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BNK Bankers Pet

125.50
0.00 (0.00%)
19 Apr 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 Shares Traded Last Trade
  0.00 0.00% 125.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 125.50 GBX

Bankers Pet (BNK) Latest News

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Bankers Pet (BNK) Discussions and Chat

Bankers Pet Forums and Chat

Date Time Title Posts
12/1/201812:40BANKERA -Banking for the Blockchain Era1
29/9/201615:28(BNK) Bankers Petroleum. The Next BP226
06/7/201121:37Bankers Petroleum: AIM and TSX23
17/9/201009:50First Well Spudded on 13 Dec 051
10/3/200812:09Bankers Petroleum Ltd - DATA1

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Bankers Pet (BNK) Most Recent Trades

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Bankers Pet (BNK) Top Chat Posts

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Posted at 06/4/2016 07:45 by dukedosh
Albania-focused heavy oil producer Bankers Petroleum Ltd. (BNK) added five cents to $1.83 on 2.08 million shares, after releasing an operational update for the first quarter and trying to boost investor confidence in its proposed takeover offer from China's Geo-Jade Petroleum Corp. Geo-Jade offered $2.20 a share on March 20, but the stock, though it jumped up eagerly from around $1.10, has since stayed stubbornly around $1.80, demonstrating shareholders' skepticism that the offer will go through. Geo-Jade is a difficult buyer to assess. Its shares were in a trading blackout from Sept. 18 to today, apparently because the company has been working on a "material restructuring" (according to Chinese-language documents). The restructuring was announced with and includes the $575-million Bankers deal, as well as the 8.2-billion-yuan (about $1.6-billion) acquisition of a Shanghai investment company, partially financed through a proposed equity financing for up to seven billion yuan. The risk that Geo-Jade will not be able to complete the financing seems to be the largest stumbling block Bankers' investors. Bankers has not really addressed that risk; today's update merely said that the parties "have commenced preparation of the various applications for the necessary regulatory approvals." The regulators are not what investors are worried about. They should get a chance to learn more about Geo-Jade and its financial abilities at Bankers' special meeting to vote on the deal, scheduled for May 31. Bankers wants them to vote in favour. If everything works out, the deal is expected to close by the end of June.

Meanwhile, operationally, Bankers had a quiet first quarter, producing 17,363 barrels of oil a day. This is down from 19,767 barrels a day a year earlier. The drop was no surprise, seeing as Bankers suspended all drilling activity at the end of last year because of low oil prices. It has focused so far this year on its EOR (enhanced oil recovery) programs and a few infrastructure projects that are intended to reduce operating and transportation costs.
Posted at 23/3/2016 10:49 by linton5
Here's hoping mate at current exchange rate now £1.18 is deal price
Posted at 23/3/2016 10:39 by wigwammer
Agree Linton,They are paying a fair price for these assets, not an extravagant one.Now the company is in play, there is a possibility that a rival bid arrives.
Posted at 21/3/2016 09:25 by linton5
Get in there ya beauty. Well done BNK
Posted at 07/12/2015 11:54 by fangorn2
@Dukedosh.

Concur with your assessment

"Mafia style tax bullying going on here. I wouldn't be surprised if the Albanian government re-visited the other years of tax returns, once they win the 2011 row. Could be the tip of an ice berg."

So bargepole for me too.

"I once considered this a safe haven stock and a good play dancing to the tune of the oil price. I wouldn't touch this one trick pony with a barge pole currently."

Was the main reason I was looking at it as well....and its not a company that had a lot of BB activity,another good sign.
Posted at 04/12/2015 19:34 by dukedosh
There's much more to this than the balance sheet bozzy_s.

Mafia style tax bullying going on here. I wouldn't be surprised if the Albanian government re-visited the other years of tax returns, once they win the 2011 row. Could be the tip of an ice berg.

I once considered this a safe haven stock and a good play dancing to the tune of the oil price. I wouldn't touch this one trick pony with a barge pole currently.

Seeing the writing on the wall, the company are already seeking diversity in Hungary. In the meantime, I wouldn't be surprised if the Albanians nationalised BNK. Their words point in that direction and they have history in this area already.

Take care.
Posted at 04/12/2015 18:59 by bozzy_s
Spotted this on % losers board today.

Looks like a good RNS and shares unsuspended on TSX, which is the place to trade because of a decent spread of 1.19-1.20, instead of the ridiculous spread quoted in London.

Must say I like the look of these. Profitable, cashflow positive even with low oil price, some oil sales hedged at above today's price for 2016, minimal debt, trading at about 1/5th of it's net tangible asset value.
Posted at 06/6/2014 17:06 by billy_buffin
'Bankers has 232 million barrels of proved and probable reserves valued at $2.2 billion. That works out to $9.72 a share -- more than 50% above the current price around $6.25.'
Posted at 02/5/2014 10:58 by malkiel
Analysts at Dundee Securities increased their target price on shares of Bankers Petroleum (TSE:BNK) from C$7.70 to C$7.90 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a "buy" rating on the stock. Dundee Securities' target price would suggest a potential upside of 43.64% from the company's current price.
Posted at 01/5/2014 10:05 by malkiel
Bankers Petroleum Operational Update for the First Quarter 2014
Production, Sales and Oil Prices
Average production from the Patos-Marinza oilfield in Albania for the first quarter of 2014 was 19,911 barrels of oil per day (bopd), 3.2% higher than 19,303 bopd in the fourth quarter of 2013.
Oil sales during the quarter averaged 18,435 bopd, 6.5% lower than the previous quarter average of 19,710 bopd as a result of the final export cargo of the quarter slipping into the second quarter due to weather delays. The crude oil inventory at March 31, 2014 increased 43% to 444,000 barrels, 133,000 barrels higher than 311,000 barrels at December 31, 2013.
The Patos-Marinza first quarter average oil price was approximately $87.35 per barrel (representing 81% of the Brent oil price of $108.22 per barrel), as compared with the fourth quarter average oil price of $85.71 per barrel (representing 78% of the Brent oil price of $109.27 per barrel).
Bankers Pet share price data is direct from the London Stock Exchange

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