Wentworth Resources Investors - WEN

Wentworth Resources Investors - WEN

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Stock Name Stock Symbol Market Stock Type
Wentworth Resources Plc WEN London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 23.00 08:00:00
Open Price Low Price High Price Close Price Previous Close
23.00 23.00 23.00 23.00 23.00
more quote information »
Industry Sector

Top Investor Posts

rolo7: theres another wen presentation at proactive investors on thursday!
dubai123: Anyone on the live investor presentation on investor meet company.
rolo7: hxxps://wentplc.com/investors/financial-calendar/
speny: Katherine is on the proactive investors event tonight, I'll be logging in to see if she drops any hints as to the future, which is possible as it's an investors event.
speny: Good to see the price has started moving up over the past couple of weeks. I see Katherine Roe in on the panel for the proactive investors energy event on Thursday. If anyone is interested in seeing what she has to say, here is the link https://www.proactiveinvestors.co.uk/register/event_details/311
rolo7: Theres a analysis note on wentworth investors website price target of 40p nice long read!
ntv: so what do the Norwegian investors( A presumption I know ) want from the company? Any chance any of them can post here so we can see what they want to happen please
easybrent: I have been a shareholder from the delisting in Oslo but I have followed the stock for probably 10 years. I thought the stock would perform better after the Olso delisting overhang had gone and the market would appreciate the stable operational performance and substantially better financials. But I have been wrong. This has resulted in that the stock has become silly cheap. I think the lack of share price performance is due to 1) E&P has been totally out of favour the last year due to environmental sentiment, which shouldn’t impact WEN which is a pure natural gas play which is probably the best combination with wind and solar power etc. But investor seem to have put WEN in the E&P category as any other oil pure play, 2) The mcap is so small that institutional investor has very little interest, the institution on the shareholder list has been in the stock for ages and there hasn’t been any new additions. 3) I think the stock still suffer from the challenging period the stock had in the past with slow ramp-up in production, debt issues and a few placing, 4) The management isnt promotional at all so the interest from retail is weak. AIM retail investor seem to prefer to invest in junk where the CEO is promising most. Katherine Roe isnt promising much but she is delivering real things. Its 2020 now and the mcap is £35m and the company should have +£10m in net cash and no long-term liabilities. Based on my excel model where I conservative assume modest production growth in 2020, the company will generate $15m in FCF (£11.3m) in 2020. We have an enterprise value of £25m today and looking to generate £11.3m in FCF this year, this is crazy cheap. Eskil Jersing left the company as he wanted to acquire asset in a larger geographical area while the board wanted to focus on East Africa. I think the BOD made the right decision, its hard to make accretive acquisition and with the current valuation the only thing the company should do in terms of investment is buying back their own share. The decision to make Katherine CEO and keep the CFO role, was a good decision, it further shows that the company is purply focused on milking the current asset and keeping SG&A low. I have increased my holding over the past few months as I think the stock is very cheap and it wont stay like this forever.
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