for AFR the most believable fair values estimates, post dilution, come out at 5 - 10p share, so 3p seems oversold. However its got to make AFR a really cheap takeover target. Bondholders are getting to get a shed load of cheap equity and I'm sure will be more than happy to sell on that equity for a quick buck to somebody looking for cheap oil assets.
seems to be a lot of people with 4 to 5p averages... must be the average average! but i guess there will be heavy selling to break through as people de-risk to cash at those levels.
Amazing results at GEMD and it drops 10p.... DCP gives some very modest news and does up 10%, oil on a downer but my oilies are on the up? Its hard to comprehend the markets!
GEMD... FINANCIAL RESULTS · Revenue US$271 million, up 27 % · Underlying EBITDA US$104 million, up 35 % · Attributable net profit US$33 million, up 57 % · Basic EPS 24 US cents, up 57 % · Cash on hand US$111 million as at 31 December 2014 (net after debt); (US$99.4 million attributable to Gem Diamonds) Maiden Dividend 5cents/share
OEX is about to touch the ichi cloud. Bull flag is up if you believe in charting
