Discover and read the best of Twitter Threads about #RRE
Most recents (11)
Now that Andrew Austin has made his 1st deal at #KISTOS, time to evaluate it. Seems that FinTwit doesn't consider it a bargain, and we don't have all the info yet, but indeed we can do some research
Brief: AA DID IT AGAIN
Time for a thread 🧵 #KIST $KIST.LN
((PART 1))
👇🏽👇🏽👇🏽
Brief: AA DID IT AGAIN
Time for a thread 🧵 #KIST $KIST.LN
((PART 1))
👇🏽👇🏽👇🏽
I've read different opinions so far, but it seems that the general opinion is that €220M+€163M earn outs, isn't too cheap for €31M EBITDA'20, or 5.5m boepd, 19mm boe 2P and 78mm boe 2C. Seen like this, it's fair. It doesn't seem very cheap.
Only positive view I've read about, is from @mgrahamwood saying "this looks to be one hell of a deal". I didn't know if it was only because he's an AA fan, but now having analyzed the asset, I think he's just right:
This is one HELL of a deal
This is one HELL of a deal
Some thoughts and reflections from my personal investment journey in the recent years & a bit of help for new investors.
Long thread
Long thread
Strategy
I run a concentrated p-folio that lacks diversification. This is my approach & I believe that focusing on a selective list of well researched companies that are undervalued on many metrics gives me a sharp edge over the wider market as long as I pick the right stocks.
I run a concentrated p-folio that lacks diversification. This is my approach & I believe that focusing on a selective list of well researched companies that are undervalued on many metrics gives me a sharp edge over the wider market as long as I pick the right stocks.
Strategy
Its a high risk approach not suited for most & especially not for those who cant do their own research.
Its a high risk approach not suited for most & especially not for those who cant do their own research.
It brings me great joy that alternative energy is obliterating O&G stocks, performance-wise (at least in the UK micro-cap space in which I operate).
My key holding in the sector (and 2nd largest in my entire PF) is #SAE @simecatlantis at 11p average. But it's brilliant... 1/4
My key holding in the sector (and 2nd largest in my entire PF) is #SAE @simecatlantis at 11p average. But it's brilliant... 1/4
...to see the likes of #ITM #AFC #PHE #EQT achieving dizzying valuations.
The more that retail buys O&G on the open market, the greater the valuations these Cos can maintain, and thus the easier it is for them to raise capital.
My belief (or rather, hope!) is that retail...2/4
The more that retail buys O&G on the open market, the greater the valuations these Cos can maintain, and thus the easier it is for them to raise capital.
My belief (or rather, hope!) is that retail...2/4
...will continue to shift into alt. energy (including associated infrastructure, partic. battery metals), thus starving micro-cap oilies of capital. This in turn will reduce the pool of discoveries that majors draw on to replenish their own reserves (besides in-house expl.)… 3/4
Had some quiet time down in Devon last week. Looking at the absolute state of the markets today, I shouldn't have come back to work!
6 holdings down more than 6% each today. Ouch.
#RRE is frustrating. Mgmt only getting away with current SP owing to track record since IPO. 1/3
6 holdings down more than 6% each today. Ouch.
#RRE is frustrating. Mgmt only getting away with current SP owing to track record since IPO. 1/3
#RRE now trading 10% below net cash, despite trading on a low single digit 2020 PER.
Evidently the market has something against @rockrose_energy, and will never fairly value it on conventional intrinsic and relative valuation metrics.
So really, mgmt should either: 2/3
Evidently the market has something against @rockrose_energy, and will never fairly value it on conventional intrinsic and relative valuation metrics.
So really, mgmt should either: 2/3
I) Commence another share buyback programme (given the Co is the cheapest North Sea oil play around!);
II) Seek financiers to assist in a mgmt buyout;
III) Open a formal sale process (given the increased competition in the space, there'll be no shortage of suitors for #RRE).
II) Seek financiers to assist in a mgmt buyout;
III) Open a formal sale process (given the increased competition in the space, there'll be no shortage of suitors for #RRE).
For anybody struggling to access the latest #RRE interview please see attached. Enjoy! I particularly like the bit that suggest they are in several data rooms and expect something to play out "in the next few months". 🤞Part 1 of 7. 
Part 2 of 7.
Part 3 of 7.
2020 weekly close thread for PFAS.
Down 0.17% over the first two trading sessions. 11 up, 9 down, 5 unch...
No movements greater than 5%
Divis #ULS #RECI
Exit: #RRE (too crowded, no edge)
Slice: #AAZ (to 20% weight)
Now 8% cash which I plan to deploy next week
Good w/e all
Down 0.17% over the first two trading sessions. 11 up, 9 down, 5 unch...
