Being some what of a value orientated investor and already holding Beach Energy (ASX:BPT) and upon seeing they are trading below their current book value price ps of $1.53. I couldn't help myself but buy more shares today. Their share price has fallen on the back of numerous poor announcements over the last 6-12 months. But it does look like BPT are in a bit of a turnaround phase now, as they are looking to cut costs and bring on new production over the next 18-months. And the demand for gas at home and internationally is only growing as the energy transition intensifies.
About the Author
Anton Crabbe
Hi my name is Anton and I have been investing in shares for over 10-years. I have completed a Masters of Applied Finance and worked in the share investment world for a period and this is where I met Elio and Chris and found my way to Stockopedia. I have a long-term fundamental investment approach which is heavily driven by ratio analysis. For me, ratio analysis cuts through the hyperverbal out there by the investment media, and the endless investment fads and flavour of the month stock. As such I mainly focus on Quality and Value; but since I have started using Stockopedia, I have started to incorporate more Momentum factors into my stock analysis. Outside of investing you will find me playing a bit of cricket and golf, or out doing a spot of fishing. more »
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