Share Name Share Symbol Market Type Share ISIN Share Description
Petroceltic International LSE:PCI London Ordinary Share IE00BB0QZ876 ORD EUR0.3125
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 7.495p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 100.9 -174.6 -92.1 - 13.83

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Date Time Title Posts
10/10/201608:43Petroceltic International PLC - DATA58,853.00
26/2/201616:02Only worth 3.75p on fundamentals8.00
11/12/201423:43Could Petroceltic be the next Cairn?3.00
31/7/201309:35Petroceltic International PLC10.00
12/6/201310:50MOVING INTO KURDISTAN24.00

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DateSubject
12/3/2016
17:16
imperial3: Shareholders have been hung out to dry.A share price disaster for longer term holders.
22/1/2016
10:44
h2owater: Unhappy Petroceltic Shareholder Considering Takeover Offer For CompanyFri, 22nd Jan 2016 10:22LONDON (Alliance News) - Petroceltic International PLC could be subject to a takeover offer after an existing substantial shareholder said it may potentially launch an all-cash offer for the company on Friday.Worldview International Capital Management Ltd already holds a 29.6% stake in the oil and gas company, and said its preparing to make a bid to acquire the remaining issued share capital of the company."Worldview would like to emphasise that its evaluation of Petroceltic is ongoing and there can be no certainty at this stage that any offer for Petroceltic will ultimately be made, nor as to the terms of any such offer should one be forthcoming," it said in a statement."Shareholders in Petroceltic are reminded that, further to the company's announcement of December 23, 2015, it remains in an 'offer period', within the meaning of the Irish takeover rules," Worldview added.Although no price or valuation has been mentioned, Petroceltic's market capitalisation currently stands a touch under GBP35.0 million, suggesting Worldview's current stake is worth over GBP10.0 million, with the other shares it may acquire being valued at just under USD25.0 million.Petroceltic initiated a formal strategic review of the business and its assets back in December as the company continued to struggle to make repayments under its senior bank facility due to a drop in oil prices, reduction in capital investment programmes in Egypt and Bulgaria, and adjustments to reserves.Petroceltic had not released a statement responding to Worldview's announcement early Friday.Petroceltic owes USD217.8 million under the senior bank facility, while cash balances amount to USD28.1 million. However, the company also said it had received confirmation from its lenders of their intention to provide further financial support.Petroceltic has previously said it had received a number of conditional proposals in relation to the sale of the company, but also said it had also received interest about individual assets of the company - giving it options. That kick-started a formal sales process, which Worldview has pounced on.Worldview would have seen the announcement of a formal sales process as a gift as it has been campaigning aggressively for change at the top of the company, including levelling accusations of corruption and calling, unsuccessfully, for the ousting of the company's chief executive.Worldview secured support for proposals which had been tabled for an extraordinary general meeting back in October, but that meeting was cancelled by Petroceltic after the company secured an injunction blocking the meeting from the High Court of Ireland.Alongside being unhappy about the management at the company, Worldview was desperate to block a proposed USD175.0 million bond issue which Petroceltic intended to secure against the Ain Tsila gas project.Investors seem to be in favour of the potential takeover, with Petroceltic shares trading up 36% to 15.62 pence per share on Friday morning.In October 2004, Petroceltic's share price hit an all-time high of 224.0 pence, but Petroceltic shares have fallen by around 93% since then.One of the reasons the share price has risen Friday is because investors were fretting after The Sunday Telegraph reported the company was fighting to survive and had appointed restructuring specialists from PricewaterhouseCoopers to prepare for possible administration - claims that Petroceltic has not directly responded to.By Joshua Warner; joshuawarner@alliancenews.com; @JoshAllianceCopyright 2016 Alliance News Limited. All Rights Reserved.Alliance News
23/12/2015
22:47
bu5boy: Fat boy has gorged himself on the Pci turkey ,Now he wants to sell the Stripped carcase .Well done Bri pity the share price has not ballooned like you have.Merry Christmas to all holders.
16/11/2015
16:56
hayfield: Not so sure that theirs such a great opportunity recovery if any from this low share price will be long, slow and hard fought. Whats strange though is that this is the 6th price monitoring extension in 12 days. What is causing this? It looks to me like the share price is been manipulated at this stage as today the volume was only 91k shares traded yet theirs still need for a price monitoring extension. something doesn't add up here.
