 Have read your blog on JKX and ENW. Very well written. Potential is surely there and your analysis is fair albeit more focused at the macro level. There is something to be said about the declining production of both but they have also somewhat reversed these declines with latest wells. For ENW we are still awaiting results of the latest SV 29 well but the rising cash pile for JKX and stable huge cash for ENW gives support to share price. There is also flip side to that especially on JKX as Capex has been reduced.
I also think that your assumed average HY21 gas prices are too low and are more likely to be around UAH 8,500-9000 for first 6 months so more like $320 rather than $230 as you assumed. Furthermore for the last 3 months you can easily assume almost double that at an average of UAH16,000 or whopping $600 for thousand m3.
Like you, I have invested in both at low prices when I saw that after initial Covid impact both JKX and ENW have stayed quite low and saw that as an opportunity (I am at ENW at 14.75 and JKX 19.7).
Can you have a go at projecting a revenue/profit for last 3 months for both ENW and JKX?
Thanks |
Guys, I love both Enwell and JKX
They are super undervalued, even with the natural gas prices of the first half. Now gas has skyrocketed! I have just posted an article. What do you think about my reasoning?
hxxps://en.investorblog.gr/enwell-jkx-undervalued-natural-gas-skyrocketing/ |
Looking for some interest here to bleed over from JKX, next week.There's always been a interesting contrast between two companies. |
Would have thought increase In European gas prices should have had a more positive effect on the sp |
Its now 30p which is excellent. What could be going on in the back ground I wonder. Could it be good news coming, buyers snapping up shares, or something else!! whatever it is lets hope the rise continues for long time suffering shareholders. |
Holding up well here |
Just need any HNW interest. Also JKX x 2 production ENW.Both have legacy negative sentiment after troubles in last years and recent low prices.? |
Gas prices have gone destination insanity to the upside in the Ukraine.
If continued we could have a super spike in ENW to way past 100p.
Production at record levels in early July update. Cash 63m which does not reflect the massive surge on gas prices since start July. Quoted prices for Sept are off the charts.
Could be some very happy shareholders in the months ahead. |
Good tight spreadThey are looking for shares |
Exactly OfficerDigby and that's why the price squeeze! |
Not many free shares to get that with! |
I have got a feeling that someone is building up a stake here!! |
Natural gas on the up again |
I emailed the CFO several months ago, one point raised was about dividends and the reply was there is no plan to start paying dividends and they wanted to fix/cleanup the share capital (who knows for what reason, they stated admin?). So I've given up on receiving divis unfortunately. I'm thinking/hoping that maybe Smart Energy will take it off AIM as they dont need the cash (no need for placings) so what is the point of them being on AIM? Maybe they will buy out remaining free float 13% at 45p. But yes its very frustrating watching the share price move so little especially when spot gas prices are at all time highs. Todays RNS was quite decent and expected a larger move on the share price, 25p is still massively under valuing the company. |
I agree with you vg2208. It seems that no matter how good the news is, the share price stays stale, falls, or just moves a little. Yes I believe a dividend payment would move it, as the company is also cash rich. I remember that there was a meeting held for the payment of a dividend but it was not guaranteed. Waiting and hoping..... |
Positive update just need the market to appreciate the progress made. I would like to see the payment of a small dividend to stimulate the share price. |
Chugging along nicely now .... |
50k buys coming now at 20p, can see this one moving up this summer back to 35-45p range. |
Taken a few here now that tensions are subsiding ... great entry opportunity |
The political situation on the Ukrainian border by Russia is a cause for concern. Fingers crossed it is just sabre rattling. |
for eternity. it did move upto £3 in 2008 when Shell were interested but now this is static share. I can't understand why anyone is exposed here, i pulled out a year ago and manage to reap rewards |
I believe that this will move up when they start paying dividends from the high amount of cash held, taking into account the reduction of capital news of 23.2.2021.
No good news seems to move it up ?? Lets hope they don't have bad news ?? How long does one have to wait ?? Isn't Sixteen Years long enough ?? |
Yes positive RNS - has no effect on SP |
Satisfactory news another producing well added. |
There is no interest due to small free float only 10%.The rest of this 10%, are very few shareholders with very small amount of shares.
So the price makes up and down with no sense.
Unfortunately this share has collided in the mud such a long time.
The remedy for this solution IMO is the increase of sharing in order to come more holders like Institutions,Fund etc. |
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