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Lansdowne Oil Share Chat (LOGP)



Share Price: 2.125Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Lansdowne Oil
Spread: 0.00Spread as %: 0.00%Open: 2.125High: 0.00Low: 0.00Yesterday’s Close: 2.125


Share Discussion for Lansdowne Oil


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granto
Posts: 3,940
Off Topic
Opinion:No Opinion
Price:2.125
so?.
Tue 17:17
shares diluted by 216%, with the new shares, if sold, being sold at less than the current SP. lets assume they get flogged at 1p raising £1.9m. most of this money getting swallowed up straight away. leaving SH a clean sheet, but with 350m shares, and the company arguably worth less than the Mart Cap of £4m. lwta suggest £3.5m to be kind. with 350m shares. That's 1p a share. Unless you think this is worth less than £3.5m , say £1.75m, then is a H'penny a share. Good grief. Pity they didn't offload this during high oil days,
 
daveycaferacer
Posts: 3,261
Off Topic
Opinion:Strong Sell
Price:2.125
RE: Capital reorganisation
Tue 10:06
"The Deferred Shares will not be listed or traded on AIM and no share certificates will be issued in respect of the Deferred Shares, nor will CREST accounts of Shareholders be credited in respect of any entitlement to Deferred Shares."

NO THANKS
daveycaferacer
Posts: 3,261
Off Topic
Opinion:Strong Sell
Price:2.125
RE: Capital reorganisation
Tue 10:04
IF it ever comes out of suspension

"The Directors anticipate that the issue price of New Ordinary Shares pursuant to a Potential Fundraising will likely be at a significant discount to the above share price, and certainly below the nominal value of the Existing Ordinary Shares (being £0.05 per such share)."

I'd say 0.05 PENCE not the 5p nominal value or the suspension price of 2.12p

I will be amazed if the Company survives another month
granto
Posts: 3,940
Off Topic
Opinion:No Opinion
Price:2.125
RE: Capital reorganisation
Tue 08:32
What will the SP be once it comes out of S. At least a 50% drop on currant SP .?
daveycaferacer
Posts: 3,261
Off Topic
Opinion:Strong Buy
Price:2.125
Capital reorganisation
Mon 18:42
Today's announcement is terrible, may as well let the Company fold, although I'm not sure how the liabilities are then settled. I assume they won't be.

The dilution is simply too much to bear although maybe the institutions will stump up as they're in with the Board
daveycaferacer
Posts: 3,261
Off Topic
Opinion:Hold
Price:2.125
RE: Update
20 May '16
No news is not good news IMO - the Company clearly has a disregard for Shareholders, apart from institutional ones who are probably being informed on a regular basis
JH77
Posts: 218
Off Topic
Opinion:No Opinion
Price:2.125
RE: Update
14 May '16
No news is good news. AGM must be due in the next month or so. Bound to get some update on state of play then.
daveycaferacer
Posts: 3,261
Off Topic
Opinion:Hold
Price:2.125
Update
3 May '16
Would the Company care to advise what is going on? have the Administrators been called in for example?
daveycaferacer
Posts: 3,261
Off Topic
Opinion:No Opinion
Price:2.125
RE: forward
28 Apr '16
I object to the fact the Company has not provided an update since trading was suspended, apart from the loss of licenses. I assume the Directors are still taking their salaries and expenses?
JH77
Posts: 218
Off Topic
Opinion:No Opinion
Price:2.125
RE: forward
27 Apr '16
Yes Granto. This is a body blow to the company. It only leaves Barryroe and Helvick left in the portfolio, and with Tony in the negotiating seat for the last four and a quarter years and no result to date that is not a good state of affairs. I am extremely sorry that LOGP could not have obtained a concession from the government to extend this licence, which will, in due course be snapped up by another party after all the expense incurred doing seismic and study work. I assume that Midleton is also still in LOGP control (on reflection)....but with lack of success last year I would be surprised if this adds any value. All looked very hopeful a few years ago but looking very grim ATM.




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