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LHD Lochard Energy

4.875
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lochard Energy LSE:LHD London Ordinary Share GB00B02YHV99 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.875 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Lochard Energy Share Discussion Threads

Showing 3601 to 3614 of 3925 messages
Chat Pages: Latest  145  144  143  142  141  140  139  138  137  136  135  134  Older
DateSubjectAuthorDiscuss
05/6/2013
10:01
CT, the crude is 3% sour, they appear to get $10-15/bbl below Brent crude prices for it (which seems too much of a discrepancy but add in transports costs of $2/bbl ish and it's not quite so unreasonable). costs of roughly $25/bbl come off that number (e.g. Brent crude less discount (for sour + transport) less costs (mainly for the FPSO). happy to be corrected on this but i investigated it in quite a bit of detail when LHD released their results in Feb.

plus, i back calculated their cash position end May with the half year results (end Feb) cash position, and it looks to me like Athena has only been producing ~8250 - ~8500 bopd in March, Apr, May (as per the press release from LHD which refers to ESP pump problems). ESP pumps are usually good for at least 2 years (June 2013 which is when i stopped my analysis as too much guesswork thereafter) so i hope these problems are surface related

More info on the crude:

http://www.bp.com/liveassets/bp_internet/bp_crudes/bp_crudes_global/STAGING/local_assets/downloads_pdfs/a/Athena_Crude_Brochurejuly2012.pdf

in summary, it's a good deal for PMG at the current price, but at say 6p/share (paper) i think it's looking a bit expensive

frazboy
05/6/2013
09:28
CT, i've calculated the average cash flow for the next 13 months (from 1st June 2013) to be around $0.9m per month. the outstanding loan at the end of the period will be around $8.3m. they will have accumulated $11.8m in cash in the bank but owe Henderson $2m (roughly) so, i figure $10m in the bank, and still $8m of debt (albeit a production cost). i consider these to be optimistic figures.

i doubt they'll up their bid too much, the market price says they'll walk away

we shall see

frazboy
05/6/2013
08:57
Antrim Energy next target for PMG how do i know? lol
therealdeal5
05/6/2013
08:56
Antrim Energy next target for PMG how do i know? lol
therealdeal5
05/6/2013
08:42
Falklands 4 Jun'13 - 12:56 - 1694 of 1698 0 0

TC needs to increase offer or forget it frankly speaking on behalf of the group they don't care either way production through dividends as lhd or reasonable cash offer/substantial discount loo pmg shares

------------------------------------------------------------>>

What happens if TC does not increase the offer?

Dividends? = no chance! management made that clear a few days ago - no money returned potentially for years with the kind of liabilities on the horizon. Uncle's Toms deal is the best in town and most shareholders know this.

Lets hope he raises that offer. If he does not or withdraws the offer, there will be one hell of a witch-hunt and the share price will probably suffer aswell.


Cash

cashandcard
05/6/2013
08:22
http://shares.telegraph.co.uk/news/article.php?id=4604618&epic=
therealdeal5
05/6/2013
08:22
http://shares.telegraph.co.uk/news/article.php?id=4604618&epic=
therealdeal5
04/6/2013
14:32
thanks CWA1. I believe they've got the 25% of total shares. Not declaring though because it gives a little Grace for pmg to revise(:-)) their offer. imho
There will be negotiations a plenty going on and someone needs to apply some ointment to the sores!

I do think that for all involved including LHD directors a revised higher offer is teh best solution. If not I think that LHD will eventually get to higher than 5pshare but shareholders could be waiting for a year for it to do so. imho dyor

bomfin
04/6/2013
13:53
Remember it is 25% of those actually voting and NOT 25% of the entire shareholding, so a lesser figure will almost certainly be enough to swing things in favour of the those against. Probably 20-22% of actual shareholding would be enough?
cwa1
04/6/2013
11:56
TC needs to increase offer or forget it frankly speaking on behalf of the group they don't care either way production through dividends as lhd or reasonable cash offer/substantial discount loo pmg shares
falklands
04/6/2013
11:56
I'm guessing that the nos already have the 25% but arn't declaring yet to give pmg a chance to up the offer. imho
bomfin
04/6/2013
07:48
utrecht i agree but as Cornhill have said they would accept 6p i can't see why PMG would offer more, this must be in the bag @ 6p, surely if people are buying now they will make serious cash if that happens, maybe this is the plan, to get Cornhill on board, otherwise i fear it will be a long while before LHD ever see's 5p again, i have said from the beginning not to trust Hendersons, they are in bed with PMG, of course i would prefer cash here, as i hold bundles of PMG already, give me cash anyday, GLTA
therealdeal5
04/6/2013
07:43
the real deal- 6p cash, so there may be a potential for a 7p paper deal or 6.5p paper, which if you think PMG will rise could offer decent upside.
utrecht_00
04/6/2013
07:12
When is the closing date for the deal ?
nw99
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