Angus Energy Share Discussion Threads

[3put] 15/1/2022 21:07

Small cap movers: Stampede for Angus Energy shares as it puts itself up for sale
A look at some of the major movers in London in the small-cap universe this week

Angus Energy PLC -
Angus Energy PLC (AIM:ANGS) jumped 46% to 0.95p this week after it put itself up for sale.

The company said it has had a series of approaches from parties interested in buying some or all of the company's 51% interest in the Saltfleetby Gas Field asset. One approach led to a non-binding offer that is under consideration. Additionally, the board has received indications that certain parties may be interested in making an offer for the company.

The board has now determined to undertake a review of the company’s strategic options, which include a sale of the company.

The exotically named t42 IoT Tracking Solutions PLC – the IoT bit stands for “Internet of Things” but what the t42 bit means is anyone’s guess – leapt 38% to 22p after the company signed a five year US distribution contract to provide container tracking solutions for OpenBox Ventures Inc.

OpenBox distributes cutting edge technologies across the US security industry ensuring the integrity of goods transported in shipping containers.

“The contract with OpenBox reflects our new strategic focus on the global shipping container market,” said Avi Hartmann, the company’s chief executive officer.

Another nautical contract win was behind the 32% rise in the share price of SRT Marine Systems PLC (LSE:SRT), the maritime domain and coastal surveillance and monitoring systems provider.

The company said its SRT-MDA System project has been adopted by a national coast guard; that’s an organisation, not just one person in a swimsuit.

The contract award is for the first of three phases of a project worth a gross total of £40 million.

Digitalbox PLC (AIM:DBOX), the digital media business that owns Entertainment Daily, The Daily Mash and The Tab, said all three brands traded better than anticipated in December.

The share price increased by around one-third as the company revealed that revenue and underlying earnings (EBITDA) for 2021 are expected to be significantly ahead of market guidance issued just a month ago.

Blue Star Capital PLC (AIM:BLU) was one of the week’s top performers, rising 34% to 0.535p but no one seems to know what, not even the board of the investment company, which put a stock market announcement saying it knew of no reason for the recent rise in the share price.

Hornby PLC (LSE:HRN), the company that makes the eponymous train sets as well as Airfix models and Scalextric racing kits, was given a leg-up by the news that Henry de Zoete, “an entrepreneur and alumnus of renowned Silicon Valley start-up accelerator Y Combinator”, is joining the board as a non-executive director.

“Hornby, Scalextric, Corgi, Humbrol and Airfix are all incredible, heritage brands that I grew up with. I am really excited to give strategic input as the brilliant team focuses on digital transformation and growth, to build the business for generations to come,” De Zoete said.

The shares chugged 31% higher to 54.5p.

M&C Saatchi PLC (AIM:SAA), the advertising group, confirmed it received a preliminary approach from an investment vehicle connected with its deputy chairman, Vin Murria. The statement came in response to press speculation.

AdvancedAdvT Limited confirmed on Friday it is interested in exploring a share exchange merger with M & C Saatchi, which would be a reverse takeover.

The likelihood that there will not be a cash offer took some of the gloss off the week’s gains for Saatchi but the shares still rose 16% this week to 194p.

Faron Pharmaceuticals Oy (AIM:FARN, OTC:FPHAF) announced the appointment of Marie-Louise Fjällskog as its chief medical officer with immediate effect.

The news sent the shares 10% higher to 161p.

Caspian Sunrise PLC (AIM:CASP) lost around a quarter of its value this week as it confirmed it had decided to temporarily suspend its drilling and production activities in response to the ongoing political uncertainty in Kazakhstan.

Another stock hitting the skids was UniVision (AIM:UVEL) Engineering Ltd, the Hong Kong-based surveillance systems specialist, which is embroiled in what looks like a nasty dispute with one of its sub-contractors, T&P Solutions.

UniVision (AIM:UVEL) said T&P has submitted a winding-up petition to the High Court in Hong Kong, alleging outstanding debts owed by UniVision (AIM:UVEL) of HK$5,955,760, which is roughly £565,280, in relation to contractual agreements.

As is often the way of these things, not only is UniVision (AIM:UVEL) contesting the petition it is considering making a counter-claim against T&P for breach of contract.

The company lost a fifth of its value with the shares slumping to 0.6p

[3put] 15/1/2022 21:07

I want to see the de-ramping brought up a level , can almost smell the desperation

[jtidsbadly] 15/1/2022 16:34

Ocelot is now pulling the wool over the eyes of people who know even less than she does. Why would the discount rate on future Anguish cash flows change with new ownership - unless they were to undertake yet more borrowings? They can’t change the rate on the £12mm. A new, well-capitalised bidder might be able to pay off the £12mm. early but the hedges remain. The benefit would be relatively insignificant.

They’re very agitated on the other side. Getting very silly indeed.

[rmart] 15/1/2022 16:04

ITS A STANDARD PARAGRAPH YOU IDIOT.

Is that the best you can do? Trawl through RNS standard stuff. You are beat man. The share price is going up and gas is coming. Keeep Posting.

