Share Name Share Symbol Market Type Share ISIN Share Description
Red Emperor LSE:RMP London Ordinary Share AU000000RMP0 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.03p +2.30% 1.335p 1.07p 1.60p - - - 7,201 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.2 -9.0 -2.1 - 5.68

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Date Time Title Posts
20/10/201609:04Red Emperor 201016,888
22/4/201615:04RMP 0.5p. SHORT THIS SHITE TO 0.5P73
17/8/201508:30Red Emperor 2015 Fully Funded129
25/7/201205:43Feeling thirsty. Water anyone?-
10/6/201208:55Red Emperor 201216

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Red Emperor Daily Update: Red Emperor is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker RMP. The last closing price for Red Emperor was 1.31p.
Red Emperor has a 4 week average price of 1.19p and a 12 week average price of 1.15p.
The 1 year high share price is 1.65p while the 1 year low share price is currently 0p.
There are currently 425,292,776 shares in issue and the average daily traded volume is 177,526 shares. The market capitalisation of Red Emperor is £5,677,658.56.
pottermagic2310: I can see how buying at the low of 0.85p a short while back, with the Share Price being more realistic at approx. 1.33p was a missed opportunity AND how some sort of outstanding News about a new prospect might boost things to somewhere between 2.5p and 4p (perhaps)... just nervous about the lack of Market appetite for this sort of Business generally in the current Climate, especially as I'm down already here. I'm going to stick to identifying new Opportunities in other Sectors for now I think.
howie26: Potter magic. It cost £2.5m to drill Hawkeye 1 which was only a third of the cash balance. The Rmp share price went to 5.5p. What do write downs have anything to do with it?? Puntland costs had to be written down on the balance sheet from historical cash spend. Why would Rmp need a fundraiser now with £6m in the bank? They burn cash at a rate of £100k a quarter that is probably one of the best on aim. Take note that between the uk and Aussie brokers they have loaded up with over 12% of the company, even Greg bandy has 3.5% of the company now. If anything it's time to load up at a share price below cash value, not an underpin you see much on a company where the sector is starting in recovery mode. The next roll of the dice will happen this year and, I am sure you will regret not getting in at these levels come year end
dyardley: There are strange goings on over at Red Emperor Resources (RMP). Since the company announced the failure of the Hawkeye-1 exploration well, it has issued half a dozen holdings RNSs in which three organisations, including its UK broker, Brandon Hill Capital, have been steadily increasing their notifiable holdings on the open market. Yesterday, the J&J Bandy Super Fund joined the party, declaring its 3.66% stake. Today the company’s share price has risen 8.37% to 1.27p, last seen. Does the market sniff that something is afoot?When I last covered Red Emperor I wrote that this is a stock to avoid. Today’s piece might seems like I am back peddling on this, but it would be foolish to ignore the recent flurry of buying, especially considering Brandon Hill’s participation. Brandon Hill now owns 6.47% of Red Emperor, having increased its stake in the open market. This is highly unusual and a little hard to explain.When corporate advisors take stakes in client companies they usually do so in lieu of fee payments. For Brandon Hill to have bought its stake directly on the market, this does suggest it is confident something is coming.It is also interesting that the buying has been going on over here, as well as in Australia. The J&J Bandy Super Fund paid for its shares in Australian cents, as did Seventy Three PTY, which now owns 5.33% of the company.Finally, there is the J&J Bandy Super Fund to consider. There was no mention in yesterday’s RNS that the J&J Bandy Super Fund has anything to do with CEO Greg Bandy, but it is worth noting this RNS from 2012. This described a change in director’s interest. This announcement declared an indirect interest for Mr “Gregory John Bandy & Mrs Jennifer Therese Bandy - beneficial holder.It could all be entirely coincidental, but if there is a connection between Greg Bandy and the J & J Bandy Super Fund, why not declare it openly in yesterday RNSFurther digging is definitely required, but if it turns out insiders are buying this stock this will beg the obvious question, why?- See more at:
