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BLOE Block Energy Plc

0.70
-0.025 (-3.45%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Block Energy Plc LSE:BLOE London Ordinary Share GB00BF3TBT48 ORD SHS GBP0.0025
  Price Change % Change Share Price Shares Traded Last Trade
  -0.025 -3.45% 0.70 858,711 12:29:26
Bid Price Offer Price High Price Low Price Open Price
0.65 0.75 0.725 0.70 0.725
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Minrls,earths-ground,treated 8.37M -2.21M -0.0031 -2.26 5.25M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:38:31 O 397,000 0.665 GBX

Block Energy (BLOE) Latest News

Block Energy (BLOE) Discussions and Chat

Block Energy Forums and Chat

Date Time Title Posts
13/12/202412:14Block Energy - Oil&Gas in Rep. of Georgia14,474
07/8/202418:35SAVVY INVESTORS WILL BE SMASHING INTO BLOCK ENERGY THIS MORNING..TRUST ME112
29/12/202112:15Realising Georgia's Energy Potential100
24/9/201910:02Georgia oilfields. 2

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Block Energy (BLOE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:38:320.67397,0002,640.05O
12:29:020.70100,000700.00O
11:59:130.751,33310.00O
11:57:460.7036,000252.00O
11:22:230.7440,623300.00O

Block Energy (BLOE) Top Chat Posts

Top Posts
Posted at 13/12/2024 08:20 by Block Energy Daily Update
Block Energy Plc is listed in the Minrls,earths-ground,treated sector of the London Stock Exchange with ticker BLOE. The last closing price for Block Energy was 0.73p.
Block Energy currently has 724,675,812 shares in issue. The market capitalisation of Block Energy is £5,072,731.
Block Energy has a price to earnings ratio (PE ratio) of -2.26.
This morning BLOE shares opened at 0.73p
Posted at 09/12/2024 13:12 by sarah68
i see the stupid brigade are out on lse....how anyone can compare a company with a mcap of $65B to bloe is beyond STUPID....

they really are in dreamland....the wake up call will be the delist RNS...

now is the time LOL
Posted at 05/11/2024 15:44 by batiatus
Remember this share was at 6pence from 5 years ago?

The scammer AJames was convincing people to load up on the shares and then disappeared after?

Well, if people had listened to Mike then they wouldn't have gotten into the position they are in now.

What is the share price now? 0.077p
Posted at 01/11/2024 16:48 by dodge_city
Three scenarios


Farm Out successful - 3p share price

No Farm Out but positive CCS update - 1.5 to 2p share price

No positive news - 0.5p share price
Posted at 01/11/2024 14:42 by faraweigh2
Blue finish in to the close for Bloe?Bashers will be buying too, ahead of anticipated news.Bash then Buy lol!
Posted at 22/10/2024 12:28 by dodge_city
This company is currently way over valued, 0.5p is a more realistic share price at the moment and even that is generous.
Posted at 13/9/2024 18:46 by sarah68
This is a great time and great price to buy in.

ummmm i think you will find that that has been said over and over again for the last couple of years......

please explain why there could be an update on a farm out withing a couple of weeks especially when apparently everyone is on holiday....??

can you tell us what PH has achieved in the past 6 years....ill help you....absolutely nothing....apart from decimating the share price by 90% whist no return to investors and taking a huge pay cheque....interest payments and bonus....

seriously you lot live in dreamland....he is a useless ceo and thats proved by his track record....

no red flags ?????

finally where is the quantum leap?.....LOOOOOOOOOOOOOOOL

all the best....DELIST will be presented
Posted at 12/9/2024 10:43 by dodge_city
No trades today and yet the share price is down, clearly the market is rerating downwards as this company is way over valued.
Posted at 18/7/2024 08:13 by sarah68
dodge he aint stupid....all he has done for the last few years is suck the company dry with his huge remuneration....taking 16% on the loan....awarding himself a bonus (WTF!!) all whilst delivering ZERO thats ZERO...return to the investors....he knows better than to waste money buying shares in this two bob pile of poo poo....

i revert you to the share price ....what a sterling job he has done decimating the share price by 90% over the last few years....

