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Xcite Energy Share Chat (XEL)



Share Price: 65.00Bid: 64.00Ask: 65.00Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 1.00Spread as %: 1.56%Open: 63.00High: 65.25Low: 63.25Yesterday’s Close: 65.00


Share Discussion for Xcite Energy (XEL)


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JoeSoap
Posts: 867
Off Topic
Opinion:No Opinion
Price:65.00
View Thread (3)
RE: Still don't get it
9 Jul '14
From the 2013 Annual Report we have this table:

Exercise prices Quantity outstanding Remaining term to expiry (days)
CAD$0.10(£0.06) 650,000 8
CAD$0.29(£0.16) 100,000 113
CAD$0.37(£0.22) 150,000 285 [Oct 12]
CAD$0.68 (£0.44) 3,262,000 453
CAD$0.74 (£0.42) 900,000 334
CAD$1.19 (£0.74) 4,100,000 1,273
CAD$1.25 (£0.80) 1,050,000 1,317
CAD$1.62 (£1.01) 9,850,000 1,633
CAD$2.30 (£1.46) 1,450,000 946
CAD$2.92 (£1.80) 2,800,000 672
CAD$5.95 (£3.85) 1,340,000 730
Total 25,652,000 Average 1,121 days

and from the Q1 report we know that these are all still live -
"During the three month period ended 31 March 2014 no share options expired. ..........................

As at the date of signing this MD&A [19 May 2014] there were 25,652,000 share options outstanding, all but 250,000 of which are exercisable, and 17,250,000 share warrants outstanding."

[Therefore they did not expire as might be expected from the table because the Option Agreement was changed in November and ratified at the AGM by the shareholders such that any options expiring in a closed period are held over until up to 10 days after the period ends.]

Today we were told 750,000 we about to expire - total of lines 1 & 2 in the table. Line 1 belong to the Management, and Line 2 to Jones (his golden hello).

So, IMO, the closed period, which has existed all year, ended when the Aibel RNS was published on Friday 4 July.

A further 100,000 options were also taken up, but we do not know which tranche they came from, but it was not for a Director, and only Lines 1,2,3,4 & 5 are in the money. Line 3 belong to Paradox Public Relations as their golden hello, and 4&5 to both BoD and Management.

Why they do not tell us at this time who took them or the price they were taken at (same thing!) is beyond me and we will have to wait until Q3 report to see the movement and income received.

BUT the good news is that they have now got the opportunity to award themselves these 850k again plus 10%!
Plus 1.1 times Roger Ramshaw's take up, of course.

Somewhere around 4.5M is possible..........probably when they announce the ES update submission or FDP, IMHO.

GLA
joe
 
Sellhigh
Posts: 5,575
Off Topic
Opinion:No Opinion
Price:65.00
Positives
9 Jul '14
What would the message boards be saying if the options were not taken up?

Any shares purchased on the open market has to be seen to be as positive - they buy shares to make money - they expect the shard price to go up.
Sellhigh
Posts: 5,575
Off Topic
Opinion:No Opinion
Price:65.00
Management loading up
9 Jul '14
850,000 options taken up. Although these would almost certainly give the holder instant profit any director sale would need to be announced via an RNS - therefore unlikely we will see any selling until after the FDP is approved when the board expect the share price to be much higher
goinglarge
Posts: 233
Question
Opinion:Hold
Price:65.00
Lost
9 Jul '14
Has anyone found my money? Invested it in XEL a few years ago and seem to have lost most of it!
Sellhigh
Posts: 5,575
Off Topic
Opinion:No Opinion
Price:65.00
Closed Period
9 Jul '14
The BOD have made it very clear what news we are going to see over the next 6 months and the financing will be a combination of methods.

So no they are not going to announce financing is sorted and the FDP is finalised (within the next few weeks)

But news flow will continue and several RNS are expected this year.
Sellhigh
Posts: 5,575
Off Topic
Opinion:No Opinion
Price:65.00
View Thread (2)
Director Buys
9 Jul '14
Why would they buy shares? It's not a big enough buy to Aid the share price, they hold options which they can purchase after any price increase. They work for the company so they are putting all their eggs in the same basket.

May be it's the reason many of us buy shares -Greed the chance to make money.

Some would argue Andrew Fairclough, Financial Director, should hold more shares.

Could it be Harry Wilson, Non Executive Director, was awarded the recent option on the condition he bought shares on the open market. Even so he would still need the price to be higher, before it's worth purchasing these and the option shares.

Are we going to see more director purchases?
highlandsbull
Posts: 1,074
Observation
Opinion:No Opinion
Price:65.00
Another rig free for a while?
9 Jul '14
highlandsbull
Posts: 1,074
Observation
Opinion:No Opinion
Price:65.00
Aibel..
9 Jul '14
wetdream
Posts: 273
Off Topic
Opinion:No Opinion
Price:65.75
Buys 3x sells
9 Jul '14
but price still drops.
WTF?!
MrOp-ti-mis-tic
Posts: 19
Observation
Opinion:No Opinion
Price:65.25
up
9 Jul '14
Share price always used to bob around the 100p area......now in our wildest dreams....



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