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Started: bangrak, 8 Mar 2024 07:40
Last post: bangrak, 8 Mar 2024 07:40
Was appointed to JKX Oil & took it private, appears this will be delisted also.
Started: Krok, 18 Feb 2021 13:18
Last post: RobinOthala, 15 Jun 2023 18:21
Yes. An Interim Dividend was announced at the end of May. This was paid out today, 15 june. I am still confused as to why the price is going up though, failing any positive news about the appointment of UK auditors, legal triumphs over beneficial ownership or the publishing of Annual Reports. It looks like the suspension of trading will probably go ahead on 3 July...
Can anybody shed any light as to why the price is holding up in the current climate?
hi
my account has been credited with some money from enwell energy but no reason has been given.does anybody know the reason please let me know. my email is mirmoha**********
man thanks
regards
reza
Krok you been found out , now please do not comment as you are not a true to your word.
Just ignore this clown. He's just proven he hasn't a clue what he's talking about and one glance over his posting history will confirm this.
That’s exactly what I said - ENW’s update was a disappointment, JKX’s - a disaster
ENW production dropped by 7% in a year, JKX’s - by 8% in 4Q
If JKX’s production drops another 8% in 1Q21, they would need gas prices to be 55% higher than in 2Q19 simply to have the same revenue
Re three times larger profit, you should definitely check your math
Terry
suspension,oh dear,didnt see that
14.30p.....could be the bottom..imo
Started: RobinOthala, 31 May 2023 17:09
Last post: RobinOthala, 1 Jun 2023 14:24
Ex-Dividend date is T-2; this means that the 0.15GBP dividend is already locked in and the share price has consequently fallen by approx 0.15GBP. The 64 million dollar question is whether they will issue further dividends after the anticipated suspension of trading on 3 July... and possible eventual delisting...
Thanks Pumky. I was being dosy and do not often hold divi paying shares. It seems pointless mentioning the record date. Holding and or selling on the ex div date would get recorded anyway. We only need to know ex div and payment dates surely
Divi date 1st june
Don't understand why this has tanked today. I was expecting it to tank on the record day which is tomorrow.Anyone who had bought before recent price jump could have sold yesterday at a good profit and tanke a punt on the suspension by buying again today. At least they would get most back on the 15p divi, and still have their punt shares.
No news, but in is discounted by 15p in June. My take is it's a cheap punt.
Started: MrBasse, 1 Jun 2023 12:05
Last post: MrBasse, 1 Jun 2023 12:05
…prior to divi announcement sp was 15p…on div day we are at exactly the same level…but with something like £50m less in the company accounts…undervalued before or overvalued now?…who knows…but not ver rational for sure…slava Ukraini…
Started: RobinOthala, 31 May 2023 17:03
Last post: RobinOthala, 31 May 2023 17:03
I'm wondering if anybody knows how Enwell is doing with regard to finding a new auditor. It strikes me that an audit would preferable for everyone, given that it forces greater transparency!... I understand that under UK law, auditors are currently prohibited from working with sanctioned companies and individuals with links to Russia. Could it be that the Trust that now owns Mr Novinski's stake is in the name of his children??? Perhaps this could be taken to mean that beneficial ownership is "indirectly" connected to him... and Russia!? In any case, surely all a potential auditor needs is legal documentation that demonstrates that the company is no longer associated with a sanctioned organisation or individual, don't they?
Last post: RobinOthala, 31 May 2023 16:48
I am wondering if it is legal for the Ukranian authorities to cancel Enwell's change of beneficial owner and put it back into the name of Mr Novinski? Maybe they are employing a delaying tactic, knowing that this act will eventually be overturned after a drawn out court battle...
