Sdx Energy Share Discussion Threads

[tli8jaguar] 23/3/2018 16:45

More customer
TYCHY, Poland – February 22, 2018 – Nexteer Automotive announces a new production facility in Kenitra, Morocco. Initially, Nexteer will use the facility for manufacturing Single Pinion-assist Electric Power Steering (SPEPS) systems and plans to extend manufacturing to driveline products in the future.

The new 18,000 m2 facility will be the company’s first in Africa and is scheduled for a ground-breaking ceremony in late March 2018. Once the facility begins production in 2019, it will be counted as Nexteer’s 25th plant in its global manufacturing footprint.

Nexteer strategically continues to expand its global manufacturing capabilities and align itself with its customers’ targeted regions. Consequently, Nexteer drives greater efficiencies, responsiveness and strengthens relationships with its global OEM customers.

Nexteer representatives signed the Memorandum of Understanding with the Moroccan Government to confirm its investment plans in July 2017. This was followed by the signing of the official agreement by His Majesty King Mohammed VI as well as Moroccan government officials and Nexteer Automotive representatives on December 11, 2017 in Casablanca, Morocco.

“Nexteer’;s key differentiators include our global manufacturing footprint and our in-house capabilities in producing high-quality, safety-critical steering and driveline systems. By establishing a new facility in Morocco, we are strategically aligned with our global customers’ needs. This location will also allow us to expand our geographic operations’ reach in both Africa and Europe,” said Hervé Boyer, vice-president and chief operating officer Europe and South America Division at Nexteer.

[royaloak] 23/3/2018 15:56

Hi Geraldo

I was quoted 53 cents to buy in Canada, at the exchange rate at that minute that was 51.62 pence to buy so London was the cheaper option, at 50p at that time. I keep some canadian currency with my broker so I always look for the best option at the time.

[thegreatgeraldo] 23/3/2018 14:37

Not much in it - depends how greedy your broker is on the FX front, suspect not many are getting 1.8150 or so!

[royaloak] 23/3/2018 14:20

Cheaper to buy here than Canada at the moment.

[thegreatgeraldo] 23/3/2018 13:45

Looking at the initial reaction in Toronto, I wondered if the company had forgotten to release the results over there....I checked & they hadn't! ;-#))

[thegreatgeraldo] 23/3/2018 13:02

Oh dear, not PW on overactive directors again?

[haideralifool] 23/3/2018 12:33

The financials are out, drill results are some way away, perhaps they're not in a closed period?

[captain james t kirk] 23/3/2018 12:31

HAF
Perhaps he will put his money where his mouth is :)

[haideralifool] 23/3/2018 12:19

Not sure whether it's a -ve or +ve when the CEO is broadcast telling people to buy the shares.

Perhaps I've led a sheltered life, but not seen anyone else do it.

[kaos3] 23/3/2018 11:51

not 20 -30 % increase - 100 % increase of the boed

[parisv] 23/3/2018 11:32

new proactive interview

[parisv] 23/3/2018 11:15

March presentation:

results presentation

[sleveen] 23/3/2018 09:52

Unexpectedly large DDA having an effect here.

If the share price falls further than probably represents a good buying opportunity.

[kaos3] 23/3/2018 09:17

happy holder. concise write up. a clear plan for this year. fast development, testing, approval, contract, logistics operation. can not be much better.

adding investments cost - they Will spend all produced cash + ills paid due to finish the year 2018 with what "20 - 30 %) higher production and a little less cash in the bank.

no plans for the heavy oil - or do i read it wrong?

good times in Egypt and in Marocco - there should be some cash back to the shareholders - as good times never last forever.

[haideralifool] 23/3/2018 08:48

Obviously the cash figure is flattered by the fundraise in 2017 (dilution for us), but we should be seeing the positives out of that this year as they connect up the finds to customers and generate more revenue.

[shakeypremis] 23/3/2018 08:31

Whatever Canada does here makes no difference, it always ends up going back down again to whatever it is on AIM. How much longer can this company keep on getting better and more valuable while the share price doesn't reflect that value???

[griffin81] 23/3/2018 08:27

Very true Shakey, hopefully when our Canadian friends wake up, they will inject some sanity into the share price...

[griffin81] 23/3/2018 08:25

My understanding relating to the gas price is that it is linked to the size of discovery and the cost of production. With the next drills imminent in SD, new discoveries will change the dynamic and feed into the gas price negotiation.

[shakeypremis] 23/3/2018 08:22

Haven't been able to get a live quote to sell all morning so far. I think someone is dumping in to this fantastic news. Shares often do go down on good results and if any share can do it, it's definitely SDX. Sigh.

[haideralifool] 23/3/2018 08:18

Brokers have been reducing their assumptions down to $2.5. If it's less that will have an immediate negative impact on the share price

I'd been hoping that the company guidance was conservative and we'd expect a bit more, leading to a little share price boost on confirmation.

[owenga] 23/3/2018 08:13

Looks like a key issue is how much Egypt will pay for the gas. I have heard anything between $1-$2.5. How much does it actually cost to produce?

[griffin81] 23/3/2018 08:03

Since the end of 2016, total assets have increased from 41m to 141m, revenue, cash and reserves have all increased and the results don't include the latest gas and oil discoveries. Solid 2017 and should set up a much bigger 2018 as the discoveries are connected and the drilling program continues. Decent results, and I'm pleased / relieved to see an additional $6m paid from outstanding receivables in Egypt since the year end.

[owenga] 23/3/2018 07:32

Still trying to digest the numbers. Very poorly set out. Admin costs doubled to over 6m. Huge non cash depletions so actually made a loss in quarter but good cash profit.

[haideralifool] 23/3/2018 07:20

Prelims standouts:


1. The SD-1X well also drilled into deeper, potentially oil-bearing intervals beneath the main objective where it encountered hydrocarbon shows. This deeper interval could not be logged and an additional well, currently planned for 2019, will be required to test this interval.

2. Egyptian gas price still under negotiation.

3. Since December 31, 2017, a further US$6.0 million has been received from backdated receivables which has helped the cash position to grow to US$30.6m as at February 28, 2018

4. As at December 31, 2017 the Company’s working interest share of audited 2P reserves was 13.5 mmboe(1). This represents a 45% increase on the combined 2P reserves of the Company and the Egyptian and Moroccan businesses of Circle Oil PLC (“Circle Oil”) as at December 31, 2016.