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2 guys being paid millions, it’s no wonder the cash is evaporating, what are they doing to siphon off this amount of cash from a company valued at c£5m and losing value month on month.
Why would anyone invest here when the next RNS will be about paying their wages with a fund raise.
Is the price for your buy order secret or would you like to share it with us? Are you trying for 1.3p again?
Correction that is not a buy order for 1.7p below .
Hi Hamz74 ( D ) is degiro they do not name the Analysts.
75% spread today sp 1.37p bid 1p ask 1.75p
My order to buy for 1.7p not lifting last few days .
The quoted offer, bid and mid can all jump around based on miniscule volumes, and it also seems they can change a lot without any reported trades ( though perhaps there is some delay in reporting trades that have changed the price ? ). In any case all of this is "all sound and fury, signifying nothing". Until there is clear news on Perenco, FID, any fundraising, etc the price volatility means nothing.
What is (D)? The sell side analyst forecast is 20p from Arden Partners, or another one? By the way that is a "risked" price target applying probabilities to various scenarios. The "unrisked" target is about 70p if you apply a 100% probability to success.
The house broker Shore Capital does not publish a price target because their policy is not to do so for house stocks.
Saw this on ( D ) today lol there is only one Analysts
Stock Price Expectation
Analysts expect the price to increase by 1323%.
Topped up today for *1.30p lifted 3.12 pm.
Twice as many bought as by 10 days ago not sure the price has moved really , given them 10% cheaper
The only trade showing today .
Was surprised as no day movement showing on this site today the order was on for 9 days, the spreads 50% they must actually deal within it when they please .
It is frustrating, but there may not be anything to report, until the Perenco deal formally closes, Perenco assumes operatorship and decides on a development plan. In the meantime, there may not be much if anything that Bowleven can do to expedite matters. The next scheduled update is the interim results, which were on March 30 last year.
The lack of updates is just baffling.
Kevin’s team spent most of their time creating lovely PowerPoint presentations which looked great but never came through.
I don’t understand what they have been doing on a day to day basis over the last two years?? We know there is stuff in the ground, we drilled into it just open the tab and start selling it or liquidising it or making fertiliser out of it.
Or sell the whole thing (like others did). What are they doing???? What is going on????
Kevin Hart did nothing but value destruction, he led us to this disaster. Bonomo anyone?
COC did this.
I spent months warning holders against them but was shouted down at the time.
Old Kevin Hart must be having a wry smile in his retirement!
A sell at 1.15p shows, my buy order 1.3p on all day not lifting , spread showing 75% .
Such large spreads should not be allowed , its just robbing probate sellers .
Shame. BLVN were so full of promise and look at their share price now. Pathetic!
The 18 page AGM presentation does not seem to discuss valuation. But on page 20 of the 88 page annual report linked below there is a discussion. I have copied and pasted a few sentences below. A valuation range of USD 140 to 230 million is about 34p to 56p per share on my calculations, given 335 million shares and GBP to USD of 1.23.
Our base line
financial modelling demonstrates that the
1 January 2023 value of Bowleven Group’s
20% share of the Etinde development
project ranges from $158 million to
over $200 million at $65 Brent, $6 LNG
export price and $3 domestic gas price
points. The value range increases to a
minimum value of over $230 million at
higher price points ($75 Brent, $8 LNG and $3 domestic gas). The valuation range
falls to $140 to $197 million at a higher
risk-weighted discount rate of 17%.
https://www.bowleven.com/system/files/uploads/financialdocs/annual-report-2022.pdf
Interesting post from 2/12/22 below .
What does surprise me here is no guidance or comments from the board (unless I missed it). They previously mentioned they see the fair value at 45p but I can’t see anything like this anymore.
Topped up today for *1.45p lifted 9.30am reduced order price yesterday from long time plan to buy at 1.5p, after big one day share price fall shown .
Spread always around 50% ( often big day movement usually within this spread )
My broker often has this share as a big faller -24% today .
On this site no movement in price but a 60% spread .
It is a shame you can not trust what you read on varies platforms .
If you will forgie my ignorance, can you explain the reference to Peter Donaldson please?
PS: I'd absolutely never discount the chance of Perenco and blvn.l just coming to a straight buy out agreement for Blvn.l involvement in etinde ..as Perenco did with Newage.. perhaps good timing for that around now as blvn's cofferes will be looking bare soon enough..
is that you buying some back today DannyQSee ?
(Very tricky share this one I fully understand.... however I remain loyal to it.. and still have plenty of hope for the medium term here.. but a very challenging journey so far.. and a comnplex journey from here forward too no doubt)
I couldn’t understand why contributors of this board got so excited when Perenco got involved and sold quite a bit at 4.5.
As I expected it now states in the presentation that the new operator Perenco “may propose an alternate development scenario (e.g., an FPSO/FLNG combination) that may require new technical studies prior to approval”.
This may benefit the project in the future, but will cost time and money in the near term and as such will depress the share price.
What does surprise me here is no guidance or comments from the board (unless I missed it). They previously mentioned they see the fair value at 45p but I can’t see anything like this anymore.
Did anyone attend the AGM? 18 page presentation now up on the site here https://www.bowleven.com/investor-relations/presentations
Appears daily up or down 20% or so .
60% spread lol
Looks like my main broker did me a favor not allow me to buy CHALLENGER EN on 7th June 2022 .
"I would place a buy at 1p" would of bought another loser .
Looks like you might get them for 0.7p today .