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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pharos Energy Plc | PHAR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.60 | 7.48% | 23.00 | 16:35:26 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 21.40 | 21.40 | 23.50 | 23.00 | 21.40 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 23/10/2024 09:31 by adam I haven’t formed a view on the new management. However there is the small matter of a new rather large and activist shareholder that I hope underwrites the value here. Most investors here are not interested in the dividend so much as the risk/reward if 125 gets drilled. The biggest risk seems to me to be a cheap bid. |
Posted at 11/9/2024 06:38 by cwa1 11 September 2024Pharos Energy plc ("Pharos" or the "Company" or, together with its subsidiaries, the "Group") Investor Presentation via Investor Meet Company - Interim Results 2024 Pharos Energy plc, an independent energy company, is pleased to announce that Katherine Roe - CEO, Sue Rivett - CFO, Mohamed Sayed - COO, and Minh-Anh Nguyen - Senior IR & ESG Associate, will provide a live presentation relating to its Interim Results 2024 via Investor Meet Company on Wednesday 18 September 2024 at 12:00 BST. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until Tuesday 17 September 2024, 09:00 BST, or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet Pharos Energy plc via: Investors who already follow Pharos Energy plc on the Investor Meet Company platform will automatically be invited. |
Posted at 03/9/2024 08:04 by yasx The complacency continues - perhaps we can see an increased buyback scheme and/or increased dividend. Financially the Co. is in good health and with no sign of explo developments perhaps they need to entice income investors.The entire Board and senior management team here are utterly useless. |
Posted at 01/7/2024 16:19 by tyler19 Oilinvestoral,I fully relate to and share the frustration of long term holders. I initially bought some shares around ~2018/9 in the hope that the large amount of cash on the balance sheet would be wisely used as the oil market settled into a new normal. Unfortunately, I hadn’t fully appreciated management lethargy and recently, the constant moving of goal posts. Like you, I think Katherine is a good upgrade and believe that having an active investor on board will result in further changes for the better. She should improve capital allocation which has been poor in the past. On the technical front, once the board changes are complete, I would like to see Pharos use its London listing for a reverse takeover, preferably one that comes with a good technical team. I suspect that may be one of the options Bradley may be considering. |
Posted at 01/7/2024 12:13 by oilinvestoral Tyler It's definitely an upgrade from what we have been used to over the past 6ish years or so.Snyder oil investors now suffer from an allergy to egotistical bean counters who have an overinflated opinion of themselves and lack self awareness. Drilling deep water wildcats and optimising production from current assets probably requires someone who has spent time at the coal face... How long have you been holding Tyler? |
Posted at 01/7/2024 11:11 by tyler19 I must admit, I’m not too worried that she doesn’t have a technical background. She’s previously worked at Panmure Gordon in their natural resources division and probably has good knowledge of M&A and investor relations, combined with her time at Wentworth, it’s not a bad choice. I believe the appointment probably reflects the new direction of travel, growth by acquisitions? Currently, there a lot of good opportunities out there. |
Posted at 13/6/2024 19:41 by tyler19 Oi, there aren’t many sellers at the current price, there’s been a lot of selling over the last few years. 66% of the stock is still held by major shareholders and if they haven’t sold so far, they may not easily sell as the stock retraces it’s chart but some will, along with some private investors.The stock currently has a book value 51p, more than double its share price and has around £25M in cash. The broker consensus for the share price is around 39p. The chart can retrace significantly and still be very good value to Bradley. He may not make it to 30% before the share price becomes over extended but I think he’s been a wiley fox so far and I wouldn’t necessarily bet against him. However, I do believe the volume will significantly pick up in coming months, partly due to the improving situation in Egypt and partly with potential interest rate cuts towards the end of year. Should all make for an interesting mix. He may well table an early offer? Your guess is as good as mine! |
