Reabold Resources Dividends - RBD

Reabold Resources Dividends - RBD

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Stock Name Stock Symbol Market Stock Type
Reabold Resources Plc RBD London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 0.14 07:31:18
Open Price Low Price High Price Close Price Previous Close
0.14 0.14 0.14 0.14
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Industry Sector

Reabold Resources RBD Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

solo4yous: RBD too, Markets are tanking due to Covid new strain. Market Makers willingly obliged to risk-off mode. Ive taken advantage. Https://
solo4yous: RBD downtrodden of late, this is not a cross ramp but a demonstration and its the small cap oilers and gas type being hammered. ALBA UKOG EDR EOG ANGS UJO all being sold down... But look at the naughty demand from Brokers on ANGS, so RBD plumbs lower too but check this: Https://
grannyboy: Oil&Gas continuing to rise, and oil forecast to reach $120pbbl, I speculate there will be a number of pi's wistfully thinking "if only RBD had any hydrocarbon production to take advantage of the rising prices" ..
grannyboy: Some have hung everything on these, and are up to their nuts in a company that is dependant on another company's incompetent management who have never achieved anything, and it's looking with every passing day that though the price of oil&gas is rising inexorably rbd won't feel any benefit unless they happen to sell Victory, which won't happen overnight!
grannyboy: When oil reaches $120+ RBD will still have no production... When gas doubles again, RBD will still have no production.. Looking dire here!
grannyboy: Near the end of the BRR video when it came to explaining away W.N, Williams body language was going into overdrive attempting to put reasons to the failure at W.N. Rathlin are quite incompetent at this drilling business, all they have ever achieved is spend money without any return, they even had to get their parent company to write off £millions just so they could progress the deal with RBD, and for rbd to take over the mantle of providing the finance..
slicethepie: I had forgotten these numpties tried to bid for deltic, offering 1.5 rbd for each deltic share. Today they would need to offer 15 rbd for each deltic share! It must be time these guys got their marching orders
markfrankie: nice to see you guys having a rebound ! even though i sold rbd to get more ujo. Ps, i missed the rise here typically !! all the best rbd holders
bipos: When inform on the bulletin board what the latest what BMD has said on RBD & UJO I dislike the information(probably because for RBD there has been little or only bad news continuously over the past 2 years)I hear, but I realise he is mostly correct & that he has information a few days ahead before the company release to us the shareholders. To me he (or they)have an inside network of contacts (probably paid for) for their Own agenda, but in this business of the stock market who could say that's not right,the city professional call it research. My concern is as I have been averaging down over the last 2 years, if he correct then just how much lower does the price of has to be & at what quantity of new shares has to be issue in relation to our present market cap. If the standby arrangement they announce last year to raise £5m by way of issue of new shares would represent at 25% of today's market cap, assuming that they have not already done so, I not sure the company has to make an announcement as they had already had informed us last year of their intention. So the the next placing could be on top of that arrangement. When I first brought this shares £5m was a side order today it's the main meal, which would mean a heavy dilution.
tedoby2: Reabold Resources plc (RBD) is an investor in upstream oil and gas projects with several as yet under-developed assets in its portfolio. But there are just two taking centre stage at the moment. Potentially the larger of the two assets is an oil and gas opportunity at West Newton in Yorkshire. RBD has a holding in excess of 56% in this one. The other one being a low risk offshore gas opportunity approximately 80km NW of the Shetland Islands known as Victory. RBD now has upscaled its holding to 49.99% in the project via a share swap a couple of weeks ago. Notably there’s been some selling since the transaction. But I think that’s understandable given the new shareholders in Corallian, the majority shareholder on Victory and a private company would have been given a route to the market and able to liquidate some of their holdings. I don't want to completely lose sight of connection between these two projects given there's newsflow expected to start imminently on both. But for now I'd like just to make a bull investment case for the one we should be receiving the news on first. That’s Victory. A Competent Persons Report exists on Victory but that is currently under review. The new one being prepared is thought to be substantially to the upside. I doubt we’ll have to wait very much longer now to find out if that’s the case as it’s due this month. RBD intends to sell and liquidate Victory later this year or in the early part of 2022. They've made that known which is perhaps the main reason why a new CPR has