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Share Name Share Symbol Market Type Share ISIN Share Description
Afentra Plc LSE:AET London Ordinary Share GB00B4X3Q493 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.40 -1.34% 29.40 156,055 16:35:09
Bid Price Offer Price High Price Low Price Open Price
29.40 29.50 29.50 29.50 29.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -3.69 -1.70 65
Last Trade Time Trade Type Trade Size Trade Price Currency
17:59:10 O 5 29.402 GBX

Afentra (AET) Latest News

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Afentra Investors    Afentra Takeover Rumours

Afentra (AET) Discussions and Chat

Afentra Forums and Chat

Date Time Title Posts
03/2/202322:30Afentra PLC - energy transition in Africa568
23/12/200808:14Canadian Energy Trusts19
09/10/200608:38AET with Charts & News1

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Afentra (AET) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-02-03 17:59:1229.4051.47O
2023-02-03 16:35:0929.40195.59UT
2023-02-03 16:18:1729.465,0001,473.11O
2023-02-03 15:49:3329.5082.36O
2023-02-03 14:33:5529.502,576759.92AT
View all Afentra trades in real-time

Afentra (AET) Top Chat Posts

Top Posts
Posted at 24/1/2023 16:20 by mount teide
The share price manipulation through the use of automated trades(BOTS) going on this afternoon is laughable.

A 227 BOT trade triggers a 2.76% drop to 28.2p, following which there were 55k of O trade buys at average of 28.8p that had NO impact on the share price, because 2 small BOT trades totalling 10k were used to keep the share price at 28.1p.

Posted at 13/12/2022 11:38 by dr rosso
Transfer, not a sell.

Zion SPC held 21.7m shares in a Caymans Fund called Light and Salt Capital Management Group Fund.

Follow the Zion trail and it takes you to the original backers of Afentra upon its t/o of Sterling Energy. Meridian Capital is at the centre, with a couple of prominent Kazak businessmen, YF and AA (Askar Alshinbayev). Same group is behind VOG, LEK, PTAL, TAG. Askar Alshinbayev is a Founding Partner of Meridian Capital Limited.

Where it gets interesting is that a co-founder of Meridian is Gavin Wilson. He is a NED at Afentra. In August he personally acquired £74k worth of Afentra shares, bought at market price. The 3 main Ds have also picked up a substantial number of AET shares. McDade and Wilson each own 3m. Cloke has 2m.

Rather than dumped, those 21.7m Zion shares have been shifted somewhere.

Bodes well, as it suggests Afentra's Angola deal closure is very close now.
Followed by Somoil-Sirius, we hope.


Another interesting snippet is that from 1992 to 2003, he worked with Canaccord Capital London, an investment banking company, as Head of Oil and Gas, responsible for sales and Corporate Brokering/Finance. No doubt he worked closely with JP & TH now at Sirius Petroleum conclusing their own Angola Blocks 18 and 31 deal with Somoil.

Some one in Hong Kong took up the 21.7m


HTTPS://uk.advfn.com/stock-market/london/afentra-AET/share-news/Afentra-PLC-Notification-of-Major-Holdings/89763820

HTTPS://uk.advfn.com/stock-market/london/afentra-AET/share-news/Afentra-PLC-Notification-of-Major-Holdings/89763818

Our Almaty, Kazakh investors, YF and AA rewarded with an extra 8m and 13m respectively. These 2 billionaires were original investors in Sterling Energy, into which AET rto'd in May 2021

Posted at 11/8/2022 06:35 by ashkv
I am here similar to popping up on COPL/EME on another forum a few months prior - while folks were going bananas over the so called mega find in Wyoming/mega prospect in China - to provide a tempering view...

When I was a newbie I found such advice to be immensely helpful as it helped provide a counterpoint to the often one way hype on share forums...

COPL rampers viciously attacked me similar to the rants from AET ramper loons Tazerface and Kevjones2 with their recent unhinged rants aimed at me...

Not equating AET with COPL or EME but an investment where the other side is presented and rationalized/internalized - and if thought through rejected is generally a positive - would you not agree?

I did my analysis on AET as I have been following it from the get go - my risk model is such that I prefer not to gamble and seek to curtail risks and where possible enter when upside is clear..

Similarly I was also providing objective view on EME prior to its dud well offshore China... Chariot Energy is an example of where I monitored and than entered - and I still find the investment case compelling...

I did my analysis on AET post its acquisition details yest as I intended to ride the upside if market had not fairly priced... maybe I am wrong but for a transaction in a less developed country with an iffy government which hasn't even closed yet I do believe the market has more than fairly priced the transaction..

Super happy folks made money on AET - and the acquisition is certainly not a dud...however, it is not a blockbuster acquisition with near term upside... 25-26p or thereabouts is a more than fair pricing... more so relative to other oiler... over time it should deleverage and equity increase... however this formula is not playing out for many oilers ENQ, HBR etc....

