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rre had an TO recently it traded well below that level for months leading up to the offer so your theory is flawed
On the 10% if it's that why even state you can offer all your shares, it's simple if it's not 100% taken up as some will see future value then some will get there holding taken off them for 46p
ATB
mr alaric you show your ignorance of shares buying and selling now. the 46pennys value is for only 10percents of mr dusters holding. you are a bit stupid in applying it to all of the shares he bought for 32p. i did not think you were so thick so is it that you chose to pull the wool over investors eyes for your own selfish reasons.
32p is good still. so you are not in a loss situation presently that is very good. but i do not think the offer can give you more than 10percent of your holding unless others do not want to take up there allocation and then you would get some more but i donot think it would ever be 100percent as that is not the terms of the offer. if it was then the share would be going up towards 46pennys not down towards its current unhyped value of about 31.6 with the 10percent offer factored in.
good luck sir.
My holding is 100k at 32p Now if I tender the lot and IF yes IF they take the lot at 46p that's not a bad result is it.
ATB
for mr duster. 10percent loss in 3 days.
No one wants to suffer a loss of any kind, but don’t let your ego get in the way of making the right decision when it happens. The best course of action is often to cut your losses and move on to the next deal.
Keep the loss in context and don't take it personally. Remind yourself that a lot of other people out there took a hit just like you did—perhaps even more of a hit than you did. The loss doesn't define you, but it can make you a better investor if you handle it correctly.
https://www.thebalance.com/how-to-deal-with-losses-in-the-stock-market-3141314
Your prediction about the so falling back end of this week what happened or shall I day did not happen, 10% only I think not do you?
oops sounds like some of you guys have got form. why am i not surprised. happy though to let you squabble amongst yourselves whose face fits which body. and i thought we'd seen the last of Sid Karno's travelling circus.
Totally wrong, fella.
I am thinking that Afamefuna is the chap you are looking for, but, hey, wtfdik?
YOU POST AS historyman ON ADVFN
JUST AS NEGATIVE THERE EY??
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, San Leon Energy Plc’s 14-day RSI is currently at 74.32, the 7-day stands at 76.92, and the 3-day is sitting at 75.98.
mr olderandwiser mr alaric is good cop. wait until you meet his alter ego he calls mr blurill. you have not seen much from the condicending cupboard yet so prepare yourself.
My God, Alaric, you're a condescending b...ard. No wonder newbies on this bb are few and far between, with acerbic posts like your last one. Do you really think you're the only PI with prior investment experience, professional or otherwise? Try eating some humble pie and put on your teacher's hat for a moment, to educate some of us mere mortals who haven't been going to Hell and back on the SLE story over the last 5-10 years. I'm sorry if I haven't had to bear your previous pain, but I've been busy making money elsewhere.
For the record, in case you have any interest at all, I was attracted here by the Tender Offer rns, pure and simple, and the foggy notion I had that somehow SLE was involved with BarryRoe, where I am very fully invested via Lansdowne (Logp). I have my own calculation of what a 4.5% npi might be worth to SLE but was interested to debate this with other like-minded posters. Forget it now.
As for eroton, the OPERATOR, I made an elementary mistake of referring to SLE instead of eroton. The point I wanted to make is that in ramping up to 115k bopd in 5 years' time, eroton will need to balance its hefty capex requirements with dividend payments to its shareholders.
You bother me, Alaric. Do you have a problem in your private life in making and keeping friends? Try to see people and their utterances in a positive light in future, and not always be on the lookout for trouble, a troll, or an online fight. I am in none of those categories. All I want is to make a decent capital return in my SIPP, to live off, in my retirement years, which have started.
Apart from that, the more I read about SLE, the more I am inclined to hold on to my very recent purchases and not tender them, despite your attempt to shut the open door on me.
the Barryroe farm out clearly affects the value of our 4.5% npi. it makes it properly tradeable. but you will have to wait now to the end of the year now before finding out how much as i dont see us selling it anytime soon. you bother me olderandwiser: you've appeared from nowhere asking loads of qüestions and making bad points. as for the development of OML18, i suggest you read the Admission docs as you dont appear to know who the operator is.
