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Bowleven Share Chat (BLVN)



Share Price: 29.75Bid: 0.00Ask: 33.00Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.00Spread as %: 0.00%Open: 29.75High: 0.00Low: 0.00Yesterday’s Close: 29.75


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redrobb
Posts: 33
Off Topic
Opinion:No Opinion
Price:28.75
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cash factored in..
23 Feb '15
You may be right, but I don't think the cash being received is in the current price.. I do think that it is the prospect of it that is keeping the price where it is, ie from stopping it drifting down to the low 20's where it has recently been, but I don't think the actual receipt of funds, and that deal has finally completed is factored in at all at this level..
.. one bullish sign to me is the Westhouse Securites buy note to clients on 31/01/15 with a target price of 93p..
For them to be recommending BLVN to clients they must have taken a view that the deal will complete and that the money being in the bank will happen, and they will have then justified to clients their near term price target of 93p...
 
meadow
Posts: 517
Off Topic
Opinion:No Opinion
Price:29.00
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RE: gazetting
23 Feb '15
I doubt that cash is factored in, so hopefully we will see a rise.
marthasson
Posts: 4,175
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Opinion:No Opinion
Price:29.00
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gazetting
23 Feb '15
i'm as bullish as the next man about this company but can't see a sharp jump up on either gazetting news or cash in the bank........as these things must surely be factored in as done now........drilling news more likely to improve SP imo......but hope i'm wrong
Digby04
Posts: 523
Off Topic
Opinion:No Opinion
Price:29.00
Redrobb
23 Feb '15
Thanks. Pity!
redrobb
Posts: 33
Off Topic
Opinion:No Opinion
Price:29.00
gazetting price jump?
23 Feb '15
I would only expect the price to move when the funds are actually received into BLVN's account .. there is a period of time from gazetting that Lukoil have pay the funds to BLVN .. not sure how long, but I think 7 days, which would mean 7 working days.. given all the twist and turns so far with all of this, I don't think anyone will believe it until the money is in the bank so I wouldn't expect much of an uplift , if any, on the gazetting..

When the money is in the bank I would expect a steady rise in the share.. in different times it should double, but who knows.. I would have thought 50p would be achievable and then a rise from there .. it will be interesting to see what all the analysts and broking houses that cover this stock advise to their clients once the money is in the bank.. I think it will be quite bullish.. but all IMHO only..
marthasson
Posts: 4,175
Off Topic
Opinion:No Opinion
Price:28.75
redrobb
23 Feb '15
do you expect the price to jump when the gazetting is completed then ?
redrobb
Posts: 33
Off Topic
Opinion:No Opinion
Price:28.75
the rns was quite clear..
23 Feb '15
the gazetting is a requirement , as per the last RNS below..
so no need to rely on tea leaves, or perceived pearls of wisdom or hunches from any posters on this bb.. it is all quite clear in the RNS.. the gazetting is part of the process..

the RNS : - dated 30/01/15
"Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce that it is now in receipt of the signed Presidential decree approving the transfer of interests. We now await the gazetting of the decree, the final condition to completion of the Etinde farm-out and receipt of transaction proceeds."
Digby04
Posts: 523
Off Topic
Opinion:No Opinion
Price:29.25
tea-leaves
23 Feb '15
It seems extraordinary that we are forced to read BLVN's tea-leaves in order to try and establish whether or not gazetting is critical requirement, prior to receiving Lukoil's cash.

Has anyone tried communicating with KH, et al, to find out whether or not gazetting is essential pre-requisite, or is he remaining silent on the matter?

I am a bit mystified as to why IR have not clarified this fundamental point, or maybe they have and I've missed it.

Thanks.
marthasson
Posts: 4,175
Off Topic
Opinion:No Opinion
Price:29.25
decent sized buys
23 Feb '15
going through at the mo.......long may it continue :-)
tunggie
Posts: 357
Off Topic
Opinion:No Opinion
Price:29.00
Is this what we've been waiting for
23 Feb '15
End of stay in Cameroon, Edith Quintrell (pictured), Director of Operations of the Multilateral Investment Guarantee Agency (MIGA), the insurance arm of the World Bank Group, said February 20, 2015 reporters, that new projects could soon be guaranteed in the country, particularly in the areas of energy, transport and port operations.
" With the Cameroon government and the private sector, we have made ​​an assessment of our cooperation and discussed new opportunities that could benefit from our guarantee, and allow the country to have an additional tool for capturing foreign direct investment "summarized Ms. Quintrell.
Few details have emerged about the discussion points with the Cameroonian public authorities. But in terms of its agenda, it is not excluded that the new guarantees to the projects led by companies such as GDF-Suez, which leads off the town of Kribi, a project to build a plant liquefaction of natural gas, in joint venture with the national oil company (SNH).
Globelecq Africa was also mentioned. Two of its major shareholders (Norfund and Commonwealth Development Corporation) recently announced a strategic partnership, which should allow them to take control, and if necessary, launch new investment in African countries where the Group operates, including Cameroon .
Edith Quintrell has insisted that the presence of MIGA in Cameroon is not a sign that the country had specific risks. " Our presence in the investment framework in Cameroon, as in many countries also aims to provide long-term security for foreign investors who request it and we obtain the agreement of the host country . Although these large groups can generally raise financial resources, there are nonetheless subject to various risks , "said Mrs. Quintrell.
Remember, MIGA guarantees already some projects in Cameroon, including the investment made by HTT Telecom SA, the parent company of 4G Africa Group, whose best-known brand is YooMee, and who benefits from 2012. The other guarantee given to Cameroon by MIGA occurred in 2014 and concerns the investment fund Actis currently deployed through Eneo and local subsidiaries Globelecq (Kribi Power Development Dibamba and Power Development)
Idriss Linen
http://www.investiraucameroun.com/finance/2302-6108-la-miga-se-dit-disposee-a-garantir-de-nouveaux-investissements-au-cameroun





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