Zoltav Resources Share Discussion Threads

[soggy] 10/10/2016 16:49

Whoa - what's with the going down thingggg?? Come on, we want th going up thingy, we like that much better...

[bsg] 10/10/2016 15:45

ZOL, oils going up ...

[swizz] 05/10/2016 16:38

Decent close, albeit in very light trade,...T34 It is bonkers....GL S

[t 34] 05/10/2016 15:37

It is a sickness , £400 added £3mln to the Mcap. System is wrong here.

[bernieboy] 05/10/2016 15:32

T34 yeah serious! How mad is that! Ha ha ha......

[bernieboy] 05/10/2016 13:09

On the plus side my Dad's additional 400 quids worth pushed the price up 9%! :-)

[bernieboy] 05/10/2016 13:08

Yep sad really.......

[brad44] 05/10/2016 09:34

i dont take much notice of brokers at all in general, however there is a massive difference between the two!!

we must be one of the most unloved shares on the exchange

[waldof] 05/10/2016 08:55

The brokers note from Shore Capital and they have upgraded their Risked NAV to 125p a share.
Too bad that the price nowhere near reflects that.

[swizz] 30/9/2016 14:48

Pc3, probably spot on for timing, as Shore's last note was circa April of this year,......GL S

Zoltav Resources shares rise after maiden first-half profit

26 Sep 2016

Russian gas group reported a maiden pre-tax profit of US$1.6mln


Zoltav believes the eastern fields of its Bortovoy licence hold considerable resources
Shares in Arkadiy Abramovich's Zoltav Resources Inc (LON:ZOL) soared more than a quarter after the Russian oil & gas group made its first profit.

The stock ticked up 2.5p, or 10.2%, to 27p after Zoltav reported a maiden pre-tax profit of US$1.6mln versus a loss of US$2.5mln a year ago.

Zoltav attributed the progress to good operational performance, cost-cutting and a higher gas sale price.

Arkadiy Abramovich is the son of Russian oligarch and Chelsea Football Club owner Roman Abramovich.

He is Zoltav's joint largest shareholder along with a vehicle of Russian coal magnate Valentin Bukhtoyarov called Bandbear Limited.

Pre-tax earnings before interest, depreciation and amortisation (EBITDA) more than doubled to US$6.2mln from US$2.7mln last time.

The group reported a 4.4% increase in first-half production from its Bortovoy licence in the Saratov region to nearly 1.6 billion barrels of oil equivalent.

Operating cash flow increased to US$4.8mln from US$2.9mln a year ago and borrowings fell 8%.

Chairman Marcus Rhodes said the success came despite the increased weakness of the rouble against the US dollar.

He said the company was working to better understand the feasibility and economic viability of the development options for the “considerable resource” in the eastern fields of Bortovoy.

“The board believes this strategy will not only result in our transition into an attractive and profitable junior oil company - a path on which we are already well advanced - but also position the company very well should the rouble regain strength and as the oil and gas sector continues to improve," he said.

House broker Shore Capital described the results as very robust, adding: "Local gas pricing has been strong and we remain impressed by operational delivery from this high-quality Russian operator."

[...]

[bernieboy] 30/9/2016 11:05

They don't seem to have picked up any for quite some time paperclip. All buys recently.....

[paperclip3] 30/9/2016 10:27

Are the MMs attempting to pick up stock cheaply, while they can? Who knows

[paperclip3] 30/9/2016 10:25

I had a call from a pal of mine who tells me that he understands that Shore Capital have issued a research note that upgrades the risked NAV per share to £1.25 from the previous £1.02. He hasn't actually seen the note, yet. Is this the most undervalued share trading in London??

[ecoover] 29/9/2016 17:20

oil above £50.

[jammytass] 29/9/2016 17:04

full scale con

[waldof] 29/9/2016 14:35

Playing like a cat with a mouse...and its the shop too.

But there are serious plans going on...

Of course Syria, Ukraine / Putin does not help, but that will not last forever, he cannot afford it, and the two years is only just up.

Beside EU want things to thaw as a lot of German ( and other countries)companies are suffering with these sanctions.

One can have all this misery and then it can change in a heartbeat - and the misery is soon forgotten,

[swizz] 29/9/2016 13:59

The Ukraine and Syria affect? ..... GL S

[bernieboy] 29/9/2016 13:42

At this rate I may get a chance to beat my previous buy at 19.32!

[bernieboy] 29/9/2016 10:59

WTF! This is truly ridiculous! What gives?

[bsg] 29/9/2016 10:06

Seem to be heading in the wrong direction, again?

[bernieboy] 28/9/2016 13:04

Another 30k buys, no sells and down 6%!

[paperclip3] 27/9/2016 12:40

I'm guessing that one or two research notes will be issued shortly, WITH A STRONG BUY RECOMMENDATION