a few promising nuggets in there like pipeline being completed etc but daily output never actually seems to be increasing in any meaningful way ... I thought we were at 2000 bopd about 3 yrs ago...
obviously whoever was poking around SKG has left the building with today's price plunge ... expect a story in the FT or similar in the next couple of days to say 'no deal' ...
Of course the SP jump is big on a tiny trade - some small investor (3000 shares equates to 200 euro!!) decides PTR is worth a punt but not much activity in the market and no-one is arsed selling so has to bid a cent above current price i.e. 0.07... an increase in outlay of €20 on the trade. Net result: the board shows PTR has risen by 16%... this is a non-event. You need to consider the liquidity of the stock.
that would explain some of the recent ramp up in price then...speculation of possible bid for skg from Amcor: [link]
@ johnmcclean - funny - I did the exact same thing as you with Glanbia - p/e just too high for me at a certain point but there you are. Offloaded half my SKG but thankfully kept 3k;s worth. It goes ex-div today so not surprising to see it come back a little but still seems to have momentum to go to 30+.
where's the horrible news that was predicted on here y'day?? "Testing of the Amosing-1 and Amosing-2A wells have revealed "excellent results", the company said, flowing at maximum rates of 5,600 and 6,000 barrels of oil per day respectively."... TLW has to be a serious takeover target if SP continues like this.
RNS - General Invest Overseas S.A. have now increased holding to 15%. Was about 6% last Sep '14. A fight could be on the cards between Natlata and themselves. And then there is Oil India...let the fun and SP price increase being.
interesting RNS ... Natlata have increased their shareholding to 20%... the plot, if not the oil, thickens...very, very interesting...
Not sure if the oil can explain the ca. 18% rise since start of Jan. Glad I (mostly) held the shares I had though...up over 200% on this over the last few years. Maybe positive news coming that has leaked as these are closely followed in Dublin and one of DAVY's darlings. To be fair, P/E was extremely generous for the last few years and DAVY have consistently been telling people that SKG was totally undervalued for such a well run/managed company with a strong market position and great cash generation. Holding some of these in the pension for the long haul too.
bid is 2.55 (2.50 cash + .05 dividend). AL board says take no action for now.