|Offshore Hydrocarbon Mapping
||EPS - Basic
||Market Cap (m)
|Oil Equipment Services & Distribution
Real-Time news about Off. Hydro (London Stock Exchange): 0 recent articles
|ucasavi: It could be so. I think it is also that the shipping season starts only in July, so I am not sure what to expect before that unless they find good contractors for Petrosakh and start drilling earlier. Until they give some proper details how the cash will be spent, the share price will remain weak. They cannot waste cash anymore as their main objective - "restructuring" the taas loan has been achieved. It had to be done asap as no one could be sure for how long the BoD or the loan itself would survive IMO. The silence of the BoD about where the placing cash has gone may also imply they have got something to hide. If they now waste the cash it will also be all over for them in terms of salaries. On a positive note though: the fact that they fought for their free shares gives us some hope they these will be worth something; not just devaluing the company, selling it for peanuts and then getting some "broker fees" through a back door.|
|ucasavi: Lol, no more actions from my side I am afraid. The Bod knows when to throw a bone to the roaring lions. In my past lives I used to sell my soul for 30 silver coins, but do it for a 1.5 p skinny rabbit is below even me;-)
But what wonders me is that people make a conscious decision not to change anything, and when nothing changes, they start asking why the share price remains undervalued as it has been all the time before?
Anyway there is a simple reasoning behind the present sp: a year ago it was 11-12p, since then nothing has been achieved, but writing off $15m is 4pps so that we have 7-8p|
|gwr7: As I say, there may be some truth in my piece but I don't know how much. Funny though how a number of people on here said the share price would necessarily climb to the higher placing price. It was a non sequitur that I'll be wary of in future.|
|gwr7: Yeah, amazed the share price has held up so well. The high profile duck egg OHM have laid over Rockhopper's Ernest prospect perhaps explains why EMGS gets the $150m repeat order from PEMEX while OHM gets breadcrumbs.|
|acm434: "A 30% markdown on piddling volume ! On past performance if they need to raise equity I expect it will be at around 15p and the share price will be marked up again on equally low volume. Also given that their sales are more than doubling year on year and as they don't have the muscle to manage it they remain an attractive takeover target."
|camy: A 30% markdown on piddling volume ! On past performance if they need to raise equity I expect it will be at around 15p and the share price will be marked up again on equally low volume. Also given that their sales are more than doubling year on year and as they don't have the muscle to manage it they remain an attractive takeover target.|
|gwr7: I wouldn't say the situation is farcical. Perhaps unusual but even then we saw the same with the last placing above the share price.
In theory the valuation should move up with the extra cash but will that cash make money or is it Pratt's round again?|
|gwr7: I don't mind your questions bones as I always endeavour to give my honest opinion. I don't hold at the moment and am not short though I think there will be more rotten results tomorrow. I do like the 'company' and am sure I have followed its fortunes for longer than you have. I don't like the management and don't think they are capable of restoring true value which I believe to be higher than the current share price. Any sign of change in this respect and I'll be back in at the right price.|
|bones30: GWR7 - the share price should be at or above the placing place IMO.|
|crosswire: Analyst Consensus 12 Month Target Price
The one analyst offering a 12 month price target expects Offshore Hydrocarbon Mapping Plc (OHM:LSE) share price to rise to 33.00 in the next year from the last price of 5.00.
Offshore Hydrocarbon Mapping share price data is direct from the London Stock Exchange