JKX are a growth oil and gas company, principally based in the Ukraine, but also present in several other countries, and have recently presented some excellent results.




JKX corporate website : http://www.jkx.co.uk/index.cfm

Poltava Petroleum : http://www.ppc.net.ua/inf_en.html

Annual report 2005 : Click HERE

Looks like hlyeo98 is right

yes, he was right this week buying rbs at 123p........about 45% down in a few days.

You are so daft, scottie, can't even read. I bought HBOS at 123p and top up at 106p...I am in paper profit now.

Crikey !....this one has hit the spring at the bottom of the lift shaft !.

Sell JKX now...very urgent at 168p.

why?

RBS never got above 106p again Hlyeo, guess you're sitting on a 50% loss now

142p at close but still say to offload...bad news on the way.

certainly JKX have serious probs insofar as Ukraine is effectively bankrupt and being bailed out by IMF ..... the implications of that are hard to determine, but i am sure IMF would not allow Ukraine to nationalise JKX if that was in its mind

so tells us justyi, apart from the fact that all oilies and everything else are taking a pasting, what makes you single out JKX for your devotions?

Amazing how many people have become share experts in the most vicious Bear market for years.

Didn't I say to offload JKXat 168p...it is going down while the market is generally up.

PTH...you have lost the plot.

Nope I just don't see the point in posting 'sell this, sell that' when the market is a no-brainer on the whole. You're not Hlyeo in disguise are you?

justyi .... would you care to answer my post 562?

Good news for JKX...at a time when there is a gas blockade from Russia....this will help no doubt !.

But JKX tumbling 20p on the news...

STOCK IDEA

Opened a new position in JKX oil JKX.

Dynamic looking base triangle ready to uncoil and with the Oil SP increasing by the day and takeover activity going on in the sector Im hoping this one will be a winner. Slight resistance at 260p ish should be overcome.....

"

Fundies look pretty good aswell....

JKX Oil & Gas PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Oriel Securities
03-06-09 ADD

Evolution Securities Ltd
18-05-09 ADD 58.11 25.27 3.92 95.20 41.42 3.04

Brewin Dolphin Investment Banking
01-05-09 BUY 61.31 27.70 5.00 88.01 37.10 5.30

Fox Davies Capital
01-05-09 BUY

Canaccord Adams
09-04-09 BUY 32.69 37.45

Collins Stewart
30-03-09 BUY 24.12 28.46

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 59.66 25.77 4.44 91.73 37.27 4.13

1 Month Change -0.03 -0.70 -0.01 0.07 0.00 -0.02
3 Month Change -32.38 -16.43 -0.27 91.73 -24.47 4.13


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 20.00% -29.39% 44.63%
DPS 43.75% -3.48% -6.98%

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 91.65m 79.73m 110.29m

EBIT 90.08m m m

Dividend Yield 2.03% 1.96% 1.82%

Dividend Cover 7.93x 5.80x 9.02x

PER 6.21x 8.79x 6.08x

PEG 0.31f -0.30f 0.14f

Net Asset Value PS 133.89p 173.40p 193.80p

Interesting comment from Zak Mir Pro TAer only 2 days ago...

Zak Mir



Reged: 28/06/07
Posts: 853
Re: JKX Oil & Gas (JKX)
#447518 - 03/06/09 03:39 PM Edit Reply Quote



The solid test for support at the 200 day moving average of 221p today suggests that a December resistance line projection target of 280p over the next couple of months is valid while the 200 day line holds.

Recognia software have a SP target of 354p to 382p.

On the back of the breakout from the base triangle pattern.

Event Date: 02 Jun 2009
Opportunity Type: Long-Term Bullish
Close Price: 234.25
Target Price Range: 354.00 - 382.00
Price Period: Daily
Volume: 769,559
Pattern Duration: 127 days
Inbound Trend Duration: 146 days

Rising pattern emerging with support...gas prices in the east now rising....looks like a breakout about to happen....steady gentle rise with sharp upward sp movement about to happen !, (well that's the theory anyway !).....anybody like me think that this will be taken over by a bigger boy ?.

Thats what im hoping for RF and I reckon its been left behind in the market and is undervalued. Consolidation in this sector is going to be a big driver I reckon during the summer months.

Good note from Eddisons in past few months If I can find it Ill post it.

cheers.