And yesterday the market penalised Sean for preparing to make the company a more attractive proposition for an investor audience probably 10X that available on AIM and a massive pool of new money if needed.With pending (good) news from GMET and FMC and their N American assets, a supporter like Rule will "shine the light" in POWs direction. Just as with DEC, if/when they complete the NASDAQ listing watch that share register migrate across the pond! This could be a very very rewarding few years ahead.
Just want to highlight that today's announcement from POW on GSAe means they have won a contract worth £160k or more (those were the terms).
Based on an assumed 20% profit margin and on POW's 75% ownership that is worth at least £24k to POW, less the -£75k cost of the shares issued. But if the contract is worth £480k then the issue of shares is cost neutral, or above £0.48m and it is accretive.
That leaves aside that the issue of shares is dilutive but not a cash cost - whereas the share of profit is cash earnings.
I’d be very interested in your thoughts as I too am considering investing although the political risks of operating in Nigeria and likely corruption weigh heavily against it
Sorry to reply on a different theme but have come across an interesting growth/dividend opportunity was wondering if the Oak Bloke had any views or if anyone was invested
And yesterday the market penalised Sean for preparing to make the company a more attractive proposition for an investor audience probably 10X that available on AIM and a massive pool of new money if needed.With pending (good) news from GMET and FMC and their N American assets, a supporter like Rule will "shine the light" in POWs direction. Just as with DEC, if/when they complete the NASDAQ listing watch that share register migrate across the pond! This could be a very very rewarding few years ahead.
Just want to highlight that today's announcement from POW on GSAe means they have won a contract worth £160k or more (those were the terms).
Based on an assumed 20% profit margin and on POW's 75% ownership that is worth at least £24k to POW, less the -£75k cost of the shares issued. But if the contract is worth £480k then the issue of shares is cost neutral, or above £0.48m and it is accretive.
That leaves aside that the issue of shares is dilutive but not a cash cost - whereas the share of profit is cash earnings.
OB
Some articles of interest
https://www.energyvoice.com/oilandgas/africa/ep-africa/390624/nigeria-seplat-deal-exxon/
I’d be very interested in your thoughts as I too am considering investing although the political risks of operating in Nigeria and likely corruption weigh heavily against it
https://politicsnigeria.com/fx-crisis-oil-and-gas-dealers-threaten-shutdown-as-70-of-downstream-businesses-collapse/
https://i.imgur.com/XG5oiHk.png
Sorry to reply on a different theme but have come across an interesting growth/dividend opportunity was wondering if the Oak Bloke had any views or if anyone was invested
https://bnnbreaking.com/finance-nav/seplat-energy-unveils-dividends-and-financial-triumphs-eyes-exxon-mobil-assets
Very interesting, John, thank you. As an ex-SEPL shareholder I've been toying with going back in. I may well write an article on SEPL.