04/8/2015
19:39
nextull2: PETROCELTIC AND BP??? Is Petroceltic International PLC The Perfect Partner For BP plc? By Motley Fool | Mon, 3rd August 2015 - 15:41 Share this Shares in oil and gas exploration company, Petroceltic (LSE:PCI), have slumped by over 10% today after it announced the suspension of a planned bond issue, with the company stating that, as a result of volatile conditions, it has been unable to secure financing on the terms it is seeking. In consequence, marketing of the $175m bond issue will be postponed until Petroceltic has completed the transfer of its interest in the Isarene production sharing contract. Clearly, the market is disappointed with this development and it comes at a time when the company's outlook is hugely uncertain. As well as a weak oil price hurting Petroceltic's near-term outlook, its major shareholder, Worldview Capital Management, has apparently been critical of the company's senior management team. In fact, it has been rumoured that a change in CEO is desired by Worldview, which is also unhappy with the proposed bond issue, too. Of course, today's share price fall follows a hugely challenging few months for the company, which have seen its valuation plummet by over 50%. And, with financing in the oil sector being relatively difficult to come by, owing to the increased opportunities that have become available to less risk averse investors, a delay in Petroceltic's planned fundraising could cause investor sentiment to decline further in the short run. That's because, with an array of other oil stocks trading on super-low valuations, investors have a great choice available to them, which means that they can be more selective. One oil stock that is worth choosing to buy at the present time is BP (LSE:BP). It clearly has far superior size, scale and financial strength compared to Petroceltic and, while there have been criticisms levelled at its management team in recent years, the company is riding out a lower oil price, sanctions against Russia and the ongoing fallout from the Deepwater Horizon oil spill very well. In fact, BP's share price has fallen by just 5% this year and, as its recent results showed, it is making encouraging progress in dealing with a lower oil price environment. BP is expected to at least maintain dividends over the next two years, which means that it could pay out as much as 13.8% in dividends during that period. As such, it remains a top notch income play and, with strong growth prospects being anticipated during that period, its price to earnings (P/E) ratio is set to fall to just 12.8 next year, which indicates that its shares could be due an upward rerating - even if the price of oil does not pick up considerably in the meantime. On paper, a combination of a smaller oil play and a larger, more stable stock such as BP makes a lot of sense. They may be able to balance out each other's weaknesses and provide a mix of income and growth for long term investors. However, while BP is a superb buy at the present time, things could get worse before they get better for Petroceltic, with shareholder disquiet and questions about its financing unlikely to help improve investor sentiment in the near-term. As such, it remains a stock to watch, rather than buy, at the present time. Peter Stephens owns shares of BP. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
01/12/2014
10:37
rcturner2: PCI share price performance Period Open Change % 1 week 191.00 -80.25 -42.02 4 weeks 195.00 -84.25 -43.21 12 weeks 163.00 -52.25 -32.06 26 weeks 152.00 -41.25 -27.14 1 year 148.00 -37.25 -25.17 3 years 156.25 -45.50 -29.12 5 years 412.50 -301.75 -73.15
08/9/2014
10:54
offerman: O/T Apologies for the conspiracy theory below!! PCI share price rising?? Not much in the way of trades, no news, no drilling. There must be someone who can also push buttons to take a share price up and down. Why else would would it be rising? Don`t get me wrong i still have a fair few invested here but i`m purplexed as to what actually is making this rise. If its sector sentiment then who determines how much each stock rises by? and actions the movements.
16/5/2014
06:31
seangwhite: BB will get through this in no time as he has done in the past,it is only like a small sandwich to a man with a big appetite (and head)Only way the PCI share price will go up is when BB leaves the table - finally and for good.
26/3/2014
16:02
bones30: Still only ~6.75p old money. We didn't have nearly the certainty we do now back then. Been looking at PCI share price performance vs TLW. Quite interesting.
11/10/2013
16:42
bones30: Just been watching the Oilbarrel presentation. Thought Hickey's point about the PCI share price being lower had it not been for the MRS deal was probably on the mark actually. I think it is very telling that Sonatrach have pre empted and I've taken it as a buy signal. I also agree that there's too much leader bashing going on. Noone congratulated PCI and their leaders for their (lets face it) brilliant operational success in Algeria, did they? Well they should have. Often share prices can be related to bad leadership but in this case, I'm afraid I think its simply confidence in the sector.
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