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Borders & Southern Petroleum
(LSE:BOR)
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Rating:52Neutral
Price Target:
11.00 p
▲(1.85% Upside)
Action:Reiterated
Date:08/30/26
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and persistent cash burn). A strong, low-debt balance sheet provides resilience and supports a mid-range score, while technicals are modestly supportive with price above key moving averages. Valuation is a further headwind because negative earnings make P/E-based value assessment unfavorable and no dividend yield is available.
Positive Factors
Effectively debt-free balance sheet
Effectively no debt reduces solvency and refinancing pressure, while the stable capital structure gives the company flexibility to fund exploration and withstand periods without operating income. This resilience is valuable over the next several quarters, although it does not itself establish profitability.
Negative Factors
No reported revenue
The absence of reported revenue means the business has not yet demonstrated a commercial operating stream from its exploration assets. This limits internal funding capacity, leaves progress dependent on capital resources, and makes sustainable earnings generation difficult over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Effectively debt-free balance sheet
Effectively no debt reduces solvency and refinancing pressure, while the stable capital structure gives the company flexibility to fund exploration and withstand periods without operating income. This resilience is valuable over the next several quarters, although it does not itself establish profitability.
Read all positive factors
Borders & Southern Petroleum (BOR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£99.30M
Dividend YieldN/A
Average Volume (3M)1.66M
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue GrowthN/A
EPS Growth-40.00%
CountryUK
Employees4
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding886,571,400
10 Day Avg. Volume1,119,844
30 Day Avg. Volume1,655,289
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.40
Price to Sales (P/S)0.00
P/FCF Ratio-48.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Borders & Southern Petroleum Business Overview & Revenue Model
Company Description
Borders & Southern Petroleum plc is an independent firm primarily engaged in the exploration and assessment of oil and gas reserves. The company's operations are concentrated around the Falkland Islands, where it boasts a full 100% ownership of th...
Borders & Southern Petroleum Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.94K | ― | -5.87K | 0.00 | -21.95K | 0.00 |
| EBITDA | -896.28K | -1.53M | -1.19M | -1.14M | -1.21M | -893.00K |
| Net Income | -1.66M | -1.42M | -1.19M | -1.06M | -1.36M | -1.02M |
Balance Sheet | ||||||
| Total Assets | 298.99M | 299.07M | 297.46M | 295.84M | 296.53M | 293.67M |
| Cash, Cash Equivalents and Short-Term Investments | 1.02M | 2.56M | 2.09M | 1.93M | 2.71M | 714.00K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.00K |
| Total Liabilities | 64.33K | 1.16M | 1.18M | 156.00K | 565.00K | 126.00K |
| Stockholders Equity | 298.93M | 297.90M | 296.28M | 295.69M | 295.96M | 293.54M |
Cash Flow | ||||||
| Free Cash Flow | -1.44M | -2.45M | -1.52M | -1.64M | -1.60M | -1.42M |
| Operating Cash Flow | -1.44M | -1.42M | -981.00K | -1.14M | -1.11M | -914.00K |
| Investing Cash Flow | -1.01M | -1.06M | -521.00K | -505.00K | -498.00K | -505.00K |
| Financing Cash Flow | 332.86K | 2.87M | 1.74M | 783.00K | 3.77M | -125.00K |
Borders & Southern Petroleum Technical Analysis
Neutral
10.80
Price Trends
11.06
Negative
11.59
Negative
10.62
Positive
Market Momentum
-0.05
Negative
49.72
Neutral
63.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BOR, the sentiment is Neutral. The current price of 10.8 is above the 20-day moving average (MA) of 10.80, below the 50-day MA of 11.06, and above the 200-day MA of 10.62, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 49.72 is Neutral, neither overbought nor oversold. The STOCH value of 63.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:BOR.
Borders & Southern Petroleum Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £44.77M | 3.40 | 22.39% | 2.11% | ― | ― | |
74 Outperform | £123.76M | -24.04 | -1.49% | 4.47% | -7.76% | -176.77% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | £208.51M | -22.58 | -9.14% | ― | -6.06% | -127.98% | |
58 Neutral | £87.46M | -22.60 | -18.36% | ― | 21.14% | 10.00% | |
54 Neutral | £329.52M | 71.61 | -2.23% | 2.73% | -47.84% | -277.39% | |
52 Neutral | £99.30M | -122.41 | -0.56% | ― | ― | -40.00% |
* Energy Sector Average
GB:BOR
Borders & Southern Petroleum
10.80
-0.20
-1.82%
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GB:AEX
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GB:PHAR
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43.44%
Borders & Southern Petroleum Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Borders & Southern boosts equity base through warrant exercise
Positive
Sep 24, 2026
Borders Southern Petroleum plc has received notice from two warrant holders exercising warrants over 478,100 new ordinary shares at 10 pence per share, providing the company with £47,810 in cash proceeds. Admission of these new shares to tra...
