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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sdx Energy Plc | SDX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.65 | 08:00:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.65 | 3.65 | 3.65 | 3.65 | 3.65 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 05/4/2024 12:08 by neo26 Investor relations |
Posted at 31/1/2024 11:06 by winnet tbh Roman, this entire company has not been a "good look" since Squelch left.As you pointed out recently being an investor in small-cap oil is not what 99% of retail investors are doing these days. All I can hope is that it pays off. Sadly, private equity intervention at a huge discount is the most likely outcome. The halcyon days of 50p are long gone. Hoping that these new boys can rescue the phoenix from the ashes. |
Posted at 04/12/2023 13:23 by littlened Roman,Egypt will be much happier with a multinational than Sdx .The former will bring foreign currency in ,rather than out.Secondly the ‘market’ is mainly small investors who don’t trust SDX very far ,even with a new BOD.There is little interest in small caps throughout the market so a tiddler is off the radar for all but loyal fans who have little cash theft to invest |
Posted at 28/11/2023 08:35 by winnet I'm just hoping for a slow and steady rise, taking on new investors as the story becomes clearer and more compelling... Otherwise, we just attract day traders and we'll be back to 4p regardless... seen it so many times... |
Posted at 27/11/2023 14:50 by neo26 Winnet, he an ex disgruntled investor. Lost money here.If hes being neutral now and sees mkt cap of only 8m.Morocco is worth alot more and with 10m plus coming from egypt asset sales. This is easy bagger before christmas. |
Posted at 07/11/2023 22:12 by littlened Roman I have decided you are a trollWhy are you on this Bb . You are not an investor . Disappears please |
Posted at 30/8/2023 12:25 by chrisdgb All the investors brought in by Aleph were US...... |
Posted at 19/4/2023 15:25 by thegreatgeraldo Patience........""The group of shareholders led by Aleph are long term investors. We believe that leveraging SDX's existing operations and technical team with Aleph's financial, technical, and commercial support will enable SDX to increase its production and cash flows multiple times over the next 24-36 month.." ..they've not had 12 months yet! |
Posted at 04/1/2023 15:57 by ashkv Something to monitor re Egypt - interesting article from the FT‘There are no dollars’: foreign currency crunch hits Egypt’s economy Cairo says banks will soon be able to help importers clear backlog of goods at ports worth $9.5bn Heba Saleh in Cairo JANUARY 1 2023 With foreign currency in short supply in Egypt, Rafik Clovis spent December anxiously waiting to find out whether his bank would be able to provide the $67,000 he needed to fund the import of a consignment of car parts from Europe. But by the end of the year, the dollars were still not available; as a result, his imports in 2022 were just a tenth of a normal year’s amount. “Conditions are catastrophic,” Clovis said. “There are no dollars and I have no idea how it will be resolved. I have five employees, and now we are surviving off what we made in previous years.” The importer’s predicament is shared by many businesses as Egypt struggles with a foreign currency crunch. The first three weeks of Russia’s full-scale invasion of Ukraine in February led to $20bn of outflows from the Arab world’s most populous country as foreign portfolio investors rushed to safe havens. Despite $13bn in deposits from the United Arab Emirates, Saudi Arabia and Qatar and another $3.3bn in asset sales to the UAE in 2022, foreign currency has remained in desperately short supply for the import-dependent country. A week ago President Abdel Fattah al-Sisi said banks would secure the foreign currency necessary to clear a backlog of imports within four days, without going into detail. According to Mostafa Madbouly, the prime minister, $9.5bn worth of goods are still held up at the country’s ports. The Ukraine war’s inflationary impact on prices for basic commodities such as wheat — Egypt is the world’s biggest importer of the grain — has added to pressures on the country’s foreign currency resources, forcing the Central Bank of Egypt to devalue the pound in March and October. Inflation in November reached 18.7 per cent, its highest rate in five years. For the fourth time in six years, Egypt has had to resort to the IMF, which last month approved a $3bn loan over four years. At the heart of the agreement is a commitment by Cairo to move to a flexible exchange rate regime in which market forces determine the currency’s value — something Egyptian governments have long resisted. In an effort to conserve foreign currency, the CBE placed restrictions on imports in March. The requirement to use letters of credit slowed the process and created a backlog of unfulfilled demand for dollars. It also prioritised access, placing basic commodities such as staple foods and medicines at the top of the list. The CBE cancelled the requirement to use letters of credit on December 29. The two devaluation The CBE increased interest rates by 300 basis points on December 22, taking the overnight deposit rate to 16.25 per cent. The rise surpassed analysts’ expectations and reflected increasing concern about inflation and the falling pound, according to London-based consultancy Capital Economics. Businesses from poultry farms to car manufacturers have been badly hit in a country that imports most of its food and many of the inputs for its industries. As policymakers ponder when and how to move to a flexible exchange rate regime where the value of the pound is not propped up by the CBE, entrepreneurs complain they have no visibility on the future. “We are working day by day,” said the head of a poultry-based business who complained that shipments of grain, mainly soya and corn, used for feed, were stuck at ports because of the dollar shortage. “Every day we have to find feed, and we sometimes run out and the birds are not fed.” He said the agribusiness had had to “depopulate&rd Mohamed Abu Basha, head of macroeconomic analysis at Cairo-based investment bank EFG-Hermes, said the shift to a flexible exchange rate could not “happen overnight” and that the authorities needed to “ideally first build up a buffer of foreign currency to help clear the backlog of demand” before moving on the exchange rate. Farouk Soussa, economist at Goldman Sachs, outlined the difficult options facing Cairo as it sought to build up liquidity to deal with near-term demand for dollars. “The CBE could clear the market by continuing to raise rates, floating the currency and restricting the money supply, but the implications for prices and growth are problematic,” he said. “The authorities’ preferred option is to wait for inflows from the Qataris, the Emiratis and the Saudis to buy assets in Egypt, but that is also uncertain.” As policymakers weigh up the options, the outlook for many businesses is uncertain. A senior manager in a multinational auto components company said his business had fared better than most because it was also an exporter, giving it access to foreign currency. But those reserves were being depleted and the company was unsure whether to accept new orders. “I am not certain that I’ll be able to clear imported inputs for a new order and have to pay thousands in [holding fees] as I wait for dollars,” he said. “If my supplier abroad agrees to defer payment and I can get the goods out of the port, maybe the dollar will have gone up by the time I have to pay.” He added: “It is also possible the automobile manufacturer I am supplying here will have problems because [supply |
Posted at 01/12/2022 09:56 by jas2022 Let's look at jays last 2 years after his stress leave after destroying aminex share price (that's another story initself). His mates bought nuog. Needed someone to front it. In comes jay the hero with his depth of o&g experience and contacts. First rto attempt was a bin bag recycling business that failed taking 95pc off the share price Quick raise then suspension. A year later a locked in investor brought the idea, was it o&g you ask, no it was a minow company in devon that installs rubber barriers to ships to stop piracy, we live in the 21st century with state of that rt military that can protect ships within hours. Guess what the rto failed. Jay had been mr professional and kept shareholders updated, oh no ha g on he hasn't. So you ask about relationships, clearly hasn't got any, credibility in the o&g space, I imagine he is a laughing stock.... Destruction of sp, bags of that experience. His bio states he is director of multiple firms, errr what are they exactly, one suspended, one dorment under the same umbrella..Best of luck here. |
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