The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"CEO/CFO with significant public and private company experience in a range of business sectors, with international expertise in financing, IPO, joint ventures, M&A, exit transactions, new business structuring and property investment/development"
His 14 years at Xcite are summed up in three lines:
Created business plan & commercial/financial/legal structuring
Led 2007 IPO dual listing in UK & Canada; raised aggregate $500m+ equity & debt
3 successful work programmes delivered 300m+ barrels attributable oil reserves
'presenting things as facts when they are only opinions - and unsubstantiated ones at that' - quite so. It's usually the optimists that get it wrong too.
Thank you for clarifying your comments from your earlier post.
I have a close relative working on this project from a BP perspective (at a senior but not director level), so I have a bit of insight from him, although quite rightly he is quite tight lipped about it. It's certainly not a done deal by any means.
I stand by what I said about being wary listening to directors of oil companies. Perhaps a poor example, but I remember speaking to Rupert Cole at Xcite asking him whether they'd be able to get funding and pay off their bond (the thing that eventually sank the company). he stated, unequivocally, that there were no circumstances in which the company would not get funding and pay off the bonds.
I've sat through several Oil Barrel conferences and watched optimistic directors outline how amazing their business is and why it's a sure investment, only to see all of them either out of business or with a much lower market cap today.
The fact remains that there is nothing a director will tell you privately (unless they are very stupid) that doesn't just reiterate what they are saying in public.
Regarding retaining shares - SQZ directors wouldn't be able to sell (or buy) shares at the moment even if they wanted to.
Nevertheless I am hopeful this will resolve itself by the November deadline, but it's certainly one of my riskier holdings.
Oh, I forgot to mention, Rupes has a brand new linkedin profile.
https://www.linkedin.com/in/rupertcole/
I don't think this is anything new. That statement has been on the Whalsay energy website since its inception.
The institutional investors of WHEL are the former bondholders of XER.
No disrespect, but I've got a lot of experience listening to 'senior representatives' from oil companies and they're hardly going to tell you anything other than good news.
I agree though, it makes no sense not to do the deal unless they expect to get everything sorted, but if there's one thing I've learned investing, it's expect the unexpected.
Besides, if this is such a no-brainer, why is it taking the US so long to make a decision?
This was being touted by some as an amazing investment some 2 years ago.
I've watched from the sidelines and only seen it go down since. Investing in the FTSE 100 tracker would have yielded some 8% in the last two years versus -11.5% for EDEN.
It's all very well looking for the next best thing, but when you've been twiddling your thumbs for two years watching your investment go down in value you have to wonder if it's the right choice.
I had this from HL today:
EnQuest plc has announced its intention to raise approximately £107 million by way of a Rights Issue.
The Rights Issue is subject to Shareholder Approval at a Shareholder Meeting to be held on 01 October 2018. If you wish to vote in respect of the proposals you will need to give us your instruction before noon on Wednesday 26 September 2018. You can give a voting instruction online by selecting the dark blue Corporate Actions Icon alongside your EnQuest plc Shares and following the instructions provided.
The Rights Issue is expected to open on 02 October 2018 and will be available to all Shareholders as at close of business on 01 October 2018. If you hold Shares at this time you will be entitled to purchase 3 new Shares for every 7 Shares held, at a price of 21p per Share.
Unless you wish to vote on the proposals you need take no action at present. We will write to Qualifying Shareholders confirming full terms of the Rights Issue shortly after 02 October 2018. Our deadline for the Rights Issue is expected to be noon on Wednesday 17 October 2018.
I've seen many a neglected share that PIs think is the next best thing and can't understand why anyone would be "out". Only to see a few months/years later going down the toilet.
I hope that's not the case here, as I have a holding, but nothing is a sure bet.
There is no such thing as a code. It’s just something clueless private investors say in the absence of news. I’m happy to wait until news comes.
There are no such things as codes based on the numbers of shares traded. What kind of muppet believes that stuff?
I was hoping to go, but HL only emailed my letter authorising my access yesterday, and I was unable to make it at such short notice.
looks good though, reassuring to see the share price nudged upwards during the course of the AGM. I'm used to seeing it drop.
Of course you will. Is gullible your middle name?
lol wut? http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CHAR/13622781.html
Bad news chumps - � The well did not encounter a hydrocarbon accumulation.
Why? You do recall the last two dusters were announced on a Monday, right?
http://eni.iwebcasting.it/2018-first-quarter-results/assets/docs/presentation.pdf http://eni.iwebcasting.it/2018-first-quarter-results/assets/docs/press_release_eng.pdf
There is nothing relevant in the presentation PDF
Sorry ShrewdDude67 but that logic doesn't hold. As SharePlay noted before I got to reply, they have previously announced bad news on a Monday. The rules are clear on the disclosure of price sensitive information, waiting for a Monday to issue good news is not one of them.
Please explain that logic shrewddude. How does the lack of an RNS tomorrow mean a major find?
Do you enjoy the sound of your own voice? You have posted reams of filler on this board and contributed nothing. Chariot said 50 days for the well operations. We’re not there yet. You know no more than anyone else, please stop filling the board with your fluff. We get you’re excited.