Well there’s been some interesting debate doing the rounds in the city/media circus that now follow GKP.
The move from the AIM to the main market could in-fact be the precursor to a rapid rise in SP so goes the thinking with most brokerages. Once the company move is confirmed and actually happens then some here think that the sp, currently way under-value, will be forced up as a main market listing would certainly have an under-pinning effect on confidence. The back-ground noises and whispers are that the move is a fattening up of the company. Which will inevitably lead to its demise re GKP’s independence.
So where will this sp be after the move? Well it will not be where it is today. The feeling is that the 200p mark will certainly be surpassed once news from the company begins to flow particularly re’ their current operations. There are still a lot of imponderables yet to be quantified but in my opinion the main market move will precipitate an sp well in excess of 200p. A 500p target over the next 12 months looks very likely given that GKP will not be here! Any company in another part of the world with the figures GKP have should be trading close to £10.
The market are now beginning to wake-up to the fact that oil ,even in a war ravaged country, is still oil!