Share Name Share Symbol Market Type Share ISIN Share Description
Amerisur Resources LSE:AMER London Ordinary Share GB0032087826 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -2.06% 23.75p 23.25p 23.75p 24.25p 23.25p 24.00p 2,226,344 16:29:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 41.5 -17.1 -1.7 - 288.14

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Date Time Title Posts
27/4/201712:22Amerisur Thread - the one that welcomes any comment and not just blatant ramping47,859.00
13/2/201714:08Amerisur Resources - a new dawn24,240.00
26/4/201509:30Amerisur - Voting at the 6 May 2015 AGM-

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Amerisur (AMER) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-04-27 16:08:1423.755,4921,304.29O
2017-04-27 16:07:5023.7510,0002,375.00O
2017-04-27 16:07:4723.755,4921,304.29O
2017-04-27 15:52:2323.7477,39818,374.36O
2017-04-27 15:52:2323.7253,30312,645.44O
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Amerisur (AMER) Top Chat Posts

Amerisur Daily Update: Amerisur Resources is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AMER. The last closing price for Amerisur was 24.25p.
Amerisur Resources has a 4 week average price of 19.75p and a 12 week average price of 19.75p.
The 1 year high share price is 32.75p while the 1 year low share price is currently 19.75p.
There are currently 1,213,205,768 shares in issue and the average daily traded volume is 5,768,848 shares. The market capitalisation of Amerisur Resources is £288,136,369.90.
colebrooke: Amerisur Resources plc 104.5% Potential Upside Indicated by Cantor FitzgeraldPosted by: Amilia Stone 9th March 2017Amerisur Resources plc using EPIC/TICKER code LON:AMER has had its stock rating noted as 'Reiterates' with the recommendation being set at 'BUY' today by analysts at Cantor Fitzgerald. Amerisur Resources plc are listed in the Oil & Gas sector within AIM. Cantor Fitzgerald have set their target price at 45 GBX on its stock. This is indicating the analyst believes there is a potential upside of 104.5% from today's opening price of 22 GBX. Over the last 30 and 90 trading days the company share price has decreased 3.25 points and decreased 4.5 points respectively. Amerisur Resources plc LON:AMER has a 50 day moving average of 25.93 GBX and the 200 Day Moving Average price is recorded at 27.09 GBX. The 1 year high stock price is 32.75 GBX while the year low share price is currently 21.75 GBX. There are currently 1,216,298,876 shares in issue with the average daily volume traded being 2,461,372. Market capitalisation for LON:AMER is £266,795,036 GBP. Amerisur Resources plc is an independent full-cycle oil and gas company. The Company's principal activity is investing in oil and gas exploration and development in South America, principally in Paraguay and Colombia. It operates through oil exploration and development segment. It operates in Colombia, Paraguay and the United Kingdom.
fadilz: This is a belated response for al101uk, and others, to demonstrate that a simple NPV model is pretty accurate in predicting AMER share price. There is no need to invoke share manipulation, but if anyone prefers that route – that is your choice. Not saying it does not happen, just that it is not necessary to explain the current malaise. If anyone wants to blame the directors for their losses, then I suggest provide a rationale for what they could have done differently to affect the NPV parameters. --> looking at your post just now, al101uk, your model generates similar numbers - so perhaps we agree after all? THE MODEL Take any point in time as your baseline. Work out an NPV using then current profit per barrel, and then current production at a constant rate until reserves deplete. Next, take any scenario of the same parameters (profit/barrel, reserves, production rate) and work out the change in NPV vs the baseline. Multiply share price at baseline by the ratio of NPV New / NPV baseline, and you have an estimated price. Rule of thumb: You double share price (NPV10) if: - You double profit per barrel, or - Double reserves AND production rate SCENARIOS First row is my baseline (Edit: Aug 2014): share price 60p Row 2-3 Current (Production cost $15/b, oil $45-55 ish). Share price 19-25p Last row end 2019 (Reserves?): Share price: 85p Reserves(mb)__Barrels/day___$/bbl profit___#Years___NPV10____xBase___sp 32.8__________6769__________62_____________13_______1,088____1.00___60.0 25.0__________4000__________30_____________17_______351______0.32___19.4 25.0__________4000__________40_____________17_______468______0.43___25.8 40.0__________7000__________40_____________16_______800______0.73___44.1 40.0__________12000_________40_____________9________1,009____0.93___55.6 60.0__________20000_________40_____________8________1,558____1.43___85.9 Disappointing vs outlook 2 years ago, but 4x current is my reason for holding.
