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Bowleven Share Chat (BLVN)



Share Price: 27.75Bid: 27.75Ask: 28.00Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.25Spread as %: 0.90%Open: 27.75High: 28.50Low: 26.75Yesterday’s Close: 27.75


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neilmac202
Posts: 394
Observation
Opinion:No Opinion
Price:30.50
View Thread (2)
RE: Neil
3 Jun '15
R666 I emailed them asking if cuts have been made as they have with all of the other o&g companies including the super majors and my question was brushed aside.

I contract to BP and we have taken cuts of anything from 10 to 24% on our dayrate's so why would Bow not follow suit?
 
jointhedots
Posts: 325
Off Topic
Opinion:No Opinion
Price:30.50
Poor old Cleaner
3 Jun '15
The cleaner has probably already been summoned into the office together with other junior staff and been told a pay cut is necessary for the good of the company. All bearing the pain together.

The directors of AIM companies are an incredibly thick skinned bunch (Sepp Blatter would be proud of them), most of them have lost huge amounts of money for shareholders and are still hard faced enough to award themselves bonuses, share options and pay rises.

There should be far more director sackings in AIM companies to shake the directors up and rid out the wasters, too many fail without repercussions.
Rivendell666
Posts: 4,346
Observation
Opinion:No Opinion
Price:30.50
View Thread (2)
Neil
3 Jun '15
Chariot announced similar measures a few weeks ago. Maybe BowBod'll detect the hint of irony in the question..

Hopefully tonight the views of the PIs will be put across in a polite but scathing manner.....
neilmac202
Posts: 394
Observation
Opinion:No Opinion
Price:30.50
View Thread (2)
RE: Becoming
3 Jun '15
"BowBod to cut salaries by 50% and no bonuses until HC's are produced commercially"

Why would Bow follow suit with the rest of the sector, after all Kevin and the rest of his ex Cairn chums have given us a 10% return on the 1Bn they have spent (wasted).

Changes are required starting at the top all the way down to the cleaner!
Rivendell666
Posts: 4,346
Observation
Opinion:No Opinion
Price:30.50
View Thread (2)
Becoming
3 Jun '15
Agree completely. I suspect multi-millionaires don't have fire in their belly to grow a company like ours.

So tonight is your chance to put them on the spot. I'm sure you have lots of questions/comments, these would be mine

Kenyan Licence due to xpire 26th May. Do we still have 11b in our portfolio.

Blocks 5 &6 Etinde update. Will Sapele costs just get written off

Bomono delay - Who's gonna get sacked. Six months planning and 150 days...... Will Fortesa recompense Bow in some way for the delay

Why are our assets valued at ZERO

BowBod to cut salaries by 50% and no bonuses until HC's are produced commercially

What phephing use are Euroil

Why is the website out-of-date and full of wrong and misleading information
jointhedots
Posts: 325
Off Topic
Opinion:No Opinion
Price:30.25
Vision
3 Jun '15
What a concise and catchy vision statement to lead off the presentation (not).

"“It is our vision to build an African focused exploration and production company which in time becomes renowned for its ability to consistently create and realise material shareholder value through exploration led organic growth and niche acquisitions.”

It looks to me like a bloody statement of their slow plodding intent, Bowleven aspire to be OK even good but outstanding appears out of reach. Don't they know that if you don't aspire to be outstanding/the best/surpass etc then you won't even achieve OK. At least set the bar high.

I think they need to rethink their strategy and get someone to put a bullet up the backsides of the management, the company appears to lack any sense of urgency, they are in a great position to maximise shareholder value but they need to make it count, they have failed miserably so far. Align a powerful vision with action.

Overall, a poor presentation. Yes it says what they do/expect, but In my opinion desperately needs to present a company and team with more enthusiasm, determination and scheduled goals.

Am I being harsh?
Becomingpoor
Posts: 231
Off Topic
Opinion:No Opinion
Price:30.25
View Thread (2)
RE: Tunggie
3 Jun '15
Am booked to go todays presentation but had presumed KH would have relesed more than the news on Monday.

Now really struggling to understnad what I will get out of attending. There will be nothing new and bound to come out thinking things are all rosy and be foolish and buy more.

The volume is non existant so unlikely any ground breaking news is nearby
Rivendell666
Posts: 4,346
Observation
Opinion:No Opinion
Price:30.50
View Thread (2)
Tunggie
2 Jun '15
Thanks for that. Nothing xciting or changed as far as I can see. Nothing specific about Kenya so we'll just have to wait for tomorrow evening....

Finally got a reply from BowIR - someone's on holiday and another's on Maternity leave so they thank me for my patience but didn't answer the question about the Licence.

That's the pesky thing about holidays and maternity leave. They happen so quickly you just can't adjust the manpower rotas in time.............
tunggie
Posts: 405
Off Topic
Opinion:No Opinion
Price:30.50
Africa oil and gas business confere
2 Jun '15
Winny155
Posts: 2,069
Question
Opinion:No Opinion
Price:31.00
View Thread (2)
RE: pi,s meeting
2 Jun '15
Being such a 'concerned shareholder' Ted, I assume you will be in the front seat asking the pertinent questions?

Or, are you just a mire stirring keyboard warrior?





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