Share Name Share Symbol Market Type Share ISIN Share Description
Ascent Res. LSE:AST London Ordinary Share GB00BZ16J374 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.035p +2.98% 1.21p 1.17p 1.25p 1.225p 1.175p 1.175p 13,854,181.00 15:14:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.6 -4.1 - 11.97

Ascent Resources (AST) Latest News

More Ascent Resources News
Ascent Resources Takeover Rumours

Ascent Resources (AST) Share Charts

1 Year Ascent Resources Chart

1 Year Ascent Resources Chart

1 Month Ascent Resources Chart

1 Month Ascent Resources Chart

Intraday Ascent Resources Chart

Intraday Ascent Resources Chart

Ascent Resources (AST) Discussions and Chat

Ascent Resources Forums and Chat

Date Time Title Posts
02/12/201612:18Ascent Resources - Licenced To Thrill !2,853.00
22/11/201607:42ASt Overview-
18/11/201612:56WHY I THINK THERE WILL BE A BIDDING WAR FOR ASCENT RESOURCES..GET IN!14.00
25/8/201608:10Ascent Resources Plc CEO Colin Hutchinson Confident & Getting closer to first ga32.00
02/8/201608:49Ascent Resources29,757.00

Add a New Thread

Ascent Resources (AST) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Ascent Resources trades in real-time

