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LEN Leyshon Energy

4.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Leyshon Energy LSE:LEN London Ordinary Share VGG5476A1049 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 4.00 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 4.00 GBX

Leyshon Energy (LEN) Latest News

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Leyshon Energy (LEN) Discussions and Chat

Leyshon Energy Forums and Chat

Date Time Title Posts
16/7/201907:55Leyshon Energy life after death2,398

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Leyshon Energy (LEN) Top Chat Posts

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Posted at 21/1/2015 07:43 by trade75
PA owns 12.5% of company(31m shares) , so he is the one most concerned about share price I'm not worried at all. I think we'll get more money than the current share price anyhow. Cash is more than 4P and we have the asset too on top of that.
DYOR
Posted at 13/1/2015 19:42 by papillon
I was tossing up, on friday, whether to buy FAST or LEN. Both were selling at a similarly very large discount to their cash and both companies were talking of returning their cash to shareholders if they couldn't find something suitable to invest in. Unfortunately I chose FAST, primarily because the share price dropped sharply on Friday due to a large seller! Such is my luck! However I think what has happened today with LEN could easily happen with FAST sometime this year. If so then I will make around a circa 50% return on my FAST investment. However if FAST do find something suitably cheap (in the present climate for oil) to invest in then the Market, if it likes the deal, could very well re-rate the shares anyway. I see FAST as a low risk investment as was LEN last week.
Posted at 13/1/2015 12:41 by papillon
I see LEN has given up, is de-listing from AIM and is returning all it's cash to shareholders. LEN share price up circa 50% today on the news. Come on FAST and do the decent thing and return your cash to shareholders!! Lol.
Posted at 13/1/2015 10:31 by sos100
rvsy38
13 Jan'15 - 09:03 - 2290 of 2299 0 0

A poster on the Soco International board has given the fall in the share price of various oil companies over the last 5 years :

Premier 53%; Tullow 70 %; Salamander 75% ; Afren 60 %; Cairn 59% ; BG 30 %;
BP 35 %; Bowleven 67% ; Northern Petroleum 92 %.

At the end of 2009 Leyshon Resources share price was around 8.5p but in the last 5 years it peaked at 25p and was considerable higher than 8.5 p for long periods.

Those complaining about the board should perhaps examine their own investment strategies.


not sure why you defend the board so much.If the basin is so complex should have returned cash long ago.
Posted at 13/1/2015 09:03 by rvsy38
A poster on the Soco International board has given the fall in the share price of various oil companies over the last 5 years :

Premier 53%; Tullow 70 %; Salamander 75% ; Afren 60 %; Cairn 59% ; BG 30 %;
BP 35 %; Bowleven 67% ; Northern Petroleum 92 %.

At the end of 2009 Leyshon Resources share price was around 8.5p but in the last 5 years it peaked at 25p and was considerable higher than 8.5 p for long periods.

Those complaining about the board should perhaps examine their own investment strategies.
Posted at 05/12/2014 14:36 by socktrade1
" bad news" if there is bad news they will buy back shares.. common sense, even after the interim programme cash remaining will be circa $20m, over 5p , so i cant see this dropping much even with bad news as we have alot of cash and they will most probably buy back shares.. Im sure they are working on a deal, they bid on 3 assets but were not successful, alot of people here seem to think the BOD are idiots, i disagree, i would rather they take their time and buy a decent asset for a cheap price instead of paying over the odds, look at lrl, quite for months and then they get an acquisition, if it was not suspended the share price would have easily multi bagged. Look at other companies on AIM, issuing shares at every opportunity, PA has not done this with this company and we have a low amount of shares in circulation, i believe he has over £500k worth. $25m in cash with an share price of 2p and a market cap of £6m is just silly, i strongly believe we will see 12p, after all 12p is merely a 30m market cap which is not a lot given the cash and potential acquisition.
Posted at 12/9/2014 15:01 by mayroad2
SOS - RNS on 8th July - hopefully this helps

