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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


Lansdowne Oil Share Chat (LOGP)



Share Price: 0.875Bid: 0.85Ask: 0.90Change: 0.00 (0.00%)No Movement on Lansdowne Oil
Spread: 0.05Spread as %: 5.88%Open: 0.875High: 0.875Low: 0.875Yesterday’s Close: 0.875


Share Discussion for Lansdowne Oil


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wraith
Posts: 4,609
Off Topic
Opinion:No Opinion
Price:0.875
RE: Take over by pvr
Sat 18:52
Hi JH77,... Yes, as a PVR shareholder, I have approx 5 times the Funds invested in PVR, to what I have invested in LOGP (at today's Market Caps),...... when using a ratio of 1 PVR share for every 4 LOGP shares I hold, this would result in my current Core PVR shareholding increasing by 85%,...... this would in itself more than counterbalance the 26.4% approx increase, that there would be in PVR shares in issue(597.66 million shares + 127 approx million shares + 31 million shares = 755.66 million shares approx), in such a scenario.
Although, as you quite rightly point out (imo), Barryroe is valued at a ridiculously low level at present,..... I believe that with the type of deal scenario outlined, the market would reflect a more realistic valuation of Barryroe, if PVR were to have the LOGP 20% also,.... which could also have the effect of negating the negative downside effect of PVR share dilution, on the PVR s/p, in this scenario, (imo).

It would be great to have a Barryroe Farm Out announced, before the end of June, or at least some sort of deal to progress the Asset.

BW
 
JH77
Posts: 821
Off Topic
Opinion:No Opinion
Price:0.875
RE: Take over by pvr
Sat 06:24
Hi Wraith....That would mean that pvr would have to create another 125 million new shares to buy out logp shareholders 500 million shares. Along with the 31 million (rumoured) new pvr shares being created for upcoming fund raise. So in total then....there would be about 760 million shares in the new entity. So that might knock the price back by about 25 to 30% in very approximate terms, but give pvr 100% control over Barryroe. Another poster on advfn was suggesting a much less generous 1 pvr share for every 15 logp shares, which I find unsupportable. I might go for a 1 for 4 buyout me self in a time of hard choices. Even valuing logp's 70 million barrels of oil at a measly 1 dollar a barrel suggests a valuation of 70 million us dollars or about 14 pence per share......Would prefer a buyout of logp for a cash offer around that figure by the likes of an incoming farminee such as total etc. Bit early in the morning to get my head around the numbers I must admit.
wraith
Posts: 4,609
Off Topic
Opinion:No Opinion
Price:0.875
RE: Take over by pvr
Sat 00:57
I was just having a few thoughts on the rumours myself,..... but more along the lines of, an all paper takeover valuing LOGP at £19.07m, which with the PVR s/p@15p would be a ratio of 1 PVR share for every 4 LOGP shares held approx.

With the rumoured PVR Cash raise s/p@15p, being used to help progress Barryroe.

Holding both PVR & LOGP shares myself, if this type of deal scenario would progress Barryroe, it would have my support.

BW
JH77
Posts: 821
Off Topic
Opinion:No Opinion
Price:0.875
Take over by pvr
Fri 16:33
Rumours about that pvr are raising 4.5 million to buy out logp. Better up the ante cos I expect a bloody handsome premium on present lowly market cap. 1 dollar a barrel for 2c reserves would put this on about 12 times current sp.
JH77
Posts: 821
Off Topic
Opinion:No Opinion
Price:0.875
Buyers about again
Fri 10:17
Good to see a few buys coming in here again. Here's hoping for a bit of news next week in shall ah!
JH77
Posts: 821
Off Topic
Opinion:No Opinion
Price:0.875
RE: could fall more & more
Fri 07:37
I agree Egghead. If no deal agreed on Barry by the next AGM. They should sack all the non execs and reduce staff to Boldy and the finance director, close down the office and get Boldy to work from home on half pay. That would reduce overheads to an absolute minimum and minimise further dilution. I hope there is a good turnout for this year's AGM to discuss further drastic money saving measures....but more than anything else I wish that O Reilly could get his finger out and deliver a deal on Barry followed by a bit of action on monetizing the Helvick asset to get some cash flow.
mannnan
Posts: 34,549
Premium Chat Member
Observation
Opinion:No Opinion
Price:0.875
RE..could fall more & more
Thu 20:20
depend on oil price .......
eggshead
Posts: 101
Off Topic
Opinion:No Opinion
Price:0.875
could fall more & more
Thu 19:13
Joke of a share. Company should close up, preserve cash & do nothing until Barryroe Farmout sorted. Whats the point in paying people in the meantime. Will run out of cash and dilute again if this action isn't taken. I will offer to watch what's happening with Barryroe re Farmout for free. Just let interested parties ring me when decent offer to buy out our 20% is put on the tabe. I will contact all shareholders when it comes. All for nothing. Great service from an underwater shareholder just like Barryroe. In ideal postion don't ye think fellow and lady shareholders?
JH77
Posts: 821
Off Topic
Opinion:No Opinion
Price:0.875
RE: JH77/kieffy
Thu 18:26
Hi guys. It's true that SP not great at the moment. Are you guys going to attend the AGM in a month or two's time? I'm expecting there will be some answers then to the present hiatus in the valuation of the company. Rather a shame that OREILLY is not too quick on closing a deal I'll admit. I try to keep fairly positive here in spite of the headwinds. Hence the rather repetitive and slightly tongue in cheek posts about this being "a wee cracker". I think the irony is lost on some....
mannnan
Posts: 34,549
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.875
Yep
Thu 16:01
With oil now a days problems keep falling even with buy




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