Ascent Resources (AST) Top Chat Posts

DateSubject
03/12/2016
08:20
Ascent Resources Daily Update: Ascent Res. is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AST. The last closing price for Ascent Resources was 1.18p.
Ascent Res. has a 4 week average price of 1.27p and a 12 week average price of 1.22p.
The 1 year high share price is 8.53p while the 1 year low share price is currently 0.51p.
There are currently 989,542,004 shares in issue and the average daily traded volume is 6,226,143 shares. The market capitalisation of Ascent Res. is £11,973,458.25.
24/11/2016
11:03
stonefold: IMO they are dead money until they are converted. One advantage of keeping money in CLNs rather than shares is if the share price goes below 1.0p and the company somehow gets enough cash, then at least the CLN holders eventually get their money back. Henderson and others have during 2016 been happy to take the (20% to 30% rough approximate average profit) by converting to shares then selling. You consider this a tiny profit, but in an uncertain world, many tiny birds in the hand look better on an accounts ledger, than pencil marks in the margin about what may one day emerge from the bush.
27/10/2016
13:13
red rook: I see that the BOD have bought in to the placing. All of 50K between them! The only thing worse than no buy-ins from management in a massive placing is a token buy-in. If, as some continually suggest, its only a matter of a couple of months before AST massively re-rates and given that the BOD have an intimate knowledge of its potential, why have they not piled in as one would have expected. This would have been a perfect opportunity. They would have re-mortgaged their holiday villas or dug deep to their large pay packets and bought big. A 500K BOD buy-in would have been more like it. I have had AST on my watch list, but will wait to see how the share price reacts in the coming weeks. I suspect that after the initial ramps and euphoria die down it will drift to the placing price. If I miss a re-rate that's OK. On AIM there are always other opportunities
20/9/2016
11:44
darias: It is inconceivable that the company will be allowed to go under when it is so close to gas production but I accept that there are risks. I have sold up in the past when the share price collapsed on the basis that why was the company still trading. However, some years later, we are so close to profit I reckon that it is worth contributing to a rights issue if that becomes necessary. There is less risk in this company than, say, SXX who are many years from production with a greater capital outlay required. Yet look at the share price of that company. The directors have successfully fought of an enquiry from Cadogan who surely realised the value of the assets and can, I would have thought, raise funds to get them to production. Their view, (NB. "These funds are sufficient to fund current trading obligations of the Company until Q1 2017." and they intend to be in production in Q1 also note "continuing support of new and longer term shareholders"). " The financial statements of the Group are prepared on a going concern basis. During June 2016 the Company raised GBP1 million (GBP977,500 net of costs) in two separate equity placings. These funds are sufficient to fund current trading obligations of the Company until Q1 2017. On 1 August 2016 the Company announced that it had signed a gas sales agreement with INA, Croatia's leading Oil & Gas Company, to sell joint venture gas production at the Croatian border. Additional funds will be required to complete the capital programme required in order to make existing wells and facilities ready for production however there is currently no committed expenditure in relation to this programme. Additionally, the Company has GBP8.2million of convertible loan notes currently due for redemption on 19 November 2016. While the share price is currently significantly above the conversion price there can be no guarantee that all of the notes will have converted by the redemption date. As such the Company will require further funding to finance the capital programme in Slovenia and repay the loan notes as they fall due. The Directors have a range of different options including, but not limited to, new borrowings or new equity placings. However, there can be no guarantee over the outcome of these options and as a consequence there is a material uncertainty of the Group's ability to raise the necessary finance, which may cast doubt on the Group's ability to operate as a going concern. Further, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business. The Directors, however, remain confident of the Group's ability to operate as a going concern given the signing of agreements which give the Company a clear route through to first gas and in light of the significant recent support from new and longer term shareholders. "
01/8/2016
17:11
loobrush: rns Today Worth up to 18p ? Are these shares Its been a rocky ride to date in AST but todays good news should could see the the shares back up to a nore sensible value where they belong after todays RNS. What should the share price be. At the moment with 642 million shares in issue and the gas being valued at a an NPV of £168 Million + this equals a value of 26.31p a share" However there are also convertible shares in issue. If all these were converted to ordinary shares it would lower the value per share to 10.2p a share. Some or all of these shares could be converted instead of recieving cash back. So its more than likely the share value will be between the two values -lets say 18p. TEN TIMES todays price. So in my view ASCENT shares are very considerably undervalued.
26/5/2016
11:55
stonefold: CAD has never (publically) made an offer for AST. The RNS of 24 March 2016 stated: "...The Board of Ascent notes the recent rise in the Company's share price and announces that it has received a preliminary approach from Cadogan Petroleum. ..." Total AST shares then in issue 157,306,900 Total CLN's then outstanding £12,055,671.70 of convertible loan notes due in November 2016 which includes interest accrued. The various 'CAD Bid figures rumours' posted on message boards are made up guesses by posters. Which is fair enough. So if CAD was happy to offer 'using made up guess' of 4p a share back in 24-03-2016 That would mean that they valued the company at 4p x 157,306,900.00 = £6,292,276.00 (ignore any other debt) plus CLN's £12,055,671.70 Which is approx. total value for AST of £18,347,947.70 AST have not made any progress since then: They have fallen behind in their attempts to gain an IPPC They have not had any response from the Methanol plant owners. There has been no announcements of progress on the cross border plan. There has been no news of other potential partners or anyone interested in bidding for AST. But being kind, lets assume that CAD still valued AST at £18,347,947.70 Subtract the current debt (ignore any other debt) of CLN's £10,364,784 That leaves £7,983,163.70 to divide amongst the total shares now in issue of 348,171,442 which would give an offer to shareholders of 2.29p per share. But as CAD did not make an offer in March of 4p I doubt that they are likely to make an offer of 2.29p now (and certainly not 4p now) Plus why would CAD bother offering 2.29p now when they can buy in the market at 0.75p and lower as the shareprice is in a downtrend.