al101uk: Why would someone sell at 21p? Assumptions: Oil Price $50 Costs and Taxes $27.25 Admin $11 million Reserves 24 million Production 6200 bopd Fair Value: 20.84p Assumtions Change Oil Price: $55 Share Price: 24p Assumpotion change oil price: $60 Share Price: 27.11p Assumption change Reserves to 50 million Share Price 34p Assumption change production rate to 20k bopd Share Price: 68.7p Reduce oil price back to $55 Share price 61p Reduce oil price back to $50 Share Price 53.5p Reduce Reserves back to 24 million Share Price: 31p All assumptions are cumulative and tax moves with the profit per barrel, I've added cash of $55 million directly on to the the NPV. If we have oil but are restricted forever at 6400, projecting out beyond 25 years of reserves becomes pointless because the discount makes the amounts negligible. So the theoretical maximum reserves worth reporting would be around 58 million barrels. Just for laughs: Reserves: 50 million BOPD: 20k Oil Price: $100 Share Price: £1.29 Without the oil price slump and if management had delivered on what they promised, we could have been there folks.
foiledagain: Lucy. Do you feel as confident with your previous attacks on my comments now? What a sorry state of affairs but it is just the sp? Yes, it ties in with the comments I made weeks ago that you were so upset over. A company's directors know what the company is doing, so when they make a decision to take some off the table, albeit to pay a tax bill they generate in exercising, its because they know. Now if that same group are telling everyone else about the transformation to the business that is imminent, but doing the above then it tells its own story. The good thing is they have kept more shares so they must believe this share price is temporary otherwise they would have sold a lot more. Tie that in with Giles comments about sale of the company. In my opinion what we are seeing here is nothing more than manipulation of a share price easily done, with some in the background discretely buying as disgruntled smaller holders capitulate, but knowing that any bid will mean their 22p shares are money in the bank. The oil price is over $52 considerably higher than where the market was a little while ago, and we have the dollar being 20% stronger after the pound's 'devaluation' yet the share price still goes down. If you do not think something is going on in the background good luck to you, but I don't see any massive pool of Amerisur shares awaiting sale, but it does show the signs of front running but even Amerisur might be wary of treading that path again. Is Amerisur worth more than the current sp? In my opinion its unequivocally yes, but that's without knowing what some of the BoD must know.
fadilz: al101uk, your posts and those of a few others are why I visit this board. You put some challenging and interesting points. First I don't have your skills in creating a fundamental model, nor I suspect is the required information visible to me. However, I do know how to use a spreadsheet and I can work an NPV calculation. My basic position 18 months ago was that - *if* the company was valued at x per share with a known set of NPV parameters - ie income over time, derived from production rate, reserves and profit per barrel - all of which are reasonably well known - *then* you could model how the share price should move if any of those parameters changed. eg if reserves double, production rate doubles, profit per barrel changes, etc. This model was about estimating then impact on share price of a *change* in any of the parameters - *all other things being equal*. My conclusions from playing with this 18 months ago were - NPV used in this way was a pretty good model of observed share price, and I have not changed my mind on this - though I fully agree that sentiment plays a big role in amplifying swings. - there is an optimal production rate for given reserves (make it last 15 years +/- 5). My main beef with many of the comments here, is that people appear to judge management by the share price alone. For the reasons above, I think this is both lazy and wrong, since much of the share price drop van be explained by change in the NPV and the price of oil. Actually, I think we agree on this. Why stay? This is the most challenging question, and I will certainly revisit the NPV to see how $60 oil plays out with current parameters, and with my expectations, which are - I think there is considerable exploration upside, - I observe that most things are cyclical, sentiment especially - AMER have sufficient financial strength and nous to exploit opportunities in this downturn. Top priority now is to increase resources, and make the OBA work - both of these will increase value. POO will will look after itself, or not.
