We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sarantel A | LSE:SLG | London | Ordinary Share | GB00B9MRZS43 | 'A' ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.30 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
22/5/2013 14:34 | Quarterly results out: Breagh on-track for first gas July/August, but costs have risen AGAIN by £4.8m net to Sterling, after sidetracking required as a result of liner problems in 5th well. | marben100 | |
21/5/2013 20:15 | No market for the product, seems to me. | investopia | |
21/5/2013 19:41 | BroncoW - exactly - plus over a number of years. | snowyflake | |
21/5/2013 18:23 | Should have said "Wither's ridiculous wage will exhaust our cash by the middle of June 2013 as there was no way he was going to forego his salary to try to help the company." | broncowarrior | |
21/5/2013 17:21 | ih_215233, You must be joking or that was a tongue in cheek statement. This company has been through both boom times and recession and they have never managed to do anything. Their forecasts for all the years that they have been in existence has been so far out that you wonder if they toss up a coin to decide what they will announce as their target for the succeding year. I have seen a lot of poor management but not as bad as this .. maybe I have been lucky investing not to have come across worse ... but somehow I do not think so. They can't even forcast what their operating expense will be over a 6 months period to ± 50 % accuracy, at least I hope that is the case , because if not that will imply that they knew but was telling the investors something else. They are incapable of making the basic decision or forcast market trends. Firstly they were going to sell the company .... then not going to sell it all because they got enough money to operate for an extra two months. In between they almost doubled the share on issue for a paltry amount. Now they are going to sell again. ... I wonder what share holder value they added in that 2 extra months. In fact assuming the company is worth the same as it was two months ago, which it will not as they have to panic sell now, due to the doubling of shares the share holder value has halved. You do not need an MBA to know that if as a business, after making a careful analysis, you decide that the best option is to sell the business, the fact that money became available to help you operate for another two months is not enough grounds to reverse your initial decision. The money just provided you with time to do an orderly disposal rather than a panic sell. Before they make a decision to reverse their initial intention and continue in business, you should thought that a competent management would have covered all the bases to ensure their is sufficient money available to make a go of it rather than a temporary reprieve. There should have been at the laest an irrivocable commitment from investors that they will provide the required funds, if this is not there then their is no point in halving shareholder funds just to be back to where we were two months ago. The earliest these mob gets into the unemployment queue the better. I did not have a crystal ball but I did forcast that we will be back to this point. History with this management has told me that no person in their right mind will give this management money. I did not see them getting any money from the city. | buggy | |
21/5/2013 16:39 | Not necessarily bad management, unable to attract sufficient customer sales during recession, more accurate IMO! | ih_215233 | |
21/5/2013 16:09 | Institutional investors will probably end up buying it on the cheap if it goes into administration.Good company,bad management. | johnyee 7 | |
21/5/2013 15:12 | I am glad that the institutional investors who gave them money in the last placing will lose their stake same as PI. They clearly thought that they could turn over the shares quickly by punting them on the open market before the PI were left carying the baby. Having taken their stake at 0.1, they found that there is no appetite by PI to buy it off them and they were stuck with the shares. Why exactly SLG management decided to alter their initial strategy to sell the company .. if not purely to ensure that they are still in employment, I could not for the life of me work out. They have shown that they are incapable of turning this business into a viable company. They have declared that it will now take at least 5 years to break even, not withstanding DW statements over the last few years that they will break even several years ago. Inspite of these some inst thought that there is an upportunity to quickly turn over a slug of shares. if they really did believe that this group can deliver, enough to have given them the money the last time, then maybe they should have continued to pour more money in. Now all of a sudden they are back to where we were, before some mug of institutional investor decided to give them more money to pay for an additional couple of months' salary. In doing that we have now more shares in circulation so assuming the company could be sold there are more shares to divide the proceeds without any value added to the company by the money that this management has squandered over the last few months. I will lose a lot as most already know. I am however consoled by the fact that at least the greedy Inst investors who poured more money to take what they considered a cheap share, that they could easily off load to PI in the open market, will be out of pocket same as us. | buggy | |
21/5/2013 13:52 | Corporate strategy update Since the end of March 2013 the Board has had extensive discussions with prospective investors and while the Company has received strong expressions of interest from a number of existing and potential new shareholders, the Board concluded that the amount of funding that the Company could secure at this time would fall substantially short of the quantum required. Accordingly, the Board determined that a sale of the operating business would be in the best interests of Shareholders and is pursuing this option with the intention of concluding a transaction as soon as possible. Another u-turn by the Board. The sooner they go the better | plunge | |
