@baroninvestment Just someone walking the ask down with little buying to relieve them. Will bounce hard at some point. Cash generation vs mcap too big to ignore
#KIST needs Oman news and some volume. Seller just walking the ask down every day for weeks. Volume has been pitiful so expect a strong rebound on positive Oman news and hopefully some financials along with it.
#KIST KISTOS back to bottom of range with a bit of weakness. Pretty much where it was before Iran war started.
Release last night saying Bonds have settled. Previous said settlement on completion of Oman deal.
Announcement pending?
@kistosplc#KIST@baroninvestment
Update to Bondholders... Bonds have already settled and financial statements expected to occur imminently.... So Bonds have now settled pre-Oman completion. Bondholders must have assurance that completion is imminent..?
https://t.co/Lq1R7CT1eC
@baroninvestment What’s your thinking on cashflow in H1? Their annual cashflow available for debt service from the bond presentation was $90m at $75 for the year. Possible they do that in H1 at $90 average?
#KIST coming into previous resistance and also 50dma on super low volume. Market awaiting OMAN but no doubt one of the biggest beneficiaries from higher oil pricing. i have circa $50m FCF (pro forma) for Q2 at $100 oil (current ave. higher)
@Lee_Trades Energy is the biggest bottleneck to greater AI rollout. Think it will hinder it massively over the next few years. Energy boom is required across the supply chain from raw materials to the power companies.
Taken a few more #kist as seems there’s been a bit on offer last few days but feels close to ending. Unhedged production means this is basically a money printing machine right now.
Shares should shift back up today, daft sell off given the numbers this throws off now
What comes next - growth to 30,000boepd+ or net cash? Think the former personally given ambition of team. Looking forward to catching up with them again soon.
If this was a stock chart id be very bullish. Tightening up on the righthand side of a base after a powerful initial move. Maybe another visit to the 50dma but if no resolution in the ME over coming week or so its highly likely this breaks to the upside IMO.
Very rare you take a position and get such a strong move immediately after. But based on the volume today which is immense i see this as the start. Company at a fundamental inflection point in a very hot backdrop and cheap compared to peers. #ENSI
Taken some #ENSI today on this recent pullback. Longer term holding hopefully. Possible FTC 2. Earnings outlook looks very strong, fully cashed up now & space theme very hot.
#KIST not even started stretching its legs yet. All aligning now, production growth + commodity backdrop = compelling valuation. Chart looks great and starting to align with fundamentals. 400p well within reach short term.
Taken some #ENSI today on this recent pullback. Longer term holding hopefully. Possible FTC 2. Earnings outlook looks very strong, fully cashed up now & space theme very hot.