GKP

Paitech,

GKP went from 2009 to 200p+ then it got killed by the Bondholders and there was a 100 for 1.
So if you held from 2009 it would not be worth very much.
I presume you went to cash and then got back in after the crash.
www.investegate.co.uk/gulf-keystone-petr...201612120725145433R/

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, is pleased to announce that the Board has approved the declaration of a special dividend of $50 million.



Jon Harris, Gulf Keystone's Chief Executive Officer, said:

"Following payment of $115 million of dividends year to date, we are delighted to declare today a special dividend of $50 million, consistent with our strategic commitment to balance investment in growth with shareholder distributions. The declaration brings total dividends for shareholder approval at the upcoming AGM to $75 million and increases total dividends declared in 2022 to $190 million. Assuming timely payment of invoices and strong oil prices, we expect continuing strong cash flow generation in 2022, providing flexibility to consider further shareholder distributions, optimisation of the capital structure and a potential increase in capital expenditure with progress on the FDP."



Gulf Keystone will be seeking shareholder approval at the Annual General Meeting ("AGM") on 24 June 2022 to pay total dividends of $75 million, comprising the previously declared $25 million annual ordinary dividend and the $50 million special dividend declared today.



The annual ordinary dividend of $25 million is expected to be paid on 15 July 2022, based on a record date of 1 July 2022. The special dividend of $50 million is expected to be paid on 29 July 2022, based on a record date of 15 July 2022.



Both dividends will be payable in pounds sterling and converted from dollars at the spot rate leading up to the relevant record dates. The Company will disclose the US dollar and pounds sterling rate per share for both dividends prior to their ex-dividend dates.

Guys, I want to add more GKP to lower my average ,but not sure....even at 240s in May would have been good price...
but very hesitant....
Not sure where its heading now since its broken out of the channel

350--> 420-->510?

My charts attached....

TF pls give your thoughts on the charts and targets pls....

I am not sure to buy in more to average down to get out!!!
ta G

gkp - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...VzGwRWBzZr%2F%2Fo%3D

Hi Paitech.
Amazing to think this was only 50p not so long ago!
You have a huge holding here. well done!
We all know the history of this company.
Those who banked at the highs did very well....those who didn't probably lost money!
The current situation on the chart...nicely in a very long term up trend channel.

Buyers should wait to to see if 220p area happens!
for sellers the top of the channel is the place to bank

tbh Paitech...i don't think your going to sell! not yet anyway!
please dyor and make a call Paitech....Oil may well stay high for a while...so good luck whatever you decide to do.

atb, wdik, dyor,
trendfriend

Hi TF thanks for your analysis and comments. Yes, I hold from 2009, and I was on huge profits when it hit 400p+.But the chatter were of a takeover at 800 to 1200p, so I did hold and rest is a history..
I bought in heavily when they had an offer at 83p I think, but couldnt buy into my wifes account as short of cash and risk of putting too much funds in same company.

If I had bought 10k£ worth at 50p, I should be out when it hit 300p with breakeven. But then again, high risk of ISIS etc in kurdistan region etc... hold me back...

Only plus point is the huge amount of dividends I am collecting in my ISA...
So I may have to buy in slowly to average down in the hope of getting out... but not sure how risky play is that....
average is almost double of current price...
THanks for charts and comments
Happy trading...