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Done you robbing cooking wastads
Started: ShareInvestment, 27 Feb 2020 08:31
Last post: ShareInvestment, 27 Feb 2020 08:31
Started posting under the new ticker for our new company ADV
Started: ShareInvestment, 26 Feb 2020 14:12
Last post: ismalia, 26 Feb 2020 18:59
We need also to take on board that the new investors have put £525k into a company that at the time had a mc of £1.4m. Speaks volumes as to their determination to create a major company.
Update on the forward plan incoming.
Andalas Energy and Power plc (AIM:ADL) is pleased to announce that at the Company's extraordinary general meeting held earlier today, all resolutions proposed were duly passed.
Accordingly, trading under the new name of Advance Energy Plc (with TIDM 'ADV') is expected to be effective from 27 February 2020. In conjunction with the name change, the Company's new website address will shortly be changed to www.advanceplc.com and a further announcement will then be made.
Started: ShareInvestment, 26 Feb 2020 10:21
Last post: ismalia, 26 Feb 2020 12:00
A "Platform for Growth" the new investors called it and I don't expect them to waste time before they use the new shares.
Correct but I read it differently and that’s why I’m buying in already now ie EGM today approved with name change and green light to issue new shares without pre-emption right. Finish these technicalities this week and start from next with talks with institutional like clients to explain new strategy and raise at premium on the back of new ‘company making’ assets coming in and non core existing assets being exited. Either way March will see and end to ADL and ADV being created with new strategy, management, investors and assets which should be very interesting. Not many times you have the possibility to come in at or around the price of new management around aim, I have taken advantage of it and I’m sitting back now watching
Started: ShareInvestment, 20 Feb 2020 07:30
Last post: doubleup, 26 Feb 2020 10:20
Indeed
Its the new shares that will probably be issued for any acquisition.
The egm is to change company name and allot 1.5 billion shares, so would also expect a placing to come with rns or shortly after imo
Sorry the EGM is 26th. The Website mentions new investors as part of their review so this is starting to look promising. I don't think they will be investing bits of cash here and there but rather concentrate on a major prospect as yet to be known to the investing public. Perhaps the £500k is simply working capital to be used to tidy the existing operation and facilitate an RTO.
The EGM is 28th Feb I think so shortly after that I would expect to hear about any acquisition and if any of the existing assets will be kept. I rather feel a complete divest of what we have with a total focus being placed on a new prospect.
Started: ShareInvestment, 20 Feb 2020 08:28
Last post: ShareInvestment, 20 Feb 2020 08:28
Ismailia exactly my conclusion. The new board members are very smart double, they wanted a platform and I have no doubt that they already know that any asset non core to their strategy will go.
Started: ShareInvestment, 20 Feb 2020 07:10
Last post: doubleup, 20 Feb 2020 07:24
Pointless rns
New strategy RNS, superb and definitely needed:
Andalas Energy and Power plc (AIM:ADL) is pleased to announce that, following the recent changes to the Board as announced on 4 February 2020, the Board and Management are to conduct a review of the business with a view to formulating a revised strategy.
This review will address the current assets in the UK and Indonesia as well as additional growth options in order to maximise the value of the existing platform.
The Board expects to complete its review within the next two weeks with further communications to follow soon thereafter.
It was earlier announced that the Company proposes a name change to Advance Energy plc subject to shareholder approval at a General Meeting scheduled for 26 February.
Volvic great post it was well worth the time logging in to LSE typing your post then pressing the post message button
New boys will have been well
Trained on how to get your skin
in game money back out
98% down for me, so l was well
Robbed
Good luck, hope a new name is
The answer, it should work
Ha Ha Ha as if
Started: ShareInvestment, 19 Feb 2020 10:06
Last post: ShareInvestment, 19 Feb 2020 10:06
I agree that you can deem it a punt as nothing is certain, but I don’t think for a minute that people with a CV as Mark and Leslie would waste their time to pocket a yearly salary in a shell. I see it as rather the opposite ie they already look at some assets and needed a company ready to go whey they could get for a small outlay a significant stake, rather than waiting 6 months to get a new one listed and ready to go. My guess is in the next couple of weeks to see Name change, new strategy, possibly broker addition/change, raise and new asset. Enough from me, time to wait.
Started: ShareInvestment, 18 Feb 2020 21:30
Last post: ismalia, 19 Feb 2020 09:09
New shares to be created together with recent cash injected could make a reasonable investment and what we don't know is if any of the existing assets will be outside of the on going plan going forward, and sold. Very interesting that new investors, with knowledge of the industry have found a vehicle to take forward. They may well already have targets in mind that could form the basis of an RTO. The new name is also a positive move as is the speed at which the management is moving. Following the EGM there could be more positive news as I get the feeling that having invested £500k+ there will be early progress. I was still investing at 0.90p on the spouting by SG on Wick and Colter so am well under water and would like something back.
Very dangerous to count chickens before they have hatched, you dont even know what the asset is yet you are looking towards a "mid cap 500mio mcap" lol.
The BOD could be genuine and look to take the company forward, or just keep placing and paying themselves in different ways, its still a punt until anything is shown.. imo
I mean ... Will have to pay significantly more. This market rarely gives you a gift and this is now definitely one.
