||ORD NPV (DI)
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
|lazygun: Current shares around 8.5 billion, with share price 0.05, equates to mkt cap of about £4.2 million.
So, add 500k to the mkt cap, (the placing funds), gives rise to mkt cap of £4.7 million, with 10.1 billion shares, equates to a share price of 0.047, so not a lot of dilution.
If you assume worst case, mkt cap stays same with add like shares, share price might drop to around 0.04.
If you add in some selling due to negative sentiment, then maybe drops to around 0.035 ish.
However, if they're then getting mdf up and running, bizarrely this might be the start of a turn around in Nct fortunes....
I'll pile in once it drops to that level, and they confirm mdf starts generating cash... ( Ie no more dilution)
|orslega: no mention of Mexico onshore bid....that is the big driver short term - pre-qualification news this Friday and bid results circa 3 weeks time....one successful bid imo will be worth another SC and probably more...RC said he's bidding on at least 8 fields...
MXO are expected to secure at least 2, then our 38M warrants kick in.....anybody's guess what value that will add to NCT share price....
Mark my words the traders will be positioning for that - envelope opening 15/12|
|lazygun: Oil prices ultimately will go up, it's not a case of, but only of when. People keep forgetting that no matter how OPEC may try and manipulate production to try and maintain it's market share, the bottom line is that we're still dealing with a commodity that is in finite, and ultimately diminishing supply, with no real viable means of significant replenishment.
Long term future of oil prices can ONLY go in one direction - UP. Whilst I agree that the current low oil price climate which may last for another year or so, or maybe even 2-3 years or so, may hamper share prices of companies, especially the likes of northcote, if you have faith in the northcote story, and its ability to survive, then investors need only look at their expectations for share price recovery, and adjust their expectations for payback, or choose to get out and deploy their money elsewhere.
RC cannot directly influence the share price. He can really only do three things:
1) continue to develop north cotes strategy, it's business, and continue to develop it's cash flow security through its diverse business activities ( and if anyone can, then RC ).
2) continue to reinforce the message that NCT is not just a junior oiler, but rather a much more diverse company, and therefore a much reduced risk when compared to its peers
3) should conditions suit, initiate a share buy back scheme, or look into some other form of share capital restructuring. If you look at the current share price, we're starting to get into the realms of where NCT's revenue streams will reach parity with its market capitalisation, and as the various business strategies mature into sustainable revenue generating businesses, will,eventually outstrip its capitalisation. At that point, this would be the best possible time for NCT look,at reducing the share capital in the company, unless such funds are felt by the NCT mgt team to be more valuably deployed elsewhere.
So, in summary, keep developing the business, keep putting the message out about great NCT is vs its peers, and possibly subject to prevailing conditions, look at doing a share buy back. The last two can only have an indirect effect on the share price, and then ONLY if sentiment towards the stock changes.....
I suppose the only other consideration on a share buyback would be what effect would that have on the larger shareholders in respect of declaring changes to threshold levels..
|orslega: There has also been a seller here for some time now. Always selling into news, regardless of price. Like just now.
The fact is whilst there is a constant chunky seller out there, simply supply and demand will mean that the NCT share price is stuck, or will drop. Of course the spread accounts for a good part of the %...|
|orslega: All depends what the ex nap shareholders plan to do with their NCT shares when they eventually get them - there was mention on lse of forward selling - pending receipt of shares; that would involve borrowing NCT shares via broker and selling now and settling when shares received.I could understand forward selling if former NAP shareholders wanted to take a nice profit while they wait for their NCT shares. But forward selling makes no sense whatsoever unless NAP shareholders are absolutely strapped as they will be taking an enormous loss given the fact that NAP shares were also at an all time low when Northcote took them over.....I seem recall the NAP deal being done at 0.09 - so whilst NCT share price has increased, it will be nowhere near the price the NAP shareholders paid for their NAP shares...|
|orslega: posted this on CEB LSE board, and got a round of applause, lol
"Some may not be aware but CEB partner is Northcote Energy - NCT - CEO Randy Connally set this Indo deal up - for that NCT get 12.5% participation rights on any Indo deal CEB do plus NCT bought 50M shares in CEB at 0.4p.
NCT is on the verge of a re-rate having just announced a drill success of 250 bopd (flowed at 500 bopd) in a drill onshore Louisiana - $200K per month initial revenues. The NCT share price has yet to respond. But when CEB announce this first Indo deal watch out for NCT. More easy money imo.
Have been here in CEB since 0.25 days so very pleased with DW and the team - as RC said DW/CEB is going make NCT a bundle of money. DW in London this week makes things even more interesting. GLA"|
|liquid millionaire: LOL moreforus the NCT share price target of 2p+ represents more than a 10X Bagger!|
|liquid millionaire: NCT share price target remains at 2p+|
|deanroberthunt: if NCT share price was directly proportional to the effort MORE4US expends posting.....it should be £1.20p|
|liquid millionaire: Correct me if i am wrong but it looks very much to me as though the MM's are really struggling to keep a lid on the NCT share price....|
Northcote share price data is direct from the London Stock Exchange