3800 days ago
Shares in Gulf Keystone (GKP) have soared in recent days partly on hopes that Todd Kozel would be given the boot at the AGM on 17th July but also on speculation that the company could receive a takeover approach. We understand from a reliable source that there will be no bid.
However
3846 days ago
Oh dear, oh dear, today’s trading statement from Gulf Keystone (GKP) is a bit of a dog’s doo doo. I fear that the bears will enjoy it and having suggested that the stock might be a trading buy on the basis that grossly overpaid CEO Todd Kozel might be about to get his P45, I now revert to my normal sell stance – so far utterly vindicated with the stock having dived today to 91p.
What are the bad points in today’s statement?
Well Todd might not be universally loved by his shareholders anymore and might even have a few “non-fans” on the board but he is clearly not going. That is, on balance, bad news.
Of rather more fundamental concern is the cash position.
3858 days ago
Report from SkyTV suggest that Gulf Keystone’s (GKP) ludicrously overpaid CEO Todd Kozel might get the order of the boot within weeks. Gulf is declining to comment but the Sky report looks multi-sources and suggests that both other board members and institutional shareholders want Todd to go and to go soon. The shares are 101.5p and unless Gulf kills this story stone dead first thing on Tuesday with an RNS I’d be a trading buyer on the open. Yes you read that correctly I used the word buy.
3873 days ago
I sense that the tide is turning in Bulletin Board land with regard to Gulf Keystone (GKP). A while back I was universally hated for saying the shares were overvalued. If those who slated me had listened and thought and sold rather than just abusing me they would be rather richer today as a result. Hey Ho. It is their loss. I still think the shares are dramatically overvalued and will see 50p this year. But I sense the mood is changing. These days Todd Kozel is even more hated than me.
There is open discussion about whether shareholders should seek to oust the board. Could they? Should they?
3895 days ago
At the weekend I challenged Todd Kozel, the grotesquely overpaid CEO of Gulf Keystone (GKP) to record a video interview with me. His Bulletin Board moron fans reckon that I talk cock and so if they are right Todd would wipe the floor with me. I offered to travel anywhere in the world, except to places where Jew Hating bigots might string me up for having an Israeli stamp on my passport – places like Kurdistan, Iran and parts of Bradford. Todd’s PR man says that he won’t do it. Todd is too cowardly to answer questions such as….
The questions Todd should have been asked at the analysts meeting were not asked. Perhaps those who penned bullish notes with daft share prices oh so recently were embarrassed. Perhaps oil analysts these days are just as thick as the oil Gulf pumps out but cannot seem to monetize. Whatever the Bulletin Board Morons might say as a long term Gulf Bear ( the Morons & bigots being bulls) I have no blushes on this one. I have been right so far and remain right. I remain an “out and proud” bear.
So what would I have asked Todd. This is not an exhaustive list but would have fiilled session one of Frost vs. Nixon, Winnifrith vs. Kozel.
3899 days ago
My weekly video postcard this week is born out of conversations with deluded lefty pals of the Mrs this weekend – why is it that the Left wants the State to take more control over our lives?
The issue is the failure of secondary education & our ludicrous, unfunded and unsustainable higher education system. One deluded lefty reckons that the answer is to bring back some form of National Service.
This says everything about the left. A problem that is fixable is to be addressed by the State spending more money and restricting more liberties and still won’t fix the problem.
I also cover two walls - one in Berlin and one in Israel and what both say about the mendacity and failings of the liberal left elite in the West.
My weekly financial postcard covers the red flags of Gulf Keystone, the failings of analysts and why they fail and I issue a direct challenge to Gulf boss Todd Kozel – is he man enough to face an interview from me? You can watch that video HERE
3900 days ago
I gather that I am not wildly popular with certain Bulletin Board Morons for my pieces yesterday on Gulf Keystone (GKP). Arguing that the shares could be worth 0p in some circumstances (HERE) or pointing out that its Bonds were now in Junk Bond territory (HERE) was always going to attract some ire. However, the tone of the comments is most instructive. We are in phase 1 of grief.
It is not as if this is the first time I have questioned the valuation of this stock. This site ran a series of articles last May by myself and others suggesting that the shares were overvalued. At that time the comment on the Boards was universally hostile. Todd Kozel (the grotesquely overpaid CEO who dumped all his stock last year) could do no wrong. I and the other critics were just crooks on the make or imbeciles or both. Gulf was THE darling of the Bulletin Boards and anyone criticising this company faced universal slating.
Like I care. It is nice to be vindicated but one receives no thanks for pointing out when a grotesquely overpromoted stock is a slam dunk sell.
But as is always the case,
