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Bowleven Share Chat (BLVN)



Share Price: 27.50Bid: 27.25Ask: 27.50Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.25Spread as %: 0.92%Open: 27.50High: 27.50Low: 27.25Yesterday’s Close: 27.50


Share Discussion for Bowleven


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NT22
Posts: 428
Off Topic
Opinion:Strong Buy
Price:24.50
View Thread (2)
Shares
19 Nov '15
Presume the bod could still buy back shares supporting the price? Or are they not allowed to trade until after the deal closes?
However this feels better and better
With the oil price so low and most of the bad news out the way- I would not be surprised if a few big investors were not hoovering up all the shares as pi's throw in the towel
Patience value will win out!!
Kh could be really looking forward to 2016

Certainly a stock for an ISA
 
DoubleD7
Posts: 175
Off Topic
Opinion:No Opinion
Price:24.50
RE: new shares
19 Nov '15
Thanks HKRBob, more likely the latter but who knows!
Jonno41
Posts: 519
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:24.50
RE: new shares
19 Nov '15
On a negative - Animex now have a desire to keep the BLVN sp low until January, which is slightly concerning.

I am not suggesting they have the will or the way to keep the price down, but it is never nice knowing a company stands to benefit from Bowleven not rising.
HKRBob
Posts: 173
Off Topic
Opinion:No Opinion
Price:24.50
RE: RE: new shares
19 Nov '15
The $10MN carry, sounds like the million pound drop...

Basically Kevin Hart is going to carry $10MN in cash out of the Bowleven's bank and park it in his Scrooge McDuck style vault at home.

Or it could just be that we are funded $10MN drilling of the multi-well campaign planned on Aminex's Ruvuma licence in exchange for a percentage of the licence.
Jonno41
Posts: 519
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:24.50
RE: new shares
19 Nov '15
KH does not like Buybacks, however if it drove the sp up, you would not have to give away so many shares.

KH take heed, buyback $5M shares, which will push the price to 35p and then give away $5M shares at a 40% higher price.

This is good business trust me Kev....
DoubleD7
Posts: 175
Off Topic
Opinion:No Opinion
Price:24.50
RE: new shares
19 Nov '15
For those of you more knowledgeable than me, can you advise what '$10million carry' is?
NT22
Posts: 428
Off Topic
Opinion:No Opinion
Price:24.25
gas off take
19 Nov '15
hopefully they will be experts in gas off take soon!!
then we will all be happy!!
kingtrader72
Posts: 448
Off Topic
Opinion:No Opinion
Price:24.25
RE: new shares
19 Nov '15
Hopefully it will be a buyback!!
Grahambr
Posts: 127
Off Topic
Opinion:No Opinion
Price:24.25
RE: new shares
19 Nov '15
It says in the RNS only a small portion in shares and peanuts out of the cash pile for the returns.

-- Aggregate gross consideration of up to $28 million comprising $8.5 million cash, $10 million carry, $5 million share-based element and $4.5 million in contingent payments.

As at 31 October 2015, the Group had a cash balance of circa $120 million and no debt with a further $40 million receivable in staged cash proceeds ($15 million on completion of drilling/end September 2016 and $25 million on Etinde FID).
NT22
Posts: 428
Off Topic
Opinion:No Opinion
Price:24.25
new shares
19 Nov '15
how are blvn going to pay for the new deal?
if its shares? presume they either buyback shares on the market ( great)
or print some more shares ( like QE) a disaster for share holders?
or offer to current shareholders shares at a discount still bad news as it weakens shareholder value??
probably the reason why the shares have hardly moved!!




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