papillon: Red Emperor Resources: why these stocks should be avoided By Ben Turney | Monday 17 August 2015 This morning, Red Emperor Resources (RMP) announced that the Hawkeye-1 exploration well, offshore in the Philippines, has failed. The company’s share price is down 60%, as of writing. Once again private investors on AIM have suffered horrific losses at the hands of a pure play oil exploration company. This further calls into question the appropriateness of listing such shares on the market. The track record of pure play oil exploration stocks on AIM is horrendous. When Grant Thornton completed its report, extolling the virtues of AIM on its twentieth birthday, perhaps it should have dedicated a little time to examining the wanton capital destruction experienced across this sector. Of course, the truth doesn’t sit comfortably with the spin, but this form of financially suicidal gambling can’t be positive for the economy. The problem with putting money into companies like Red Emperor is the odds are so heavily stacked against a genuine favourable outcome. True geological chances of success are invariably much lower than the forecast estimates of “independent” competent persons. Even if a company is lucky enough to strike oil, the process of commercialisation is long, costly and well out of the reach of a small listed stock, with a low market cap and in constant need of dilutive funding. When WTI and Brent were both trading well north of $100/barrel, it was hard enough to bring the few successful projects through to fruition, but what chance is there now, with both trading sub $50/barrel? And I haven’t even mentioned the number of “colourfulR21; characters who inhabit this market place, for whom the rules are a mere inconvenience, to be trampled over at will. The only people who get rich in the small cap oil exploration sector are the paper salesman, promoting whatever the latest pipedream is, and their fee-hungry corporate advisors. Yet despite all of this, British private investors still seem to fall over themselves to throw money at stocks, which they are almost guaranteed to lose on. In this respect, I have a little sympathy for Red Emperor this morning. Although I’ve been a strong critic of the company in the past, it has done what its shareholders wanted. Having sat on its post-Puntland cash pile for so long, the company farmed into Otto Energy Philippines to take a 15% stake in Block SC55 on 2 March. Block SC55 hosts the now plugged and abandoned Hawkeye-1 well and Red Emperor’s entry into this licence saw the shares rise from 2.2p to an intraday high of 5.5p, earlier this summer. This valued the company at £23.4million, which was barmy by any sound or rationale measure, but a segment of the market got what it demanded. As with the Horse Hill hype earlier this summer, the only lesson to take away from such persistent failure is to avoid oil exploration stocks, which have already risen strongly, like the plague. In fact, better yet, it’s probably best to avoid them full stop. At 1.29p, Red Emperor is now trading at less than its post-drill cash value of £5.5million. Shareholders might take some comfort from this, but the reality is this figure is largely meaningless if the company decides to pursue another oil riches fantasy. Red Emperor mentioned today the Cinco target in Block SC55, so it looks like that is the direction it is heading in. Whether this will be enough to stimulate future interest in the shares is debatable, but it would be a wild gamble to bet on this.
tailgunner2: AIM bugs the life oota me....... Here we have good news that drill ship arrived and almost ready to start drilling, and down share price goes. I got another company where a non exec director sells 3.5 million shares indirectly thro a company ( that he owns) and share price goes up....... Couldn't make it up......
hazl: Can I just add that the Otto share price has risen in tandem with the RMP share price which would suggest that the market likes the current news rather than the reverse? IMO
red rook: Regarding the RMP action group My personal holding is not large (51,476 shares), but I fully support the RMP action group. What is important is to have a core of PIs who are willing to take action. IMO if an EGM can be called it will require only around 5%- 7% of PIs to carry any resolution. Further, I think there must be a lot of PIs like myself who read the BBs and do not post regularly, but will support action if it came to a vote. Regarding Brady's New Ventures/Farm-Ins alluded to on the LSE-BB I think that the Action Group should make crystal clear to Bandy that RMP PIs will not tolerate any deal where Bandy tries to imitate his mate Peter Landau - formerly of RRL. I think that there are a fair number of RMP PIs who like myself are also holders in RRL. I would want to know if any of the deals he is contemplating will involve RMP money going into a Landau / OKAP company or one of this other mates companies. Anyone familiar with the IOP con perpetrated by Landau on RRL shareholder's will be know what I mean. RMP still has a fair amount of cash, around £5m. If used properly in the current economic climate, where cash is king, RMP can pick up good bargains. These should benefit RMP shareholders and not Bandy's mates. Further, if he is committing to a venture/farm-in shortly then he must have been in negotiations for a few months now. Surely, with the current economic / oil-price slump, which is still ongoing, the terms of any such deal are already obsolete. Certainly a better deal, with better terms for RMP, could be obtained in a couple of months time. Regarding Bandy Pay Rise Bandy needs to justify how he has the gall to give himself a raise when the RMP share price has been obliterated. If anything the BOD should have suspended their salaries to further preserved cash whilst the company is effectively in limbo.
