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Tradedesk, StockFlyer, Sharebel... the usual crew.
Wonder if Aleph's looking to offload more than the 40% of that 273 million shares that they seem to have already done, hence the increased BB activity?
HITS now filtered - repeating same rubbish as usual - What if what if - what if the moon was made of cheese
BV,
Was there a necessity for the name calling?
and you are right, that sum doesn't need rocket science, 1.3 plus 1.3 is 2.6
out of interest is the sum in relation to the SP or the dilution or what? :-)
to be honest, I thought there would be a bit more to your mathematical analysis of the deal..
HITS don't worry your little head, i'm sure there are plenty of shares for you to buy, YAWN!
I note with no surprise that ScarletVixen is determinedly avoiding the question as to what happened to the other 109 million shares that Aleph just bought. Others may be more questioning.
BV, you say: "HITS don't worry your little head, i'm sure there are plenty of shares for you to buy."
Absolutely right. I could not agree with you more whole-heartedly.
Sillybuttons, now you will see that Angus own twice the asset for far less issued shares don't we at the pre gas price saving millions. Now presume the gas is produced as expected, what do you think will happen to the SP and the value of the millions of pounds saved already.
HITS, well stop the chat and get on with buying if you have any cash, talk is cheap and all that!
With Russian gas being cut off from Europe and global energy crisis looming we literally couldn’t be in a better position than we are now fantastic timing to be literally a few steps away about to turn on the taps and supplying - why do you think ii so keen to move on in here. We got a great deal (GL was like a Cheshire Cat in interview when he talked about it)
It screams STRONG BUY and it is!
IMHO DYOR GLA BUYTHEDIP
It’s actually a see of blue - ignore LSE bot I’m sure if you’ve kept your finger on the pulse here you can see that what I’m saying is indeed correct - no-one is selling! Well apart from those allergic to profit lol
IMHO DYOR GLA BUYTHEDIP
Definitely most are blue. All my buys Today showing as sells regardless of price bought. Hope no-body uses this site to determine a trade decision.
Typical mm move to put mark buys as reds when they need to collect and shift the price up in the upcoming period...
Sorry BV,
I don't understand " twice the asset for far less issued shares don't we at the pre gas price saving millions".
I understand we have twice the asset, but i don't understand what you mean far less issued shares? angus had approx. 1.3 billion shares and are issuing approx. 630 million, (approx. 50% dilution). are you saying that the 51% of SFB we owned represents more than more than half of the 1.3b shares in issue and therefore a good deal?
so your 2.6 sum is based on the SP being approx. 1.3 at the time of the deal and now we own twice the asset, the share price should double to 2.6..
Are you ignoring the cash payments, taking on all debts associated with SFB, all liability for the hedge & associated conditions and twice the exposure to the the side track construction, be it positive or negative, are are you assuming that is all built in to 2.6?
Sillybuttons, i'm talking about the asset value, there you go talking about the hedge just like HITS. If you don't understand what I mean I wont waste my time which is pointless to me.
It doesn't make much sense, does it? The two actual and very recent indicators are:-
1. The Forum deal, where its 49% of Saltfleetby was sold for just over £14 million - £6.5 million in cash and (currently) 28% of the entirety of ANGS in shares worth just over £8 million. That latter part suggests a valuation for ANGS the company of around £28.8 million. Or as the Forum percentage will fall to 24.9% when/if the second Aleph placing is done, that figure would rise to £32 million.
2. What Aleph decided 12% of the company was worth was £3 million. That suggests a valuation of £25 million. Or if the second placing with Aleph goes ahead, that'd put a valuation of c. £30 million on the company.
Let's take the topside figure of £32 million and divide that by the 2,857 million shares that would be in issue if the second Aleph deal goes ahead. By my reckoning, that would give 1.12p per share.
BV is as usual confusing the raw asset value with what that asset is actually worth to ANGS, given the obligations and liabilities already committed to by ANGS in direct relation to the asset.
BV,
Apologies for not understanding what you meant.
and to be fair, i didn't talk about the hedge as much as list it as part of other aspects of the deal..
i would appreciate if you could explain but if you dont that is fair enough..
