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AST Ascent Resources Plc

3.90
0.10 (2.63%)
07 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ascent Resources Plc LSE:AST London Ordinary Share GB00BJVH7905 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.10 2.63% 3.90 1,171,299 08:47:30
Bid Price Offer Price High Price Low Price Open Price
3.80 4.00 3.95 3.90 3.95
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 581k -41.89M -0.2527 -0.15 6.46M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:13:42 O 500,000 4.00 GBX

Ascent Resources (AST) Latest News

Ascent Resources (AST) Discussions and Chat

Ascent Resources (AST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-07 17:13:424.00500,00020,000.00O
2023-12-07 17:13:093.95500,00019,750.00O
2023-12-07 13:51:083.8550119.29O
2023-12-07 10:06:493.8575,0002,887.50O
2023-12-07 09:00:193.8075,0002,850.00UT

Ascent Resources (AST) Top Chat Posts

Top Posts
Posted at 09/11/2023 14:20 by lammergeier
In the good old days,a small company with a majority of its Market Capitalization
made up cash was known as a SHELL company. It would be regarded as an attractive
takeover target especially by a non quoted financial and or private company looking
for a quick entry onto the stock market.Often the share price of a minnow SHELL
Company has the potential to rocket if the right conditions take place.
Watch this Space
Posted at 03/11/2023 14:47 by bad gateway
Thats a daft way of looking at things imo chinese what if they lose? you get nothing as denying traders a pot to go for will assure this share price does nothing but dribble down as the date approaches.

Best approach is to do the opposite. Set the record date as the day the decision lands on their desk. They can suspend the shares and if you're in you get a cut.
€656M claim wouldn't be outrageous to expect a £60M market cap if/when they get to the "imminent decision" stage at which point you'd have your investment back and your case for damages falls apart anyway.


"My fourteenth (and last) trance was at the beginning on this year
1,000,000 (in old money) £377
Share price was 3.7p in new money !

On this date I had accumulated 4,000,000 shares (40,000 in new money)
£15,178 !
My break even price was (is) 38p in new money"
Posted at 02/11/2023 16:17 by linesal2
I have been adding when under 3p, but going forward it will depend on future growth (ESG, Slovenia} news.
The fact we won the arbitration case will be recorded as AST being conned out of millions, which will undoubtedly help the main claim. I have no doubt in my mind that Slovenia will settle out of court sooner rather than later as the deck is definitely stacked against them, when- I have no idea, could be within 6 months or 2 Years, but I am convinced they will make an OOC offer probably at a 50% discount, but would AST accept it, they way things have gone in AST's favor I doubt it. It is still a high risk but becoming less and less of a Risk with the wrongdoing of Slovenia being exposed. worth thinking- a £100Mill payout is 20x current mcap. AIMHO
Posted at 31/10/2023 10:33 by chinese investor
My fourteenth (and last) trance was at the beginning on this year
1,000,000 (in old money) £377
Share price was 3.7p in new money !

On this date I had accumulated 4,000,000 shares (40,000 in new money)
£15,178 !
My break even price was (is) 38p in new money !
Posted at 31/10/2023 10:31 by epo001
Price 3.3p, market cap 7.1M so perhaps 230M shares issued. Nett receipts after costs from 1st 2 payments perhaps €1.5M at best. So any payout per share will be miniscule, I'm more hopeful for the effect on the share price
Posted at 28/10/2023 08:45 by chinese investor
My 3rd trance, which was just a couple of weeks after the 2nd, was on 23 August 2016
61,327 £889

The price was 149p in new money !
(n.b. the share price of my second trance was 200p !)

