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ANGS Angus Energy Plc

0.41
-0.015 (-3.53%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Angus Energy Plc LSE:ANGS London Ordinary Share GB00BYWKC989 ORD GBP0.002
  Price Change % Change Share Price Shares Traded Last Trade
  -0.015 -3.53% 0.41 4,535,637 16:35:21
Bid Price Offer Price High Price Low Price Open Price
0.40 0.45 0.425 0.425 0.425
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 3.14M -111.95M -0.0309 -0.14 15.21M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:21 UT 215,913 0.41 GBX

Angus Energy (ANGS) Latest News

Angus Energy (ANGS) Discussions and Chat

Angus Energy (ANGS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:210.41215,913885.24UT
11:16:100.42217,391908.04O
11:15:220.44160,630709.98O
11:14:240.44442,5681,956.15O
11:13:250.44553,6542,447.15O

Angus Energy (ANGS) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Angus Energy Daily Update
Angus Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker ANGS. The last closing price for Angus Energy was 0.43p.
Angus Energy currently has 3,621,860,032 shares in issue. The market capitalisation of Angus Energy is £15,211,812.
Angus Energy has a price to earnings ratio (PE ratio) of -0.14.
This morning ANGS shares opened at 0.43p
Posted at 16/4/2024 11:56 by jtidsbadly
1347: I don’t believe the trading data in Kansas. This has gone up on lots of tiny deals at increasing prices, which have met with much larger sells as the price has risen further. I’m at a loss on this information to understand what is driving the price up. And if sales are exceeding purchases, who is paying for the inflated prices being achieved by sellers?

Of course, a big placing may have been agreed and the placees may be selling their existing shares to make room for the new ones which will come at a lower price. But if so, who’s takng the shares they’re selling?

Incidentally, I see that Superdry appears to have lost about 95% of its value over the past year (and 99.75% over 5 years, if the Kansas chart is to be believed) and is in talks with its landlords and lenders re better terms. They’re also considering de-listing from AIM! GSA, who are short in Vast, are short there too.
Posted at 01/3/2024 07:46 by 1347
JT The writing was on the wall as soon as they took on the Bridge Loan Too Far and 'erbert dialled the floor price down to 0.40 p. It was either stupid or deliberate to get the share price down. Even I didn't expect them taking on the even bigger Arnhem loan without even paying the Nijmegen loan off and it told me things were worse then I thought and confirmed my thoughts as to why 'erbert had been installed.

Once it happened I predicted the steady decline towards 0.4p, the MMs duly obliged. The Jayhawkers should have figured it out, but they are none too bright and, as Simon and Garfunkel sang, a man sees what he wants to see and he disregrds the rest. So now the tune is the Sound of Silence. I don't expect Anguish Energy to be a Plc in the current form for that much longer, Trafigura want the storage to smooth out the long term LNG contracts they have negotiated and they are now in a position to aquire it, as and when it suits them, they would have no need for a failed Plc, just the site and a team to operate it.
Posted at 27/2/2024 17:25 by jtidsbadly
Dreadful for shareholders. I wish them good luck but agree with you 1347. You’ve been warning for a very long time about a low priced takeover following exercise of options/warrants etc. at a low price. I’ve gone on and on about the need for further big equity issues here. It’s done and dusted. I wonder how long it will take for the penny to drop and for the share price to reflect the reality.
Posted at 27/2/2024 10:49 by jtidsbadly
JA51: aren’t we past that now? Who’s going to convert warrants even at 0.40? Unless the gas price takes a big hike upward, what’s going to get the share price up yo justify conversion? Poundland is producing very little more with the sidetrack than it produced without it and at much greater cost The pressure in the depleted gas field is starting to fall. Big new capital spending will be required this year to counter the falling production for a while. The cost of this, added to running costs, will way exceed cash flow with the gas price where it is. The forward contract price falls into the 30’s in April for a few months. Yet more share placings will be needed. We’ll know more when the Accounts are published, though.
Posted at 22/2/2024 10:43 by iceagefarmer
what i like about this share is balcombe and brockham are not priced in..now we know brockham can boost share price to 40p so might be worth getting in now
Posted at 22/1/2024 19:16 by 1347
JT As I have mentioned several times now, 'erbert set the share price down at this price when he dialed the floor price at 0.4 p. He did it once with the Nijmegen loan at 1.0 p so went for the same stunt with the Bridge Loan Too Far. The MMs (of which WH Ireland, the company Broker is one) duly obliged.

