Bay Capital Share Discussion Threads

[onjohn] 01/3/2022 12:44

Has the 90 year old kicked the bucket

[someuwin] 14/1/2022 09:54

More buying today.

[irish boy] 13/11/2021 17:22

The after hours purchase of 80K shares at 24p suggests something is afoot.

The post-IPO selling of recent weeks seems to have been completed. Not a lot of loose stock available now so, even without news, a steady rise is probable based on the background and record of the Directors.

Likely to open at 23-25p on Monday ?

[kurdmam63] 08/11/2021 11:37

FF - Derrrrrr......GEO Quarries, ffs!!

Know your market, thicko.

[kurdmam63] 05/11/2021 10:30

Bet he's sniffing around GEO...

[onjohn] 20/10/2021 09:15

Is the geezer running this 85

He needs to put his teeth in when doing interviews

[charlescharlie] 06/10/2021 16:03

You are making no allowance for 'enterprise value' in effect the premium for backing the past record and likely future performance of the Board in finding acquisitions of merit. Perhaps you should take look at the Prospectus as you cannot have done so to date.

By the way you have knocked-off 2p per share for the 'expenses'. Again look at the Prospectus. Your figure allocates £1.4M as the IPO cost. Some commission !! In reality : £350 K (tops).

[abarclay] 06/10/2021 11:42

Fair value is cash only as it has nothing after expenses maybe 5p a share


So you’re payin 4x cash

[lightning rod] 02/10/2021 16:52

Worth watching Bay Capital. It is led by David Williams and Peter Tom - both with incredible records and mostly in the quarrying and aggregates sector.

My guess is they are lining-up some quarrying assets to create a new competitor or disruptor in the sector.

Market cap is a modest £13M. Modest because that includes £7M in cash !!!

Fair value at this stage ? 25-30p.

[furgus ferret] 02/10/2021 10:58

Great potential here and in a sector that is solid and profitable as well as reliable - especially with the building and property sectors booming. Bound to be an aggregates or quarry deal in the background but may take time to mature.

Low risk with the pedigree of the Board and their track record.

Time to get in before the herd arrives.

[furgus ferret] 02/10/2021 10:55

Time for a new thread as BAY is not longer British Airways or Bay Energy..

This is a completely new story and one that could be exciting. Anyone know Breedon Aggregates ? One of the UK's largest quarrying companies. The guys heading-up Bay Capital are the same as those who took Breedon to a 1Bn company - starting from pennies. They have not listed this Bay Capital shell for nothing and are unlikely to make 'widgets' or 'boiled sweets'.

£13M market cap and £7M in cash. Cheap as chips and a lot of potential.

[lightning rod] 01/10/2021 17:15

Worth watching Bay Capital. It is led by David Williams and Peter Tom - both with incredible records and mostly in the quarrying and aggregates sector.

My guess is they are lining-up some quarrying assets to create a new competitor or disruptor in the sector.

Market cap is a modest £13M. Modest because that includes £7M in cash !!!

Fair value at this stage ? 25-30p.

[g2theary] 30/9/2021 07:41

It's the old British airways ticker I'm sure of it. I used to trade British airways so it naturally is added back to my watch list ... poss a high risk company ... I like to punt but I'd say be very careful here... maybe more comments will arise :)

[bluehooperman] 30/9/2021 07:20

I've never heard of them before :-))

[g2theary] 30/9/2021 07:05

I thought that... it's because we must be gamblers ?

[bluehooperman] 30/9/2021 06:40

Why is this on my monitor??

[hello dolly] 03/11/2011 12:35

Looks like Iran is going to be attacked.

Time to short BAY?

Any thoughts?

[iggi] 17/7/2011 20:20

Hi fiat lux

I just noticed the Bayfield Energy thread on iii has the ticker as BEH

Either way tomorrow will be interesting

[fiat lux] 12/7/2011 08:18

Float date: 18/07/2011

Mkt cap: £128m

A steal at these prices

12K bopd by end 2012

upside is huge

[fiat lux] 12/7/2011 08:17

Petrotrin enters into E&P Contract with Bayfield Energy (Galeota) Limited to explore Galeota Block


Petrotrin has signed a US$100m exploration and production licence with Bayfield Energy (Galeota) Ltd for exploration of the Galeota block and revitalization of the Trintes oil field.
The Joint Venture Agreement was signed at the Hyatt Regency Hotel in Port of Spain on Tuesday April 21. Minister of Energy and Energy Industries Conrad Enill signed on behalf of the Government of Trinidad and Tobago, Petrotrin's Executive Chairman Malcolm Jones signed on behalf of Petrotrin and Chief Operating Officer Simon Gill signed on behalf of Bayfield Energy (Galeota) Ltd.

In an address at the signing, Mr. Jones stated that Bayfield Energy would pay all of Petrotrin's capital investment and operating expenses to cover the minimum work obligations for the first 4 years.

As part of its committed work programme, Bayfield Energy will acquire new 3D seismic and drill new exploration wells to fully explore the 12,000 ha licence area as well as to restore the Trintes production platforms and existing wells. Bayfield Energy has also committed to a signature bonus and a training/ scholarship programme.

The Trintes oil field, which was discovered in the 1960s, has produced 22 million bbl of oil to date. Recent seismic surveys have revealed the real possibility of another Trintes look-alike field in the southwest quadrant of the block.

The Galeota block lies 6 nautical miles east of Galeota Point in Southeastern Trinidad. Bayfield will hold a 65% working interest in the new licence and be the operator of the asset and Petrotrin will hold a 35% non-operating interest.

Bayfield plans to spend around $110 million on the project.

[fiat lux] 12/7/2011 08:17

Published: November 25, 2010
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Bayfield To Build Seven Wells At Galeota Block

Bayfield Energy is set to embark on a seven well exploration and appraisal drilling campaign on the Galeota License block, off Trinidad's south east coast. The company is currently going through the environmental permitting stage for the planned 200 day drilling campaign. They are targeting seven wells at horizons ranging from 6,500 - 12,000 feet, drilling in shallow water depths from 20 - 35 meters.

Bayfield Energy is a UK headquartered independent with a focus on Trinidad & Tobago. They are currently operator of the Trintes field in the Galeota block. At the February 2010 Trinidad & Tobago Energy Conference, Mr Dino Giannatos, Bayfield's head of operations in Trinidad, outlined the company's plans to increase oil production from the Trintes field to 3,500 barrels per day (bpd) and their target of a total production of 15,000 bpd from the Galeota block by 2012.

[fiat lux] 12/7/2011 08:16

Bayfield Energy to list on Aim

Bayfield Energy, a small Caribbean oil explorer set up up by the founders of the £1.7bn Burren Energy, is planning to list on London's junior Aim market.

The company, which has key assets in Trinidad and Tobago, wants to float by early July, joining in the rash of oil and gas listings this year.

Bayfield Energy is not yet saying how much it wants to raise from the float.

The company is not yet saying how much it wants to raise, but disclosed that management and directors have put $47.5m (£29m) into the business so far. It aims to have production of 8,000 barrels of oil per day by 2013.

Bayfield's predecessor, Burren Energy, floated on the London Stock Exchange with a market capitalisation of £175m in 2003 and five years later it was sold to Italian energy giant Eni for £1.7bn.

Hywel John, chief executive of Bayfield Energy, said: "We are offering investors the opportunity to share in significant potential upside as we rapidly cycle the funds we raise in the initial public offering process through the business.

"Our contracting of a jack-up rig presents a defined work programme for our Trinidad and Tobago assets with the potential to deliver substantial increases in shareholder value within a two-year time frame."