cwmtawe
28 Sep 2018
Bid coming Is that a reasonable valuation? 11 MM per year X $45 (guess), $500m profit / yr so 3.5yrs of profit ??
The_Marin
27 Sep 2018
Bid coming If they can get to 35 000 B/D then company should be worth around £1.35 billion so any bid should be around that figure.
Ripley94
18 Sep 2018
Proposed Acquisition/Placement FPM… Sold half in ( T ) Took another slice today ( S ) @ 156.2p …Had a 155p target .
onedb1
15 May 2018
Am still long ( FYI) Just rarely post here but its one that I just let rise and rise The only thing that does not make this the perfect easy trend to follow is what I mentioned already a few weeks ago , the odd whipsaw . I have set alerts to when am 75% of my trailing stop . I will never trade out at the height . just not my strategy but happily ride the trend and get stopped out one day when it stops or turns . I'll lose the daily average true range * ( my multiple ) That what I don't feel worried .
Ripley94
09 May 2018
sliced ( T ) @ 142P Been rising have quite a few in ( T )
Alibi 8
04 May 2018
Re: Something stirring... Interesting. Glad I put a large chunk of my Isa allowance into this.
Beedy2
04 May 2018
Re: Something stirring... I think the below could be the reason for the rise yesterday:[link]
Alibi 8
03 May 2018
Something stirring... Decent rise this morning. News coming?
velocipede
28 Apr 2018
Re: Ithaca Energy all over Yes, the graph tempts you to sell and come back in two weeks, but hardly worth the dealing costs. The force is with us, so will just relax and let it happen.
onedb1
27 Apr 2018
Re: Ithaca Energy all over Actually that EBITDA to EV is a lot lower for Premier Oil I think EBITDAX was $589m last reported so current EBITDA/EV for PMO is now substantially lower and hence better Meantime Faroe is just a beauty of a chart . I think the trend is pretty self explanatory I picked these up purely as a technical play between 60s and 75p so looking forward to seeing all the positions double in price . Not quite yet . Some of the whipsaws did test my resolve as they went beyond my tolerance and should have sold . Nice and quiet on this bb
senn1965
14 Apr 2018
Re: DNO What price a take out looks like it's all moving fast, or maybe zzHubs synopsis will be on the money?Senn
forwardloop
07 Apr 2018
DNO [link]
onedb1
07 Apr 2018
Re: Ithaca Energy all over Hi RipleySure , the parallels are very similar to Ithaca as both Faroe and Ithaca were bought on the cheap by 2 corporations and both firms were bought at what I believe were values that were undervaluing the 2 companies. But especially the long journey of management and operational success that takes time to achieve . PIs are just impatient . I have been happy to stay quiet and enjoy the trend but don't want this to be taken over cheaply ! Both because it sets wrong 'comparables' for other stocks in the sector and because I think it undervalues the asset anyway. In this case its DNO from Dalek and with Ithaca it was Dalek buying Ithaca to expand its portfolio of assets . Imagine how much Ithaca would be worth today in the open market . Its smart corporations making money whilst the various private investors are caught napping in the entire sector more so here than in the US sector that I follow but both UK and US are lagging . The fact that institutional investors are doing these deals shows me that the market is pricing energy companies too low . A Premier OIl has an EBITDA/EV ( EV = economic value ) I use this metric due to debt levels , of about 10 . Faroe about 8.5 A comparison of Book value discount would imply that now PremierOil could be a target . Look at the 2 in those terms . To me the sector will get a surge in such deals if Oil stays above $60-65 this year on average . ( current average is above $67 ) Hope that is as brief as I could keep it
Mick Oi
06 Apr 2018
Take over code Article in today’s Press & Journal paper (subscription for online viewing this no link posted, I’ve paper copy), last paragraph says.........The UK takeover code says any firm publishing a “no intention to bid statement” needs to wait at least six months before crossing the 30% ownership threshold.......Article basically said Faroe should be braced for a takeover bid by DNO.
Ripley94
06 Apr 2018
Re: Ithaca Energy all over Hi oneb1Can you expand on your comment please.
