Member Info for Togglebrush

Headlines begin
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Revenue_______________________ GBP3,073m____ +15% +16%
Adjusted operating profit________GBP304m_____+32% +32%
Profit before tax_______________ GBP162m_____+27% +28%
Adjusted EPS(1) (9)_______________ 16.5p______+9% +9%
Statutory EPS(9)___________________ 9.5p______+4% +5%
Interim dividend per share(9)_______5.2p_____+14% +14%___ XD 5 Apr Paid 1 May
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etc
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Looking pretty reasonable

Kazakhstan has the World's Only Operational Space port for voyages to the Manned Space Station used by Russians and Americans. Astana the capital has been created as one world's newest futuristic and fanciest cities. Country is probably the richest in Central Asia by some measure. Be careful how you run down this country and its people.

The 6.5% in above post refers to trades not actual shares. It becomes 3.25% of issued shares only if each deal is a discrete buy or sell.

FWIW by my reckoning
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Friday was the maximum daily trading volume recorded this year by a large margin at 1,182,413
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My calc gives daily Median at 188,193 and top quartile starts at 281,503
We haven’t seen volumes of this order since the placing on 25th October 2017.
Shares in issue are 63.78 million
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All this adds to past six days trading where over 4.2 million shares have been traded or 6.5% of issued shares. The share price reaction is that it is down from 1946 to 1496 or a 22% drop

Mondays Directors share purchase was well above his salary and Fees
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Annual report May 2018
Directors 2017 _____________Salary/fees US$____Share options US
Edmund Limerick Non-Executive____$38,667___________25,583
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8 August 2018________Nature of the transaction _______480,000 ordinary shares

c) Price(s) and volume(s) __________Price(s)_______ Volumr
____________________________________10.25 pence_____480,000
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That in US $ is ________________$62,451.41

Licenced full production basis is covered in the Full Year report in May 2018. I don't think that this has been changed

RNS Number : 8792N
14 May 2018,,, Extracts

In October 2017, we announced that we have successfully extended our licence at BNG with effect from the planned renewal on 1 July 2018 to allow both continued appraisal for up to 6 years across the Contract Area and the move on a structure by structure basis from appraisal status to full production licence, which would currently result in a doubling of the price received for oil produced from such structures.
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The terms of the licence from July 2018, subject to agreeing a work program with the Kazakh authorities, will be as a six-year continuation of the current appraisal licence across the full area of the BNG Contract Area. Additionally, we will be able to move structure by structure to a 25 year full production licence, where the majority of oil sold is by reference to world prices.
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After deductions for tax, storage treatment and transport the net price expected under a full production licence is currently expected to be some $40 per barrel.

Trading Volumes are in the Doldrums with No news or medium term vision. All the big holders are sitting on their positions awaiting the ACTION to come.
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For example in 3 week periods
AFTER THE MERGER average daily volume was 299,353 (5th to 23rd Jun 2017)
LAST three weeks average daily volume was 277,132
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Expected Daily Trading volume following merger was roughly 1,100,000
but Stats of Daily Trading since the merge to date give:-
Q3___________1,054,592
Median_________464,795
Q1_____________204,295
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If and when ACTION begins it can be HOT. Based on post merger performance with the usual warnings...
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One in a Hundred day volume 8,936,652 with prices c 13.25p
maximum volume 55,050,444 (22 Nov 2017) with max prices c 17.25p

FWIW Caspian Sunrise is quite a family business; At the end of Annual Report 14 May 2018 after all the loans etc attributed to KO you find his interests in the drilling services
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26.3 Purchases
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During 2017 the Group had not purchased drilling services from the related party STK Geo LLP, the company registered in Kazakhstan, which is owned by a member of Kuat Oraziman's family (2016: US$4.4 million).
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During 2017 the Group had purchased drilling services from the related party KazSmartEnerKon LLP, a company registered in Kazakhstan, which is owned by Kuat Oraziman, in the amount of US$ 4.6 million (2016: US$2 million).

Shares Magazine today has an article re share price mis-pricing for the reason of recent price volatility. Concludes with a Great Idea buy rating.
Extract ...Opens
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SHARES IN ATTRACTIONS software supplier Accesso Technology (ACSO:AIM) have shot more than 12% higher in the past week or so, leaving the stock not far shy of its £27.60 all-time high. Apparently a stock trading technical issue was behind the jump. Without labouring the details, some stock seems to have been mis-priced temporarily, and as normal trading resumed the share price adjusted back to the market level.
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Concludes
This is long-run growth story expected to achieve near-35% profit growth a year over the next few years, hence a premium rating is justified

The magic $2 billion takeout … An example which cross my mind is IEC or Imperial Energy Company, Western Siberia. The business was founded in 2004. In 2007 it was first listed on the London Stock Exchange. The company was acquired by ONGC for $2.1 billion in January 2009.