Started: ShareInvestment, 18 Feb 2020 21:25
Last post: ShareInvestment, 18 Feb 2020 21:25
Ismailia, couldn’t agree more and that why I have built up a significant stake here. Been investing for 20 plus years and a handful of stocks have provided me with incredible medium term profits and I’m convinced that the opportunity available here is the best I ever had, as currently there are few followers and most still think at the old ADL team which has been removed. Just look at the market cap now and consider that we now have a board which can drive this over time to be a mid cap 500mio mcap share, just do the maths. I can’t wait to hear their plans which will be clear over the next few weeks and see the first transactions. My take is always build a stake when all is quiet because once interest builds you will have to much significantly more.
Started: ShareInvestment, 17 Feb 2020 11:10
Last post: ismalia, 18 Feb 2020 16:35
Have been here a while and am very pleased to see we now have a new BOD, effectively a clean sweep, new money and it looks as if they will not be holding back with an increase in the share capital at the forthcoming EGM. It appears to me they already have something in mind so I look forward to a much more dynamic business.
I can see where you are coming from as this does happen when the board has no CV, connections etc: Time will tell but I expect the opposite here ie yes EGM to raise 1.5bio shares but the price at which they raise will all depend of the asset which they show to institutional investors when they place. I think that as soon as EGM is done they will make their plans clear to investors and if the assets are truly company making they will raise well above of where we are, remember the key difference here is the three new members with their options almost control 30% of the shares and are very much aligned with other shareholders to see the price going upwards.
Started: ShareInvestment, 17 Feb 2020 10:27
Last post: doubleup, 17 Feb 2020 10:52
They will raise and probably at a discount, im out for now but will look back in once asset has been shown, but they will raise at a big discount, that's why they are having the egm... for an additional 1.5 bill shares in total
Just seen what has happened at Ascent ie placing at half of market price, options granted etc. If you think that our new board has come in at the same price of the previous placings and actually a premium to the were the stock was trading, albeit very low but not their mistake, and the amount of own money put in by them to become proper aligned shareholders, give me our new board members any day.
Started: ShareInvestment, 14 Feb 2020 14:39
Last post: ShareInvestment, 14 Feb 2020 14:39
Seen that www.andalasenergy.co.uk now shows Mark Rollins and Leslie Peterkin on the board whereby Simon Gorringe and Robert Arnott have been removed. Just the start as I expect things really to get going once the EGM has taken place on 26.2 and the Advance Energy PlC vision and strategy becomes public.
Started: ShareInvestment, 11 Feb 2020 22:43
Last post: ShareInvestment, 11 Feb 2020 22:43
I don’t have any doubts that the new team will show their intentions over the next few weeks, let’s wait and see as they only got appointed a week ago. Plus remember that skin in the game by key board members is a ‘detail’ which was missed by the previous board.
Started: ShareInvestment, 11 Feb 2020 20:18
Last post: doubleup, 11 Feb 2020 22:16
It’s the little details that are most important, the devil is in the detail, try not to let you dreams run away from you and focus on the here and now, this is still just a punt, a punt on hope that they will do something. All hinges on an asset of which nothing is shown as yet. Need something material and not just hope as hopeful PI get burnt by bod making millions rinsing and repeating, not being negative just saying the bod need to show their intentions, at present they have shown they are eventually going to double the shares in issue, nothing further.
Double I have no idea, maybe the nomad would have not agreed to an immediate full board change or maybe the new chairman and CEO will keep them in situ or ad interim as helpful with their legal and finance corporate know how. Imo don’t get hung up on these details but grasp the magnitude of the changes announced on 4 feb before this gets publicised. The last RNS is clear ie they will raise at some point but for me guys with this CV will bring in deals of a size never thinkable by ADL and if that is the case the raises will be at a much higher price as they would generate a massive mcap re-rate. Maybe I’m wrong but I’m buying each day as the key elements are now in place. Time will tell.
Started: ShareInvestment, 11 Feb 2020 18:42
Last post: doubleup, 11 Feb 2020 19:39
I agree but my point is, why are they still there? They have been there throughout all the scandals from Whitby to Simon, why when a new board members come on do they stay, they have never brought anything to the party and never said a word
Double I’m certain that Graham and Ross are under close scrutiny by the new CEO and Chairman and remember the following from the 4th Feb RNS to make clear imo who is now in charge in this new
Company: The Company and each of Simon Gorringe and Ross Warner have agreed to cancel the option agreements referred to in the announcement of 2 October 2018, amounting to 22,000,000 options over Ordinary Shares and to release claims for unpaid salaries totalling US$446,000.
Started: volvic, 11 Feb 2020 11:31
Last post: Helpful, 11 Feb 2020 14:40
No.
Whats bugging me is why are Graham Smith and Ross Warner still there? are they the puppet masters?
So change name from
Andalas ( means) (and the last you will see of your money)
Suggest there maybe a market in
Pyramids for them not many of them about are there.