TIDMLRL TIDMLEN

RNS Number : 6719L

Leyshon Resources Limited

08 July 2014

LEYSHON RESOURCES LIMITED

8 July 2014

DEMERGER TAX COST BASE APPORTIONMENT

Leyshon Resources Limited (AIM/ASX: LRL) ("Leyshon Resources" or the "Company") provides the following information to the Company's Shareholders in relation to the demerger of Leyshon Energy Limited (AIM: LEN) ("Leyshon Energy") through a return of capital by way of a pro rata in-specie distribution which was completed on 23 January 2014. On the Record Date of 14 January 2014, Leyshon Resources Shareholders received one share in Leyshon Energy for each Leyshon Resources share held.

The potential taxation consequences of the distribution are described in Section 3.15 of the Explanatory Memorandum that accompanied the Notice of Meeting dated 9 December 2013. The Company has not applied, and does not intend to apply, for a class ruling from the Australian Tax Office in respect to the In-Specie Distribution. The purpose of this announcement is to provide guidance to the Leyshon Resources Shareholders of a reasonable apportionment of the Capital Gains Tax ("CGT") cost base in their Leyshon Resources shares between their existing Leyshon Resources shares and their Leyshon Energy shares acquired through the demerger.

The following summary only applies to Australian resident Shareholders who, as of the Record Date, held their Shares on capital account for tax purposes, and not on revenue account, and are not subject to the taxation of financial arrangements rules in relation to gains and losses on their Shares; and to non-Australian resident Shareholders who, as of the Record Date, held an interest in the Company of 10% or more.

Applying Demerger Relief

Australian resident Shareholders who choose demerger relief will ignore any potential capital gain from the return of capital and apportion the cost base of their Leyshon Resources shares between those shares and the Leyshon Energy shares they received. The apportionment is based on a reasonable approximation of the market values of Leyshon Resources shares and Leyshon Energy shares just after the in-specie distribution. Leyshon Resources considers that at the relevant time, the value of Leyshon Energy shares distributed represented 80.29% of the total value of Leyshon Resources and Leyshon Energy shares. This apportionment has been calculated based on volume weighted average price (vwap) calculations for the first five trading days for the two entities after completion of the in specie distribution. The ATO has accepted this methodology in similar circumstances as outlined in publicly available ATO Class rulings for similar transactions.

The following examples illustrate the way in which demerger relief would apply.

Example:

You held 200,000 Leyshon Resources shares at 14 January 2014 for which the cost base was $20,000 (10 cents per share).

You received 200,000 shares in Leyshon Energy in the distribution.

The cost base of your Leyshon Energy shares will be 80.29% of $20,000, which is $16,058 or 8.029 cents per share for the Leyshon Energy shares.

The cost base of your Leyshon Resources shares will be reduced to 19.71% of $20,000, which is $3,942 or 1.971 cents per share for 200,000 Leyshon Resources shares.

On a future disposal of the Leyshon Energy Shares, certain Shareholders (such as individuals and complying superannuation funds) may be entitled to a CGT discount if they have held their Shares for at least 12 months. For these purposes, Shareholders can treat their Leyshon Energy Shares as having been acquired on the date that they acquired the corresponding original Leyshon Resources Shares.

Not Electing Demerger Relief

An Australian resident Shareholder who does not choose demerger roll-over relief will have the same tax consequences as a Shareholder who does choose demerger roll-over relief, except that any capital gain arising to the extent the In-Specie Distribution exceeds the Shareholder's CGT cost base of the Shares will not be disregarded. Shareholders may be entitled to discount CGT treatment. Shareholders should seek appropriate tax advice to determine the application of the CGT discount in their specific circumstances.

If the In-Specie Distribution does not exceed the CGT cost base in the Shares, no capital gain will be made. Shareholders will not make a capital loss as a result of the return of capital under the Demerger.

