The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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And a few k's worth of buying is enough to get this top of risers board on % gained..
Little stock available at this extraordinarily low - imho - share price, seemingly.
I just did a small top up for the hell of it.. in case somebody/ies is/are looking to buy even a few 10 's of k's gbp worth .. which might push this s/p well further on up again..etc..
I like the assets here a lot .. and participated in the recent raise.. and still have plenty of hope here that FID will come in the end ..which is a game changer here .. etc
Quite a bit less than the maximum 89% if nobody else had taken up the offer. Lets watch out for RNS TRS to see updated holdings from HSBC/Sand Grove, the Dutch group OMGK, and the Indian guy in Northwood!
Did anyone make the AGM? I missed it this time.
Resolutions passed at AGM: https://www.londonstockexchange.com/news-article/BLVN/result-of-general-meeting/16403783
Interestingly, about 19 million votes were made against all resolutions. That is about 6% of the shares. I wonder who that might have been? It looks close to the percentage held by Sand Grove before they started selling, which may be relevant for the March 12 cut off date determining voting rights.
I’m repulsed by the attitude of some managers who see individual investors as cash cows that just have to be dazzled with a PowerPoint presentation or two or ten to hand over money.
Where do we get it from? We have to actually work for it and expect a return. They came in with a grand vision ousted the old useless board and said they can do it all better. Get a loan, get the share price closer to 70p (when I first started investing), than you might see some more engagement from me.
Are you voting anyway, just to increase the chances of them being able to do the open offer and raise from other investors?
They certainly can raise the money.
If the share is worth 40p and you have 50 million due on FID (which was due years ago), why not get a loan?
Something is very wrong about this and smells very fishy. I’m not going to pump anymore money in.
No certainty, no fixed timeline and too many broken promises.
What a kack-handed way of voting.
My broker - Jarvis - demand twenty quid for the privilige of forwarding my vote.
Twenty Quid. Scandalous! They won't get it.
What are other brokers charging?
H-L ? Barclays? etc?
Only now do we see the mistake of the last overly generous dividend payout.
Maybe I can vote on the BLVN website. (I doubt it, but we'll see)
This is a straw-clutch exercise by the directors if ever there was one -
and it looks like it won't be the last!
Seems almost unbelievable in this day and age that a phone call would be needed for a corporate action. You should certainly complain!
Jed, if they cannot raise any money, then there is a 100% chance of losing what little is left. If they can do the open offer, there is some remote prospect of salvaging some value, from several scenarios. New Age may bring it to FID. New Age may find another buyer for its stake and maybe BowLeven's stake too, and that process could be faster now they have gone through a lot of bureaucracy with SNH. Or Lukoil might take it out, which might be more likely if the Russia/Ukraine war comes to an end, and sanctions are reduced or lifted.
Which broker has no facility for voting? I never heard that before.
If it's anyone like Barclays, to vote requires telephoning their Corporate Actions team and instructing them over the phone.
Money taken for non tradable still showing as such , also shows up 50%.
My broker no facility for voting .
I have had these for about 5+ years and bought in at about 70p, as far as I am concerned it won't make any difference as I have already written these off so won't be putting any more money into them. It's just a pit for money and will never see any of it again. The board have driven this into the ground while doing nothing for years.
I've done both and it was really easy on the Hargreaves Lansdowne portal.
Who has voted? Who wants to but cannot work out how to? Who cannot be bothered?
I wonder if anyone has subscribed for the open offer, but not voted? That would be putting the horse before the cart, because the AGM votes are needed to go ahead with the open offer.
And did you also vote the AGM resolutions?
From this site .
Shares in Issue 572.40m
Market Cap. £858.60k
Market Size 50,000
PE Ratio -0.32303
Earnings -0.464353
Dividend 0.00
Yield 0.00%
Among today's risers spread 100% !!
Share Price: 0.15...Bid: 0.10...Ask: 0.20....Change: 0.025 (20.00%)
Taking my rights up.
Pure gamble.
40p was about USD 150 million. ( USD 150 million is GBP 120 million, divided by 335 million shares ). If the number of shares goes up by factor 4.8 to roughly 2 billion shares, ie 2,000 million shares, divide that 40p by 5 for simplicity to get 8p, almost 100 times the open offer price. The annual report also suggests the asset could be worth quite a bit more than 150 million at a higher oil and gas price. Well that is my back of the envelope arithmetic anyway, does anyone disagree?
I bought my first shares here for 70p.
Fast forward a few years and it’s now 99% down. I’ve made some money in between trading the shares and the dividend payout when these guys took over, but what I want to know now is their exit strategy.
A few years ago the current board was adamant that the shares are worth over 40p no matter what the share price of the day was … what is their target now after the raise?? Can someone ask the question at the AGM please.
You need to log into your broker account to do the AGM vote, and apply for extra shares. The areas on the sites are different, for different brokers. Is that what you mean?
Has anyone else received the email re logging in to your account from Bowlevens home page. ? i undersatnd the gist of what is going on but cannot find any link for investors to log into. Any Ideas anyone ?
Down 45%, or 300k company value, on two sales totalling £16.
Whether or not you plan to avail of the open offer, you should vote so the company can go ahead with it, and has some chance of a future. Hardly anyone voted at the December 2023 AGM, but now its vital that everyone does so. It would be a great shame if the company had to shut down just because people could not be bothered to log into their brokerage accounts and vote.
On interactive investor, whoi emailed me today, its under Voting Mailbox. On Hargreaves Lansdowne, who have not alerted me yet, its under Shareholder Meetings. Not sure where to find it with other brokers, if you can't find it, ask them. It takes a few seconds to just click For All. You can also get an email confirmation of your voting choices.
I've attended two prior AGMs, 2021 and 2023. I won't be able to attend the April 2 AGM, but anyone who can do so should, to see if they can glean any insights.
RNS today.
I briefly admired the dude in Northwood who is a major shareholder with a 5% holding, for less than 35K layout. I always wanted to feature on a Tr-1, how cool. Frame it and put it on the office wall, and all that.
Then realised that the dude is on the hook for over 150k to maintain his position and avoid being diluted to fark.
Get that bedsit on the market, sir.