Afentra Share Discussion Threads

[ashkv] 10/8/2022 13:15

Page 8 of the presentation - conveys a NPV10 for Angola assets acquired by AET at CPR deck prices ($97 in 2022) of lower than $200mn.
hxxps://afentraplc.com/wp-content/uploads/2022/08/Angolan-Acquisitions-Resumption-of-Trading.pdf

At 25p share price Enterprise Value for AET is approximately $165mn...


Now if one were to take the NPV10 of Touchstome exploration the share price would be well over 200p....

[ashkv] 10/8/2022 13:14

stockhunters... why are you making stuff up - please read up about Enterprise Value and finance basics prior to engaging in malicious communications...

[stockhunters] 10/8/2022 13:12

biggest small cap acquisitions over the years in o&g space after relist

[ashkv] 10/8/2022 13:08

2Prsimo - The Newlands also have significant stake in Trinity Exploration (which is a dud) and also SDX ... need I say more.. .

I own KIST and SQZ - also owned Rockrose, those were UK focused firms... AET is Africa focused....

SAVE for me has been a disaster - only marginally profitable having averaged down from initial buy in the low 30s 3 plus year prior...

I invest heavily in Energy companies - and don't see the business case for AET at these share price levels unless more acquisitions forthcoming...

[billy two cocks] 10/8/2022 12:12

Added some this morning.

[stockhunters] 10/8/2022 12:02

sunny outside have a good day

[croasdalelfc] 10/8/2022 12:00

Ash - what is FCF at $97 Brent when it is $35m at $75 Brent. Probably close to $45m given opex , capex, G&A is unchanged

[stockhunters] 10/8/2022 11:56

hope you do well on it

[2prsimo] 10/8/2022 11:53

Very interesting - the Newlands are adding - they made a mint in SQZ.

[ashkv] 10/8/2022 11:45

Stockhunters - where did you get the 3 Times value of 3 EV / FCF? Please provide source - even than by your admission at current relisting levels AET is priced higher - more so when the deal for the assets haven't concluded...

GENL as of recent HY 22 update has cash of $412million and debt of $280 million

Whereas AET has debt of at least $75 million and cash of around $18mn - leaving it in net in debt of around $55-57 million...

Many other firms are in the position of GENL - that is only an example to convey that AET is more than fairly priced...

Amazing that you bought at pre-relist price... but don't expect to get rich and a multi-bagger unless market goes nuts...

[stockhunters] 10/8/2022 11:35

if you dont like AET here dont buy

[dillydally2] 10/8/2022 11:26

Ash is annoyed genl isn't flying

[letmepass] 10/8/2022 11:19

Apple has 200 billion debt and mcap at 2.6trillion. Go figure?

[wahlberg] 10/8/2022 11:19

You add debt and subtract cash to determine EV

[everready1] 10/8/2022 11:06

I presume you mean you need to subtract debt?

[ashkv] 10/8/2022 10:59

Stock Hunters it appears you are a newbie - should look at Enterprise Value = Market Cap + Debt - Cash for a full picture - as market cap per se is not representative more so when a firm has a lot of debt.

At today's Share Price levels for a deal that is yet to be completed AET is trading at a free cash flow which is approximately 4 times current Enterprise Value...

Whereas a firm like GENL at 137p share price is trading at 1.27 times its projected 2022 Free cash flow of US$250mn - and most other oilers in the same boat...rock bottom bargain prices...

As I conveyed - AET is not cheap... maybe it grows and rewards share holders but after today's rise is more than fairly priced for present business circumstances... let AET management provide the uplift in acquired assets and hopefully share price will reflect...

[stockhunters] 10/8/2022 10:56

60-80% up on first day is great

[dillydally2] 10/8/2022 10:39

All the guys who were waiting for relist have exited

[dillydally2] 10/8/2022 10:17

It's now being ripped apart

[stockhunters] 10/8/2022 10:05

happy to admit thought this would relist 40-50p

[dillydally2] 10/8/2022 09:47

Never ceases to amaze me how the mms allow some dogs to rise and rise based on hypeBut when a company actually delivers they hold down the price when actually it should be closer to 80p based on the valuation of reserves and bopd output

[zxie] 10/8/2022 09:28

Week 7 now next update soon mate