Share Name Share Symbol Market Type Share ISIN Share Description
Aminex LSE:AEX London Ordinary Share IE0003073255 ORD EUR0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.075p -1.75% 4.20p 4.15p 4.25p 4.275p 4.15p 4.275p 2,353,137 12:47:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.0 -2.1 -8.1 - 153.03

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DateSubject
23/9/2017
09:20
Aminex Daily Update: Aminex is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AEX. The last closing price for Aminex was 4.28p.
Aminex has a 4 week average price of 3.90p and a 12 week average price of 2.60p.
The 1 year high share price is 7.69p while the 1 year low share price is currently 1.66p.
There are currently 3,643,458,062 shares in issue and the average daily traded volume is 3,852,218 shares. The market capitalisation of Aminex is £153,025,238.60.
20/9/2017
07:13
greyingsurfer: If you are looking for the sort of short term share price movements Ron complains about then, yes, drilling news is likely to be one of the drivers.However, if we are talking about AEX as a long term investment, as a company with significant reserves that are currently significantly undervalued due to the uncertainties about the timescale of monetisation, then acceleration of gas use is highly significant.Certainly there is room for short term upside from drilling announcements, and the possibility of that being maintained in case of drilling success, but what AEX has that there is certainty about are gas reserves and the knowledge that they will be produced at some time. Increasing clarity about when, which will come, though only over a period of time, will lead to a significant rerating.Peter
18/9/2017
13:55
ronwilkes123: Peter with all due respect I'm not the one who's turned aminexs share price into a circus that can double in the space of 5 mins. I would be more than happy with aex back at 2p with the froth removed, whilst I build my position. Too much in the know rubbish on here.
28/8/2017
13:26
bunbooster2: Regarding the share price the outcome of the mooted Swala-Orca deal is going to be a significant piece of news (which doesn't seem to be garnering much interest on the boards for some reason). They talking up to 130 million USD for a minority stake. So the final price and percentage will allow us to put fair figure on the worth of AEX. In Tanzania we've only seen offshore sales and Solo taking a small stake in KN-1. We've also seen Tullow and RAK just walk away from Aminex assets for zero. So a major 100+ mill deal will be very telling.
01/6/2017
14:14
edgar222: Peter There is an awful lot of cobblers around at the moment. Take, for example "Why buy when the price keeps dropping though? Better to sell raise funds and invest in a rising share." That is just Bun pulling our legs but others believe it. No one wants to buy a falling share. So obvious it does not need to be stated. But no one can predict short term movements. No one. All the PI can do is come to a valuation on the evidence available and decide whether the share price offers value now or forward looking value. On that basis I think this share is now worth circa 8p and on N3 confirmation of drill and target size (2TCF) it is worth 12p. On N3 being successful it is worth a lot more. That is how I have made money here. By having the courage of my convictions and buying when the world was selling. Not bleating about PR and the BoD who are doing an amazing job. Another thing that is so obvious it should not need to be said: the BoD cannot control short term share price movements, they can only control the longer term trajectory by being good at what they do.
09/3/2017
08:37
tournesol: Contrary to the outrage and bewilderment from the tartan army, The disconnect between the share price and reality did not occur yesterday/today. It occurred prior to the RNS when the share price rose beyond the valuation likely to be justified by imminent events. Of course it is possible or even probable that in 2 years time AEX's assets will be worth 20p per share but that is beyond the event horizon of the market. The market looks at small E&P's in the context of value now and next week/month not in 2 years time. The valuation models used by analysts are available for all to see. I posted an outline on this thread recently and adjusted the numbers to factor in a good outcome at N-2. That produced a valuation of 4.4p That does not include any improvement in the value attributable to the updip potential which will be tested at N-3, but we need more info before we can revisit that. Right now it's potential rather than actual. So until we hear from AEX that the results at N-2 change the prognosis for N-3 we are stuck with the 4.4p figure as an estimate of current value. Instead of whinging about it, let's recognise that's a heck of an improvement over the sub 2p figure of last autumn. And if you're a long termer then you just need to be patient a bit longer. In any event it is futile to berate the market, other investors, MM conspiracies or the writers of RNSs. If you've mismanaged your investment in AEX shares, it's not their fault. It's yours.
