Home
Strategies
Long Term Holding
Short Term Holding
CFDs & Leverage
The AIM
Long Term - Trackers
Tools
Case Studies
Commentary
Company Commentaries
Big News Commentaries
Should I Buy Shares In...
Case Studies
Misc
....For Dummies
2020 Dip
Historic Pricing
Feedback
Show Feedback
Add Feedback
Create User Name
GDPR
Menu
Home
Please see site map
Long Term Holding
Short Term Holding
Company Commentaries
Should I Buy Shares In...
Gulf Keystone Petroleum (lon:gkp)
Do People See The Old Or The Current Gulf Keystone Petroleum?
Gulf Keystone Petroleum Financials
Item
Current Period
Previous Period
Year
N/A
N/A
Period
Revenue
Earnings
Adjusted Earnings
EBITDA
Adjusted EBITDA
Statutory Profit
Adjusted Profit
Total Debt
Net Debt
Gulf Keystone Petroleum Share Price
Grade:
No grade has been assigned to this company
Title:
Do People See The Old Or The Current Gulf Keystone Petroleum?
Company:
GKP - Gulf Keystone Petroleum
Share Price Then:
100p
Author:
Ian Smith
Date:
Mon 26 Jun 2017
Comments:
I have been following GKP for a few years as they were a private investors darling that had a long period of worsening debt and decreasing lack of confidence in the management.
So much so that by Oct 2016 there was a debt for equity swap that pretty much wiped out the existing shareholders but left the company reasonably well funded and with a share price of a few pence.
As part of the plan to regain credibility in Dec 2016 there was a 100 for 1 share swap bring the share price back to the 100p - 150p range, the same as it was before the debt for equity swap.
However it appears that the old reputation hasn't been forgiven, the share price is continually falling droping to below 100p,
Yes they are an oil producer in Kurdistan reliant on the Kurdistan Regional Government for payment, who are making regular payments of $12 milllion and yes they were vulnerable to ISIS. Yet if if these were the driving factors then surely we would be seeing shares rise as the region becomes more stable?
Also we are not seeing the volumes that might suggest that those who swapped their debt for equity are selling off, instead it is small volumes on a continual basis.
It is certainly not a sure fire winner with no risk, but is it time for a careful look at the company as it is now.
Read Count:
117
Buy/No Buy In A Nutshell
Negatives
Positives
Initial Review Price
0p
Last Review Price
0p
Last Review Date
Navigation & Details
Pages
Home
Home.
Commentaries
Select Commentaries.
My Grades
Clarification
Share Commentaries, their purpose.
Clarification of the intent of these commentaries.
Previous Commentaries On Gulf Keystone Petroleum
There are no previous commentaries for this company.