Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Well thats what i thought but that would constitute a cost of £48 million. So with this constitutes of 68% a divi of the current share price. An easy hold and gain it would seem. With 85% of shares and a small free float of shares this is a no-brainer as i say. Just felt like such a premium i wanted to double check i was reading it right!
Not according to THE RNS:Nothing different
Many companies get their trading suspended due to accounts delay; lifted when the accounts are submitted. Is something different here?
It clearly says £0.15 i.e., 15p. Is there any other interpretation?
"Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, is pleased to announce that a gross interim dividend of £0.15 per ordinary share will be paid to shareholders on the register as at the close of business on 2 June 2023."
Pumpky
$81.9 million in various currencies outside Ukraine.......its VARIOUS currencies
"As disclosed in the Quarterly Operations Update of 28 April 2023, the Company has cash resources of approximately $81.9 million in various currencies outside Ukraine so its financial position is secure and the Board is evaluating how best to maximise shareholder returns going forward"
It states VARIOUS currencies which is good news as the $ is about to crash via a hard landing......i do hope enwell has its currencies in non-western FIAT fake currencies so if the currency RV occurs then will be loaded
ps: its only uk as per usual where they struggling to get auditor; they got ukraine end covered
So from reading todays RNS am I right in thinking that what ever shares I’m holding as of 2nd June is expect to receive a 15p divi payable on the 15 June? Or are they referring to it as a 0.15p dividend? If it’s the former surely this is a no brainer to hold till then?
Fully agree pumpkin…
Says Temporary suspension due to accounts not being filed(they have $81 million in funds)
Odd…to say the least…
Yes 15 pence divi payable 15 June
Seems like the company is simply paying out…which at least is honourable…if allowed…do I read the rns correct in that divi next week = current sp?
Very nice update today, regarding the relationship with the oligarch, they are trying to move ahead
This restructuring involves ceasing to sell gas to LLC Smart Energy, and, in the future, selling its gas directly to its off-takers, and assigning the receivable liabilities so that these are directly recoverable from the relevant debtors
https://intellinews.com/ukraine-seizes-assets-of-billionaire-novynskyi-s-smart-holding-275913/
What can we react as a long holders in order to defend our investement ?
Send to the house of common a notification to inform them about the Enweel's risk?
Send to european parliament a notification to inform them about the Enweel's risk?
Send to the AIM or Ministry of foreign Affaiars a notification to inform them about the Enweel's risk?
We must react now!
Cash £73 mill market cap£58MILL.
This is from the RNS dated on 4th January 2023:as announced on 9 December 2022, the Company is investigating whether the Company's hydrocarbon extraction licences may be affected by these provisions in the new law.
Today’s announcement by Smart report that the transaction happened last November.
So the BOD of Enwell knew nothing about this.
This is absolutely rediculus for a company in LSE imo!
As I wrote on 5 jan 2013:
"Critical point is the intention to giving a dividend asap.
If yes that means Novisky has lost
If no that means Novisky has transferred his shares to someone"
Yesterday's announcement by Smart Holding :
"As part of the restructuring, the founder of Smart Holding, Vadym Novinsky, decided to transfer assets to a trust"
More info on : https://www.smart-holding.com/uk/press-centre/news/2707/
So put your thoughts.
In the last quarter the holding cash was 78,6$ million with 20,9 hrivnya mil or 25%.
Today, the cash is88,7$mil with only 6,9 hrivnya mil or 7%.
I think something is prepared by the BoD in favour of shareholders?
Time will show.
Total cash + receivables should be $120 mn by now. The question is on their location (in/out of ENW and jurisdictions)
For Novinsky, ENW is a minor asset in his diversified holding beyond Smart Energy, so apparently he has plenty of other issues to resolve
From the latest audit results ,page13, Additionally, the Group aims to maintain the significant (Principal Risks and How We Manage ) the majority of its cash resources outside Ukraine (being 77% as at 24 June 2022).
So there isn’t any problem to give to the shareholders 57,7$Mil immediately without any permission from Ukraine.
That means if I have calculated correctly 14,75p/share !
Another relevant thing is whether they have been able to transfer cash held in Ukraine to the UK. Wouldn’t be easy, given currency transfer restrictions
The business is pretty much lost, it’s just a matter of time before it is nationalised. Whether the stock is delisted as a result from AIM remains to be seen
Critical point is the intention to giving a dividend asap.
If yes that means Novisky has lost
If no that means Novisky has transferred his shares to someone
Conclusion:Enwell very soon wil be at someone’s else business.
I am not afraid about the continual progress in AIM of Enwell and hope for better results in the coming months.
Used to hold these back in the Regal days.
Looks to be practically uninvestable now with the political risks.
Read the RNS.
…and others…happy for all enw profits to go to Ukraine for as long as mad vlad is attacking…anything else I’d pure greed…Slava Ukraini…and this will come good as well…