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BNK Bankers Pet

125.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bankers Pet LSE:BNK London Ordinary Share CA0662863038 COM SHS NPV (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 125.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bankers Pet Share Discussion Threads

Showing 1 to 24 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
05/4/2007
06:54
Bankers Petroleum Ltd. (the "Company") - Director Shareholding AIM: BNK CALGARY, April 4 /CNW/ - The Company announces that on 4 April 2007 it
was notified that the following members of Bankers' Board bought the following
shares: Shares Total Number of Common
Director Bought Price Shares After Transaction
-----------------------------------------------------------------------
Ford Nicholson 100,000 CDN$0.57 15,267,800
DirectorFor further information: Suite 800, 906 - 12th Ave. S. W., Calgary, Alberta,
T2R 1K7, Tel: (403) 541-5346, Fax: (403) 245-5156
(BNK.)

chopsy
31/3/2007
21:47
OK found the Ts&Cs of the A series, the exercise price is 90 cents, for five years. BNK+ on the other hand, as I suspected has an exercise price of 40 cents, but I still don't know the expiry date. Any help here?
chopsy
31/3/2007
21:41
OK I found the charts right here on advfn. Now, who has the T's & C's? It looks like there are two series, and judging by the price action, BNK+ seems to have an exercise price of around 40 cents, and might be expiring sometime soon. The BNK+A seems to be recently issued, and seems to be flying. Just need to wait for a dip. Don't know if TDW will do it for me though.
chopsy
03/3/2007
16:37
Anyone know of a good site for canadian warrant charts? I'd like to include one for bnk.wta-tc in the header.
chopsy
03/3/2007
16:10
An aggregate of 36,042,858 units and over-allocation units were issued
for total gross proceeds of CDN$25,230,000. Each unit consists of one common
share and one-half of one common share purchase warrant. Each whole warrant
will entitle the holder to purchase one common share of the Company at a price
of CDN$0.90 for a period of five years from the closing date. The warrants
will commence trading on the TSX at market open on March 1, 2007 under the
symbol BNK.WT.A.

chopsy
02/12/2006
15:50
Problem is the exchange rate is now 2.26 so 30p was about right.
Friday's rise to 75 cents should give us some positive movement though.
Banker's have stated that they will define how they are going to move into gas production in the US by end of 2006. This is the key factor which will move this share one way or the other.

gippy
01/12/2006
08:28
68 cents on the TSE and we are sat at 30p. Someone wake up the market makers, we should be looking at 34p mid.
spiv 1
02/10/2006
06:54
Must be news due soon maybe spiv ? any idea's
jimarilo
02/8/2006
16:07
That's better.
spiv 1
02/8/2006
12:18
Bankers now well above 80 cents in canada so shares should be over 40p in the uk. I hope the mms will wake up soon.
spiv 1
30/6/2006
07:59
Gippy - just found this in Resource Investor. I don't hold the stock, but you could of course look to buy n a contrarian basis?!

What's Happening to Bankers?

By Michael J. DesLauriers
23 Jun 2006 at 06:15 PM EDT


TORONTO (ResourceInvestor.com) -- Investors that follow RI are probably familiar with the Palo Duro shale play in Texas. There are a number of Canadian listed juniors operating in the area, every one of which has seen its share price come off significantly in the last six months. Most notable amongst these is Endeavour Financial backed, Bankers Petroleum [TSX:BNK]. Shares in Bankers closed the day at 68 cents, well off their C$1.98 high, and seem to be in absolute freefall.

What's the Problem?




Bankers has lots of cash, as the institutions that took down the stock at a buck and higher are no doubt painfully aware. The company also has a massive land package in the Palo Duro, where initial drilling seems to have the company on track, and indicates the potential for a company-making, Barnett sized reserve. In Albania, Bankers' production is steadily on the rise and the company is aiming for 10,000 – 15,000 bpd in the next four to six years.

Let's have a look at the company's share structure. According to the latest numbers the company has 404 million shares outstanding and 443 million shares fully diluted.

Despite the fact that Bankers is currently producing north of 3,000 bpd in Albania, their cash flow is paltry. This is a result of high costs, high royalties and taxes and laughable netbacks.

In the Palo Duro, while good things would appear to be happening, time is certainly not on your side, and shale gas will clearly always be discounted in any valuation or buyout scenario.

Furthermore, the work is extremely expensive. An industry insider told RI that Bankers is having all sorts of difficulties with their equipment, and effective extraction technology is far from a given at this point.

