Angus Energy Share Discussion Threads

[gaffer73] 17/1/2022 18:33

Can't see any less or why would anyone bother making an offer.

[3put] 17/1/2022 18:31

Cheerleaders are 100% up, I would believe the moon is made out of cheese if George told me. Importing point here is that your cash becomes my cash, expensive lesson but an important one CQ.

Let's see whoo's right shall we? - Agree, you keep your short open and I will keep my long open.


Not long to go now folks... CQ & 3Put ;-)

[3put] 17/1/2022 18:23

The problem for ANGS -- Nice problem to have hits. 6 notes of interest. Hopefully George puts it to a closing date.



alleged "asset" - Nothing alleged. Proven reservoir.


Given that the lenders have all the decision-making authority because they've got first charge on the entire asset -- You said we would never get the finance?




eye-wateringly large 100% gain over the last few weeks - Agree

And anyway, what tone would you honestly expect - Same negative one you always have?

[3put] 17/1/2022 18:20

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

[clottedq] 17/1/2022 18:03

HITS: "PS CQ... that £12 million cost over-run is going to increase by another 10%, according to the Jan 6th RNS..."

Yep... the story just keeps getting worse (for shareholders anyway!)

CQ ;-)

[gaffer73] 17/1/2022 18:02

Of course and that is part of the due diligence. Options are available though. "if the Loan is not to be immediately refinanced and/or the Hedge accelerated."

[onetomany] 17/1/2022 17:47

We should expect outright bid in 2.5-2.75 range.

[clottedq] 17/1/2022 17:35

In the words of Monty Python: What has (George Lucan) ever done for us:

1) Crashed the share price by over 90% since his arrival.

2) Got his project evaluation costs out on Saltfleetby by £12 MILLION and counting!

3) Got his project evaluation deadlines out on Saltfleetby by over 2 YEARS and counting!

4) Done NOTHING value-adding - to date - with our other oil (assets?)!

5) Increased his salary and that of fellow directors (for what exactly?)!

6) Borrowed a lot of money (which he said at the outset wasn't going to be needed!

And... this is the best bit:

Is this the same George Lucan who is now telling us he has expressions of interest in the company - immediately ahead of a rushed emergency authority to place several more million shares on the market at his choosing?

Cheerleaders would have you believe that this nothing more than a strange coincidence... IMHO, I would call it George... just being George: stirring up a lot of hot air for the purposes of getting his next placing away.

Let's see whoo's right shall we?

Not long to go now folks...

CQ ;-)

[gaffer73] 17/1/2022 17:34

I'd be happy with 2p. That would be >100% for me, 3p and I'd be ecstatic.

[gaffer73] 17/1/2022 17:30

True. Full offer soon would be the best outcome.

[headinthesand] 17/1/2022 17:28

The problem for ANGS is that the closer it gets to July without production, the shallower the pockets any alleged offeror will need, because both company and/or alleged "asset" become quite rightly viewable as ever more distressed.

Given that the lenders have all the decision-making authority because they've got first charge on the entire asset (both ANGS's 51% and SEL's 49%) as I understand it, it wouldn't be difficult for them to acquire Poundland on the cheap, if they were so minded... just by letting matters run their course. That is, unless they're given £12 million plus interest (dunno what happens to the 8% revenue override). The same's true of those on the other side of the hedge, unless the hedge is bought out, but that'd cost an eye-wateringly large heap at current gas pricing.

Sincero, the ANGS BoD has come across as unbelievably confident countless times before, only for such displayed confidence been shown to be entirely misplaced every single time.

And anyway, what tone would you honestly expect an AIM company living to date entirely on PI-supplied money to adopt... timidity?

[gaffer73] 17/1/2022 17:04

The buyer could remove all those issues if they have deep pockets.

[clottedq] 17/1/2022 17:02

Expressions of interest indeed. Could one of them be U-Dog by any chance?

No wonder George doesn't want to mention them by name... he knows The Market will say "FFS give over" and drop the share price again IMHO.

CQ ;-)

[3put] 17/1/2022 16:47

What spin Hits, rather than stinking the place out every day for months you could have had close to 100%. You even called out the rise yourself, learn to be more confident and back up your words with actions. It will make you a better trader. Just an observation

[sincero1] 17/1/2022 16:46

hits - progress is being made at saltfleetby that is plainly obvious . bod is confident, which i did mention several times . sometimes you just have to have the brains to read what isn't there and feel the sentiment. bids perhaps incoming ...from who is the exciting bit ... shell anyone ? just saying ... if the price can rise today on "bona fide approaches " what might happen with an actual bid and from a decent name ..... this is fun right ? well obviously not for the resident grey disingenuous crayon eaters who have been humiliated and embarrassed again ...this must be awful....pahahahahahaa....

[headinthesand] 17/1/2022 16:37

Despite all the noise, ANGS still needs to progress Poundland as fast as possible.

Which raises an interesting question:- if they're short of funds to see this to a finish (as strongly indicated by the "10% over-run on contingency needed" throwaway comment embedded in the "we've got expressions of indicative interest" Jan 6th RNS), can a company realistically do a placing while it's in the middle of a self-imposed FSP?

The issue for ANGS remains those two inexorably ticking alarm clocks of debt repayment and hedge fulfilment. The closer it gets to those two going off without being in full production, the less the company (or its pretty much single "asset") is liable to fetch...

[gaffer73] 17/1/2022 16:34

Nice finish with a flurry of buys.

[clottedq] 17/1/2022 16:33

Sheer desperation by the cheerleaders to get above 1.2p for the warrants to be exercised... are they going to make it?

Are there enough mugs out there, willing to take what Anguish BOD say at face value?

More fool them IMHO.

AIM Pump & Dump in progress from what I can see... nothing more... nothing less!

CQ ;-)

[3put] 17/1/2022 14:56

1247, take the filer off and have a debate. Are you 🐔

[3put] 17/1/2022 14:54

JT typed thag while looking in the mirror