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88 Energy Ltd (88E)

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0.025 -0.001    -3.85%
05:10:06 - Closed. Currency in AUD ( Disclaimer )
  • Volume: 58,158,550
  • Bid/Ask: 0.025 / 0.026
  • Day's Range: 0.025 - 0.027
Type:  Equity
Market:  Australia
ISIN:  AU00000088E2 
88 Energy 0.025 -0.001 -3.85%

For the six months ended 30 June 2021, 88 Energy Ltdrevenues decreased 57% to A$1K. Net income totaled A$445Kvs. loss of A$4M. Revenues reflect a decrease in demand forthe Company's products and services due to unfavorablemarket conditions. Net Income reflects Finance costdecrease of 22% to A$1.2M (expense), Travel decrease of 23%to A$28K (expense).

TTM = Trailing Twelve Months
MRQ = Most Recent Quarter

88E Income Statement

Gross margin TTM -43,074.88%
Operating margin TTM -369,855%
Net Profit margin TTM -420,284%
Return on Investment TTM -18.26%
 Total Revenue  Net Income
Period Ending: Jun 30, 2021 Dec 31, 2020 Jun 30, 2020 Dec 31, 2019
Total Revenue 0 0 0 0.02
Gross Profit -0.7 -1.1 -0.74 -1.96
Operating Income 1.62 -17.08 -2.65 -33.64
Net Income 0.45 -18.01 -4.02 -36.78

88E Balance Sheet

Quick Ratio MRQ -
Current Ratio MRQ 0.99
LT Debt to Equity MRQ 0%
Total Debt to Equity MRQ 0%
 Total Assets  Total Liabilities
Period Ending: Jun 30, 2021 Dec 31, 2020 Jun 30, 2020 Dec 31, 2019
Total Assets 117.22 85.36 105.91 93.58
Total Liabilities 22.76 26.45 31.45 28.98
Total Equity 94.47 58.91 74.46 64.6

88E Cash Flow Statement

Cash Flow/Share TTM 0
Revenue/Share TTM 0
Operating Cash Flow  -15.03%
 Cash  Net Change in Cash
Period Ending: Jun 30, 2021 Dec 31, 2020 Jun 30, 2020 Dec 31, 2019
Period Length: 6 Months 12 Months 6 Months 12 Months
Cash From Operating Activities -3.42 -5.12 -2.47 -5.84
Cash From Investing Activities 6.3 -9.34 -11.53 -5.86
Cash From Financing Activities -3.24 13.63 4.64 6.07
Net Change in Cash -0.08 -1.06 -8.63 -5.82
* In Millions of AUD (except for per share items)
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88E Comments

