ADVFN Logo ADVFN

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

Trending Now

Toplists

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

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

BCE Beacon Energy Plc

0.0065
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Beacon Energy Plc LSE:BCE London Ordinary Share IM00BKSCP798 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0065 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec USD USD -1.05M USD -0.0001 -1.00 1.2M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.0065 GBX

Beacon Energy (BCE) Latest News

Beacon Energy (BCE) Discussions and Chat

Beacon Energy Forums and Chat

Date Time Title Posts
27/8/202408:32Beacon Energy - The New Beginning & Positive Outlook1,533
27/8/202407:21BEACON ENERGY THE MONSTER786
17/1/202415:17A strong Buy @ 0.13p670

Add a New Thread

Beacon Energy (BCE) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Beacon Energy (BCE) Top Chat Posts

Top Posts
Posted at 19/9/2024 09:20 by Beacon Energy Daily Update
Beacon Energy Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker BCE. The last closing price for Beacon Energy was 0.01p.
Beacon Energy currently has 18,510,000,000 shares in issue. The market capitalisation of Beacon Energy is £1,851,000.
Beacon Energy has a price to earnings ratio (PE ratio) of -1.00.
This morning BCE shares opened at -
Posted at 29/6/2024 11:32 by pwhite73
sk2 - "but you don't even understand the basics and you pooh pooh fair and rational assessments made be people who do at least understand the basics."

You still don't get it. Whether none, one or a million barrels of oil is extracted not a single drop will be coming the way of retail investors, punters or mugpunters. The punt is not on the basics or the fundamentals. The punt is on the direction of the share price.

If the creditors agree a deferral, the results are published as a going concern the share price can rise exponentially on sentiment. That is what the punt is on.

Here endeth your lesson for the day. Now you go and enjoy the sunshine.
Posted at 29/6/2024 07:14 by pwhite73
HMS687 - "Anyways, the point I were trying to ram home to SeeetK is to NOT get carried away by emotion"

sweet karolina is not getting carried away by emotion. He simply doesn't understand the difference between an investment and a punt. You would invest in BCE only if the company met the critieria he clearly explained and understands.

You would take a punt on BCE because the share price has dropped 70% and there is a slim chance the company will come to an agreement with its creditors, sign off the accounts in August as a going concern and stablelise the oil flow between 50 - 100 bopd.
Posted at 28/6/2024 10:53 by transact2018
Tennyson Broker Note Beacon Energy (BCE LN) announced another update this morning while the SCHB-2 well continues to clean up. The company has reiterated its expectation that the well will stabilise at a rate in the region of 50-100 bopd, which, including a small amount of production from elsewhere in its portfolio, is expected to generate around €2.3-3.7m of sales per annum (at US$85/bbl Brent). With cost cutting initiatives underway, cash operating costs are expected to fall to the region of €1.3m within the next 3-6 months (down from €2.5m currently), which will mean that the company should have a platform to grow from. There are creditors to pay, including current deferred drilling expenses which we estimate total in the low single digit millions. Beacon has engaged with 90% of these, in order to establish a deferred payment plan which will fit with the production profile of SCHB-2. Once agreements are in place, the company should be able to sign off on its accounts, which were due by this coming Monday. The shares therefore will be suspended on 1 July (Monday morning), with the expectation that the accounts will be published, and the suspension lifted, during the first half of August. Ultimately, while the results from SCHB-2 are clearly very disappointing, we believe that there is enough for the company to build from. Understandably, the share price action has reflected the uncertainties around the company's ability to survive, however we now see a clear plan to keep a grip on what still could be a valuable asse
Posted at 24/6/2024 10:34 by sweet karolina2
PWhite,

The oil may well be there, but the question is can it be extracted economically. On the performance so far the answer is a resounding no. The original well did not produce much, declined quickly and left massive debts - "The Company will also look to commence discussions with the creditors of Rhein Petroleum." We are not told what security they have over the assets only that there are no parent company guarantees. Could Rhein's creditors take the field and the plant?

