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 Shares Traded Last Trade
  0.02 0.11% 18.50 1,888,701 16:35:07
Bid Price Offer Price High Price Low Price Open Price
18.24 18.74 20.20 17.90 17.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 143.04 8.82 -5.13 74
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:07 UT 8,992 18.50 GBX

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Date Time Title Posts
09/4/202020:59Pharos Energy-A New Beginning2,205
08/4/202005:12Pharos Energy / Soco International 47
23/5/200300:09The Phuture is bright1

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Pharos Energy (PHAR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-04-09 15:35:0718.508,9921,663.52UT
2020-04-09 15:29:3518.24750136.80AT
2020-04-09 15:29:3318.56750139.20AT
2020-04-09 15:29:2718.6821,2603,971.05O
2020-04-09 15:29:2618.124,066736.65O
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Pharos Energy (PHAR) Top Chat Posts

Pharos Energy Daily Update: Pharos Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PHAR. The last closing price for Pharos Energy was 18.48p.
Pharos Energy Plc has a 4 week average price of 10p and a 12 week average price of 10p.
The 1 year high share price is 78p while the 1 year low share price is currently 10p.
There are currently 397,515,684 shares in issue and the average daily traded volume is 4,979,619 shares. The market capitalisation of Pharos Energy Plc is £73,540,401.54.
kenmitch: A bit of vaguely interesting info? There are around 500 cruise ships that each use around 80000 gallons a day.So in normal times that’s around 40 million gallons a day. Add to that all the aircraft fuel and the vast reductions in road traffic. Surprising that the oil price hasn’t fallen a lot further? Happy with good bounce in Phar share price. Perhaps this time and at last we really have seen the bottom.
emptyend: What matters is not where the share prices get panicked down to.....what matters is where the share price will be in a year's time. I'm sure that PHAR will do better over that period than PMO or TLW.....though, of course, that might not be "all that" if the OPEC+ spat still continues......
invisage: What happened today in the Oil markets? Well the Saudi's came out and said they are going to increase production by 20%. What did Crude do? It went up by c. 8% on the news. What does that mean? Well more production in the market is bad news for bulls but because the Oil price rallied on bad news it was already in the price which is generally a sign of a bottom i.e. when a market rallies on bad news it is highly likely the worse is behind the Oil market. PHAR just needs to come out with an OK statement tomorrow with no nasties and I will be looking to buy more. If all is well with the company and balance sheet than to be frank the current prices are very silly. The smart thing management have done here is 1) Kept a decent cash pile 2) Hedged production at a decent level Therefore they are well poised to benefit from the eventual recovery in Oil price and the share price will eventually follow. ee is right that they need to deliver on Egypt the next 3 years as that is where the upside is coming from. Also with Final results we will start to see PHAR on stock screeners.
emptyend: Just on the name change point, the name change itself was probably a good thing to do - reflecting the new mix of assets. What was much less helpful as part of that process is that the lack of full year financials for PHAR has taken it off everyone's stock screener and most databases.........fortunately we are now a few weeks away from that being rectified. In particular, I will be interested to see how it screens in terms of share price versus tangible NAV, relative to the rest of the market. And, in terms of share price vs cashflow per share.Just ignore Invisage, by the way....everyone else does. He has nothing of any value to contribute and gets his kicks by imagining others to be in penury.....:-))) .....more appropriate behaviour for Twitter really.I'm off for a long weekend shortly...probably to some hidden coronavirus haven ;-) Have a good weekend folks!
oilinvestoral: EE you put together a very sound argument that the results on March 11th should show how undervalued PHAR is . You also state that in March could also be the first time in many months that directors are not in a closed period and we could see some director purchases. You mention on a previous post that you expect the volume to increase during results days and expect that increase in volume to clear out the seller. All very possible and logical statements to make. What would your thoughts be if we reach end of April and no directors have purchased any shares, the drip sell approach has continued and the the PHAR share price is in the mid to low 20s .... Although unlikely, it is not beyond the realms of possibility.
