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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
  0.048 5.99% 0.85 0.80 0.90 0.85 0.725 0.83 10,918,652 15:53:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -2.5 -0.4 - 8

Angus Energy Share Discussion Threads

Showing 12501 to 12523 of 14725 messages
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DateSubjectAuthorDiscuss
20/10/2021
11:14
JT My reading is that it's not his choice whether to take cash: "Alternatively, and at the Company's option, the Loan Note is repayable in part or whole at any time up to two months before maturity with an accompanying grant of warrants equal to the face value of the amount repaid." Yes depending on the price and how many further shares get issued between now and then Knowe may well end up having more than 30% of the equity, they could do so anyway even if Anguish paid them off because, as above, they'd get a shed load of warrants at 1.3 p or lower.
1347
20/10/2021
11:12
bionicdog: by next April, the picture should be more clear to investors and I’m not sure the market will absorb the supply of 20% more shares. The best thing for Angus would be a bumper sidetrack..
jtidsbadly
20/10/2021
10:57
What do you mean bionicdog?
3put
20/10/2021
10:56
Standard practice is to forward sell them before they receive them at a 20% discount.
bionicdog
20/10/2021
10:46
What's a convertible loan note?
3put
20/10/2021
10:42
Incidentally, what happens if the convertible is repaid in shares at a price which takes Knowe over 30%? They’d be required to bid for the rest, surely? How would this sit with the Lenders and their charges? Perhaps Anguish would issue some more shares against such a development?
jtidsbadly
20/10/2021
10:35
3Put: thanks for the reminders of who Mr. Manclark is. He seems a thoroughly good egg, as I’ve observed before. I hope he will come out of his investment here intact. I fear he may not. Still, it’s his business and he knows it best.
jtidsbadly
20/10/2021
10:29
1347: the wording associated with the convertible is unclear but it’s a convertible loan, not an issue of deferred equity. I’ve never heard of a convertible that was convertible or not only at the behest of the borrower. The lender normally has the option of shares or cash. If Knowe are required to accept shares, they need to appoint a new adviser with some finance experience, what? Still, it shouldn’t matter - Anguish would merely have a placing to pay off the loan if required to do so. Either way, it amounts to more pressure on the share price.
jtidsbadly
20/10/2021
10:21
LOOKING BACK: East Lothian's Winter Olympic star Mr Manclark. Really interesting chap. LONG before we had the skeleton at the Winter Olympics there was the high-speed thrill of rodelling. . . and East Lothian had its own champion. Rodelling, more commonly referred to nowadays as luging, is an activity still practised in countries with abundant snow and alpine environments and saw competitors lie on top of a small sled and hurtle feet-first down long runs of hard-packed snow. At the Winter Olympics in Grenoble 50 years ago, competitors in the sport reached speeds of 70 miles per hour and did not have the benefit of today’s modern safety equipment. 10 Crazy bikes you’ll want to ride as soon As you see them HOT10.ORG | SPONSORED Free Top 5 Online Accounting Software for Small Business ONLINE BUSINESS ACCOUNTING SOFTWARE | SEARCH AD | SPONSORED by Taboola Among them was East Lothian farmer James Manclark who, at the age of 28, represented Great Britain as one of two rodellers on the French alps. East Lothian Courier: James Manclark in action on the luge James told The Haddingtonshire Courier at the time that he believed the sport, which was fairly new in international competitions, would take off in the years to come. And he revealed how he discovered the pastime four years earlier while on holiday in Switzerland. Speaking to the Courier in 1968, he said: “I found I wasn’t much good on skis and took up Cresta Running on a toboggan. “I did that for a while, then took up bobsleighing, which was much more fun. “Then I heard that there was a sport still more dangerous – rodelling – and decided to give it a try. “It really proved quite a thrill and as not many people take it up seriously, I found myself with a place on the Olympic team.” James admitted he was not expecting great success at the Games, where the British team were up against experienced rodellers, some of whom had been taking part in the sport since they were just four years old. And he confessed that a fatality on the runs had made the GB competitiors more careful. ADVERTISING After coming 40th out of 52 competitors, he said then: “One of the British rodelling team was killed last year and I rather think that was at the back of our minds – a sort of sub-conscious safety-first attitude.” by Taboola Top 10 Most Beautiful Actresses In Hollywood BUZZDESTINATION | SPONSORED This Super Charger is flying off shelves in the UK CHARGEBOOST® | SPONSORED Nowadays, rodelling, which is German for sledding, still draws crowds to popular holiday resorts such as Le Massif, Quebec, where there is a 7.5km run described as the thrill of a lifetime. In Tyrol, Austria, there are numerous runs high up on the mountains offers stunning scenery. Mr Manclark, now in his late 70s, went on to represent Great Britain at the following Winter Olympics on the bobsleigh. He would later help found the sport of elephant polo. East Lothian Courier: James Manclark playing polo And while he is no longer involved in high-speed pursuits, he remains a busy businessman in Haddington, running his property development business and overseeing company interests in the oil industry and in opencast mining. He now looks back on his high-speed days with no regrets, telling the Courier: “I had the last rites twice and I’m not even Roman Catholic!”
3put
20/10/2021
10:16
Better , who is Mr Manclark?