HITS, i'm going on the p90 case of the combined company asset mentioned by GL and not liabilities etc. If you want to include the oil assets on top feel free to do so, p.s. have you put your hand in your pocket yet instead of talking about other peoples cash.
HITS - PRESUMABLY Angus bought £6M of debt as well.
By any metric should comfortably be trading in excess of £100m mcap. Look at sector peers, even those with no infrastructure or defined pathway to market. 100% of the asset, fully funded, institutions with huge amounts of skin in the game now. No one can say they haven't the opportunity to load up, now is the time.
tradedesk
Whilst I agree with your reasoning when comparing ANGS to sector peers who are valued many times higher than us. The only metric that matters is the share price. Unfortunately for us, a company claimed 'value accretive deal' has resulted in the value of the company as a whole to be reduced significantly. Our market capitalisation was circa £19 million for most of the week 'prior' to this great deal, it is now £15 million.
We have a management team who consistently promise events that either don't happen or are delayed and then delayed some more. GL offers more promises than a politician and fails to deliver in the same manner as those who sit in the commons. The wider market believes nothing until it happens, and even then they remain wary just in case it's some sort of trick like oil tankers leaving site full of waste water when all the rumours and 'in the know' tweets state it's sweet crude ready to go (Balcome).
Sentiment is dreadful based on nothing but the actions of this current (and the previous) management team. The assets we have are actually incredible for a UK based onshore producer. We 'should' be debt free and picking up other assets from distressed companies, but in my opinion we will be forever chasing our tails with GL at the helm because his motto appears to be, 'Dilute First, Answer Questions Later', and until this approach changes, we will be valued accordingly.
Here's hoping for a takeover
Tygra for starters understand market dynamics, theres been a lot of churn this past week or so as large investors that are not happy with the new structure sell. Whilst new investors that see excellent value going forward buy.
The price was always going to churn around the placing price, when the supply dries up the SP will rerate.
JH
I require no lesson or education as to the workings of markets, particularly the workings of AIM and the associated insider trading and leaked placings that continue to be completely ignored by regulators.
My point was a simple point that should be easily understood. This share is tainted by the current management structure and GL's failure to deliver even the most basic of his promises (fortnight for Brockham production figures missed). The 'churn' of shares wouldn't happen if the deals made were in the best interests of shareholders.
The only way this share climbs is when we get first gas and steady, proven production from SFB. I would hope we would be sold but maybe the offers aren't good enough which again is a management failure. If you open an FSP and provide data to willing buyers via a data room, you would expect a more solid offer than a non-commital paper offer of 1.5p from a company that has failed more times than ANGS. That's hardly encouraging.
If SFB is worth what people on here seem to think, it will be cat nip to mid tier producers and a premium offer will be tabled. If we see no offer once production starts, that will mean either GL is asking too much or SFB isn't as good as we all hope it is.
We should be at least at 3-4p once production starts, time will tell if that happens or if another dilution appears for yet more unknowns.
All the best
More dilution as GL has no confidence in delivering gas next month or after. The man and his team is a certified failure. to add insult to injury more FAT CATS will be employed to put an immense burden on the company for the extortionate salaries. And we may have another acquisition of "pie in the sky" to divert the attention from management consistent failures.
Tygra - you make some valid points. I think you have to put into some context tho. Looking back of course this has been an avoid up to now - to be fair to Lucan he only came on board in 2019, in Saltfleetby he acquired the companys flagship asset - was then hit by a pandemic for 2 years, financing dried up, supply chains brokedown, he routinely used placings to get it to a ready state, it became predictable it was an avoid - 'orphan' periods can be hemorrhaging this one was no exception.
However fast forward the facility is days away from first gas, he's taken the question of regular placings and addressed it in the interview from 5 days ago with Zak (listen to it, he needs to honor it)- regards sentiment i think the volume tells you theres significant renewed interest given the managements recent actions and desire to scale to a mid tier well beyond a paltry operation at Brockham and now has the institutional backers to do so, thats a departure from the past. Time will tell but line in the sand here and the risk v reward just became incredibly compelling with a 100% of Saltfleetby first bold move in the right direction. Atb