nash81: excellent point. see below from III and WS: pre Puntland Jul 14 (RRL 5p, RMP 20p) HRN has been in discussion with several oilers re potential puntland farm out for many months now (see my post previously). So, the latest HRN presentation just confirmed that. perhaps we should get confirmation of new additional partner very soon, could be weeks!! also, I recalled, BP very interested in that area ( hxxp:// ) so, by end of June 2014, RMP could well be 20p just for the expectation on Puntland. see analysis here in WS: =========================== lets assume that HRN will start drilling in Puntland again in Jan 2015. Remember, they have to drill 2 wells before Oct 2015, so its possible they can drill much earlier (ie later this year). But for argument sake, assume they will start drilling in Jan 2015, ie around 7 mths from now. Now, lets compare with the first drilling we did in 2012. The first puntland was drilled 17th Jan 2012. so, 7 mths prior to that would be around June 2011. in 24 June 2011 (i chose this date as easy to check share price in google): __________________RRL__________RMP no of shares= __1706.9m_______189.7m share price = ____15.5p________27.6p market cap.= ___£264.6m_______£52.3m so, now in June 2014, ie 7 mths from the expected puntland drilling, we should be around similar market cap as pre puntland drilling above. ie by end of June 2014: __________________RRL________RMP market cap.= ___£264.6m_______£52.3m no of shares= __5162.7m_______266.2m sp SHOULD BE= ____5.1p________19.6p so, just on puntland alone, for simplicity, RRL should be around 5p and RMP around 20p by end of June 2014. (ideally, will need to take account cash balance as well which for example RMP now has cash around 2.8p and any progress from Georgia will be an added bonus), CALCULATION ON RRL no of shares (i hope i am correct here) RRL no of shares: pre 6th Jun 14= 4,450,368,534 around 6th jun will be trading first tranche of shares issued part of "12m financing", ie 356,188,780 second tranche to be issued will be around 356,188,780 as well. so, RRL no of shares will be: 4,450,368,534 + 356,188,780 + 356,188,780 = 5,162,746,094 or, should i double counting the tranche issuance, then no of shares would be: 4,450,368,534 + 356,188,780 = 4,806,557,314 ========================= if any miscalculation from above, please make correction. approximation and only for guidance. any comment?? dyor
linton78: From Share prophets: Red Emperor Resources (RMP) was one of the hottest shares on AIM back in 2012 but is now looking distinctly unloved. Back then it was in the process of drilling two wells in the autonomous Puntland region of Somalia and potentially targeting billions of barrels of oil in a war-torn part of the world where there had been no exploration for many years. The share price hit the dizzying heights of 50p and large volumes of shares were traded every day, then it failed to find any oil and it turned out that the old seismic interpretations that were being used could be flawed, causing the share price to crash, and for some time now it has been trading at around 3p. The political situation is volatile and has so far prevented any drilling from taking place on the Nugaal licence, that looks to have the best chance of striking oil – the company has a 20% share in all of its Puntland licences alongside partners Horn Petroleum (60%) and Range Resources (20%) – and currently there are no fixed timelines for a return to the Dharoor area of the previous two drills either. The company has been busy shooting new seismic data on Dharoor to better identify future drill sites, although it could be some time before the drill bit enters the ground again. You are now probably thinking 'why on earth would I want to invest in that' but I believe that the current share price gives enough potential to make it worth the downside, of which there would seem to be little currently in the absence of any bad news and given that it has formed a base in the 2.5-3p range. Despite the difficulties in the region, the tens of billions of barrels of oil which are believed to be beneath it are attracting some of the biggest players in the industry again, including Shell and ENI which both pulled out in the late 80s when the war began and have now indicated that they want their licences back in Somalia to re-commence operations. Any other drills – or even just fixed plans to drill - in the region in the meantime by other operators would also have a knock-on effect to the share price here, if they were to find oil in commercial quantities you'd see a substantial rise, and given the low starting point any duster would be unlikely to cause much of a drop. Aside from Puntland, Red also has a share of a number of blocks in Georgia offering the potential for both oil and gas, some of which would be targeted by shallow drills that are quick and lower-cost, and there is talk that it is currently seeking a partner to farm into that and cover the initial costs of getting things moving, given that it is a couple of years since the last drill there. In terms of funding the company has more than enough to keep it going until any operations commence – it had over A$11 million in the bank at the last quarterlies and was burning cash at a rate of A$647,000 per quarter - at which point if it does need to raise further funds it would likely be at a higher share price than today anyway. For me this is a share to buy whilst it is relatively cheap, and then just hold until there are developments in Puntland and interest returns, as the share price here can move very fast once it gets going and could easily be multiples of the current level on the right news. But you also need to bear in mind the high risk and political instability, so it isn't one to put your life savings in!
snurkle1: This was posted on iii by Bel. Makes much more sense. Share price on commerciality will depends on No of Oil recoverable (plus some hype for knowing shabeel-N will be a gusher too which you can't really factor in). BUT here is an estimate to what to expect based on £3 a barrel 258m shares in issue 5% due Hype from Shabeel-N Reco Oil (total).............100mbbl....300mbbl.......500mbbl........1bbl...............3bbl Reco Oil Net to RMP.......20mbbl......60mbbl........100mbbl.......200mbbl.........600mbbl RMP Share price............25p............75p...............122p..............244p...............750p The above is give or take 0.5% for rounding up too Hope this helps Moral of the story is this is no longer a Duster drill we know we have 20m Net pay that should be commercial and will underpin our share price to 25/30p so risk is almost gone now....but lets hope we get 4 Pay zone with about 200m Net Pay and Get rolling towards 250p in few days... Bel
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