I wish to know whether PPP is worth the risk ...
Quote:
Originally Posted by
digger
Subject now closed from my part.Have just emails company and asked them to reply by way of the quaretly so all can have this info.If not then email me and i will put any info i get on sharetrader.
Yes, please. And thank you in advance Digger. Info I need because I wish to know whether PPP is worth the risk ...
G
What do the numbers really mean?
Previous Quarterly:
Financial Highlights as at 31 March 2008
Assets: Cash held A$69.6m
Receivables for oil sales $12.9m
Tui oil inventory 40,900 barrels
Obligations:
Tui project loan (US14.13m) A$15.4m
Tui FPSO bank letter of credit(US$10m) $10.9m
Accrued royalty taxes $ 9.9m
This Quarterly:
Current Assets include: Cash held (see note below) A$91.5m
Receivables for oil sales (gross) A$18.3m
Tui oil inventory (WMP share) 40,412 barrels
Current Liabilities include: Hedging - call options over 87,744 barrels @
US$92/barrel (marked to market)
A$ 4.4m
Accrued royalty taxes A$17.0m
Income taxes (preliminary estimate) A$22.0m
Tui project loan nil
Does this equate to:
Q3 Q4
Assets:
$69,600,000.00 $91,500,000.00 Cash
$12,900,000.00 $18,300,000.00 Receivables for oil sales
$5,317,000.00 $5,252,000.00 Oil Pending Sale
$87,817,000.00 $115,052,000.00 TOTAL
Commitments:
-$15,400,000.00 -$4,400,000.00
-$10,900,000.00 -$17,000,000.00
-$9,900,000.00 -$22,000,000.00
-$36,200,000.00 -$43,400,000.00 TOTAL
Nett:
$51,617,000.00 $71,652,000.00
The 2 lots of taxes seem quite high...
But a gain of 20million for the quarter.
For a company worth 180 Million market value.....
And it closed down on the NZX....