Jkx Oil & Gas Share Discussion Threads

[sporazene2] 24/10/2012 14:39

falklands, undervalued but newsflow over the next 6-8 weeks is not strong. Next production update will be in march. there is teh frac test sometime in Q4, but thats about it

[falklands] 24/10/2012 14:21

Difficult to call this one as posters say undervalued but could argue that at the start of the year i see no reason from my experience to say it will not drop to 85m market cap before it bottoms.

all depends on news and confirming production however as highlighted they have alot to answer and for posters holding this for the past few years you must be wanting to fire the lot at next agm.

[brucie5] 24/10/2012 13:43

Expecting a triple bottom at the very least - ie. if it's not to go further down.. But a triple bottom would be good.

[mallorca 9] 24/10/2012 07:01

Morning all.

[mallorca 9] 23/10/2012 18:38

Bought in today.

Mrs Mallorca is very pleased.

[g8ta] 23/10/2012 17:42

You are correct, sporazene2, in the interim presentation it shows only $2-58 per Mcf (thousand cubic feet) for Russia, $12-08 for Ukraine and $13-10 for Hungary.

Still, at maximum output of 40 MMcfd (million cubic feet per day),the Russian plant should add around $37.6 million to revenue, all going well.

[sporazene2] 23/10/2012 16:43

plus the new gas is being sold on the russian domestic market as i recall, not sure what price they are getting for it, but i doubt the $10 they are getting in Ukraine

[salpara111] 23/10/2012 16:42

Well, if they actually make it back to 10k production in Q4 then cash flow should improve substantially, having said that I will believe it when I see it given their poor record of production forecasting.

[g8ta] 23/10/2012 13:39

Hopefully dividends will resume next year now that the Koshekhablskoye field is up and running. Just need to pay off Credit Suisse debt and find a long term creditor for development. I'm sure the seven major shareholders, and CE Paul Davies with 3.6m shares, will be pushing for a resumption. It would give the share price a nice kick upwards.

[brucie5] 23/10/2012 09:54

Looking over the record of earnings at d.look I make the following calculations of PES since 2007:

Median: 6.3
Mean 7.4.
Current 3.3.

But no dividend since 2011 reflecting concerns over cash flow.

[deanroberthunt] 22/10/2012 13:07

doesn't help that there's little newsflow from the company to support the share price

[joestalin] 22/10/2012 13:02

It is undervalued whichever way you measure it. I think the next few months are going to be a stakebuilding opportunity.

[deanroberthunt] 22/10/2012 08:53

this is on a very undemanding per of just over 3....

[2bung] 19/10/2012 16:19

I suspect they'll tick it down again in the auction

[deanroberthunt] 19/10/2012 14:29

it'll take more than a £32k buy to shift this....

[2bung] 19/10/2012 14:20

What are the other 2 you are looking at Salpara?

g8, I agree, think we must surely be at the bottom, although my average is about £1

[salpara111] 19/10/2012 14:05

Sorely tempted to set a limit order for 78.5 and see if it gets executed, the only problem I have is that I have been holding money back for two other plays which are both due to report in the next 10 days, if they are positive then I am inclined to go with them instead.
Still think that the 80 line will provide support here but not so confident that there is a new uptrend in place.

[g8ta] 19/10/2012 14:01

2Bung- I see the stock on loan graph you posted is actually live. Pity it is not with the share price graphs in the header. I take it that about 25% is on loan. With the recent good news, there can't be much more the shorters can gain from this. It is the Financial Director's hubby buying in, no less. Somehow seems better.

[2bung] 19/10/2012 12:20

Yep, let's hope a few more do the same.

[professor x] 19/10/2012 11:51

Nice to see another director buying. A pretty decent amount as well.

[2bung] 19/10/2012 11:50

Let;s hope we get a takeover here, seems like the only way this will get back to realistic levels.

[2bung] 18/10/2012 16:43

They knock it down every day in the auction as well.
Company needs to update market regularly to stop the shorters.

Stock on loan.

[xorex] 18/10/2012 11:48

Hi, I see the low share price partly as a reflection of the credibility of historical company announcements. In recent years JKX said it was going to do this, that and the other by certain dates, but these events never happened on time or on budget. There was always some excuse or other, for an overrun. The market will accept the odd hiccup as this is reasonable. However the trouble with JKX at the moment is that no one believes them when they say that whatever will happen by a particular date, will actually happen. If however a few of their future plans actually materialise on time, investors will slowly start to be reassured and the confidence will build up again.
JKX used to be a well managed and cash rich company, but went from a £50M surplus to being in debt, by not making the right critical decisions over the last few years. Yes, the P/E ratio is fantastic and the company is as cheap as chips, but does the board have any credibility? A great amount hinges on the Russian developments as the tax regime in the Ukraine is now extortionate. However, this development must be credible and transparent for me to regain confidence.
The test for me is; in future, will the company's plans materialise on time and in budget. Also, if things are going wrong I don't want to wait months before I find out.