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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Zephyr Energy Plc | ZPHR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.20 | -4.40% | 4.35 | 16:18:36 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.55 | 4.30 | 4.55 | 4.35 | 4.55 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 31/3/2024 20:37 by jaknife arooster,Thank you for the warm welcome. I appreciate that cash flow projections are not easy for everyone. Let’s look at the last interims as a starting point: * Revenue down 44% to just $13.4m * Loss after tax of $2.3m * Zephyr started 2023 with $9.0m of cash and ended H1 with $6.2m of cash. * However, this ignores that (a) Zephyr placed to raise funds in H1, and (b) Zephyr raised additional funds by drawing on its debt facilities * Net debt at the start of the year was $16,397 (gross debt of $25,393k less cash of $8,996k) and at 30 June 2023 was $27,526 (gross debt of $33,714 less cash of $6,188) * So net debt increased by $11,129k over H1 and additional equity (net) of £3,692 was raised in H1 * Hence Zephyr burnt cash of $14,821k ($11,129k + £3,692) in H1 Much of Zephyr’s additional cash burn in H1 was from having to stimulate and re-stimulate its various wells. This is shown as capital expense in the cash flow statement rather than being a line item in the P&L and is one of the reasons why most investors are surprised to learn how much cash Zephyr burns compared to the P&L that it reports. Nothing has happened at Zephyr to change the core economics in H2 of 2023, ZPHR continues to burn cash. And that's why Zephyr is destined to do yet another placing in the near future to raise yet more cash! In many respect Zephyr has a lot in common with Canadian Overseas Petroleum: 1. Poor assets that burn cash 2. Lots of debt to finance those assets 3. An over-promotional CEO who doesn't highlight 1 and 2 when he's bigging the company up, and 3. A retail shareholder base that doesn't understand 1 to 3. JakNife |
Posted at 27/3/2024 12:18 by oilbuy None of the folk in ZPHR are saying lol , they aresaying lovely rerate.Clearly buyers are in for the main drill and todays RNS has added some spike. Most investors probably didn't realise about the Helium deal but now they do |
Posted at 27/3/2024 12:09 by argylerich So ZPHR make an announcement with no new information bar making it clear that they have no money to do the initial drill at Salt Wash ... and the share price rises. LOL |
Posted at 27/3/2024 08:55 by oilbuy Maybe yes , maybe no !Been like this over the last couple of weeks , let's see if the buyers coming after the sells dry up.For me ZPHR is in rerate mode ! |
Posted at 27/3/2024 07:06 by candlestick1 Zephyr Energy PLC - Salt Wash helium project update #ZPHR @ZephyrEnergyPlc https://www.voxmarke |
Posted at 26/3/2024 11:45 by oilbuy Building sentiment is key to any stock and this is what I like about ZPHR over the last few weeks.Can also see a pattern in the churn , nice to seea break of 4p. Results are one thing but sentiment will keep folk investigating and it seems to be coming back after a long time. Hopefully the stock will hold and investors will stay interested. |
Posted at 19/3/2024 19:34 by saint in exile Nice quiet civilised board here.Been out of Zphr for a while but back in.Looking forward to the upcoming re drill. |
Posted at 18/3/2024 11:48 by oilbuy It's very simple , it's a complexed basin but once it's unlocked ZPHR could be a monster. |
Posted at 18/3/2024 11:04 by saucepan Breaking 3p is technically significant. I am rather surprised how quiet this thread is. Perhaps ZPHR is not so well known to Joe Public as I thought. If so, that also augurs well. The herd is still to arrive. |
Posted at 15/3/2024 07:10 by candlestick1 Zephyr Energy PLC - Award of rig contract to Helmerich & Payne #ZPHR @ZephyrEnergyPlc https://www.voxmarke |
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