trader M
26 Aug 2015
in the crazy world of GED Up 9% today (2p) against the tide of the falling market - is there any good news on the horizon GED. Or is a just a teaser in the miserable decline of this share price?
coldascheese
07 Jul 2015
Re: No News and no price movement? Yes very quiet here ,maybe a quiet before the storm. Still, has loads of cash and is probably waiting for the right opportunity.
RichardLY
06 Jul 2015
No News and no price movement? It's almost like this has been suspended?
dicko80
19 May 2015
Re: Bought in and why do you think the market is valuing GED @ £13m ?
coldascheese
18 May 2015
Re: Bought in Well they have done ok to sell some assets and as of today the company is valued at £13 million with the company having cash of £26 million-that's twice the share price in cash !Total assets from accounts, including cash with all their oil assets written down is £41 million-that's 3 times today's share price.I can't see any downside here-but maybe others can -please tell me if I am wrong.
dicko80
16 May 2015
Re: Bought in you are correct, but the issue here has always been management........ they need a rocket up their ars
coldascheese
15 May 2015
Bought in Have acquired a small stake yesterday as price does seem very low and AGM due soon which may throw some light on what they may do with all the cash they have. Seems well underpriced and not a lot of free float.
forwardloop
14 Apr 2015
info IC October @ 58ppsAt the current price, investors are also getting all of Global Energy’s Bocachico properties, in Middle Magdalena, held with partner Ecopetrol, in the price for free too. These contain 11m barrels (1P-proved), and 40.4m barrels (2P-proved and probable).Admittedly, oil exploration is a risky business and there is no guarantee that Global Energy and its partners will hit pay dirt on any of these wells. But that risk is more than priced into Global Energy’s market capitalisation with the shares in effect trading on a 20 per cent discount to net cash post the disposal of the Llanos Basin properties. Global Energy will make a further announcement with regards to the use of these funds following the completion of the Llanos transaction.
UkBBinvestor
18 Mar 2015
Re: 73p per share in cash The company really need to come out with a clear strategy for what they intend to do with this cash pile going forward, rather than just 'looking at options'.
UkBBinvestor
18 Mar 2015
Re: 73p per share in cash More like 76-77p with the current $ exchange rate.SP still seems controlled by oil prices even though we now have little or no production, company has already discounted the value of their reserves, and trading at a near 50% discount to NET CASH!!
happypills
09 Mar 2015
73p per share in cash No debts and no contractual obligations. 44p SP?Happy
forwardloop
15 Jan 2015
info Shares mag courtesy of Alliance Trust. Partly explains todays rise.Global value callLatin America oil play trades below the value of its cashTom Sieber Quixant Small cap oil and gas companies have suffered acutely from the oil price crash and Colombia-focused Global Energy Development (GED:AIM) is no different. Having nearly halved in value in the past 12 months its shares at 46.5p now trade at a substantial discount to net cash. Research house Equity Development estimates the company has $41 million in the bank or the equivalent of 68p a share. Although its exploration activities have been shelved in the wake of crude’s fall, this balance sheet strength means Global is well placed to hold onto its licences and ride out the current storm. Alternatively the small cap could use its relative wealth to acquire assets from struggling rivals or return cash directly to shareholders.Shares says: "Risk tolerant investors could take advantage of this anomaly at 46.5p." The business received a significant injection from the $50 million sale of its producing assets in the Llanos basin, Colombia to Canadian peer Platino Energy (PZE:TSX-V). In hindsight the timing of the deal, which completed in December 2014, was fortuitous.When the terms were agreed in October 2014 the Brent crude oil price was upwards of $85 per barrel and it is now trading at around $50. Farm-out agreements to fund exploration work on its Bolivar and Bocachico properties have been terminated by mutual consent (8 Jan) in response to the current oil price so the immediate demands on this cash are limited. Shares says: Buy Global Energy Development
UkBBinvestor
09 Jan 2015
Re: Sale completed Yes it just gets better and better doesn't it.Unlike earlier in the year GED are now (very) cash rich with their $41.5m net proceeds from the sale. In addition GED get to keep the $6m fees from Everest, have had Catalina #1 frac'd and have now doubled their very substantial reserves overnight! This management here have pulled off a blinder here whether by luck or judgement, and all credit to them.Now lets see the market start to recognise the c. 87p net cash on the balance sheet, the discount here is more than ridiculous.
RichardLY
09 Jan 2015
Re: Sale completed UkBB have you got nothing to say about the latest news please, after all your ramping here?
UkBBinvestor
05 Dec 2014
Re: Sale completed If I wasn't buying a house I would put that money into here. It is an unbelievable bargain, truly unbelievable.If it stays like this I can see some massive money moving into here.