Posted at 12/6/2024 21:06 by tyler19 Assuming the stock continues to trade at an average volume of 237000 shares per day, Bradley can probably buy the remaining 13%, before he is required to make an offer, within 6 months or so. To acquire 30% of the company at such a low price is an absolute bargain. I expect an acceleration of purchases as he approaches 30% as more and more investors catch on. Keep an eye on the volume folks.This is clearly a conviction buy for him, it's one of his larger holdings, if not the largest. I can see a few ways he can maximise his returns from here. Just hope we get some news on block 125 soon. Please DYOR. |
Posted at 23/3/2023 08:19 by cwa1 Also...23 March 2023 Pharos Energy plc ("Pharos" or the "Company" or, together with its subsidiaries, the "Group") Investor Presentation Pharos Energy plc, an independent energy company, is pleased to announce that Jann Brown - CEO, Sue Rivett - CFO, Mohamed Sayed - Group Head of Technical, and Minh-Anh Nguyen - Investor Relations Analyst, will provide a live Investor Presentation relating to the 2022 Preliminary Results via the Investor Meet Company platform on Thursday 30 March 2023 at 3:00pm BST. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet PHAROS ENERGY PLC via: Investors who already follow PHAROS ENERGY PLC on the Investor Meet Company platform will automatically be invited. |
Posted at 28/10/2022 12:58 by ashkv Interesting article in the FT about $ earning dividend paying firms benefiting from weak sterling.Weak pound adds £6bn to UK company dividends Dollar payouts to shareholders worth more to investors as sterling slides Joshua Oliver OCTOBER 26 2022 Investors in UK companies can expect to receive an additional £5.7bn of dividends this year because of the pound’s slide against the US dollar. The extra cash underlines how a weaker UK currency benefits many British companies that earn a large share of their income abroad, as well as sterling-based investors whose portfolios have international exposure. The pound hit a record low against the dollar last month following the UK government’s ill-fated plans for extensive and unfunded tax cuts. Even after recovering, it is still down 15 per cent this year. But the pound’s decline will deliver a record boost to dividend income for British investors, increasing the sterling value of payouts from London-listed companies by almost 6 per cent this year, according to a widely-followed industry report by fund administration group Link. “The exceptional weakness of the pound [has] enormously flattered the figures,” said Ian Stokes, managing director at Link Group. “As the dollar has soared in value, the translated value of dollar dividends has received a boost.” Around two-fifths of UK-listed businesses declare their dividends in dollars or euros. Those income streams are now worth much more than they were last year, as the value of sterling has slipped to multi-decade lows. The fall in sterling over the longer term stems partly from the dollar’s ascent. The greenback has been propelled higher by the Federal Reserve’s aggressive tightening of monetary policy this year. Higher interest rates typically draw in foreign capital as investors seek out more attractive returns. The dollar has also been supported in recent months by its traditional status as a haven asset during times of economic and market stress. But a weak pound also reflects investors’ worries about the future trajectory of the UK economy. Still, a weaker currency does offer some silver linings for British investors. Sterling-based investors who own overseas assets, such as US stocks, have seen their portfolio hold up better during this year’s market sell-offs as the value of foreign assets increases in pound terms. Dividend payouts — a crucial source of income for many retirees, pensions and charities — are another area where a weaker pound can be helpful to shareholders. Companies like Shell and HSBC, which generate substantial overseas revenues, denominate their payouts to shareholders in dollars. But for investors who opt to take payment in sterling, the exchange rate uplift totalled £1.9bn in the third quarter, according to Link, which forecast a larger boost in the final three months of the year. “On current trends, the boost in the fourth quarter is likely to be even larger and will bring an exchange-rate impact for 2022 roughly as big as during the global financial crisis,” Stokes said. Link upgraded its forecast for total dividend payouts from companies listed on the main market of the London Stock Exchange, excluding investment trusts, to £97.5bn, an increase of 5.5 per cent from last year, supported by currency effects and higher payments from banks as well as oil and gas companies. But UK payouts remain lower than pre-Covid levels, as many businesses took the opportunity during the pandemic to reset the amount of cash they return to shareholders. |
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