We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
from Brokerman Dan well undervalued though mcap to cash although they peeing it up the wall every quarter
It will fly very fast and high when stimulus is triggered.
Just checked 9 million in the coffers , yep something is happening ..... Asset purchase maybe ....... I've heard rumours but that's all
Indeed it does seem that way ;-))))
Lots of cash in bank #AEY
shows a sell
...., on a possible mergers;- It appears to me that, Key criteria as outlined by AEY, is met when looking EOG. EOG has Irish acreage, that is perfectly positioned, when looking at our Irish acreage (imo). Focus on near term appraisal / development criteria,... appears to be met, in my view. AEY Funds would enhance the larger company's strength. Current or near term cash flow criteria,.... appears to be met, in my view, with existing & near term increasing cash flow. In a period of significant commodity price volatility, ensuring that the opportunity remains viable in a low oil and gas price environment is a key component in the evaluation,.... this criteria also appears to be met, EOG in their Interim Results of 7 April 2016 indicate;-" we expect that Wressle will reduce our break-even oil price to approximately US$30 per barrel." EOG did a s/p@6p Placing and Open Offer on the 06-Jul-15, the open offer was 51 per cent approx taken up,which I calculate left them £1m approx short of their target raise figure. EOG had a Cash balance at 31 January 2016 £1.8 million (31 July 2015: £3.2 million). A merger would benefit both groups of shareholders, (IMO). BW
A few points I noted;- General and administrative ("G&A") costs decreased to $0.4 million in the first quarter of 2016 compared to $0.8 million for the corresponding period in 2015. The decrease in G&A is primarily due to lower salary and administrative expenses as part of the Company's ongoing efforts to reduce annual G&A. Antrim, with its current cash resources, no debt and no decommissioning obligations, continues to maintain a strong financial position. Working capital at March 31, 2016 was US$9.2 million, including cash and cash equivalents of US$9.4 million. Excluding foreign exchange gains and losses, cash flow used in operations in the first quarter of 2016 was $0.3 million compared to $0.8 million for the corresponding period in 2015. FEL 1/13 has a 15 year term, with an initial three-year term followed by three four-year terms. The initial three-year term expires in early July 2016 and Antrim has submitted a request to extend the first exploration term by an additional two years pending government approval and agreement on an additional technical work program. The Company is also currently seeking a new farm-in partner and operator to complete any additional technical work necessary during the extension period with the ultimate goal that a well commitment could be made at the end of the revised first exploration phase. In the current commodity price environment the cost of drilling an exploration well on the licence has decreased considerably from when the licence was first awarded in 2013. As part of a farm-out transaction Antrim would seek a carry on the first exploration well. Antrim continues to search for M&A opportunities, using a structured approach in its evaluation. Key criteria include strategic fit, focus on near term appraisal / development, use of funds, transformative potential with upside potential for Antrim shareholders and current or near term cash flow. In a period of significant commodity price volatility, ensuring that the opportunity remains viable in a low oil and gas price environment is a key component in the evaluation. With reference to M&A opportunities,... I have been researching EOG recently & it occurred to me that they might tick some of the boxes. BW
ever going to do something here or just keep peeing funds up the wall
Make that 3v1 with 200k buy. Looking good for a strong finish. Should het on more peoples radar tonight
For those in for a trade on the cash position, L2 has firmed at 2v1. Ticking up nicely, strugglwd to break 1.50 but should be on our way now with a little more buying
This company has virtually $10m in cash as at 31 dec 2015 and is valued by the market at about a third of that. Tells you all you need to know about the markets confidence in the BOD! Sadly I am a holder but thankfully not very much!
Are we expecting annual report this or next week? No news from BOD for nearly 5 months
Apologies for board hopping but- The petition is going quite well; 4000+ signatures so far. Although it really needs a turbo boost. https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA don't even reply on the matter, now is your chance to have your say. If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go! If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. We really need a social / media savvy individual to help generate more interest in this.
Anyone know what he is intending? I wonder if Sound Energy would return with another offer?
Two sells and the SP goes up....... Maybe some orders to be filled
What on earth are the directors of this company doing? Nothing as far as I can see except drawing a salary. Better off distributing the cash as a special divided and relaunching themselves as a Fintech company. Just do something before the SP just dwindles to nothing!
I wouldn't hold out much hope of Chris Oil bringing anything positive to this stock I'm afraid. Actually 'officially' he sold all his oil stocks from one of his tweets, although he prob still owns this as there's not been a TR-1. He says a lot of things, he's just back from an imaginary business trip to Dubai where he purchased a Lamborghini and a Bentley and sent the dealer money from his Swiss bank account. The dealer in Dubai 'forgot' his phone number so had to tweet him that his new supercars have arrived.. The problem was Chris forgot to log off of the fake dealer Twitter account he setup before he replied, replied from the wrong Twitter account. Anyway, I hope Antrim could get ownership of the kosmos licence, that would be positive.
Many fingers in the pie ? What's the plan ? Mr C Chambers: 3,100,000 = 1.678115% Mr C Williams: 1,900,000 = 1.028522% D Levi: 600,000 = 0.324796% Total 5,600,000 = 3.031434%
We have a bit of a spike in volume, which looks like some more capitulation from bored holders, quite often its the point the market turns up, in situations like this. We may get a decent rise to cash value here. Possibly
perhaps it'll take another shot at going over 1.5p and stay above it this time.
Picking up again.....GL S
Started with 275k on Friday and will look to pick up a few more as funds permit, but agree HH would appear to be the key, but if a few like minded can pull together it may just stir the pot a touch....GL S
I have built a small position, under 1.3p. The recent meeting, whereby most of the BOD were voted back in, appears to have the backing of Hedgehog llc, who own 46m shares. As to their motives, who knows, however, any group of disruptive shareholders, would need to bear in mind their stance. I have emailed Anthony, no reply yet, although I only sent it yesterday evening.
It needs a group of disruptive shareholders and not just a token gesture, otherwise it will just wallow in muddy waters, a few guys on ADVFN are getting tad frustrated and i may start to build a position and see what develops....GL S