Yup, no one who's been in this stock since then could ever hate on it, I don't think
INO's performance since then puts it in the very top percentile of stocks in the world over that time, to say nothing of its performance over the last twelve months
I care about oil, not updating the company website
the information is out there for anyone with half a brain to find it
ntc, your quote is in the OP--you did not say "sustain profitability," you said "be a profitable company," which it already is
as far as sustaining that, it is obvious from the last 3+ years of profitability that the company is perfectly capable of sustaining profitability at current prices and with the current pace of development (and dilution)
I highly doubt that "most investors" are too inept or lazy to navigate the web at a basic level and find ASX announcements (for an Aussie company!)...if they are, good riddance! There will be plenty of smart money to replace them.
we mostly disagree because you don't know basic facts about the company--such as the fact that it is profitable, for instance
the responsibility of the company is to grow pv10 and boepd, and Sundance is doing that in spades--the market will ultimately have no choice but to follow that growth
in the meantime, negotiating the share price is the responsibility of the investor--if you buy high and sell low that's your own fault
I never tried to explain the current share price--good luck ever trying to explain the market in the short term, that's a fool's errand. Regardless, I don't see any great injustice in the stagnant share price over the last year, because it had a huge run-up prior to that (from which many of us profited quite nicely).
But I am much more interested in future valuations of the company than the present one. I see a company growing at such a rate that it will not be fairly valued at this price for much longer. The pv10 and boepd numbers are already well beyond the most recent reports and are on pace to continue. The share price, sooner or later, will have to follow. I have time, so I don't care much which it will be.
I agree with you (isn't that novel?) that the company website should be updated, but is it really that hard to go to the ASX website instead? All the latest announcements and reports are easily available there (and at hotcopper).
ntc, no surprise that you would misrepresent both my words and the numbers I cite (which are simply drawn from company reports and happen to invalidate most of your claims about the company). After all, you say yourself you don't care about actual numbers. You make your own reality I guess, and who can argue with that?
I am well aware of the share price. What I actually said was that most stocks are down FROM THEIR ALL-TIME HIGHS (yet you apparently expect Sundance to defy ordinary market behavior and never experience an extended downtrend). Like many others who bought Sundance just two and three years ago, I am sitting on some very nice gains. Whether the needle sits at 1.13 or .88, all I see is green, just a matter of how high. I don't think the company needs to apologize for every downtrend in share price when its overall five-year trajectory has been a 500% gain in share price. A 20% downtrend is nothing compared to that, and anyone who actually reads company reports knows that the upward trajectory is very much in a position to resume for those who are patient.
As for my data, which can easily be verified in official ASX releases, there are no inconsistencies if you actually read my posts. But as with company documents, you either don't read them, or else if you do, your reading comprehension is extraordinarily poor--not to even realize that Sundance is a profitable company? Wow.
wrong again, ntc
take away the assets sales and Sundance was still profitable based solely on oil and gas revenue
also, when companies flip land as successfully as Sundance has ( 75% ROI avg), the value of that land is based on...drumroll please...producing oil
you claim company will stop developing after five more years for some mysterious reason that you do not explain--Sundance will just get bored of drilling for oil?
you claim the numbers support your opinion, but I don't see how that can be when you repeatedly show that you don't know what the company's numbers actually are
ntc claims in 'eagle ford' thread that "reality is our pv10 oil is not enough to be a profitable company." Not sure what "reality" ntc is living in (apparently one where he doesn't read company reports), because check out the following:
$16M profit after tax
$76M profit after tax
2011 (2H) - 2012 (1H)
$6M profit after tax
2010 (2H) - 2011 (1H)
$7M profit after tax
Reality, ntc, is that Sundance has made me some very good money over the last few years. Those are stock gains, by the way. You claim you've made them, too, but you sure are mad at the company that made you all that money.
Reality, ntc, is the company needs to spend some of my profits on g&a so it can have oh, I don't know, employees, and maybe even a bathroom in the office to pee in, or maybe you think they should pee outside?
Reality, ntc, is that most stocks are down from their highs because, guess what, most stocks don't set a new all-time high every day. Since many of my buys were in the .40s and .50s (and I know others have done much better than that), and nothing higher than .81, what do I really care that we are sitting at .91 rather than 1.13? I don't care, because I have the vision (not that hard, really) to understand that the company is growing rapidly and will not sit at .91 forever.
Reality, ntc, is Sundance nearly quadrupling its boepd in just 19 months (1292 to 5028 boepd from May 2012 to Dec 2013).
Reality, ntc, is Sundance increasing pv10 by 88% over just six months from June 2013 to Dec 2013 (from $180M to $337M)
Reality, ntc, is that Sundance is growing at just about as fast a rate as any other o&g out there. Share price will follow. Just look at the company mentioned in the OP, axas, which stagnated forever, but ultimately the share price had to reflect the company's transformative growth (as it began to do this week). Sundace is heading there, too.
But go ahead and focus on that expensive water bill for the office toilets, by all means.
The only way not to see the growth is to shut your eyes very, very tightly. Wouldn't hurt to plug the ears as well. Keep worrying about g&a expenses and I will just count the thousands of boepd the company keeps adding and the rapid reserves growth.
They spend our money on a bathroom for the office, too. Imagine that water bill! Why not just pee outside or in a bottle?
I am sure we all hope that. The parabolic growth is already happening (from 1292 boepd to 5028 boepd in 19 months) and will continue--not quadrupling every 19 months obviously, but adding multiple thousands of boepd every year. However, if you don't want share dilution and debt, maybe you should invest in Exxon or something. Small companies are going to do one or the other (or both). Parabolic growth does not come for free.
When I say quadrupled, the numbers I mean are the 1292 boepd that Sundance was producing in May 2012 versus the 5028 boepd that Sundance was producing in December 2013 (the time of the most recent report on boepd). So it only *almost* quadrupled, reaching 5028 by December 2013 but not quite the 5168 needed to quadruple. However, it also reached that level in considerably less than two years--it actually only took 19 months.
What you are missing is that the company is in the process of doing exactly what you say. Read the reports and see for yourself. Your request that the company stop diluting shares and/or going into debt (the company only has $30M debt btw) is not reasonable for a company as small as Sundance. However, it has used those measures more wisely than most.
I own both Sundance and axas and am very happy with both. Sundance has two rigs working the Eagle Ford right now while axas has one (though I believe axas is working toward getting a second in the near future). Sundance has been developing its Eagle Ford wells at a much faster pace than axas (though axas is doing fine), so your concerns are way off base. I suggest reading the last few operational reports from Sundance. The company has quadrupled its boepd over the last two years and the Eagle Ford has driven most of that growth.
I would really like to accumulate some .02 shares, tro, but so far no one will let me. Will settle for seeing the ones I do have go to .06, though.