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ANGS

Angus Energy Plc
1.625
0.025 (1.56%)
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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
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  0.025 1.56% 1.625 4,556,842 09:02:55
Bid Price Offer Price High Price Low Price Open Price
1.60 1.65 1.625 1.60 1.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -15.60 -1.78 42
Last Trade Time Trade Type Trade Size Trade Price Currency
09:37:10 O 7,000 1.6005 GBX
Related Shares
Bp (BP.), Harbour Energy (HBR), Spitfire Oil (SRO), Nautilus Marine Services (NAUT)

Angus Energy (ANGS) Latest News

Angus Energy News

Date Time Source Headline
23/3/202316:35UKREGAngus Energy PLC Price Monitoring Extension
17/3/202311:30UKREGAngus Energy PLC Holding in Company & TVR
08/3/202316:35ALNCNewsIN BRIEF: Angus Energy commissions second compressor at Saltfleetby
08/3/202307:05UKREGAngus Energy PLC Annual Financial Report
02/3/202319:57ALNCNewsTRADING UPDATES: Downing Renewables acquires two hydropower plants
02/3/202307:00UKREGAngus Energy PLC Saltfleetby Drilling and Corporate Update
22/2/202314:05UKREGAngus Energy PLC Second Price Monitoring Extn
22/2/202314:00UKREGAngus Energy PLC Price Monitoring Extension
17/2/202314:05UKREGAngus Energy PLC Second Price Monitoring Extn
17/2/202314:00UKREGAngus Energy PLC Price Monitoring Extension

Angus Energy (ANGS) Discussions and Chat

Angus Energy Forums and Chat

Date Time Title Posts
27/3/202317:04New Angus Charts and News34,422
25/3/202317:31ANGUS ENERGY - 20221,277
14/3/202313:39GEORGE..THE COUNTRY IS RELYING ON ANGUS TO SUPPLY GAS THIS WINTER ..DO NOT FAIL!34
22/11/202214:16Remember black monday 1987? history about to repeat?storm Angus7
28/8/202210:34IF EVERYONE INVESTS IN ANGUS ENERGY IT WILL BRING DOWN GAS PRICES FOR FOLK3

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Angus Energy (ANGS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:37:111.607,000112.04O
08:32:041.60862,25413,830.55O
08:31:541.60864,90913,838.54O
08:30:201.6280,0001,296.00O
08:16:291.61100,0001,605.00O

Angus Energy (ANGS) Top Chat Posts

Top Posts
Posted at 22/3/2023 10:59 by headinthesand
1347, I very largely agree - but since I seem to have missed it, where does the AR state that the deferred consideration to Paul Forrest now is all payable within the current FY?

You're right to mention that originally at least and as stated in the SPA, this deferred consideration (which at the time and from memory was estimated to be "up to £6.25 million") was scheduled to be paid in (presumably quarterly of half-yearly?) instalments up to end Jun 2025. And yes as you say, due to a dearth of cash in the ANGS coffers at the end of the last FY, in Dec 22 PF accepted 60.6 million shares in lieu of the first million quid he was due.

Separately, since the ANGS question all revolves around the company generating enough cash to cover off its already incurred (and quite possibly about-to-be-incurred... £3 million at 15%, anyone?) liabilities, I'm also interested in how much of the £12 million loan they didn't need has been paid back? This has as we know an interest rate of 18%+ attached to it, which I am presuming (possibly wrongly) is a term interest rate, rather than an annual one.

If I'm right, that'd total about £14.2 million total. The FY accounts seem to show that so far, ANGS has paid back just £450k of capital and just c. £150k of interest... so there's a long way to go on that one, before it comes to term, also at end Jun 2025.
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Posted at 18/3/2023 10:45 by 1347
JT There wasn't anything about Cindrigo/Challenger in that article I posted, unless I'm missing something? It was more to do with Kemexon, who seem to be putting their fingers in a variery of pies. Not sure they have a clear strategy, other than just any pie that may have some renewable energy in the ingredients.

Yes the P&D is warming up, side-track pretty much 'nailed on' for the third time according to Captain Push2. They'll need to support the share price up to the AGM when they get that authority to issue another 2,289,401,000 shares I think it is (66% of the existing share capital). I reckon ShareCoin Sanderson will need to do a placing soon to make sure he stays ahead of Lord Snootie in the Shareholder Dilution steeplechase.
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Posted at 13/3/2023 08:41 by jtidsbadly
1347: yes, it certainly did, but Mercuria appear to be giving them a lot of rope in a number of areas, don’t they? Perhaps with that run-up in the share price last September, Anguish could point to the value of their share warrants? But technically, a substantial breach. I should think they’re in the same position today,

On a technical point, one or more of the uber-shills keeps saying that the forward contract settlement dates are daily. However, the company refers to them as monthly hedges and, as everyone on this site knows, these contracts are bespoke, we don’t know whether it’s daily, weekly or even quarterly. My best bet is monthly. Whether the price at which they're settled is the product’s average daily closing price or the price at the close of business at month end is also unknown other than to insiders. If these shills know for sure that settlement is daily, they are insiders and should reveal the fact to the site on which they’re commenting.
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Posted at 09/3/2023 11:23 by 1347
JT Regarding your respose earlier, Yes we'd already established they were just cash swaps based on the hedged volume of gas, with the fixed hedged price to Anguish and the floating market price to Mercuria (still not sure when they set the market price though). So really the swaps have nothing at all to do with the actual volume of gas produced or sold, at least as far as Mercuria are concerned as Anguish don't transfer any actual gas to Mercuria at all.

