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Share Name Share Symbol Market Type Share ISIN Share Description
Jkx Oil & Gas Plc LSE:JKX London Ordinary Share GB0004697420 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40 -0.9% 44.00 43.00 44.00 44.50 43.50 44.50 270,403 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 50.9 18.2 8.5 5.2 76

Jkx Oil & Gas Share Discussion Threads

Showing 12626 to 12649 of 13100 messages
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DateSubjectAuthorDiscuss
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.....
maqsood7
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
researchcentre123
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.
thordon
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.
its the oxman
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
maqsood7
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....)?
researchcentre123
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.
wallywoo
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.
jaka
10/5/2021
14:32
What makes you say people believe that JKX will be stuffed by the government?
researchcentre123
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.
wallywoo
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
jaka
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.
maqsood7
29/4/2021
19:44
Yes it is because of the reasons mentioned, these ex soviet countries are dodgy.If they were trading in a decent jurisdiction i can guarantee it would be alot higher.Not worth risking it here..
neo26
29/4/2021
11:44
Should there move the oil to
milliecusto
29/4/2021
09:50
By your argument neo26 shld only invest in the post office as it's safe! It's all about risk and reward. Based on comparable oil companies, this is trading at about 1/3 what it should be if you look at price earnings ratio and actual assets. I guess you could buy an oil company in US or canada to be "safe" but this has benefit of no real debt, is profitable, trading way below asset value and the threat of invasion is off anyway. As it happens even if the Russians did invade, which concensus is they won't, does that mean they'd confiscate oil wells from a company that also invests in russia? I doubt it and they won't be damaging them in a hurry either - anyway these are outside the disputed territory. Life is all about risk/reward. If you can't take the occasional dip you should invest govt bonds and get a guaranteed loss from inflation.
researchcentre123
29/4/2021
09:21
I thought it was just a tax liability that was cancelled, presumably while disputed listed as a provision under liabilities in the accounts which is why it was transferred to profits in last accounts? Otherwise you are saying it's a current asset? Either way I agree they really don't need cash - it seems this dispute was over- provided for in the accounts and they seem to be quite sensible management now with allowing liquidity for all problems
researchcentre123
28/4/2021
23:50
International arbitration award will be 11.8mil!!!Coming to our way anytime.
maqsood7
28/4/2021
23:48
Most amusing post of the day.haha.Why would they need to raise cash?They are sitting with 28mil plus nearly 3mil of oil.And producing 3800bopd selling above 60usd per barrel. Do the maths!!If production is stable and oil stays above 60 then we will be making 20mil more than last year from revenue!!!Yes 20mil extra cash for this year than last year!!Also 11mil is coming to our way soon. Dyor.
maqsood7
28/4/2021
21:11
Your forgetting they also won a Tax case which has not been paid yet to JKX
thordon
28/4/2021
18:15
Why,no debt and every day the coffers get bigger from oil sales
milliecusto
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