Gulf Keystone Petroleum Share Discussion Threads

[2wakeywakey] 26/6/2018 07:14

TRM, the refinancing might be so over-subscribed for the new notes, that in the end they decide to take more than 100M in new debt - it is not beyond the realms of possibility...

[therealminotaur] 26/6/2018 07:09

They going to refinance the 100m currently has 10% interest rate

They having meeting with bond investors (fixed income investors) to get the best new rates.

It's a re-mortgage to be done at an improved interest rate.
I expect a reduction in interest to 7 % or better.

Saves them a few million a year - 10m a year currently interest cost 7m or less IMO when refinanced

[2wakeywakey] 26/6/2018 07:07

RNS - debt refinancing.....and so it begins :)

[martym] 26/6/2018 07:04

What does RNs mean

[therealminotaur] 26/6/2018 06:47

GOOD MORNING 😎😎😎😎8526;😎ԅ26;

The net debt to earnings before interest, taxes, depreciation, and amortization (EBITDA) ratio measures financial leverage and a company’s ability to pay off its debt. Essentially, the net debt to EBITDA ratio (debt/EBITDA) gives an indication as to how long a company would need to operate at its current level to pay off all its debt. The ratio is commonly used by credit rating agencies to determine the probability of a company defaulting on its debt.

To put some perspective on this McDonalds as at Dec 31 had a ratio of about 2.5. This accorded it a credit rating of BBB+

Because Gulf has a cash mountain and can’t stop adding 10-12m to it every month it’s ratio fir 2018 is negative -1.25!!! AAA++

Hence its a gold plated in terms of its credit rating to borrow from bond markets.Currently they have an outstanding bond $100m at 10%. Costs only 850k a month...and they generating 12-15 times that in free cash every month!They can support much higher debt levels AND at much lower interest.

However they don’t need more cash to grow the operations , they already have enough.

This is why when FD recently flagged ‘optimising the capital structure’ he will IMO look to use the huge power the companies cash generationto buy back equity.

Which will drive the market share price much higher as the market issue is concentrated.

will maximise the owners profits.NOW RETAIL LONG SINCE DRIVEN OUT THE owners being 92% ++or so big banks/instis or whoever they holding stock for.



HOLD - FILL YER BOOTS - JUST LIKE THE BIG BOYS HAVE DONE ALREADY

[therealminotaur] 25/6/2018 19:36

😂😂😂
BIGDOG IS A THICK YANK. Employed to batter sentiment 24/7 US eastern time😂㈳4;😂
He is constantly here closing in on 22,000 postings because Gulf equity is worth a fortune in a trade sale.
THAT SALE IS IMMINENT.BUY AS MANY AS YOU CAN AS SOON AS YOU CAN ----SENTIMENT BASHERS ARE ACROSS ALL GKP FORUMS - they are A HUGE BUY SIGNAL!!!





💵💵💵💵. In the annual report in April the FD flagged he would look to optimise the company’s capital structure . Clearly it’s distorted. Hugely net cash positive and every month the cash pile grows.
Why do companies repurchase stocks?There are four strong arguments in favour of buybacks,

The first point is that if a company is generating surplus cash, it can return it to shareholders and let them decide what to do with it.

Secondly, buybacks can work for investors depending whether they prefer to be taxed on a capital gain (buyback) or dividend (income).
The third ‘pro’ is that investors who choose to retain their shares during a buyback programme will have an enhanced stake in the company and thus be entitled to a bigger share of future dividends, assuming the payout is maintained.

Fourthly, buybacks imply a management team feels a company’s shares are undervalued. Buyback announcements often act as a positive share price catalyst, as they are viewed as a vote of confidence in a company’s near and long-term trading prospects.

This company has MASSIVE free cash INCOME !!!

Nostrum Oil borrowed $400m at 7% earlier this year.$28m per annum to finance $400m SO JUST AN EXAMPLE OF WHAT THEY COULD DO:
Gulf a far better lending covenant so lesser interest rate IMO!
So why not borrow $600m at 6% raise $600m and BUYBACK HALF THE COMPANY AT SAY 115m shares @ £4 a share? Only cost them $36m a year from their $160 m EBITDA - next year that will be $200m …

In my view expect the opposite of the massively dilutive d for e of July 2016

Expect an equity concentration of some form ( lots possible )that will send the stock 🚀🚀🚀🚀8640;

Then IMO expect a TAKEOVER as this pre sale concentration will maximise the owners profits.NOW RETAIL LONG SINCE DRIVEN OUT THE owners being 92% or so big banks/instis or whoever they holding stock for.