09/3/2017
08:09
haggismchaggis: Decoding the "significant success" reported by Aminex and Solo OilThe companies says Ntorya-2 represents a better-than-expected result, but, both shares are down almost 20% - here, we take a closer look.Looking at Aminex plc (LON:AEX) and Solo Oil PLC (LON:SOLO) following the release of test results from the Ntorya-2 appraisal well its quite plain to see there's something of a disconnect between the companies and the stock market's view.Aminex and Solo this morning told investors of the Tanzanian well's "significant success".Ntorya-2 has, according to the partners, proved the commercial merits of the gas discovery and has set them on a path to production.Nevertheless, Aminex and Solo Oil shares each tumbled almost 20% in Wednesday morning's deals.Here, we attempt to decode this morning's announcements and the reasons for the share price fall.What was the result?The Ntorya-2 well is located some 1.5 kilometres from the original Ntorya-1 discovery well and it has intersected a much larger gas reservoir zone.Flow testing was impeded somewhat by technical issues, nonetheless, the well testing yielded a rate of 17mln cubic feet of gas per day, which would be 2,833 barrels oil equivalent per day."The overall results of Ntorya-2 have substantially exceeded Aminex's expectations and now we have the potential for a commercial development project in the Ruvuma Basin," said Aminex chief executive Jay Bhattacherjee.Technical problemsThe obvious source of shareholder dissatisfaction comes from the fact that technical problems limited the partner's ability to fully measure Ntorya's production capacity – in fact, Ntorya-2 flowed at a lesser rate than the previous well (albeit under different operating conditions).During drilling there was a significant influx of gas into the well, and as a result the company had to adapt which resulted in constricted gas flow during testing.Specifically, Aminex explained that it had to increase the drilling mud weights due to the "strong gas influxes" so that they could maintain well control and operate within safety parameters.Subsequently, the higher than planned mud weights resulted in reservoir invasion which tempered overall test performance.The upshot is that the gas flows measured by the appraisal well do not properly represent the extent of what could be possible at this well location.For context, the Ntorya-2 well cut in a much larger pay zone than the original discovery yet its flowed gas at a lower rate.The new appraisal well encountered some 51 metres gross reservoir (34 metres were perforated) whereas Ntorya-1 tested only a four-metre interval and yielded 20mln cubic feet per day.Aminex told investors that Ntorya-2 would be suspended for future production.The burden of high expectationsWhen considering the share price response to Wednesday's news it is probably important to note that the results were hotly anticipated and expectations have been building for a number of months.Speculation frequently coincides with expectation, and as such trading in Aminex and Solo Oil shares has been brisk in the weeks and months leading up to the Ntorya-2 well.Aminex shares, for example, had risen almost 250% - to 6.84p from 2p - in the three months before today's well results.  Similarly, Solo Oil shares were up about 180% in the same period.One could probably deduce then that at least a portion of Wednesday's sellers simply closed out speculative trades as the nuanced well result took momentum out of the shares.What comes next for Ntorya?Aminex highlighted that there will now be a period of analysis, which will guide what happens next.The partners will have to reconcile the findings of the Ntorya-2 well and the previous Ntorya-1 data, and in time they'll likely come up with a new estimate of the project's resources.The presence of oil shows in Ntorya-2, whilst plainly good news, will also give some more pause for thought. This part of east Africa is already known to be host to vast gas resources, with major offshore discoveries providing the basis of significant LNG developments, but, oil discoveries have been elusive and are something of a holy grail for exploration geologists studying the area.Aminex intends to revise the geological model of the onshore portion of the basin, to account for the apparent evidence that oil is present in the vicinity of Ntorya.With the phase of desktop work, the partners will draw conclusions that will be used for the next programme on work in the field. A third well will be planned, with the location determined based on the upcoming assessments.Meanwhile, as Aminex highlighted, the Ntorya-2 well is being suspended as a future producer.Given the proximity of gas export infrastructure to Dar es Salaam, Tanzania's capital, investors will be keen to hear more about the possible timelines for revenue-generating production from the project.Former Solo Oil chairman David Lenigas, meanwhile, has suggested that some corporate activity could potentially follow the latest Ntorya well result."Ntorya -2 successful test will probably make the Oman shareholders of Aminex look at now consolidating the whole AEX and SOLO play. IMHO," Lenigas told his six thousand strong list of followers on Twitter.http://www.proactiveinvestors.co.uk/companies/news/174463/decoding-the-significant-success-reported-by-aminex-and-solo-oil-174463.htmlLast summer, Aminex brought in £19.5mln of new capital – which funded Ntorya-2 – with a share placing including a new cornerstone investor, Eclipse Investments, which is part of Oman's Zubair Corporation.Putting in around £13mln, Zubair took a stake representing around 28% of Aminex
