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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Molecular Energies Plc | LSE:MEN | London | Ordinary Share | GB00BMT80K89 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 7.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 5.00 | 10.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | USD 33.23M | USD -10.5M | USD -1.0128 | -0.07 | 725.58k |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 7.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 29/4/2024 | 07:00 | UK RNS | AIM Cancellation - Molecular Energies PLC |
| 26/4/2024 | 07:00 | UK RNS | Molecular Energies PLC Last Day of Dealing on AIM |
| 22/4/2024 | 18:00 | UK RNS | FTSE Russell Molecular Energies |
| 15/4/2024 | 13:52 | ALNC |  Molecular Energies shares plummet as company to delist from UK markets |
| 15/4/2024 | 11:44 | UK RNS | Molecular Energies PLC Result of Meeting |
| 03/4/2024 | 10:59 | ALNC | TRADING UPDATES: Quiz sales fall, names new CEO; Byotrol eyes AIM exit |
| 02/4/2024 | 15:02 | UK RNS | Molecular Energies PLC Director Share Purchase |
| 28/3/2024 | 07:00 | UK RNS | Molecular Energies PLC Cancellation of Listing |
| 04/3/2024 | 16:30 | ALNC | EARNINGS AND TRADING: Impairment charge pushes Quartix into the red |
| 04/3/2024 | 07:00 | UK RNS | Molecular Energies PLC Strategic progress in Green House Capital Group |
Molecular Energies (MEN) Share Charts1 Year Molecular Energies Chart |
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1 Month Molecular Energies Chart |
Intraday Molecular Energies Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/7/2024 | 11:30 | Molecular Energies PLC - fossil fuels and green energies | 2,761 |
| 01/5/2024 | 13:38 | MOLECULAR ENERGIES - Lithium Extraction, Alternative Energy, Gas & Oil. | 108 |
| 08/4/2024 | 00:33 | Mentum, A new start - Oil and Gas properties pursued........ | 2,980 |
| 06/10/2022 | 17:52 | MEN the new PPC. don't get foolled | 4 |
| 16/7/2014 | 12:15 | MEN 2013 | 648 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 26/7/2024 09:20 by Molecular Energies Daily Update Molecular Energies Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker MEN. The last closing price for Molecular Energies was 7p.Molecular Energies currently has 10,365,373 shares in issue. The market capitalisation of Molecular Energies is £725,576. Molecular Energies has a price to earnings ratio (PE ratio) of -0.07. This morning MEN shares opened at - |
Posted at 10/4/2024 13:48 by brasso3 Was it changed in 2022 (2022 FY report)?Subsequent Events In April, shareholders approved certain amendments to the IYA loan facility providing net cost savings to the Company of US$5 million by reducing the interest costs to zero over the revised maturity period, enabling further funds to be available for working capital purposes and expansion of the Company and its hydrocarbon and alternative energy divisions. IYA Loan On 2 January 2018, the Company entered into a loan agreement with IYA Global Limited ("IYA"), a company beneficially owned by Peter Levine, pursuant to which IYA provided a loan facility up to $20.5 million to the Company. The loan was due for repayment by 31 December 2024. Subsequent to the year end, a General Meeting on 6th April 2023 approved material amendments to the terms of the loan and extended the repayment date to 31 December 2025. Further details on the terms of the IYA loan are detailed in the Related Party Note 32. Subsequent to the year end, a General Meeting on 6th April 2023 approved material amendments to the terms of the loan and extended the repayment date to 31 December 2025. (i) The IYA Loan (including interest) is fixed as at this date with no further monies available to be drawn and no further commitment fee on undrawn balances thereafter applicable (ii) The interest rate on the Fixed Loan be reduced to zero percent (0 per cent.) per year from this date (iii) IYA is granted a first legal charge against all the shares owned by the Company from time to time in Atome to secure the Fixed Loan (iv) an extension fee of US$1.5 million be paid to IYA spread over the length of time of the Fixed Loan to maturity to be paid by equal monthly instalments unless otherwise agreed. As such the Fee is unsecured as it is not part of the IYA Loan (v) IYA will be granted the rights at any time up to 31 December 2025 to call upon MEN to transfer to it or as it may direct 2,038,038 ordinary shares in Atome equivalent to the value of GBP2.16 million at value of 106.2 pence per Atome share in satisfaction and by way of extinguishment of US$2.6 million of the Fixed Loan still then outstanding, calculated using an exchange rate of US$1.20 to the pound |
Posted at 28/3/2024 18:57 by masergt Pp must be PL. Who else would have been constantly valuing ATOM + GHC etc. at many multiples of the MEN share price just to keep our interest alive and prevent us dumping after the 35p placing on 24th January. 74p to 7p in 9 weeks must be some sort of a record. What was our BoD or Nomad doing (not doing!) whilst all this wealth destruction took place right in front of their own eyes. PL has simply stolen the lot. The FCA ought to be looking at this but won't. And the government wants to further reduce regulation so as to attract more spivs to the UK? We've got more than enough as it is! |