BIGDOG IS A THICK YANK. Employed to batter sentiment 24/7 US eastern time😂㈳4;😂
He is constantly here closing in on 22,000 postings because Gulf equity is worth a fortune in a trade sale.
THAT SALE IS IMMINENT.BUY AS MANY AS YOU CAN AS SOON AS YOU CAN ----SENTIMENT BASHERS ARE ACROSS ALL GKP FORUMS - they are A HUGE BUY SIGNAL!!!


😂😂😂
BIGDOG IS A THICK YANK. Employed to batter sentiment 24/7 US eastern time😂㈳4;😂
He is constantly here closing in on 22,000 postings because Gulf equity is worth a fortune in a trade sale.
THAT SALE IS IMMINENT.BUY AS MANY AS YOU CAN AS SOON AS YOU CAN ----SENTIMENT BASHERS ARE ACROSS ALL GKP FORUMS - they are A HUGE BUY SIGNAL!!!





💵💵💵💵. In the annual report in April the FD flagged he would look to optimise the company’s capital structure . Clearly it’s distorted. Hugely net cash positive and every month the cash pile grows.
Why do companies repurchase stocks?There are four strong arguments in favour of buybacks,

The first point is that if a company is generating surplus cash, it can return it to shareholders and let them decide what to do with it.

Secondly, buybacks can work for investors depending whether they prefer to be taxed on a capital gain (buyback) or dividend (income).
The third ‘pro’ is that investors who choose to retain their shares during a buyback programme will have an enhanced stake in the company and thus be entitled to a bigger share of future dividends, assuming the payout is maintained.

Fourthly, buybacks imply a management team feels a company’s shares are undervalued. Buyback announcements often act as a positive share price catalyst, as they are viewed as a vote of confidence in a company’s near and long-term trading prospects.

This company has MASSIVE free cash INCOME !!!

Nostrum Oil borrowed $400m at 7% earlier this year.$28m per annum to finance $400m SO JUST AN EXAMPLE OF WHAT THEY COULD DO:
Gulf a far better lending covenant so lesser interest rate IMO!
So why not borrow $600m at 6% raise $600m and BUYBACK HALF THE COMPANY AT SAY 115m shares @ £4 a share? Only cost them $36m a year from their $160 m EBITDA - next year that will be $200m …

In my view expect the opposite of the massively dilutive d for e of July 2016

Expect an equity concentration of some form ( lots possible )that will send the stock 🚀🚀🚀🚀8640;

Then IMO expect a TAKEOVER as this pre sale concentration will maximise the owners profits.NOW RETAIL LONG SINCE DRIVEN OUT THE owners being 92% or so big banks/instis or whoever they holding stock for.




BIGDOG IS A THICK YANK. Employed to batter sentiment 24/7 US eastern time😂㈳4;😂
He is constantly here closing in on 22,000 postings because Gulf equity is worth a fortune in a trade sale.
THAT SALE IS IMMINENT.BUY AS MANY AS YOU CAN AS SOON AS YOU CAN ----SENTIMENT BASHERS ARE ACROSS ALL GKP FORUMS - they are A HUGE BUY SIGNAL!!!

[therealminotaur] 25/6/2018 19:33

😂😂😂
BIGDOG IS A THICK YANK. Employed to batter sentiment 24/7 US eastern time😂㈳4;😂
He is constantly here closing in on 22,000 postings because Gulf equity is worth a fortune in a trade sale.
THAT SALE IS IMMINENT.BUY AS MANY AS YOU CAN AS SOON AS YOU CAN ----SENTIMENT BASHERS ARE ACROSS ALL GKP FORUMS - they are A HUGE BUY SIGNAL!!!





💵💵💵💵. In the annual report in April the FD flagged he would look to optimise the company’s capital structure . Clearly it’s distorted. Hugely net cash positive and every month the cash pile grows.
Why do companies repurchase stocks?There are four strong arguments in favour of buybacks,

The first point is that if a company is generating surplus cash, it can return it to shareholders and let them decide what to do with it.

