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Bowleven Share Chat (BLVN)



Share Price: 20.75Bid: 20.50Ask: 21.00Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.50Spread as %: 2.44%Open: 20.50High: 21.50Low: 20.50Yesterday’s Close: 20.75


Share Discussion for Bowleven


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3cardbrag
Posts: 1,343
Off Topic
Opinion:No Opinion
Price:23.50
Money in the bank
23 Sep '15
£100m, £150m or whatever. The problem is we don't know for sure that we still have anything like that amount in the Bank.. Whose to say it hasn't dwindled to £50m?
 
darientaylor
Posts: 2,021
Off Topic
Opinion:No Opinion
Price:23.50
nice to see scotland fielding
23 Sep '15
more scots than foreigners for a change. more than can be said for their cricket team
JoeCreed
Posts: 6,745
Off Topic
Opinion:No Opinion
Price:24.00
Vog
23 Sep '15
Lots of small trades there now like there was here last week.
mayfair21
Posts: 609
Off Topic
Opinion:No Opinion
Price:24.00
Kingtrader
23 Sep '15
" Do you think we would be valued at circa £80m MCAP if we had £150m cash and no debt..... Off course we wouldn't!!!! " Actually yes I think we would. The money in the in the bank is one of the primary reasons for the discount the company trades on i.e. the uncertainty in the City about what BLVN will do with its cash pile. BLVN need to show a bit more balanced portfolio to reflect its core NAV of 74p a share. This cash pile is a reason for the rumours that BLVN may make a bid for VOG as there are there are significant synergies between the two.
marthasson
Posts: 5,154
Off Topic
Opinion:No Opinion
Price:23.50
View Thread (3)
kingtrader
23 Sep '15
i wasn't looking for a fight....and i wasn't the one who bought this subject up up so vent your anger elsewhere.
i was merely stating what the RNS says..........i'm certainly not going to argue over anyones "estimates"
as that would be RIDICULOUS
NMH19
Posts: 4,996
Off Topic
Opinion:No Opinion
Price:23.50
Nothing since
23 Sep '15
19th August - surely we must get a drilling update soon. Anyone?? Thanks
kingtrader72
Posts: 448
Off Topic
Opinion:No Opinion
Price:23.50
Marthasson
22 Sep '15
The companies ongoing operational costs aren't being by NA.....how rediculious.

$85m has not been received or they would have released an RNS as it's a material value and would legally need to be disclosed.

As Elartu states circa £100m is a fair estimate of cash in the bank currently..... Aren't you happy with that?

Do you think we would be valued at circa £80m MCAP if we had £150m cash and no debt..... Off course we wouldn't!!!!
marthasson
Posts: 5,154
Off Topic
Opinion:No Opinion
Price:23.50
also
22 Sep '15
the operational costs you talk of are being undertaken at the moment by new age ( as per RNS )
marthasson
Posts: 5,154
Off Topic
Opinion:No Opinion
Price:23.50
kingtrader
22 Sep '15
you have assumed the other $85m have not been paid then........are you sure of that?
Elartu
Posts: 657
Off Topic
Opinion:No Opinion
Price:23.50
RE: £150m
22 Sep '15
You guys don't have to guess. The company gave a presentation to the JPMorgan Global Oil & Gas Conference on September 3rd. If you check out the presentation, you will find on slide #10 that Bowleven had:
"Cash at 30 June 2015 ~$145million* (post farm-out completion and $9 million Petrofac settlement), no debt."

They also state that "G&A reduced to ~$1.1 million (gross) per month".

I believe you can get a reasonable estimate of current cash in hand from the given information.

http://www.bowleven.com/system/files/uploads/financialdocs/Investor_PPT_Aug2015.pdf

Kingtrader's £90-£100 million estimate seems reasonable to me.




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