We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

ANGS Angus Energy Plc

0.00 (0.0%)
05 Dec 2023 - 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 0.0% 0.60 1,967,733 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.55 0.65 0.60 0.60 0.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 3.14M -111.95M -0.0309 -0.19 21.73M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:22:26 O 150,000 0.58375 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
2023-12-05 16:22:280.58150,000875.63O
2023-12-05 16:16:520.5880,000467.00O
2023-12-05 16:10:420.6139,088238.05O
2023-12-05 15:50:580.5827,412160.02O
2023-12-05 15:38:550.58150,000875.63O

Angus Energy (ANGS) Top Chat Posts

Top Posts
Posted at 05/12/2023 08:20 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 0.60p.
Angus Energy currently has 3,621,860,032 shares in issue. The market capitalisation of Angus Energy is £21,731,160.
Angus Energy has a price to earnings ratio (PE ratio) of -0.19.
This morning ANGS shares opened at 0.60p
Posted at 21/11/2023 10:01 by 1347
JT In my view (long standing as you know) it's being arranged such as not to have to make a bid at the highest price over the last 12 months. Conversion of the Bridge Loan Too Far and or Warrants may give Kemexon and Aleph control without needing to table an offer.

Or, they could just wait until the share price is so low that the highest price over the last 12 months is low enough anyway so any offer could be deemed to be 'in the shareholders best interests'.

Or they could get over 50% of the shares by Warrant and Loan conversions and table a resolution to de-list, et voila no LSE regulation then at all, not even the lip service one there currently is.

Either way non-related parties are going to get cleaned out here in my view, I think the plan was always to clear out those stale bulls, what, what. Hence why 'erbert was roped in and Paddy's still chair. It's Snake Pass on a dark and foggy night, always a risk of the old Anguish bus going off the edge.

All together now - "We are the self preservation society....
Posted at 12/10/2023 18:46 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.
Posted at 19/9/2023 07:44 by 1347
JT . I thought it odd that these Lender shares weren’t issued closer to the anniversary date of the actual Loan They Didn’t Need completion, which was on 3rd June 2021, especially as last year they were issued a bit early on the 24th May 2022. The Share Price on 3rd June 2023 was 1.15 p, now it is around 0.70 p.

The Bridge Loan Too Far was first announced on 30th June 2023 and the terms for that and the need for ‘Global Refinancing’(or as I call it: ‘the now you can borrow enough to get completely out of debt loan’) on 14th July 2023 and started to be drawn down from the 21st July 2023.

So instead of issuing the Lender shares on or around the anniversary date they delayed it for 3 months and then issued them at a deemed price of 1 p. Obviously since the share price is now around 0.70 p the delay means they are now under water (unless they were forward sold a while back).

However there’s another consideration, because of the terms of the Bridge Loan Too Far:

The Company will also issue 300 million 3 year warrants to ACL (or associates or parties nominated by ACL) at a strike of 1.5p per share, for which authority will be sought at the next general meeting of the Company. The warrant strike price will adjust to the price of any equity issued during the term of the Bridge Facility if such equity issuance is at a price which is lower than the Warrant strike price. The Company is not planning any issuance ahead of a refinancing.

They say they are not planning any issuance of shares ahead of a re-financing, however they have just done so and issued some and if I interpreted this correctly the 300,000,000 Warrants are now priced at 1.0 p rather than 1.5 p, although they rather conveniently don’t mention that do they? Have I interpreted this correctly in your view?
Posted at 23/8/2023 17:56 by 1347
HITS I expected it to drift down as insiders and other traders sold, helped by the fact that certain of them would benefit from a VWAP towards 1 p to get as low a conversion price as possible for the Nijmegen Bridge Loan. Once they'd achieved that I expected the share price to bounce as those conversion shares got foward sold (it helps a lot if the Company Broker is also a MM and certain large holders are not disclosing holdings in line with the FCA DTRs and are moving their holdings around to stay under the radar).

However 'erbert and/or Lucan, in discussions with those self same insiders, decided that wasn't enough pain and went for the Bridge Loan Too Far and set the dial at 0.40 p. Absolutely terrible deal for any non-insider share holders, as indeed all of their deals have been. It's no surprise to me therefore that it's now headed towards that target, although it may not get all the way there it will get low enough to have a conversion price of, say under 0.50, I reckon. Of course no-one is in any rush to close that deal because it's advantageous to let the share price drift down isn't it?

Oh then we have a new 'Global' Bridge Loan (ha, bloody ha) well they are hardly likely to get terms much better than the current loans are they, or if it's another CLN, a conversion price at a premium. Of course higher gas prices help the revenue but it just means they have more money to flow to certain entities doesn't it? I don't think anyone has paid sufficient attention to this, most are too focused on gas prices and name calling.

Effectively non insider shareholders are being wiped out here, most of them are too dull to see it though, despite that playing out over the history of the company since they took on the loan they didn't need. AIM, like the country itself, is simply too corrupt and manipulated to be taken seriously anymore, if it ever was.

All just my opinion of course, the normal disclaimers apply.
Posted at 02/8/2023 16:10 by 1347
JT Well he's less prone to flights of fancy, which I prefer over Lucan, but it seems Aleph have him over that same barrel as they did the previous pen holder, although how willingly that is I'm not sure. For me it's in Aleph's interest to drag this out to help the share price drift lower, so he's either weak or happily going along with it.

