Market's view on Serinus Energy
Published on April 2024
- A stock watcher describes the management as highly incompetent, accusing them of significantly harming shareholder value and company worth over the past five years, labelling them as con men and fraudsters.
- Concerns were raised regarding missing reports and the unavailability of RNS updates from Advfn, with watchers reaching out to address these issues.
- Discussions about a potential big squeeze for Xtellus due to an increase in their shareholding were noted.
- Speculation exists about a forthcoming influx of revenue from Angola referred to as ‘black gold.’
- There is talk of a possible buyout involving Xtellus and Hennigan, particularly after a recent acquisition that increased their holding to around 20%.
- A watcher is hopeful about reaching a break-even point with just a 25p increase in stock value.
- Questions were raised regarding the company’s involvement in an Angola project and its debt status.
- Xtellus is reported to have increased its shareholding to over 10% through open market purchases without impacting the share price, suggesting potential upcoming value.
- Predictions were made about the stock being a multi-bagger, potentially offering returns up to ten times the investment.
- A discussion highlighted the undervalued nature of the stock in comparison to its trading figures on the Warsaw Stock Exchange, suggesting a significant potential return on investment.