AVOID this share at all costs!!!!!

delist inbound within 12 months....i would suggest alot sooner

all the best
Posted at 01/7/2024 11:03 by herecomesthesun
CRIKEY

has it really been 6 years ?




RNS 11th June 2018

"In tandem with the Admission, Block Energy has raised £5 million via an oversubscribed placing and subscription of 125 million new ordinary shares at a placing price of 4p each implying a market capitalisation of circa £10.3 million"


258,547,601 admission shares back then at 4p


724,675,812 shares now at 1p implying a market cap of circa £7.25 million


'quantum leap' Andy LOL


6 years proving up pretty much nothing more than you had back then and ultimately delivering a 75% decline in the share price is a wonderful lifestyle if you can get it


Hayward is undoubtably a master of spin


bwahahahahahahaha :)
Posted at 31/5/2024 19:16 by jaknife
andyalbi71,

"Are they actually operating at a loss "

Yes.

It's not difficult to see really because companies do this thing where they publish annual accounts and, within those annual accounts, they show this thing called a "profit & loss account". It just so happens that BLOE published their annual accounts just eight days ago, you can read them here:



And if you read the accounts then you'll find the line:

"Total comprehensive loss for the year (attributable to the equity holders of the parent)"

which shows a loss of $2,139k

Now we could stop there but BLOE has a particular feature in its accounts that often needs explaining to newbie retail investors.

If you scroll down to the cash flow statement you will find two lines in the cash flow statement that are:

Expenditure in respect of Intangible assets (50)
Expenditure in respect of PP&E (3,040)

These represent expenses that many skanky companies capitalise rather than expense to their P&L. And of course that's exactly what BLOE have done!

A large portion of these costs relate to well stimulation. IFRS permits BLOE to treat well stimulation as a capital item rather than a P&L item even though BLOE has to stimulates its wells on a regular basis. If you read note 12 then you'll also see (look at the asterix) that BLOE capitalised $361k of interest expense ... because it can.

So overall BLOE's real P&L would have been materially larger *IF* if hadn't decided to fiddle its accounts like the skanky company that it is!

But the best test of whether a company is loss-making or not is to look at the cash because it's very hard to cheat the cash!

BLOE started the year with $450k of cash and no debt but it ended the year with $713k of cash and (drum roll please ....... )$2m of debt. Hence they burnt cash of $1,737k ($450k + $2,000k - $713k).

So the fudged accounts say that the loss last year was $2,139k whilst the actual cash loss last year was $1,737k.

Plain and obvious to most people but some need their hand holding!

JakNife
Block Energy share price data is direct from the London Stock Exchange

Block Energy Frequently Asked Questions (FAQ)

What is the current Block Energy share price?
The current share price of Block Energy is 0.7p.
How many Block Energy shares are in issue?
Block Energy has 724,675,812 shares in issue.
What is the market cap of Block Energy?
The market capitalisation of Block Energy is GBP 5.25 M.
What is the 1 year trading range for Block Energy share price?
Block Energy has traded in the range of 0.675p to 1.975p during the past year.
What is the PE ratio of Block Energy?
The price to earnings ratio of Block Energy is -2.26.
What is the cash to sales ratio of Block Energy?
The cash to sales ratio of Block Energy is 0.61.
What is the reporting currency for Block Energy?
Block Energy reports financial results in GBP.
What is the latest annual turnover for Block Energy?
The latest annual turnover of Block Energy is GBP 8.37M.
What is the latest annual profit for Block Energy?
The latest annual profit of Block Energy is GBP -2.21M.
What is the registered address of Block Energy?
The registered address for Block Energy is ECCLESTON YARDS, 25 ECCLESTON PLACE, LONDON, SW1W 9NF.
What is the Block Energy website address?
The website address for Block Energy is www.blockenergy.co.uk.
Which industry sector does Block Energy operate in?
Block Energy operates in the MINRLS,EARTHS-GROUND,TREATED sector.

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