Savannah Energy (SAVE)

Sector:

Energy Producers

Index:

FTSE AIM 50

25.95p
   
  • Change Today:
    -0.70p
  • 52 Week High: 40.20p
  • 52 Week Low: 19.35p
  • Currency: UK Pounds
  • Shares Issued: 1,306.10m
  • Volume: 823,842
  • Market Cap: £338.93m
  • RiskGrade: 340

ShoreCap stays at 'buy' on Savannah Petroleum, sees 'much higher' share price

By Alexander Bueso

Date: Friday 18 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Savannah Petroleum, telling clients that the unsecured loan facility into which it had entered on the same day was "entirely consistent with our expectations" and that they continued to anticipate a "much higher share price" on the acquisition of assets from Seven Energy was completed.
In a research note sent to clients, analyst Craig Howie stood buy his 80.0p per share fair value estimate, reiterating his expectation that he expected "solid" earnings and cash flow to ramp-up over his forecast period.

Regarding the loan facility for up to $10.0m, Howie explained that it was meant to provide liquidity before the planned completion of the Seven deal, which he believed would occur "significantly" before its maturity date and result in a "significant" $74.0m cash inflow.

"We continue to expect final completion of the transformational Seven deal by the end of this year and, with our last note on Savannah having flagged the possibility that Savannah would arrange an interim funding solution in the meantime, the terms and quantum of the loan facility announced today are entirely consistent with our expectations."

Shore Capital provides issuer sponsored research and corporate access services to Savannah Petroleum PLC

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Savannah Energy Market Data

Currency UK Pounds
Share Price 25.95p
Change Today -0.70p
% Change -2.63 %
52 Week High 40.20p
52 Week Low 19.35p
Volume 823,842
Shares Issued 1,306.10m
Market Cap £338.93m
RiskGrade 340

Savannah Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.3% below the market average82.3% below the market average82.3% below the market average82.3% below the market average82.3% below the market average
70.73% below the sector average70.73% below the sector average70.73% below the sector average70.73% below the sector average70.73% below the sector average
Price Trend
51.36% above the market average51.36% above the market average51.36% above the market average51.36% above the market average51.36% above the market average
38.64% above the sector average38.64% above the sector average38.64% above the sector average38.64% above the sector average38.64% above the sector average
Income
93.18% below the market average93.18% below the market average93.18% below the market average93.18% below the market average93.18% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Growth
14.51% above the market average14.51% above the market average14.51% above the market average14.51% above the market average14.51% above the market average
15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 2
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Savannah Energy Dividends

No dividends found

Trades for 09-Dec-2022

Time Volume / Share Price
13:20 3,023 @ 25.95p
13:19 2,000 @ 25.90p
13:18 3,750 @ 26.10p
13:17 5,000 @ 25.90p
13:17 1,313 @ 26.03p

Savannah Energy Key Personnel

CEO Andrew Knott

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