Amerisur Resources Share Discussion Threads

[xxnjr] 05/8/2019 10:14

Hermes just added 2.6m @ 18.28p

[quidnunc] 05/8/2019 10:07

Ffs AshkvStop with the Caps. It's irritating and adds nothing to your pov.Q

[ashkv] 05/8/2019 10:06

RNS Out Hermes Management adding Big 2,597,368 at 18.28p

Now own 15,769,365 or 1.2974% of Amerisur equity :) :)

Lets get to 30p+ soon please :)

[ashkv] 05/8/2019 09:57

Rosanan ally XNJR throwing in a silly comparable - can't really compare as a large gas producer, in a dictatorship, HUGE DEBT - relative to production/revenue/etc makes Premier, Enquest etc look like they are low debt.

Ignore - and not waste time. NO SALE IF $$$$ NOT ADEQUATE - FINALLY WE ARE REACHING COUNTDOWN PHASE FOR TAKE OFF & MOON SHOT!!!!

[kaos3] 05/8/2019 09:48

charlieee - yes and no.

many Cos were selling for cash only - all the assets for free - in the history -Benjamin Graham etc. on the per partes basis

Logically you are right but in practice there could be quite a difference - without reason.

I still think that we would get more out of cash + assets then combined in the mix.

A TO entity would get 4 main parts:

cash
hidden gems (fill the blanks ___)
recognized exploration potential
current production

the more current BOD realizes ASAP the more we get out of it.
Cash is easiest.

[avsome1968] 05/8/2019 09:38

Nog

operational


-- H1 2019 average production after treatment of 31,096 boepd
-- H1 2019 average sales volumes of 29,210 boepd
-- Drilling of wells 41 and 42 completed, with testing ongoing
Financial
-- H1 2019 revenues expected to be in excess of US$174 million (H1 2018: US$191 million)
-- H1 2019 cash position in excess of US$120 million (Q1 2019: US$75.7 million)
-- Total debt expected not to exceed US$1,133 million and net debt expected not to exceed US$1,013 million as at 30 June 2019

[tyler durden1] 05/8/2019 09:07

With both Ironveld and Amerisur up for sale it suggests the common denominator is Michinoko

Its my opinion that its likely they are likely the major shareholder referred to by the prospective bidder.

[xxnjr] 05/8/2019 08:40

Hadn't realised before, but we are not the only E&P in a FSP


Main difference afaics, was that N hadn't received any outside approaches b4 FSP announced. N has a lot(!) of debt and operates in Kazakhstan. Their share price didn't get a bounce.

[charlieeee] 05/8/2019 08:16

Kaos

The cash/debtors/inventory are the easiest part of the company to calculate in a sale and we will get book value.

[ashkv] 05/8/2019 07:08

Good to see others get on the bandwagon in calling out paid troll Rosanan :)

Equity raise by Amerisur management at 25p in 2016 when Brent at multi-decade lows - selling in the vicinity of the same would be an admission of abject management failure / incompetence.

dayway123
4 Aug '19 - 22:02 - 22543 of 22547
0 2 0
rossannan I’d love to hear how much your employer paid you to write this rubbish, much more than 25p I guess.

charlieeee
4 Aug '19 - 23:37 - 22545 of 22547
0 2 0
Most of us who have been around for a while can smell the stench of an agenda driven poster: one of the hallmarks is repetition.

If it was just your opinion, we have all already heard it multiple times already and it becomes as boring as that old drunk in the bar who embarks on the same story yet again.

Apart from anything else, it is quite clear that this may be a sale of the parts and thus true comparisons need to be of those companies which have been sold piecemeal (and not in distressed circumstances).

The complexity of the valuation here is that it can be broken up into bite sized, affordable chunks and partners and neighbors provide competition re each component (before looking at the wild cards such as M & P and the private equity contenders).

Really good propositions, such as Petrolatina command excellent prices in Colombia and our sale of CPO-5 will be in that league: LL34 has been a company maker for those concerned and they will clearly want to extend that success on down south west into CPO-5.

[kaos3] 05/8/2019 06:29

speaking of value - what bothers me is - they are selling our cash in the package. imo cash (at least some in a special divi) should be given to us and then the assets should be (part)sold.

as otherwise the whole extracted value of the sold assets would be much less.

can not be done easily but the point remains.

[kaos3] 05/8/2019 06:26

I did mention 25p first due to the three legs up of cca 5p - according to the TA
Martin came to it too - as a first objective - due to the TA
Ross came to it as it is cca 100 % premium

non of it has anything to do with AMERs value !!

but there is something to it.

[charlieeee] 04/8/2019 23:37

Most of us who have been around for a while can smell the stench of an agenda driven poster: one of the hallmarks is repetition.

If it was just your opinion, we have all already heard it multiple times already and it becomes as boring as that old drunk in the bar who embarks on the same story yet again.

Apart from anything else, it is quite clear that this may be a sale of the parts and thus true comparisons need to be of those companies which have been sold piecemeal (and not in distressed circumstances).

The complexity of the valuation here is that it can be broken up into bite sized, affordable chunks and partners and neighbors provide competition re each component (before looking at the wild cards such as M & P and the private equity contenders).

Really good propositions, such as Petrolatina command excellent prices in Colombia and our sale of CPO-5 will be in that league: LL34 has been a company maker for those concerned and they will clearly want to extend that success on down south west into CPO-5.

[dayway123] 04/8/2019 22:02

rossannan I’d love to hear how much your employer paid you to write this rubbish, much more than 25p I guess.

[bountyhunter] 04/8/2019 21:02

No problem Andrew, I had to think back carefully on that one! I do hold a few IOG still awaiting the result of the Harvey drill which has a 63% chance of success so could come good if that comes in.

[bountyhunter] 04/8/2019 20:26

It' doesn't and it's not, from a market cap point of view all IOG have done is convert debt to equity hence larger market cap but less debt. As you say the share price is currently just under the offer price (19p to sell on Friday vs 20p offer price some time ago now) so actually based on that shareholders would-be slightly better off today if the offer had been accepted and also would have had the 20p per share cash in their accounts for a while now.

[bbtablet] 04/8/2019 19:56

Andrew - your comments about IOG:

The Board were offered 20p per share by RRE and dismissed it out of hand.

Today's share price is 19.25p per share.

I don't think this supports your argument of being worth 2.5 times the original rejected offer?

[underhill2] 04/8/2019 19:34

Yes I understand your comments but some investors here would rather have some decent cash now than a larger amout of cash in a few years time. For some of us we have alre dy been invested here for a long time so we all have different requirements

[leas1] 04/8/2019 18:02

rossannan, I respect your opinion and can see how you arrive at that figure. Would you be disappointed if the company was sold in its entirety for 25p.
You seem fixed with that price and take every opportunity to state it. If that is your view then I would guess you would be happy to sell in the 22/23p range to protect your profit knowing that anything above that will only be circa 10%.
Putting valuations to one side, there are 2 variable changing fundamentals favouring any buyer(s) One being the PoO and the other being currency.
I posted a news article on Oil Futures last year which made interesting reading. The first was about shale oil and the second was on Saudi Spending Plans. They need Oil to be above $85.
Whatever analysts predict Oil is going to be robust going into 2020.
Also, investment is returning to Colombia as confidence grows as stability is deteriorating in other countries.
I think all the regular posters on this bb and lse know your views and wish you all the best with your other investments.