dunderheed: I am not so sure that the share price reaction will be that great post results, just because targets have been met. The share price has been weak for PHAR / SIA, really and truly for a long time now, as "the city" lost confidence in the mgt. of company and I personally do not think the club feel "newbies" helped either - i.e. more of the same - even if ironically the city is bound that "incestuous" way as well! I have a hunch the results will have to be stunning to reverse, what appears to be low "city" perception of mgt. Maybe a short term uptick but a long way to go for proper revaluation? As ever all imho of course.
emptyend: On the principle of "in for £1, in for £1.03" I bought a few more this morning. The yield is perfectly fine and, if drilling and production in Egypt are more or less going to plan, there is the prospect of material dividend growth down the track.As I suggested yesterday, the NAV here will soon be confirmed at more than double the current share price - and I think that makes it a comfortable hold.I also note the oil price seems to have turned back up over the last 48 hours and, I surmise, this may have something to do with the news on the coronavirus COVID-19, which now suggests that there is a falling trend in new daily cases presenting for treatment in China. See course people will stay wary, especially in China, for some while yet - but I don't think the virus is Armageddon for humanity. Also my cousin in the heart of fire-ravaged NSW tells me that they have had 13cm of rain since Thursday - so that is another drag factor being swiftly the time we get to results on 11th March we may wonder what all the fuss was?That said, I do agree with ghhghh that the seller is likely have more to go, so I'm not expecting the share price to race away until at least that is cleared - but I can't see the drag on the share price persisting for long, given the upcoming results and arguably-improving macro backdrop.
tournesol: Interesting to compare share price charts with other E&P companies. Afraid I don't know how to post charts here, so just words rather than pictures…̷0; Comparing with HURRICANE Over a five year period to-date, the share price performance for PHAR is considerably worse than for HUR over 3 years, the charts show almost identical declines overall over 1 year the charts show similar trends with broadly similar results overall over periods of 3 months, 1 month and 1 week the charts show a surprising degree of correlation - the overall shape of the graph is very similar. over 1 week both charts show similar periods of perturbation at the same time - looks like two people having simultaneous cardiac arrests on Thursday and again on Friday with synchronised graph spikes. Tends to suggest that whatever is happening here is not limited to PHAR.
kenmitch: The share price falls over the last few years for other small oil Companies are sometimes just as bad. e.g Tullow, Cairn, Premier and Trinity. Falls are as much as 90% and look way overdone. Usually sector falls like these prove to be great buy opportunities. But not sure that applies to small oil shares as US frackers presumably will continue to keep a lid on the oil price? Even so at this level Soco looks tempting. One thing Soco DID get very badly wrong,and I was pilloried here for arguing against it, was buying back their shares at prices as much as 90% higher than the current share price. It was, as so often with buybacks, a waste of money. Those share buybacks did not “reward shareholders” nor did they put a lid under share price falls,nor help Soco shares outperform others in the sector who didn’t waste £millions on pointless buybacks. .
alamaison5: My guess they are right. The share price has been "put on hold" before news cos no one can really evaluate the deal properly even less the added value to PHAR share price. In that case, it means that the Marlet Makers can do whatever they wish with it the share price. But only to a certain extent, because you can't buy any decent volume right now. This bellow is an order for 2 miserable thousand squids. Forcing me to go NT which I won't because they can rip you off by buying for you at any price. Is it a game they're playing or is it for real? I leave you to guess but to me, this price is a bargain. Like NOG at 5p, lol... preview order Buying £2,000.00 of PHAROS ENERGY PLC ORD GBP0.05 shares A firm electronic quote is not currently available for your order You can send this order without a price limit by clicking the 'Place Order' button below, or alternatively click 'Amend' to go back and specify a limit price Indicative Price£0.54Order TypeMarket Best Order DetailsSettlement DateT+2Estimated Cost of Shares£1,986.08Estimated Commission£3.99Estimated Stamp Duty£9.93Estimated Total To Pay£2,000.00
Pharos Energy share price data is direct from the London Stock Exchange
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