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5.4¢ central petroleum limited

hi,C petersen You seem to be mighty negative about the future...

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klaas

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06/03/19

14:50

Post #: 37672753
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Originally posted by cpetersen ↑

There's no benefit to tripling sales if there's no profitability. At the moment we've been told there are gas sales but we have no idea about the contracted price or operating margin, hence there's very little for the market to respond to. I am cautiously optimistic but you can't fault the market for refusing to buy into a story when so far there's minimal data to back it up.

CEO's letter to shareholders on 26 Feb highlights my view:
"...the second half of the 2019 financial year, which is about provingthis company can generate enough free cash flow from operations to undertake organic growth activitywithout the need for new debt or equity. This will become increasingly apparent as we report oursecond-half financials, first through the Q3 FY2019 quarterly in late April and then our annual accountsin September. "

Once we see some figures in the two future updates LD mentions we will hopefully see some SP gains, but for the next ~7weeks until the late April update I predict minimal SP movement.

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hi,C petersen You seem to be mighty negative about the future prospects of CTP. Have you ever heard about Dukas which is about to be drilled by Santos.?

CTP Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.4¢		Change 0.000(0.00%)		Mkt cap ! $37.74M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.4¢	$114.6K	2.083M

Buyers (Bids)

No.	Vol.	Price($)
5	427045	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	160543	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 22/11/2024 (20 minute delay)

CTP (ASX) Chart