3put
20/10/2021
10:15
JT I don't think Mr. Manclark has any choice about taking the cash, it'll be confetti for him unless he renegotiates the deal over a wee dram or two.
1347
20/10/2021
10:12
JA Yes fair enough, the statement above is clear, but it's stated that the National Grid components were actually ordered at that point so delivery timescales would have been known for those items surely? Or were they not in fact ordered at that point? For non National Grid components the point is that they identified these in December 2019 and commenced selection in January 2020 so why have they only in August 2021 'now become aware that a lead time of 24 weeks..'? Would you not identify the lead time at the point you identified them and started the procurement process? They state it was because of dependency on other equipment, but they've also stated the design was complete in January 2020, so why didn't this foresee this earlier, they've been working on this project over two years yet these sorts of critical delays still keep popping up?
1347
20/10/2021
10:08
1347 - Can you build on to Ja51s de-ramp , make it very sarcastic
3put
20/10/2021
10:06
Better JA, keep going. Some people will be wanting a cheap entry here. Where are the rest of the team , we need a joined up de-ramp please
3put
20/10/2021
10:04
JA51: one assumes that NG have completed their end of the pipeline. There’s been no news from them at all, as far as I can remember. The “golden weld” hasn’t been done, has it? Has the final 150 metres for which Anguish are responsible been completed? If there had been any progress on a rig, I think we’d have been told. The groundworks similarly. Good luck booking a fleet of lorries for a rig at short notice. If they were to start the sidetrack in mid-November, it would be a struggle to get any gas flowing from it before mid-March (they stop work for two weeks at Christmas/New Year, don’t they?). The Knowe loan has to be paid in April - you can’t see Mr. Manclark wanting more shares, can you? “Nae, thank’ee, we’ll tak the money, ye can tak the high road. Whisht”.
jtidsbadly
20/10/2021
10:02
i see ja51contractvoidoiler has learnt, from me , a new word to use "disingenuous" well done, gold star , keep it up ... i use it a lot , eg look at these disingenuous posts by ja51contractvoidoiler: JA51OILER - 31 Mar 2021 -" As JT has pointed out, if there was a contract still in place with Shell as you maintain, Angus would be in breach for non-delivery and it would now be void. JA51OILER - "They could well be in breach of conditions in said contract" " I'm sure there will be a contract in place but I very much doubt it will be the original". The actual truth is: Angus q&a reply: "The contract is still in place and the terms are unchanged."
sincero1
20/10/2021
09:55
Get it de-ramped harder boys. The price is going up ffs
3put
20/10/2021
09:24
1347 To be fair it was the national grid who undertook those works and would have ordered the long lead time items! "Under this agreement, the National Grid has agreed to carry out the works required for the design and construction of National Grid Facilities at Theddlethorpe. Long lead items have been ordered and construction remains in line with our project schedule." Perhaps Angus should have learned by example?? It's pretty disingenuous though, isn't it? They knew full well at that point they were £12 million short!!
ja51oiler
20/10/2021
08:52
JA - As I indicated to JT previously I have not listened to that conference call as listening to yet more waffle is pointless, I prefer to go on information published in formal RNS announcements where it was stated as long ago as 9th July 2020. JT - Yes I expect so, still if it floats me closer to that escape hatch it's fine with me. I'm fully aware of the 'AIM Game' now, despicable as it is, so will be watching for it. 4 p by Friday what, what?
1347
20/10/2021
08:42
1347: yes, I quite agree. The whole thing points to the fact that Anguish were over a barrel when they signed up to these terms with the lenders. Heads we win, tails your shareholders lose. Anguish now need too many things to go right. I suppose it’s possible that they’re saving up a whole lot of good news in order to have the maximum impact on the share price on a single day. Otherwise, it’s not looking good at all, is it? If your speculation on the source of the shares sold into this recent price is the same as mine, they should be just about out by now. Anguish looks like what Arthur Daley used to refer to as a nice little earner as far as they are concerned.
jtidsbadly
20/10/2021
08:23
the resident disingenuous grey old window lickers full of questions but all to afraid to ask the company directly via the angus website q&a ... why ? there really is only 1 answer to that .... dear oh dear...so transparent , so duplicitous ...
sincero1
20/10/2021
08:12
1347 They have know since last September about the 24 week lead times (if there lucky I suspect in the current climate) as confirmed also in that September conference Call.
ja51oiler
19/10/2021
23:08
1347: the Interim MD referred to the royalty in answer to a question dated 9 June: “Making adjustment to the CPR figures for different capex was relatively easy as the capex figures involved no further variation or discounting for time. It would amount to a more substantial reworking of the CPR to estimate the hedged/unhedged production profile at 43p/xp (obviously positive) alongside the royalty payments (obviously negative), which themselves can vary in the event that production/unhedged pricing is at the top end and the loan repays earlier than term.” I wonder if he really understands hedges. His description of them changes from news release to Q&A. I’m not sure that “obviously positive” is quite appropriate, what? The dates on everything have continuously moved back all year, as they did last year and the year before. You have to be at the barmy end of optimistic to believe this won’t continue. They don’t seem to have finished the detailed design work, the July date for groundworks etc. has slipped apparently sine die, the EA permission is still not granted. One month they say the sidetrack will be drilled before the gas plant is built and connected, the next month this is reversed. That’s on top of how long the sidetrack will take (sorry CQ).
jtidsbadly
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