Shareholders who are not residents of Australia

Shareholders who are not residents of Australia for income tax purposes will generally not have any Australian CGT implications under the Demerger, unless their shares represent "taxable Australian property". This will generally be the case where:

(i) they (together with associates) hold an interest in the Company of 10% or more at the time of the In-Specie Distribution or for a continuous period of at least 12 months in the 24 months immediately preceding the In-Specie Distribution; and

(ii) certain other conditions relating to the underlying assets of the Company are satisfied.

As such, if non-resident Shareholders do not hold, or have not held, an interest in the Company of 10% or more as described above, they should not be subject to Australian CGT under the Demerger. If they do hold such an interest, they should consult their tax adviser in relation to whether other relevant conditions are satisfied as this may result in an Australian CGT liability. Withholding tax implications have not been considered on the basis that the entire demerger distribution has been treated as a return of capital (i.e. no dividend component).

Disclaimer

In the Explanatory Memorandum, Leyshon Resources advised that although it reasonably expected that capital gains tax demerger relief would apply to the distribution it could not provide any assurance that demerger relief would apply. Demerger relief is complex and if you are in any doubt about your tax position you should seek professional advice. This summary is not intended, and should not be relied upon, as specific taxation advice to any individual Shareholder. The comments in this summary are of a general nature only, may not apply to your specific circumstances, and cannot be relied upon for accuracy or completeness. This information is provided for the guidance of shareholders and neither the Company, nor any of its officers or advisers, accepts liability or responsibility with respect to such consequences or the reliance by any Shareholder on any part of the summary.

For further information please contact:

Leyshon Resources Limited

Corey Nolan - Managing Director

Tel: +61 7 3221 7770

admin@leyshonresources.com

RFC Ambrian Limited

Samantha Harrison (Nominated Adviser)

Kim Eckhof (Corporate broking)

Tel: +44 (0)203 440 6800



Leyshon Resources Limited ABN 75 010 482 274

Level 3 / Suite 3, 1292 Hay Street, West Perth 6005, Western Australia

Tel: + 61 8 9321 0077 Fax: + 61 8 9322 4073

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSSFSEAFLSEEW
Posted at 21/8/2014 14:58 by rvsy38
Despite the tick up of the share price this week, while we wait for test results from ZJS 7 it has been very quiet on this board in terms of the number of posts and daily volumes of shares traded .

It is now more than 2 months since the AGM when it was announced that the ZJS 7 testing programme had been agreed with the partner. I am actually encouraged by the lack of news as, although the plan is to test three zones,I think we would have heard by now if the flow tests had been disappointing.

It is probable that LEN's Chinese partner CNPC (and maybe LEN's consultants RISC) will have to approve any press release which could delay any RNS.

However primarily for the reason above I have a good feeling about ZJS 7 and if the tests are successful I believe the share price would rise very quickly.
Posted at 11/7/2014 14:31 by sos100
Q5. Since its first day of dealings in January the Leyshon Energy share price has ranged between 3p and 7p, what do you make of the market sentiment relating to Leyshon Energy and do you feel the current share price is a fair refection of where the company is at?

We have stated that we believe that the current share price does not reflect the near term value of 15-17 pence per share and we are hoping that results from the current programme will allow investors to see this value realised.

Q6. What can Leyshon Energy shareholders look forward to over the next 12 to 18 months?

Lots of news flow!


still confident of 15-17p soon.

im holding on for these results
Posted at 10/7/2014 16:49 by sirraman
As the new directors have decided to go back into ZJ7 and spend further funds after much discussion and analysis bodes well for a positive outcome as their reputation as experienced players is on the line.

So fingers crossed we hit gas at commercial flow rates and LEN share price will be back on the move with ZJ8 ...and hopefully the whole project declared commercial by end of this year.

who knows this may even finish at 6p+ tomorrow and 8p+ before the ZJ results in a few weeks...?

Sirra
Leyshon Energy share price data is direct from the London Stock Exchange

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