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And, perhaps even more importantly, the bid for Eland, no matter how one feels about sle, Oisin and/or the company's history, puts paid to this often hysterical notion of big, bad, black hole Nigeria. Seplat's cash on the barrel head must come as a welcome relief to the blackswan's of the world.....
Not sure I get your point red. There are 'corporate actions' and then there are cash bids for neighbouring businesses. Eland, which is only producing net around 10k bbls/day, is as close to a pure comp for SanLeon as you're going to get, so the premium paid is far less important than the imputed valuation for its core business and how that reflects on ours, which I am working on now. However, a back of the fag-packet estimate shows that at 166p, Ela is going out at right around a market cap of £350m and an enterprise value of over £400m fully diluted, which includes over £30m in net debt. Meantime, sle have $40m in net cash, with roughly 140m more due and a market cap of just £116m (effectively a negative enterprise value and therefore no imputed value for the operating business), so a bid which values the operating business at even a tiny fraction of (less than 20% say) of Eland's would already get you to above 60p. But again, that's very quick and dirty.....
Seems OML18 gas output amongst other sources could benefit from increased pipeline security in the Niger Delta creek area given this new money and drive for increased LNG output from Bony terminal - let us hope so! ( original posting attributed to Links on II)
Christ I'd forgotten about the Felton road...wonder how B7 is doing...luckily he didn't take me up on the double or quits 55p next share buyback...i'm led to believe things brewing in SLE - I've rather kept out of the spat between the believers and the unbelievers...rather pointless name calling. The SP is where it is due to a lack of confidence that the loan monies are coming in on time...but i think there will be a hurry up on that sooner rather than later and then I suspect a further buyback or dividend. I also suspect the majority shareholders might like a dividend. There are a few good oil performers on AIM at the moment, but the majority are trading well below perceived value, whether it be Hurricane or JOG or Amerisur. SLE in a similar boat - i think its a generational problem with investors forgetting that there is no need for shares to give them multiple X their investments TODAY, when these things take time. I suspect SLE will, over time, gravitate back to a more logical level (lets choose 50p to start) but does it go via 20p? maybe...
Plus marty Afake does not tell it how it is, he posted and mislead on many occasions regarding suntrust and new pipeline and fso, licence renewal etc etc. Regarding sp this is aim and all companies are news driven and not just sle with no debt or cash in the bank are immune from it!.
If you hadn't noticed mart, sle have a office in nigeria, which I have heard that he and joel price man it at varied worked out times, so marty OF doesn't reside in his flat/ London office all the time.
I don't care if he is Chinua Achebe (although in that case I would have hoped his spelling would be a bit better) - he tells it as it is for SLE. And as the SP burns below 26p, OF plays the fiddle in his palatial apartment in London (rented out to SLE at inflated rates of course, like a good Nigerian).
I've made lolly here, you havent your a lolly loser and everytime good news is out regarding your suntrust and fso and pipeline misleading propaganda you like a lolly in the sunshine disappears melts away.
Most shareholders are very upbeat on good news but you being Afake don't like good news hence proves your motive and your not a stock holder.
so you snakes with many heads must admit to being brothers at last because you have used lol at the end of your sentance sometimes. you are desperate paranoid twins and have no clue about anyone. that is why people look and lol at your posts. thank you for showing everyone you desperation and big worry. lol.
and lest we forget, after getting everything wrong in his predictions for san leon from Avobone on, B7 welshed on his SP bet with PC01 for a case of fine pinot noir wine and disappeared into thin air without so much as a by your leave, only to return as...yep, our very own board comedian
hilarious mclean but i rather think brothers even used to say 'lol' at the end of his posts. bit of a giveaway - so we need to add yet another identity to his long list! this is just the type of bb abuse that the recent Times article was focusing on.
Every post of yours says you don't hold here, every post of your you complain, you mislead you in fact lie about.
So don't take me for as someone as stupid as yourself, you are Afake you history proves so.
Beware you state!! Ha..twit
Posted in: SLE
RE: Holdings RNS31 May 2019 00:20
midwestern another institution collecting shares so that tosca and them have private control the company and later cumpulsory buy out ordinary public share members at a very very big discount down big on todays price. beware
you havent a clue about me mclean. you always guessing a new person i am each week or two. trying your hardest to gess who i am. you think i am someone you know you think you know about my shares. you seem parinoid abou somthing. if it is so good for the red lion just sit back and count your big winnings and dream of what you say will come true have some confidence in yourself and what you say. God Bless