Posted at 14/3/2024 07:06 by all in eol 14 March 2024ATOME PLC ("ATOME", "the Company", or "the Group") Enterprise Investment Scheme ("EIS") investment status granted by HMRC ATOME (AIM: ATOM), the only international green fertiliser project development company on the London Stock Exchange, is pleased to announce that His Majesty's Revenue and Customs ("HMRC") has granted EIS status for the investment made by certain qualifying individuals in respect of the equity fundraise which was announced on the 19 February 2024. The EIS is a UK government initiative which encourages investment in qualifying companies by offering tax benefits for qualifying investors who subscribe for new shares. For the avoidance of doubt, EIS income tax relief is not available for directors or employees of ATOME. Subject to certain conditions being met by the company and the investors, EIS enables a qualifying investor with a UK tax liability to claim tax relief in the UK of up to 30% of their investment, subject to a maximum investment of £1 million per tax year. In addition, when investors sell EIS shares, any growth in value from an investment is potentially free from UK capital gains tax (to qualify for this relief, income tax relief must have already been claimed and not withdrawn by HMRC. Investors also have to hold the shares for at least three years and the company and its group must remain EIS qualifying for at least three years). Further details about EIS can be found here. Prospective EIS investors should seek their own tax and financial advice. The directors of ATOME also believe that an investment in the Company would potentially constitute a 'qualifying holding' for a Venture Capital Trust ("VCT") subject to certain conditions being met. A company can receive a maximum of £5 million from EIS and VCT investors on a 12-month rolling basis. The grant of EIS status broadens the Company's potential investor base as it continues to develop and grow. However, the Company reiterates that it intends to finance its first 145MW project in Paraguay at the asset level through its subsidiary, ATOME Paraguay. The 100% green fertiliser that is targeted to be produced by ATOME from 2026 has a worldwide market, none more so than in the UK and Ireland where decarbonisation of the entire agricultural supply chain from supermarkets down to the farm is gaining increasing traction, importance and support. ATOME looks forward to delivering further positive news in the next months as it moves towards Final Investment Decision and asset level-funding for ATOME's world-scale 145MW green fertiliser facility in Paraguay. For completeness, ATOME has an exciting 100MW project in Costa Rica as well as the Phase 2 300MW project in Paraguay. Philip Hare & Associates acted for the Company in the successful grant of EIS status and continues to do so |
Posted at 07/3/2024 15:21 by piperpeter I don't actually do forecasts, masergt, but one would assume it would be higher than the current lowly level. Though currently, the share price would need to be a little over 29p to about equal its 18.8% holding in ATOM. So, not only is this asset not fully priced into MEN's share price, no other Company held assets could possibly be included in MEN's current share price.Cavendish haven't published a target share price for some time now, so it will be interesting to read their opinion when we have more meat on the bones re the IPO and spin-out of Green House Capital Group, and who ends up owning a slice of it, if you know what I mean. Which shouldn't be too far away now, surely? Currently there are 25 million Green House Capital Group shares allotted, so with MEN owning 75% of GHC, MEN's shareholders must currently collectively own 18,750,000 of the shares. Approximately 1.5 shares per one MEN share? 18,750,000 / 12,378,197 = 1.514 Pp. |
Posted at 01/3/2024 07:01 by all in eol 1 March 2024MOLECULAR ENERGIES PLC ("Molecular" or the "Company") Update on Corporate and Trading Matters Molecular Energies (AIM: MEN), the international energy company, provides an update on corporate and trading matters. Key Points: · Tapir x-1 exploration well, Paraguay, suspended. Participants reviewing next steps · Positive cash receipts from Argentina continue · Strategic developments with regards to Green House Capital Group including receipt of UK government EIS advance assurance · Sustainable Aviation Fuel studies progress TAPIR X-1 The Paraguay exploration well Tapir x-1 has been suspended due to tough drilling conditions without reaching the target zone. The drilling rig has been retained on site pending further decision by the participants, taking into account the risk-reward ratio of the well. Further information will be provided at the relevant time subject