Genel Energy Share Discussion Threads

[newswseller] 30/3/2017 08:05

The gas assets have been tested for impairment as a result of a revision to the assumed date of project sanction and phasing together with updated cost estimates. The combination of these factors has resulted in both a reduction and delay in the timing of the cash flows associated with the asset and a consequent reduction in its carrying value. In addition, the estimate of the discount rate used for impairment testing of gas assets has increased from 12.5% to 15%. This increase reflects investor perception of a sustained increase in both Turkish and KRI risk given the continued political and financial uncertainty in both countries. The revised estimates and assumptions have resulted in an impairment expense of $581.3 million.

[newswseller] 30/3/2017 08:03

There's a $538m gas impairment in there...?

[mr roper] 30/3/2017 08:02

errr..the forthcoming gas impairment surely is a good reason not to hold?

[pineside] 30/3/2017 07:58

I'm not buying more but there is nothing in those results to make a holder (who didn't bail out earlier in the week) sell now.Where the price goes today, next week or next month is irrelevant to me really. Long term I'm more optimistic now than I was yesterday.

[alamaison5] 30/3/2017 07:57

LEK: Opening at 22p from 21p last night.

[d1nga] 30/3/2017 07:57

I say end the day at 64p

dash to gas on the cards , regular payments ongoing , bond buyback a positive step

wolves kept at bay for a while yet IMO

onwards and upwards

[newswseller] 30/3/2017 07:55

You can tell alot of the numpties posting on here haven't spent any time reading the report and have merely glanced at the headline numbers.. Not sure those short will get what they are expecting today

[alamaison5] 30/3/2017 07:54

GENL: No 50p to 55p for now...But why did people stayed in? This really puzzled me.

[blueball] 30/3/2017 07:53

24p is about right imo.

[jitters3] 30/3/2017 07:53

My short went well yesterday shame it was in my demo account wouldn't like to call it today

[alamaison5] 30/3/2017 07:53

LEK: As only good news for you in April. 2 more RNS expected. All good...

[nigelpm] 30/3/2017 07:53

Lots of folk mentioning this in the same breath as AFR and GKP - that is fundamentally flawed.

[stockriser] 30/3/2017 07:53

Carla - It's all about the gas lass!

[alamaison5] 30/3/2017 07:52

KARATE: I am a trader, not a loooong term investor. You've been told again and again.
Now deal with it...

[nigelpm] 30/3/2017 07:52

Slight up I'd wager

[nicksig] 30/3/2017 07:51

Will be interesting to see which way this goes this morning. Can't decide myself

[nigelpm] 30/3/2017 07:47

Halving of the balance sheet but lots of cash and purchasing of bonds no doubt at a lowish percentage of nominal value.

Remembering that market cap is a fraction of balance sheet equity value this might look cheap in a while.

[ny boy] 30/3/2017 07:45

Afren, the chart is terrible

[karateboy] 30/3/2017 07:45

Alamiason you are a sick man. If you have no holding here why waiting our time. You enjoy if company is in trouble, get very unset and play with your tail when company doing well. Good luck to you to recover from your sickness.

[alamaison5] 30/3/2017 07:44

I'll go for 24p! Does it remind you of someone?

[nicksig] 30/3/2017 07:43

Loss was due to impairments so hopefully they can move forward from here

[mpclag] 30/3/2017 07:43

Tha main thing is the company has stopped bleading money and preserving cash. Had been priced for bankruptcy so I see some uplift.

[carla1] 30/3/2017 07:42

43 p buy order in situ.. maybe to high ?