Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
As I mentioned last week with regard to taking the company private PL has no voting right on this. SO NO MORE SCAREMONGERING PLEASE. Count yourselves very lucky that in the event and lets hope it doesn't happen there is a support bid. Find me another company on aim like this.
END OF TOPIC
Guys can we have sensible thoughts if this were to happen rather than scaremongering. I tried to suggest this a week or two ago. I am no expert on this matter but believe the following
1. buyer needs a minimum of 75% or greater
2. Not sure on this but think I read somewhere that if PL is the buyer his stock doesn't count not sure here
3 JPM and Shroders will own this stock in a fund which means they have an obligation to investors in fund and not as an institution.
4 Cannot see the IFC being any different really.
Lets have some serious comments please
His first post and take a look at his others!>
Why have JPM and Shroders taken the full entitlement in every placing for the last 7 years
Rest my case
So the dust is settling and we’ve all had a good rant
I first bought these shares in 02/12 and like a lot of you it’s been along painful journey, I’ve bought in on many occasions with a average I suspect not to different tp Peter Levine
We’ve had the
Repsol debacle, the mad bitch (CFK) (GEO POLITICAL) which sort of lead us to
Paraguay (did we bite off a little more than we could chew (YES)
Jacaranda (FAIL)
Lapacho (FAIL)
somebody dropping something down a f*cking well (BAD LUCK OR STUPIDITY) Lawsuit (forget that one)
the wrong pumps (BAD LUCK OR STUPIDITY)
BOTH OF THE ABOVE ARE DIFFICULT CALLS!!!
SEPTEMBER 17 PF/EV BLINDING DEAL AS IT TURNS OUT
SEPTEMBER 18 PP/LB looking as promising as PF/EV
STRONG END OF YEAR FINANCIALS
So where does this leave us
Well after many years of disappointment and then lets be honest a great 18 months we’re all pi**ed off the share price hasn’t reflected this.
Brokers range 16-19 pence
and now the company wants more money (Great)
well maybe it is great
I think the thing to do is ask yourself the question
AS A NEW INVESTOR HAVING DONE YOUR RESEARCH WOULD YOU BUY THESE SHARES AT 8 PENCE
I have to say the answer for me is a resounding yes by the bucket load if I had the cash with a exist point in 2-3 years
However I don’t and will not participate in this round and will have to hold a while longer to see my break even of 18 pence
Remember PL is in exactly the same position as most of us (average 18-20) ie 50% down oouch
He owns 30% show me another oil company where the chairman owns that %
Forget dividends
Forget buybacks
The outstanding debt due to PL in the last 18 months has served us well.
Without PL what interest would we have to pay I would be surprised if he is taking advantage on the rate as there must be some AIM regulation with regards to this
Oh and if all doesn’t go to plan and PL gets fed up and decides to take the company private then I presume he’ll have to pay a fair price ( 20+ pence) for sure
If anyone has a good relationship with with a broker would love to here some clarity on the procedure for him taking the company private
ie does he need 90% investor approval ANYONE GOT A SMART STOCKBROKER (is that an oxymoron)
Actually one last thing we rant about the company keeping us informed and to be honest they have become much more touchy feely than in the past but always room for improvement ie PL and RS within a regulatory framework set the bar even higher than you have.
Everything tells me this is complete bullshit and that someone is about to get there arse sued. However if there is no rns at 7 on Monday I’m fuc*ed
This is the key long term resistance level, god wouldn't it be great if it broke that today
Haven't two parties broken the law!
I'm wrong but it has nothing to do with when selling has finish if a threshold is crossed you have two days by law.
All the interviews are 90% staged because he cannot release price sensitive information. However in the last core interview as i earlier hinted at PL HINTED that there was potentially so much more to the last two acquisitions than would of first sprung to mind. I think there is much more gas than he is letting on. Re taking the company private PL will have to pay, Shroders,JPM and the IFC are not fools. Today i'd expect he would have to pay north of 24 pence
Nothing of too much interest apart from PL eluded there was much more to the two new concessions than one might of thought which I sort of and hoped would be the case. Lets see
The issue is more one of no explanation old wells pre 4Q or three wells in last 4Q. 600 barrels is a huge amount for this company with its production. As an investor with a pretty sizeable position in this company for 7 years I want the BAD news as well as the GOOD. This is very shoddy of PPC. Our oil guru (LOL) IS NO MORE THAN A TRAINED PARROT ON THE GRAVY TRAIN
I am amazed that no one on this board thinks that today's RNS IS NOTHING SHORT OF A DISASTER, NOT BECAUSE WEVE MISPLACED 600 BARRELS BUT BECAUSE NO ONE HAS EXPLAINED WHY
Sucks PPC customer relations has fallen from 80% to 30% in one day bit like its decline rate
So comes in as originally expected ..........very sh*t news for start of year
PPC NEED TO TELL ITS INVESTORS BAD NEWS AS WELL AS GOOD NEWS
DONT TREAT US LIKE MUPPETS
I might be being stupid but can someone explain how
09/08/2018 Group production = 2700
Q4 Three drills
1 1000 choked back to 600 (540 PPC)
2 400 (360 PPC)
3 250 (225 PPC)
= 3300
SHOULD IT NOT BE 3825
Actually message for Rob Shepherd. Why hasn't flow rate been given for the secondary play.
Regards
Kevin
Would of liked to know the flow rate on the secondary play. Wonder what this new play will add to P1
Can someone who is a member get him barred?
No it is not all about Paraguay, Paraguay is the cherry on the cake for next year.
With a CAPEX spend next year of anywhere between 30 -40m of which possibly 25m is low risk it is quite possible we will be producing anywhere from 5500-7000 bopd. The shares are definitely undervalued, fair value more like 16p. Hoping for SP to be around 30p by end of next year without Paraguay. Success in Paraguay adds well who knows lets say 50p. Better than the bank.
In truth the reason for investing is all about management especially in this type of sector
AS above