22/2/2017
14:25
rich2006: Nsk1 I agree that posters do not normally affect the overall share price However posters can affect how others perceive the company and its potential. E.g Ngms posted he saw 4p as originally fully pricing in Nt-2. How many readers of that post sold at 4p. Now he is saying the share price is getting ahead of itself at 6p, So again how many people have reacted to that. Answer Who knows, not me. Now I don't blame Ngms for peeps selling or buying for that matter, if they take his views literally and act upon it then imo that's their decision more fool them, but none the less people do react to some posts made on bulletin boards. It is these individuals that are affected by the posts not the necessarily the share price. Whether intentionally or not Ngms imo always puts a negative slant on virtually any board I have seen him post on and I have no doubt whatsoever that some people have reacted/sold due to his posts. His valuations are his valuations and with the benefit of hindsight most tend to be on the low side, which is not necessarily a bad thing, but if peeps react to his posts then they potentially are selling themselves short. There is such a thing as conditioning, now I'm not suggesting this is what ngms is doing, but conditioning is a fact.
22/2/2017
13:43
nsk1: What always amazes me is people on BB boards seem to think they have any influence on the share price ...we as Pi's are insignificant, the share price will not rise or fall because of posts on these boards. Rampers & derampers are merely speculating & guessing at share price rise/fall as they are not privy to any information that the rest of us don't already have access to.
15/2/2017
19:17
haggismchaggis: Tidy 2, it's easy to compare AEX vs SOLO as far as Tanzania goes. SOLO have other prospects but when Tanzania news alters the share price of both companies there are some things that investors should base the relative share prices on.AEX 3,799,983,062 shares, fully diluted. Gets 75% of Ruvuma gas and subsequent revenues. SOLO 7,399,144,459 shares, fully diluted. Gets 25% of Ruvuma gas and subsequent revenues. So realistically, if AEX went up 7.5%, SOLO should only go up 2.5% based on the value of the discovery. For spread bettors and those buying the stock, the higher percentage wins.Any dividends in the future? AEX holders have about half the number of shares and 3x the revenues, so AEX dividends could be up to 6x what you would get at SOLO.
21/10/2016
06:16
whites123: MAYA : Mayair Proof. 14:56:18 96 2,194 2,106 14:29:15 96 5,202 4,994 14:20:45 96 5,000 4,800 The net result of those trades is that the NMS has stayed same.. 100 share buy max online (Has to go fill or kill or call broker) 10,000 share sell can be completed online. Market has zero stock at all and company wishes to buy 4,000,000 shares The buys above had the effect of changing the sell price from 91p to 97p in an instance. Its going to pop and keep going whilst the company executes its mandate to buy shares to the value of £5,500,000. Are you in or out? MAYA : Mayair The small trades today bought are only heading one direction, and that is further share buy back from the company. 10,000 shares.... In the grand scale of things is absolute peanuts, but its all the company can do rather than create a huge spike northwards. With a mandate to spend a further £5,500,000 on share buyback program it now equates to a price well north of £1.50 payable as an average. More bought lower than this equates to more being purchasable at a higher price than this. DYOR etc etc as the caveat always says, but rare to see such a potential squeeze occurring and allowing humble PI's like us an opportunity to ride the wave. Analysts targets of £1.74 likely to pale into insignificance. MAYA : Mayair. A little more liquidity. :-) A coupld of small sells have come out. Now who on earth will buy them?? O yes, MAYA will buy them as part of the authorised share buy back program. Unless someone can nip in and grab them first. :-) 2 orders placed for 5,000 share and 5,000 shares Holding 20,000 shares already. Its all going fill or kill. 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.
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