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My Halifax sharedealing account is showing the latest share price for Nop is 3.75p my average purchase price stands at 3.794p which is a current loss of 1.16%. I did not say at any time that I paid 40.85 for all my shares in fact I clearly stated that I had bought to top up my holding since my original purchase, thereby reducing my average price per share. I suggest you re-read my post. If the shares have gone up to 3.75p you are having a field day.
if you paid 40.85 your loss. Is much bigger than 10% as the price only 3.39 now. I paid oodles years ago!
It would appear that your post has been ignored. He has what we say in Gods county as thrown a deaf un. Looking back at previous posts I notice that this gentleman informed us that he held 14.83% of the company on the 6th Dec, with 148.545m shares in issue that makes his holding at approx 22m which at 3.38p which was the share price when the post was made works out to be £743,600. I would have thought that if these figures are correct that he would be more interested in the running of the company bearing in mind that for every 0.10p change in the share price his investment rises or falls by £7436.00.
I would have expected a response from you from either mine or Rookie124 postings, especially to Rookie124 because your previous replys to his have not been very complimentary
I'm sorry, yes it was.
Like you I bought my first NOP shares in November 2013 @ 40.85p and also have purchased additional shares to a total of 350k, my ave price is less than yours but still showing a loss of 10% as of close on Friday. I also hoped to have a constructive and informative chat about NOP with fellow shareholders but all I received was two replies, the first being a childish reply renaming me Rookie the Robot ( which I am becoming to be rather fond of ) and informing me of my misuse of the word portfolio. The second asked why I had only a handful of posts and whether I had an alter ego. I was not aware that I needed this persons permission to post a comment. I considered both replies completely unhelpful and thought that with over 8500 posts between them that they could have been more helpful. Subsequently I am of the opinion that perhaps we know more than they do.
I think your question is addressed to Bruce Jamison With regard to the directors shareholding if you look on top of this page and press NOP Diectors Deals it will give you the directors dealings But if you look at my last posting you will find the figures interestin
I do appreciate that they purchased shares but I think you should look at their financial commitment Jonathan Murphy total shares 1,425,200 of which 1,000,000 were purchased in Dec 15 for 3p per share Keith Bush. ". ". 450,000. ". 330,000 ". ". ". ". " Ian Lanaughan. ". ". 217,000. " 167,000 ". ". ". ". " Nicholas Morgan. ". ". 448,000. ". 383,118. ". ". ". " Others. Graham Heard. 617,497. were purchased at far higher price per share Rex Gaisford. 78,500. ". " If you take the real £ pound value of their holdings wasthe point that I was trying to make was their financial commitment as far as I am concerned is pathetic
I'm looking for the 'icon above' and can't find it. Are you a shareholder or aperhaps a relative of one of the directors as you appear to be very defensive of the board.
well the directors do,own shares. there were a number of purchases in December last year at 3p see icon above.
I am absolutely amazed that this company receives any supportat all.AS previous members have indicated the directors have taken out vast amounts in salaries when the company has nade no profit at all. All the company does is make major losses.Year end 30/06 loss 1,225,000 year end 30/05/2015. loss 2.565.000..Closing cash 2014 7.15m Closing cash 2016 1.39m. all figuresindicated in the published accounts of the company. This is a severe case of corporate mismanagement.Why dont the major shareholders cavendish Asset Mangement and City Financial management have some sort of control and management of this company.It would appear they are allowing the directors to use this as there personal cash cow with no responsibility towards any of the shareholders. Again they are running out of money hence the reason to be capital raising again. Any cash been raised by actual oil sales will have to be shared with the new owners High Power petroleum.A definate case of corporate mismanagement.
Well my paperwork has arrived from HSBC but I think I will try and buy on any dips rather than paying 3.5p. Personally I think the company are being a little greedy - they should be offering a big discount. After all it is a rights issue.... GLA
A good start would be for the directors to purchase a considerable amount of shares themselves
Bought my first shares in NOP @ 32.40p in Jan 14 and have topped up to a total of 100,000 shares but my average price is over 6p per share and I agree with you I don't know where this company is going and apart from the occasional notices saying how well the Company is progressing, I feel that the Directors salaries are too high for what they are achieving and that is why I asked on this site where do other people think this Company and so is going over the next 12/24 months without any response from other investors on this site. Originally in 2014 there were a lot of positive postings but not had any in my view over the last 12 months and I won't be taking up any more shares until I hear something positive especially with regard to what's happened over the last couple of weeks re oil price rise etc. Keith Bush needs to be honest as to where this Company will be in within the next 3/6 months
May I suggest that you look at the Northern Petroleum PLC Annual Report and Accounts 2014 page 25 of 90 under the heading of Report on Directors Remuneration to year ended 31st December 2014. You have asked whether I have an alter ego which the answer is no. I am just an ordinary shareholder presumably like yourself who is very interested in my investment in the company, therefore not breaking any LSE rules just exercising my right to freedom of speech.
RookietheRobot: A Portfolio must consist of more than 1 stock.
How come you have only a handful of posts. Do you have an alter ego - not allowed under LSE rules. Where are these salaries shown. Not in Interim report!?
I am not surprised that there is a shortage of working capital with the salary of the CEO being £406,000 / annum and the salary of the Finance Director being £372,000 / annum. A nice little earner for such a small company, I for one will not be taking up the offer and will probably sell my substantial portfolio ( in my view ) at a loss, unless the share price changes from now until the end of the month.
Always best to go to company website to find answers. Basically it is capital raising as it lacks liquidity for 2017 eg shortage of working capital and needs help with Rainbow Project.
Placing is not like a rights issue except for an issue. A rights is underwritten at a huge cost whereas a placing maybe participatory as this one is or more usually these days only available to institutions. And is not underwritten.
Well, an open offer to all qualifying shareholders to buy 1 new share for every 7 shares held is similar to a rights issue of 1 for 7. And it's only about a year since the company had a rights issue. And what is the purpose of the company raising this money?
You imply the placing is a rights issue - not so.
I note that the share price is barely above the level it was at when the company announced its previous rights issue just over a year ago. Maybe it's being propped up to suck in more cash.
Can someone get me up to speed on the bonus issue?
Have 14.83% of the company. Consensus is now buy I am taking up my new shares and some exvess.