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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lb-Shell | LSE:LBP | London | Ordinary Share | GB00BNB7LQ31 | ORD 0.01P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0275 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.025 | 0.03 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.0275 | GBX |
Lb-Shell (LBP) Share Charts1 Year Lb-Shell Chart |
|
1 Month Lb-Shell Chart |
Intraday Lb-Shell Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 01/10/2018 | 10:36 | LBP - A shell ? ( formerly IEH ) | 34 |
| 09/7/2018 | 00:50 | LB-Shell (LBP) One to Watch on Monday | - |
| 01/7/2018 | 15:56 | LB-Shell (LBP) One to Watch on Monday | - |
| 25/6/2018 | 02:49 | LB-Shell (LBP) One to Watch on Monday | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 25/6/2018 02:49 by danieldanj LB-Shell (LBP) Earnings-Reaction to Keep an Eye |
Posted at 07/5/2018 09:45 by tomboyb Shell survives but looks like shareholder wipeout with the CLNs -CLNs convertible at 0.025p Vs a current share price of 0.225p - I suspect with new funds of around £435k raised at that price over 1.5 billion shares to be issued to the new directors and peterhouse - |
Posted at 14/11/2017 14:56 by the stigologist Best explanation of situation I've readOtherwys Posts: 137 Answer Opinion: Strong Sell Price: 0.25 Full story hereToday 14:51It feels like there's a fair bit of confusion about this company. I've been following the story for a while, so for those who are interested here it is in a nutshell. IEH (Intelligent Energy), a fuel cell company with lots of good IP, got into financial difficulties and managed to find someone to bail them out. That was Meditor (with a few minority partners), the bail out was in the form of a Convertible Loan Note (CLN), no-one else was interested in putting any money in. The terms of the CLN were pretty punitive, and the CLN holders had security over the operating company which owned all the IP (not the listed holding company). IEH continued trading, hoping to start making sales and profits enough to dig themselves out of the financial hole. They couldn't manage it, and finally ran out of cash around end September this year. No-one was willing to put any more money in. So IEH sold the operating company and all the IP to Meditor for £19m; then used the £19m to pay off the CLN (I think this was about 65p in the pound). So Meditor got the operating company and the IP, plus 65% of their CLN investment back, whereas the other minority CLN holders took a hit of c. 35% on their investment. The company said in an RNS in black and white that there was no value left in IEH shares. With no operating company, IEH no longer has a business; and having paid off the CLN it has virtually no assets. They have made clear their intention to delist and wind down, they have said that the remaining assets will just about cover that and there won't be anything left for shareholders. They have now changed their name, I expect this is probably because Meditor now own the operating company that still trades under the name "Intelligent Energy" and they don't want any confusion. What's now listed is just a shell, it no longer has any link to Intelligent Energy. All of the above can be verified by reading the RNSs issued under ticker IEH. It's a bit convoluted, but it's all there. As to why they've set up a new website, well I haven't bothered looking at the website but I wouldn't be surprised if it was a listing requirement these days for a company listed on LSE to have a website; even if it's in the process of delisting and winding up. I imagine delisting can take some time. In any event, I personally would not touch this company with a bargepole; I will run a mile if any company I'm invested in starts dealing with Meditor; and I have put the names of the IEH directors on a personal list of directors to avoid like the plague. Anyone investing in "LB-Shell" in my view would be better off sticking their money on Red 12 and taking a spin of the roulette wheel... GLA Otherwys |
Posted at 03/11/2017 14:44 by microscope LBP Bid:0.15p Offer:0.34pShows what the market makers make of it anyway.... :) I tend to think they're right. Suspect Falia and chums been left high and dry... or low and wet more like! |
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