We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Massive factor for me will be any change in Askar Alshinbayev holdings. He came from nowhere with 6.19% holding notified in July 2023 as of yet no notification to say otherwise ;
https://www.lse.co.uk/rns/CHAR/holdings-in-company-tu6uf79giow1jgc.html
We know Askar is embroiled as Kazakhstan’s Secret Billionaires and has appeared on Forbes Rich List, so what has he to do with Mgt buyout ! He's also via connection with Meridian Capital well financed as well as founding partner, interestingly the other founding partner, Yevgeniy Feld also controls a holding in CHAR via YF Finance Limited. The thing that jumps out is neither have their TR-1's associated with Meridian Capital but registered in their on individual entity... hummm !!
https://meridiancapitallimited.com/management/
So, my thinking is, will Askar and Yevgeniy together with CHAR mgt work on taking CHAR private or will Askar and Yevgeniy make a play (or anther one if it was them last year) themselves. Askar last RNS holding was announced when the SP was circa ~15.5p, so minimum offer would be above that.
Although it can't be relied upon, Simply Wall St has a valuation target of 109p/s as fair target, with analysts at ~45p/s, then of course we have Malcy constantly stating worth 100p/s
As others here have alluded too, an offer of ~30p/s imo would reflect the current risks in play. Once these risks are eliminated one by one ( not long to wait for that to commence ) the price of 30p/s would be confined to history.
This brings me back to who was it that made an approach and got knocked back and what was on offer. Lots of questions but as of yet very few answers. One thing is for sure, with what we have already we are worth significantly more than 9.84p.
Are we in play is the big one, we could well be, interesting times for CHAR shareholders !!!
aimo & dyor
Could be a factor as to why they are separating Power and Gas? I'm sure AP is also keen to see a return on his investment.
29 minutes into the presentation A.P. answered the question about any offers received for the Company.
The 'pressure' was from a direct question within the Q&A session that AP was unprepared for, hence had no choice than to let the cat out of the bag.
https://stream.brrmedia.co.uk/broadcast/preview/65705f5f85e1630925165801
aimo & dyor
What pressure NewKotb? Tnx
Would a mgt buyout be out of the question ?
Probably not I would say .... !!
Some big hitters joined our board recently with no doubt ideas of bigger and better things lead by Westward Investments (Adonis Pouroulis – CEO). The approach (which we know next to nothing about ) for our whole company that was given away under pressure on live feed interview could have been the push mgt needed. Have it or loose it !
Just a thought and putting it out there ...
aimo & dyor
Ive been here since 2010 - hopefully waiting for a wonderful payday - btw I love the humblebrag about your hovel in the lakes 🤣
Good for you GP. Obviously younger than I. I'm semi-retired and now only acting for about 5 clients and enjoying that, working when I want and taking a few days off to Bowness tomorrow. We have a house there but not on the lake shore with a boat house - always need something to aim for. GSM wouldn't do it even if 10-bagged, but Char would! .... or something else. fairhavenbowness.co.uk
I have been here since 2010.
Not seen any volume like that for some time.
this is been held at 10p to allow someone to build a stake. we should know soon.
this time I feel management will be part of this buy out so that a 30p offer is accepted. this is not the perfect outcome for those looking for 100p over time but 30-40p would probably work for most of us.
Yo Ian! I am in a privileged comfortable financial position and retired well before even early retirement age and for this I am truly grateful for so not desperately needing dosh but after observing and experiencing pain in all markets for so many years I have learnt valuable lessons
I have emotion attached here like a having a toxic gf that keeps pulling you back in but now I'll treat her like the bish she is. (With a chunk in ISA in the hope that she behaves and shows me real love and loyalty)!
There will be drops it all depends on what stakes you want to play with and the margins you are targeting if you think it will recover on any slide.
Would be great to hear of rumours of a TO, that would see a 50% rise in a morning no sweat and our man has suggested an offer was suggested (If you want to believe him)
GP, surely you would only sell if you thought the sp was going to drop (even if only temporarily) or you needed the dosh?
Surety - Nice one! Chariot getting some news coverage
Over ONE MILLION shares landed, AGAIN, after hours. Value £118,000. "Unknown buy/sell" mainly 9.9p to 10p Trade price. They have to be buys at those prices. Who's kidding Who? If this carries on into next week at these volumes my money is on a buy-out, but we don't want that until the sp is more respectable so a bid is 30p+.
Have a great week-end all!
Agree Bubblepoint
https://www.offshore-energy.biz/stena-drilling-drillship-goes-to-work-in-morocco-as-energean-takes-the-helm-at-gas-field/
We are in the cesspit of traders. In that Ripley fella stylie I sold a tranch at 980 today.
I will keep a substantial holding in my ISA for (hopefully) long term gains but it seems If we can't beat them join them and pocket any gains like there is no tomorrow.
Surety,
There will ALWAYS be sellers, same as it requires buyers for any seller to sell into. as to what are buys & sells, well it is pretty much impossible to be sure, delayed trades, worked bulk trades, could be either way, but one thing is certain if they were all sells we would not be sitting at neigh on 10p right now, and I for one would rather any distressed seller is gone BEFORE we get drilling.
ATB.
Doesn’t look like the seller is out just yet..
DYOR
don’t they know it’s ****tail hour?
Sounds about right...shenanigans
The very large trades at 8.25p would appear to be late reported trades from earlier in the week as they are not affecting todays trading and are way below any price we have seen today.
I might be wildly wrong but it looks like the middle man bought up the 41m at 8.25p and is now distributing it to the last of the buying consortium at the agreed price, hence the 8.25p price still appearing in the last 2 days prints
There will always be sells..
Most likely another delayed trade from Wednesdays 'Completion of Energean Transaction' RNS, also I would say possibly an agreed transfer of shares akin to 40m the other day. Either way shares are moving from an unloved holder to one that loves CHAR, esp as it was at 8.25p/s.
AIMO & DYOR
Wow another big sell 3,030,303 for £250,000!
How long can this selling possibly last?
Literally just the beginning, they will come.. once we get back to about 13/14.. with the selling pressure gone and buying pressure increasing this can reach new 52 week highs over a time imo