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Mercom Oil Share Price (MMO)



Share Price Information for Mercom Oil (MMO)


Share Price: 3.375Bid: 3.00Ask: 3.75Change: 0.75 (+28.57%)Riser - Mercom Oil
Spread: 0.75Spread as %: 25.00%Open: 2.625High: 3.75Low: 2.625Yesterday’s Close: 2.625

Mercom Oil Sands Plc Ord 0.1P

Mercom Oil is listed in the FTSE AIM All-Share
Mercom Oil is part of the Metals sector






Share Price SpacerPrice
3.375

Share Price SpacerBid
3.00

Share Price SpacerAsk
3.75

Share Price SpacerChange
28.57%0.75

Share Price SpacerVolume
472,887

Share Price SpacerOpen
2.625

Share Price SpacerHigh
3.75

Share Price SpacerLow
2.625

Share Price SpacerClose
2.625

Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 17.23m £0.58m 7,500

52 Week High 5.63 52 Week High Date 7-MAY-2015
52 Week Low 1.38 52 Week Low Date 17-DEC-2015

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
24 233,133 193,633 -0.844 -4.00 0.00 0.00




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

11-Feb-16
13:37:03
3.27
15,000
Sell* 
3.25
4.00
490.50
Trade Type:
Ordinary

11-Feb-16
13:29:14
3.88
2,269
Buy* 
3.25
4.00
88.04
Trade Type:
Ordinary

11-Feb-16
13:25:59
3.90
3,539
Buy* 
3.25
4.00
138.02
Trade Type:
Ordinary



Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

11-Feb-16
08:43:46
2.751
100,000
Sell* 
2.75
3.00
2,751
Trade Type:
Ordinary

11-Feb-16
09:29:34
3.1002
65,000
Sell* 
3.00
3.50
2,015
Trade Type:
Ordinary

11-Feb-16
10:00:57
3.265
60,475
Buy* 
3.00
3.50
1,975
Trade Type:
Ordinary

11-Feb-16
13:01:00
3.749
39,852
Buy* 
3.00
3.75
1,494
Trade Type:
Ordinary
Bargain conditions apply

11-Feb-16
13:00:39
3.266
30,000
Sell* 
3.00
3.75
979.80
Trade Type:
Ordinary



View more Mercom Oil trades >>

Directors Deals for Mercom Oil (MMO)
Trade DateActionNotifierPriceCurrencyAmountHolding
22-Oct-15Buy
Trade Notifier Information for Mercom Oil Sands
Kyle Appleby held the position of Finance Director at Mercom Oil Sands at the time of this trade.
 Kyle Appleby
3.63GBX523,415994081
06-May-15Notification of Holding
Trade Notifier Information for Mercom Oil Sands
Kyle Appleby held the position of Finance Director at Mercom Oil Sands at the time of this trade.
 Kyle Appleby
00470666
06-May-15Buy
Trade Notifier Information for Mercom Oil Sands
Patrick Cross held the position of Non-Executive Chairman at Mercom Oil Sands at the time of this trade.
 Patrick Cross
4.62GBX440,291906957
View more Mercom Oil directors dealings >>


Date/TimeAuthorSubjectShare PriceOpinion
Today 09:21bazzerhino3.442.875No Opinion
Paid
Today 08:51bazzerhino14%2.625No Opinion
Up
Today 07:21Early_BirdRE: 15% - 30% rise everyday until AGM2.625No Opinion
This deposit repayment from a gas contract made in 2013 I think has gone completely unnoticed by the market.

As per interim results this £485k incoming plus £540k in cash means £1.025M cash take off say a conservative £200k cash burn in the past 5 months (i think its much less than this now due to directors being paid in shares) gives £825k cash in the kitty vs £450k MC, no debt, and a new focus on fintech investments as of 3rd of march if voted through.

Thats all completely ignoring the £560k they have in O&G investments... you can chuck these in for free.

Could be potentially quite an exciting period coming IMO.
Wed 17:18bazzerhino15% - 30% rise everyday until AGM2.625No Opinion
????????
Wed 08:19Early_BirdCash Position2.125No Opinion
Interim results here have some pretty important and material information hidden in them

If you read section 7 for receivables:

"On 10 January 2013, the Group entered into a contract to purchase 20,000 cubic meters of Gasoil at a price of US$775 per cubic meter. On entering the contract the Group paid a refundable deposit of £499,900. If the Group chooses not to perform on the contract, the deposit will be refunded. The contractor, at their sole discretion, has the right to impose a 2.25% fee for any amounts refunded for non-performance"

So that's £485k net cash to be received if they opt out of this contract.

Then go to section 12

"The Company on December 3rd notified its intent not to perform on the Gasoil contract and has requested to be refunded the amount owing. These funds will be received in early January 2016."

So according to this MMO should now have around £1M in cash, £500k in assets, liabilities I get down to around £100k as were paid in October using equity...

MC of £400k and as of 3rd march look to be going in to Fintech investments...

To me this is very materially significant for the company that £500k cash payment incoming so I wonder why not RNS?

The fact that directors are being paid now in shares at a nice premium is also encouraging.
Tue 08:21Early_BirdInteresting2.25No Opinion
http://www.mercomoil.com/Mercom_Oil_Sands_PLC_-AGM_Circular.pdf

Resolution 1 to be proposed at the AGM seeks to amend the Investing Policy by extending the policy to enable the Directors, in addition to making investments in the natural resources and energy sectors (with a focus on oil and gas), to make investments in the financial services and financial services technology (Fintech) sectors, these being sectors in which the Board considers it has sufficient experience

Fintech very hot sector. With MMO £500k in cash and £500k in an investment this could start moving bigtime IMO.

Share prices shown are taken at time of message posting.
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