Sdx Energy Share Discussion Threads

[neo26] 29/9/2023 09:25

Also not very clear, they state they agreed cln with aleph in first half of year but this was in july. They stated 2m will pay off loan have they put this in h1 accs as they had 5.5m loan in dec 22.

[neo26] 29/9/2023 09:22

WinnetIs this the reason why they taking so long disposing it letting the cash burn.When they released the disposal rns they said "It is envisaged that the Disposal, if completed, would constitute a fundamental change of business pursuant to AIM Rule 15 - the consideration, as currently calculated in the Heads of Terms, will significantly exceed the market cap Consideration Test threshold."Mkt cap was 8m at the time and the mkt cap threshold would be 75% which is 6m. Significantly higher than 6m will likely be 10m pounds.The company know the figure and deliberately not telling the mkt. I want directors to buy shares but since the figure is not known these guys will claim they are in close period.Why would it take over 4 months for a large multinational operator to complete deal?I await the disposal. Aleph owes us one, they shafted shareholders by rejecting takeover and then on top of that they do a cln with 20% interest.

[winnet] 29/9/2023 08:49

although Neo, the cash was just 3 million allowing for debt, so what figure sdx ends up with will be based on assets. My estimate, given the market cap test, is about 10 million USD.

Lower than thought, hence the overreaction this morning, but still material.

[winnet] 29/9/2023 07:29

Encouraging that the deal remains firmly on track...

[neo26] 29/9/2023 07:27

Yes 6.7m.As expected my guess was correct.. i expect it to go for around 12m pounds.Will be like a new company.

[winnet] 29/9/2023 07:21

There's 6 million in the kitty.

They badly need to get rid of Egypt.

[neo26] 28/9/2023 20:21

Winnet In morocco sdx has large acreage, at the moment they are managing to find pockets of gas to fill the offtakers. Im convinced they will find large resource just like prd and sou have.Also aleph willing to fund projects in morocco.With regards to H1 results, production and revenue likely down due to dollar issues. What will be interesting is the overall cash position as most is held in egypt. If they have over $6m then one can assume we will get good price for the assets. Revenue and production doesnt matter tomorrow.

[winnet] 28/9/2023 19:09

I'm confident of a move up from here.

Morocco is small, but a captive market with scope for growth.

Egypt is being sold, but will be valuable to the right buyer.

Production numbers will be lower than last year, but when all is said and done, it's not really material if some indication of HoT or sale price is disclosed.

Would be nice to see a small special div following a sale of 15 million USD. even a few p per share would reward holders for being shafted so much.

[neo26] 28/9/2023 09:34

Thats where sdx will concentrate.Egypt will be sold.

[tnt99] 28/9/2023 09:23

Good news in Morocco gas find will start pumping soon

[neo26] 27/9/2023 15:32

Mkt cap 7.67m. Makes a mockery.Jay and Gould promised new startegy to mkt imminently. Still waiting..Interims out within 2 working days..

[chrisdgb] 27/9/2023 15:27

Crazy price whatever............

[neo26] 25/9/2023 20:31

WinnetHow do you get 16p? Thats 32m mkt cap. It appears they had $10.6m cash in egypt in dec 2022. With sdx unable to take dollars out of egypt, what will the cash be this time round? If its still around that figure then $20m disposal is possible. Lets see...

[winnet] 25/9/2023 17:06

i'm hoping that an Egypt sale will be 16p plus... so no, don't regret voting against it...

[neo26] 23/9/2023 15:26

Who else thinking that 11p takeover is looking good now.

Im really surprised they went back to get loan from aleph and that too with 20% interest. It was Aleph who destroyed shareholder value.

They should have issued results by now, hiding and delaying to last minute is unacceptable.

Also HOT agreement clearly has sale figure, this should be shared with market.

[neo26] 22/9/2023 16:24

Egypt was a drag. Should have purchased another asset ages ago. I recall how i3e managed to pick up oil and gas asset producing 10kboepd for around $40m. Sdx could have easily done this.They did have ample of cash prior but was spent on high capex drillin wells in SD and Morocco.

[neo26] 22/9/2023 16:10

This is what we are waiting for a new strategy, likely will be an aquisition on 2024

[winnet] 22/9/2023 08:49

Apologies for my pedantry.

Any rerate will mean some interest [and hence return] is probabble. What plan has management got to reward long-standing shareholders who are deeply out of pocket?

[neo26] 21/9/2023 09:50

I have screen cover on my phone, the u is next to i.Couldnt edit it..

[winnet] 21/9/2023 09:27

*impatient

[neo26] 20/9/2023 13:34

The unpatient may regret it.News out by next friday.

[neo26] 19/9/2023 13:13

Gone up on no trades, rns logged?

[neo26] 15/9/2023 19:23

Sdx will only release the sale figure once they have signed the deal, maybe the other party wants to stay anonymous until deal is signed.Sdx have stated they want the deal to be concluded by year end, we will find out the sale figure before then as sdx has to give 4 week notice for egm and also they need permission from egyption authority.The share price crashed at end april 2023 when they issued results, it stated company was finding it difficult due to egypt not allowing $ to be removed out of country. Now that they have signed HoT for disposal i can see the share price recovering. Within 10 working days we will get interim results.

[winnet] 15/9/2023 15:45

few buys today. looking better.