CTP

3.85%

5.0¢ central petroleum limited

Future projections, page-3

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colourofmoney

1,368 Posts.

21/03/17

12:37

Post #: 23509038

Originally posted by murrr ↑

Here's another table I shared some 6 months ago - and implications below

This shows share price (with P/E=10) for different NEGI volumes and profit margins

1

2

3

4 NEGI Annual Volume

5 Profit Margin /GJ 0 PJ 5PJ 10PJ 20 PJ 30 PJ 40 PJ

6 $1 0.16 0.23 0.27 0.50 0.73 0.96

7 $2 0.16 0.34 0.50 0.96 1.42 1.89

8 $3 0.16 0.46 0.73 1.42 2.12 2.81

9 $4 0.16 0.57 0.96 1.89 2.81 3.73

10 $5 0.16 0.69 1.19 2.35 3.50 4.66

So I think Cottee has WRONG STRATEGY to maximise shareholder wealth.

Cottee is trying to maximise gas through NEGI, but this requires $40M upfront investment, which he can't find so he is suggesting we sell CTP for 20c per share, to enable someone to benefit from this.

However, if he were to adopt a different strategy ie maximise shareholder wealth rather than maximise gas into NEGI , then we would be better off e.g.
Option 1: only sell 5PJ per year into Negi initially which we may not need much extra money to finance say at most an extra $5-10M, this would mean that by mid 2018 our share price should be around 50c depending on profit margin (possibly more)

Option 2: aim to sell 10PJ per year into NEGI initially which might only require say $10-20M investment (which might be feasible with a CR) then mid 2018 we would have a share price of 70c-$1

In addition we would retain full benefits from the SANTOS JV

Expand

Bingo murr, this is what we have been stating to that rejuvenated central board for some time. As stated in a previous post of mine, there is no need for CR, people are starting to catch on.

CTP Price at posting: 20.0¢ Sentiment: None Disclosure: Held

11 Upvote

0 Great analysis

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(20min delay)
Last 5.0¢		Change -0.002(3.85%)		Mkt cap ! $37.74M

Open	High	Low	Value	Volume
5.2¢	5.3¢	5.0¢	$73.94K	1.456M

Buyers (Bids)

No.	Vol.	Price($)
1	1481	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	421806	1

View Market Depth

No.	Vol.	Price($)
1	55500	0.135
9	1167237	0.130
8	593133	0.125
19	902443	0.120
1	86000	0.115

Price($)	Vol.	No.
0.140	787079	9
0.145	1062465	10
0.150	344400	6
0.160	125481	8
0.165	497623	5

Last trade - 16.10pm 29/11/2024 (20 minute delay)

CTP (ASX) Chart


1
2
3
4	NEGI Annual Volume
5	Profit Margin /GJ	0 PJ	5PJ	10PJ	20 PJ	30 PJ	40 PJ
6	$1	0.16	0.23	0.27	0.50	0.73	0.96
7	$2	0.16	0.34	0.50	0.96	1.42	1.89
8	$3	0.16	0.46	0.73	1.42	2.12	2.81
9	$4	0.16	0.57	0.96	1.89	2.81	3.73
10	$5	0.16	0.69	1.19	2.35	3.50	4.66

Future projections, page-3

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Buyers (Bids)

Sellers (Offers)