Perhaps they should rename as
Pyramid sales
You would have to buy in early to make my 98.5% loss up
Keep trying smoke and mirrors
You ********
Started: ShareInvestment, 10 Feb 2020 22:21
Last post: ShareInvestment, 10 Feb 2020 22:21
A new board with incredible intellect having read at Oxford, Cambridge, imperial and St Andrews and professional careers would not invest half a million of their own cash if the didn’t have a clear plan evaluation plans already now....
Started: ShareInvestment, 10 Feb 2020 20:30
Last post: tapper2, 10 Feb 2020 21:15
I would be hoping a new asset is in the pipeline considering the potential share issuing that is going to take place
I’m guessing that you have been investing as I did for many years. Imo this is now one of the best risk reward stocks around at this mcap and I’m almost daily adding to my position as I think this is due to the previous management’s debacle which causes this share to be outside the radar of most investors. This will not last, a management of this caliber will want this to become a mid cap bringing large deals, mark my words they have only come in a week ago and we will soon hear what their intentions are and at that stage you will dream to buy at these low levels.
Started: ShareInvestment, 10 Feb 2020 18:23
Last post: doubleup, 10 Feb 2020 19:23
Must say a little disappointed they want to double shares in issue but they need to bring an asset to the table to warrant this
Volvic do agree that the previous management needed changing and Needs to be ashamed for the past share performance. The name change is part of a completely new company, management with skills, connections and strategy, not to mention the fact that they put £200,000 each into the company which would have been unthinkable in Simon’s days.
Started: volvic, 10 Feb 2020 17:00
Last post: volvic, 10 Feb 2020 17:00
Might change your name but
Your still the same robbers
98.8% down on my shares with you, won't see that again will l
Just a shell company to fleece
Well any one they can
Started: ShareInvestment, 6 Feb 2020 10:52
Last post: cipro, 10 Feb 2020 16:07
Flat lined sp today could do with a some more news on the stage
Incredible potential here and therefore added more. The new board has experience, drive, connections and probably is at an advance stage on various transactions. In addition Mark and Leslie with shares and options will have an 11% each day in the company which will be a massive incentive to make this very rewarding for all shareholders. This is a real stroke of luck for ADL and the fact that the masses have not worked this one out given imo us an amazing opportunity. Time will tell but very pleased with their arrival.
Started: 37hillside, 5 Feb 2020 15:29
Last post: 37hillside, 5 Feb 2020 15:29
I guess they'll head to their previous areas Kazaak,Ukraine, maybe Uzbek areas and may even have done this set up to envelope something they have already got lined up. They could dump the CAV stuff if the bopd are true surely, but hopefully hang onto Corallian 8% wich I believe with the new parcels awarded last year will prove to be of significant value. GLA and here's hoping...
Started: bmwman, 5 Feb 2020 10:39
Last post: DegsyAlmomd, 5 Feb 2020 13:51
Expect 0.3 should be base allowing the bod to take up the warrants at which point it will obviously go higher in anticipation of what they have up their sleeve.
Andalas Energy & Power PLC on Tuesday said Leslie Peterkin and Mark Rollins will replace outgoing Chief Executive Simon Gorringe and Chair Robert Arnott, respectively, with immediate effect.
In addition, the oil and gas exploration and production company said it has raised GBP525,000 through a subscription of 350.0 million shares at a price of 0.15 pence each. The issue price represents a 20% premium to the last closing mid-market price of Andalas shares on AIM of 0.125p.
Andalas shares were trading 34% higher in London on Tuesday at 0.17p each, giving it a market capitalisation of GBP2.0 million.
The net proceeds of the subscription will be used to review new opportunities and for general working capital, the company noted.
Andalas said Noiva International SA, a company owned by Peterkin and Rollins, has subscribed for 133.3 million shares at the issue price, representing 8.5% of Andalas's enlarged share capital.
"Leslie and I are delighted to join the board of Andalas and concurrently we, along with John Battrick, have invested GBP500,000 as part of the subscription, to demonstrate our commitment to the company," said Rollins.
Turning back to board changes, Andalas said Anthony Battrick was appointed as technical manager and subscribed for 66.6 million shares. Battrick is a geoscientist and has worked in the exploration and production sector for five decades for a number of international oil companies, Andalas said.
Meanwhile, Rollins was until recently chair & CEO of Ukrnafta, a Ukranian oil production firm. Between 2008 and 2015, he was a senior executive at BG Group PLC.
Peterkin has previously served as Woodside's director Browse Liquefied Natural Gas Development and MOL's senior vice president of Operations & Development.
In conjunction with these board changes, Andalas said it has awarded a total of 137.5 million options over shares to its executive directors and senior management. Such options will represent 8.8% of the company's issued share capital following the subscription, it said.
The options are all exercisable at 0.30p per share, Andalas said, representing a premium of 100% over the subscription price.
Rollins and Peterkin were granted 25.0 million options each, while Battrick has secured 12.5 million options. Legal & Commercial Director Ross Warner was granted 6.3 million options.
Looking ahead, Rolling added: "As a first order of business we will be conducting a review of the company's strategy to ensure we can realise this growth potential as soon as possible by introducing new opportunities to the board and widening the existing asset base."