Most of Novinskiy’s assets in Ukraine have by now been lost - Azovstal in Mariupol completely destroyed, most of the shopping malls across the country destroyed by Russian strikes, etc
Taking over the gas business will be the last straw
Novinskiy is a Russia-born, Russian citizen, who openly supports the Russian Orthodox Church
He wouldn’t survive in the current Ukrainian environment, in my view
Started: MrBasse, 31 May 2023 03:31
Last post: pumpky, 31 May 2023 07:16
15 th June Divi payment date
…this touched 50-60 p in the prewar years…and 15p divi/discount due Friday…
Finally out of this sh@t, with a reasonable profit. Waited way too long
Can’t see any meaningful future here. Assets eventually will be lost. Share suspension can easily last for many months, if not years
Last post: ScotsLoveTrump, 30 May 2023 10:39
Up again! woohoo
My bad on the first prediction…the second will come through though…good evening alll..
I can see on a day high…with another nudge upwards tomorrow…bwdik…
Today for ENW.and VRS...both on the top risers on the leaderboard today......what do we think this will close on today?
Started: 34adsaddsa, 4 Jan 2023 07:13
Last post: harpmandoodle, 24 May 2023 15:26
Thoughts to older post
Ask Freddie Laker if you can't make money with political risks.
Used to hold these back in the Regal days.
Looks to be practically uninvestable now with the political risks.
Read the RNS.
Started: Crazyfool46, 24 May 2023 10:45
Last post: Crazyfool46, 24 May 2023 13:36
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!
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."
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?
Started: MrBasse, 24 May 2023 08:24
Last post: MrBasse, 24 May 2023 08:24
Fully agree pumpkin…
Started: MrBasse, 24 May 2023 07:27
Last post: MrBasse, 24 May 2023 07:38
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?
Started: oldholder, 17 Apr 2023 16:33
Last post: SpArmada, 28 Apr 2023 13:34
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!
Started: oldholder, 5 Jan 2023 12:04
Last post: darientaylor, 2 Feb 2023 14:45
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.
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 !
Started: oldholder, 12 Jan 2023 11:22
Last post: oldholder, 12 Jan 2023 11:22
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.
Started: MrBasse, 13 Dec 2022 16:44
Last post: MrBasse, 13 Dec 2022 16:44
…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…
Not good news, unfortunately. Shame as the SP was just starting to look lovely again.
Ha hahaha, haha ha ha, Krok is back, the man who knows everything, the man who said Russia will never invade Ukraine, then disappeared when they did. You seem to be dressing your opinions as fact again...
Started: MrBasse, 11 Oct 2022 08:18
Last post: SpArmada, 31 Oct 2022 20:35
And it won't flow at 535 bopd at production, half of that would be best case.
This well will not produce any time soon. They will need to build all the infrastructure at the SC field for that
So far they only spent $15-20 mn on the well…
ok then let him buy us all off for 40p/sh..in the mean time great result today for the SC 4 well. After all the delays and testing and in the state of war to get 535 boepd is excellent and will increase current production easily up to 3000 boepd
The company is controlled by an oligarch and I'm sure his energy business has been hit but the last round of missiles and rockets. I doubt the holding is able to satisfy the receivables. I'm sure it is not in the interest of the holding or Vadym Novynskyi to distribute any dividends. It could happen that the make the financial position become worse and worse until they decide to launch a tender for the non-controlled stake. However, I doubt it will happen soon (cash being used elsewhere) and at a fair price. This company should not float in a public stock, it has all features of a private-to-be Co.
