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ONE Oneiro Energy Plc

10.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Oneiro Energy Plc LSE:ONE London Ordinary Share GB00BNRR5980 ORD GBP0.0085
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 10.00 0.00 08:00:15
Bid Price Offer Price High Price Low Price Open Price
9.00 11.00 10.00 10.00 10.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 10.00 GBX

Oneiro Energy (ONE) Latest News

Oneiro Energy (ONE) Discussions and Chat

Oneiro Energy Forums and Chat

Date Time Title Posts
06/9/202318:33Oneiro Energy PLC 29
22/5/201409:13One Delta - Audioboo25
14/5/201413:20One Delta - Audioboo6
05/5/201415:44One Delta30
10/3/200611:28one share traded5

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Oneiro Energy (ONE) Most Recent Trades

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Oneiro Energy (ONE) Top Chat Posts

Top Posts
Posted at 27/6/2023 11:06 by theblackbaron
Agree so undervalued compared to wildcat petroleum around 13m cap share price seems on the move again.
Posted at 15/6/2023 15:08 by theblackbaron
Afternoon Mr H Clyde Petroleum lives on ! Certainly get to another 1 billion market cap of desire petroleum would indeed be good and I have dusted off the famous rock once the retail turn up 10 times above today’s price.
Posted at 13/6/2023 07:47 by theblackbaron
Of course when a speculated gas asset for example mentioned in ipo documentation arrives the market cap could be £80 million or more depending on size but near term speculation will drive one up to previous wildcat petroleum levels
Posted at 12/6/2023 16:19 by alexios1201
WCAT did 0.1 to 4p in less than 6months on IPO, 40bagger perfect.This one is going same way
Posted at 09/6/2023 08:37 by loglorry1
Price keeps climbing. More people gettig onboard for the journey.
Posted at 08/6/2023 18:47 by loglorry1
Yes the ex-Cairn guys won't have got involved unless they see it at hundreds of millions one day.

This could 10 bag quickly then go on from there.
Posted at 08/6/2023 13:16 by theblackbaron
@NobleHo08105240 on twitter a good general start on speculation of what going on regarding company, certainly the share price is moving up however still cheap if you base assumptions on assets etc mentioned gas in ipo documentation.
Posted at 08/6/2023 13:13 by loglorry1
Price rising nicely as people start to switch on to what's going on here.
Posted at 05/6/2023 14:56 by loglorry1
Oneiro Energy (ONE.L) is a cash shell listed on the LSE 25th May 2023, one week before the rule change stating that cash shells will need to be a minimum of £30m going forward. ONE.L is the last cash shell that listed. The Company intends to look for an energy related transaction in oil & gas, nuclear, green energy or carbon capture/storage.

Funding
The Company raised £1.2m in their IPO at 5p/share and will have NET cash of c£1.1m after costs of the IPO. They raised £360k pre-IPO at 3p which went towards the IPO costs and market research, evaluating a number of potential opportunities. The broker for the IPO was Peterhouse Capital although a lot of the money was raised by Jub Capital who took their fee in stock (5.66%) and are locked in for 6 months alongside the directors.

On the long side, Jub Capital floated Mkango Resources (MKA.L) having raised £1m @ 3.3p in 2016, the stock reached a high of 38p in 2021 and trades at 11p today.

Management
Robert Jones – appears to be the key man here. Robert Jones was Head of Exploration for Cairn Energy (CNE.L – now Capricorn Energy) from Sept ’07 to Sept ’13. During his tenure the stock went from 240p to a high of 650p and finished at 320p when he retired. The highlight was the Senegal discoveries of >1bn barrels of oil. Mr Jones appears to be a proven hydrocarbon finder.

Rod Murray – is a drilling specialist having ran drilling campaigns for Cairn Energy (Greenland) and Apache in Suriname. Greenland’s drilling was not successful in finding hydrocarbons but the scale of the exercise was vast. The Apache campaign was more successful, with 4/4 discoveries and then a multi-billion USD farm out to Total.

John Treacy – is an M&A lawyer and adviser to a number of AIM companies on IPOs, acquisitions, debt, restructurings and placings.

Major Shareholders
Oliver Leatham (7.08%) is one of the owners of Leathams Group Holdings, a food conglomerate which turned over £60m in 2022 and made profit of £12.1m.
Finian O’Sullivan (5.39%) was the founder and CEO of Burren Energy PLC which was sold to ENI in 2008.
Adam Dziubinski (5.39%) founder of Jub Capital, see above.
Jonathan Elkington (4.04%) is the Co-Founder and Head of Real Estate at Nasdaq Listed Alvarium (ALTI) – a $500m investment company.

Management ownership – 14.37%

Management Incentivisation
Management are to be awarded warrants upon reaching share performance milestones, these are as follows:
9m warrants @ 0.85p issued if the shares trade > 10p (+100%) for 20 trading days.
9m warrants @ 0.85p issued if the shares trade > 20p (+300%) for 20 trading days.

Summary
Shares have gotten off to a good start, +40% from the 5p IPO to £2.9m market cap.

Whilst this now trades at a c£1.8m premium to its cash balance, it is clear to me that there is a premium to be applied for management and major shareholders. Also from the first week of trading it would appear that the shareholder register is very tight. Yes there are cash shells out there which might be cheaper but they will not necessarily be clean, have as good management or supportive shareholders. One only has to look at Wildcat Petroleum (WCAT.L) which went from 0.1p to 4p on its debut in 2021. The Company still has a market cap of £11m and net assets of only £235k.

Looking through the prospectus, cash burn appears to be c£15k/month.

I am backing them to do an interesting transaction and I think the shares are worth a punt. As ever DYOR! Good ;luck!
Posted at 15/5/2014 12:20 by gekko68
One Delta In Reverse Takeover Of Audiboo; UBC Nears 7digital Acquisition
Mon, 17th Mar 2014 09:57

LONDON (Alliance News) - One Delta PLC, an AIM-listed cash shell, Monday said it has raised GBP3.5 million through the issue of 232.3 million shares, which it will use to fund the reserve takeover of Audioboo Ltd.


Audioboo is a publishing platform used by the BBC and The Telegraph newspaper.

One Delta said it has reached a non-binding agreement in principle with UBC Media Group PLC and other shareholders to acquire Audioboo. UBC currently has a 39.4% stake in the company, this will fall to just under 20% of the combined Audioboo and One Delta once the deal has been completed.

One Delta has requested that its shares be suspended from trading on AIM pending completion of the reverse takeover or until discussions terminate.

In a separate note, UBC said it has moved a step closer to acquiring 7digital after signing a head of terms with the digital music technology platform, which powers services for companies including Samsung, HTC, HMV and T-Mobile.

The multimedia firm said it has also agreed a period of exclusivity up to April 4. The acquisition also would constitute a reserve takeover, and UBC shares remain suspended.

"Our aim is to create a new public company via 7digital which will be perfectly placed to exploit the rapidly developing market for online and mobile music services," UBC Chief Executive Simon Cole said in a statement.

One Delta shares were last quoted on Friday at 2.00 pence, up 0.25 pence or 14%. UBC shares were last quoted in November at 6.29 pence a share.
Oneiro Energy share price data is direct from the London Stock Exchange

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