Sdx Energy Share Discussion Threads

[neo26] 06/12/2023 11:12

No one is stopping him to speak.

[roman2325] 06/12/2023 10:07

Neo let the man speak please

[neo26] 06/12/2023 09:53

This will partly be reason why net cash from end of dec 22 was $4.9m and 6 months end of june 23 its reduce to $3.5m. Egypt didnt pay on time compare to prev year. Imho it has to be sold for around $20m, this is an discount already..Lets see sdx...

[neo26] 06/12/2023 09:43

So it begs the question what does $10m in receivables, $6.7m cash in egypt, South Disouq and West Gharib go for? Judging by the time its taking it should be a decent amount even though an discount will be given. Watch this space..

[neo26] 06/12/2023 09:40

Looking back at the receivables, around $9.8m accounts for egypt operations. In 6 months ending june 23 the receivables for SOuth Disouq increased by another $2.5m and in West Gharib it decreased by $1m. So all in all an additional $1.5m could have been added to cash balance at the end of june 23 if the status quo continues and egypt paid on time."$9.8 million (31 December 2022: $8.4 million) of current receivables relates to gas, condensate sales and production service fees that are due from GPC and EGAS, both of which are Government of Egypt-controlled corporations. The Company expects to collect outstanding receivables of $7.3 million (31 December 2022: $4.8 million) for South Disouq, and $2.5 million (31 December 2022: $3.6 million) for West Gharib in the normal course of operations."

[roman2325] 06/12/2023 09:31

Morning Winnet - keen to hear...what would make you buy back in (forgetting portf. allocation for a second)?

What would you like to see from the disposal news if that's the kicker? (or not at all of course)

[neo26] 05/12/2023 22:20

Yea no worries just your yesterdays post was bit negative.Nothing is certain in life but the odds for the sale are high. By now all paperwork would be set. Company would know if buyer is going ahead.

[winnet] 05/12/2023 19:49

Hi neo, not any trades today but obviously not wanting to willy wave and identify individual trades.

I'm just rebalancing to suit my risk profile. It means less ssx. I think it'll be okay but made a lot on the recent jse move so wanted cash for that.

[neo26] 05/12/2023 17:52

Remember the new strategy update was due for months, its only now they issued it. They wanted to make sure the disposal occurs and they could go along with the 10 well drill.There options trigger at 12m mkt cap that 55% premium to current mkt cap. Its happening imho.Near the end.

[neo26] 05/12/2023 17:49

I dont think it will fall through now, sdx has stated they just waiting for the signatures.I dont think they would have wasted so much time if it wasnt going to happen.The board no longer talk about egypt asset and the presentation had nothing on it. It will get disposed.Remember the had multiple offers. Not just one.

[littlened] 05/12/2023 17:42

And don’t forget that Shore Capital have maintained their 19.5p share capital throughout .

[littlened] 05/12/2023 17:39

Just look at the assets .Even if this deal fails our assets are attractive to others and worth much much more than the current share cap

[neo26] 05/12/2023 17:17

Exactly...Im convinced we will get good news before christmas.

[littlened] 05/12/2023 17:15

If you think £4000 is a big seller what about the buy today !

[neo26] 05/12/2023 16:30

Which trade was yours?

[winnet] 05/12/2023 16:24

There's some heavy selling going on here. Seller is persistent. It's got fundraise / bad news written all over it. For clarity, I have disposed of a hefty chunk.

Will buy back in on the disposal news if it aligns with my targets. Still, I retain some, but perhaps i got over exposed without considering the downside...

[roman2325] 05/12/2023 13:41

Winnet I tend to agree but this is serious egg on face (straight out of the blocks) if this deal were to fall through for the new board. Judging by the strength of their comments (tea leaves I know) plus the new options they awarded themselves the deal goes through - just at what level/when. I don't expect a rush of buyers (why would they? We already know the strat moving forward) but I do expect the selling to stop and a (slow) move upwards.

[neo26] 05/12/2023 11:37

Remember there was multiple offers why would large international buyer want sdx. In Welch era 3d seismic pointed to deeper oil targets in SD.Anyday now..

[winnet] 04/12/2023 17:53

I kind of agree, although I would say it is "if" as opposed to "when", hence the share price. Until it's done, it's not done and they are burning through cash the longer it takes ...

[neo26] 04/12/2023 17:38

Some on here think the price of egypt disposal is priced in. Mkt cap is ONLY 8m, the mkt just needs confirmation whether the sale happens and at what price. Once that happens we finally rerate. Remember director options they trigger at 12m mkt cap. Thats 50% more than current mkt cap. They are not stupid how much clues does one need.Literally anyday now we can get an rns confirming the disposal.

[neo26] 04/12/2023 15:04

Post for Roman

[neo26] 04/12/2023 15:03

See this is the thing if you already gonna start thinking of burn rate etc etx you shouldnt be investing in aim stocks. Sdx have given their new strategy to market. Planning on drilling 10 wells in morocco which will allow to have 2 years worth of reserves for sale. Significant income will come in for the next 2 years so company will be good. Also citic are willing to pay upfront for their gas so sdx will do ok.They will also look into connecting the pipeline to the spainish pipeline.Sdx are alot better positiom like BCE and they have double mkt cap etc etc

[littlened] 04/12/2023 13:23

Roman,Egypt will be much happier with a multinational than Sdx .The former will bring foreign currency in ,rather than out.Secondly the ‘market’ is mainly small investors who don’t trust SDX very far ,even with a new BOD.There is little interest in small caps throughout the market so a tiddler is off the radar for all but loyal fans who have little cash theft to invest

[roman2325] 04/12/2023 12:52

Neo - thanks but the market knows all of this. It is already in the share price. Blackrock are not going to jump in when the sale goes through and open a £2bn position.

Plus (as I keep repeating) SDX have to get this signed off by the Egyptian government, they are not bargaining with a 2 year old.

The question is how quickly are they going to burn through that cash when it comes in. This is not a sum of the parts industry.

In my opinion this is due a pop when the seller stops holding it down, not because 'we know something the market doesnt'. Check every O&G bulletin board in history and 75% of posts say 'when the market wakes up this will rocket' LOL