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Bowleven Share Chat (BLVN)



Share Price: 25.25Bid: 24.75Ask: 25.25Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.50Spread as %: 2.02%Open: 25.00High: 25.25Low: 25.00Yesterday’s Close: 25.25


Share Discussion for Bowleven


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trader250
Posts: 771
Off Topic
Opinion:Strong Buy
Price:34.25
Investors Chronicle -Simon Thompson
6 Apr '17
"The company is carried for $40m of net drilling on two appraisal wells, and is due to receive a further $25m once the final investment decision is made. Etinde accounts for half of Bowleven's book value of 89p a share

The bottom line is that Bowleven is in play and I really don't expect the company to be listed on the London market this time next year. So, having included the shares in my 2016 Bargain Shares portfolio at just shy of 19p, and rated them a buy again in this year's Bargain Shares portfolio, I feel a realisation value of 50p a share is not unreasonable in a break-up scenario, representing a 60 per cent discount to Arden Partners' latest risked net asset value (NAV) estimate. Buy."
 
1msn
Posts: 1,135
Off Topic
Opinion:No Opinion
Price:33.75
Skiwizz
6 Apr '17
One of the new directors has slfready bought .36 of the company over 1 million shares, its on the blvn website if you look
Rivendell666
Posts: 5,249
Observation
Opinion:No Opinion
Price:33.75
Ski
6 Apr '17
Would NewBod not be in a closed period if they are contemplating great changes...??

I'm sure NewBod take their duties seriously and will represent ALL shareholders not just those with a beneficial interest of 23.2% of the company.

I'm sure OldBod will still be shareholders and they will be watching like a hawk for the slightest whiff of impropriety.

Interesting times, all of which can be resolved by Biya in a glorious moment...........

""""Crown Ocean Capital P1 Ltd ("Crown Ocean"), a private investment company and the beneficial owner of 23.2% of the outstanding ordinary share capital of Bowleven PLC """ from CoC RNS

PS Beneficial ownership ........ ""A beneficial owner is a person who enjoys the benefits of ownership even though title to some form of property is in another name. It also means any individual or group of individuals who, either directly or indirectly, has the power to vote or influence the transaction decisions regarding a specific security, such as shares in a company.""

Be interesting to find out the breakdown of ownership of their shares
skiwizz
Posts: 850
Off Topic
Opinion:No Opinion
Price:33.25
It's too quiet!
6 Apr '17
I need to break the silence, am I the only one left? No posts on any boards! Trading is virtually non existent, it would be nice to hear some reassuring words from COC now they are in control, would be nice to see the new directors buy some.
NT22
Posts: 687
Off Topic
Opinion:Strong Buy
Price:33.50
Sp
5 Apr '17
Strange!!
75k shares sold No buys and sp goes up?

Not selling will top up if it goes much lower
1msn
Posts: 1,135
Off Topic
Opinion:No Opinion
Price:33.25
From lukoil website
5 Apr '17
In June 2014, LUKOIL joined the deep-water offshore project in the Etinde block on the Cameroon shelf in West Africa (the deal was closed in March 2015). The block is located in the Gulf of Guinea, offshore Cameroon, in close proximity to the border with Equatorial Guinea. It is developed on the basis of a product-sharing agreement (PSA) signed in December 2008. In July 2014, a 20-year license was obtained for the development of the Etinde block. Previously, thirteen out of fifteen exploration and appraisal wells drilled at the block yielded positive results. In 2015, two more appraisal wells were drilled. Currently, the Company is conducting design and engineering activities at the site and drawing up a development program for the newly discovered gas fields. The final investment decision on the project is expected to be made in 2016.
Compass007
Posts: 1,039
Off Topic
Opinion:No Opinion
Price:33.25
RE: ?
5 Apr '17
I totally agree with your comments regarding the old BOD.....however I am still not convinced with COC, my comments may be on the negative side but thats because this is AIM and I have seen this sort of thing happen too many times, I disagree that COC are just shareholders...technically you are again correct, but they now own the board....just remember these people are investment activists....but I remain hopeful.....
Rivendell666
Posts: 5,249
Observation
Opinion:No Opinion
Price:33.75
I wonder
4 Apr '17
Will we get an interesting dynamic here.?? The new BoD are oilies and know the (eventual) value of Etinde when it finally gets under way. On the other hand CoC might be pressing for a fire sale to double / treble (??) their investment ASAP

20% of a ginormous HC field with free drill appraisals and minimal debt required might be more appealing to experienced heads than a fire sale......??

C'mon Biya go for it.....
tombi1
Posts: 612
Off Topic
Opinion:No Opinion
Price:34.00
blvn
4 Apr '17
we might get a better idea of them wanting the 30% ,as now they dont need to buy anymore as they are in the position they wanted on the board ,so they dont need any more ,

so a holding rns might tell us more of there plans if they keep buying now ,

and it looks like they are with the size of some trades yesterday and today ,as no one else buying ,aimo
Nicolocado
Posts: 900
Off Topic
Opinion:Strong Buy
Price:34.25
RE: sp
4 Apr '17
Oldtimer, I hope one day you will get it right. I am bullish target 67p mid term.




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