BRK

8.33%

1.3¢ brookside energy limited

I agree with you @jophda.I'm expecting (hoping) they will reach...

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WeHaveFireBaby

322 Posts.

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23/07/23

10:38

Post #: 68930562
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Originally posted by jophda: ↑

The one thing that posters on this forum seem to agree on is that Share price undervalues the business .
That the intrinsic value of the shares is higher than their Market value .

There is no doubt that the Buy Back is increasing the intrinsic value of the remaining SOI .That is just simple arithmetic.

They have been doing exactly what they said they would do and are on track to buy the amount of shares in their time plan .
However I would like to see them buy more aggressively at 1.2 cents as there seems to be volume there probably because there is a small profit for the 1.1 cent options at that price point .
I would also like them to get share holder approval to increase the buyback if they approached the maximum numbers allowed in this buyback .

This is an extremely strange forum .
I invest in a few small energy businesses and most are in the doldrums and their HC forums have very few posts with little to say .

This forum has huge numbers of posts in comparison .
Mainly negative and based on a FALACY that the business buying 118 million has driven the share price down .

SELLING DRIVES SHARE PRICES DOWN NOT BUYING .

If the business Announced that they were going to cancel the BB and raise more equity from share holders that would be buying and it would lower the share price .

The real chance that there will be worldwide recession and what that would do to the price of oil over hangs Energy company shares at the moment .
I think without the buyback that the SP would be a pip or two below where the market is now .

Frankly I share Nashezz's frustration at the storm of negative financially naive posts on this forum about the buyback .
The fact that the business is now in a position to buy back shares comfortably distinguishes it from a lot of other Energy company minnows .

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I agree with you @jophda.

I'm expecting (hoping) they will reach the target and get approval to go for the 500 mill. At that point hopefully they line wipe back up above the buy back starting SP. The sellers should dry up moving their selling prices higher, BRK will be limited to the 5 day vwap, but should gradually climb on low volume costing less to get back closer to 2c.

Just my 1.2c worth. GLTA Brookies, when sentiment swings we will all be glad we stuck it out. Enjoy the rest of the weekend.

BRK Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.3¢		Change 0.001(8.33%)		Mkt cap ! $62.04M

Open	High	Low	Value	Volume
1.2¢	1.3¢	1.2¢	$49.23K	4.082M

Buyers (Bids)

No.	Vol.	Price($)
9	1688605	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	32992505	35

View Market Depth

No.	Vol.	Price($)
8	1638605	0.012
35	37463381	0.011
12	16891820	0.010
9	5720014	0.009
2	185000	0.008

Price($)	Vol.	No.
0.013	32952505	34
0.014	21473997	17
0.015	5242782	11
0.016	3416438	13
0.017	10526445	6

Last trade - 15.48pm 02/08/2024 (20 minute delay)

BRK (ASX) Chart

I agree with you @jophda.I'm expecting (hoping) they will reach...

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Venture to sniff out high-grade REE targets at Jupiter project, WA

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Sellers (Offers)

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I agree with you @jophda.I'm expecting (hoping) they will reach...

Top Stories

Is oil undervalued?

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Westgold sets its sights on top five producer status through merger with Karora

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News