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ANGS Angus Energy Plc

0.275
0.00 (0.00%)
11 Oct 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 0.275 1,758,591 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.25 0.30 0.275 0.275 0.275
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 28.21M 117.81M 0.0266 0.10 12.16M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:41 O 500,000 0.30 GBX

Angus Energy (ANGS) Latest News

Angus Energy (ANGS) Discussions and Chat

Angus Energy (ANGS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:37:420.30500,0001,500.00O
11:20:580.26550,0001,435.50O
10:58:480.26500,0001,305.00O
09:38:030.3022,37867.13O
09:38:030.253,3718.43O

Angus Energy (ANGS) Top Chat Posts

Top Posts
Posted at 11/10/2024 09:20 by Angus Energy Daily Update
Angus Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker ANGS. The last closing price for Angus Energy was 0.28p.
Angus Energy currently has 4,421,854,810 shares in issue. The market capitalisation of Angus Energy is £11,939,008.
Angus Energy has a price to earnings ratio (PE ratio) of 0.10.
This morning ANGS shares opened at 0.28p
Posted at 11/10/2024 12:56 by 1347
JT It could be they did lose out on those hedged tranches, they simply called the futures market wrongly, offset of course by what they made on the other hedges. Maybe that's one reason they left it to Trafigura because then as part of the deal the prices could be adjusted, which they duly were.

"As part of closing of the Refinance Facility, Trafigura will work with the Company's existing hedge provider to organise an orderly transfer of the existing hedge obligations which run until June 2025. A dynamic rolling gas price protection programme has been agreed which will provide protection at least until the scheduled maturity date of the Refinance Facility."

Any which way the cake is sliced there's only crumbs left for non-preferential 'investors'.
Posted at 11/10/2024 12:01 by 1347
PS JT. If you go back to the Annual Report to 30th Sepember 2022 you will see they also wrote extra hedges at 438.0 p and 315.0 p, again if they were the prices that Anguish Energy got they would have been higher than the market prices over the periods to which they relate, apart from when, for a fairly short time the gas price spiked over 600p.
Posted at 11/10/2024 11:37 by 1347
JT Yes I noticed that but took them to be typos with the . in the wrong place and they should have been 122.6, 137.0 and 107.0 You know how sloppy their work is. It was the same with the typo in the existing hedge: 1-Apr-25 30-Jun-25 1,930,000 0.3525, which should have been 35.25p, in line with the prices in the CPR.

Anyway, if you look at the last Interim Accounts (11. DERIVATIVES LIABILITY) you will see that they show them as follows:

*new hedges to price protect the Mercuria hedges crystallized in July 2023
Crystallised hedges at fixed price as below:

1-Jul-24 30-Sep-24 1,840,000 122.60
1-Oct-24 31-Mar-25 3,640,000 137.00
1-Apr-25 31-Jun-25 1,820,000 107.00

Which for me confirms that those in the AR were typos and so, if they were cash swaps as before, the above prices are what Anguish Energy would get and Mercuria would get the market price, which is less, at least in July to September (~90p) and so far into October 2024 (~95p).
Posted at 08/10/2024 12:05 by 1347
JT Maybe it's just me but I still don't get those hedges that were shown in the last Annual Report as crystallised hedges at fixed price and where those fixed prices were above the market price. If they were cash swaps, as before, it meant Mercuria (or Trafigura if novated) would lose out on them.

Then to complicate things even more they then showed different prices and struck *new hedges to price protect the Mercuria hedges crystallized in July 2023 as in the more recent interim report. This despite Lucan stating that they'd been largely settled from the placing.

They've now struck yet more hedges due to the previously crystallised hedges but again don't say what kind of hedges they are, if you don't know what kind of hedges they are then you can't figure out the financial impact. That's probably intentional on their part.

By my calculations the gas has dropped by 22% over the last year which means that unless that compressor makes a difference they'll be under 5 MMSCF/d sometime next year. Yes same old on the drills, just like the GeoThermal ones, all of a sudden it all goes quiet and they hope everyone has a short term memory and forgets it all.

Yes nice little earner for the Lenders, Offtakers, Hedgers, Forrest and other insiders but no investment case here for others that's for sure. Well unless storage proves to be a money spinner, but that's years down the line.
Posted at 19/8/2024 11:02 by jtidsbadly
Another embarrassing interview, this time with Malcy. They’re going to need a lot more money if they’re to do a fraction of the things he’s suggesting.

What’s happened to the CEO? He must surely realise that letting this chap out is not likely to enhance the share price?
Posted at 12/8/2024 10:34 by iceagefarmer
well if angus was an attractive takeover back in 2022 then surely it is now at £10m market cap

(Alliance News) - Morocco-focused Sound Energy PLC's latest bid to acquire Angus Energy PLC offers a "healthy premium", though the UK-focused oil and gas company has so far held firm.

Angus Energy has recently kicked off a formal sales process. Earlier in January, it revealed a strategic review as its market capitalisation did not truly reflect its value, the company said. It's "valuation mismatch" that other smaller energy companies also experience, Angus added.

Sound Energy on Tuesday said it has made a GBP21.6 million proposal, its fourth tilt at acquiring Angus.

The offer comprises of 0.680 of Sound stock for each Angus share. Based on Sound's 2.20 pence closing price on Monday, the offer values each Angus share at 1.50p, valuing Angus Energy's equity at GBP21.6 million.

