Share Name Share Symbol Market Type Share ISIN Share Description
Wentworth Resources Plc LSE:WEN London Ordinary Share JE00BGT34J81 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.25 1.39% 18.25 23,299 08:00:04
Bid Price Offer Price High Price Low Price Open Price
17.50 19.00 18.50 18.25 18.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 14.05 0.74 0.75 23.1 34
Last Trade Time Trade Type Trade Size Trade Price Currency
14:50:32 O 2,800 19.00 GBX

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Date Time Title Posts
07/5/202020:32Wentworth Resources PLC : When will the market rerate?48

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Wentworth Resources Daily Update: Wentworth Resources Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker WEN. The last closing price for Wentworth Resources was 18p.
Wentworth Resources Plc has a 4 week average price of 16p and a 12 week average price of 16p.
The 1 year high share price is 24p while the 1 year low share price is currently 15.50p.
There are currently 186,488,465 shares in issue and the average daily traded volume is 56,748 shares. The market capitalisation of Wentworth Resources Plc is £34,034,144.86.
ntv: Most II are not really bothered about doing anything about the share price or the internal politics in companies. it is all about number crunching, portfolio %'s especially as it might be tiny in a portfolio or an inherited portfolio. That is why some people can pick up shares cheaply in small companies I would have thought it might be worth approaching the current II's and see if they will get on board, you never know your luck
ntv: Maybe they will be bid for at some point. Cash flow is hopefully good at the moment Directors don't own that many shares They don't have any real background in buying any assets for diversification The Mozambique licence was a total waste of time and money the best thing to do is keep raising the dividend and then they will gain some sort of credibility as the share price is close to an all time low they also lost credibility over the Oslo delisting because the shares have never been bought back. At least they are one of the few companies able and willing to pay a dividend at the moment I nearly bought some more as 18p was tempting but we have too many already and this has been a steady under performer for a while now Maybe larger II can get things changed here A large increase in the dividend will do nicely while we wait to see what is going to happen
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.
Wentworth Resources share price data is direct from the London Stock Exchange
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