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GKP Gulf Keystone Petroleum Ltd

3.30 (2.46%)
20 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Keystone Petroleum Ltd LSE:GKP London Ordinary Share BMG4209G2077 COM SHS USD1.00 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  3.30 2.46% 137.30 1,578,248 16:35:02
Bid Price Offer Price High Price Low Price Open Price
136.70 137.00 137.50 132.50 134.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD 123.51M USD -11.5M USD -0.0517 -26.50 304.75M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:02 UT 116,774 137.30 GBX

Gulf Keystone Petroleum (GKP) Latest News (1)

Gulf Keystone Petroleum (GKP) Discussions and Chat

Gulf Keystone Petroleum (GKP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-05-20 15:35:02137.30116,774160,330.70UT
2024-05-20 15:29:59136.902,1872,993.95O
2024-05-20 15:29:56137.00218298.66AT
2024-05-20 15:29:56137.00453620.61AT
2024-05-20 15:29:56137.00257352.09AT

Gulf Keystone Petroleum (GKP) Top Chat Posts

Top Posts
Posted at 20/5/2024 14:08 by redbed
#gkp #gkptakeover Buyback details ( will update as it progresses) This has to date concentrated capital ( and profits for remaining holders at takeover) 0.313% share price has climbed 13.8% since start. Corporate TACTICS too drive value / drive bids BTW 😎.
Posted at 20/5/2024 11:10 by worldquant
#gkp #gkptakeover Buyback details ( will update as it progresses) This has to date concentrated capital ( and profits for remaining holders at takeover) 0.313% share price has climbed 13.8% since start. Corporate TACTICS too drive value / drive bids BTW 😎

Posted at 19/5/2024 08:14 by beernut1
Tyson Olecsandr fight took second stage to Iraq parliament speaker brawl.

From Lse


A delegation from the KRG engage spent 3 days in Iraq in discussions regarding revisions to the Iraqi budget law and to address matters concerning the Kurdistan Region’s allocation for the fiscal year 2024.

“ The session, which was attended by several Iraqi ministers, including the Oil Minister Hayyan Abdul Ghani, addressed various special affairs concerning the Kurdistan Region, particularly focusing on the issues surrounding Kurdistan’s oil ”

Yes it’s the same oil minister who in December promised that a deal will be signed in 3 days with Erbil 😂


Iraqi cabinet to hold "extraordinary" session Sunday to discuss 2024 budget


“ The budget mandates a fixed price of $70 per barrel of oil and an exchange rate of 1300 dinars per US dollar for three years.

Iraq's oil export target is set at 3.5 million bpd, including 400,000 bpd from the Kurdistan Region. ”

As usual this is Iraq so nothing can be taken for granted all parties seem to be making the right noise. IMO President of Kurdistan trip to Iran I think may have been the deal maker as anti KRG noise in Iraq has reduced.


GKP share price £2 😂

ATB to all shareholders and have a nice weekend.
Posted at 18/5/2024 16:14 by bobgray51
Yes if a company chooses to buy all of their own shares then this is defence tactic. Which is I believe what happened in the example you cited. That clearly isn't happening here. Either way, I don't pretend to know everything, and frankly there is no point arguing with someone who spams the board constantly with takeover and share price to the moon predictions that never materialise. A part of me is in admiration that you can keep it going on such a constant basis.Shortsqueezer, the share price rise is multifactorial, but it's likely related to fact that the majority of people recognise that this is a sensible move by management and demonstrates good leadership. It also underpins the price for a while, so less risk of big drops. Also the company results show it as producing 7 million free cash flow per month with no debt. The share buyback is part of the rise, but there are lots of other positives to want to buy into the company right now. Hopefully this continues.
Posted at 18/5/2024 12:10 by r9505571
Gulf Keystone Petroleum Limited (LSE:GKP) commences share repurchases on May 16, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 16, 2023. As per the mandate, the company is authorized to repurchase up to 22,244,365 shares, representing 10% of its issued share capital. The minimum price, exclusive of expenses, which may be paid, is the nominal value per share. The maximum price which may be paid for any such ordinary share is the higher of 5% above the average of the middle market quotations for the ordinary shares in the company as derived from the London Stock Exchange Daily Official List for the 5 business days immediately preceding the date on which such ordinary shares are contracted to be purchased and the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange Daily Official List at the time the purchase is carried out. The repurchased shares will be held as treasury shares. The plan will be valid up to the conclusion of the next Annual General Meeting of the company in 2024. As on May 18, 2023, the company had 222,443,655 shares in issue and no shares in its treasury. On May 13, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares pursuant to the contract with Peel Hunt LLP and Canaccord Genuity Limited. The repurchased shares will be cancelled. The repurchases program will commence immediately and run to the earlier of its completion or the Company's 2024 Annual General Meeting on 21 June 2024.
Posted at 17/5/2024 12:19 by steephill cove
IMHO:-The share buy back supports the GKP share price from a flash crash before the hostile bid goes in 💪

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🕰️ 203;
Posted at 17/5/2024 12:16 by steephill cove
They will want to hostile bid BEFORE the ITP opens because after means that Iraq will have acknowledged & legitimised ALL Kurdistan IOCs ✅

The GKP share price will go through the roof on the ITP reopening 📈

Why would a hostile bid AFTER when it would cost them MORE? 🤷‍a94;️
Posted at 17/5/2024 12:00 by bobgray51
Buybacks and dividends amount to the same thing. They both return value to the shareholder. In buybacks this is by reducing the number of total shares in circulation, and therefore the denominator that the company is valued by. Further, if the company share price is undervalued (as GKP currently is) then buybacks make much more sense than a dividend payment. It's a very sensible move by management. When the share price goes up when the pipeline opens, the relative value returned to the shareholder through the buyback will be much greater than a 4p dividend.
Posted at 15/5/2024 11:01 by stevensupertrader
Don’t be carried away by the upward price movement of GKP, as the shares buyback is just managed to do the trick however one can see share price will fall back - nothing has changed except the announcement of the shares buyback support is temporarily stopping the share price from falling back to £1.10 imo
Posted at 15/5/2024 07:45 by worldquant
#gkp #gkptakeoverDay 2 " up to $10m buyback program " in 2 days sent share price up 13% so far.But no shares bought ?yet , masterstroke of corporate skullduggery.It's the threat of buying that is moving those in the shadows to do the bidding up for them.Showtime before end May.
Gulf Keystone Petroleum share price data is direct from the London Stock Exchange

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