Anguish sells all the physical gas to Shell via NG at whatever price they use (I assume the NTS System Average Price but NG have several prices and what you get also depends whether the volumes are above or below what nominations have been made), then it's less Shell's offtake charge and the system access charges.

Yes I thought that the decimal point was in the wrong place, because one date and the price heading are definately wrong. However if the prices for the additional volumes are in fact correct then it looks like Mercuria have scored an own goal on those deferred volumes, maybe they expected the market price to be much higher by H1 2023? It would also make my revenue projections different, I'll re-do them later with both scenarios.

PS: I don't get the liability on the Q3 2022 hedges to be as high as you do, I get about £6.5 m but again it depends on what market price was used to set the floating leg. Still I don't see how the £3.3 million paid in December covers the majority (if not all) of the earlier closed hedges as was claimed by LL, especially when there is another £4.175 million still to be paid in June 2023.
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Posted at 09/3/2023 09:44 by jtidsbadly
1347: I’ve looked at the other site and no one on there properly understands these swaps/hedge/forward sales contracts.

The forward sales contracts between Anguish and Mercuria commit Angusih to sell to Mercuria a fixed volume of gas, at a given price, every month. If they meet these contracts, any gas they produce in excess of the contracts is Anguish’s and no business of Mercuria’s. The lower the contract price, however, the less revenue Anguish gets for the contracted volume of gas. When Anguish sell the excess, if any, they get the full market price of the excess, not the difference between the forward contract price and the market price. All these sales are settled in cash, not in gas. All the Poundland gas is sold to Shell.

So those very low priced contacts are extremely favourable to Mercuria and unfavourable to Anguish. Mercuria buys the gas at a very low price, whether Anguish is producing gas or not, and can sell the contracted volume on in the derivatives market at the market price. For Anguish, the gas they produce in excess of the monthly amount they’ve contracted to sell very cheaply to Mercuria is theirs and they make the full market value on it.

If Anguish produces in excess of the contracted volumes, all they’ve lost is the opportunity cost of not having that gas to sell at the much higher market price. Provided they can cover their operating costs, it’s not a big problem, though it’s very unfortunate for shareholders hoping for a dividend. If they can’t cover the volume required under the forward sales contracts, however, they have to find the difference between the price Mercuris are paying them for the contracted volume and the market price. That was the problem in July and August and it’s pretty clear now that it exceeded even my £8mm. estimate. It’s also clear that they are not currently in a positive cash flow position. This means they have to find more money. Hence the £3mm loan. It won’t be nearly enough. They need this sidetrack.
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Posted at 27/2/2023 10:22 by jtidsbadly
Negan: if they’ve hit another snag, it’s a big problem. They must be hanging on in the hope at least of a sniff of gas, so that they can get the share price up above the 1.65p of the December placing at which price Aleph and connected parties took a load of shares. If this latest attempt fails, any new release is likely to include an equity financing, surely? So an RNS, not a twitter offering. Given the existing huge share overhang in less than sticky hands, there’s scope for quite a big reversal. And that assumes their recent supporters would be willing to take up shares in another big placing. I doubt the mugs would put up enough. Anguish need this sidetrack to succeed.
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Posted at 23/2/2023 16:09 by bill hickman
Drilling expected to complete tomorrow and no problems expected in the final stage.

Expecting a good result and then a much improved share price after overreaction to slightly longer time to completion than expected.

Looking good for ANGS next week.
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Posted at 19/2/2023 23:04 by letsbuy1
Oneto many did you visit his mum aswell.. omg isn’t she hurrendous
Like the share price at the moment
I flipped her over and just thought of 5p Angs and closed my eyes
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Posted at 16/2/2023 13:58 by chickbait
sincero116 Feb '23 - 13:31 - 33118 of 33120
0 6 0
afternoon disingenuous non shareholder bellends ... apologies for not posting earlier but some of us have to work so my company can pay corporation tax to help pay for your benefits and mental health care ....as is the norm share price drops and the trolls/activists/bitter investors/fruit loops take over forums ... when the price rises genuine shareholders then take over...i have done very well out of angs and on a free ride and my average is still nicely lower than todays price.... angs owes me nothing .... so happy to always be here to point and laugh at you all ... i will be here when the sidetrack rns lands ... how many of you will be .... by the way share price feb last year was 0.80 ....some might see this as a good time to buy more...
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Posted at 16/2/2023 13:31 by sincero1
afternoon disingenuous non shareholder bellends ... apologies for not posting earlier but some of us have to work so my company can pay corporation tax to help pay for your benefits and mental health care ....as is the norm share price drops and the trolls/activists/bitter investors/fruit loops take over forums ... when the price rises genuine shareholders then take over...i have done very well out of angs and on a free ride and my average is still nicely lower than todays price.... angs owes me nothing .... so happy to always be here to point and laugh at you all ... i will be here when the sidetrack rns lands ... how many of you will be .... by the way share price feb last year was 0.80 ....some might see this as a good time to buy more...
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