somnus101: from The Times 4 Jan AMERISUR DIRECTORS SHARE PAIN AFTER INVESTORS ...ATTACK Disgruntled investors in Amerisur Resources have crossed swords with the board over growing concerns about the oil and gas explorer’s corporate governance. Last week the AIM-listed Amerisur, which operates in Colombia and Paraguay, had to slash director share option packages — which were first announced in February — in the wake of shareholder discontent. Giles Clarke, the chairman of Amerisur, who is best known for his role as chairman of the England and Wales Cricket Board and for founding Majestic Wine, has had his long-term incentive plan award reduced from 7.28 million shares to 1.5 million. Nick Harrison, the chief financial officer, has been awarded 1.5 million shares, down from his previous grant of 5.46 million, and John Wardle, the chief executive, has had his LTIP award reduced from 12.74 million shares to 10.14 million. One top ten shareholder said the main concern was that, initially, the share awards had been linked to an oil pipeline project that would allow Amerisur to transfer oil to the coast at a much lower cost but which had fallen behind schedule. “I didn’t like the LTIP at all and I am very glad to see that they have made a significant alternation,” he said. “The share options on the pipeline project were almost bordering on outrageous. Management have promised that this pipeline would ready for the past year and they have not even been able to start it yet. They have been overly optimistic on timing. “It also didn’t help that this has all coincided with a fall in the oil price and Amerisur’s share price, which hasn’t put people in a good mood.” Another investor said: “This is not a badly run company. John Wardle is running a very good shop, but there is some concern about the influence of the non-executives. Stephen Foss only joined in January and his first course of action was to award a very generous share option scheme, which the company has now had to row back from.” Several retail investors have also expressed unease about the remuneration packages for the non-executives, such as Mr Clarke, who was paid $357,000 last year. Amerisur also paid Westleigh Investments Holdings, a company in which Mr Clarke and Mr Harrison have an interest, $159,348 for rent for the group’s head office in Cardiff and accountancy and other services. Mr Foss, the senior independent director, has embarked on a charm offensive to meet investors. He said that the company was well run with low overheads. “Amerisur has grown rapidly and delivered significant returns since 2007, when it was a small, loss-making company called Chaco Resources,” he said. “On the recent LTIP share award, I have consulted shareholders representing over 50 per cent of the share register and we have listened and acted. The continuing direction of travel on corporate governance at Amerisur is positive and the board looks to the future with confidence.” In the past few years, Amerisur’s fortunes have improved from its “penny dreadful” day as Chaco Resources. The present management team, led by Mr Clarke, Mr Wardle and Mr Harrison, has been in place since 2007. Last year Amerisur turned over $199.5 million, made a pre-tax profit of $47.5 million and ended the year with net cash of $95.6 million. The pipeline project is under way but, because it crosses several countries, it is a politically delicate situation to navigate, which has led to delays. Shareholders in Amerisur include Rex Harbour & Associates, Investec Wealth & Investment, Axa Investment Managers, JP Morgan Asset Management and Hargreave Hale. Shares in Amerisur rose 3p to 28p.