In my view it's been cynically contrived (for some time I'd say) to allow related parties to take control without paying a premium at a rock bottom price and will then probably de-list. I can only assume that they see short term value in the gas, but don't want others to share the cake and long term value in the storage, gas then later hydrogen. Either way they don't want to pay much for Poundland. Prove me wrong. Usual disclaimers apply.
Posted at 19/1/2024 08:11 by 1347
So just tumbleweed on this BB now. Meanwhile time's up on the Bridge Loan Too Far and as I expected it has gone to the wire and the share price has been walked down towards the floor price of 0.4 p, in my view contrived and exactly as 'erbert and his major shareholders intended.

So what will it be now? A conversion at rock botton price giving Aleph a shed load of shares sufficient, along with Kemxon to do a back door takeover of Anguish Energy? Or will it get can-kicked for another 3 months, with an even lower floor price and more warrants and fees, no doubt paid by confetti shares.

Either way it seems to me it's close to game over for smaller shareholders, no value to be had here. All just my opinion but we'll see what happens on the next few bends on Snake Pass.
Posted at 12/10/2023 19:46 by 1347
JT I took a stroll over in Kansas today. They jayhawkers don't seem to understand why the share price is down when the gas price is up. When you bump into your close friend Offy Prof then can you ask him to explain that a 12.5% share dilution (even without the fees) does tend to drop the share price by around the same amount. Also that expensive pay day loans do tend to reduce company value. Also that millions upon millions of Warrants priced at the give away price of just 0.66p (or less) do tend to have a negative effect on the share price They do seem to struggle with these concepts.
Posted at 19/9/2023 08:44 by 1347
JT . I thought it odd that these Lender shares weren’t issued closer to the anniversary date of the actual Loan They Didn’t Need completion, which was on 3rd June 2021, especially as last year they were issued a bit early on the 24th May 2022. The Share Price on 3rd June 2023 was 1.15 p, now it is around 0.70 p.

The Bridge Loan Too Far was first announced on 30th June 2023 and the terms for that and the need for ‘Global Refinancing’(or as I call it: ‘the now you can borrow enough to get completely out of debt loan’) on 14th July 2023 and started to be drawn down from the 21st July 2023.

So instead of issuing the Lender shares on or around the anniversary date they delayed it for 3 months and then issued them at a deemed price of 1 p. Obviously since the share price is now around 0.70 p the delay means they are now under water (unless they were forward sold a while back).

However there’s another consideration, because of the terms of the Bridge Loan Too Far:

The Company will also issue 300 million 3 year warrants to ACL (or associates or parties nominated by ACL) at a strike of 1.5p per share, for which authority will be sought at the next general meeting of the Company. The warrant strike price will adjust to the price of any equity issued during the term of the Bridge Facility if such equity issuance is at a price which is lower than the Warrant strike price. The Company is not planning any issuance ahead of a refinancing.

They say they are not planning any issuance of shares ahead of a re-financing, however they have just done so and issued some and if I interpreted this correctly the 300,000,000 Warrants are now priced at 1.0 p rather than 1.5 p, although they rather conveniently don’t mention that do they? Have I interpreted this correctly in your view?
Posted at 23/8/2023 18:56 by 1347
HITS I expected it to drift down as insiders and other traders sold, helped by the fact that certain of them would benefit from a VWAP towards 1 p to get as low a conversion price as possible for the Nijmegen Bridge Loan. Once they'd achieved that I expected the share price to bounce as those conversion shares got foward sold (it helps a lot if the Company Broker is also a MM and certain large holders are not disclosing holdings in line with the FCA DTRs and are moving their holdings around to stay under the radar).

However 'erbert and/or Lucan, in discussions with those self same insiders, decided that wasn't enough pain and went for the Bridge Loan Too Far and set the dial at 0.40 p. Absolutely terrible deal for any non-insider share holders, as indeed all of their deals have been. It's no surprise to me therefore that it's now headed towards that target, although it may not get all the way there it will get low enough to have a conversion price of, say under 0.50, I reckon. Of course no-one is in any rush to close that deal because it's advantageous to let the share price drift down isn't it?

Oh then we have a new 'Global' Bridge Loan (ha, bloody ha) well they are hardly likely to get terms much better than the current loans are they, or if it's another CLN, a conversion price at a premium. Of course higher gas prices help the revenue but it just means they have more money to flow to certain entities doesn't it? I don't think anyone has paid sufficient attention to this, most are too focused on gas prices and name calling.

Effectively non insider shareholders are being wiped out here, most of them are too dull to see it though, despite that playing out over the history of the company since they took on the loan they didn't need. AIM, like the country itself, is simply too corrupt and manipulated to be taken seriously anymore, if it ever was.

All just my opinion of course, the normal disclaimers apply.
Angus Energy share price data is direct from the London Stock Exchange

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