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Exclusive AGM feedback from 4 stocks within HCI

April 16, 2024
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Anthony Clark
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Anthony Clark

I attended the AGM of Hosken Consolidated Investments & gained feedback on four listed stocks

I was the only sell-side analyst that physically attended the recent Annual General Meeting of one of the hottest stocks on the JSE so far this year, Hosken Consolidated Investments (HCI)

This is exclusive direct feedback and the CEO of HCI the enigmatic Johnny Copelyn sat with me in their Sea Paint boardroom for nearly three hours where he was jolly and chatty. I'm glad I spent nearly five hours at the various HCI AGM's. It was invaluable direct insight

Hosken Consolidated Investments (HCI) has run from R72.50 to R185 so far this year as it got hit by oil fever. Year to date HCI is ahead +159%

I spotted this gem in early-February in the early R80's when I read on a UK blog on oil of a discovery off the coast of Namibia undertaken by Total Energie the French oil giant. HCI had an indirect 10% stake in that well called Venus

Venus is one of the biggest recent oil well discoveries with an estimated 3 billion barrels of oil but further exploration is underway & the market awaits a better analysis of the scale and size of the project that could be worth anything from R9bn to R20bn to HCI

This AGM note gives some colour on HCI and its prospects.

I also provide coverage  of the other JSE-listed subsidiaries Frontier Transport, Deneb & eMedia

https://drive.google.com/file/d/1evL8QPJSSs2AxmuvUIZgRgBeTt1V__XH/view?usp=sharing

 

 


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