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San Leon Share Chat (SLE)



Share Price: 29.125Bid: 28.00Ask: 29.75Change: 0.00 (0.00%)No Movement on San Leon
Spread: 1.75Spread as %: 6.25%Open: 29.125High: 0.00Low: 0.00Yesterday’s Close: 29.125


Share Discussion for San Leon


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SloppyJoe
Posts: 3,938
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (2)
Tim
17 May '16
I wouldn't concern yourself with him tbh.

He's got nothing to say, just like the rest of them.

Perhaps he and his associates ought to make investment decisions based on the investment case rather than sentiment.

But as you see, sentiment, albeit always negative, is all they've ever had.
 
Timbremner
Posts: 25
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (3)
RE: Sorry........
17 May '16
consider the tone of your postings - these are pretty aggressive in tone nevermind what the content holds. where-as sj and other so called rampers have a happy, hopeful, positive message. your tone cannot be doing your mental health any good, seriously, for your own well-being, try be a bit upbeat.
fazchan73
Posts: 25
Off Topic
Opinion:No Opinion
Price:29.125
RE: Future MCap? Confused...
17 May '16
Infapound - thanks for your reply! I thought there might be a good reason why people were suggesting such large estimates on the future share price. I had forgotten about the share buy backs and the dividend (22.5p?), too.
Infapound
Posts: 295
Off Topic
Opinion:Hold
Price:29.125
View Thread (7)
RE: Future MCap? Confused...
17 May '16
Faz - the placing at 105p will be taken up by Tosca and other II's who will look to hold IMO. There investment strategy is for income and capital growth. The RNS states that the transformed SLE will pay large dividends and exercise share buy backs over the next 5 years. This strategy is being under taken to ensure the placing is over subscribed and that the market is not flooded with shares on re-admission.
We are therefore looking at 61m shares in the market - only a %'age of which are held by pi's - which will change hands at a premium to the re-admission price.
£2++++ IMO.
I will be holding and hope there will be plenty of other LTHs too :) the more LTHs the stronger the SP will get.
GLA
fazchan73
Posts: 25
Off Topic
Opinion:No Opinion
Price:29.125
Future MCap? Confused...
17 May '16
Hi all, great news about the Nigerian deal which sounds transformational -- but I'm confused as to what our future MCap's going to be.

Based on SP Angel's $350m evaluation of the deal, and using $30m as current evaluation of our existing assets, we should now be a $380m (~262m GBP) company.

OK, so take the $200m (~138m GBP) raised by the placing at 105p (1.05 GBP) subscription price, SLE's issued shares will increase to 191,428,571 shares. Divide the 262m GBP MCap from above by the ~191m shares now in issue, and we get an evaluation of 136p / share.

So, excuse me for being ignorant -- but where do folks get the 300p/share evaluation from? Is it something to do with future P/E or the profit we'd make on the 50K+ bopd the OML 18 field will now produce? Surely that's got to be worth more than 136p/share!

Thoughts anyone?
mallorca
Posts: 273
Off Topic
Opinion:No Opinion
Price:29.125
Future
17 May '16
I'm finding it very hard to understand this deal. Too many ifs and buts. Don't even know what happens to our existing shareholdings. Looks like they're going to be trashed again with this proposed new rights issue. Do we get the option of buying more shares. Do we really want to buy more shares! Big figures being bandied around. . . There's also ( this weeks news) the prospect of Nigeria's southern delta becoming a war zone. . .
Deadcat1
Posts: 93
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (2)
RE: Sloppy....
17 May '16
Waterstone, without doubt the majority of PIs have lost heavily over the years, although some won't admit it.

However, we can't change the past. The Nigeria deal on paper looks excellent. Only time will tell how it actually pans out.

I prefer to be cautiously optimistic rather than orgasmically excited.
Waterstone
Posts: 157
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (2)
Sloppy
17 May '16
Haven't had time to trawl through all 3905 of yours, but you are clearly the guru we should all be listening to.
SloppyJoe
Posts: 3,938
Off Topic
Opinion:No Opinion
Price:29.125
Waterstone
17 May '16
Nothing you have ever posted could ever make a legitimate contribution to a reasoned debate.

Not one post.

The next question surely must be why you want a debate at all.

Yesterday's RNS made the future pretty clear I thought.
Infapound
Posts: 295
Off Topic
Opinion:Hold
Price:29.125
View Thread (2)
Past performance is no indication..
17 May '16
SO TRUE!

The value of investments can go up as well as down etc etc yawn!

Sorry for those who got in the wrong time and well done if you got in at the right time :)

Up and up for here on re- admission

Not a ramp just the facts ma'am!

GLA all genuine holders.




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