The 61,327 is now 613 (because of the 1 for 100 consolidation)
Posted at 26/10/2023 08:42 by chinese investor
I bought my first tranche of AST shares on 16 September 2015.
38,673
They cost me £1,000

The share price was 256p in new money !
Posted at 26/9/2023 10:49 by linesal2
Doubt they will let it go the full range, As the costs will increase along with the interest. these are usually settled out of court and I doubt this will be any different. Slovenia is always stiffed by its own government officials (they have a track record). the way AST has been treated is outrageous and no court will find against AST, and the cancelation of any type of fracking was the slam dunk.
so they actually paid £50m+ for a piece of land that they said they could extract the gas and then would not allow them to, but kept them stringing along for years without making a decision, when any information was available it was given to the press firstly not AST. and granting permission to build a new plant but not give permission to re-stimulate the existing wells was just a way to stick their fingers up to AST, We will have the last laugh and sooner rather than later. AIMHO
Posted at 16/8/2022 09:48 by chinese investor
AST 16 September 2015 38,673 0.02560 £1,000 SIPP
AST 8 August 2016 100,000 0.02000 £2,012 OTHER
AST 23 August 2016 61,327 0.01490 £889 SIPP
AST 31 January 2017 70,000 0.02500 £1,758 OTHER
AST 08 March 2017 30,000 0.02150 £655 SIPP
AST 10 March 2017 30,000 0.01320 £407 OTHER
AST 13 July 2017 70,000 0.01540 £1,088 SIPP
AST 12 March 2018 200,000 0.01050 £2,110 SIPP
AST 10 May 2018 200,000 0.00900 £1,810 SIPP
AST 18 December 2018 200,000 0.00350 £712 OTHER
AST 19 June 2019 500,000 0.00210 £1,060 SIPP
AST 22 October 2019 500,000 0.00166 £840 SIPP
AST 22 February 2020 1,000,000 0.00045 £460 SIPP
3,000,000 £14,801

Break Even £0.49338 TOTAL

Break Even £1.22 4,000 £4,890 OTHER
Break Even £0.38 26,000 £9,912 SIPP
Posted at 09/2/2021 17:24 by wrestlingmad
As a LTH in AST from pre-consolidation days of 2017/18 and suffering like a lot of other LTH with large paper losses (especially after consolidation) I thought I’d look back as where AST was back then and compare it to now to see what the potential is now for both LTH to recover losses and new investors to make some money.


2017/18

At the highs of this period the share price was around 3p (300p equivalent now).

We were waiting for permits to land to re stimulate the wells and build a processing plant onsite to enable the sale of gas directly into the Slovenia grid.

We had a contract to sell raw gas to INA in Croatia while the process was being followed.

At this time the ‘asset’ as in gas in the ground was valued at circa €200million.

We all know that the re-stimulation permits were not granted and the share price dropped dramatically other things (such as tools down wells) also caused the share price to drop.

What AST did get is the IPPC permit for the processing plant.

So if this is still valid they do have that.

Then the 100-1 consolidation happened, new board and the legal challenge started...


Feb 2021

So where are we now in comparison:

Current share price 14p

Value of asset has increased from €200m to circa €400m due to gas price increases over past 3 years.

New Contract to sell raw gas to INA (possibly at much higher prices than before) once current pressure testing completed.

€20-€40million in compensation pending from Slovenian government.

Re-stimulation permits for current wells could be awarded as part of settlement.

IPPC permit already in hand (if still valid) so on-site processing plant can be built.

Pressure in wells increases naturally over time and they have been closed for nearly 14months, so current pressures could be higher than the pre Dec 2019 closure, so more gas to sell.

Cuba - the new unknown project so AST is no longer a one trick pony anymore.

Recent news that Cuba is open for business to companies outside Cuba can only help this project develop in coming months/years.

Finally - Settlement from Slovenia (TBC of course) should be enough to cover the cost of building the processing plant and to further advance the Cuba project without any further financing/placings being required, therefore no further dilution to the share price

Factoring all the above and if news in next few weeks is as expected then surely a share price of 100-150p is achievable in the medium term (1-1.5p in pre-consolidation money!)

That’s still only 50% of where we were when waiting for permits in 2018 on the back of an asset worth €200m and no money to build the processing plant.

I hope these observations help LTH & new investors alike.

Other LTH’s opinions always appreciated.

I’m not trying to to ramp the share price but point out that the fundamentals are there for a sustainable rise over the medium term.
Ascent Resources share price data is direct from the London Stock Exchange

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