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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Angus Energy Plc | LSE:ANGS | London | Ordinary Share | GB00BYWKC989 | ORD GBP0.002 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.375 | 0.35 | 0.40 | 0.375 | 0.375 | 0.38 | 657,536 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 3.14M | -111.95M | -0.0309 | -0.12 | 13.4M |
Date | Subject | Author | Discuss |
---|---|---|---|
21/10/2021 18:33 | jtisadly and 13reallyneedsahobby4 | sincero1 | |
21/10/2021 18:23 | gaffer - I doubt they would be allowed to, the £12 m was specifically to fund Poundland, I doubt they have much leeway for anything else. The Christmas wine merchant bill will be their most immediate problem (JT will explain it, what what). | 1347 | |
21/10/2021 18:19 | Makes you wonder why they didn't draw down another 1.4m to pay Knowe. It would have been a simpler solution and probably cheaper. | gaffer73 | |
21/10/2021 18:15 | Yes, that's all we’ve been told so far about how much they've drawn. There must be a reason they need the £12mm though, mustn't there? It should have been simpler to negotiate a smaller sum. Though the Interim MD did say that he was offered $20mm. by a large bank 18 months ago, which he appears to have turned down on the basis that it was more than Anguish needed. | jtidsbadly | |
21/10/2021 18:07 | I will, thanks | gaffer73 | |
21/10/2021 18:03 | gaffer, the resident disingenuous grey old window lickers are being economical with their responses...trying to keep it nice and negative. have a look at the rns' dated 13th May 21 and 30th nov 2020. You will note Mercuria are involved and that really irks the negative brigade | sincero1 | |
21/10/2021 18:03 | It looks like they haven't used the 12m yet, is that correct? "The GBP12 million facility for the re-development of Saltfleetby has been signed, the Conditions Precedents have been fulfilled and the Group has already drawn down GBP5.84m." | gaffer73 | |
21/10/2021 17:41 | Incidentally, it would be interesting to know whether the loan terms allow Anguish to apply unused loan proceeds in repaying instalments as they fall due. If they’re monthly instalments, the terms must allow it. In which case, Anguish’s debt burden would carry on for longer than the loan term, or later instalments would get higher and higher. It would also be interesting to know whether there are undisclosed clauses in the agreements covering these elements. If there are not, then the chances of the Lenders enforcing their charges in the event of default will presumably be very high. Also (by the way) the Lenders have fixed and floating charges on Anguish’s assets. Knowe has a floating charge. Fixed charges offer much greater entitlement in an insolvency. Knowe would surely have preferred a full repayment of their loan in April but I dare say it’s been made clear to them that Anguish won't have the money to do this, whereas a deferral may offer the vague possibility of a successful sidetrack coming to the rescue. | jtidsbadly | |
21/10/2021 17:27 | 1347: I haven’t seen a repayment schedule either but it’s an amortising loan, so will be paid back in instalments. Whether these are annual or monthly, I don’t know. It will be one or the other though. It’s a 4-year loan at LIBOR+12%, so will be paid off in equal instalments over its life. | jtidsbadly | |
21/10/2021 17:11 | gaffer You are correct in that I don't see that they have actually published the repayment schedule. However they have taken out an amortising loan, which normally involves fixed periodic repayments and given that it's a 4 year loan we (well at least I) have assumed that means annual payments starting one year after first drawdown which was June 2021. However you'll find that there's a lot of things that are not quite what they seem with Anguish Energy so sometimes we (or at least I) try and fill in the gaps. Maybe others can add to that? | 1347 | |
21/10/2021 16:50 | gaffer73: it would take too long. Really, you need to go to the Angus Energy website and look under Media - Presentations and News. Most of it’s there. The RNS’s are also informative. His misleading comments are mostly in interviews with a couple of toadies, which you can find but it’s not so easy. Good luck with it. | jtidsbadly | |
21/10/2021 16:49 | The 12m loan? I can't see anything with the payment schedule. | gaffer73 | |
21/10/2021 16:46 | It's in the Annual Report in Subsequent Events and detailed in several RNS announcements over the last year or so. | 1347 | |
21/10/2021 16:40 | What loan is that? I can't see anything in the results relating to any payments due. | gaffer73 | |
