||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Sterling Energy Share Discussion Threads
Showing 32901 to 32924 of 32925 messages
|I have given up on this sold and took the loss. They have done no work for far too long producing very little. Though with my luck the share price will take off and you'll all make a fortune so good luck to all who stay with it|
|Lets hope the new Directors have more ideas than the last lot. That will not be a difficult task! Invest the cash pile or give it back.|
|It is interesting that YF Financial became a 15% holder in April 2016 but the Company failed to RNS this until 5/1/17 due to an oversight. I don't believe that it was an oversight. I accept that the Directors only come out of hibernation for a few days per year to collect their unearned salaries. But as they have done nothing for several years other than sit on a large pile of our cash which is not reflected in the share price, it seems incredible that they failed to report a major change in a shareholder which was probably the most exciting thing that has happened for years.
The Directors continue to be an absolute disgrace.|
|Bit of a tick up COB|
|It appears that Sprott have sold their entire holding to YF Finance giving them 15%|
|gpx has a £250m asset|
mr genel energy
|merge with GPX...
syria war should be over by next year.|
mr genel energy
|Thanks for that SQ. It gives a clear picture as to where SEY has the drilling rights, so along with Tullow they should be thinking of going for the gas we hope...we have to have a dream don't we, after all at the moment we only have a diminishing oil drill which is just paying the directors wages :-/|
|Kosmos have the adjacent blocks C8, 12 and 13 (Sterling has C10 block).
Seems to be mainly gas discoveries (AKA failed oil drills).
|I see BP has taken a large interest in a Mauritania block, we have a 13.5% interest in Mauritania...any hopes SEY is going to benefit in this area now?|
|Decent volume today....someone still hoovering stock at times....maybe a push to and past recent highs.|
|The board of this company is a total disgrace. They are clearly totally incompetent and the only honourable thing to do is give us all our money back by liquidating the company.|
|The CEO's role with SEY is his eighth job in 10 years, so he doesn't have much of a track record for sticking around.|
|I am now firmly of the opinion that most aim market companies are run by chancers and third rate executive losers.
Take this statement from SEY's website:
"We are focused on delivering value to shareholders through a disciplined business model, via successful and sustainable exploration projects with the ability to be monetised during the lifecycle value chain at the appropriate time."
FFS, unless it is intended as a statement of irony, which part of "delivering value to shareholders" equates to a company having a market capitalisation approaching a third of its value in cash reserves?
Without Chinguetti production/income these leeches will eventually whittle away the cash balance to nothing.|
|I was hoping that something would've happened by now....|
|Some chunky trades going through....something about to happen?|
|You must have had an angel guiding your hand!|
|Ohisay, I invested in this when I was trying to invest in Sterling Resources. How do you like that?|
|I doubled up this morning - easy to see a story here with recent asset rationalisation and personnel of one kind and another leaving.
The remaining NED associated with 30% of the company,£75m cash appreciating by the day as the £ goes down the toilet vs 35m£ market cap.
Up for sale with a paper offer or a wind up I reckon.
I've invested in worse ideas WB.!|
|Ooops. I think I read that, now you remind me. So that's it, Kroupeev is going to grab the cash?
Edit: I confused Beardsall with Jersing . Sorry.|
Beardsall retired in May
11 May 2016
Board Changes and Director Appointment
Sterling Energy plc (“Sterling Energy” or the “Company”;), the AIM listed oil and gas exploration
company (AIM: SEY), today announces that its Executive Chairman Alastair Beardsall will be retiring
from the Company with immediate effect after six years of service for personal reasons. Mr Beardsall
will also retire from the board of directors of the Company (the “Board”).|
|It looks out of date already, unless I'm mistaken. A week ago Sterling put out an RNS about the abandonment of the Ntem concession, yet it is included in the Presentation. It does look like a mistake.
I'm struggling with the politics here. Obviously there was a deep rift between Kroupeev and the Chairman and his allies, and I'm not sure how much of this Presentation has the support of the new chairman Beardsall, and whether it indicates Beardsall and Kroupeev are united about the future direction. That seems to me critical - Beardsall was enthusiastically welcomed aboard as CEO a few years ago after years of stagnation, and the failure to move forward has been disappointing. Has he been baulked, and is that now resolved?
Kroupeev is not transparent so the only answers will presumably come from Beardsall himself.|
New presentation as of last night.|
|Maybe the expression:
"due to strategic differences on the future direction of the Company"
(taken from the latest RNS)
..is a euphemism for auto-dissolution?|