By Tom Winnifrith | Wednesday 8 November 2017
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Two are mega ramps and their valuations are insane and Waseem Shakoor is (rightly) short. The other one is one he owns. Which do you think is the value play? Here's what Waseem tweets:
Bowleven #BLVN mkt cap £100m, net assets $300m (incl cash $86m), Lukoil farm-in
Frontera #FRR mkt cap £90m, NEGATIVE net assets $42m (negligible cash)
UK Oil & Gas #UKOG mkt cap £170m, net assets £16m, (negligible cash)
Moreover it is clear that two of those stocks will be doing a (hugely discounted) placing soon. Cue abuse for Waseem from morons who know better...
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