Jtc Share Discussion Threads

[mount teide] 06/1/2021 10:12

Savannah Energy - Update

54% Capital Growth in just 5 trading days since Africa's New Mega Port and Industrial City was approved for construction in SAVE's back garden on Xmas Eve.

SAVE is still valued at less than 1.5 x 2021 projected gas earnings.

A new FinnCap Broker Note out today ("2021 Best Ideas") which names Savannah Energy as FinnCap's top pick in the energy sector in 2021.

'Savannah’s acquisition of a key strategic Nigerian gas asset with strong growth potential has been ignored by the market. We believe delivery of the strong free cash flow potential these assets offer will re-rate the shares, which are materially undervalued.

As part of the Nigerian acquisition, management secured a World Bank partial risk guarantee for its main gas sales contract, completely transforming the credit risk profile of the business. Its three gas sales contracts guarantee minimum take-or-pay gas volumes for more than a decade, are priced in US$, have no oil price linkage and inflate by an average 6% annually for the next few years.

They underpin and give strong visibility to contractual revenues of US$200-250m+ p.a., which we forecast will drive cash flow of US$140m+ p.a. Even accelerating debt repayments, we estimate Savannah can generate a 20%+ free cash flow yield.

Savannah’s recent financial and ops update showed continued strong progress. Cash collections to the end of November were up 32% y/y to US$164m and management reiterated its 2020 total revenues guidance of US$200m+. Admin and opex guidance has been cut by another US$25m, to US$45m. Net debt fell further, to $420m. Despite this, Savannah’s risked-NAV valuation sits at the bottom of its peer group. Continued delivery of the potential within its Nigerian gas business, should re-rate the shares materially in 2021.'

[chestnuts] 06/1/2021 09:35

Kiwi

Thanks for the charts, so inflation is on its way, its what we all thought would happen, but once the Genia is out of the bottle.

[mroalan] 06/1/2021 09:26

INTERESTING LISTENING TO TALK RADIO JUST NOW,oops, to be able to claim universal benefit you need to have spent all your savings, being potless and putting your trust in government might be slightly misplaced, as i,ve said previously to gov is set to place folk into penury.

[mroalan] 06/1/2021 08:53

The UK’s new VAT system on imports has not the slightest chance of working – and keeps honest traders out of the country.

[mroalan] 06/1/2021 08:46

Defies comment,mro.

[sunshine today] 06/1/2021 08:44

Good morning..

Did you know the world has gone Blockchain crazy .

Did you know in the U.K. it’s just about impossible to invest in a listed blockchain company, ARGO BLOCKCHAIN is , I think, the only pure play and it’s totally dependent on the price of Bitcoin. ( no chance of stable EPS)

Did you know on Monday the USA bank regulator give the thumbs up to Blockchain.

One other tiny company has the chance to become a Zulu stock ( IT IS NOT ONE TODAY BY A MILE)

TRD. £11M market cap, no debt, and £4M cash. ( BAAS) Blockchain as a service.

Stratis / Microsoft/ TRD


Happy new year.

[mroalan] 06/1/2021 08:13

The Slog,lots of info re covid,mro.

[mroalan] 05/1/2021 22:21

well the wife i suppose? or even the husband/partner,the list is endless.

[chestnuts] 05/1/2021 20:12

Pen

You really do have to shake your head when you read that head line, and then lol

[mad dog7] 05/1/2021 19:44

people who run twitter are fascist scum

[7kiwi] 05/1/2021 19:06

The US ISM Manufacturing PMI was out today. It came in hotter than expected at 60.7, compared to expected 56.6.

But what really caught my eye was the Mfg Price component of the index. This came in at 77.6 compared to expectations of 65.7, and 65.4 last time.

I think this means that inflation is going to rise above expectations. I have a chart where I plot CPI vs the Mfg Prices. It looks to me CPI could be headed for 3% or more. Particularly, as commodity prices still seem to be rising.

Provided the Fed keep buying Treasuries, to keep a lid on the 10Y, this means real interest rates should fall sharply. There's an indication of that in the the 10YTIP yield has been falling the past few weeks, now around the lows set in early August.

The consequence of that should be very good for the gold price.

[mroalan] 05/1/2021 18:07

An old one i fell over today just as funny as it was then,mro.

[mad dog7] 05/1/2021 16:00

All this talk of lockdown 2021 is making me feel nostalgic for the January lockdowns of 2017 and 2018 when we had similar death rates. Looking back now, it's so hard to remember all those rules constraining our lives, isn't it? Woman shrugging

*Official PHE figures on Govt website.

[mad dog7] 05/1/2021 15:56

Lin Wood Fireside Chat 5 | Shining Light On the Corruption, the Dark World of Jeffrey Epstein,...

8,606 views•Jan 5, 2021

[mad dog7] 05/1/2021 14:57

Dr Layla McCay, NHS Confederation director, confirms to Julia that the hospital figures for "Covid patients" include patients who are not being treated for Covid but have simply tested positive while being treated for something else.

[mad dog7] 05/1/2021 14:23

The prayer to open the 117th congress ended with “amen and a-woman.”

Amen means “So Be It” in Latin.

It isn’t a gendered word but that didn’t stop them from being insane.

Is this what you voted for?

[mad dog7] 05/1/2021 14:20

“Last March Boris said we were locking down for three weeks to ‘flatten the curve’. Nearly a year later we are on our third lockdown and all we’ve done is flatten the economy, flatten civil liberty and flatten children’s education. This cannot go on.”

Brendan O’Neill on Sky:

[mad dog7] 05/1/2021 14:15

This is why they persecute him.

[mroalan] 05/1/2021 14:08

Rachel Reeves
@RachelReevesMP
·
Jan 15, 2020
Carillion’s board deliberately chose not to make adequate contributions to its pension schemes.

Its Finance Director for 10 years, Richard Adam, considered them a “waste of money”.

Upon collapse, its pensions liability was £2.6 billion. [5/10]

pension trustees anyone?mro.

[mroalan] 05/1/2021 14:04

They have no shame,mro

[mad dog7] 05/1/2021 13:55

@GerardBattenUK

If you were PM & a real pandemic hit, what would you do?

Close down the economy, putting millions out of work? Losing tax revenue & future votes?

Take a calculated risk policy allowing people to gauge their own risk & get on with their lives?

More & more people smelling a rat

[mroalan] 05/1/2021 13:12

Julia interviewing gove today on talk radio,interesing point asked how many people in hosp with covid he replied 26 000 ish,then asked how many admitted with covid? ah thats a bit different! about 12 000 ish, so the rest either caught covid in hospital or were tested positive whilst there,yes well don,t get ill.

[mad dog7] 05/1/2021 09:45

So Nish Kumar is a darling of woke nitwits committed to cancelling anything faintly funny on the grounds that it's offensive, yet his brand of comedy is ONLY offensive, not remotely funny.

All the more depressing that he gets a primetime broadcasting slot on the BBC. #Defund