Bowleven Share Discussion Threads

[bakedbean57] 14/12/2016 16:22

Wow that's An AGM!

[olieslim] 14/12/2016 16:18

Share buybacks prop up the share price to allow insiders to exit.

Any more benefits?

[bigsi2] 14/12/2016 16:17

Not good news !!

[leedskier] 14/12/2016 16:15

The Russian plot just gets murkier. Rather than Lukoil making a bid for the company the Russians do what the Chinese have been doing to acquire precious metals companies in Australia and Africa, to name but two Continents., namely taking a controlling interest and replacing the Board. They can then simply make a token offer to existing shareholders and delist. The assets of the company are then sold on making the buyer a fortune.

[hayfield] 14/12/2016 16:10

SELL SELL SELL

[gark] 14/12/2016 16:04

To add that is what the existing management should have done.

[gark] 14/12/2016 16:04

Buying stock reduces cash pile and forces price up. I assume CO want the cash and to pay for stock at a lower price. I would think they look to sell assets and pay cash back to shareholders. In effect they buy the company for the cash held and sell assets to gain a profit. Not much downside and significant upside.

[gray1107] 14/12/2016 16:02

Depends what their plan is...

[nick rubens] 14/12/2016 16:01

Might see CO increasing their stake yet. A bit of rebelling isn't a bad thing and they do own a decent chunk.

[kbrook] 14/12/2016 15:59

Not sure I understand the logic of stopping the buyback. Anybody explain?

[donpatrol] 14/12/2016 15:59

No its not getting pummeled, its just the volatility has sparked. Nothing to loose at current price, if CO want my shares they can pay for them. Let them make an offer now

[gark] 14/12/2016 15:57

Look at LSE for comments on AGM. Nothing new, management not doing much and no agreement on anything. If CO canvas for votes given the voting at AGM I think they can force them out.

[ifthecapfits] 14/12/2016 15:55

In the meantime the share price gets pummeled again. FFS - just when you think progress (SP wise) is being made.

Did anyone on here go to the AGM today? Comments/thoughts appreciated.

[gark] 14/12/2016 15:55

Looks like they voted against reelection of CEO and Chairman. Hold on to your seats. Action coming soon.

[donpatrol] 14/12/2016 15:53

Now that wasnt expected lol
looks like CO are showing there teeth now. They are out to get control of the Co.
Hold tight to those shares this is going to get good

[phowdo] 14/12/2016 15:53

share buyback suspended.
Should enable CO to mop up a load more shares sub 24p.

[gark] 14/12/2016 15:50

Looks like CO are getting serious and think we see more action to change management or see a takeover.

[leedskier] 14/12/2016 15:20

That is a long winded document to explain that the Company is on 'gardening leave' and because of that subdued activity was able to cut admin costs.

[alamaison5] 14/12/2016 15:13

Count Size Price

Ask Prices Price Size

Time Market Maker Size Price
15:06:00 25000 25.75
15:06:00 3609 25.75
15:06:00 2000 25.75
12:02:00 CNKS LO 30000 25.5
12:02:00 MACQ LO 50000 25.5
12:02:00 WINS LO 30000 25
12:02:00 CFEP LO 30000 25
15:04:00 30000 24.5
15:04:00 15000 24.5
14:59:00 15000 24.5
12:02:00 PEEL LO 15000 24.5
15:04:00 15000 24.5

Price Size Market Maker Time

26.25 3836 14:59:00
26.25 3632 14:59:00
27.25 30000 PEEL LO 14:15:00
27.5 30000 PEEL LO 15:04:00
27.5 15000 PEEL LO 15:04:00
27.5 15000 PEEL LO 14:59:00
27.5 15000 PEEL LO 12:02:00
27.5 15000 PEEL LO 15:04:00
28 50000 MACQ LO 12:02:00
28 30000 WINS LO 12:02:00
28 30000 CFEP LO 12:02:00
28.5 30000 CNKS LO 12:02:00

[alamaison5] 14/12/2016 15:07

BLVN: No buyback yesterday make sense.
Now the buyback in back in motion.
Today should see a huge UT or after trade figure.
Back in motion from tomorrow guys.
I doubt that there are many shares for sell on the market, lol.
The buyback is working. Wait until we break 28p...

[warbaby43] 14/12/2016 14:20

Must admit I hadn't seen THE letter until visiting the BLVN site to access the Presentation:



If the intention was to give some cover to Hart and seek to diminish the number of votes being cast against his re-election and that of Clarkson, then highly unlikely it has succeeded especially given the absence of any attempt to explain that $96.9m cash burn.

[phowdo] 14/12/2016 14:07

If only I could go long Etinde and short Hart...

[tli8jaguar] 14/12/2016 13:54

No, it's in the letter.

[targatarga] 14/12/2016 13:53

Wonder if KH will stop the buybacks after Thursday. The heat will be off by then!