fadilz: Price goes up and everyone is happy. Price goes down and the directors are all shysters. This is a human reaction but wrongheaded, and I broadly agree with bigbas. What really matters to share price is - Profit per barrel: ie price of oil, and costs - How much we can pump: ie capacity of wells, transport, etc - How long we can pump it for: Reserves Increase any one of those and you increase share price. All of the above are taken into account in the NPV model, and it really does work in predicting the movement in AMER share price. On this I completely agree with al101uk. The optimal pumping rate is one where reserves last 10-20 years. Added reserves count for little in the NPV calculation, if the effect is to increase life to much more than 20 years. Added pumping rate counts for little if the effect is to reduce life below 10 years. AMER now have to increase reserves. Hence the importance of drilling. With current reserves, there is not much point in pumping above about 7k barrels a day. The reason they have quoted this figure a lot is no accident. The reason they want the pipeline is to do justice to increased reserves, and to increase profit per barrel. Simple, when you view it through NPV.
whites123: No blatant ramping but sharing a stock that has a buyer who is buying all stock to hit the market and has a mandated buyer who is looking to spend close on to £5,500,000 more on stock. DYOR but whatever glasses you wear it will come back as a Screaming BUY. The stock is MAYA (Mayair) MAYA : Mayair. 2 trades of 5000 shares go through (These are not destined for share buyback) and the result is, NMS tightens up and increase of 8% showing. Folk... DYOR etc, but it really is a coiled spring waiting to pop. The company has an approved mandate to buy back 10% of stock at an average price of £1.42. (£5,500,000) all stock bought below means the top price payable goes up. MAYA : Mayair. Very limited PI interest showing in MAYA (Mayair) still, but with just 2 small PI trades showing of £3,700 total the share price has risen some 8%. The company has an approved mandate to spend over £5,500,000 on share buy back program. Its a squeeze of epic proportions. Do some research people... Im like an over excited kid as I have not seen this situation for many a year. MAYA : Mayair Close to £5,500.000 still to spend on share buy back program. Averaged out that equates to over £1.40 per share, but all those bought lower means the upper price to pay can well exceed that marker. Tripling of the share price is easy once stock is in demand. Its a squeeze of epic proportions in the waiting. And yet another RNS from MAYA showing a further share buy back. Each and every time the rns comes out the price increases. Yesterday just 2 purchases. 1 from a PI buying 2,500 shares and the other purchase was a share buy back by the company. They have the mandate to buy approx a further 4 MILLION shares back. The share price will explode... Anyone else here excited about MAYA? (Mayair) They want to buy back 4,247,500 shares (10%) for a maximum of £5,755,750 They have already bought back 340,000 shares for £205,611 So they still have to buy back 3,907,500 shares with £5,550,139 They can pay up to 142p (£5,550,139 / 3,907,500) to acquire the outstanding stock but for every share they buy below 142p, they can pay more than 142p to complete the buy-back, so the price should keep stepping up. The objective of the buy back seems to be to get the share price up. This could triple from here. 19th Oct -2016 RNS today showing they bought back more shares.. In a lightly traded stock like this they have the mandate to buy back almost 4,000,000 more. Where will the share price be by then? Many many multiples of todays price is my best guess.
responsible investor: The company has out grown the competence of its Board - as quidnunc says the company needs serious independent oil people. The Chairman and Finance Director need replacing. Concluding the lesson on hedging, shareholders might like to consider where the AMER share price would be today under the following four scenarios: (i) the price of oil had stayed at $100 brl and the company had sold forward all 2015 production and for the first six months of 2016 at $100 brl (ii) the price of oil sank to $40 brl but the company had sold forward 2015 and the first half of 2016 production at $100 brl (iii) the price of oil had risen to $120 brl and no forward sales had been made (iv) the price of oil had risen to $120 brl and the company had sold forward the 18 months of production at $100 brl I think shareholders would have to admit that the price of the shares would, under each scenario, all be significantly higher than today’s share price with obviously (iii) being the best. QED!
borisdog2: could anyone point me in the direction of where I could get historical daily share prices ? I need the amer share price on 26th Jan 2015 Thanks in advance.
Amerisur share price data is direct from the London Stock Exchange
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