Jkx Oil & Gas Share Discussion Threads

[kibes] 19/10/2021 15:31

Anybody think the sale of the Russian assets is a good idea? It just looks like giving away half their assets and production to me. Why would they get a good price? Russian assets don't get good prices.

[researchcentre123] 18/10/2021 11:53

Well for me it's a simple calculation. At the moment the PE ratio is somewhere between 1 and 3. The sector average is 15, so Ukraine or no Ukraine, there's some catching up to do.

[jaka] 18/10/2021 11:46

And an imminent update on new well R110. Must be near TD by now. Not a good time to take profits IMHO.

[jaka] 18/10/2021 10:51

You can't dismiss corporate action to although but wether the Ukrainian regulatory bodies would allow it is a another thing.

[researchcentre123] 18/10/2021 09:20

So next excitement mid Jan quarterly report end March annual report I suppose, maybe sale of Russian assets before then + what they do with all the cash - dividends, new wells or just pile it up?

[thordon] 16/10/2021 10:01

JKX 10% stake in Ukrnaftoburiene

hxxps://unb.ua/news ,

[jumbo67] 16/10/2021 06:48

Things going nicely well done all re j (hd)

[researchcentre123] 15/10/2021 20:41

I guess the bigger it is, the more likely it'll attract funds. They like to buy big chunks of shares to make their effort worthwhile, so I suppose the bigger it gets the bigger the punters it attracts

[mick1909] 15/10/2021 16:20

Buy the dips

[suffolkjim] 15/10/2021 16:06

Will this atract more attention if the market cap goes over £100 million?

[saint in exile] 15/10/2021 15:43

It defies logic doesn't it,especially compared to some gains made by hopeful exploration companies.Its an upsidedown world for sure.

[jaka] 15/10/2021 15:00

The stock rallied last session which was great to see and now it's being frequently traded. Nothing worse than seeing decent results only to watch it tumble, flat line and drift down because of no interest. JKX's results were more than decent and with plenty more to come!

[saint in exile] 15/10/2021 12:56

It's inevitable after such a bullish run even though we are ridiculously undervalued.I'm guessing we might fall a touch and then consolidate but like you say who wants to risk being out..unless Russia invades the Ukraine haha

[researchcentre123] 15/10/2021 12:39

I suppose like any share you get a rally, then it drops a bit, then it rallies again. I guess you can trade the rallies but I think there's a big chance you miss on big upwards movements like that. As I still see this as ridiculously cheap as the forward PE is somewhere between 1.5 and 3 and there's so much cash, I'm continuing to hold for some time to come I imagine

[hoper2] 15/10/2021 11:34

People taking profit on a Friday. It happens a lot and who can blame them banking their winnings!

[robizm] 14/10/2021 22:47

FXPO are not a good example. Lost many millions of shareholders fund left in a bank owned by the biggest shareholder

[1knocker] 14/10/2021 10:02

A dividend would certainly be welcome. When money is being made in places like Russia and Ukraine I feel a lot happier if any surplus over operational requirements finds its way into my bank account rather than sitting on the company' account. I like the FXPO model of declaring specials when the company is flush.

[researchcentre123] 14/10/2021 07:04

Well I guess if they are making $20m quarter then a 10p annual dividend wld cost them abt $23 million, just under 4 months of profit at the current rate. If they can get a chunk of cash for the Russian ops then that wouldn't necessarily impact them much. The question is what their plans are for developing the business and what cash they'll need for it. They've reduced debt and overheads, sold off non-performing businesses and are increasing their hole digging. Their actions certainly seem to be that of a management with shareholder value in mind so I guess we see. If they have some more high yielding activities, then that might be the best use of the money for now-dividends aren't everything- but it's all looking quite interesting.

[imnotspartacus] 13/10/2021 20:09

Wow, even more cash & about to sell the Russian assets, exciting times!

[mick1909] 13/10/2021 15:57

They could be making that each quarter so a 10p dividend could be annually which is a 20% yield at this share price so a march towards 200p will make it more realistic at 5%

[hoper2] 13/10/2021 15:33

I'm thinking that any special dividend will depend on getting a good price for the Russian business and the continuing high gas price for Q4. If that happens I certainly could see a 10p special dividend. Cost about $25 million.

[mick1909] 13/10/2021 15:07

Special dividend looming with all that cash

[officerdigby] 13/10/2021 15:00

Lot of nice things going in that RNS!

[researchcentre123] 13/10/2021 14:58

So they increased cash and gas by $20m in a quarter, $80m per annum at that rate and the market cap, so it won't take long at that rate for cash to exceed the market cap, especially with the sale of the Russian assets.

[researchcentre123] 13/10/2021 14:08

I think you're right. They got higher gas prices this last quarter but not by the factor the market went up - catching up on past agreements I guess-, so I think next quarter should be higher.