Afentra Share Discussion Threads

[billthebank] 11/8/2022 11:11

Cheers Peter Mind you a profit is a profit at the end of the day.

[petersmith6] 11/8/2022 10:46

Was in in igas from April fools day till last week.. then sold half...so looks like I'm a fool

[billthebank] 11/8/2022 10:40

Hmmmm some movement towards 30p now? Nice anyone here in igas btw?

[petersmith6] 11/8/2022 09:42

Indeed.. he wouldn't invest his own money if he was going to loose it.

[stockhunters] 11/8/2022 09:25

almost another £100k bought by director

quality maangement

[2prsimo] 11/8/2022 09:20

Another director getting behind the stock - 300k at 24.5p. Over 70k, not bad.

[petersmith6] 11/8/2022 09:08

Well we didn't tank so thats a good start...you thought there was going to be another 50 % rise

[stockhunters] 11/8/2022 08:13

few more days to clear this seller

[the donald] 11/8/2022 07:57

Delighted for you Billy. Let's see this close in the 30's today and carry on tomorrow.

[wahlberg] 11/8/2022 07:51

"I intended to ride the upside if market had not fairly priced.."And there we have it, the reason he keeps posting

[ashkv] 11/8/2022 07:35

I am here similar to popping up on COPL/EME on another forum a few months prior - while folks were going bananas over the so called mega find in Wyoming/mega prospect in China - to provide a tempering view...

When I was a newbie I found such advice to be immensely helpful as it helped provide a counterpoint to the often one way hype on share forums...

COPL rampers viciously attacked me similar to the rants from AET ramper loons Tazerface and Kevjones2 with their recent unhinged rants aimed at me...

Not equating AET with COPL or EME but an investment where the other side is presented and rationalized/internalized - and if thought through rejected is generally a positive - would you not agree?

I did my analysis on AET as I have been following it from the get go - my risk model is such that I prefer not to gamble and seek to curtail risks and where possible enter when upside is clear..

Similarly I was also providing objective view on EME prior to its dud well offshore China... Chariot Energy is an example of where I monitored and than entered - and I still find the investment case compelling...

I did my analysis on AET post its acquisition details yest as I intended to ride the upside if market had not fairly priced... maybe I am wrong but for a transaction in a less developed country with an iffy government which hasn't even closed yet I do believe the market has more than fairly priced the transaction..

Super happy folks made money on AET - and the acquisition is certainly not a dud...however, it is not a blockbuster acquisition with near term upside... 25-26p or thereabouts is a more than fair pricing... more so relative to other oiler... over time it should deleverage and equity increase... however this formula is not playing out for many oilers ENQ, HBR etc....

I prefer not to short unless a bankruptcy situation etc is imminent for example Xcite energy etc

[billy two cocks] 11/8/2022 07:21

ashkv

Market cap over £50m now so you should be able to short this with most CFD providers.

If you are so sure of your opinion............

[everready1] 11/8/2022 07:16

Your deramping won't affect the price if that's your agenda to seek a cheaper entry!

[everready1] 11/8/2022 07:14

so it begs the question why are you here!!! Move on and find better value elsewhere lol if you can! You won't because you are trying to convince yourself of the investment case and want reassurance on here. Do you really think you know better then the company insider who bought 820K recently or Malcy who i am sure knows more than you lol!

[ashkv] 11/8/2022 06:29

How is AET going to extract this upside potential when they are not the "operator" of the assets?? Some magic wand??

[ashkv] 11/8/2022 06:28

From AET RNS -> "Core 2P reserves valuation of c.$185 million1 with significant upside potential"

Above from AET CPR Deck with Brent at $98 for 2022 - which is above where it is trading at present.

The above NPV10 is prior to taxes and Admin costs etc - whereas at 26p Share price Enterprise Value is US$128million - AET is richly priced at current compared to most other E&P firms on AIM...

Also the team from Tullow is unproven - and Tullow itself is not a great place to make your record... look where the share price is relative to where it was...

Laughable that the AET crew is trying to equate themselves to Andrew Austin...

Transaction hasn't even closed and the valuation of AET with a less developed country asset is only 25-30% below management NPV10

Please check out Savannah Energy, TXP, Serica Energy, IOG, GKP, Energean, HBR, ENQ etc etc for far more compelling investments with far less risk and more assured upside...

[ashkv] 11/8/2022 06:15

Energy Voice article - even AET management conveying approval unlikely until late 2022

The second is for ministerial approval. Angola is due to hold presidential elections on August 24. Afentra expects political approval for the deal may come “realistically” in the fourth quarter, with McDade expressing the hope this would come sooner rather than later.

[billy two cocks] 10/8/2022 22:20

Massive one.

[petersmith6] 10/8/2022 20:53

What a pleasant surprise.. from 0.00 to 25..

[kevjones2] 10/8/2022 20:13

Thank you, everready1. Hope you got in early here but not too early!

P.S.

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