Private Placements and FinancingRegulatory Filings and Compliance
Borders & Southern boosts capital as warrant holder exercises 4.8m shares
Positive
Sep 22, 2026
Borders Southern Petroleum said a warrant holder has exercised rights over 4,813,150 new ordinary shares at an exercise price of 10p per share, raising gross cash proceeds of £481,315 for the company. The new shares are expected to be admitt...
Private Placements and FinancingRegulatory Filings and Compliance
Borders & Southern CEO Exercises Warrants, Lifting Share Capital
Positive
Sep 21, 2026
Borders Southern Petroleum is a London-based independent oil and gas exploration company focused on offshore assets in the South Falkland Basin. Listed on AIM, it holds a 100% interest in three production licences covering nearly 10,000 square ki...
Private Placements and FinancingRegulatory Filings and Compliance
Borders & Southern Petroleum Issues New Shares Following Warrant Exercise
Positive
Sep 21, 2026
Borders Southern Petroleum has received a notice from a warrant holder exercising warrants over 263,150 new ordinary shares at 10 pence each, raising £26,315 in cash proceeds for the AIM-quoted explorer. The new shares are expected to be adm...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Borders & Southern Chair Exercises Warrants, Boosting Share Capital and Funding
Positive
Sep 21, 2026
Borders Southern Petroleum has announced that its non-executive chairman, Harry Dobson, has exercised warrants over 1,473,684 new ordinary shares at an exercise price of 10 pence per share, raising £147,368 in cash for the company. The new s...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Borders & Southern widens loss as it courts partners for Falklands Darwin project
Negative
Sep 21, 2026
Borders Southern Petroleum reported an unaudited operating loss of $726,000 for the six months to 30 June 2026, widening from $441,000 a year earlier, as it continues to advance its South Falkland Basin exploration strategy. The company’s c...
Business Operations and StrategyPrivate Placements and Financing
Borders & Southern expands share capital after warrant exercise
Positive
Sep 15, 2026
Borders Southern Petroleum has received a warrant exercise resulting in the issue of 251,600 new ordinary shares at 10 pence each, raising £25,160 in cash to support its activities in the South Falkland Basin. The new shares will be admitted...
Business Operations and StrategyPrivate Placements and Financing
Borders & Southern boosts capital base through warrant exercise
Positive
Sep 4, 2026
Borders Southern Petroleum has received a warrant exercise for 1,875,000 new ordinary shares at 10 pence per share, raising £187,500 in cash and modestly increasing its equity base. Application has been made for these warrant shares to be ad...
Business Operations and StrategyPrivate Placements and Financing
Borders & Southern boosts equity base through warrant exercise
Positive
Sep 3, 2026
Borders Southern Petroleum has received notice from two warrant holders to exercise warrants over 614,850 new ordinary shares at an exercise price of 10 pence per share, raising gross proceeds of £61,485. The new shares are expected to be ad...
Private Placements and FinancingRegulatory Filings and Compliance
Borders & Southern Raises £210,000 via Warrant Exercise, Expands Share Capital
Positive
Sep 1, 2026
Borders Southern Petroleum said a warrant holder has exercised rights over 2,105,250 new ordinary shares at 10 pence each, raising £210,525 in cash for the AIM-quoted explorer and expanding its equity base. The new shares, which will be admi...
Business Operations and Strategy
Borders & Southern Hails Sea Lion Progress as Farm‑Out Talks Advance in Falklands
Positive
Aug 28, 2026
Borders Southern Petroleum, an AIM‑quoted explorer focused on offshore Falkland Islands licences, holds 100% interests in its acreage and a substantial 462 million‑barrel (P50) recoverable liquid hydrocarbons discovery at Darwin. The ...
Private Placements and FinancingRegulatory Filings and Compliance
Borders & Southern Petroleum Updates Capital Following Warrant Exercise
Positive
Jun 30, 2026
Borders Southern Petroleum has received notice of the exercise of warrants over 154,558 new ordinary shares at 10 pence per share, raising £15,455.80 in cash. Application has been made for these shares to be admitted to trading on AIM, with ...
Business Operations and StrategyShareholder Meetings
Borders & Southern Wins Shareholder Backing at AGM
Positive
Jun 25, 2026
Borders Southern Petroleum, a London-based independent oil and gas explorer listed on AIM, focuses on the South Falkland Basin, where it controls three production licences covering almost 10,000 square kilometres. The company has invested in 3D s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.