Jump to content

AG

Member
  • Posts

    28
  • Joined

Posts posted by AG

  1. IBKR does have an issue with many stocks that trade primarily through market makers, mainly in the AIM, because IBKR only trades through the trading book at certain auctions during the day, which makes it less liquid. But that should not be an issue with GKP as the trading service is SETS as per the LSE webpage

  2. 8 minutes ago, TorontoChaosTheatre said:

    That's a great question. So, what happened is that it initially traded in the main exchange. Now however, it trades on the less known AIM now because it no longer meets the requirements for the Main Exchange. I hope that helps. 

    Hi, it wasn't really a question but an statement. To my knowledge GKP trades on the Main Market

    https://www.londonstockexchange.com/stock/GKP/gulf-keystone-petroleum-ltd/company-page

  3. Thanks Bizaro, but how do you know that number?

     

    As Bizaro says you need to add the undepreciated value from the PP&E sold. This would equal the disposal value, plus the accumulated depreciation from the disposed assets, minus gains from the disposal of assets. They provide two of the values but not the accumulated depreciation of the disposed assets but you can estimate it as the difference between: a) the depreciation charge for the year and b) the annual change in accumulated depreciation.

     

    In addition to that you also have to deduct any writedowns in PP&E. There were large "Asset impairment and store closing charges" in 2007 and 2008. Part of those charges were goodwill impairments and JV impairments; the rest should mainly be PP&E (although there are potentially some inventory writedowns as well).

     

    Attaching a file with all those numbers. The differences are much smaller.

    Dillards_Modelling.xlsx

×
×
  • Create New...