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Xcite Energy Share Chat (XEL)



Share Price: 5.40Bid: 5.30Ask: 5.99Change: -0.35 (-6.09%)Faller - Xcite Energy
Spread: 0.69Spread as %: 13.02%Open: 5.01High: 5.40Low: 5.01Yesterday’s Close: 5.75


Share Discussion for Xcite Energy


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highlandsbull
Posts: 4,749
Off Topic
Opinion:No Opinion
Price:5.40
RE: BOD comp
Today 14:23
Not bad if you can get it, £2m plus over the years plus office rent. The real tragedy for them is how much they'd otherwise be worth if the company funding had been attended to back in 2010..
 
ceilingcat
Posts: 2,279
Off Topic
Opinion:No Opinion
Price:5.40
RE: BOD comp
Today 14:12
The BoD have taken a 20% paycut as of July 2016.

See also http://188.246.204.240/
Jup4it
Posts: 185
Off Topic
Opinion:No Opinion
Price:5.40
RE: BOD comp
Today 13:52
A quick calc to see whether the bod are concerned.

Ok they have had good salaries for a number of years.

They sold a million shares in 2011 for 3.83. Would have paid half in taxes and had to finance their move from Aberdeen to Guildford. They were buoyant then and bought back their shares at 1.28 and 1.18. Ouch they must be feeling that especially as they may have originally re-mortgaged or sold property to get the company going.

Maybe they are feeling it as much as the LTH.
dinnerv
Posts: 368
Off Topic
Opinion:No Opinion
Price:5.40
RE: Watching
Today 13:30
Waiting for....?
SouthStreet
Posts: 148
Off Topic
Opinion:No Opinion
Price:5.40
BOD comp
Today 13:26
someone mentioned that the BOD had reduced their salaries by 20% ? This was discussed at the poorly attended Calais fest apparently. Did anyone witness these comments ?
highlandsbull
Posts: 4,749
Off Topic
Opinion:No Opinion
Price:5.40
Riverside's 12.36h postcon ii..
Today 12:51
With the cost of the Mariner platform STO probably very happy to let the Bressay yard option lapse, likely was just being kept on as a formality, XEL had already shown them how to do the field at half price to their original budget, before the latest cost savings can be applied.
highlandsbull
Posts: 4,749
Off Topic
Opinion:No Opinion
Price:5.40
RE: More AGM
Today 12:44
Could not quite recollect but was that not part of the agreenent extension, though I thought the phrase used was below market value, questionable that that be at best to define currently..
jonjo
Posts: 5,146
Off Topic
Opinion:No Opinion
Price:5.40
RE: More AGM
Today 12:10
HB - I think you would find that they would need the permission of the BH to do so??
highlandsbull
Posts: 4,749
Off Topic
Opinion:No Opinion
Price:5.40
RE: AGM
Today 12:09
As per the American 'reorganisation' filing system, though the last people to get tossed there seems to be incumbent management.
jonjo
Posts: 5,146
Off Topic
Opinion:No Opinion
Price:5.40
RE: More AGM
Today 12:09
CC - Once again thank you for the feedback which particularly useful !!
Not sure I agree with the lack of interest from Oilers as I see this as a bargain pick up with a discount on what the BH are owed. IMO the BH will call time and have a buyer in the background and then goodnight Vienna !

On the Admin front the only key consideration for the Admin will be that the firm running it will string it out for at least 6 months or possibly longer under the pretence of getting best value which leads to large fees and the same result as a fire sale.




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