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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: 26.25Bid: 26.00Ask: 26.25Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.25Spread as %: 0.96%Open: 27.50High: 27.50Low: 25.25Yesterday’s Close: 26.25


Share Discussion for Bowleven


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Boxa
Posts: 5,010
Off Topic
Opinion:No Opinion
Price:34.50
RE: Value
20 Feb '17
Exactly, the SP hasn't been suppressed by anyone - it's found its value as a result of the actions of the BOD. The market does not believe the current management will create any shareholder value from the assets. The institutions clearly share that belief too, otherwise they would have all been climbing on board at this bargain price.

Aside COC (who have an agenda) not a single II has made any notifiable movement in holding over the last year - other than JPM who has significantly decreased. That in itself should tell you why the SP is where it is, and what those in the know believe is likely to happen moving forward under KH.

I'm pleased the general consensus appears to at least support the removal of KH, but I'm afraid that in itself is unlikely to change much, the problem is deep rooted now, the BOD are jointly responsible and IMO should be replaced.
 
1msn
Posts: 1,104
Off Topic
Opinion:No Opinion
Price:34.25
Initiates
20 Feb '17
Cenkos 60p Buy..
ihavenoclue
Posts: 4,259
Off Topic
Opinion:No Opinion
Price:35.00
View Thread (2)
RE: Value
20 Feb '17
"Which ever way you look as this, this share is massively undervalued.. suppressed by the MM and institutions for far to long, I feel they are to blame as well, manipulating the price to a point of distruction and with no agenda.."

Wrong .... the SP has been lower than cash as Kevin Hart spends millions on exploration and only manages to claw 25 - 50% value back. That is the whole reason COC are launching this attempt before he blows all the cash again !!!
1msn
Posts: 1,104
Off Topic
Opinion:No Opinion
Price:33.50
Value
20 Feb '17
Which ever way you look as this, this share is massively undervalued.. suppressed by the MM and institutions for far to long, I feel they are to blame as well, manipulating the price to a point of distruction and with no agenda..
There will be a point in the future wether with COC or board that value will prevail.. it depends on how long you are willing to hold.
durby
Posts: 2,248
Off Topic
Opinion:No Opinion
Price:33.50
RE: Entinde value
20 Feb '17
So Bowleven's 20% share in Etinde is worth $200m a year plus $1 to $2 billion after further appraisal. Ok, but did't the board sell 40% of Etinde at a total price of $250m? And they claimed this deal to be a huge success and therefore awarded themselves fat bonuses on the back of it? Who should I believe - you, the board or neither?
themighty
Posts: 866
Off Topic
Opinion:No Opinion
Price:33.50
Entinde value
19 Feb '17
So quite a few agree current reserves could pay bowleven 200 million a year before any upside from appraisals wells so how much could that be worth at fid 2 billion? at least 1
3cardbrag
Posts: 2,262
Off Topic
Opinion:No Opinion
Price:33.50
View Thread (2)
NT22 re those who sold
19 Feb '17
It's one thing to just talk up all the positives but doesn't provide balance if you don't also consider the alternative scenario ie
COC sell up.
JV with VOG doesn't happen.
Directors continue to sit on their arses and drain away company funds.
Result - share price tumbles. Let's face it SP has only gone up recently because of the potential positive scenarios.
Just saying
durby
Posts: 2,248
Off Topic
Opinion:No Opinion
Price:33.50
If we continue spending the cash ..
19 Feb '17
Worth considering what happens if the company continues spending its cash ($95m left after spending appx $90m in the last two years).

Well at some point Etinde will be taken to production. While the company has free carry up to $40m for the next two appraisal drills, the company has to provide its share (20%) of building the production infrastructure, production capex. At this point in time there is no clear estimate what this cost will be like. So if the company does not conserve cash, there may be a need to raise cash to support taking Etinde to production in not so distant future.

So worth remembering what the potential implications of the approach suggested by the company means on cash needed to take Etinde to production ...

Hence in my opinion the company's proposed strategy of continuing to spend its cash reserve is very risky and flawed.
slipanchor
Posts: 729
Off Topic
Opinion:No Opinion
Price:33.50
re wow
19 Feb '17
Cheaps is still posting on ADVFN board under Le_Commissaire.
durby
Posts: 2,248
Off Topic
Opinion:No Opinion
Price:33.50
Bonus clawback clauses ....
19 Feb '17
Since the 2007/8 financial crisis, it is now a standard practice in financial institutions to have clawback clauses tied to bonuses for people who are deemed as material risk takers. So that bankers do not get away with short term profits that in the long run screw up the customers or the bank.

About time such clawback clauses are introduced across all sectors - at least for Board members and executive directors. That will flush out some of these rotten apples that sit on various boards.




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