ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

ONE Oneiro Energy Plc

10.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Oneiro Energy Plc ONE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 10.00 08:00:00
Open Price Low Price High Price Close Price Previous Close
10.00 10.00 10.00 10.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Oneiro Energy ONE Dividends History

No dividends issued between 01 May 2014 and 01 May 2024

Top Dividend Posts

Top Posts
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 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 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 19/5/2014 11:27 by someuwin
RNS Number : 4618H
One Delta PLC
19 May 2014
19 May 2014
One Delta plc
("One Delta")
Result of AGM, Completion of Acquisition &
Change of name to Audioboom Group plc

One Delta (AIM: ONE), which has conditionally agreed to acquire digital social media audio platform, Audioboo, announces that at the Annual General Meeting of the Company held today all resolutions were passed and so the Completion of the acquisition of Audioboo Limited has taken place (subject only to Admission).

As a result the allotment of 180,537,998 new Ordinary Shares has taken place and dealings in One Delta plc shares will be cancelled from 4.30pm. Admission of and Dealings in the Enlarged Share Capital (representing 466,512,353 Ordinary Shares) is expected to commence at 8 am tomorrow morning under the name of Audioboom Group plc (EPIC: BOOM).

All defined terms used in this announcement are the same as included in the Admission Document dated 1 May 2014.

Rob Proctor, CEO of Audioboom Group plc, commented:"I am delighted the acquisition has now completed, at a time when we are signing new channel partners at the fastest rate since Audioboom launched, with more than 700 joining in this period, taking us to over 1,700. New channel partners include number10, Bauer Radio Group, Huffington Post, Associated Press and Australia's biggest broadcaster, Southern Cross Austereo.

"We are working on a number of exciting developments, particularly in the US and Australia, which already account for a large proportion our traffic, and have just opened our New York and Brisbane offices. We believe there are a number of potentially transformational deals for Audioboom in the US, Australia and Europe and I look forward to announcing developments in the near future."
Posted at 15/5/2014 19:06 by gekko68
James Quinn By James Quinn9:15PM GMT 15 Mar 2014

Audiboo, the British technology company whose fan base includes the Prince of Wales and Stephen Fry, is to float in London.
The online audio business, which was launched in March 2009, is to list on the London Stock Exchange's Aim market through a reverse takeover of a cash shell.
It is understood the London-based company will reverse into One Delta, a shell which has lain dormant for some time.
The reversal will be accompanied by a £4m fundraising to assist with its continued rapid expansion.
The listing will allow Audioboo to develop its core business, which facilitates online podcasts and recordings for partners including the BBC, the Premier League and the National Trust.
Related Articles
Audioboo commissions original show 18 Apr 2013
The reversal could be announced to the market as early as tomorrow , and is thought likely to coincide with confirmation of plans for one of Audioboo's key shareholders.
Aim-listed UBC Media, which owns a 39pc stake in Audioboo, is believed to be close to confirming that it has signed head of terms with 7Digital for the online music platform to reverse into it.
The deal, first revealed by The Telegraph in November, will provide a permanent source of funding for 7Digital, whose partners include Samsung and Pioneer and whose platform is thought to be averaging 21m to 25m hits a month. This reversal will be backed by a separate fundraising in the region of £7m to £8m.
Once complete, the renamed 7Digital vehicle will own an approximate 20pc stake in Audioboo.
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.
Posted at 14/5/2014 13:17 by trendfriend68
There have been some really big buys in the last few weeks 84K,you dont put that kind of money in on a punt. You wont get prince Charles using the likes of you-tube. There client list is impressive,BBC,Government,Quiet allot of well know faces. There website could also be used for upcoming artists. The thing is the likes of Apple don't like competition,they tend too buy them up. Had never heard of Audio-boo until a few days ago,they need too make more people aware of there site,using twitter & other social website would help. I know they developed a app for the Blackberry,did they make one for a smart phone?
Posted at 14/4/2014 17:03 by someuwin
RNS

RNS Number : 8017E
One Delta PLC
14 April 2014



One Delta plc
("One Delta" or the "Company")

Update on proposed acquisition
Loan agreement

Acquisition update
On 17 March 2014, at the same time as its equity fundraise, the Company announced that it had reached a non-binding agreement in principle for the acquisition of Audioboo Limited, a social media audio platform.

The proposed acquisition of Audioboo Limited ("Audioboo") is deemed to be a reverse take-over in accordance with the AIM Rules for Companies. Accordingly an Admission Document must be produced and shareholders` approval obtained. Work on this is at an advanced stage and, subject to completion of certain regulatory and due diligence work, is expected to be announced in the near future.

The Company has obtained irrevocable commitments from Slovar Limited ("Slovar") and UBC Media Group Plc ("UBC"), who together hold 78.86% of the issued share capital of Audioboo, to enter into a share sale agreement with the Company on terms broadly consistent (unless otherwise agreed) with the non-binding agreement in principle announced on 17 March 2014 in respect of their entire holdings of shares in Audioboo. The irrevocable commitments entered into by each of Slovar and UBC will automatically terminate on 8 June 2014 if no agreement has been entered into for the sale of the entire issued share capital of Audioboo to the Company on or before that date.

Loan Agreement
The Company has entered into a loan agreement with Audioboo pursuant to which it will make a loan of £150,000 (the "Loan") available to Audioboo (the "Loan Agreement").

The Loan Agreement provides for an unsecured, interest free, loan of £150,000 to Audioboo, the proceeds of which will be used by Audioboo to fund further development of its technical infrastructure and user interface. The initial term of the Loan is one year unless the acquisition of Audioboo is not completed by the end of June 2014 in which case the term of the Loan will be extended to 18 months or shortened so that it becomes repayable on 1 August 2014 depending on the cause of the acquisition not proceeding.

The Loan Agreement has been entered into in the expectation that the Company acquires the entire issued share capital of Audioboo before the end of June 2014.

One Delta Chairman, Roger Maddock, commented:"We have made significant progress on the acquisition of Audioboo and I am pleased to make a loan which will help accelerate our ambitious plans to develop Audioboo's social media platform."
Posted at 15/3/2014 22:45 by someuwin
Audioboo to list in London

The British technology company, whose fan base includes the Prince of Wales and Stephen Fry, is to float in London.

"Audiboo, the British technology company whose fan base includes the Prince of Wales and Stephen Fry, is to float in London.

The online audio business, which was launched in March 2009, is to list on the London Stock Exchange's Aim market through a reverse takeover of a cash shell.

It is understood the London-based company will reverse into One Delta, a shell which has lain dormant for some time.

The reversal will be accompanied by a £4m fundraising to assist with its continued rapid expansion.

The listing will allow Audioboo to develop its core business, which facilitates online podcasts and recordings for partners including the BBC, the Premier League and the National Trust.

The reversal could be announced to the market as early as tomorrow , and is thought likely to coincide with confirmation of plans for one of Audioboo's key shareholders.

Aim-listed UBC Media, which owns a 39pc stake in Audioboo, is believed to be close to confirming that it has signed head of terms with 7Digital for the online music platform to reverse into it.

The deal, first revealed by The Telegraph in November, will provide a permanent source of funding for 7Digital, whose partners include Samsung and Pioneer and whose platform is thought to be averaging 21m to 25m hits a month. This reversal will be backed by a separate fundraising in the region of £7m to £8m.

Once complete, the renamed 7Digital vehicle will own an approximate 20pc stake in Audioboo."

Your Recent History

Delayed Upgrade Clock