||ORD USD0.0005 (DI)
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
|Spitfire Oil Daily Update: Spitfire Oil is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SRO. The last closing price for Spitfire Oil was 3.75p.|
Spitfire Oil has a 4 week average price of 3.73p and a 12 week average price of 3.42p.
The 1 year high share price is 4.50p while the 1 year low share price is currently 2.75p.
There are currently 25,884,001 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Spitfire Oil is £970,650.04.
|hedgehog 100: The falling share price here suggests little confidence in any payout.
Which is hardly surprising considering the history at GFM (Griffin Mining).
09/04/2015 07:00 UK Regulatory (RNS & others) Griffin Mining Ld Final Results
" ... Chairman's Statement:
Although the Company remained profitable for its 10(th) consecutive year ... "
... it has not paid a dividend for eight years, despite pressure from shareholders.
From the thread "GRIFFIN Mining - Chinese Zinc & Gold (Moderated) (GFM)":
Cisk 25 Apr'13 - 14:24 - 23218 of 25650 0 0
"Guys, I agree with all your recent posts. TBH I would increase my holding if the BOD would put their money where their mouths are,stop investing in pet projects and get GFM where it should be.
If enough of you feel strongly about this, maybe we should all attend this years agm - some time in july I believe. Any thoughts?"
|ten bag man: Trawl, fact is,they have over twice today's share price in cash in the bank plus they are on the lookout for an RTO.
Now, if you don't like what you see Don't buy. !!!
However to my mind,you have a heap of cash to reduce risk big time,AND if they do a great deal(they say it has to be fab), you could do very well indeed.|
|ten bag man: Few AIM shells are clean.
Fewer have any cash.
Fewer still have cash over double the share price, IN THE BANK.|
|jimbob17: Following the share price fall yesterday, I calculate the cash held is double the share price ?|
|tara7: However they do have cash, and lots of it way over the share price.|
|tara7: As I said above the cash alone is like buying a new build house for half price!
Keep thinking those options of the directors mean they would want first a 12p share price then ten times that.
Thus deal has to be done within the next two weeks to = the best result for them|
|tara7: Directors options at 12p go down the pan at the end of the month if share price is lower.
If they have a game plan we will see it in the next few days.
MM STILL 3 V 1
Buyer in the wings.?|
|tara7: THAT IS ONE POINT OF VIEW.
HOWEVER IT WILL NOT MAKE YOU RICH AS THE ALL TIME LOW BUYING PRICE WAS JUST UNDER 6p
Now,I have made 5, 10 30 and 70 bangers from stocks just like this.
It is low risk as the cash backs up the share price and a deal could make you rich (over time.)
Company knows the value and has been buying back the shares.
Keep an eye out in the next 14 days as directors options are worthless if the share price is not above 12p by 31/03/14.|
|up just a little bit: And I would take the profit.
I would not stay in and pretend that a company producing nothing was going to be the total cash value realised in the share price.
On paper I would agree with you but the reality says that you have a profit so take it and go on to make more with another company.
If you think you are getting the cash value divided by the shares in issue then check yourself into the funny farm
You have done well do not be greedy.
|tara7: Options at 12P run out at the end of the month (directors) 12P
Will directors do a deal by then ?
If not the 4m extra shares go in the bin.(great news for shareholders)
Cash is just short of double the share price.
SHARES COST JUST 6P TODAY|
Spitfire Oil share price data is direct from the London Stock Exchange