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.
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.
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.
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.
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?
Typical mm move to put mark buys as reds when they need to collect and shift the price up in the upcoming period...
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.
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
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
HITS, well stop the chat and get on with buying if you have any cash, talk is cheap and all that!
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.
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.
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.
HITS don't worry your little head, i'm sure there are plenty of shares for you to buy, YAWN!
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 now filtered - repeating same rubbish as usual - What if what if - what if the moon was made of cheese
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?
SIllybugger, 1.3 plus 1.3 is?
BV,
I will try listen to the interview again this evening, in case I missed something. but,
Does that mean you wont do the sums for me?
Sillybuttons, I think you need to listen to the interview very carefully for the upside if you have any shares.
Sharebel,
"Silly Buttons - your name says it all! Suggest then you call up each ii and tell them that. Give it up - this is now only going UP!"
Not sure what this refers to in this thread. are you referring to my post to you to look at previous interviews in a different thread?
it was just a bit of friendly advice as your ID is not one I have seen on this board until recently..
don't look if you don't want too... take GL statements as gospel if you wish..
BV,
"you also like pasting HITS posts, it's as if you are the same person lol .".. that statement is funny!
Re HITS, well they stated they are an ex investor in angus so, they haven't been 5 years post about a share they are not invested in.. I was asked this previously and the answer is I don't know.. maybe philanthropy, maybe to counter the positivity only crew, maybe just to annoy that crew, I don't know.. I know i general get more benefit and use from HITS posts than most others though
I would agrees, Rocket science isn't needed to work out the maths for the upside. But all the same, would you mind doing the maths for me? just in case I'm not getting the same answer as you? :-)
Looks like BUY pressure is building - MM have dragged it back three times now. Can’t do this forever eventually Mr Market will decamp from squatting on the Bid and it’ll run up fast
Ducks all lined up. Positivity reigns, Gas getting ready to gush and new lucrative beginnings in the bag. BOD have done a sterling job. Now let’s gather up the rewards.
I remember when 32 was cheap here with not even a 10th of what we have here now.
IMHO DYOR GLA BUYTHEDIP
Sillybuttons, you also like pasting HITS posts, it's as if you are the same person lol .
Sillybuttons, if you can explain why one would waste 5 years of their life posting about an individual company they are not invested in be my guest. Angus had 1.3 billion shares before buying the other half for a total of less than 2.3 billion, rocket science isn't needed to work out the maths for the upside is it.
Silly Buttons - your name says it all! Suggest then you call up each ii and tell them that. Give it up - this is now only going UP!
IMHO DYOR GLA BUYTHEDIP