No movements greater than 5%
Divis #ULS #RECI
Exit: #RRE (too crowded, no edge)
Slice: #AAZ (to 20% weight)
Now 8% cash which I plan to deploy next week
Good w/e all
After 15 months managing client money - and neglecting my own PF in the process - I re-started trading my own book full time on 2 Sept.
Return over 4 months: 193%.
Obviously this was massively skewed by an unholy move in #EUA (equity + warrants equated to 710% gain), but... 1/4
Return over 4 months: 193%.
Obviously this was massively skewed by an unholy move in #EUA (equity + warrants equated to 710% gain), but... 1/4
I have also revolutionised my strategy. LT investments have been cut to a handful, but sizing has been increased.
Majority of time spent now on ST trades - seeking out (at least quite!) quality Cos that are enjoying the market’s favour and rising with positive sentiment. 2/4
Majority of time spent now on ST trades - seeking out (at least quite!) quality Cos that are enjoying the market’s favour and rising with positive sentiment. 2/4
Leverage also playing a key role in new strategy: T20/40s being used against the LT holds, and a large minority of the PF in IG SB (limited to 150% lev). PF overall ~100% leveraged.
Needless to say, a borderline reckless strategy - but luckily it’s paid off (this time..!) 3/4
Needless to say, a borderline reckless strategy - but luckily it’s paid off (this time..!) 3/4
Morning all - a few days off from the markets post GE, for a trip to Clermont to watch @bathrugby (lose with dignity 🙄).
Great to see #RRE slowly recover. Said it before, but - a $1.2bn offer was made. Completion of that deal would have seen the SP up by 250% minimum, IMO.
Great to see #RRE slowly recover. Said it before, but - a $1.2bn offer was made. Completion of that deal would have seen the SP up by 250% minimum, IMO.
#MKA also beginning to climb back up. The Talaxis / Chinalco MoU is massive: Chinalco is one of China's six SEOs that hold a near-monopoly over the global REE market.
Its partnership with Talaxis is, for me, evidence that it's acutely aware of the Pentagon's interest in Songwe.
Its partnership with Talaxis is, for me, evidence that it's acutely aware of the Pentagon's interest in Songwe.
#HZM is also recovering, in line with Ni bouncing. Expecting a busy Q1 there, with major newsflow generated by both projects. Current EV (~£27m) is simply wrong. If it doesn't change soon, I don't think it's unreasonable to suggest a takeover - Orion being an obvious candidate.
Some excellent moves in the PF this week:
ST trades in each of #TRX and #XSG reduced, as they had increased so quickly (~150% and 66% respectively). Balances of positions to be held until ~2p for each stock, but will revise accordingly, keeping a close eye on momentum. 1/12
ST trades in each of #TRX and #XSG reduced, as they had increased so quickly (~150% and 66% respectively). Balances of positions to be held until ~2p for each stock, but will revise accordingly, keeping a close eye on momentum. 1/12
Current #I3E 197mm STOIIP based on av. 40ft oil sand thickness across Serenity.
But known parameters are 10ft at Serenity oil find and 150ft at neighbouring 13/23a-5Y location.
Av. of the 2 is 80ft, though Eastern (10ft) part is wider, but not by double.
But known parameters are 10ft at Serenity oil find and 150ft at neighbouring 13/23a-5Y location.
Av. of the 2 is 80ft, though Eastern (10ft) part is wider, but not by double.
Even remaining conservative, Serenity is bigger than 197mm STOIIP, whether #I3E are saying so are not.
#I3E CEO Shafiq (22 min 20s)
"What Serenity also does for us is puts us into a development. . . Tain and Serenity will now have to be unitised as one field, and we will be part of that discussion with owners of the Tain field."
So clear message, Serenity/Tain are connected.
"What Serenity also does for us is puts us into a development. . . Tain and Serenity will now have to be unitised as one field, and we will be part of that discussion with owners of the Tain field."
So clear message, Serenity/Tain are connected.
#EUA cooling off period was due, although it's not nice seeing negative commentary, some driven by shorting, some by enmity. For the former - there are ways of shorting without being aggressive - @Smudgedann @Blowster85 proved this. For the latter - celebrate, it's great for AIM!
Onto #EUA: both interviews have been terrific. The interviewees could not have been more clear that Monch at the very least will be acquired in the near term.
- Pd has in the past 24 hours hit another ATH. Demand from auto industry is rocketing and supply pipeline is negligible.
- Pd has in the past 24 hours hit another ATH. Demand from auto industry is rocketing and supply pipeline is negligible.
- #EUA is the only viable UK listed Co left that offers direct exposure to Pd. A lot of cross ramping flying about on Twitter and BBs about other PGM players. I don't want direct exposure to primarily Pt plays - the market dynamics aren't appealing. Pd, however...
