Can the board explain the current share price please ?
Comparison of Stonehorse Energy Current Liquid assets, Revenue, Oil price today with 12 and 18 months ago..
Lets estimate SHE assets as of today (excluding assets like wells)
Cash position as of today (ignoring wells new and old) TABLE 1 Bank balances +Call deposits 10,738,000 Brookside Shares owned by SHE 682,500 Proton loan 418,100 Interest for quarter(Proton) 41,810 revenue 31/6/2023->02/8/2023 161,667 Estimated liquid assets today. 12,042,077 .
Below table shows 'Cash & Equivalents', Revenue, Oil price and share price
for today as well as 31/06/2021 and 31/12/2020
.
Metrics for different dates 31/12/2020 31/6/2021 2/07/2023 Cash & equivalents 1,804,060 4,289,020 12,042,077 Revenue Year to date 493,410 673,250 4,122,000 Oil $AUD/Barrel, 48.5 72 84 SHE Share price 1.19 2.59 1.6 Notice the cash position today is much healthier today than in the past.
Notice the Revenue today is also much higher today than in the past.
Notice how the price of oil today is a lot higher than in December 2020 or June 2021.
.
To see how much better then lets convert the value to percentages relative to earlier dates.
Say for example how healthy is SHE today relative to December 2020
Metric as Percentage compared to '31/12/2020 Metrics' As % relative. 31/12/2020 31/6/2021 2/07/2023 Cash & equivalents 100% 238% 667% Revenue Year to date 100% 136% 835% Oil $AUD/Barrel 100% 148% 173% SHE Share price 100% 218% 134% Revenue is 835% of what it was in 2020, and cash is 667% of what it was 2 years ag0
Share price had risen 34 percent over 2.5 years , still beating banks.
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And compare against 2 year ago 31/6/2021
Metrics as percentage compared to '31/6/2021 Metrics' A s %relative to 1/12/2020 31/6/2021 2/07/2023 CASH& equivalents 42% 100% 281% Revenue Year to date 73% 100% 612% Oil $AUD/Barrel 67% 100% 117% SHE Share price 46% 100% 62% These percentages are not just marginally healthier today than in the past, revenue and cash they are few hundred percent better ...
Cash and Equivalents have grown 281%
Revenue year to date has grown 612%
Even the price of oil is 17% higher now than 2 year ago,
Pretty healthy set of figures...yet share price is two thirds of what it was 2 years ago.
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New wells are coming online in time for increase in price of NG,
Oil is increasing in price,
Proton loans are set to deliver very healthy returns.
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If this isn't undervalued then what is,
If we mark up the share price at past dates by what the revenue or cash what would the share price be.
Hopefully it will explode like SHE Chairman Robert Gardener DMG price did.
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I know the figures look amazing but do your own research.
I do this as a hobby and are my estimates... your criticisms are welcome.
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Question to board,
Given the fundamentals above what is the missing ingredient to get to fair value so investors can get a few hundred percent return and if identified are the board going to take any action to achieve this.
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Mkt cap ! $4.791M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $70 | 10.04K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 9614834 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 2699001 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 9614834 | 0.007 |
5 | 2483008 | 0.006 |
2 | 1000000 | 0.005 |
2 | 1300000 | 0.004 |
3 | 1770009 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 2699001 | 6 |
0.009 | 3200840 | 3 |
0.010 | 1600000 | 3 |
0.011 | 1020690 | 2 |
0.012 | 1000000 | 1 |
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