[jtidsbadly] 15/1/2022 14:16

I just noticed this in their 30 November update on Poundland. I apologise for copying the whole two paragraphs but did anyone else notice the inclusion of the word “will” in their list of forward-looking statements that can’t be relied upon? I didn’t. You’d think “will” would suggest something a bit more definite and to be relied upon, wouldn't you? I would. So what parts of their statements can one rely on with this lot? Not “continue̶1; apparently. Nor “anticipates”.

“Important Notices
This announcement contains 'forward-looking statements' concerning the Company that are subject to risks and uncertainties. Generally, the words 'will', 'may', 'should', 'continue', 'believes', 'targets', 'plans', 'expects', 'aims', 'intends', 'anticipates' or similar expressions or negatives thereof identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company's ability to control or estimate precisely. The Company cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date of this announcement. The Company does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.
Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of the Company.”

[3put] 15/1/2022 10:33

We need to know the size of any offer, George has said the sum of the parts is north of 3p

[rmart] 15/1/2022 10:21

1st Gas End of Feb/ March.

Who cares if they need another £1m. Not me. Gas flowing at current prices (after the hedge amount) is far far higher than when all the figures were done. Another £1m is peanuts.

10% dilution. My share price target is double figures. OK so I will readjust to 9p.

And that is IF and its a big IF they do need more cash.

[jtidsbadly] 15/1/2022 10:00

HITS: the shills can protest but facts are facts. The new CPR put the cost at £12.67mm. Over budget then. They dealt with the excess in December with that small, under-subscribed placing - just. The sidetrack, when drilled, is over budget - they announced that a month or two ago. They’re now admitting to being a further 10% over budget, so that’s another £1.267mm. The next placing may raise as much as that, following last week’s “offer” announcement. They had cash at the end of March of £0.59mm. There’s nothing in the CPR “first gas” budget for g&a expenses. We know what these have been. They’re running on fumes again, hence the announcement last week.

[clottedq] 15/1/2022 09:56

I see Oce-Bot (George's Number One Cheerleader) has published the Answer to Investor Question asked on 01/12/21:

Personally, I don't think glacially slow progress, repeated delay and massive cost overspends are things to shout about.

Surely even Good Old George realises that the long running detractors here are quite often (in my case especially) nothing more than genuinely indignant shareholders who are simply calling out the lack of transparency and complete and utter failure by management to date.

For instance: why doesn't George update his Feb first gas deadline? It's now completely unrealistic and should be reported to shareholders and The Market with yet another revised deadline! I guess he's waiting to announce the discount placing (he recently gained authority for) first!

CQ ;-)

[rmart] 15/1/2022 09:18

According to the last official update in December:
‘We continue to work with suppliers and contractors to maintain our procurement and build schedule targeting First Gas at the Saltfleetby Gas Field at the end of February’

I am expecting March. Nothing has changed from the above statement.

[iceagefarmer] 15/1/2022 08:49

and £50-100m in the bank

[iceagefarmer] 15/1/2022 08:48

angus Energy Plc
@angusenergyplc
1. Nitrogen pump unit and control room
2. Pig receiver for Theddlethorpe end
3. Launcher set-up

nearly there..maybe hand over to Shell before completion

[headinthesand] 15/1/2022 00:44

Not according to the company's own most recently revised CPR...

And then there's the matter of the extra £1 million plus they've got to come up with, due to the Jan 6th RNS announced "contingency" over-run...

And there's the matter of the revised planning permission. Public input doesn't even close till Jan 28th...

And then there's the matter of EA approval and HSE sign-off...

And then there's the matter of the Jan 6th RNS mentioned further delays...

And that's just for starters.

[3put] 14/1/2022 22:57

First gas in 6 weeks

[jtidsbadly] 14/1/2022 22:47

HITS: all these shills, from cuds to this person, claim knowledge/expertise they don’t possess. An intelligent person would find it deeply humiliating to show themselves up in this way. I’m not sure what this person has said in his post but on past form all it will be good for is “spot the Malapropism.”

[headinthesand] 14/1/2022 22:27

Why is publishing a freely publicly available link to a page of info hosted on the government Companies House website "profoundly foolish"?

What a strange thing to claim?

[shareprofessor] 14/1/2022 21:23

ClottedQ , 1347 and I assume JTidsbadly (judging by the filtered post replies) you have again spent a considerable amount of your own time posting about someone's opinion and views you claim to not care about. This shows you do in fact care otherwise why comment at all? Afterall you are only commenting to eachother and you share the same views. You are both ( probably all )showing classic defence mechanisms.One should ask oneself why you would do that.
Ja51oiler your judgement in posting that link to Adegbenga Aalbi is profoundly foolish if you are not 100% sure the he is the gentleman in the RNS. If he is not you have published a link that tells anybody and everybody his name, his profession, his date of birth, the company he works for and the address. I would hope that you will now understand what an astonishingly idiotic thing that is to do and what a serious error that was.

[jtidsbadly] 14/1/2022 19:24

1347: yes, if the Interim MD had done some simple sums in 2020 and accepted that $20mm that he was offered, then got Halliburton in, Anguish’s share price would be in double figures now, easily. Possibly at all time highs with these gas prices - assuming the gas does actually flow.

