remaining assets worth? [link]
just closed the £70mill deal mmm surprised no movement here
hardly any reaction as yet nett $28mill on a market cap of £13mill and debt free, profitable ...what a penalty kick this is
Re: Thoughts anyone.yes!! 10-20p return not expecting anything near that, we will be lucky to get 2p, imo, they will need that cash for picking up distressed assets, thats when we will get the returns we hope for, GLA LTH
Re: Thoughts anyone.yes!! 10-20p return Read that, also page 8, of the 70 Million $ only a part remains after paying all debts, taxes and bills:[link]
Re: Thoughts anyone.yes!! 10-20p return I see us selling the largest asset ( but not all assets) for $70+ million dollars ( £50 million ) with debt of $1.9 million dollars.A hedge with Maquerie bank on future oils sales and a profit of $5 million 2015 less tax.At the current value of 7.38p that makes the company worth just £16 million pounds.So what is the real value of the shares worth..? Or have I missed something>>> At face value it seems they must be worth a heck of a lot more than the current valuation??A LOT MORE>>
Re: Thoughts anyone.yes!! 10-20p return MY view is that by calcs share is worth about 9.5p. However they will probably only return about half that and then that is after a good 6 months of, IF the deal goes through.There are still a lot of unknowns in this deal so best to wait until it becomes a bit clearer.10-20 p is a tad optomistic. Could be safer to bank some profits.
Re: The oilman.. pardon my ignorance here but whtas the likely scenario here?Are they looking to buy other assets and develop them?or payout the windfall to investors ??
The oilman.. The share price of 30p is my target BTW
From The Oil Man III Empyrean EnergyEmpyrean Energy (EME), market cap £10.81 million, sells its (admittedly main) asset for $71.5 million (£50 million) - and possibly $10 million more - and the share price rises by a measly 5.4%; what is one to suppose?It looks like another one for the "pool of value" list I have been tracking lately, as shareholders will eventually get the benefit of this deal. Tom Kelly and his team should be applauded for getting this deal over the line at such a price in this market, and whilst I know that some will feel it might have been more, it is better than most recently.The rationale for doing the deal was simple enough:Target price for me north of 30p and very very soon
Re: Thoughts anyone.yes!! 10-20p return We could be looking at a return in excess of 10p per share when the deal goes through.All debt paid off and money in the bank.Sounds like the Best Buy on the exchange by a long way..They obviously have a purchase in mind to have sold and the price was damn good.
Re: Thoughts anyone Hmmm. Great move or selling the family silver ????when poo was sensible this was low 20s pre the resource update so I was expecting high 20s when poo recovers. If we are back in exploration and development mode could be many years to replace this lost guaranteed income. I hope the bod know what they are doing as from a personal perspective I want out of all my shares over the next 5 years max
info - screaming buy? [link]
Any clues what's going on? Steady climb to 8p with positive press comment, but then a sudden fall 25% back down to 6p. What is this nonsense?
Re: undervalued-the oil man malcy Look at the 3 year share price graph when poo was higher but without this reserves upgrade. IMHO once poo returns to 65+ (however long that may take) this should return to the low 20s at least. Solid hold for me with minimal downside apart from timescale for poo uplift.