Caspian Sunrise Share Discussion Threads

[bloomberg2] 06/7/2020 17:40

Well said la

[dhb368] 06/7/2020 17:03

Dont care what shape it is but a recovery to 6p (where we will inevitably pause to let the traders out) is overdue.

[bloomberg2] 06/7/2020 16:43

V shape starting to kick in !! So might be opportunities developing ?

[dhb368] 06/7/2020 15:22

Sorry to hear that bloomberg. Unfortunately you wont be the last.

I have one client that furloughed 600 and is only bring back 100, the rest apparently not needed.
I think that some employers will have a rude awakening when they realise that the goodwill that meant an employee was prepared to do the work of two jobs for a few months to save the business will not be there long term to line the bosses pockets.

[bloomberg2] 06/7/2020 14:55

Iv been taken off Furlough and been sacked last week !! Can't complain 3 months watching Casp sink on 80% wages not all bad....

[xclusive2] 06/7/2020 13:24

PS, my point was, the recovery will be faster than the doomsters predict..

[xclusive2] 06/7/2020 13:20

A few sizeable trades going through and nice to see some blue on the board.

Oil trading c$43.50 and the market waiting to see latest data re supply/demand. Much that CV remains a huge threat, i believe we will get on top of it and people will realise that we can operate with this new virus. There will be casualties and consolidation but there will be opportunities and maybe the economic recovery is not the long 'U shaped' one that many predict.

Still wearing my rose tinted spectacles as i'm trading through this difficult period and i as a small business owner is looking for opportunity in H2. I have 70% of the business back and looking to bring the rest back in August, only 20% redundancy. It's been a really worthwhile process, looking closely at the business costs and realising that we can operate more efficiently and profitably with less heads. Implemented some automation which was long overdue and the team that is back is more focussed as they have more opportunity as many of our competition are still on Furlough. Made the decision to get people off the bench as they weren't match fit, their mental state not great and it's been the right move. If more employers do the same thing, the sooner the economy starts to kick in. We all need to go back to pubs, restaurants etc not avoid them, providing we can social distance effectively, to stay away is damaging our recovery.

I appreciate that many hard hit sectors like hospitality, travel etc are hurting but we all need to get our positive heads on get back to normal activities within reason. The longer we stay on the bench, the more unfit for work we become and the more redundancies will emerge.

One more thing. There are c 400 other businesses in the UK that do what i do. Many of them were/are keeping their teams Furloughed, still in stall mode BUT they are seeing that businesses like mine are back with the early bird syndrome. It won't be long for others to see that they also need to do the same and this behaviour will be replicated and the sooner the better.

Rant over.

[hallow] 06/7/2020 10:03

Get on with it Clive, why is everything taking you so long.

[dhb368] 05/7/2020 23:30

Interesting article on Japan's mysteriously low virus death rate

[dhb368] 05/7/2020 13:38

Rutter. I don't think the issue with casp has been unreasonable expectations from shareholders, it has always been unreliable information from the board. Until that changes the share price is always going to overreact to anything negative.

[rutter] 05/7/2020 12:09

Have to give CC the benefit of the doubt regarding the slowness of progress if CV is resurgent in Kas

[togglebrush] 04/7/2020 16:39

FWIW Kazakhstan first country to fully return to lockdown
'

[jimsyone] 04/7/2020 11:58

Goldman Sachs - Berenberg - Peel Hunt - Liberum - Cannaccord give the top fund managers picks

[maxim1999] 04/7/2020 11:27

I would settle for an up day. Elsewhere oil price generally in an up trend . Should continue to provide positive momentum / support. I think shareholder pressure in or around the AGM for the management to buy stock would provide a positive boost to the price . Any ideas how that pressure can be applied?

[xclusive2] 03/7/2020 10:25

It's one of the questions for this leadership team. They are directors of a listed company and about time they stopped freeloading and paid for a few tickets to show their confidence in their company. They expect PIs to invest based on their Investor Presentations so instead of drawing large salaries, transfer some of that cash into equity. Clive has 4p Options, time to take those up before 2021 expiry, especially if he thinks that he's sitting on something special or so he tells us.

[dhb368] 03/7/2020 10:22

1 bag will be enough for most now Hallow.

[sparusty] 03/7/2020 09:39

If Clive ever does buy any shares that will be the time to sell the car and buy more Casp.

[hallow] 03/7/2020 09:10

Down again, multi bagging to start any moment.

[rutter] 02/7/2020 16:02

I hope you guys will be putting some pertinent questions together for CC to answer at the AGM

[xclusive2] 02/7/2020 15:09

I'm amazed the share price is holding up. Much that volume is low, the flavour is red and disappointing.

I can only base investment decisions on what i can actually research. The Finals read ok to me and the highlights -;

Financial

Rev up 13%
Net assets up $62 million to $125 million
Loss narrowed from $8.5 to $1.4 million
$4 million more cash

Directors remuneration up by $215k yoy, Clive 89k, Kuat 48k and Tim as a new NED, $77, Edmund 19k and Satyl, not on the books -$20k. I'd like to understand more re the G&A costs reduction this year. I'd also like Tim and Clive especially to put skin in the game, Clive to take up his 4p Options, would send out a positive message especially as he's VERY well paid for a Chairman that's not delivered shareholder wealth ! He'll argue that he's doing the FD's job too but he also has other Director appointments that pay well. Clive, time to put skin in the game, take up your options and get down in the trenches with the PIs who by the looks of it are the only players absorbing Mr K's 58m allocation !

We all know the operational status and the going concern risks. Caspian can continue to operate @ $35 oil, $30 no operations but there aren't many small, mid sized companies that can unless they're cash rich but that won't last for long as can be seen in the market today.

MJF production is building and if i'm reading the numbers right, we should be at 2300 including Yelemes @ 300bopd plus 152 in Aug should take it to 2600bopd. Oil currently edging it's way closer to $43 that means Caspian are in operational mode unless they have other cash flow issues that prevent them moving forward.

Oil price future ? i can paint the bull and bear picture and our Mr Trump is the key ingredient for the Bear case ie demand destruction as a result of shocking CV19 strategy. Buying all the Remdesivir sums up the situation in an attempt to curtail the likely catastrophic number of deaths. California, Texas and Florida worst hit and they are the states that like to guzzle gas so any lockdown obviously hits demand.

Opec/Opec+ are playing the game and will have to extend cuts beyond August and take the short term pain until US sorts itself out. China demand will probably decline as they've been building their inventories buying cheap oil BUT we need the States to get with the program, they're the catalyst to push oil through $50.

Caspian on paper can survive @ $30 oil but the sooner it gets above $50 the faster the operational program accelerates and back to the timeline to complete the 24 shallows by end 2021.

I still maintain that share price is way too low and if it is Mr K who's been dumping, without his involvement we wouldn't be at 3p. PIs have obviously increased the free float if they've absorbed Mr K, 58m more in PI hands or the % of what's been sold already together with other longstanding holders like FK and DB.

I remain bullish untiL i see real reason not to be and the current facts that are known make this a buy.

Clive, take up your effin options @ 4p !

[hallow] 01/7/2020 09:47

Look's like the seller is back.

Well done Clive, for doing so little for such a very long time.

[dhb368] 30/6/2020 20:00

You still need to file a tax return to declare all of those lovely CASP profits and pay your CGT.

[hallow] 30/6/2020 18:04

Can someone remind me why I need a uk government gateway account when I am dealing in shares for pension and savings purposes.

[hallow] 30/6/2020 16:56

It's a great day to be a Caspian Sunrise shareholder.

Well done Clive.