Anzon Energy Share Discussion Threads

[smudgeroo] 28/8/2007 17:44

Furthermore,

If the true value of AZA is in the region of A$1.70 - 1.80 then we surely must be looking at a takeover price of around A$2 per share.

This would give AEL a proportionate market cap of £161m, or to put it another way, a share price of £1.68!

[smudgeroo] 28/8/2007 17:37

Using the above figures AZA has a current market cap of A$529m @ A$1.43 per share or £217m.

Therefore AEL's 53.1% stake in AZA is currently worth £115m yet our current market cap is just £81m!

[smudgeroo] 28/8/2007 17:26

Posted by jojosydney on Hot Copper earlier today:

"Following is a rough valulation what AZA should be worth according to the latest deal with ITOCHU.

AZA shares 370 million

Cash in bank = 34 million
10% sale BMG to ITOCHU =123 million
NXS share holding 12.1% = 117 million
BMG value according to leatest deal =$492 million

Debt outstanding =111 million

Total value $766 million or $1.77 per share.

So according to the latest deal and the high oil prices we should still have considerable upside for the share price."

[cleo1601] 28/8/2007 14:58

Well, this does make a pleasant change... beginning to remember why I paid 114, then down to 93 for these. Perhaps not as poor judgement as I'd begun to fear. Even if nothing happens for a while, I dont' suppose we'll be seeing the 60s again in a hurry? Pity in a way. I almost topped up here last week, but thought enough is enough.

[bomfin] 28/8/2007 14:13

I think they became debt free after sale of 10% of BMG. BMG doesn't include AZA's 20% interest in the block to the South where it's thought Basker might extend into. There are also 2 big(as high as 1 billion barrels) prospects in that block where Nexus hold the other 80%. No wonder AZA tried to buy out Nexus. imho dyor

[smudgeroo] 28/8/2007 13:06

Duplicate post.

[scubbler2] 28/8/2007 10:58

In the early days some saw the board structures of aza and ael,i.e.essentially the same individuals, as a reason not to invest. In this situation the same hymn sheets could be to our advantage. Agree with above posts -valuation of £150m seems to be peanuts.Quick profits being taken but if speculation continues no reason why 110/120 cannot be achieved in the short term.AIMHO.

[pre] 28/8/2007 10:01

small scale selling going on this am..profit made by a few...can't blame them..each to their own viewpoint imo:-)

[smudgeroo] 28/8/2007 09:58

With AZA having recieved a number of approaches I would be very surprised if a bidding war did not break out.

The Japanese giant Itochu Corp having recently taken a 20 per cent stake in BMG venture which may have been the catalyst for the takeover approaches.

The company also signed a MOU with RAK Petroleum last year with RAK aquiring 3.8 million shares at a price of £1.20 per share.

With a bidding war, I would be very suprised if the share price didn't reach the all time highs of almost £1.50 per share. With approximately 100m shares in issue £1.50 per share would still only value the company at circa £150m. Peanuts!

This has some way to go in my opinion, today's rise may just well be the start.

As always do your own research.

[pre] 28/8/2007 09:47

lovely jublee...did say this was a sleeping giant...those who heeded this thought..well done....still reckon takeout price above £1 imo:0-)

[ntv] 28/8/2007 08:29

only down aus because of small sale

[ed 123] 28/8/2007 08:28

83p to sell, 77p to buy !!!!

edit: 83/90 now.

[smudgeroo] 28/8/2007 08:15

Very nice start following the bank holiday.

Good to see that we are not the only one's who think that the company is undervalued.

[goodgrief] 28/8/2007 08:14

Running up nicely... AZA closed up 19% in Oz yesterday.

[bomfin] 27/8/2007 11:09

Interesting article stating 'effectively debt free'

40% of BMG at recent sale of 10% price is $A 492 million. That puts AEL's share at very nearly £100 million.

They've also got 70 million Nexus shares currently at $A 1.7/share totalling $A119 million. AEL share just short of £25 million.

With AZA's other assets could be looking at £125 million asset for AEL.

imho dyor

[bomfin] 27/8/2007 07:41

A number of approaches!

mmmm. Clearly a number of companies think they are undervalued! Could see AEL back to the £1 mark because that's what current AZA share price converts to. imho dyor

[zengas] 27/8/2007 02:15

ASX 10.15am 27th August 2007

Anzon Australia Ltd.

"AZA has received a number of approaches from parties which could lead to an offer or proposal being put to AZA shareholders".

[cleo1601] 25/8/2007 01:09

sleeping pre? seems more like comatose to my mind. There are days when I manage to forget I own far too many of them (largely bought at well over a quid). It would be indeed wonderful if something began to happen soon. Any timescales in mind? tia

[pre] 24/8/2007 09:11

Couldn't agree more Bomfin....a sleeping giant at the moment....moving up this morning:-)

[bomfin] 23/8/2007 10:13

We have the advantage that the Australian winter is passing. This was always going to be a difficult time in the bass straight. With better weather approaching I tip Anzon to sort out the Basker problems and then get a stronger production system sorted out for next winter. imho dyor

[pre] 23/8/2007 09:02

see this creeping back up...market sentiment improving...positive news will take this alot higher imo,dyor:o-)

[pre] 21/8/2007 09:25

buying opportunity imo:-)

[jonno1] 20/8/2007 09:56

why are we down with OZ up?

[goodgrief] 15/8/2007 08:01

Some more comment on the deal and the drilling programme...