'The Operator has proposed a significant oil and gas development drilling programme that will involve capital expenditure of approximately US$1.5 billion over the next five years that is expected to increase oil production from approximately 50,000 bopd to approximately 115,000 bopd and gas production from approximately 50 MMscfpd to approximately 485 MMscfpd by 2020. The development programme is expected to be funded out of OML 18’s cash flow and is not expected to require any further investment from the Company.'
faced now with a stream of the best news this company has has seen since it announced the OML18 deal, we have heard a strange but predictably rubbish response from a beleaguered camp squirrel, joined it seems by a bunch of first time posters (investors?) who appear at first glance not to know much about the company. nor do they know much about share tenders, which is just great. keep it up guys.
once said it would be dangerous for anyone buying this week after reading the happy rns. will it fall back to about 32.5pennys next week. what do the snakes think.
The directors have all made a commitment NOT to tender any shares in the TO. have they mr olderandwiser
it might be part of the plan. more privat investors can sell and the company can be taken over by tosca and friends
https://www.investopedia.com/terms/c/creeping-tender-offer.asp
What is a Creeping Tender Offer
A creeping tender offer, also known as a creeping acquisition, is a takeover strategy involving the gradual acquisition of a public company's shares on the stock market, instead of making a direct bid.
combos
have 150k shares here will.tender them all what do you think my chances are of getting them all taken in the open offer
The directors have all made a commitment NOT to tender any shares in the TO.
I agree that Martin Hughes / Tosca is seen to be a sticky investor. Therefore I dont see him reducing in this buy back, more for the fact that he will only reduce his holding by a small amount which will not change anything for him. Assuming the large shareholders dont participate in the tender a greater percentage for those that do. I would also like to think that Fanning has sufficient commitment not to sell anything .... also showing his commitment. Not something I would bank on. Whilst a lot has changed the monies are being repaid which should be enough to keep the buybacks coming. We know that the rearranged financing allows a lower level DSRA which would enable dividends to be paid but could also be withheld to fund the development of OML 18. A combination of the two may well indicate the £1 plus valuation for the shares in the medium term as SPA suggested a couple of years ago
I wonder what allowance in that report was made for wastage/theft along the oil pipeline from theoretical bopd flow? That's my only concern now, as well as how SLE can fund its share of ramping up production at OML-18 to over 100k bopd, given that they want dividends to start from the operator as well.
Thanks alaric. I'll try and hunt it down.
Regarding BarryRoe, the farm out deal with APEC doesn't affect SLE's 4.5% npi as it specifically comes out of the rump left with Pvr after they farmed down to 40% WI, leaving Pvr effectively with a 35.5% npi.
interesting point to remember, thanks bluerill. anathema to the squirrels of course but always been clear to me that Oisin has enjoyed the complete support of Martin Hughes over time. and that has been the making of San Leon as we see it today. if people want to get a good quite detailed overview of San Leon, as they did the OML18 deal, they should read the lengthy and thorough SPAngel report from a couple of years back, written by Zac Phillips. that put an SP of between £1 and £1.20 on us then to reflect our true value then. included in that was a risked value of 19p per share assigned to Barryroe (before Barryroe got farmed out). can't seem to find it now but it used to be gettable off the Winnifreth (ugh) website.
The idea of the exercises were to 'maximise social utility'. No, I never could work out the required formulae either - anything above 10 times tables was beyond me.
'No intention of buying' - as a long time holder, it's a question of selling. And, for the record, I will probably not bother. I've held this long and can wait another year or two - and 46p doesn't cut it for me.
Jesus some people are hammering the sells this morning. I suppose it’s people taking profits after the sharp rise.
SB
There is quite a lot of chat about Tosca and Martin Hughes on here - again we are guessing as to their end game but I’d be v surprised if they wouldn’t like to reduce a little risk here? I know the fund has a reputation for stickiness but they had a near death experience with SLE which required Tosca’s balance sheet to sort it out. Thus the 46p I believe as the tender price.
Time will tell - personally I will put in to sell 50% of my holding ...as luckily in cost on all between 23and 28p...then ride what’s left...