Jkx Oil & Gas Share Discussion Threads

[jaka] 08/9/2021 12:59

Current and future gas prices driving this now regardless of prospects.

[mick1909] 08/9/2021 12:36

Its not the jurisdiction its liquidity the amount owned by other entities could take this private which would lock your money up not necessarily a bad thing as they might pay annual dividends just alot of investors dont like having there money tied in

[saint in exile] 08/9/2021 12:00

I guess the jurisdiction will put investors off otherwise this would be a lot higher on fundamentals?

[researchcentre123] 07/9/2021 13:50

Bit of a yoyo with very low volume. A few buys and it's up, a few sells it's down. I guess it just needs to attract some funds attention.

[imnotspartacus] 03/9/2021 11:14

Moving up nicely now, can only buy at negotiated trade. Breakout coming!

[jaka] 02/9/2021 12:31

Bid & Ask very, very tight, market makers attempting liquidity expecting the volume to go up. A lot of the free-float in the hands of brokers like Hargreaves L. & IG. Extraordinary high natural gas prices should lead to record profits.

[yawn1971] 02/9/2021 09:24

Let's just get past 30p and we will be away

[imnotspartacus] 02/9/2021 08:47

This could pop anytime.

[yawn1971] 27/8/2021 16:09

Natural gas prices are flying

[yawn1971] 26/8/2021 11:29

Some nice buys coming through

[researchcentre123] 23/8/2021 09:44

https://simplywall.st/stocks/gb/energy/lse-jkx/jkx-oil-gas-shares/news/investors-will-want-jkx-oil-gas-lonjkx-growth-in-roce-to-perPositive article on jkx

[jaka] 19/8/2021 16:04

Baffled. Autumn just around the corner, gas prices flying and the share price goes south! Frustrating.

[researchcentre123] 18/8/2021 21:48

What's up with today's drop? Or is that just a few more sellers than usual?

[jaka] 13/8/2021 10:15

Yep, only 10% in retail hands like us.

[researchcentre123] 13/8/2021 08:34

That's interesting. This share never seems to react how you'd expect it to - should be up! I guess it's just thinly traded.

[jaka] 12/8/2021 23:58

Russian gas supply causes euro gas price rise.https://www.zerohedge.com/markets/european-nat-gas-prices-spike-unprecedented-levels-russian-supply-collapses

[researchcentre123] 12/8/2021 14:21

Thank you that's very helpful.

[jaka] 12/8/2021 12:35

Unfortunately the trading information here and elsewhere isn't really showing the full story and is a rough estimate. It uses algorithms to decide whether its a buy or sell on trading information from the LSE. It isn't accurate. A glitch on the ADVFN app even reports duplicate trades! The mid price gives a fairer indicator on stocks worth and its surprising how many times my broker as given me that price to trade this stock. On ADFVN blue indicates buy and red sell. The green is everything thing else when the software can't decide. Could of been trades that have been bungled together or brokers going to the market maker for stock which isn't in real time by the time it goes through, it goes on.

[researchcentre123] 12/8/2021 07:51

I don't quite understand how it works really on that system. When I bought some jkx it didn't show at all, a friend did and it showed 90 mins later....I'm guessing that blue is buy of shares held by market maker, red if you're selling to them and green if they arrange the deal direct between a buyer/seller but actually I don't have a clue. Any idea?

[jaka] 11/8/2021 18:59

Your right RC123, just a personal view. The share structure, with only 10% of the stock in retail hands and the rest of the free float in the hands of brokers and market makers, does hold the share price back. Saying that, I bought more at 27p a few weeks ago, showed as a sell n ADVFN's software, and the trade was almost instant.

[researchcentre123] 11/8/2021 16:13

I think he means he's holding his shares until they go up rather than selling....but yes they're a buy at this price for those who don't have any.....

[thordon] 11/8/2021 00:06

Jaka the company is on a P/E of 3 hardly a hold , Hungarian assets are worth $3 million.

[jaka] 10/8/2021 17:58

Last month, July, a letter of intent was agreed to sell JKX's Hungarian assets for around 3M USD to a third party. Last time an attempt to sell sometime March 2020. In that RNS it stated, "Completion is contingent on receipt of Ukrainian Anti-Monopoly consent and is expected in 4 - 8 weeks." Working on those estimates the sale could be this month or September. I'm sure this time due diligence will be followed and assets sold successfully. Gladun CEO said that time the money would be used for exploration or towards a Ukraine acquisition(takeover?). In yesterday's RNS his ambition remained the same. We'll see, but until this story unfolds and the cash keeps flowing in IMHO it's a definite hold.

[researchcentre123] 10/8/2021 11:13

There seem to be quite a few sales going thru when you'd expect buys. I guess we're clearing out those people who set their hearts on 30p or so then hopefully upwards? I don't think I'll be selling out at a pe ratio of 3.4 when the sector average is 15.....and they've got more cash than average too.....still I suppose it's good short term gains for some

[researchcentre123] 09/8/2021 22:47

Thanks that's very helpful. I guess production will go up now so it would seem likely the next year will be a very good one. I suppose also there's that $11.8m they're owed by the govt - is Ukraine one of those govts that never pays as they don't have the cash would you think? Or they'll have to work out some deal - like offset it against future tax.....