Valeura Energy Share Discussion Threads

[pre] 13/12/2019 16:14

just come across this...wow, this is a crazy drop - This had a broker forecast of over 550p a few months ago (August). Director buys close £1.45...and well funded with no debt.

'..At the same time, it is important to highlight to everyone the strength of our Company. Valeura has over $50 million of cash and holds no debt. We continue to generate positive cash flow from ongoing production, and in addition carry 2P reserves of 7.4 million boe; valued at $88 million as of our last external audit. Financial returns associated with our production and reserves continue to improve with strong netbacks of over $33/boe due to Turkey's attractive fiscal terms and gas price realisations of nearly $10/Mcf... ‘

[mister md] 13/12/2019 15:38

‘At the same time, it is important to highlight to everyone the strength of our Company. Valeura has over $50 million of cash and holds no debt. We continue to generate positive cash flow from ongoing production, and in addition carry 2P reserves of 7.4 million boe; valued at $88 million as of our last external audit. Financial returns associated with our production and reserves continue to improve with strong netbacks of over $33/boe due to Turkey's attractive fiscal terms and gas price realisations of nearly $10/Mcf. ‘

[dave444] 13/12/2019 15:33

Looks very cheap!Bought a few

[mister md] 13/12/2019 14:58

looks cheap, with a big cash pile. Whats the catch ?

[qs99] 29/11/2019 15:12

still no posts?

[qs99] 29/11/2019 14:37

empty thread, yet a decent update today?

[red5] 11/8/2019 07:43

how do we think this is going to do tomorrow as it reports

[red5] 10/8/2019 11:32

a very big bid offer spread any ideas where this might be heading?

[glennborthwick] 26/4/2002 09:54

looking closely at ukc

[neg] 25/4/2002 20:21

UKC
Quite like Rank, has been unloved for years, but interesting play with the reform of Casinos etc.

[glennborthwick] 25/4/2002 18:50

one to consider then - whats its ticker

other short lists were united utilities and rank - not so great dividend but some upside

[neg] 25/4/2002 18:06

Have you considered Uk coal, pays dividend of over 10%, and has property assets (ie industrial parks and development land) of 80p per share. Does not make any profits but that is due to the huge depreciation charge, the key with this one is cashflow and it generates buckets of it, look how it has paid off all its loans since flotation. Dividend is likely to be increased and there is the possibility of returns of capital.

[glennborthwick] 25/4/2002 17:52

couple of typos - sorry

barlo (no w) - just ruled this out having read interims
northamber is the proper spelling
volex (still concerned re lack of capital spending) - probably off list
stirling group looks like favourite - clothing manufacturers
firth rixson in aerospace which might have been over hit by sept 11th

not sure on renold

gradually narrowing it down - looking to buy 3 at this stage. another 3 in three months time then gradually build to ten as my value portfolio

[neg] 25/4/2002 17:41

Barlow- never heard of them, not showing up on CD refs.
Dowding and mills, trades just below net asset value, pays a good divi but I would be concerned that borrowings have risen each year and the directors own only .5% of the company.
Volex, one on my watch list, dividend only 4.3%, and gearing high at 84%, but when the electronic sector turns this could indeed move a long way. I would like to get in around £2!
Firth Rixson, directors own only .23%, dividend around 4.3%, very low turnover to price and could move significantly once operating gearing gets underway. One for me to look at in more detail i think!
Renold I own this one and am just about making a profit having bought it last Autumn I like the yield and it looks to have turned.
northern plat r?? don't know this one.
Fletcher King very small market cap just over 2m, you may have difficulty with liquidity issues in buying/selling this stock.
Stirling Group, I hold this one as well, and bought more last week at 25.5p. Nice dividend yield and looks cheap.
Hope this helps.

[glennborthwick] 25/4/2002 17:16

so here is my shortlist of value plays all paying a hefty yield on first impressions;

Barlo
Dowding and m
volex
firth rixson
renold
northern plat r.
fletcher king
stirling group

if you hold these, can you share any crucial thoughts please.

[glennborthwick] 17/4/2002 13:28

thanks building up some choices

[neg] 17/4/2002 13:14

SNCL and STRG. I have also got 600 group see a lot of potential with this one, especially with industrial production picking up, and it pays 9.6% dividend.

[glennborthwick] 17/4/2002 13:11

what are the tickers?

[neg] 17/4/2002 13:02

Couple of suggestions: William Sinclair and Stirling Group, both pay high dividends 7.5% and 9.6% respectively, are on low price to sales value, low PERs and have low gearing.

[glennborthwick] 17/4/2002 12:23

Not quite what im looking forward. criteria yield greater than 5% with recovery situation in mind.

[indalo] 17/4/2002 09:45

Forger the divi, but if you're after gains look at ML Labs....Once a high flying pharma, now bombed out and disposals imminent that are likely to make a mockery of the market cap. Also has some potentially HUGE products already marketed with licensees such as Celltech, Shire, Baxter...Just recieved £16m government funding for trials an AIDS prevention gel.

The chairman's mate has been buying shares heavily, as have some other smart cookies (myself included..lol)

Management have alingned themsleves fat options at current levels...a good indication of a bottom IMO.

Market cap of £65m could be covered by cash on disposals of non-core assets.

Innovata Biomed tipped to raise £50m....DNA manufacturing unit (one of a very small number of GMP approved in Europe) thought to raise £20m in a trade sale.

The results of the strategic review in January flagged up these two disposals as "in the very near future". AGM is on the 29th and there is rumour that the divestments will be announced prior to this.

Not without risk, but downside limited IMO, simply because the remaining businesses are EASILY worth this much regardless of the disposals.
DYOR

[glennborthwick] 17/4/2002 09:35

i like plr but no divi

[monty burns] 17/4/2002 09:27

HNL, VLX, EXD, old style industrials, clobbered mercilessly, all enjoying a sustained recovery, presumably backed by income fund buying. I only hold EXD, have held HNL and VLX in the past.

DEB - same field as NEW, may be good for 20%.

PLR - oil stock, PE of around 5, NAV rounghly equal to market cap, spectacular growth, no real market enthusiasm (yet).

Just a few thoughts.