been called for. There are many methods that can be used to value Victory for the sale or indeed any of the assets in RBD’s portfolio. Victorys’ valuation (NPV10) is currently stated in it’s presentation to be around £146m. That’s based upon a gas price of 50p/therm ( link attached). According to Staista the forecast price of gas for the relevant period we’re looking at however is more likely to be around 38p/therm (link attached). If the lower rate was used the NPV would be nearer £111m all other things being equal.;cd=&cad=rja&;uact=8&ved=2ahUKEwiIjcmXmeDwAhXs1uAKHQaQALgQFjAJegQIAhAD& But I also recognise the method posted on bb’s sometimes based on an earnings metric. It's simple to use which makes it one of my favourites. So on that basis the current CPR tells us the flow rate from the field should be approximately 12000 (rounded) bopde when Victory is operating in it’s optimised state in 2024/2025 and that the field's life expectancy is approximately 8years. Based on the CPR then I think it's reasonable to assume the annual profit to be 12,000 bopde x $30/bo profit x 365 days when it's fully operational. Which give us $131.4m/annum I also think a p/e of 10 looks reasonable given the anticipated life of the field and it's location.So if that’s right that would give Victory a notional Market Cap of $1314.0m or £957.8m at the current exchange rate Also I think a reasonable Discounted Cash Flow factor from 2025 I should be around x 40% for the three to four years anticipated lead into production given the high annual ROI and other business fundamentals . That would give us a present day value of £957.8m x 40% = £382.9m We also know that RBD now owns 49.99% of Victory which puts RBD’s value at approximately £191.5m (£382.9m x 50%) And finally assuming RBD has around 9bn Shares In Issue we get to £191.5m ÷ 9bn to give us 2.12p per share. Amongst other valuation models generally used, most common is one that benchmarks the opportunity against similar ones in the same space and time. Those producing gas that is.This can be the most appropriate. But what’s coming out of these assessments is the NPV given in the current CPR looks skinny and perhaps that’s behind the reason for a new one. We’re about to find out if I’m right in a fews days. Professional Analysts or rather the better ones will use several methods and then take a weighted average. But of course the real value of anything material will be what an offeree is prepared to pay for it. In other words more of a commercial approach taking expert valuations as references. A commercial offer from a suitor may be more than or less than their respective valuers assessments. As often happens an initial offer may be less but is likely not to be the only one the offeror may make. So overall in a sale situation I think a suitor might look for as much as a 33.3% discount to a reasonable valuations by qualified experts. If that's right I believe we're looking at an acceptable offer of around 1.35p to1.50p per share as things stand. At the time of writing RBD’s share price is just 0.70p! That’s a demonstration that Victory could possibly have a sale value of RBD’s current Market Cap to the upside of 2x in it’s own right without counting any of RBD’s other assets. If the new CPR gives us a bigger resource as the Corallian & RBD the JV partners believe then we may have to reconsider the metrics I’ve used in the equation, not least of all the p/e ratio. It seems the owners are basing their judgement on new found information if they believe the current CPR is too conservative. I very much doubt they’re simply guessing. A clue lies on page four of the presentation on Victory, RBD states that "SLR has been appointed and an interim CPR of the resource range completed". That was in November 2020. Although the Interim CPR was never published it’s evident the information it contained must have indicated notably better metrics. Hence the new CPR having been commissioned. There's a direct correlation between a suitable p/e ratio and the life of the field. So for instance if the life is more like 15 years that would suggest the p/e should be more like15 so quite a difference. For now that would be my best guess and if I'm right that would put a reasonable selling price for RBD’s shares at between1.95p and 2.25p. Under the AIM rules one part of me is anticipating notice of the disposal of Victory within two months of the revised CPR and shareholders approval sought as appropriate under the class test rules. One part of me thinks that could well be the next update we hear on Victory and I very much doubt it’s far away and it’s needed as the first step to enable RBD to monetise the asset in Q4 this year or the early part of 2022 which is it’s intention. Zooming out however the other part of me is thinking a takeover of RBD could possibly be on the cards. I say that believing there’s a potential suitor is lurking and very interested in both Victory and West Newton and it seems too much of a coincidence that two CPR’s on the projects under interest are running at the same time. It makes sense for both any potential buyer and RBD to wait until both CPR's are out. I’ve rounded some of the metrics used in the calculations for ease of math. AIMHO
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