[1347] 14/1/2022 18:54

JT I don't know and I don't especially care except to say, it would be somewhat untoward to be in that position and posting such comments on a public BB wouldn't it?

The irony is that if they had developed the Business and were delivering gas as from last Autumn (which would have been over 1 year longer than they originally forecast anyway), then with these prices they would have been generating a decent amount of revenue by now, there would be no problem with covenants, no need for further placings and the comments here and in Kansas would have been much more positive. Not only that but I'd have been able to reach that escape hatch on the high tide and get out.

Yes I agree about making it the last comment, let it rant and spread it's poison in an empty room.

[3put] 14/1/2022 18:44

Small cap movers: Stampede for Angus Energy shares as it puts itself up for sale
A look at some of the major movers in London in the small-cap universe this week

Angus Energy PLC -
Angus Energy PLC (AIM:ANGS) jumped 46% to 0.95p this week after it put itself up for sale.

The company said it has had a series of approaches from parties interested in buying some or all of the company's 51% interest in the Saltfleetby Gas Field asset. One approach led to a non-binding offer that is under consideration. Additionally, the board has received indications that certain parties may be interested in making an offer for the company.

The board has now determined to undertake a review of the company’s strategic options, which include a sale of the company.

The exotically named t42 IoT Tracking Solutions PLC – the IoT bit stands for “Internet of Things” but what the t42 bit means is anyone’s guess – leapt 38% to 22p after the company signed a five year US distribution contract to provide container tracking solutions for OpenBox Ventures Inc.

OpenBox distributes cutting edge technologies across the US security industry ensuring the integrity of goods transported in shipping containers.

“The contract with OpenBox reflects our new strategic focus on the global shipping container market,” said Avi Hartmann, the company’s chief executive officer.

Another nautical contract win was behind the 32% rise in the share price of SRT Marine Systems PLC (LSE:SRT), the maritime domain and coastal surveillance and monitoring systems provider.

The company said its SRT-MDA System project has been adopted by a national coast guard; that’s an organisation, not just one person in a swimsuit.

The contract award is for the first of three phases of a project worth a gross total of £40 million.

Digitalbox PLC (AIM:DBOX), the digital media business that owns Entertainment Daily, The Daily Mash and The Tab, said all three brands traded better than anticipated in December.

The share price increased by around one-third as the company revealed that revenue and underlying earnings (EBITDA) for 2021 are expected to be significantly ahead of market guidance issued just a month ago.

Blue Star Capital PLC (AIM:BLU) was one of the week’s top performers, rising 34% to 0.535p but no one seems to know what, not even the board of the investment company, which put a stock market announcement saying it knew of no reason for the recent rise in the share price.

Hornby PLC (LSE:HRN), the company that makes the eponymous train sets as well as Airfix models and Scalextric racing kits, was given a leg-up by the news that Henry de Zoete, “an entrepreneur and alumnus of renowned Silicon Valley start-up accelerator Y Combinator”, is joining the board as a non-executive director.

“Hornby, Scalextric, Corgi, Humbrol and Airfix are all incredible, heritage brands that I grew up with. I am really excited to give strategic input as the brilliant team focuses on digital transformation and growth, to build the business for generations to come,” De Zoete said.

The shares chugged 31% higher to 54.5p.

M&C Saatchi PLC (AIM:SAA), the advertising group, confirmed it received a preliminary approach from an investment vehicle connected with its deputy chairman, Vin Murria. The statement came in response to press speculation.

AdvancedAdvT Limited confirmed on Friday it is interested in exploring a share exchange merger with M & C Saatchi, which would be a reverse takeover.

The likelihood that there will not be a cash offer took some of the gloss off the week’s gains for Saatchi but the shares still rose 16% this week to 194p.

Faron Pharmaceuticals Oy (AIM:FARN, OTC:FPHAF) announced the appointment of Marie-Louise Fjällskog as its chief medical officer with immediate effect.

The news sent the shares 10% higher to 161p.

Caspian Sunrise PLC (AIM:CASP) lost around a quarter of its value this week as it confirmed it had decided to temporarily suspend its drilling and production activities in response to the ongoing political uncertainty in Kazakhstan.

Another stock hitting the skids was UniVision (AIM:UVEL) Engineering Ltd, the Hong Kong-based surveillance systems specialist, which is embroiled in what looks like a nasty dispute with one of its sub-contractors, T&P Solutions.

UniVision (AIM:UVEL) said T&P has submitted a winding-up petition to the High Court in Hong Kong, alleging outstanding debts owed by UniVision (AIM:UVEL) of HK$5,955,760, which is roughly £565,280, in relation to contractual agreements.

As is often the way of these things, not only is UniVision (AIM:UVEL) contesting the petition it is considering making a counter-claim against T&P for breach of contract.

The company lost a fifth of its value with the shares slumping to 0.6p

[jtidsbadly] 14/1/2022 18:37

1347/CQ: I’ve wondered for some months if he may work at Anguish in business development.

I’ll try to make this my last comment on him.