Angus Energy Share Discussion Threads

[3put] 17/1/2022 11:26

First gas end on Jan , or is that optimistic?

[shareprofessor] 17/1/2022 11:19

1347 company RNS' are a valuable source of information , to say they are unreliable is not correct. Annoyingly for you that poster has outwitted you again. To say you do not care and then show such irritability is evidence of that . So many battles lost , one would suggest politely you raise the white flag , a man can only take so much surely ?

[3put] 17/1/2022 11:19

Hits , stop ramping on telegram. It's worse than JTs deramping

[1347] 17/1/2022 11:13

JT We'll have to see how it plays out as we continue along Snake Pass with the (interim) inexperienced bus driver. Looks like someone is taking the opportunity to sell down, several 1 million blocks have gone through this morning already.

[3put] 17/1/2022 11:08

RTO, COPL cam back a few bags up. I'd quite like a rto

[3put] 17/1/2022 11:08

60% last few days, been really tough. Lol

[jtidsbadly] 17/1/2022 11:01

1347: that would be tough on shareholders, if there’s no bid after the interested parties have perused the charge documents and any others that haven’t been shared with investors.

If this is just a ramp, there’s going to be some concern, I should think.

The trouble with my theory about the Lenders is that their first act would be to dump these bozos, surely? I suppose it’s possible that the Earls will make more money from selling their families’ shares in a takeover than they’d make in four months’ salaries and worthless shares?

[1347] 17/1/2022 10:52

JT I don't think very much in their RNS announcements can be relied upon. Suspension of trading coming at some point as bids may constitute an RTO?

[gaffer73] 17/1/2022 10:52

That may be true but SEL are legally bound to pay half. The buyer isn't going to give 6m away for free. Is the buyer bidding for SEL as well?

[jtidsbadly] 17/1/2022 10:48

1347: I doubt it. By the way, I think the share price is a better gauge than market cap. of the management’s performance - the number of shares is far higher now.

I see that, as described in the RNS, the term “will” as used in the RNS is not to be relied upon.

[sincero1] 17/1/2022 10:40

where is chickbait the newly self appointed and supported ( by the other crayon eaters ) piling and gas preparatory expert? Uclot missing too ...

in therapy hopefully... .. uclot i imagine is drafting an apology to mr alabi ....

[3put] 17/1/2022 10:25

JT would say

Northern Rock
AAOG
UKOG
THOMAS Cook
INTERSERVE
Top shop

[iceagefarmer] 17/1/2022 10:23

RE: Who are the Six?Today 09:49
Shell
BP
Total
Exxon Mobil
CNOOC
Gazprom

[3put] 17/1/2022 10:23

He1 looks fab today, tipped that last week

[3put] 17/1/2022 10:22

Poundland is about to start producing untold riche --- stop ramping hits

[jtidsbadly] 17/1/2022 10:04

HITS: I think it’s fair to say that the Lenders played hard ball with Anguish in the loan negotiations. Particularly with regard to the hedges.

What are the chances that, while discussing with Mercuria recent adverse developments at Poundland, particularly with regard to the hedges, in which the Interim MD asked for a deferral, Mercuria carelessly revealed that they had laid off the risk in the hedges with forward sales of their own [at much higher prices]? If they’ve done so, the £ quantum of their risk may be greater than that of Anguish. If so, the current shenanigans would be a good way of demonstrating to the Lenders that the Anguish management is taking its eye off the ball, and the hedges will not be fulfilled. If the Lenders’ potential losses are higher than the cost of taking over Anguish and getting Poundland finished asap, they may have to bite the bullet. The biter bit, what?

[gaffer73] 17/1/2022 10:02

So how much could the offer be? I've done a quick calculation on figures given by the company as worse case:7mmscfd x 10282 = 71974 therm/dAverage ICE therm price for 2022 is approx 175p so that would be just short of 46m revenue. Half that would be 23m for Angus. Best case of 10mmscfd raises that to 33m. So if the bidder pays off Angus's share of the debt and hedges at say 12m. They could clear between 11m and 21m for 2022, minus running costs. Given the current mcap is 10m I don't think an offer of 3pps is unreasonable.