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||Market Cap (m)
|Oil & Gas Producers
Real-Time news about Matra (London Stock Exchange): 0 recent articles
|budgetbond: brian, beggarman calculated a couple of months ago that based on the last known balance sheet, the share price would need to be around 24SEK to get back to the delist price which would equate to £2.20 based on the current exchange rate.
The challenge with guessing the share price is that we haven't seen any accounts since end of June 2015 which will now be completely out of date. The only information we have to go off is what Vlad told us at the AGM which was that Matra was worth around $100m.
Reading between the lines, they must have developed good cash flow because they've been able to afford to pay Max & Vlad's outstanding salaries and expenses (c.$500k) and increased their payroll costs significantly through the expansion of the management team (possibly up to another $500k)
So to answer your question, I genuinely dont know and can't really hazard a guess because we dont have enough information to go on. If there's an acquistion in the frame too, then it could be anything. What I dont believe though is that it will be less than the delist price.|
|beggarman: budget - The market will decide if there is more to this company, the share price should be steady on listing if there is more corporate action to come. Whereas if its just a smash and grab to raise $5m working capital, the share price will tank.|
|beggarman: Don't forget they can issue up to 144m shares without calling an EGM, so even if they have a depressed share price they can find a reason to issue additional shares to the management to obtain a return on their investment.|
|beggarman: budget - If they list into a falling oil price the shares will tank on listing. I can't see them making an all share acquisition if the share price is sub 10sek. Perhaps Ted is right they have already done a deal to bail out and just need to get the shares listed.|
|budgetbond: soggy, I agree with your sentiment.
I think the point to bear in mind is that no-one benefits at all if this either has a low re-listing price or the share price tanks on Day 1. So I expect Matra to issue a document that outlines their 3-5 year development/expansion plans ahead of the listing which I would should support the price. At the EGM, it was stated that the company was worth $100m which equates to the equivalent of a share price of 1p and I'll be disappointed if its less than that.
ned, I suspect as part of the pre-listing communication, they will confirm what price they will list at. Not sure when that would be, maybe a week or so before the listing date?|
|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: 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.|
|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