sold LEU with loss. Don't understand it, but can't fight against the tape.
• Gross profit of $69 million, compared to losses in 2014 and 2013
• Net loss of $187.4 million following non-cash charge of $137.2 million for the impairment of excess reorganization value
• Positive cash flow from operations increases year-end cash balance to $234 million “
Non-cash charge is only 137 million, why did they have 187.4 million net loss? They stated the gross profit of 69 million, and positive cash flow.
UPL, EXXI, SDRL, everyone else has at least doubled, but why KEG?
Thanks for the explanation. This helps!
IPI debt now is $150M, is not so big considering its revenue and cash. If the lender is reasonable, they should reach an agreement. Lot of small oil companies have few millions of cash but billions of debt now, I can list many of them and they are still trading above a dollar.
1. “Average net realized sales price per ton in the fourth quarter was $277, a 20% decrease year over year, and was $339 for 2015, up slightly from full-year 2014.”
That means potash price has not tanked much, at least much better than oil and natural gas. From this point of view, the environment is not too bad for any potash companies. In 2014, IPI was a $14 stock.
2. “The company sold 89,000 tons of potash in the fourth quarter for a full-year total of 587,000 tons, which is down 36% from 2014”
Why has this number been down so much? IPI lost market share? This does not make senses. Typically for most commodity companies, their output is stable year over year, unless they run of mines.
3. “The company had a net loss of $0.26 per share on $42.8 million in revenue, versus consensus estimates from Thomson Reuters of a net loss of $0.11 per share on revenue of $61.67 million.”
Why did they miss revenue so much? Again, this was because they sold much less tons of potash. Why?
4. Insiders bought lot of shares at the end of 2015, at the price of few dollars. Why? The stock purchases were fairly recent. Those executives could not see that they were selling much less tons of potash?
5. According to the conference call, they still have $63.6 million cash in hand, they have also reduced expenses a lot. Bankruptcy does seem an imminent concern, but why is the stock trading like a bankruptcy stock?
Looks like IPI is a good gamble play. If it does not go bankruptcy(they still have lot of cash for a small company), oil price is up, other commodity prices are up, probably potash price will be up as well. We should see IPI to few dollars by the year end.
That sounds about right. KTOV didn't print tons of shares to raise money in its IPO in Israel last year.
Yes, please do some DD. It is on company's website. Yes, there are shares in Israel, but one Nasdaq shares is equal to 20 Israel shares. Isarel shares were IPO'd at about $0.14 more than a year ago, and raised $17m us dollar. KTOV does not have many share in the US or Israel
KTOV has only issued 2 million nasdaq shares, the market cap is still very low
not that high. The US shares is equal to 20 ordinary shares, so they have about 38 millions of nasdaq shares. The market cap is about $20M now, still pretty healthy
lot of shares. at $5, the market cap now is probably few hundreds of millions
just bought 20K shares of USO. How many gallons of gas it is equivalent to?
Investing is about what you believe. I am still long USO. As long as I believe human beings will be on this planet for another century, USO will go up. People will use energy, and population is still growing. They can manipulate the oil price for so long until they go bankruptcy. I want to see how many years will take to deplete Saudi's reserve. Saudi is losing money big, period. They don't have cheap oil because the government has to function. Government expenses are part of their oil cost. They have people to feed, and their people do not work. The cost of oil in Saudi is actually higher than $70/barrel.
MHR has only 11M cash, but about 1B debt. It is not a surprise.
SD has about 900M cash, 3.2B debt. CEO stated there is no liquidity issue several times, no analyst believe so either. It is not the same thing, shortie!
"The initial conversion rate is 363.6363 shares of Common Stock, per $1,000 principal amount of Additional Convertible Notes (representing an initial conversion price of $2.75 per share), subject to adjustment upon the occurrence of certain events. "
Basically SD sold $300 M at $2.75 per share, dilution is a little over 1 million shares
Is this correct? If so, why is it not a huge good news? Institutes bought SD at $2..75, they will work on it to make sure SD is over $2.75 one day.
June 26, is tomorrow, but check out the year. I am guessing SA article authur made a mistake. It was a old news, at least 10 years old.
but they still sold %75 for US $344M, right? Money is money. They have zero debt. If they return $344M to share holders, each share would get $6.14