Dodgy numbers but for scale, Where, What, How Much, and When
Geography is vaguely similar: CASP Revenue on WHI data gets to $59m in 2019,(IEC Income 2007 c$42.5m); and possible reserves sort of same scale; then timing IEC took 5 years to catch a deal and maybe in 2019 CASP will catch one too after 7 years from 2012.

One EXIT theory is a CASP Sale to a National Oil company possible at a decent price. A possible sale for $2 billion and with roughly 2 billion CASP shares gives $1 each.

Sankeys you haven't been reading:- Circular to Shareholders 27 February 2017
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Where a certain Zhanat Bukenova has been treated as acting in concert with Kuat Oraziman due to their professional relationship.
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The circular gives her 19 mentions with loans and all plus lists her trades
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Trades__Avg Price ______Value______from 2/01/2015 to 08/06/2016
14_____£10.29 Buy __£387,069.55
_9_____£15.02 Sell £1,031,632.00
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All listed and reported
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Linkedin has a possible connection
zhanat bukanova or Janat B.
Business Development and Investment Project Manager at J&E

Single shares are possibly paper proof of prices for Off Market Deals required for tax purposes (in some country) maybe part of the 3A Best Manoeuvres ???
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Just a guess as they happened in around the Merge and major Kazak Capital Tax change dealings in the Autumn 2017.

This time last year production was 6 tanker loads per day
By Christmas production had risen to 12 tanker loads per day.
In Autumn we had a deep behaving like a gusher which would have needed 12 tanker loads per day and probably over stretched local storage. And showed future tanker has severe limitations
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In addition “oil traders” probably provided the tankers (One tanker load is 200 brls). “Oil Traders” also provided the finance for operations". Annual report 14th May 2018” extract.
Gross Margin Diddly Squat that is because production is paid for by forward sales payment by Oil Traders
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FUTURE From next week provided all licences agreed the “From July 2018 we have the ability to sell at world prices less tax/extraction and delivery costs (net $40 to 45) Presentation 1st February 2018 slide 14 and in Slide 29
“We will need: ▪  Pipeline ▪  Treatment works
▪  Storage Estimated spend for 2018/19 $40m”
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So sell a million barrels plus and in 400 days at current production you could have the cash to pay for the pipeline etc. Add a Deep Well and it drops to 200 days.
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Bridging Finance is needed now for "a pipeline to existing oil separation facilities and close to the CPC export pipeline". Then company can Oil to market in quick time and quantity. BUT CASP are reluctant to raise money in the Market. Hence a rather messy situation continues.

Resolution details and AGM Agenda ' https://www.caspiansunrise.com/wp-content/uploads/2018/06/Caspian-AGM-Notice-CL_final.pdf ' Also available through the website

There was no AGM Statement in 2017 but there were RNS's close around the merger ' Caspian Sunrise plc - Result of AGM 13 Jun 2017 14:15 ' But in 2016 we had ' Roxi Petroleum Plc - Result of AGM 29 Jun 2016 16:07 Roxi Petroleum Plc - AGM Statement 29 Jun 2016 07:00 ' IMHO All rather worrying

June 19th is the date of the AGM when we may expect a Trading Update (last AGM had Kuat Oraziman in London) BUT BEFORE THAT :- ' 1) there may be RNS as a Drilling Report and/or 2) an RNS as a prelude/end to the purchase of 3ABest which is subject to further due diligence. ' IMHO

FWIW ___ Companies Annual RESULTS ZONE for those earlier in this decade � Caspian Sunrise plc - Final Results_________15 May 2017 07:00__recent Roxi Petroleum Plc - Final Results__________03 Jun 2016 07:00 Roxi Petroleum Plc - Final Results__________23 Jun 2015 07:00__latest Roxi Petroleum Plc - Final Results__________06 Jun 2014 07:00 Roxi Petroleum Plc - Final Results__________30 Apr 2013 07:00__earliest Roxi Petroleum Plc - Preliminary Results_____08 May 2012 07:00 Roxi Petroleum Plc - Preliminary Results_____20 May 2011 07:00 Roxi Petroleum Plc - Final Results__________24 May 2010 07:00

Alternative Top Ten Onlne Stock Trading Sites ‘ http://www.money.co.uk/share-dealing/online-stock-trading.htm ' ANY COMMENTS or SUGGESTIONS ???

IMHO it is like a horse designed by a committee = a Camel Old system was ex Charles Schwab (bought by Barclays) and was investor friendly. ' New system appears to be a bankers system and at first look is investor unfriendly ' Examples ' Moving money in and out of ISA and Paying in Share Certificates is banker friendly ' Presentation of data for quick trading and/or day to day viewing at first look is investor unfriendly

About noon my system was LIVE. It was due in the MORNING but I guess better late than never