Secondly, buybacks can work for investors depending whether they prefer to be taxed on a capital gain (buyback) or dividend (income).
The third ‘pro’ is that investors who choose to retain their shares during a buyback programme will have an enhanced stake in the company and thus be entitled to a bigger share of future dividends, assuming the payout is maintained.

Fourthly, buybacks imply a management team feels a company’s shares are undervalued. Buyback announcements often act as a positive share price catalyst, as they are viewed as a vote of confidence in a company’s near and long-term trading prospects.

This company has MASSIVE free cash INCOME !!!

Nostrum Oil borrowed $400m at 7% earlier this year.$28m per annum to finance $400m SO JUST AN EXAMPLE OF WHAT THEY COULD DO:
Gulf a far better lending covenant so lesser interest rate IMO!
So why not borrow $600m at 6% raise $600m and BUYBACK HALF THE COMPANY AT SAY 115m shares @ £4 a share? Only cost them $36m a year from their $160 m EBITDA - next year that will be $200m …

In my view expect the opposite of the massively dilutive d for e of July 2016

Expect an equity concentration of some form ( lots possible )that will send the stock 🚀🚀🚀🚀8640;

Then IMO expect a TAKEOVER as this pre sale concentration will maximise the owners profits.NOW RETAIL LONG SINCE DRIVEN OUT THE owners being 92% or so big banks/instis or whoever they holding stock for.




BIGDOG IS A THICK YANK. Employed to batter sentiment 24/7 US eastern time😂㈳4;😂
He is constantly here closing in on 22,000 postings because Gulf equity is worth a fortune in a trade sale.
THAT SALE IS IMMINENT.BUY AS MANY AS YOU CAN AS SOON AS YOU CAN ----SENTIMENT BASHERS ARE ACROSS ALL GKP FORUMS - they are A HUGE BUY SIGNAL!!!

[bigdog5] 25/6/2018 19:29

A first post from bantercity? Has sarahgibbs been recruiting again?

So predictable and yet another PPF plant or Stockport affiliated member?

[therealminotaur] 25/6/2018 19:26

😂😂😂😂BIGDOG IS A THICK YANK. Employed to batter sentiment 24/7 US eastern time😂㈳4;😂
He is constantly here closing in on 22,000 postings because Gulf equity is worth a fortune in a trade sale.
THAT SALE IS IMMINENT.BUY AS MANY AS YOU CAN AS SOON AS YOU CAN ----SENTIMENT BASHERS ARE ACROSS ALL GKP FORUMS - they are A HUGE BUY SIGNAL!!!

[bigdog5] 25/6/2018 19:24

Do you mean the famous sami mack report that puts a number on all the oil in Koruptistan that isn't much higher than what is alleged to be at the jewel? Which would mean that all the other producing oil companies have not very much? Then of course there's another report on the web that rather supported the same view.

So looking forward to the next CPR. Which decade will it arrive?

What a surprise, a gas issue to fix? Looks a lot of work and likely to be real costly. Has it been "lost" in the "debottlenecking"?

[therealminotaur] 25/6/2018 17:05

Pinks at £2.44 equivalent albeit trivial volumes

[therealminotaur] 25/6/2018 16:42

💵💵💵💵. In the annual report in April the FD flagged he would look to optimise the company’s capital structure . Clearly it’s distorted. Hugely net cash positive and every month the cash pile grows.
Why do companies repurchase stocks?There are four strong arguments in favour of buybacks,

The first point is that if a company is generating surplus cash, it can return it to shareholders and let them decide what to do with it.

Secondly, buybacks can work for investors depending whether they prefer to be taxed on a capital gain (buyback) or dividend (income).
The third ‘pro’ is that investors who choose to retain their shares during a buyback programme will have an enhanced stake in the company and thus be entitled to a bigger share of future dividends, assuming the payout is maintained.

Fourthly, buybacks imply a management team feels a company’s shares are undervalued. Buyback announcements often act as a positive share price catalyst, as they are viewed as a vote of confidence in a company’s near and long-term trading prospects.

This company has MASSIVE free cash INCOME !!!

