AJL 10.0% 0.9¢ aj lucas group limited

Alot of commentators think 2017 will be crucial for UK shale and...

  1. 2,910 Posts.
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    Alot of commentators think 2017 will be crucial for UK shale and i.e ajl.
    Our current book value is $86mil. Per share it is 86÷390mil issued shares=22c. Market value currently stamd at $0.43 × 390mil shares= 169mil. So the market value this stock twice its book value which is good. But if accounting allow to include Caudrilla asset,which is valued at $1bil based on Centrica buy in 25% for $250mil roughly, with AJL holding 45% of Caudrilla its book value should be $450 + $86mil=$530mil. Per share book value should be $530 ÷(390mil share+100mil coming up entitlement offer) = roughly $1-$1.20 per shate.
    Just wonder if anyone knows when Caudrilla can be included on AJL book? Is it when reserve proven?
 
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0.8¢ 0.9¢ 0.8¢ $76 8.543K

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