We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sound Energy Plc | SOU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.04 | 5.13% | 0.82 | 16:35:29 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.82 | 0.78 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 28/2/2024 16:24 by steelwatch 6 minutes to close and SOU is in Auction. |
Posted at 15/2/2024 14:15 by telbap On some points I agree with you, however, always an after market rns possible. I have not researched if any of the current board have personally bought any shares in sou. - in their positions would I buy shares in the company I work for when the very action I do every day earns me shares through my remuneration package? Hhmmmm one to ponder on right? Ask yourself the same question? |
Posted at 07/2/2024 18:44 by napoleon 14th At last - life in this old dog yet!Off "X" Sound Energy @soundenergyplc · 4h Approximately 5km of production tubing and well head equipment received ahead of the next stage of the well completion operations on our gas production wells next month #mLNG #transitionfuel #SOU |
Posted at 03/1/2024 12:42 by napoleon 14th Strange share price behaviour if SOU is be ready to produce soon.I gather Morrocco is helping local gas producers as much as poss. Patience required!? |
Posted at 27/12/2023 12:54 by ohdearohdearohdear Looked it up. But found nothing?I'm guessing "truely" is "truly"? Which becomes: "You truly are a corner". Now i know what a corner is, but i am struggling to understand how a person can be a corner...truly or otherwise. Please explain. Ta. Meantime, the SOU share price further down i notice. 2024 will finally see the end of the Company sadly :-( |
Posted at 22/12/2023 10:00 by ohdearohdearohdear 2024 will finally see the end of SOU imo. Sad, but other explorers in Morocco will swat SOU aside. Pity. They had first mover advantage but squandered it through a combination of bravado and incompetance.Well deserved and overdue retirement for GL. |
Posted at 04/12/2023 18:54 by jaknife steelwatch,"Aye, but after that £250k conversion, there's only £250k left outstanding and, since you posted JakNife @ 13:16, see RNS today @ 14:26:" No! That's how much of the principal that's left outstanding but there's also a huge chunk of accrued interest that needs to be dealt with. Let's go back to the original RNS: "The first tranche of the Convertible Notes comprises £2.5 million with a fixed conversion price of 2.25 pence per ordinary share, a premium of approximately 28% to the closing price of 1.76 pence per ordinary share on 12th June 2023." ^^ This paragraph is designed to sucker in retail punters with the implication that the loan will be converted at a share price of 2.25p. However, you have to carry on reading to get to the skank: "Upon conversion, interest shall be rolled up and paid as if the Convertible Notes were held to the redemption date (being five years from draw down), with such interest convertible at the lower of the applicable fixed conversion price and the average of the five daily VWAP calculations selected by the Investor out of the 15 trading days prior to the conversion date." The interest rate is 15% and hence, for every chunk of £250,000 of convertible, interest will accrue of: £250,000 principal x 15% interest rate x 5 years = £187,500 Furthermore, the conversion price for this is linked to the current VWAP (Volume Weighted Average Price) rather than being fixed at 2.25p. Hence, after the last £250,000 of principal is converted, there will then be another £1,875,000 worth of shares to be issued and the price at which those shares are issued is largely irrelevant to the convertible investor because they will forward sell the shares that they expect to receive thus creating the VWAP price at which they are then converted. JakNife |
Posted at 04/12/2023 13:16 by jaknife telbap,"Well it’s clear the MMS have zero stock, who would sell at this low price? It’s now a waiting game for the eventual value to out and if you have the nerves, buying more at these low low prices." Have you not been reading the RNSs? Sound have a death spiral loan and the death spiral loan investor sells £250,000 worth of shares EVERY month. Just last Thursday they RNSd the latest share dump: There are still oodles of shares for them to sell, after they've sold the shares arising from the principal element of the bond they then have the shares to sell from the accrued interest element of the bond and they're the ones that get converted on a VWAP basis! JakNife |
Posted at 06/9/2023 18:46 by telbap Ok if the conversion rate (sp v amount of shares need to cover the draw down) changes with the current SP, then why was the last one at 2.25p?If I got this wrong then tell me, I will change my view point...Sound Energy (AIM: SOU), the AIM listed transition energy company, advises that it has received conversion notices to issue 22,222,222 Ordinary Shares ("Shares") at a conversion price of 2.25 pence per Share under an existing GBP2,500,000 Convertible Loan Note Agreement, the terms of which were announced on 13 June 2023 ("Partial Conversion"). The Partial Conversion reduces the amount owing on the Convertible Notes by GBP500,000, with GBP2,000,000 remaining. |
Posted at 27/7/2023 10:28 by b33661 Who converted, SOU or CalVal? It's SOU's open telbap, so SOU decided. And noWonder! Watch the dumping occur. This is not a sign of confidence but a sign of desperation by SOU. Oh dear.... |
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
Hot Features
Premium
