Jkx Oil & Gas Share Discussion Threads

[researchcentre123] 25/5/2021 10:10

RE TEK I never liked the look of a tiny company paying a huge salary to MD and where "assets" and "profits" just depend not on cash etc but a subjective opinion. Still good luck if you can do well with it

[mick1909] 25/5/2021 08:48

If you want to diversity your portfolio have a look at TEK they have a mcap approx £20 mil and have 4 Company's 1 of them will float on aim friday for approx £50 mil mcap which TEK own 15% the other 3 companies have huge potential

[maqsood7] 24/5/2021 22:30

Yes,drilling news should be coming here in near future as russia has step back and things are more stable in the region now.If not then quarterly update is a month and a half away??!!

[its the oxman] 24/5/2021 11:08

Agree it's way too cheap. Expect a big spike up at some point, maybe just need a tiny bit of news to trigger it.

[maqsood7] 19/5/2021 13:56

Agreed.At the end of the next quarter if share price remains unchanged then our mcap will be below the company's cash position??!!UNDERVALUED!!!!!!!!

[researchcentre123] 18/5/2021 12:43

Yes a pe ratio of 2.7....dont see many other shares that cheap. Admittedly there's a extraordinary item included but with current gas and oil prices it seems likely profits should be higher even without the extraordinary item as the year progresses.

[maqsood7] 18/5/2021 10:52

Oul is touching 70$ and this will bring significant increase in value here.Just waiting game as we all know that things are getting better all round.Russians have withdrawn the troops was biggest positive here.Market will wake up to this sooner or later.Now no room to go down and so only way is UPPPPPP!Dyor.

[mick1909] 18/5/2021 10:44

Gas has rocketed the last couple of days usually has a positive effect in jkx as it is correlated to profits this share is is well out of love for some reason

[researchcentre123] 15/5/2021 07:23

https://simplywall.st/stocks/gb/energy/lse-jkx/jkx-oil-gas-shares/news/jkx-oil-gas-lonjkx-is-experiencing-growth-in-returns-on-capiThese articles always seem to miss out the main thing, in this case great pe ratio, huge assets per share and improving Ukrainian situation. Still quite positive though in that it shows it's decently run.

[maqsood7] 12/5/2021 12:24

SP has changed the direction now.Moving north, it is moving in the range.Expected to reach around 22.5p atleast.Breaking those levels and we are in for a good ride here.....

[researchcentre123] 11/5/2021 09:41

Anyone know how long it takes trades to register on the board? 1.5 hours after the event and it's still not showing

[researchcentre123] 11/5/2021 08:20

Well logically it makes sense. It seems that Biden is making it clear they'll stand behind Ukraine. They're doing some military exercises practicing landing with 27000 men in Albania, which I believe is meant to send a message. I guess that's where they'd have to start off from if they went on a road trip to defend Ukraine should the need arise. As it would seem that Putin doesn't want a war, just a distraction from what's happening with his opposition, invasion to me seems extraordinarily unlikely, and anyway I don't think the territory is disputed. I guess we see what happens here. Anyway I've bought some more shares as I figured any risk is more than allowed for at this price

[thordon] 10/5/2021 22:07

Have to say the Ukraine system of high court is fair and at a good standard , so the point is risk and is at expectable levels. Healthy company and making a good return as for dividends that will follow as in the past.

[its the oxman] 10/5/2021 16:24

Agree , will see a strong recovery here at some point. It's a valuable business , but when who knows. I resigned to holding on , hopefully management will have something positive to say one day.

[maqsood7] 10/5/2021 16:15

International arbitration award to come 11m to our way.Mcap is really low and rerate has to happen healthy!!35-40p once market realise low share price

[researchcentre123] 10/5/2021 16:08

It seems to me that there is a price that makes sense for this share - it is after all making money, which many companies out there are not- so I get that people are running scared but the risks have been more than factored in at this price. The larger shareholders here who control it must see some value in a high share price at some point and seem to be pushing forward with the business, fighting unfair taxes etc..

[researchcentre123] 10/5/2021 15:36

Thanks for that. What is your opinion on the big share purchase by bridgewater (the not Ray Dalio Bridgewater....)?

[wallywoo] 10/5/2021 15:03

Because this company has a market cap of £31m, with tangible net assets of 176m dollars, good profits and cash generation. They don't give any indication that they will pay a dividend. Valuation is the collective thinking of how much they believe jkx is worth, ie not much!!Jkx were hit with tax hikes (28 to 55 percent) in 2014, they took the Ukraine government to arbitration and won. However, despite paying substantial taxes ever since 14m to 30m a year, they still pursue them for more through the courts. These courts are not perceived to be fair and impartial. So in effect they make up reasons to tax any returns away from shareholders. Then you have the 3 boardroom power struggles over 12 years, where most directors are replaced.

[jaka] 10/5/2021 14:59

If history is any guide and all that...

[jaka] 10/5/2021 14:57

It's not only the Ukrainre Government they may not trust, that could be solved by paying the internationally recognised court judgement awarded a few years ago, but the corporate governance of the board. Apart from the Chairman the rest of the board are not accountable to shareholders. It's not the CEO's role and the rest of the board are either Independent Directors or are Non-executive collecting a remuneration and not a salary with little or no liabilities. One of their jobs is overseeing the directors which in JKX's boardroom don't really exist. Listed on the LSE but I think thats where the joint UK Ukraine joint venture now ends and the share price reflects it.

[researchcentre123] 10/5/2021 14:32

What makes you say people believe that JKX will be stuffed by the government?

[wallywoo] 10/5/2021 12:07

It's interesting that this company is now worth little more than the amount they pay in Ukrainian taxes each year (29m dollars in 2020). Not even counting the >30m they have in cash.


It goes to show how little the market trusts the Ukraine government / society. Without a billionaire Ukraine national behind them, no one believes they won't be stuffed by the government.


A shame for the country's future, and jkx's. It would be a brave man to invest now. It needs some large director buys, or some confidence injection.

[jaka] 04/5/2021 12:22

Sorry typo, a jurisdiction producing oil & Gas that's stable is really hard to find. Even in the US, with the stroke of a pen, Biden slammed future oil and gas exploration and production in reverse.

[jaka] 04/5/2021 12:15

I agree but finding an overseas jurdistion

[maqsood7] 04/5/2021 11:01

Oil is trading much higher now!Russians have step back from ukraine!Future planning for workovers in place!No debt!International arbitration award to bring more cash!Currently holding 29mil cash!!What not to like here??The only negative here is reporting from company which is really slow!Company should inform the market regularly to bring more movement here.Aimo.