Primary Recommendation

Premier Oil - CFO highlights multiple catalysts that could deliver re-rating

October 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

One of the biggest frustrations for TMI is that we can sometimes alight on shares that are exceptionally cheap only to find that management are unable to arrange a call, the unsaid explanation that they are working through “issues”. We originally wrote about Premier Oil at the end of 2015 at just 69.5p when, after battling super low crude prices for nearly 2.5 years, the company finally looked like it would ultimately survive. However, after numerous requests it was only the other day that we got a rare treat when we were invited to speak with them (on results day) and not surprisingly CFO, Richard Rose, was notably bullish on its prospects. Cash flow and NAV to rise significantlyFor ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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