Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Surely if creditors were just going to dump large volumes of shares they would have already done it in the form of shorts? Am i missing something here? Can’t see them crashing a share price to cash in half the value they could by feeding the shares into the market
Not looking like a good day for markets today probably and oil but good luck anyway.
I will upset if this opens + 10% because I would have missed out
Post Premier Oil Thursday share price to open
@23p
[31st March 2021 at 16:30 updated 16:39 Gmt]
Paul Weidman, corporate finance director of advisory firm Gneiss Energy, said: “On admission, the enlarged company will have 18.5bn shares outstanding and a market cap of £4.3bn ($5.9bn) at a share price of 23p / share.
“Pro-forma net debt is expected to be $2.9bn, giving an enterprise value of $8.8bn."
Read the rest of article here:
https://www.energyvoice.com/oilandgas/north-sea/311458/harbour-list-london-tomorrow-chrysaor-premier-complete-deal/
Sometimes right being the operative word but always myopic and like Henry the mild mannered Janitor ultimately lucky with the pandemic as the call came home to roost. Would have been interesting to see how it played out on a level playing field...? Seems to be positive re enforcement amongst the boards to keep this under pressure st current levels, which flys against the current oil fundamentals. OPEC like the Fed, have the equity markets, have Oil’s back. US infrastructure package helps . The pressure from the climate lobby is years in the making , the new entity has a window of opportunity snd in the low 20s upside odds seem good to me. Nee dawn tomorrow . Good luck all
I wish I had followed andy p,s advice as he was, sometimes, right. And this is the point, there are no absolutes in this game, no nailed on certainties.
is the last trading day of the current tax year. LSE is closed on easter Friday and Monday. then Tuesday we are in a new tax year. yes folks there will be ISA money coming into PMO tomorrow. or is that HBR? all the charts will be screwed up once the ticker code changes so TA will be more tricky.
andyp posting one the ADVFN board this evening. he likes to remind folk of the 3bn shares coming to the market tomorrow.
Steve,
Not been here for a while but followed avidly til I dropped out early COVID. Honest question but why do you have to repeat your view with constant re-enforcement? As Andy.P used to say, don’t get married to your view or try to find reassurance on these boards. Interesting times ahead. Good Luck
3.8bln valuation and 200kpb.... It was struggling with 200mln with 70kbpd. hmm
Pmo has redefined the definition of volatility. It now means moving around , up and down, but at a permanently low level.
"expect high volatility".
another down day? its been down 3 days on the trot.
SmallT
Wouldn’t it be wonderful if quoted companies were valued at their intrinsic value. Over a long enough period the truth outs, but the market can remain irrational for far longer than investors can stay solvent. The share price this week has been driven by the market markers trying to balance buyers and sellers. If there are more sellers than buyers, the the price is lowered until more buyers come in or sellers change their mind and vice-versa.
Over the last couple of weeks we have seen a high volume of creditor shares being pre-sold via shorts. We will likely see high volume of creditor shares being sold for the next several weeks. This is going to distort the share price and hold the price down until creditor share overhang is cleared. Once the shareholder base stabilises, dividends declared, FTSE entry confirmed and first set of half year results published, the share price will be comparable with peers. In the meantime expect high volatility.
St, me thinks you are confusing market cap and enterprise value. Two different things. Anyway, well soon see tomoz .
It's down just 30 cents - is that meant to make you panic?? Get a grip!
Blade, computer magically doesn't come up with a price or Mcap. There is a calculation involved and someone defines that calculation based on various factors and info that Harbor provides. Even an IPO price is determined based on the info provided by the company that is listing. They keep the price confidential but Harbor knows what it is.
Anyways Mcap could be around £6.5bn based on the oil price before the close of market today. So SP could be 30p but premarket, bloody scumbags will bring it down to low 20s.
Could be in auction as soon as it opens up and will not open until 10mins may be. Another 11hrs to go...
Ooops, amadeggon tomorro. Bring back Tony D .
That’s going to help tomorrow’s panic
sharp drop this evening lets see where it closes. still time for a wee bounce.
Pearl's, we are adrift, in a harbour, going round in circles rudderless.
why would you sell out straight away? We should be in for a period of recovery now!
Whilst I note the size of the free float, in fairness I really do not see the turnover tomorrow suddenly jumping from 30m to 3bn. Most of the creditors will keep their shares whilst they assess the new Board and the proposition put forward to grow shareholder value.
In the immediate next few days, regular RNS's of major shareholders is likely to boost the shares materially beyond tonight's price.
Small trader , a word to the wise, no.company can determine the market cap of itself , only the market can do that. M cap is the number of shares in issue which is a known quantity , in our case 18.5 bn, multiplied by the share price which is not a known quantity but determined by the market based on lots of imponderables. Which is exactly why investing in shares is a gamble. Sorry to disappoint. And pmo has been more a gamble than most.
Forget closing price. If it opens up at 26p then am out straight away. It should open up at 26p atleast.
Anybody out there to clarify what this means exactly please ?
"The Company confirms that the issue of certain new ordinary shares to creditors will result in an adjustment to the exercise price under the terms of the existing equity warrants issued by the Company in 2017. The exercise price will be adjusted from £0.4081 to £0.4017 with effect from 1 April 2021."
It is bloody disgusting that Harbor did not bother to mention about what the MCap would be. They mentioned about billion shares but not about Mcap.
Someone knows what the MCap is. It is not the computer that will decide the MCap. Bloody why not mention it in the RNS along with the shares. Why investors have to guess what the MCap is? Harbor mgmt seems to be as worse as PMO.
Why just say similar to peers? They are hiding market information. Is it not market abuse? Bloody FCA as always are useless.
It all depends on how many of the 3 billion creditor shares are dumped on the market. I am afraid t here is likely to be a major disconnect between value and share price for next couple of months.
I have no idea what the share price will be tomorrow - it is a matter of supply and demand for shares. I believe the shares will trade both lower and higher than current price over next few months and will be up and down like a fiddler’s elbow. Unfortunately we are totally in the hands of distressed debt funds until they have offloaded their 3 billion shares.