$5 mn per 6 months is $10 mn per annum. That would be a mora than 10% yield, if paid out as divi
Started: 34adsaddsa, 16 Oct 2022 21:35
Last post: 34adsaddsa, 16 Oct 2022 21:35
Ukraine is in talks with US drillers to pump gas from its vast untapped reserves to Europe and ease the region’s energy crisis by the end of the decade, The Telegraph can reveal. Naftogaz, Ukraine’s state-owned oil and gas giant, is preparing to market its national gas reserves, the second-largest in Europe, to international drillers and is already in discussion with US firms. A move to prise open the reserves could help Europe find new sources of gas once the war in Ukraine ends and help countries shift away from more expensive liquified natural gas (LNG) imports. The company has identified huge gas reserves waiting to be tapped, including in the Dnipro-Donets Basin. Myron Wasylyk, adviser to the Naftogaz’s chief executive, told the Telegraph it has held discussions with US companies about joint agreements to prise open the reserves. Naftogaz “soon will be marketing some of the projects”, he added. Mr Wasylyk said: “We have a number of resources and gas reserves there that are basically the second largest in Europe. There is exploration potential there and also export potential there. We estimate there could be up to 40 billion cubic metres. “There is a lot of potential there but it won’t come online until the second half of this decade… We have a number of basins which are currently undeveloped.” He said tapping the reserves would “absolutely” help meet Europe’s future gas needs. Europe is scrambling to find alternative supplies following Vladimir Putin’s invasion of Ukraine. Tapping the reserves in Ukraine will likely depend on the direction of the war, though its army has been retaking huge swathes of territory from Russian forces. The bulk of Ukraine’s gas production and reserves are east of the Dnipro River, which cuts through the centre of Ukraine. Russia supplied around 40pc of Europe’s natural gas before the war but the Kremlin has been choking off supplies ahead of what threatens to be a bleak winter for the region. There are fears the shut-off could spark power shortages this winter, though gas prices have fallen in recent weeks after a successful drive to boost storage levels. Benchmark European gas prices have more than halved to €145 per megawatt hour since peaking in August. Prices have fallen thanks to successful efforts to cut energy consumption on the Continent and as European gas storage levels have risen above 90pc. However, experts still warn that much will still depend on Europe avoiding a particularly cold winter that forces households and businesses to turn up the thermostat. Figures from think tank Bruegel suggest gas imports to the EU and UK from Russia are down by more than 80pc in recent weeks compared to a year ago. Meanwhile LNG imports are double 2021 levels and are on track to hit record highs in 2022. LNG is more costly compared to the cheap Russian gas Europe is used to. Analysts have warned gas prices are likely to remain high this winter despite recent falls.
Started: oldholder, 16 Oct 2022 12:46
Last post: hand-some, 16 Oct 2022 18:47
you make good points about dividends. fully agree. Maybe oligarchs are also giving their own money as well I am sure they would want to prove themselves and show their ''love'' for Ukraine. again example of FXPO who paid much more than ENW in charity (although maybe proportional) but they continued paying the dividend. But ENW must continue paying humanitarian aid from their accounts, imagine if they didn't.. just how that would be selfish and cruel and they would be destroyed in the country at every level.
Also, you are correct and I guess its the cold truth, we are anticipating for this to go the route of JKX, I am sure 40p would make many happy here
I reckon by now Smart Energy has accumulated $50-60 mn, which belong to Enwell
If they had made an offer at, say, 40 pence to take the company private, it would have cost them less than half of Enwell’s money they keep retaining. Most minorities would have been happy, given the circumstances
Instead, they continue scr@wing the miserable minority shareholders, while their methods are more and more infamous
If they pay a dividend of let’s say 25,000,000$ they get 20,500,000$ and the rest 4,500,000$ go to shareholders < 5,000,000$ donations.
It’s real crazy!!!
Kroc
Instead to give dividends to their shareholders the oligarchs are giving receivables to anyone without control because the company despite is considered a public company the reality is that company is almost a private.
So they have sufficient money to make donors and to offer receivables because all these help only their own business.while if they pay dividends they will loose their money.
Started: MrBasse, 30 Sep 2022 09:15
Last post: darientaylor, 10 Oct 2022 10:35
Qtr results due in next few days we may get some news on receivables then
Do you think that the receivables will be cashed any time soon?
The management of cash in this company is worrisome, at least. They keep lowering cash and equivalents without an explaination, I guess it is being "donated" somewhere
about time the re rate started
up on zero volume. Mm's messing with this, there is only one way over the next year imho
Started: ChazBigspuds, 31 Mar 2022 17:44
Last post: darientaylor, 30 Sep 2022 09:14
profit for the half year $48 mill.. so full year around $90 mill or £85 mill on a market cap of £75 mill. joke share price.
AUCTION !
All's well that Enwell
good start, waiting for 50p
with Ukraine counter-offensive in full tilt, I expect this to go one way now