21/10/2021 16:33 | chuckle chuckle..." a little sceptical " says the non shareholder with a negative agenda and only posts supposition and negativity ..the old grey disingenuous window lickers getting irritated...as I predicted....expect the cretin uclot to now also post negativity shortly ...so predictable. | sincero1 | |
21/10/2021 16:25 | gaffer - Read my previous post again it's not just the interest, £3m of principal also has to be repaid. As JT indicates there has been huge time and cost overruns and most of us expect there to be more to come. Of course things would look much better if they were actually selling any gas at these prices, but they are not. | 1347 | |
21/10/2021 16:20 | That's fair enough. I'm new to this share and just suggesting a reason for the extension.On the face of it this looks like a good investment if they can meet their production timescales. No reason why this couldn't double from here. | gaffer73 | |
21/10/2021 16:10 | Gaffer73: yes, you’re right. The thing is, the company would be making millions and millions now if it had met any of its forecasts and assurances made between the current Interim MD’s appointment in early 2019 and late September 2020. The start date seems constantly to be slipping (again). The whole thing should have been finished and producing by September 2020, at the latest. He misled investors pretty badly for six months from March to September 2020. The terms of the loan which he implied he didn’t need took 8 months to negotiate and are very onerous. Hedges apply, about which he is very economical with information. You’ll have to forgive people posting on here for being a little sceptical. | jtidsbadly | |
21/10/2021 16:00 | gaffer - stop talking so much common sense.. the resident old grey disingenuous window lickers don't like it ..they will get very irritated and be posting all night ....they want this to be a negative posting board only .... watch them turn on you .... | sincero1 | |
21/10/2021 15:53 | Interest payments shouldn't be an issue if the figures mentioned come to fruition. | gaffer73 | |
21/10/2021 15:11 | gaffer Don't not forget they also have around £4.5 m loan and interest payment due in June, unless they also negotiate a deferment on that. | 1347 | |
21/10/2021 15:06 | "There is no hedge on production until July 2022. What is the value of all production from March 2022 to July 2022 at the prices on the present NBP Heren forward curve for these months with and without the side track? Asked on 21 September 2021The short answer is the field ,on the original CPR plateau volumes but at the latest forward curve prices, might generate £17 mllion over those four months with the side track and about £8.5m without it. Angus share is 51%. Ordinary opex might be about £0.6m excluding debt service." If they are confident on moving into production by March the above figures would indicate a 1.4m payment could easily be made. It also ties together with the July extension date, clearing debt before hedging starts. That kind of revenue would lead to a share price far more than 1p so why give away shares in April. | gaffer73 | |
21/10/2021 13:09 | JT, Hmmmmm exactly! Funny how "without delay" has a whole other meaning when said in context to AIM isn't it? It's a cesspit in need of urgent "LONG OVERDUE" cleaning IMHO! CQ ;-) | clottedq | |
21/10/2021 12:40 | hits - common used latin yes , as well as italian , doesn't yours ? you are right of course re the extension being on the side of positive ... it is only confirmed further by jtisadly constantly trying to coerce you to think otherwise... perhaps you would consider counselling uclot? | sincero1 | |
21/10/2021 12:33 | 3Put, yes of course I stand by it, otherwise I wouldn't have said it. I'm not a multi-ID charlatan stating fake opinions that change with the wind. I have also explained why. Can you think of any other feasible and more palatable alternatives, given the current state of play at ANGS? If they hadn't got this agreed with Knowe, what were they going to need to do to come up with £1.4 million in six months' time? One answer could have been "produce and sell a shedload of gas from Poundland by that point to provide the spare £1.4 million requiring repayment on Apr 20th 2022"... but that clearly doesn't seem to have been considered likely by ANGS within the required 6 month timescale. Sincero, your predictive text predicts Latin as well? And incorrectly at that? Whoda thunk? I'd change your phone... | headinthesand |
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