Register
Login:
Share:
Email Facebook Twitter

Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


Bowleven Share Chat (BLVN)



Share Price: 26.75Bid: 26.50Ask: 26.75Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.25Spread as %: 0.94%Open: 26.25High: 27.00Low: 25.25Yesterday’s Close: 26.75


Share Discussion for Bowleven


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


skiwizz
Posts: 843
Off Topic
Opinion:No Opinion
Price:31.75
RE: BLVN Profits reinvestment Idea
21 Feb '17
Someone with a profit on here, good luck with that! I'm 13p off a break even and I think most are worse than me.
 
markettimer
Posts: 245
Premium Chat Member
Answer
Opinion:No Opinion
Price:31.75
RE: 2,500 buys
21 Feb '17
I would guess Crown Ocean buying in small quantities so as to not move the price up much
------------------------------------------------------------------------------------------------------------------------------------------------
whats with all the 2500 buys
BigBear2
Posts: 3,255
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:32.00
RE: The true cost of Bowlevenņs boa..
21 Feb '17
well put m8.
Quite simply these lot have had their noses in the trough at shareholders expense for too long....
-Fecked up Sapele
- Focussed on non-value accreditve drills in Bonomo
-Failed to deliver a single farm in the lowest oil proce for decades

Muppets.......looking forward to them getting the boot.
tombi1
Posts: 612
Off Topic
Opinion:No Opinion
Price:31.75
2,500 buys
21 Feb '17
whats with all the 2500 buys
LuckCounts
Posts: 1,035
Off Topic
Opinion:No Opinion
Price:33.00
BLVN Profits reinvestment Idea
21 Feb '17
For my BLVN friends might be a good time to check-out Eland Oil & Gas a Nigerian E&P - barring sabotage attempts the share should go a long ways from here.
Producing 10k barrels a day at a low cost with a market cap of around GBP90mn.
Resumption of shipment was just announced today.
durby
Posts: 2,237
Off Topic
Opinion:No Opinion
Price:33.00
RE: The true cost of Bowlevenņs boa..
21 Feb '17
Good that folks are picking up on this!

Would also like to read the concerns I raised around independence ....

Half truths even to the last minute!
stupot1000
Posts: 1,689
Off Topic
Opinion:No Opinion
Price:33.50
View Thread (9)
The true cost of Bowlevenņs board
21 Feb '17
From www.bowlevenholders.net
----
On Friday Bowleven’s board issued a rebuttal to Crown Ocean’s damning open letter to shareholders. The board focussed on ten issues it believes Crown Ocean has misrepresented, with the chief complaint being how much the directors have earned. Crown Ocean claims “The Board were awarded remuneration totalling US$44 million over ten years.” Bowleven’s board tells us “The correct figure is US$33 million”. Who is right?

If you go through Bowleven’s annual reports for the last 10 years and add up the total cash remuneration to the board, the total figure comes out as just over $33.31million.

One interesting point to note is that in 2008 Bowleven restated board cash remuneration for 2007 to $2.966milllion, up from the $1.537million originally reported. This looks like an appalling set of errors to have made in audited accounts, but it was 10 years ago and is unlikely to have much bearing on the vote at the AGM. (Though for the record, in the original 2007 report Kevin Hart was reported to have earned $188,000, only for it then to turn out he actually earned $368,000 – did he not read the original annual report?!)

Based on these figures it appears at first glance that Bowleven’s report is more accurate, so how might Crown Ocean have arrived at the $44million figure?

Reading through the figures and it looks like Crown Ocean has also included share based compensation and social security costs.

For the full years from 2007 to 2016, Bowleven’s board received a total of $7.396million in share-based payments. It is perhaps reflective of the current board’s attitude towards shareholders that it did not include these payments in its calculation. After all these directors appear to have cared so little about share price performance over the years, why would they believe the generous piles of shares they awarded to themselves would have any value?

This leaves social security costs. Over the last 10 years Bowleven has paid $3,290million in remuneration-related tax.

Taking into account all the employment costs of Bowleven’s board over the last decade and the directors cost the company $44million. Crown Ocean’s figure is correct. Arguing over whether this amount is technically “remuneration” is ridiculous. This is what the directors cost the company, while destroying shareholder value. They have to go.
----
mateyboy
Posts: 2,110
Question
Opinion:No Opinion
Price:32.50
the question is
21 Feb '17
what will the ii do, will they vote or not???
mateyboy
Posts: 2,110
Question
Opinion:No Opinion
Price:32.50
the question is
21 Feb '17
what will the ii do, will they vote or not???
tunggie
Posts: 676
Off Topic
Opinion:No Opinion
Price:32.50
RE: Crown Ocean phone call
21 Feb '17
Holder Shares sold Shares held
Credit Suisse Securities Europe Ltd. (Market-Maker) -24.24m / -100.00% 0.00
TD Direct Investing (Europe) Ltd. -2.92m / -12.83% 19.83m
Barclays Bank Plc (Private Banking) -1.20m / -6.98% 16.01m
Investec Wealth & Investment Ltd. -1.17m / -67.20% 572.00k
HSBC Bank Plc (Market-Maker) -1.17m / -18.71% 5.09m




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.