Culled—Proshare

27/3/2018/Proshare Research

JAPAULOIL share price ended 2009 with a negative return of -69.13% and recorded 23.89% growth in share price in 2010. However, between 2011 and 2012, the share price was on a downward with significant drop in prices recorded. It slowed to -1.82% return in 2013  but further declined significantly  to -7.41% in 2014. 

The share price flatlined from 2015 to 2017 with 0.0% return. Surprisingly, it increased rapidly to 38.0 %( YTD) as at 26^th of March, 2018. The growth in share price is traceable to the announcement made by the company on 20^th of February 2018 that Milost has injected $350 million Equity finance into the company which has helped  to re-navigate its financial challenges that depressed its share price in the past 8 years. 

Table1: 10 Years Share Price Performance Review

Source: Proshare Research 

Graph 1: JAPAULOIL Share Price – Jan 2016 to Mar 26, 2018

Source: Proshare Research 

Out of the eight (8) listed Oil and Gas companies on the Exchange, six (6) recorded positive YTD return, two (2) recorded negative returns and one (1) remained flat. The positives led by ETERNA recorded +51% return and closely followed by JAPAULOIL with 38% return recorded while MOBIL and MRS closed with negative returns of -5% and -2% YTD respectively. Obviously, JAPAULOIL is scaling up on the return metrics. 

Table 2: Oil & Gas Sector Year-To-Date Share Price Performance Review

  Source: Proshare Research