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Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON) Watch here

Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON)


Bowleven Share Chat (BLVN)



Share Price: 33.25Bid: 33.25Ask: 33.50Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.25Spread as %: 0.75%Open: 34.00High: 34.00Low: 33.00Yesterday’s Close: 33.25


Share Discussion for Bowleven


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markettimer
Posts: 192
Premium Chat Member
Observation
Opinion:No Opinion
Price:33.25
Market cap ţ80mV$44m Directors pay
Sat 15:38
Bowleven Market Data

TIDM BLVN
Ticker Code BLVN.L
ISIN GB00B04PYL99
Currency GBX
Issue Country GB
Sector Ticker NMX0530
Year End 30-Jun-17
Shares in Issue 320m
Market Cap. £80m

Directors remuneration be it $33m or $44m over a 10 year period versus a market capitalisation of £80m puts it in perspective
 
markettimer
Posts: 192
Premium Chat Member
Observation
Opinion:No Opinion
Price:33.25
Market cap ţ80mV$44m Directors pay
Sat 15:37
Bowleven Market Data

TIDM BLVN
Ticker Code BLVN.L
ISIN GB00B04PYL99
Currency GBX
Issue Country GB
Sector Ticker NMX0530
Year End 30-Jun-17
Shares in Issue 320m
Market Cap. £80m

Directors remuneration be it $33m or $44m over a 10 year period versus a market capitalisation of £80m puts in perspective
NT22
Posts: 579
Off Topic
Opinion:Strong Buy
Price:33.25
RE: Sp
Sat 10:38
Where did that week go!!
Hopefully Monday then!!
Always amazed so little information from the bod
Really easy to do a detailed update on bomono
Laying out the facts -they don't help themselves

Still patience!!!
markettimer
Posts: 192
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:33.25
Di
Fri 20:28
REMUNERATION OF KEY MANAGEMENT PERSONNEL
The remuneration of the Directors, who are the key management personnel of the Group, is set out below in aggregate.
Remuneration of Directors:

2016 2015
$’000 $’000
Short-term employee benefits 1,975 2,925
Long-term employee benefits – 543
Post-employment benefits* 48 –
Termination benefits – 243
Directors’ remuneration 2,023 3,711
Social security costs 376 406
Share based payments 723 1,007
3,122 5,124
markettimer
Posts: 192
Premium Chat Member
Observation
Opinion:No Opinion
Price:33.25
Directors remuneration
Fri 20:18
The Directors of Bowleven state that their remuneration for the last 10 years is $33m but Crown Ocean stated that it is $44m.

Both the Directors and Crown Ocean are correct depending upon how you decide to calculate remuneration.

The Directors are correct if you exclude social security costs and share based payment costs but if you include social security costs and share based payment costs then Crown Ocean are correct.

See table below that has been extracted from the annual statutory accounts for each year :

Remuneration Social Share based
security costs Payments Total
$'000 $'000 $'000 $'000

2016 2,023 376 723 3,122
2015 3,711 406 1,007 5,124
2014 2,867 310 966 4,143
2013 3,039 415 1,020 4,474
2012 3,848 569 815 5,232
2011 4,079 489 848 5,416
2010 4,696 484 940 6,120
2009 2,586 241 1,077 3,904
2008 3,495 350 3,845
2007 2,966 297 3,263

Total 33,310 3,936 7,396 44,642

For instance the Directors will have used the numbers disclosed on page 23 of the statutory accounts for the year ended June 2016 but there is further disclosure on page 42 which shows the social security costs and share based payment costs that are not included in the total remuneration costs disclosed on page 23.

It is now a requirement that accounts include a one line total remuneration total as in the past the remuneration reports in Company accounts would show salary and fees, pension benefits, and other benefits but would not include the costs to the company of executive share schemes and LTIPs these would be shown on other pages and share holders would have to search through the accounts to find them.

The changes to reporting Directors remuneration are to be commended as it brings transparency as it is possible on one page to see how much the Directors remuneration amounts to.

The numbers for 2008 and 2007 do not include share based payment costs as I could not find them in the accounts so the $44,642 is most probably to low.

The social security costs are not disclosed for 2008 and 2007 so I have assumed that they are 10% of the reported remuneration costs.

Surely shareholders want to know what the total cost is for Directors remuneration and that is $44,642,000.

mt
skiwizz
Posts: 813
Off Topic
Opinion:No Opinion
Price:33.25
RE: Sp
Fri 18:08
On a Saturday, that's worse than your normal guesses!
NT22
Posts: 579
Off Topic
Opinion:Strong Buy
Price:33.25
Sp
Fri 17:00
Pull back in the last few minutes
Someone trying to hold the price back?
More buys than sells could breakout tomorrow!!
mateyboy
Posts: 1,983
Observation
Opinion:No Opinion
Price:33.50
jonno
Fri 14:30
id take that; and yes my vote is a protest vote towards the greedy men at the top.
Jonno41
Posts: 559
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:33.50
RE: New age / Lukoil
Fri 14:07
If they did I would estimate they should bid around 85p a share.

Circa $100M cash in bank + $70M (what they will pay Blvn + $170M for Etinde and Bonomo = $340M = circa £270M which is about 85p.

That would make everyone happy and is realist IMO....
markp1975
Posts: 536
Off Topic
Opinion:No Opinion
Price:33.50
Simon Thompson
Fri 13:49
I have already cast my vote in favour of COC's proposed changes. However I was very interested to read Simon Thompson's analysis of the situation in the latest edition of Investor's Chronicle. I disagree with his view regarding COC's proposals but it piqued my interest to read his opinion that whatever the outcome of the vote, BLVN is very unlikely to remain as a listed company for too much longer.




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