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It's Bagir final results in 3 weeks, we will soon see how well they've done. Half year revenue was "Steady trading period reflected in a 32% increase in revenues to $32.8m (H1 2018 $24.8m)" "Company on track to generate revenues in 2019 of around $59m (2018: $56.4m)" This company is way oversold simple as that.
It's on Ruyi, if it comes off then SP will open at 3.5p if it doesn't then SP won't fall much further than now, worth the risk if you ask me.
Worth the gamble from this level.
Patience will pay off, closer to March we get higher the SP will go & dont rule out another TR1 in Feb for Ezry had one Nov,Dec,Jan .
60 days from today - I'd expect SP to be 2p by then if not higher depending on anymore TR1's for stake building Ben Ezry. Worth the wait.
Thought worth posting here - marketanalyst1: Anyone heard of the Bagir Group? You know, the 59-year old, London-listed, Israel-headquartered, global innovative tailor? It specialises in developing, manufacturing and marketing of high quality men and women’s clothing. Anyone? Well, if I were to tell you that the Bagir Group is currently the most promising recovery play on the AIM market you’d probably charge me with irrational exuberance having unduly escalated its intrinsic value. Alternatively, if I told you that the £1.7m-capped Bagir Group not only registered a 32% increase in revenues for the six months ended 30 June 2019, but is also on course to smash current market forecasts with projected, year-end (2019) revenues coming in at £45.78m ($59m) you might, quite rightly, sit up and listen. Better still, when I tell you that, at £1.7m (0.60p), and less its current cash balance of £1.54m, means the market is valuing Bagir at a nonsensical and wholly irrational valuation of £200,000 you might bark the unsavoury but apt remark, “What the ….!” And so you should. To value a £45m per annum revenue-generating company, with gross margins of 11.9%, and a positive adjusted EBITDA performance of £770,000 ($1.0m), at £200,000 is nothing short of vacuous nonsense. And it is for this reason that hardened businessman and serial investor Ben Ezry (Shlomo Haim) is tripping over himself to snap-up as many shares as he can. By the way, and for those unaware, Ben Ezry is one of the richest people that have emerged from the Israeli high-tech sector. And as K1ingkonggb aptly puts it, there's three likely outcomes with monsieur Ezry's stakebuilding. I'm going for a down and outright offer for the business. This is in line with his modus operandi: buy, build, and sell. Thus, I have only three words: Follow the money.
I have three kids and dont need anymore..should of bought a tele haha.
I had 800k last year sold too early and watched Bagr hit 2.4p, been meaning to get back in again but only wanted to get in with more than i originally had. Not making last years mistakes staying put this time. My average is 1.25p thats how much I'd need to breakeven on last year's f#\k ups.. lessons learnt. Besides 2020 being the Chinese year of Mexican lager it's also the Rat which is associated with wealth and high fertility, I'll take wealth :)
Been off LSE and shares for a while now back in with 1mil. Hoping 2020 is the year.
Mmmm pie! Like I said before, pure speculation I was more interested in what others thought. When the SP was suspended my shares were worth £6k or £2.5m MCAP of old BOIL. At £25m MCAP of new company our 33% would be £8.5M or 3 times+ what they were. I'd be happy with that but long term I think £100m is possible.
My reasoning behind the £100m MCAP (pure speculation) is ii's generally invest in £100m + companies, I guess my thoughts are the new company has the potential to be huge with the gas rich area they are in is £100m really out of the question? No one can say yes or no but wait and see, I wish us all well hope we all do good and can help our families out, wouldn't it be a nice change.
Chuditch 1.2 TCF (that alone would get a lot of interest from ii's,) Telen farm out, Colter, Peru ( we now have the partner for that) and add wishful thinking. Like I said before nothing can be done but wait and see how this pans out. EGM we will know more, what figures do you come up with? Can't ramp or deramp but we can dream! :)
How about nearest to share price on relist chooses a charity and we all put in what we can afford. I've done my calcs below:
5,777,000.000 total shares ÷ 33 (consolidation) = 175m shares. £100m MCAP of new company (ii's will be on board) £100m ÷ 175m = 0.57p. If you had 5000000 BOIL ÷ 33 = 151000 new company, 151000 x 57p = £86k (or in old BOIL shares 1.7p) no right or wrong answer as nothing we can do, would be a bloody good 2020 if I'm right! :)
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Baron Oil Agrees "Transformational" Merger With Partner SundaGas
Thu, 14th Nov 2019 11:28
(Alliance News) - Baron Oil PLC has agreed a merger with Singapore exploration & production firm SundaGas Pte Ltd, it said on Thursday.
The transaction is considered a reverse takeover under AIM rules, so shares in Baron Oil have been suspended from trading in London.
Baron is to issue two of its own shares for every one SundaGas share held by SundaGas's shareholders, creating a new company in which Baron shareholders will own 33% and SundaGas's the rest. The combined company will be called SundaGas PLC.
Baron Executive Chair Malcolm Butler said: "The SundaGas team brings impressive management and technical expertise in south-east Asia and it makes sense for us to combine forces with them. The Chuditch production sharing contract has the potential to contain a substantial gas accumulation and is an asset of significant value.
"This proposed transaction will be transformational for our shareholders and we look forward to reporting back on progress in due course."
SundaGas has two main assets: the Chuditch production sharing contract off the coast of Timor-Leste, and the Telen block of the coast of Indonesia.
Baron has interests in two UK North Sea blocks, Wick and Colter, as well as an exploration asset in Peru and an existing partnership with SundaGas in which the two have been looking at new licences.
By George Collard; georgecollard@alliancenews.com
Copyright 2019 Alliance News Limited. All Rights Reserved.