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SMDR Salamander

79.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Salamander LSE:SMDR London Ordinary Share GB00B1GC5238 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 79.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 79.50 GBX

Salamander Energy (SMDR) Latest News

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Salamander Energy (SMDR) Discussions and Chat

Salamander Energy Forums and Chat

Date Time Title Posts
09/9/201710:28Salamander Energy - Asian production and exploration play2,211
21/11/201415:11SALAMANDER ENERGY (SMDR): CHART AND DISCUSSION THREAD3,106
16/8/201010:28Salamander8
07/4/201013:12Salamander Energy27
03/12/200907:35Salamander6

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Salamander Energy (SMDR) Most Recent Trades

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Salamander Energy (SMDR) Top Chat Posts

Top Posts
Posted at 05/3/2015 13:47 by speedsgh
ammons - SMDR listed at 250p at the end of 2006 + the share price peaked just above 350p in Q2 2008. The value destruction has been pretty much relentless ever since (unless you were lucky enough to pick the bottom falling out of the equity markets later in 2008). Apart from the sharp drop/rebound in the oil price in 2008/09, the oil price has been at very attractive levels throughout SMDR's listed history until falling through the $80 level in Nov 2014. So I think it disingenuous to suggest that value destruction was largely as a result of "the oil price falling off a cliff". With the exception of 2008/09 + the recent fall, the oil price has been largely supportive. It would be v interesting to plot the SMDR share price against POO since they listed. Aimho.
Posted at 04/3/2015 13:24 by ed 123
Value destruction? Yes!!! Salamander's management had long enough (eight and a half years as a listed company) and a couple of raisings, to get some sort of result for shareholders. Outcome? ........ share price fell from 250p at ipo to c.80p (including a small takeover premium). Obviously, a poor investment for anyone who held throughout.

To me, the takeover looks good for both sets of shareholders. SE Asia, shallow oil and onshore gas from Salamander balances the Africa, deep offshore gas of Ophir - spreads risk.

Will Ophir's management do any better? The cash on Ophir's balance sheet gives it a great chance. FWIW, I would prioritise onshore Kalimantan gas (big licence area) - relatively low cost, low risk, almost unaffected by the oil price and should be fairly readily saleable for local consumption or generation.
Posted at 06/2/2015 08:30 by loglorry1
OPHR vote on all share bid at for OPHR:SMDR at 0.5719:1 today at 11am. SMDR trades about 7% discount to implied merger price now.

SMDR vote at 1.15pm today
Posted at 24/12/2014 21:47 by dlm2602
Wbodger, I sold my OPHR shares and swapped them for SMDR to take advantage of the divergence weeks ago. However there are risks in this. 1) The deal doesn't conclude as expected because either OPHR walks away or attempts to renegotiate terms at a worse conversion rate for SMDR shareholders or 2)Someone makes an opportunistic bid for OPHR as cash is greater than companies mkt cap, conditional on pulling out of SMDR deal. I think the market is telling us that they do not expect the deal to complete as the divergence seems just too large. I took the view that OPHR are very keen to buy SMDR (I think the ex SMDR FD now holds the same post at OPHR so he knows exactly what he is buying and the worth of SMDR)and will want to see it through. However he cannot control any opportunistic bidder coming forwards and trying to take out OPHR. I topped up with some more OPHR shares just in case!
Posted at 09/12/2014 08:43 by loglorry1
I'm in here for a decent sized slug at 60.6p.

SMDR operating costs of $16/boe should mean they can withstand a low oil price environment and although I've never understood how the Thai tax system works - taxes should reduce with oil price.

The OPHR bid will likely go through still and OPHR's cash backing should provide a floor on the SMDR price. Also the $400m or so of debt at SMDR (which is not at all attractive) won't matter if it is subsumed by OPHR.

OPHR have great assets if you believe in the long term viability of LNG exports to Asia which has a lot of merits so I'm ok to hold OPHR and hopefully they can do great things with their cash in this environment.

Log
(also hold a bit of OPHR)
Posted at 07/12/2014 19:11 by nigelpm
And worth noting that Nigelpm has been completley wrong about SMDR price action since i can remember....

Indeed. It's not a competition. Most on here are surprised at the share price.
Posted at 07/12/2014 18:20 by pineapple1
nigelpm 6 Dec'14 - 20:39 - 2071 of 2074 1 0

Worth noting pineapple was only "right" because of the fall in the oil price

LOL

And worth noting that Nigelpm has been completley wrong about SMDR price action since i can remember....
Posted at 05/12/2014 09:24 by tiswas
So the bid is worth 79p at this moment in time v 67p SMDR

Upside

OPHR share price recovers
Another bidder

Downside

OPHR share price falls
OPHR pulls out

I think the very last one is unlikely because OPHR know they are getting a bargain. So I think we have 20%+ upside from here and I have topped up.
Posted at 21/11/2014 11:55 by loglorry1
But large shareholder in SMDR and OPHR also happy to sell their SMDR stake to CESPA for the right price. Either bid is win/win perhaps more so if SMDR assets are not as good as OPHR think so.

Perhaps large holder in OPHR/SMDR happy to play it this way to get better price from CESPA.

CESPA did well on Coastal Energy purchase and may well see a similar situation here.

It's really not that easy to say but good to have multiple interest.
Posted at 21/11/2014 10:32 by nigelpm
SMDR share price not taking any of this into account - odd to me.
Salamander Energy share price data is direct from the London Stock Exchange

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