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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: 0.00High: 0.00Low: 0.00Yesterday’s Close: 29.125


Share Discussion for San Leon


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Infapound
Posts: 305
Off Topic
Opinion:Hold
Price:29.125
View Thread (2)
RE: This could be
18 May '16
Correct Orbi - hold on for multi bags here :))
 
Orbilune
Posts: 3
Off Topic
Opinion:No Opinion
Price:29.125
This could be
18 May '16
The Mother of all squeezes...
Orbilune
Posts: 3
Question
Opinion:No Opinion
Price:29.125
View Thread (3)
Is this right...?
18 May '16
Our market cap at the moment is around 30 million$. Of this, at least 50-60% is held by funds. So say 14 million$ is available for pi's to trade. After the new money is raised (about 170 million$ for the loan notes will be provided by institutions) our total market cap will be about 200+ million$ and,of that, only 14 million$ will be in the hands of private investors. Doesn't that mean that if the market likes this deal there will be a huge squeeze on the measly amount of shares still owned by the pi's?
smithy91
Posts: 312
Off Topic
Opinion:No Opinion
Price:29.125
good post from links iii
18 May '16
only prob being sle isn't selling barry sobeit..but they are raising $200mill..paying off Tosca and associated lenders!!!..and retaining the cash sweep as income by what I can see which will run into mega multi mills..

Placing

The Company is therefore planning to undertake an equity fundraising of at least $200 million (the “Placing"), the net proceeds of which will be used (subject to any necessary shareholder and regulatory approvals) to:
purchase the Loan Notes from Toscafund;
repurchase the additional $100 million of loan notes required to complete the Remaining Transactions;
fund transaction costs; and
provide working capital to the Company.

The Company has concluded that shareholder value would best be obtained by San Leon becoming the ultimate beneficial owner of the entire $173 million of Loan Notes. This structure, if completed, would provide the Company with highly material cash flow from three sources:

coupon and capital repayment of the Loan Notes, with associated cash sweep; ( As a result, San Leon will have security over the acquired assets and it will receive income from the notes (they pay 17% per year and mature in March 2020)............so 17% on $173mill pa...millions to sle..

cash flows from ordinary dividends associated with its indirect 9.72% economic interest in OML 18;

and revenues associated with the Company's right to provide drilling and workover rig services to Eroton in its capacity as the OML 18 Operator.

...................
plus nova seis!!..detail to be released no doubt!

Oh plus..the service contract will again be worth multi millions as to increase the production to 100,000+ the only way to do this is to drill etc..so a lot more wells etc..so payments to sle.
SloppyJoe
Posts: 3,946
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (2)
No idea
18 May '16
What that's supposed to mean.

Why did you feel the need to lie about being a shareholder?

Can you answer that by any chance?
Waterstone
Posts: 157
Off Topic
Opinion:No Opinion
Price:29.125
Sloppy's...
18 May '16
....bubbly is already open.
Infapound
Posts: 305
Off Topic
Opinion:Hold
Price:29.125
View Thread (3)
Come on OF
18 May '16
Get your finger out and let's get the placing sorted and then re-admission.
All genuine can then then have some fun and open the bubbly rather than squabbling with a bunch of A HOles!

GLA
Waterstone
Posts: 157
Off Topic
Opinion:No Opinion
Price:29.125
Sloppy
18 May '16
You've bought, ramped, sold x 7. still don't see any difference.
Deadcat1
Posts: 96
Off Topic
Opinion:No Opinion
Price:29.125
RE: Sidcat
18 May '16
Well, you accused me of having multi IDs and I have already explained my position.
SloppyJoe
Posts: 3,946
Off Topic
Opinion:No Opinion
Price:29.125
Sidcat
18 May '16
My "attack" as you call it was prompted by the fact that the story you told didn't add up.

I only pointed out the flaws in it - There was no abuse - up to you to explain the inconsistencies I suppose.




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