I prefer not to short unless a bankruptcy situation etc is imminent for example Xcite energy etc

Posted at 11/8/2022 05:28 by ashkv
From AET RNS -> "Core 2P reserves valuation of c.$185 million1 with significant upside potential"

Above from AET CPR Deck with Brent at $98 for 2022 - which is above where it is trading at present.

The above NPV10 is prior to taxes and Admin costs etc - whereas at 26p Share price Enterprise Value is US$128million - AET is richly priced at current compared to most other E&P firms on AIM...

Also the team from Tullow is unproven - and Tullow itself is not a great place to make your record... look where the share price is relative to where it was...

Laughable that the AET crew is trying to equate themselves to Andrew Austin...

Transaction hasn't even closed and the valuation of AET with a less developed country asset is only 25-30% below management NPV10

Please check out Savannah Energy, TXP, Serica Energy, IOG, GKP, Energean, HBR, ENQ etc etc for far more compelling investments with far less risk and more assured upside...

Posted at 10/8/2022 12:15 by ashkv
Page 8 of the presentation - conveys a NPV10 for Angola assets acquired by AET at CPR deck prices ($97 in 2022) of lower than $200mn.
hxxps://afentraplc.com/wp-content/uploads/2022/08/Angolan-Acquisitions-Resumption-of-Trading.pdf

At 25p share price Enterprise Value for AET is approximately $165mn...


Now if one were to take the NPV10 of Touchstome exploration the share price would be well over 200p....

Posted at 10/8/2022 09:59 by ashkv
Stock Hunters it appears you are a newbie - should look at Enterprise Value = Market Cap + Debt - Cash for a full picture - as market cap per se is not representative more so when a firm has a lot of debt.

At today's Share Price levels for a deal that is yet to be completed AET is trading at a free cash flow which is approximately 4 times current Enterprise Value...

Whereas a firm like GENL at 137p share price is trading at 1.27 times its projected 2022 Free cash flow of US$250mn - and most other oilers in the same boat...rock bottom bargain prices...

As I conveyed - AET is not cheap... maybe it grows and rewards share holders but after today's rise is more than fairly priced for present business circumstances... let AET management provide the uplift in acquired assets and hopefully share price will reflect...

Posted at 10/8/2022 07:33 by ashkv
Stockhunters - would your feedback re the below which I am reposting ->

REPOST

My back of the envelope valuation of Enterprise Value per barrel for AET's Angola acquisition

Please advise if I am on the right track? And if any figures are incorrect - on the face of it would appear that AET at 26p is not a cheap share given it is Angola and comparable valuations of GKP, GENL, PHAR, TRIN etc

Share Price - AET: 26
Brent: $95.00
Shares Outstanding: 220,053,520
Market Cap (GBP): £57,213,915
GBPUSD: 1.225
Market Cap (USD): $70,087,046
Production H1 2022: 4,700
Cash (YE 2021 Per Annual Report): $37,727,000
Cash Outlay For Equity Component of Acquisitions: $20,700,000
Debt (Post Acquisition): $75,000,000
Enterprise Value (Market Cap + $75m Debt + Equity - Cash at YE 22) (USD): $128,060,046
EV/Barrel (H1 2022 Production Average): $27,247

I have used the figures from the presentation link from today's Relisting RNS and cash at Year End 2021 per Annual Report.

Have not included additional RBL debt that is available - though could have been drawn.

Posted at 10/8/2022 07:25 by ashkv
Stockhunters - Thanks for the heads up thought Andrew Austin has made Kistos a powerhouse firm but no such dodgy Mega Nil Cost Share Options...

Thanks for pointing to the document - good to read that max dilution to shareholding is 15%