Before this latest loan I didn't expect the share price to go below 1.0 p, and if it did, then not by much as I felt once they's got that VWAP down to be able to convert the loan at around 1 p (which I still believe was contrived) then I expected it to bounce but the new loan scuppered that.

From a non related party shareholder perspective it was apalling to then agree a new Bridge Loan Too Far with a VWAP floor of just 0.4 p, which is now where the share price is heading (it won't get stuck at 0.8 p). In effect it's a variation of a traditional death spiral loan but instead of ever lower conversion prices along the way he's set the dial for just one large conversion at rock botom price at the end.

That is unless they negotiate an even bigger loan, which no doubt will also be at usurious rates plus fees in shares plus Warrants. So Aleph are in win win situation either way, others are not.
Posted at 02/8/2023 06:25 by 1347
JT It's not just the loans though is it, if they pay the deferred consideration by shares they are hardly going to be at a premium to the prevailing share price and much higher than what Aleph can convert at are they? I maintain my view that the share price is being walked down to allow a favourable conversion price and/or low ball take out.

It will be interesting to see what happens with Kemexon, where the conversion price floor was 1 p, and Aleph, which has a conversion price of 25% discount to the current share price with a floor of 0.4 p, are they going to agree to give Kemexon the same deal? Otherwise they will be immediately under water if a conversion occurs when the share price is below 1 p? Or will there be a concerted ramp to get the share price back up so they get the same price having forward sold them before the conversion?

On the storage, I noted that Centrica re-opened and then extended capacity at Rough. Storage capacity is needed now, before this winter, who knows what the situation will be in several years time or when Anguish end up actually doing something?

More twists and turns to come on Snake Pass, I'm sure.
Posted at 25/7/2023 20:20 by headinthesand
It's literally farcical next door, with the cheerleaders working themselves up into paroxysms of rage, when confronted with two very simple questions.

1. So, what is your explanation for the market considering that ANGS shares are worth less than a penny?

2. The sidetrack has been drilled and output is (currently at least) running at 3 million therms a month... and yet the share price remains pathetically low. So what else needs to happen to get the share price moving upwards?

Of course, they have no answer.
Posted at 10/7/2023 18:16 by 1347
JT Not so sure about that, wasn't it Lucan who negotiated the loan they didn't need, plus those hedges plus the royalties plus the first Payday loan? I suspect it's the existing baggage that's causing issues with the latest Payday loan.

I wonder if it's the conversion price? The original pay day loan was convertible at a 25% discount to the VWAP with a floor of 1p. It's not clear though (as per usual) whether the floor related to the conversion price (which is what I assumed) or to the VWAP price. It's a shame they didn't get someone on board that had a degree in English to write these RNS announcements clearly, what, what?

Anyway, I suspected the share price would be 'walked down' to get the lowest possible conversion rate, whether that's 0.75 p or 1.00 p though I'm not sure. If it was 0.75 p that would give Aleph a lot more shares and, in my opinion, it stinks that they sold down recently knowing Anguish will likely convert the loan at a lower share price

Then again it could be FESL objecting as it will make it more difficult for Forrest to offload his shares at a better price, although he would benefit from getting more ShareCoin as Deferred Consideration at the lowest share price

Then again it may be that someone wants to table a low ball offer to get that storage for next to nothing. All idle supposition of course but whatever's happening in the background you can bet your last dollar that only insiders and City of London barrow boys will benefit from it.
Posted at 05/7/2023 05:56 by 1347
JT There's been plenty of evidence along the way. The original deal and forecasts in the first place, anyone with any knowledge of the industry would have known their time and costs were not achievable. Discussing a loan with Banks whilst telling market a different story. Largest holder at the time selling out on a rise a few weeks before the loan they didn't need being announced. The Sound Energy bid and those other interested parties (never found out who they were did we?). More big holders, Langs et al, selling out just before the bid was withdrawn. The share price rises before announcing drilling issues/delays then a placing. Another share price rise just before FESL selling down.

Now we have the supposed 'strategic investor' (ultimate owner being some entity in Delaware) selling down and who previously disclosed their holdings very late. Then there's Lidsey 'Back in the Frame' (or is it?), Brockham 50 BOPD claim (not even close, now 0). The latest is now the share price back below 1 p, very convenient if you want to convert loans at a price that gives the Lender the greatest number of shares. All just coincidences? I tend to think not.

As for Wolfy, you keep asking but you'll get the same answer, I don't know, nothing was mentioned about it in the interims so I expect he's gone back to the woods.

Important Notice

This post contains 'opinions' 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 opinions. These forward-looking opinions involve risks and uncertainties that could cause actual events to differ materially from those expressed in the forward-looking opinions. Many of these risks and uncertainties relate to factors that are beyond the Author’s ability to control or estimate precisely. The Author cannot give any assurance that such forward-looking opinions will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking opinions, which speak only as of the date of this announcement. The Author does not undertake any obligation to update or revise publicly any of the forward-looking opinions set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.
Posted at 04/7/2023 13:44 by headinthesand
Meanwhile the ANGS share price can hardly be said to be performing in a stellar fashion.

But hey, why let a stark auditable fact get in the way of a fairytale narrative? Best to ignore that inconvenient truth and pretend it doesn't exist.

Nevertheless, things chez Angus are clearly not as it and its zealots would have one believe.
Angus Energy share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 |