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Share Name Share Symbol Market Type Share ISIN Share Description
Rockrose Energy LSE:RRE London Ordinary Share GB00BYNFCH09 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 645.00p 13,583 12:02:26
Bid Price Offer Price High Price Low Price Open Price
630.00p 645.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 5.51 54.84 -37.76 100.1

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Date Time Title Posts
21/1/201913:18RockRose Energy PLC505
21/8/200608:54Russia Real Estate Development Ltd1

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Rockrose Energy Daily Update: Rockrose Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker RRE. The last closing price for Rockrose Energy was 645p.
Rockrose Energy has a 4 week average price of 520p and a 12 week average price of 520p.
The 1 year high share price is 710p while the 1 year low share price is currently 300p.
There are currently 15,513,643 shares in issue and the average daily traded volume is 37,713 shares. The market capitalisation of Rockrose Energy is £100,062,997.35.
homebrewruss: I sold out today given the oil price drop last night. I was too exposed to oil stocks so have taken some risk off the table for now. I hope to come back in the new year once oil prices have settled down a bit. This article got me thinking that oil might still have further to fall which while RRE is less exposed too and is still undervalued (and may provide opportunity for acquisitions) may well create a drag on the share price for now. hTTps:// I think if you take an owners view on RRE it will be good but there is likely to be more volatility at least in the short term.
basem1: Thanks homebruw. Ebitda $100m this year. Market cap less than 1 years Ebitda. Sees production at 20,000 bopd within 12 months. Decommissioning costs are reducing. Sees further buybacks and or dividends to shareholders. Nothing as cheap as themselves out there to buy at present. Market starting to wake up to the absurdly low share price against current valuation. CEO 28% stake - interests aligned with ours. Tender offer to give an out to an existing holder who wished to sell. Reinforces what we already know and more. Incredibly undervalued stock at present. £15 would still make the market cap below £200m
goodbloke1: Is the offer likely to be much higher than current share price?
cf456: "With a cash balance of around £30m, the current Enterprise Value (EV) of Rockrose will be a mere £53m post-buyback – considerably less than the income it expects to generate over the coming year. Today’s production of 11,000 boepd simply isn’t baked into the share price, let alone the future growth potential on offer over here." hTTp://
cf456: Recent Whitman Howard note: "Tangible, compelling valuation: Assuming full take up of the tender offer, our DCF of RockRose's producing assets defines a core NAV of 1122p, significantly above the current share price. Our risked NAV of 1460p attributes some risked upside to the Tain and Arran development and a potential FPSO extension and low risk drilling around RockRose’s key assets, which could nearly double existing 2P reserves. Our unrisked NAV is a lofty c2370p. Our valuation is supported by peer analysis (implied valuation range c1700-3100p) and an independent CPR valuation."
cf456: Agreed mad foetus. Broker note out from Whitman Howard with a 1460p target. "We initiate coverage with a BUY recommendation and a TP of 1460p, representing significant potential upside of 156% from the current share price, a gap we believe will close quickly once investors realise RockRose is trading at a sharp discount to fundamental value." hTTps://
mad foetus: Agree with that cf, though it is an unusual company in that it has the clean up costs to pay at the end of life. I think that complexity puts some investors off, but the upside is that PIs who can understand it can buy at a very cheap price. In a completely different area, BURford is similar: a different model means that many investment committees don't get/won't consider it, leaving PIs free to buy something that is fundamentally undervalued. But I would expect growth here to fuel the share price, rather than a sudden understanding from the market that it is undervalued.
cf456: Good post from the lse BB: --- "If joe blogs has 1 share, representing 10% of the shares in a £10m company, his stake, and his share is worth £1m. Now, assuming there is no price action, if the company buys back 5 shares (half of the shares) and cancels them, the market cap is now £5m and there are 5 shares left in circulation. Joe Bloggs still has his 1 share, which now represents 20% of a £5m company. This equate to £1m a share. If the company make £5m a year profits, and assuming this fact is unchanged by the share buy back, the PE ratio when there was 10 shares would be 2. In the situation where there are only 5 shares, the PE ratio is now 1. Lets assume that when there was 10 shares the company's PE ratio was at fair value of 2. IF there are only 5 shares and the PE is 1, then the share price should in theory have to appreciate by 100% to get to 'fair value' of PE = 2. People saying RRE market cap will go down by 20% are correct and people saying that the share price will go up by 20% are correct in theory. The difference is that the former is guaranteed, and the latter is not. Having said this, wiping out sellers equivalent to 20% of market cap would massively tip the balance of buy vs sell pressure toward the buy side, and this is why i am very excited for the execution date to pass as not only will the company be more undervalued due to having the same operating incomes but with a smaller market cap, but there will be an absense of sellers dampening any share price appreciation that follows."
crooky1967: Could they be worried about a takeover bid if the share price is so low? RRE are well undervalued based on some other oil companies.
homebrewruss: I just think it's a bit odd that the bod are that concerned with the share price.
Rockrose Energy share price data is direct from the London Stock Exchange
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