6.1.4 Conversion of Founders Plan awards into Nil Cost Options
6.1.4.1 On each of 16 March 2024, 16 March 2025 and 16 March 2026 (the
“First”, “Second” and “Third Measurement Dates” respectively, and each a
“Measurement Date”), Founders Plan Awards will convert into Nil Cost
Options over Ordinary Shares. The number of Ordinary Shares under any
Nil Cost Option into which a Founders Plan Awards will convert will be
determined by the Remuneration Committee on the following basis:
* STEP 1: The Remuneration Committee will calculate the average of
the closing middle market quotation of an Ordinary Share over the
30-day period ending immediately prior to the relevant Measurement
Date (excluding any days when any dealing restrictions apply) plus
dividends paid over the Plan Period to date (the “Measurement
Total Shareholder Return”).
* STEP 2: The Founders Plan Award shall only convert into a Nil
Cost Option if the Measurement Total Shareholder Return for the
relevant Measurement Date is greater than or equal to the
“ThresholdR21;. The Threshold is an amount equal to the average
closing price of an Ordinary Share over the 30-day period ending
immediately before the start of the Plan Period (the “Initial Price”),
multiplied by:
○ in respect of the First Measurement Date, 25.99% per
annum (compounded);
○ in respect of the Second Measurement Date, 18.92% per
annum (compounded); and
○ in respect of the Third Measurement Date, 14.87% per
annum (compounded);
* STEP 3: If the Threshold is met, the Remuneration Committee will
determine the overall proportion of the Measurement Total
Shareholder Return which is to be delivered to all participants in the
Founders Plan (the “Total Allocation”) on the following basis:
○ the Initial Price shall be deducted from the Measurement
Total Shareholder Return for the relevant Measurement Date
(or, in the case of the Second and Third Measurement
Dates, the highest previous Measurement Total Shareholder
Return which resulted in a conversion of a Founders Plan
Award into a Nil Cost Option shall be deducted from the
Measurement Total Shareholder Return amount for the
relevant Measurement Date); and
○ such amount shall be multiplied by 15%.
* STEP 4: Each individual participant’s share of the Total Allocation
(as determined in accordance with Step 3) will be determined by
multiplying the Total Allocation by that participant’s individual
allocation (expressed as a percentage share) of the Total Allocation.
Each participant’s individual allocation of the Total Allocation will be
determined by the Remuneration Committee when their Founders
Plan Award is first granted.
* STEP 5: Each participant will be granted a Nil Cost Option over
such number of Ordinary Shares as is equal to the value of their
share of the Total Allocation.
92
c119579pu050 Proof 5: 9.8.22_23:55 B/L Revision: 0 Operator FroI
6.1.4.2 If any Ordinary Shares are issued by the Company in connection with an
acquisition, investment or other transaction made by the Group which is
funded in whole or in part by the issue of new shares in the capital of the
Company, the Grantor may determine that each participant shall be entitled
to receive additional Founder Plan Awards in proportion to the number of
new Ordinary Shares issued as part of that acquisition, investment or
transaction (“New Equity Awards”). The Threshold for any new Equity
Awards is the price per Ordinary Share at which any new shares were
issued as part of the relevant acquisition, investment or transaction.
6.1.5 Overall limits
6.1.5.1 No Nil Cost Option may be granted if the number of Ordinary Shares over
which all Nil Cost Options have been granted:
* would exceed 10% of the issued ordinary share capital of the
Company at that time; and
* when aggregated with any options or awards over Ordinary Shares
granted in the preceding 10 year period under any other employees’
share scheme operated by any member of the Group, would cause
the number of new Ordinary Shares which are capable of being
issued in satisfaction of such options or awards or any Nil Cost
Options to exceed 15% of the issued ordinary share capital of the
Company from time to time.

Posted at 10/8/2022 07:19 by ashkv
https://www.londonstockexchange.com/news-article/AET/director-pdmr-dealings/15578902

This self dealing insane - I am surprised the shares are not falling... WOW STAGGERING STUFF

WOW WOW WOW

SELL AET.....


CEO Nil Cost Options -> Such number of shares as equals 41.5% of the value created above a starting share price of £0.15 if a hurdle price of £0.30 is met up to a maximum calculated by reference to the issued share capital at time of grant

CFO NIl Cost Options -> Such number of shares as equals 27.5% of the value created above a starting share price of £0.15 if a hurdle price of £0.30 is met up to a maximum calculated by reference to the issued share capital at time of grant

COO Nil Cost Options -> Such number of shares as equals 31.0% of the value created above a starting share price of £0.15 if a hurdle price of £0.30 is met up to a maximum calculated by reference to the issued share capital at time of grant

Posted at 10/8/2022 07:14 by ashkv
My back of the envelope valuation of Enterprise Value per barrel for AET's Angola acquisition

Please advise if I am on the right track? And if any figures are incorrect - on the face of it would appear that AET at 26p is not a cheap share given it is Angola and comparable valuations of GKP, GENL, PHAR, TRIN etc

Share Price - AET: 26p
Brent: $95.00
Shares Outstanding: 220,053,520
Market Cap (GBP): £57,213,915
GBPUSD: 1.225
Market Cap (USD): $70,087,046
Production H1 2022: 4,700
Cash (YE 2021 Per Annual Report): $37,727,000
Cash Outlay For Equity Component of Acquisitions: $20,700,000
Debt (Post Acquisition): $75,000,000
Enterprise Value (Market Cap + $75m Debt + Equity - Cash at YE 22) (USD): $128,060,046
EV/Barrel (H1 2022 Production Average): $27,247

I have used the figures from the presentation link from today's Relisting RNS and cash at Year End 2021 per Annual Report.

Have not included additional RBL debt that is available - though could have been drawn.

Afentra share price data is direct from the London Stock Exchange
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