to confidentiality and regulatory restrictions. Investors are reminded that this was frontier exploration with an estimated 17% chance of success. ARGENTINA CONTINUES POSITIVE CASH CONTRIBUTION Molecular is pleased to announce that President Petroleum S.A., the former subsidiary of Molecular, has continued to pay down the US$13 million of debt due to Molecular. Approximately US$1.28 million has now been paid down within the last four months and expectations are that funds will continue to flow. GREEN HOUSE CAPITAL GROUP ("GHC") Significant progress has been made in relation to GHC, which will be subject to a separate announcement early next week. GHC has been granted EIS advance assurance by HM Revenue & Customs ("HMRC") in relation to the UK government's EIS scheme. Based on the receipt of EIS advance assurance, the directors of GHC also believe that a prospective investment in GHC should constitute a 'qualifying holding' for a Venture Capital Trust ("VCT"). SUSTAINABLE AVIATION FUEL ("SAF") As previously announced, studies commenced with Aecom, the worldwide engineering consultancy, to investigate the feasibility of Molecular moving into the business of SAF. These studies continue to progress before any final decisions are made. The skill set of Molecular, its management and its related parties as well as its knowledge of multi-lateral funders and institutions supportive in principle of SAF projects, place Molecular in a beneficial position should the results of the feasibility studies prove positive. SAF has a captive, permanent and increasing future offtake market as airlines around the world have committed to increase the use of this product. Production is a complex process and requires a substantial investment. Further updates will be made in due course. ATOME PLC Molecular notes the progress of Atome and the Board remains of the view that Molecular's investment in Atome will generate substantial shareholder value for Molecular shareholders in future. Peter Levine, Chair, commented: "The result of the Tapir x-1 well, whilst disappointing, is not surprising given it is the frontier exploration. Sometimes it is the better decision in tough drilling conditions to make a bold resolution to suspend rather than continuing in escalating cumulative down hole issues, especially taking into account the risk-reward ratio. "The progress being made in Green House is promising, as is the continued cash flow coming from the previously disposed Argentine business. This bodes well for the future and complete collection of the US$13 million intercompany debt." |
Posted at 22/2/2024 15:09 by chris cat Imagine a doomsday scenario where1. PL’s new co owes c$14m to MEN 2. MEN owes the PL company c$13m 3. PL has security over MENs shares of ATOME worth c£4m 4. PL’s firm could owe MEN c$20m depending on the performance of the Argentine wells The recent placing for c$500k was likely just enough to cover wages and salaries until the Paraguay drill hit TD, if it fails then MEN is practically dead, with its only assets being the sale of shares in GHC and ATOME. Is it possible that the people who took part in the $500k placing could have been told that they will get a return, some might call it a divi in specie from the sale of the incubated investment and such a divi might just cover their losses on the $500k placing. In a scenario where MEN is effectively defunct, PL could set off the two loans noted in 1 and 2 above, manage the well production in Argentina to minimise the amount due to MEN for the earn out agreement. Shareholders are then left with a company which is worth nothing to its members apart from their potential divi in specie from the GHC IPO. PL takes MEN’s ATOME shares worth £4m, gets his divi in specie for GHC and avoids a potential $20m liability from the earn out. Clearly this is how matters could play out in a doomsday scenario. In a blue sky alternative….P Obviously there are also options for all points in between Shouldn’t be too long before we see which way the dice fall. Happy to be corrected if any of the above is inaccurate |
Posted at 21/2/2024 05:59 by researchguru1 Molecular Energies Plc - Unlocking Paraguay's Hydrocarbon PotentialOverview: Partnered with CPC, the multibillion-dollar Taiwan state-owned oil and gas entity, London-listed Molecular Energies Plc (AIM: MEN) is currently engaged in a high impact drill in Paraguay's Chaco Basin, which industry estimates suggest holds over 4 billion barrels of oil. Drilling at the company’s Tapir x-1 exploration well commenced in mid-January and is now nearing its target depth, with news on this front expected imminently. CPC's involvement here, of course, signifies the perceived value of the company’s Paraguay assets which hold significant promise in unlocking Paraguay's hydrocarbon potential. A positive result at the Tapir x-1 well would, therefore, mark the country’s first official oil discovery. And the country’s Vice Minister of Mines and Energy, Mauricio Bejarano, is making no bones about being the company’s most