15/5/2013 00:22 | Beverley got a mention in IAE's exploration update released alongside its quarterly results on Monday: The paragraph is titled "Beverley farm out". It refers to a farmout of Beverley by IAE to Shell and contains this "... the license terms [require] the well to be drilled by early 2015. SLG previously farmed down from 60% to 20% in return for a carry on the Exploration drill. Ithaca have handed over 20% of their 40% in return for a carry, so Shell will drill it at their full cost, and keep 60% going forward; SLG and IAE will have 20% each. | wbodger | |
15/5/2013 00:16 | Peace In Our Time: Azancot continues. No mention of Breagh. | wbodger | |
14/5/2013 12:11 | buggy My one hope now is for the major shareholders to take charge of this outfit and enforce fundamental change. Fortunately the board and management don't have sufficient control to resist. | plunge | |
14/5/2013 12:01 | Plunge, I thought they should have continued with the initial plan to sell the business to someone that has an idea of what they are doing. But the management sees a chance to continue paying themselves salaries. I was surprised the institutional investors supported them ... but then they probably got won over by the promise of taking the initial trance of shares @0.1 when the market price was 0.22p. That would have afforded them the opportunity to offload into the market and make some return at least on some of their investment. I am glad they are now locked in unless they are planning to dispose their shares in 25,000 shares tranches. { even that will drive the price down once they sell a coupe of tranches}. Since they has stated that the company will not be in a position to make profit for at laest 5 years......the money to be raised will just about cover the company's operating expenses, which is mostly salaries, for less than 2 years. I would imagine that if they can pull the wool over investor's eyes and keep getting funding by share issues... we would be nearer 5-6billion shares outstanding before the breakeven point...if we ever get there. Personally I think they will either have to sell the company or go burst as we run out of money. | buggy | |
14/5/2013 10:30 | Perhaps a change of leadership will renew confidence in the business and ensure a better outcome in getting the required funding. Wither's credibility in the City must be very tarnished. | plunge | |
14/5/2013 10:13 | Kamy, Think the results are dire and they know it, same as it has been over the years. As for new share issue, think they are stuck there as there is no demand or appetitite to throw more money at this from PI nor institutional investors. [ They must be fairly close to running out of the money they raised, so should have brought out the begging bowl if they thought there is a chance of getting something.] .. I think the grand plan and sweetner to the institutional investors was that they get issued the initial tranche at 0.1p. They could then offload these into the market at current prices pocketing a healthy profit. Later on PI will be offered shares at same price and the price will inevitably fall to 0.1p and we would be left holding the baby. Currently the institutional investors that took this initial tranche at 0.1p are stuck with the shares as there is no demand for the shares so they could not sell, they are locked in. If however SLG will manage to release a postive RNS that will give the instititutional investors an opportunity to sell into any demand. | buggy | |
13/5/2013 19:09 | The only reason I can think of or the delay in results is that they intend to issue them along with the share issue and any further RNS that will strengthen their bid to raise capital. I would start getting worried if we haven't heard anything before the end of the week...maybe Thursday. Can't see half a penny....0.2 pence would be closer to the mark I reckon | kamy_stoke | |
12/5/2013 11:29 | They probably don't have anything to say.....an rns announcing a sale for half a penny a share would be nice. | broncowarrior | |
12/5/2013 09:49 | I wonder if we are going to get a trading update soon. In the past these usually came out in late April. Why the delay? | plunge | |
07/5/2013 22:19 | Plunge, that was an old article... at least I have seen similar just after SLG opened their Japan office. | buggy | |
05/5/2013 21:03 | Chris Muir, Director of Sales, Sarantel: Yoshiyuki Sato and his colleagues in Japan have helped us accelerate our business development in Japan, working with them has enabled us to engage with the right companies in a fast and efficient way. Their daily support on the ground in Japan has been invaluable in helping us develop our business there, in a way that we could not have achieved by ourselves working remotely from the UK. The question is how recent is his statement? | plunge | |
04/5/2013 14:03 | US military approves Android phones for soldiers Given this development, I wonder whether the US Department of Defence will insist that these phones have the same GPS capability as that installed in Rifleman Radios. Perhaps an opportunity for Sarantel !!! | plunge | |
26/4/2013 10:01 | This whole debacle of Breagh and finances has tarnished this company. They need to make a 'clean break'. Secure all finances by fully selling out of Cladhan, which give the funds to fully cover Breagh. Sit tight, THEN, once Breagh starts gushing cash, look to take the business forward. I see stormy seas ahead of the listing vessel SLG, they need to patch up any holes now. Cash | cashandcard | |
26/4/2013 09:52 | c&c You old cynic you. Breagh delayed again? Stop the presses. I've stopped hoping. Surprise me RWE, make an announcement that a new source of North Sea gas is coming ashore. I'll clear my calendar, I can cut a ribbon ... | wbodger | |
26/4/2013 09:09 | grey, Yes. That would be correct - then maybe a full sale deal to TAQA. Have a feeling Breagh will get delayed yet again. The cash will be helpful. Cash | cashandcard | |
25/4/2013 11:25 | Interesting, maybe time for SLG to farmdown some of their stake in Cladhan now the FDP has been approved Mm, as far as I can see they only have clear title on 2% of Cladhan at the moment, so not much room for that. Peter | greyingsurfer |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions