Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Thanks all. Very useful info for me to ponder over.
I was in this share all those years ago (same time as Falklands was the thing) and have just recently got back in, in a much larger way. Holding tight for December. Good luck all.
Yes, Star, that's right. I paid 20p per share then.
This was from my 12/3/20 post on this forum. Hope it helps. All prices/exchange rates approx. As a reminder, there are now 2.3b shares in play, not 2.1b......
1. In April 2010 when BPC floated on the UK AIM market there were 860,000,000 shares.
2. Oil was at c$100 barrel when BPC peaked at 25.697p intraday 4th Feb 2011.
3. This gave BPC a market cap of £220m/(@1.60=) $350m in Feb 2011. This was equivalent to 10.2p based on 2.1 billion+ shares.
4. On 9 Aug 2018, an intraday share price high of 7.4446 was reached. Using round figures of 2.1 billion BPC shares, this made the market cap on this day £160m/$210m. Oil price was $70.
5. However the peak 25p 2011 share price and $350m market cap was before EA approval, before any sign of oil and prior to BPC exploration having seriously began.
Oil was around $100 per barrel back then.
2010-11-23 RNS states 987.38M shares x Feb 2011 high of 25.697p = £253.72M market cap. Seems the market cap has been much higher here than I remember, almost four times higher and that was when drilling was still a very long way off. Cheap as chips.
https://investegate.co.uk/bahamas-petroleum-co--bpc-/rns/exercise-of-options/201011231416176767W/
I've looked for that facility for years, but never found it although I think you can see a chart of historical market cap on a Bloomberg terminal if you have access. Check for the last known total voting rights in RNS statments directly before the peak and mulitply by the share price.
Referring back to what this share did 10 years ago, the number of shares was clearly far less when it traded at over 10p. How can I find what that number was to work out the market capitalisation back then?
Or is there already a source of historical data/graph which shows previous market capitalisation figures?