passionate cheer leader. He wants the drill to succeed and is throwing all available resources to support the JV. Valuation: At the current trading price of £35p (£4.2m), Molecular presents an enticing risk-reward dynamic for investors. The company boasts a diverse asset portfolio, including significant holdings in Atome Energy (AIM: ATOM) and Green House Capital Plc (scheduled for IPO in Q1 2024), alongside a cash reserve of £1.1m, and an anticipated £10.3m windfall from the sale of President Petroleum S.A., of which it has already received £400,000. Worth noting at this point in time is that, the company's Atome stake alone (valued at £4.25m) mirrors its entire market capitalisation. Intriguingly, the company's supplementary assets are currently appraised at £0. The real kicker here, however, is that, the company’s Paraguay assets are not factored into the equation. Hence, a successful drilling operation would propel Molecular's share price exponentially. House broker Cavendish assesses Molecular’s fundamental assets at 153p. However, incorporating a positive outcome at Tapir jacks-up the valuation to 684p per share - offering an astonishing 1,900 percent potential upside from Molecular’s prevailing share price of 35p. Comparable instances, such as TSX-listed Africa Oil Corp's triumph in Kenya’s Lockichar Basin, demonstrate the potential for significant share price appreciation - 1,250 percent to be precise, and achieved within a short space of time. . |
Posted at 14/2/2024 21:42 by masergt None of us know Brasso but the share price seems to suggest there is. Historic performance against published expectations is just dire. cf the 2014 Edison report posted by Peterpiper:"A reminder of the value put on the Pirity Block from ten years back, prior to the 2014 drilling programme... Pp. [My reply] Lol re Edison. 14th April 2014 - MCap £127m, Net cash - £41.2m. 14th Feb 2024 - MCap £4.46m, Net cash - who knows! Gee thanks PL. The market has zero confidence in anything PL says or does. Always jam tomorrow followed by a fundraise. The last placing for a measly £500k was diabolical: the damage to PI's just wholly unacceptable. We are treated with contempt. RNS 24th Jan 2024, 7:00am. "...intention to raise at least £500,000 (before expenses) pursuant to a placing (the "Placing") of not less than 991,851 new ordinary shares ... a subscription (the "Subscription") of not less than 436,714 Ordinary Shares... all at a price of 35 pence per New Share. [A total of 1,428,565 new shares]. The day before, we'd closed at 73.5p. RNS 24th Jan 2024, 3:22pm. "...successfully raised £0.65 million (before expenses) pursuant to the Placing and Subscription of 1,852,824 New Ordinary Shares at the Issue Price [of 35p]... representing 17.9 per cent of the Company's issued share capital at the date of this Announcement. Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 12,218,197." That day we closed at 37p, halving the MCap and diluting our investment by a fifth - and PL boasted about this 'insider' giveaway being oversubscribed! So just what was PL up to? £500k is pocket money to him so it's not as if he couldn't have chipped in for the short term support of his own company. But why would he even have to do that given that just 13 days before he'd announced the receipt to the UK of US$500k from Argentina?? With a total US$13m to come from Argentina over the next five years, even a bank would have lent him £500k. PL shafted the PI's on 24th Jan but there will have been winners - so who were they? A quick look at trading volumes in the days leading up to the placing makes for disturbing reading and awkward questions. Mon 15th Jan - 7,290 16th - 16,692 17th - 313 18th - 7,170 19th - 7,350 Mon 22nd - 21 23rd - 1 24th - 536,548 25th - 140,619 26th - 110,152 Now I don't believe you can announce a placing at 7:00am and close it by just gone 3:00pm without prior funding discussions and commitments. I believe those started over the weekend of 20th/21st and were well known in the market on 22nd/23rd. I believe PI trading had been fairly quiescent since announcment of the Chaco spud delay a month before as PI's basically sat on their hands waiting for news. The share price fluttered between 75.5p and 72.5p with volumes typically in the 6 to 7,000 range, presumeably on continuing small intra market deals. Then damned near zero trades on 22nd and 23rd. The stock opened on 24th at 37.5p with a high of 40.0p and closed at 35.0p. It was hammered again on the 25th but the bounce didn't take hold and even though volumes have strengthened we're still sat at the placing price. These are my questions: Given the prior market knowledge of the heavily discounted placing, then how many sells were not reported on the 22nd and 23rd but held back to be hidden among the massive trading volumes on the 24th? How many of the buys on the 24th/25th were the sellers getting back in having doubled their holdings? We know the MM's selectively delay trading info to moderate and create a 'stable' market - and the FCA/Stock Exchange approve this - but what chance, what voice, have we against that sort of crooked marketplace? And who were those inside winners? And therein lies the nub Brasso. We know nothing 'cos we're told nothing. And would I believe PL now anyway? |