The 100-50 BOPD being guessed at will not sustain the company and there are significant BCE bills outstanding. With the share price crash there is no chance of getting funding in place before suspension and suspension will make it very difficult to secure any funding. When the annual report does come out, it would be very surprising if the auditors sign off on the company being a going concern - it has no realistic way of paying its bills when due.

Why is 0.006p "worth a punt"? by far and away the most likely outcome is 0p and if by some miracle they can achieve funding to both survive and to drill again, the only guarantee would be of massive dilution. Remember when a share goes to 0p you lose 100% regardless of what price you bought in at.
Posted at 29/2/2024 14:20 by apotheki
Absolutely spot on Paul, time and time again this happens to the unwary investor and it's scandalous how easy it is to get away with it. Some of the financial press are complicit in this - on a regular basis. Perhaps they are plain lazy and don't do any research before they write a glowing article for a company promote - or perhaps they are just interested in any old story and just haven't got a conscience. Perhaps they don't have any financial experience at all and are just as unwary as some PIs. My tactic now is that if there is a sudden concerted effort by a co. to ramp its share price and its balance sheet is low on cash then if I'm holding the share I sell into the price spike - more often than not there's a fund raise coming soon.

Fundraises Generally

A pattern seems to be emerging, where speculative companies run out of cash, then they pump the share price with upbeat-sounding RNSs. Shortly afterwards they announce a discounted placing into any subsequent share price rise. Private investors speculating on these shares, buying the price rises, seem to be lambs to the slaughter.

It doesn't seem right to me that shares are still trading, when the company is secretly offering discounted shares to larger investors in placings. It's often obvious from the share price that news has leaked. We really do need the rules changed (and/or enforced), so that shares are suspended when any company decides to do a fundraise. Also we need quicker, cheaper mechanisms for companies to raise cash.

In the meantime, there's a simple way to avoid being clobbered by a discounted placing - don't buy or hold any share where the company doesn't have a cash runway of well over 12 months. Ideally investments should be companies which are profitable and cash generative, hence won't ever need to raise more cash just to keep the lights on.

Jam tomorrow/ blue sky shares are a graveyard for optimistic investors, avoiding these things has been the biggest boost for my personal portfolio returns. That said, the odd one multibags, which is what excites people.
Posted at 13/11/2023 08:03 by steephill cove
BCE reserves nearly DOUBLED from 3.8 to 7.2M Barrels of Oil.

The high estimate nearly TRIPLES it to 10M Barrels of Oil.

Well done BCE Management Team 👏

BCE share price 📈⬆5039;🆙✅;💪
Posted at 13/11/2023 07:26 by steephill cove
BCE reserves nearly DOUBLED from 3.8 to 7.2M Barrels of Oil.

The high estimate nearly TRIPLES it to 10M Barrels of Oil.

Well done BCE Management Team 👏

BCE share price 📈⬆5039;🆙✅;👍
Posted at 13/11/2023 07:18 by steephill cove
BCE Flow rates likely to exceed 900 BOPD with ESP

BCE share price 📈⬆5039;🆙✅;👍
Posted at 13/11/2023 07:15 by steephill cove
BCE Reserves Upgrade

Erfelden field has increased from 3.8 mmbbls (pre-drill) to 7.2 mmbbls (post drill).

With a high estimate of 10 mmbbls.

BCE share price 📈⬆5039;🆙✅;💪
Posted at 23/10/2023 10:37 by monet
pacman9 answer me these simple questions.

A, you have a cake company with a million shares at £1 = market cap a £1 million. you own 100,000 shares 10% worth £100,000. Now that cake company issues another 1 million shares. So now the cake company has 2 million shares in it but your share of the cake company has gone down to 5% but you still have got the same amount of shares 100,000. is that dilution?

B, The share price is still £1 market cap 2 million, your 100,000 still worth £100,000 is that dilution?

C, The share price is 50p market cap 1 million, your 100,000 is worth £50,000 is that dilution?

D,The share price is now £2 market cap £4 million, your 100,000 is worth £200,000 is that dilution?

No matter how you slice it if more shares are being issued it's dilution.
Beacon Energy share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock