Plectrum Petroleum Share Discussion Threads

[sikhthetech] 22/3/2020 20:38

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[grosvenor] 01/10/2015 20:21

PPE is a VCT and is going XD on 8/10/15 with a 30p dividend. The share price is only 79/85p . Since that is over 30% return on the 85p buying price. The shares are traded at the moment at extremely low volume. As you can see, there is a 6p spread, which means (assuming the share price remains reasonably stable, which it has over the last year) . This means a 24p profit per share. So on 1000 shares for example, x 24p = £240 profit less dealing costs, say £25, still leaves £215 possible profit (21.5%)


Usually as you know, when it comes XD the share price drops. I cannot see it dropping by 30p! , the amount of the dividend payout. I have contacted Hargreaves & they said dividends from VCT's can be paid from assets giving profit. Since this VCT had 7 companies & now has 4 it would appear they are able to pay out this high dividend from profits already made selling the 3 companies.
On the downside, the share price drops 30p which means the dividend is wiped clean which gives 6p loss per share X1000 shares = £60 + £25 dealing costs over a couple of days.

Any ideas anyone?

[stockologist] 13/1/2014 17:05

Fracking is pointless.

[stockrates] 10/1/2014 23:52

True wisdom comes to each of us when we realize how little we understand about life, ourselves, and the world around us.

[aristockle] 10/1/2014 23:49

A great idea for a thread.

[gwr7] 07/9/2007 12:05

Obvious who was wearing the trousers in those negotiations.

[ferty] 07/9/2007 12:04

13p will give me a 28% profit.Though i had bought into this for the long term and cannot say i am too chuffed.

[gwr7] 07/9/2007 09:34

Seems a bit abrupt. 13p is hardly going to have them dancing in the streets.

[pharmawotsit] 07/9/2007 07:55

Well there goes one of the 11,180,770 lots already. No hanging about is there ?

[jumbo66] 07/9/2007 07:33

ohrr well [hd]:-))0

[steelwatch] 07/9/2007 07:24

ferty - Predator at the door - see latest news.

[ferty] 06/9/2007 15:46

Does anyone know if this been tipped by someone in the last few days.Just wondering as i have not seen any news from the company.

[aim_trader] 28/8/2007 12:03

"28th August 07 Plectrum Petroleum: Will advanced technology pay exploration dividends?

Plectrum Petroleum is an early stage exploration company with big hopes and some interesting exploration areas. Investors will be hoping that the experienced management, and state of the art technology, will deliver higher than average commercial strike rates "

[ryanandbethanjones] 24/7/2007 12:21

Slowly but surely Plectrum are making progress



Plectrum announces intention to convert Nabeul Permit

Plectrum is pleased to announce that its wholly owned subsidiary, REAP Tunisia
GmbH, has notified the Tunisian authorities of its intention to convert the
Nabeul Prospection Permit into an Exploration Permit. This follows the
successful acquisition of 3,178 km of 2D marine seismic reflection data which
was completed ahead of schedule and within budget on 23rd June 2007.

The data gathered from the just completed seismic programme will provide a much
higher definition of the twelve prospects already identified from reprocessed
existing 2D seismic data.

[pembury] 11/7/2007 08:31

possibly Z45 now.

[jumpin_jackflasher] 13/6/2007 00:17

Norway3, where's the news?

[norway3] 13/6/2007 00:12

Plectrum Review

[steelwatch] 15/5/2007 19:07

Plectrum Petroleum PLC
15 May 2007


Plectrum Petroleum Plc

RESULT OF AGM

Plectrum Petroleum Plc ('Plectrum Petroleum' or 'the Company') (Ticker: PPE),
the AIM listed oil and gas explorer, announces that at its Annual General
Meeting held today, Tuesday 15 May 2007, all resolutions put to the meeting were
duly passed.

At today's AGM, Executive Chairman Mike Whyatt made the following statement:

'I am pleased to report that since the publication of our Annual Report we have
had interest from the industry in participating in the exploration of each of
our assets in Tunisia, Australia, Peru and the UK.

'This industry interest has of course to be converted into farm-out deals,
however judging from the number of enquiries and visits to our dataroom we are
hopeful of making that happen.'


Contact etc:


For further information, please contact:


Plectrum Petroleum Plc

www.plectrum.co.uk

Mike Whyatt, Executive Chairman 01330 826 710


Blue Oar Securities Plc

Olly Cairns 020 7448 4400


Aquila Financial Ltd www.aquila-financial.com

Peter Reilly 020 7202 2601


This information is provided by RNS
The company news service from the London Stock Exchange

[dylanrab] 08/5/2007 22:18

Three large 100k trades going through today, all look like buys. This could be on the move very shortly.
Anyone know if we have any announcements pending ?

[oscar de la hoya] 01/5/2007 09:22

Great thread guys, a real interesting read.

Keep up the good work!

[qpfc] 26/4/2007 08:49

cross post from Motley Fool