Posted at 10/2/2024 14:46 by researchguru1 TAKEN FROM THE LSE BB (SmartMoney)"All intelligent investing is value investing; acquiring an asset for less than its value means seeing what everyone else sees and thinking what no one else thinks." Bae24ee, the mathematical logic of MEN hitting a duster and losing 50% of its market cap makes no sense at all. Here’s why; 1. The company’s current, estimated cash balance is circa £1.2m. This is comprised of £0.5m (net of proceeds) from the recently oversubscribed fundraise, £0.4m receipt of the first instalment of the Argentine funds, and £0.3m of cash equivalents as deduced from the interims. 2. The company’s 20.5% holding in Atome Energy PLC is currently valued at £4.7m. 3. The company's 75% holding in Green House Capital Group PLC is currently estimated to be valued at circa £7.5m. This, for the record, is extremely conservative. The final figure, when it comes, is likely to be significant. 4. The company’s current value of its property, plant, and equipment sits at a conservative £7.4m (extracted from the last interim results). Thus, the total value of the company’s current assets, NOT INCLUDING THE PARAGUAY ASSET, is £20.8m. Now, compare that number against its current market cap of £4.3m. Utterly insane! It is a gross and unwarranted undervaluation of the business. Or put another way, the company’s current share price would have to increase FIVEFOLD to achieve anything close to a sensible valuation. AND THAT IS WITHOUT THE PARAGUAY ASSET which, for this purpose, has been assigned a £0 valuation. This means that, the Tapir x-1 exploration well has been thrown in for free! To that end, and should Tapir x-1 fail to find the black stuff, the share price should be unaffected. Separately, there’s a few additional fundamentals that make this company an even more compelling story: 1. The company currently has LIVE potential leads regarding aviation and other energy related projects. 2. The company has a strong strategic and institutional base of support, and no third-party financial debt. 3. 71% of the company’s 12m shares are in ‘sticky hands’. That only leaves 4m shares in the public’s hand. So imagine when the first, of five, pieces of transformational news lands… Also, and purely for clarification purposes, I decided to exclude the upcoming Argentine funds in the calculation as the timing of the receipts have not been formally outlined. However, I still expect the company to receive payments totalling £1.5m between now and June 2024. Of course, it might be a lot higher than that. Thus, consider the Argentine funds as another asset thrown in for free. So, as you will, of course, appreciate, the current market cap of £4.3m is only capturing the company's cash balance and a portion of the Atome holding. The rest of the company's assets are not priced in. So buying now is an exceptional opportunity to benefit from the inevitable rerating of the company's shares which should be, in reality, changing hands at 150p and above. THAT PRICE, BY THE WAY, EXCLUDES THE PARAGUAY ASSET AND THE ARGENTINE FUNDS. And judging by Friday's large increase in share purchases, including the 54k trade at 36p and 30k trade at 35.85p (visible on Level III), the shrewd money has began flowing in. AIMHO |
Posted at 30/1/2024 21:50 by piperpeter As before, OfficerDigby, there is an outline of the disposal of the Argentine asset in post 2170.Peter Levine has effectively taken control of the former asset, and along with it has taken US$33.8 million of debt off MEN's hands. This element is obviously very important! Now, the former asset owes to MEN US$13 million plus interest, with MEN owing to Peter Levine approximately US$12 million, so far as I remember. This US$12 million is not repayable by MEN until the end of 2025 and has zero interest. Also, with the recent debt for equity swap, the sum owing to Peter Levine (the US$12 million) may now be lower than US$12 million. So effectively, he owes MEN much more than MEN owes to him, I believe. MEN has no third party debt. MEN has no third party debt. With regard to payments to be received from the former asset, it takes the following form; 1. US$2 million will be paid to MEN in September. 2. US$13 million, plus interest, will be paid to MEN, no doubt in tranches (US$500k of this has already been received by MEN). 3. And up to another US$25 million will be paid to MEN over five years, if cash flow permits. MEN is entitled to effectively 20% of free cash flow over five years, under certain prerequisites. All of the above is up to a maximum of US$40 million (2m + 13m + 25m) If the US$33.8 million of former debt (US$33.8m) is added into the mix, MEN effectively benefits by up to US$73.8 million. Hope this helps. Pp. |
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