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Craig Nelson
Craig Nelson Nov 30, 2021 20:52
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1.45 up 4% today.... strong rise while every thing else is a blood bath.... is this a BUY ??
James Mills
James Mills Oct 20, 2021 15:30
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Still waiting to re enter
Craig Nelson
Craig Nelson Oct 18, 2021 7:56
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1.652p
Craig Nelson
Craig Nelson Oct 11, 2021 9:46
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1.58p what's the BUY in point?
Arron Kerr
Arron Kerr Oct 04, 2021 10:05
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Calm down you lot!
James Mills
James Mills Aug 04, 2021 8:15
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Easy money
James Mills
James Mills Aug 03, 2021 10:06
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Looking good
James Mills
James Mills Jul 06, 2021 11:14
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Prime to push to 3
Peter Erika
Peter Erika Jul 06, 2021 11:14
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when exactly...today next month ?
James Mills
James Mills Jul 06, 2021 11:14
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Peter Erika when the market rebounds
James Mills
James Mills Jul 02, 2021 10:59
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Looking good very tempted to sell
Show previous replies (1)
James Mills
James Mills Jul 02, 2021 10:59
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robert downey we shall see
robert downey
robert downey Jul 02, 2021 10:59
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Can't believe that think I'll take up knitting.
Daniel Bailey
Daniel Bailey Jul 02, 2021 10:59
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I always sell once up 60/75% then take initial investment out plus 25% and enjoy the free ride.eg.1k put in. Price is 1700. Sell 1200 and keep 500 in. Pocket 200 keep the 1k for other investments or to buy back in on the dips.
CAT TRADER
CAT TRADER Jul 02, 2021 10:59
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I need some guidance on how to choose the shares? any suggestions on which site is good for investing?
James Mills
James Mills Jul 02, 2021 10:59
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Daniel Bailey done the exact same thing
ljh ljh
ljh ljh Jul 02, 2021 9:13
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could see 3p
Craig Nelson
Craig Nelson Jul 02, 2021 9:13
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when
James Mills
James Mills Jul 01, 2021 17:56
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36% up hope it holds tomoz
Scott Scott
Scott Scott Jul 01, 2021 17:56
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🤞
Paul Kingdom
Paul Kingdom Jun 25, 2021 14:14
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Whats everyones thoughts on target price for this stock??
CAT TRADER
CAT TRADER Jun 25, 2021 14:14
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I think it may go to 3-4 but time will tell. great potential, they just repaid full debt as per RNS
Paul Kingdom
Paul Kingdom Jun 25, 2021 14:14
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CAT TRADER hopefully rumours going around of a potenial buyout from conco philips 🤞
Craig Nelson
Craig Nelson Jun 04, 2021 8:28
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It's gone quiet on here do people Only post when it's rising.. Its now in a dip and with oil above $71 its should be rising? Currently (1.139) I'm a buyer sub 1p
James Mills
James Mills Jun 04, 2021 8:28
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Dont think so. Im thinking of selling nothing going on with this stock
emma ratcliffe
emma ratcliffe Jun 04, 2021 8:28
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might be worth reading their investors section on their website. They are supposedly sitting on 1.4 billion barrels of oil. lots of talk of a sell off for extraction. Maybe worth a bit more DD before you sell.
James Mills
James Mills May 27, 2021 22:16
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Any news ?
emma ratcliffe
emma ratcliffe Apr 27, 2021 16:19
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the company has announcements on their website, one yesterday detailing potential oil find in their merlin 1 drill hole
Craig Nelson
Craig Nelson Apr 27, 2021 16:19
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Emma, thank you for the info
Craig Nelson
Craig Nelson Apr 25, 2021 9:03
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Does anyone have any actual facts on this company. The shares hit 4p only a few weeks ago and then a slow downward trajectory to 1p and will probably be 0.5 next week almost a 12 month low... FACTS and REAL News would be welcomed... THIS is a SELL/HOLD until you can get out breaking even... IMHO
emma ratcliffe
emma ratcliffe Apr 25, 2021 9:03
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if you follow katie@Thoughts_NJ on twitter today she has posted the latest press release from the co that came out yesterday
Craig Nelson
Craig Nelson Apr 25, 2021 9:03
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done....I don't see any recommendations..just regular posts about their exploration achievements...
Nneka Shedrack
Nneka Shedrack Apr 15, 2021 14:04
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88 Energy had positive lab results the other day which means something good is about to happen to the shares. Hang in there guys.
Hodl Handz
Hodl Handz Apr 07, 2021 18:07
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big news out tomorrow. this will go to 5 dallaz tomoz
Scott Scott
Scott Scott Apr 07, 2021 18:07
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What news are you expecting?
Peter Erika
Peter Erika Apr 07, 2021 18:07
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dropped 14%
Peter Erika
Peter Erika Apr 07, 2021 18:07
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dropped 14%. what was the big news?
Hodl Handz
Hodl Handz Apr 07, 2021 10:48
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will it ever go back to 5?I have bought 10 shares. taking a risk with couple of quid. hope I don't lose my money
CAT TRADER
CAT TRADER Apr 07, 2021 10:48
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Once there's firm news it will go back to 4-5 easily.
mystic marketpreditor
mystic marketpreditor Apr 07, 2021 8:44
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Major overreaction. Buy of the year 🚀👍
Simon Young
Simon Young Apr 06, 2021 11:28
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I think the positive part of the RNS has been overlooked, -70% is crazy. We should see a 40% bounce shortly! Too many PI’s in the stock (97%) got shaken and probably had their stop losses triggered.
Craig Nelson
Craig Nelson Apr 06, 2021 11:28
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You were right well done.
Thomas donaldson
Thomas donaldson Apr 06, 2021 8:26
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-70% definetly mooning
Rob Clarke
Rob Clarke Apr 06, 2021 8:05
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wow
Arron Kerr
Arron Kerr Apr 05, 2021 21:40
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This is going to rocket, dont miss out.
Max Ng
Max Ng Apr 05, 2021 21:40
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why do you say so?
Max Ng
Max Ng Apr 05, 2021 21:40
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prices just took a huge dive today due to the news which wasn't too promising.
Billy Rix
Billy Rix Apr 05, 2021 21:40
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rockets going the other way 🤣 cashed out just under 4p on Wednesday will go back in when it drops under 1p.
Hodl Handz
Hodl Handz Mar 31, 2021 15:13
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This is going to the moooooon buy before u FOMO cuz YOLO
 
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