Sound Energy shares were 4.1% lower at 2.11p each in London on Tuesday afternoon. Angus was up 6.9% at 1.21p, giving it a market capitalisation of GBP13.2 million.

Sound on Tuesday said it made previous offers of 1.00 pence per Angus share, 1.30p and 1.40p. Two were made in December and one was made in January. All three were rejected.

On the latest proposal, analysts at share price Angel Oil & Gas commented: "The offer appears to be fair in our view, valuing Angus at a healthy premium to its current valuation. Nevertheless, the proposal now looks to be heading hostile with Angus holding firm, but as ever, it will be the shareholders that will decide the future of this deal."

Angus on Tuesday said it invited Sound to "execute" a non-disclosure agreement, along with other interested parties.

This would give all suitors access to all information needed to perform "proper due diligence on an equal footing".

Angus Chief Executive George Lucan affirmed: "We will proceed with our formal sales process, without preference to any party and with confidentiality afforded to those parties who wish to enjoy it, as previously advised to the market and in order to secure the maximum value for our shareholders."

Angus on Monday had said it has received "at least six bona fide" approaches.
Posted at 28/6/2024 16:50 by jtidsbadly
1347: re the hedges, there are 4 extra ones we didn’t know about, at higher prices, so possibly not very onerous unless production falls off a fair bit when they’re due while the gas price is higher than the hedge price. Anguish could, possibly, make money on them if the gas price falls. The dodgier element is the very low prices on the hedges that Trafigura has taken over from Mercuria. These will substantially reduce Anguish’s cash flow, whatever the price of gas is. The refinancing, as I said earlier, looks as if it could be more expensive pound for pound than the Mercuria loan. Brother ‘erbert was in every bit as tight a spot as his less ascetic predecessor. The only justification for an investment here is the expectation of a big gas price rise. Or, of course, another p&d.
Posted at 03/5/2024 23:12 by iceagefarmer
Angus Energy Takeover Forum Posts
03-05-2024
hopeful25
Rumours of takeover!!
15-04-2024
hopeful25
More like rumours of a buyout/Takeover!!!
06-03-2024
iceagefarmer
angus is a sitting duck for a takeover soon...Shell?
01-03-2024
JTidsbadly
1347: I mention those two because of one or two important similarities to the position here. As for “most of thisâ€￾, I agree with all of it really but think the 0.40 is irrelevant now. If thereâ€â222;¢s a takeover. It will be at a fraction of that price. They'll get the biggest possible placing away first though, what? I’ve had a look at the Kemexon UK accounts published last month. Itâ€â„;¢s a tiddler, isnâ€â̶2;¢t it?
JTidsbadly
1347: yes, I agree with nearly all of this, as you know. I think itâ€â„;¢s more likely that Anguish will be taken over and a minimal payment paid to shareholders for it, more like 0.05 or 0.1p per share than anything close to where it is now. People will ask, in that case why go through the whole loan process? Well, thereâ€â222;¢s a few nice arrangement fees involved in the latter, and Trafigura will get its money back in a takeover, wonâ€â̶2;¢t they? The jayhawkers on the UKOG and Vast sites donâ€â̶2;¢t seem to be universally content. Whoâ€â̶2;¢s next?
27-02-2024
JTidsbadly
Dreadful for shareholders. I wish them good luck but agree with you 1347. Youâ€â̶2;¢ve been warning for a very long time about a low priced takeover following exercise of options/warrants etc. at a low price. I’ve gone on and on about the need for further big equity issues here. Itâ€â„;¢s done and dusted. I wonder how long it will take for the penny to drop and for the share price to reflect the reality.
19-01-2024
1347
So just tumbleweed on this BB now. Meanwhile time's up on the Bridge Loan Too Far and as I expected it has gone to the wire and the share price has been walked down towards the floor price of 0.4 p, in my view contrived and exactly as 'erbert and his major shareholders intended. So what will it be now? A conversion at rock botton price giving Aleph a shed load of shares sufficient, along with Kemxon to do a back door takeover of Anguish Energy? Or will it get can-kicked for another 3 months, with an even lower floor price and more warrants and fees, no doubt paid by confetti shares. Either way it seems to me it's close to game over for smaller shareholders, no value to be had here. All just my opinion but we'll see what happens on the next few bends on Snake Pass.
Posted at 30/4/2024 08:59 by 1347
I see Forrest has gone, just Carlos to now go then out of the original lot. Makes it easier for Forrest to sell down all those shares he got for those apalling deals (for Anguish Energy shareholders) that Lucan facilitated, as he now only has to disclose if he passes a threshold.

Also WH Ireland have gone, another part of the dodgy history here in my opinion, all those share prices rises just before large holders like Labrum, Lang et al, Aleph, Forrest dumped shares weren't normal market action or just coincidence, in my opinion. Something I've long said should be investigated as well as recent share price drops that facilitated low price share conversions.
Posted at 12/10/2023 19:46 by 1347
JT I took a stroll over in Kansas today. They jayhawkers don't seem to understand why the share price is down when the gas price is up. When you bump into your close friend Offy Prof then can you ask him to explain that a 12.5% share dilution (even without the fees) does tend to drop the share price by around the same amount. Also that expensive pay day loans do tend to reduce company value. Also that millions upon millions of Warrants priced at the give away price of just 0.66p (or less) do tend to have a negative effect on the share price They do seem to struggle with these concepts.
Angus Energy share price data is direct from the London Stock Exchange

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