||ORD SHS USD0.20 (DI)
||EPS - Basic
||Market Cap (m)
Zoltav Res Share Discussion Threads
Showing 13276 to 13298 of 13300 messages
|cheers ' paperclip3' I once had ZOL on my research list as it had raised cash at much higher levels than the share price of 30p back then.
I noted the profits in the most recent account statement but then couldn't find the cash! So that explains it.
It's still on my watch list but I do wonder if the money was really made by whoever sold the assets?
Despite my cynicism, I may take a few if I can put my AIM related total mistrust of companies aside. Doesn't seem to be many traded though.
|So will I Brad but just to keep my record intakt! ;-)|
|looks like it might be on the cards bernie..i will pick up a few if it sinks any lower...|
|Blinking eck. 54k dumped at 15p! Someone was desperate for some funds! I guess the drop was to bring in some buyers for the sell order. Still no one has beaten my world record low buy at 19.32p several months back! ;-)|
|Nick, proceeds of placings were used to buy attractive assets. Its most recent accounts show that Zoltav is now a company making a profit, in spite of low energy prices and a weak rouble. Zoltav appears to be a very well run and efficient company. The low share price beggars belief.|
|Can anyone update me on ZOL?
Some time ago I remember they did a huge placing and I noted lots of cash in the company.... some time later ( a year or two or more, I can't remember) I note that recently the balance sheet doesn't have this cash anymore?
Did they buy something with it and who got the cash? cheers NR|
|No takers as yet at 20p.|
|it goes down because its a scam you will never make money from the russians|
|Whoa - what's with the going down thingggg?? Come on, we want th going up thingy, we like that much better...|
|ZOL, oils going up ...|
|Decent close, albeit in very light trade,...T34 It is bonkers....GL S|
|It is a sickness , £400 added £3mln to the Mcap. System is wrong here.|
|T34 yeah serious! How mad is that! Ha ha ha......|
|On the plus side my Dad's additional 400 quids worth pushed the price up 9%! :-)|
|Yep sad really.......|
|i dont take much notice of brokers at all in general, however there is a massive difference between the two!!
we must be one of the most unloved shares on the exchange|
|The brokers note from Shore Capital and they have upgraded their Risked NAV to 125p a share.
Too bad that the price nowhere near reflects that.|
|Pc3, probably spot on for timing, as Shore's last note was circa April of this year,......GL S
Zoltav Resources shares rise after maiden first-half profit
26 Sep 2016
Russian gas group reported a maiden pre-tax profit of US$1.6mln
Zoltav believes the eastern fields of its Bortovoy licence hold considerable resources
Shares in Arkadiy Abramovich's Zoltav Resources Inc (LON:ZOL) soared more than a quarter after the Russian oil & gas group made its first profit.
The stock ticked up 2.5p, or 10.2%, to 27p after Zoltav reported a maiden pre-tax profit of US$1.6mln versus a loss of US$2.5mln a year ago.
Zoltav attributed the progress to good operational performance, cost-cutting and a higher gas sale price.
Arkadiy Abramovich is the son of Russian oligarch and Chelsea Football Club owner Roman Abramovich.
He is Zoltav's joint largest shareholder along with a vehicle of Russian coal magnate Valentin Bukhtoyarov called Bandbear Limited.
Pre-tax earnings before interest, depreciation and amortisation (EBITDA) more than doubled to US$6.2mln from US$2.7mln last time.
The group reported a 4.4% increase in first-half production from its Bortovoy licence in the Saratov region to nearly 1.6 billion barrels of oil equivalent.
Operating cash flow increased to US$4.8mln from US$2.9mln a year ago and borrowings fell 8%.
Chairman Marcus Rhodes said the success came despite the increased weakness of the rouble against the US dollar.
He said the company was working to better understand the feasibility and economic viability of the development options for the “considerable resource” in the eastern fields of Bortovoy.
“The board believes this strategy will not only result in our transition into an attractive and profitable junior oil company - a path on which we are already well advanced - but also position the company very well should the rouble regain strength and as the oil and gas sector continues to improve," he said.
House broker Shore Capital described the results as very robust, adding: "Local gas pricing has been strong and we remain impressed by operational delivery from this high-quality Russian operator."
|They don't seem to have picked up any for quite some time paperclip. All buys recently.....|
|Are the MMs attempting to pick up stock cheaply, while they can? Who knows|
|I had a call from a pal of mine who tells me that he understands that Shore Capital have issued a research note that upgrades the risked NAV per share to £1.25 from the previous £1.02. He hasn't actually seen the note, yet. Is this the most undervalued share trading in London??|
|oil above £50.|