Nostrum Oil borrowed $400m at 7% earlier this year.$28m per annum to finance $400m SO JUST AN EXAMPLE OF WHAT THEY COULD DO:
Gulf a far better lending covenant so lesser interest rate IMO!
So why not borrow $600m at 6% raise $600m and BUYBACK HALF THE COMPANY AT SAY 115m shares @ £4 a share? Only cost them $36m a year from their $160 m EBITDA - next year that will be $200m …

In my view expect the opposite of the massively dilutive d for e of July 2016

Expect an equity concentration of some form ( lots possible )that will send the stock 🚀🚀🚀🚀8640;

Then IMO expect a TAKEOVER as this pre sale concentration will maximise the owners profits.NOW RETAIL LONG SINCE DRIVEN OUT THE owners being 92% or so big banks/instis or whoever they holding stock for.

[oilcaninthemist] 25/6/2018 15:27

@ nestoframpers #567262

Nest it is indeed all coming out ....



hopefully the time is coming for Win/Win solutions, away from geopolitics

[tess_tickle] 25/6/2018 15:23

2.39 pence

FOR 100 TO 1 DILUTEES

[gkphero] 25/6/2018 15:08

Current share price = £2.39p

GKP is an easy hold and will be a mega bagger.
The city are all loaded up and ready to go. So are we.

[therealminotaur] 25/6/2018 14:56

He's mentally ill - so let's hope he finds help soon.
Best filtered IMO

Like me😎😎😎😎

[da1959] 25/6/2018 14:53

Why don't you post it up OM63. Together with the RS report only you have seen. You talk a good game but offer nothing. Till an RNS, then you say told you so. Which by the way you never did. Woolies window, remember. Do a Big Puppy. Sell your shares as you obviously think this company is nothing but a disaster and a pack of lies. Tiresome to say the least.

[therealminotaur] 25/6/2018 14:48

🍾🍾🍾🍾7870;🚀Ԇ40;🚀🚀;In the annual report in April the FD flagged he would look to optimise the company’s capital structure . Clearly it’s distorted. Hugely net cash positive and every month the cash pile grows.

Why do companies repurchase stocks?

There are four strong arguments in favour of buybacks, which have played a part in the elongated bull markets on both sides of the Atlantic. The first posits that if a company is generating surplus cash, it can return it to shareholders and let them decide what to do with it, rather than squander funds on a risky acquisition or capacity increases or run an inefficient balance sheet with any cash balance earning scant return at low interest rates.

Secondly, buybacks can work for investors depending on their tax situation, and whether they prefer to be taxed on a capital gain (buyback) or dividend (income). The third ‘pro’ is that investors who choose to retain their shares during a buyback programme will have an enhanced stake in the company and thus be entitled to a bigger share of future dividends, assuming the payout is maintained.

Fourthly, buybacks imply a management team feels a company’s shares are undervalued. Buyback announcements often act as a positive share price catalyst, as they are viewed as a vote of confidence in a company’s near and long-term trading prospects.
The company has MASSIVE free cash INCOME !!!
BOND INVESTORS WILL TRAMPLE OVER EACH OTHER TO LEND THEM NEW CASH FOR ANY GROWTH PLANS.

Special divi? SHARE BUYBACK?? The latter IMO

Nostrum Oil borrowed $400m at 7% earlier this year.$28m per annum to finance $400m
SO JUST AN EXAMPLE OF WHAT THEY COULD DO:
Gulf a far better lending covenant so lesser interest rate IMO!
So why not borrow $600m at 6% raise $600m and BUYBACK HALF THE COMPANY AT SAY 115m shares @ £4 a share? Only cost them $36m a year from their $160 m EBITDA - next year that will be $200m …

In my view Expect the opposite of the massively dilutive d for e of July 2016

Expect an equity concentration of some format ( lots possible )that will send the stock :rocket::rocket::rocket:

Then IMO expect a TAKEOVER as this pre sale concentration will maximise the owners profits.NOW RETAIL LONG SINCE DRIVEN OUT THE owners being 92% or so big banks/instis or whoever they holding stock for.

[therealminotaur] 25/6/2018 14:47

All the best

[oilman63] 25/6/2018 14:44

You know exactly what I'm on about.

Doesn't it suit your ramptastic posting.