31/3/2016
20:46
luckyvince: So Cad put out their interest in AST when the share price was 1.95p and now they are with drawing at 6p. because the share price is now too high!! what did they think would happen? No one would take any notice!!! Something not quite right about that. It seems to me they want to pull the carpet out on the offer to send the price crashing and then come back with another Interested RNS, knowing the share price reaction wont be quite as strong 2nd time around. Just my opinion.
31/3/2016
06:43
loobrush: Loan note holders & NPV Even IF loan note holders converted their loan notes(hendersons to max 30% as RNS)they would only own 45% appx.of the company. The current NPV of the company according to Hendersons is £120 million. Therefore their 45% of £120 million would equal £54 million leaving the balance of £66.0 million or 42p per share for others shareholders. Today's share price is 7p-so to get to fair value of 42 per share the share price needs to rise by 6 TIMES. Even in this scenario the share price does not take into account that the two wells drilled also encountered oil and more significantly only two wells were drilled. Further wells may yet discover much more gas. That would be a huge bonus. Hendersons say that the NPV is £125 million What is NPV Net present value is a numerical calculation that shows the present value of an investment based on expected income from that investment in future years MINUS the cost of the project. So basically that is the net profit, which in this case one would assume would mean after payment of loans. As of today's date Ascent is valued at £11 million at 7p a share. Is that cheap compared with future profits of £125 million ?-what do you think. I think so
30/3/2016
23:56
faaz: goldust88 Posts: 517 Off Topic Opinion: Strong Buy Price: 7.05 View Thread (13)Info of interest-loan notes & NPVWed 22:55Loan note holders & NPV Even IF loan note holders converted their loan notes(hendersons to max 30% as RNS)they would only own 45% appx.of the company. The current NPV of the company according to Hendersons is £120 million. Therefore their 45% of £120 million would equal £54 million leaving the balance of £66.0 million or 42p per share for others shareholders. Today's share price is 7p-so to get to fair value of 42 per share the share price needs to rise by 6 TIMES. Even in this scenario the share price does not take into account that the two wells drilled also encountered oil and more significantly only two wells were drilled. Further wells may yet discover much more gas. That would be a huge bonus. Hendersons say that the NPV is £125 million What is NPV Net present value is a numerical calculation that shows the present value of an investment based on expected income from that investment in future years MINUS the cost of the project. So basically that is the net profit, which in this case one would assume would mean after payment of loans. As of today's date Ascent is valued at £11 million at 7p a share. Is that cheap compared with future profits of £125 million ?-what do you think. I think so Dz
30/3/2016
16:28
melpan: I don't normally post on these boards unless I feel there is something constructive to say but at the same time I do find some of the posters on here are very diligent and informative so would like to give something back. For full disclosure I have been a 5yr+ holder of the shares and have sold out at a huge loss (90%) today ( > £20k, bought 4p+ pre consolidation ie 80p equiv in today's terms). Some people on here have already mentioned it, but many are severely underestimating the dilutive effect of the CLN's. Henderson have stated that they would not like to convert but as far as I am aware this is not a statement they have legally signed upto. Circumstances can and do change and in loan agreements there are usually "Change of Control / Substantial change of business etc" clauses which effectively means all bets are off and any oral stipulations that they have made previously they would argue would certainly not hold. A takeover/merger would be such a change to trigger such clauses. I work in Finance in this environment and see documentation like this as standard amongst everyone in the city. Hence I think that this risk should not be brushed aside, it's not 100% but certainly not 0%. Furthermore, there is the greed element, a conversion of the CLNs at the current share price would yield a multiple return on their original loan investment (effectively made at 1p) so you can be sure that they are feverishly working behind the scenes to at least try and monetise part of this (there's no way the share price would hold steady if they tried to convert it all). Which also leads to the final point, they are probably forward selling their CLN exposure in order to hedge themselves and lock in some profit. A look at the huge trading volumes (compared to only 150m+ shares in issue) over past few days will show that its more than just buyers and sellers and intraday traders contributing to this volume, there is big seller in the background. And Henderson's own subsidiary Darwin who many of you will know, are extremely proficient in lending and then forward short selling in order to cover their exposure - the effect of their carnage is littered around the graveyard of AIM companies past and present. There are 157,306,900 ordinary shares in issue plus 1,205,567,170 CLN shares potentially that could be converted ie a total 1,362,874,070 on a fully diluted basis. At the closing price of 7.05p this gives a current market cap of £96m and not £11m as many people are quoting. I am not saying buy or sell but make your decision on the right information - mainly do you think this company is worth more or less than £100m ? Hope this helps a few people especially those caught up in the hype and more importantly the longer term investors like myself. Good luck to all.
06/10/2015
16:51
kulvinder: Harrissen, this news does not seem to have had a effect on the AST share price?
Ascent Resources share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20161203 21:54:42