Register
Login:
Share:
Email Facebook Twitter




SLE Share Chat - RSS Feed

San Leon Share Chat (SLE)



Share Price: 60.00Bid: 59.00Ask: 61.00Change: 0.00 (0.00%)No Movement on San Leon
Spread: 2.00Spread as %: 3.39%Open: 62.00High: 62.75Low: 60.00Yesterday’s Close: 60.00


Share Discussion for San Leon (SLE)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


fracker
Posts: 91
Off Topic
Opinion:No Opinion
Price:53.50
View Thread (2)
Price
25 Aug '15
Why has the price dropped to 53.50 on this site?
 
ShareInvestment
Posts: 458
Off Topic
Opinion:Strong Buy
Price:53.50
Opinions
25 Aug '15
Nobody knows if these levels are the lows but IMO we got to a level where with cash raised almost equal to the market cap and interesting assets in the appealing gas sector the stock is deemed cheap by institutional and private investors such as me who bought again yesterday. At the same time people who shorted the stock on the way down might start to think that it's too risky to continue with that strategy and therefore I feel pretty positive, but time will tell.
frus
Posts: 1,424
Off Topic
Opinion:No Opinion
Price:59.50
Korg
25 Aug '15
When did you join SLE....You say your happy with deal at 80p, your happy with deal or no deal, your covered for all situations. Buy more if it goes lower ( for greater gains later on ) ...Or you'l sell the lot higher win,win. The game is afoot. What you dont seem to have taken into consideration is what if it goes lower and stay's lower..If your happy with 80p you must have got in very cheap and very recently. When you say you are covered for all situations is that because your a 17 company trader.
Korg
Posts: 1,262
Observation
Opinion:No Opinion
Price:59.50
bidder = t5
24 Aug '15
T5 looking for aquisitions, could easily afford to buy sle, they have hundreds of millions at their dispossal, ... and their irish!
Korg
Posts: 1,262
Off Topic
Opinion:No Opinion
Price:59.50
OPINIONS
24 Aug '15
the news has flushed out true worthy opinions as to REAL value here imo, minimum of 80p, gets you the assets, all the money needed to get the job done and near term revenue producing assets.

Personally I'm happy either way, deal or no deal, short attack, or bear squeeze.

I'm covered for all situations.

I'll buy more lower (for greater gains later on), or sell the lot higher. WIN WIN.

The game is afoot! ... and you know it.
FQ320MR
Posts: 2,659
Observation
Opinion:No Opinion
Price:53.50
Brother
24 Aug '15
Your fundamentals may not have changed but they have here - a buyer has been flushed out and fundamentally that changes the whole prospect here !

Oh and nothing here goes unnoticed by me fella - ESPECIALLY THE ORCHESTRATED DERAMPERS WORKING THIS BOARD !!

MR
ShareInvestment
Posts: 458
Off Topic
Opinion:Strong Buy
Price:53.50
Approach
24 Aug '15
Clearly whoever made the approach does have an interest and ultimately knows that SLE is undervalued at these level. Time will tell if they will make a firm offer and at what level, but at the same time it might push others to make a move. I'm convinced that Tosca must have also purchased such a large stake after having reached a similar conclusion at higher prices (ie we are cheap) and they will for sure not sell their stake with no return.
Searcher
Posts: 36,619
Observation
Opinion:No Opinion
Price:53.50
post by Surrey_Hills on iii
24 Aug '15
Nobody seems to have raised the coincidence that our neighbor in Poland, FXEN, got two offers a couple of weeks ago. It might be relevant to today's news, especially if the interested party is not Tosca:

http://www.marketwatch.com/story/fx-energy-announces-process-to-explore-sale-of-company-2015
Early_Bird
Posts: 3,882
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:59.50
View Thread (2)
RE: FQMR
24 Aug '15
Takeover offer signals SLE now very much undervalued... could be some very nice returns here from current levels
mattykir
Posts: 102
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:59.50
Article
24 Aug '15
A City banker who recently helped fund San Leon Energy (LON:SLE) says he is not surprised that someone’s interested in buying the junior oil and gas company.

News of an approach sent San Leon shares about 16% higher on Monday morning, rising 8.5p to 62p, in what was an otherwise dreadful morning across the rest of the stock exchange.

A brief stock exchange statement confirmed speculation in Ireland’s weekend newspapers that a bid approach had been received.

“I do not know who is preparing a bid, but it hardly surprises me,” Oliver Stansfield, chief executive of Brandon Hill Capital, lead banker in June’s £29mln capital raise, told Proactive Investors.

Stansfield does, however, think that investors would need to see a premium before they agree to sell.

“I would think that any bidder would have to pay at least 80p a share for the company,” he added.

Oisin Fanning, executive chairman of Dublin-based San Leon, was unavailable for comment. But a spokesman said: “Yes an approach has been made.

“However, there is no certainty that an offer may be made or as to the terms on which an offer may be made”.

Stansfield, meanwhile, highlighted that Toscafund - which invested £16mln as part of the recent funding - owns 41.47% of the company.

“At 60p a share currently the company has a market cap of £33mln.

“Given they have not just most of the cash left but also some very good assets the shares are cheap.”

San Leon has a spread of assets in Poland, Ireland, Morocco and Albania, but the immediate value is thought to lie in some acreage in Poland and the Celtic Sea in Ireland.

In Poland, San Leon Has a 35% interest in the Rawicz field and adjacent acreage where together with its joint venture partner, it has made one of the biggest conventional gas discoveries.

Mean recoverable reserves (P50) have been put at 100mln cubic feet of gas following a positive drilling result and flow test of 4.5mln standard cubic feet a day (MMscf/d).

First production is expected in the first quarter of 2016.

The potential cash flow for 2016 is put at US$10-15mln. Fanning has put the value of this asset at US$150mln

The other near term value asset, assuming a farm-in partner can be found to develop it, is the Barryroe discovery in Ireland. There is thought to be 266 mln barrels of recoverable oil in the field.

San Leon, with a 4.5% net profit interest (NPI), could benefit to the tune US$230mln of the field, based on lower oil price assumptions made by the company itself.

Obviously, the detail of the approach is thus far undisclosed and so shareholders will have to wait, but, they can do so in the knowledge that they own one of very few shares to see positive territory in London this Monday.





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.