Valuation

At today's close of 68 cents, BNK has a market capitalization of C$275 million. Apart from the fact that there is nothing going on to get and keep investors excited, the market cap is the simple answer to the question: What's the problem? Albania doesn't come anywhere near justifying the current market valuation, and the value of Palo Duro is more or less in the eye of the beholder, at least for the time being.

Nobody wants to pay that much when everything is years away and there is nothing to get excited about now. Moreover, should everything actually pan out for Bankers in the Palo Duro and Albania, what's the most that you might make on your money, five years hence? A triple of quadruple if all if the stars align?

Conclusion

Those of you that follow your correspondent's work are aware that the resource sector is currently offering those types of returns on a number of quality vehicles in a much shorter time frame and with a much higher degree of certainty.

The path of least resistance for Bankers is to remain lower, because even at these levels shares in the company are too expensive based on what you can see and what you can't see. More importantly, the sector is rife with product, and the opportunity cost of holding Bankers makes no sense on a relative risk to reward basis.

wassapper
27/6/2006
21:00
Can't understand why the share price is falling away so much. Very positive RNS today regarding the shale developments in the US and I hear that Albanian production is exceeding targets. The director who dumped a load at 95 cents obviously knew it was coming, I wish I had followed suit but the spread over here takes away any real opportunity to trade in and out. Still, one to tuck away and forget about for the time being and hope we can all look back in a few years and realise we made a sound investment?
gippy
12/5/2006
09:15
Wow Canada finished at $1.18. Equates to 59p. Wake up London mms and move the price to reflect this please!!
spiv 1
26/4/2006
22:10
Agreed Gippy. Placings always bring along a few shorters who try to take advantage of the dilution but now that has cleared we should see the share price a lot higher. The important thing is what happens in Canada. AIM just mirrors the moves there. CAN$1.11 is approx 55p so should see a nice mark up tomorrow. The most encouraging thing of all though is the big volume traded in Canada in the last few days (over 4 million shares this evening). Clearly there are some sizeable buyers over there.
spiv 1
26/4/2006
21:20
Up 11% to $1.11CAN today so must tick up on AIM tomorrow. Still little interest here , I suspect the quoted 10p spread puts many off. You can get inside it but 6 - 7p spread is still criminal.
The huge increase in acreage announced this week in shale gas in the US has to be very good longer term despite another small dilution to help fund it.
Obviously the smart money knew another dilution was coming but now that's out of the way and if we get some good test results from the first well in May we could be on our way.

gippy
26/4/2006
10:02
Movement at last. Uk share price is lagging a bit behind as finished at $1CAN yesterday which equates to about 50p.
spiv 1
05/4/2006
16:58
Agreed Gippy. Positive announcement today though and looks like lots of drilling news to come in the next couple of weeks. I think the hedge funds have had some fun shorting this one in Canada on the back of the placing dilution but some positive drilling news could see them squirm to close positions and a big hike in the share price Failing that then yes a long haul until Texas comes into production (I suspect it will be worth the wait though).
spiv 1
31/3/2006
21:45
Albanian deal signed today together with good results and ambitious plans for the future. The gas shale in Texas is the main play for this one though and no revenues expected from this field in 2006.
This share is barely traded on AIM with little UK interest at present.
Canadians have not got exited tonight either so could be a long haul on this one.
Long term potential is good IMHO.

gippy
01/3/2006
09:37
nice tight spread on these 50-60p
its the oxman
20/2/2006
22:59
Bankers now trading at CAN $1.11-1.12 which is substantially above the current AIM price. Think we will see a tick up tomorrow.
spiv 1
16/2/2006
21:11
Am picking up a few of these in the fund raising at 50p. Am told price has been driven down by hedge funds shorting as apparently it was a bit of an open secret that the placing was coming. Am also told that hedge funds are not going to be picking up shares in the placing so may havee to close positions in the open market. If this proves to be the case expect an aggressive upwards price movement.
spiv 1
13/12/2005
18:41
Just noticed there was only 2 trades today ......a very large 1.8m "X" trade at mid price........(was it a buy or sell?) is there more action to come over the next few days it will be interesting
bots24
13/12/2005
18:34
Bankers have just released after hours RNS to say they have spudded there 1st well in USA.

Will the share price try another run up to the 90p range during the drilling period of 30 to 45 days ?

Plus they are also "producing oil" from a small field in Albania.........

bots24
13/12/2005
18:33
Managed to create 2 discussion boards even without a drink !!
bots24
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1

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