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Real-Time news about Matra (London Stock Exchange): 0 recent articles
|offerman: Supertedsmith - 15 Feb 2017 - 19:13 - 14251 of 14256 - 0Long time no speak. Hope you're keeping well. Blimey it must be seven or eight years ago on the thread that we last spoke!I can see around 0.2pBut at least we will have many more shares but a lot less I share price whether it equates and stays that way I doubt it very much it will probably drop off for a little bit. One consolation, at least we haven't lost all of our money!|
|budgetbond: doxford, you're right - and we dont have long to wait now thankfully.
In order to list on the Stockholm stock exchange, a company has to have between 36 - 144m shares in issue so Maxim had the opportunity to dilute us further by issuing more than 36m shares and he has chosen not to.
All he has done is issue enough new additional shares to bring in a world class investor to make the total number up to 36m. There is also a stock exchange requirement to have a minimum of 3 Directors in the company and by bringing in Eric Forss, he has killed two birds with one stone and achieved that objective as well.
Maxim will gain nothing by listing and allowing the share price to tank. The investment case must be good and I assume that is why Eric Forss has agreed to invest and get actively involved. Of course, this is pure subjecture on my part and time will tell.|
|budgetbond: At the EGM, Vlad stated the market cap would be around £100m which equates to a share price of 1-1.25p. They have already committed to a share issue of 36m shares in accordance with the minimum number of shares that must be in issue to list on the Stockholm stock exchange. So not sure how I see the opening share price being 30-50% of the delist price?|
|beggarman: I've been trying to find the stock exchange rules for major shareholders on the First North exchange with regard to "Lock In" periods but the web page is unavailable. Just supposing that the major shareholders are locked in for a period of time, the only free float on listing would be ourselves the retail shareholders. We only represent 13% or 4.6m shares, this may prop the share price up on listing unless we all sell at once.|
|saulcom1: I believe much of the logic behind the listing price will be based on 'verifiable' short to medium term projections. I suspect Matra anew is now in a position to confirm. Any additional increases in production since June 2016 I speculate has been bases around horizontal drilling otherwise known as fracking. Texas is a State that will employ the most recent technologies. Fracking can produce larger flows however the wells tend to have a shorter lifespan - as essentially the same quantity of oil is being tapped into but with better daily production methods. The gamble here is that by the time depletion occurs new producing wells (and technology) will come into play. Oilies have managed to reduce their cost and capex base in line with their plans considerably over the past 2 years or so. In some cases more then 45%. The combined reduction in cost relative to increased production along with a positive projection forecast coupled with rising oil prices should I believe demonstrate profitability in line with Matra's long term viability. Enough to interest some institutional long term investment and support the share price short to long term.|
|beggarman: calm - We don't know what the market cap will be until all deals are on the table. I believe that Matra USA will be valued at $100m/£80m but there has to be a placing and we don't know how much that will be and there could also be a merger with a listed company which would speed up the process.
Regarding the share price, it depends on the type of investor they wish to attract. If they are looking for retail investors the share price will be lower than if they are looking for institutional investors. The share price can be controlled by the consolidation factor.|
|budgetbond: beggar, you mentioned this week about the reports earlier this year that the banker had been playing hardball (I think they came from calmtrader originally). I suspect they may have been close to a deal back in May when the share price was SEK2.5 but then rose to SEK3.3 by the beginning of June which could have stalled the deal.
However, the share price is now at SEK1.1 which is 80% lower than it was 12 months ago and that may be why the deal is now back on - difficult to play hardball from that position|
|budgetbond: matra, harry - great posts
super, my take on their reasons for delisting was that MB didn't want to lose control of the structure of the company ownership (i.e. he didn't want someone else coming in and taking a big stake in the company that he didn't want involved. Perfectly possible while the share price was at 0.35p when delisted) IMHO. Of course, we'll never know but it doesn't matter now
I'm absolutely convinced there will be more to this than just a straight forward listing. I dont believe that they will have worked for three years whilst delisted to increase the share price from 0.8p (which MB bought in at) to 1p (likely share price if listing with a £80m market cap). I just dont see it.|
|beggarman: It could be due to the restructuring, if they listed in the US they would have to have a share price of around $5 as a company is automatically delisted if the share price drops below $1 for a period of time. Whilst in Sweden there are no such restrictions.
I also think it has something to do with Mangold Fondkommission AB, they may be able to make it easier to raise capital based on Barskiys previous reputation in Sweden.|
|ultrapunch: I just posted this reply to a nervous, novice, investor worried that MB might sell his 575m shares, at the current sp, for a £10m profit.
MB has 575m MTA shares. How could he sell all those shares onto the market without the MTA share price collapsing? Just think about it. Even if he tried doing it in stages you just couldn't dump 575m shares onto the market without the share price collapsing. The MM's definitely wouldn't give you a good price, that's for sure. Why do you think that MM's open at a very low price after an AIM oiler announces a duster at 7am in the morning? Because they know there will be an awful lot of sellers looking to get out at the best price possible. The MM's aint mugs!! If there is the prospect of a lot of sellers rushing to sell their shares they aint going to give them a good price, that's for sure, especially since nobody will want to buy them at a good price!! Same way with MB if he tried to sell 575m shares in MTA!! It's the law of supply and demand in action!!
My friend, that £10m profit you talk about is a paper profit only!! If he announced he was leaving MTA the share price would fall dramatically, because MB is currently MTA's prize asset in the eyes of investors and lots would want to sell if he decided to up sticks!! If MB then tried to dump 575m shares onto an already depressed market the share price would probably be back well under a penny!!!!
Investing is only commonsense theg4mbler. There is nothing mystical about it. Just a question of supply and demand. If 575m shares came onto the market the price collapses because supply would far outway demand!! A lot of investors wanting to sell and nobody wanting to buy!! MM's lower the price to attract buyers because they make their money from the difference between the selling and buying price. They don't want to buy a load of shares if there are no buyers. They are only traders only they trade in shares rather than fruit and veg!! Just plain commonsense. Just like any other commodity shares are subject to the laws governing supply and demand.
Anyway your fears are completely unjustified. MB has only recently invested £4.6m in MTA. He will want to make a big return on his money. As big as possible. The only way he is going to do that is to grow MTA, both organically and by acquisition, so that MTA will one day become attractive enough to a bigger rival for it to receive a takeover bid. Then hopefully him and us, to a far lesser degree, will walk away with lots of profit in 4 or 5 years time.
There is no need to worry or be nervous.|
Matra Petroleum share price data is direct from the London Stock Exchange