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PHAR Pharos Energy Plc

23.90
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pharos Energy Plc LSE:PHAR London Ordinary Share GB00B572ZV91 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 23.90 23.90 24.50 23.90 23.50 23.50 239,412 16:29:59
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Services,nec 167.9M -48.8M -0.1128 -2.12 103.41M
Pharos Energy Plc is listed in the Oil & Gas Field Services sector of the London Stock Exchange with ticker PHAR. The last closing price for Pharos Energy was 23.90p. Over the last year, Pharos Energy shares have traded in a share price range of 18.70p to 25.00p.

Pharos Energy currently has 432,672,858 shares in issue. The market capitalisation of Pharos Energy is £103.41 million. Pharos Energy has a price to earnings ratio (PE ratio) of -2.12.

Pharos Energy Share Discussion Threads

Showing 10326 to 10349 of 10350 messages
Chat Pages: 414  413  412  411  410  409  408  407  406  405  404  403  Older
DateSubjectAuthorDiscuss
13/6/2024
20:41
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!

tyler19
13/6/2024
11:25
"average volume of 237000 shares per day, Bradley can probably buy the remaining 13%, before he is required to make an offer, within 6 month"----Tyler Not sure it's that easy anymore.The only reason he managed to accumulate so much so quickly in a tightly held share was because we had large sellers last year. Both Lombard and York town sold huge amounts. I'm not sure the stock is available to get him to 30% without tabling an offer ...
oilinvestoral
13/6/2024
08:32
Yup more money for Bradley to buy more shares with.
nigelpm
13/6/2024
08:17
XD today for 0.77p, with pay day being 19/7
cwa1
12/6/2024
23:03
Sorry, should have read 24 months or so and not 6 months. Divided the wrong number in haste.
tyler19
12/6/2024
22:06
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.

tyler19
11/6/2024
14:30
A few domestic issues, so I missed this holding announcement from Bradley released after hours. So just for the record he's gone above 17% now:-
cwa1
10/6/2024
18:52
Maybe it's finally time to start accumulating before any offer is made?
tyler19
10/6/2024
18:48
Bradley Radoff now holds over 17% of the shares. That's more than 50% required for a mandatory offer for the company. He may get the company at a bargain, particularly if he has the support of a private equity firm in the background. As many other long term holders here, I would like some positive news on block 25 before Bradley's stake gets much higher.
tyler19
10/6/2024
11:03
One wonders what price the shares would stand at had Jann actually done something productive over the past few years.
yasx
07/6/2024
16:49
Another week of no activity at Pharos.
yasx
06/6/2024
09:39
Well, I suspect that is her next major objective. When she finally disappears, no doubt she will make multiple references to how she found a replacement despite the effects of Covid and Ukraine.
yasx
06/6/2024
07:14
If she takes as long to clear off as she has to find a rig……
steved9
05/6/2024
13:51
Complete inaction at Pharos - even the trading has dried up.

The dynamic Jann limps along collecting her pay cheque.....

yasx
04/6/2024
12:32
Still, it was good of her to mitigate the strains of voting...
glavey
03/6/2024
10:05
The wait continues - this is what Jann describes as “hitting the ground running”…;…
yasx
31/5/2024
10:51
I think a suitable role would be a volunteer at a local charity shop - I think she is well suited to that kind of thing. Anything other than that is probably beyond her capability.

What I do find unpalatable is her dismissive stance to reasonable criticism - she tends to roll her eyes and suggest that the person asking the question has it all wrong.

She needs to go as soon as possible - and take Sue with her.

yasx
31/5/2024
10:32
Agree, it looks like one lucky promotion leads to continual jobs, that respectfully, she has been out of her depth to fulfil. In her defense though, she is at an age where she deserves to retire now anyway and probably isnt looking for anything similar anymore (except for cushy ned roles?). I didn't didn't realise she was that old actually?
IMHO.

dunderheed
31/5/2024
10:19
Obviously Jann had not anticipated leaving (despite the excuse of retirement) and so the search for a new CEO is taking longer than hoped. It goes without saying that until a new CEO is found nothing will get done here - it has taken Jann several years to secure a rig and despite a promise every six months that this was imminent nothing has been sorted. She has been very fortunate to land the roles that she has in her career and frankly has retired knowing that there is no possibility of her ever getting another similar role in the future.
yasx
30/5/2024
09:36
Still nothing on a rig, less still on the partner(s).
yasx
28/5/2024
08:04
Snippet from the Progressive Research update:-

Operations:− in line with forecasts. Production has proved to be in line with expectations, and in the first four months was 5,755 boe/day (guidance 5,200-6,500 boe/day). In Vietnam, Pharos has made significant progress on the licence extensions of the TGT and CNV, while the RFDP on CNV has been submitted to partners. On exploration blocks 125 & 126, management is looking at an option to secure a drilling slot, with several interested farm-in partners awaiting clarity on timing and cost of this potential well. In Egypt, preparations are underway to drill a further commitment exploration well on the El Fayum licence, which is expected to be completed in 2H 2024. Pharos is looking at the potential consolidation of its two licences and has sent a proposal to EGPC. If accepted, this would improve efficiency, and potentially allow better fiscal terms and increase the life of the licence.

▪ Overview. This trading update demonstrates that Pharos remains ontrack, which should allow management to add significant shareholder value as the group’s operations progress.

cwa1
24/5/2024
11:29
Also from the Auctus note. They have a target price of 50p FWIW

Valuation: We continue to forecast Pharos will hold US$15-20 mm in net cash by YE24 after distributing US$9 mm to shareholders. Our Core NAV and ReNAV are unchanged at £0.33/sh and £0.53/sh respectively. The approval of a 5 year extension of the TGT and CNV licences would unlock a total of £0.30/sh.

cwa1
24/5/2024
11:25
Actus note: Pharos Energy Plc (LSE: PHAR): Net cash up by ~US$21.5 mm in four months Production from January to the end of April was 5,755 boe/d including 4,347 boe/d in Vietnam and 1,408 bbl/d in Egypt. This is in line with the company FY24 guidance of 5.2-6.5 mboe/d including 3.9-5.0 mbpoe/d in Vietnam and 1.3-1.5 mbbl/d in Egypt. • The FY24 capex guidance is unchanged. The key near term news flow remains the farm-out of an interest in Blocks 125 & 126 in Vietnam. Several interested farm-in parties are awaiting confirmation of timing of a rig slot and clarity on the well
oilinvestoral
24/5/2024
08:12
If hiring a replacement proves aa difficult as securing a rig for 125, we could be waiting several years.

I note on 125 they regurgiated the drivel they have churned out for the past couple of years. No progress and no firm timeline.

yasx
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