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BLOE Block Energy Plc

0.85
0.025 (3.03%)
Last Updated: 13:12:12
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 3.03% 0.85 724,296 13:12:12
Bid Price Offer Price High Price Low Price Open Price
0.80 0.90 0.85 0.825 0.825
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Minrls,earths-ground,treated 8.37M -2.21M -0.0031 -2.65 5.98M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:35:37 O 555 0.90 GBX

Block Energy (BLOE) Latest News

Block Energy (BLOE) Discussions and Chat

Block Energy Forums and Chat

Date Time Title Posts
08/10/202416:37Block Energy - Oil&Gas in Rep. of Georgia14,383
07/8/202419:35SAVVY INVESTORS WILL BE SMASHING INTO BLOCK ENERGY THIS MORNING..TRUST ME112
29/12/202112:15Realising Georgia's Energy Potential100
24/9/201911:02Georgia oilfields. 2

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Block Energy (BLOE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:35:380.905555.00O
12:12:380.84118,998996.01O
10:01:210.81574,9824,663.10O
07:08:040.8429,761249.98O
2024-10-08 14:06:390.804,98539.88O

Block Energy (BLOE) Top Chat Posts

Top Posts
Posted at 09/10/2024 09:20 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 0.83p.
Block Energy currently has 724,675,812 shares in issue. The market capitalisation of Block Energy is £5,942,342.
Block Energy has a price to earnings ratio (PE ratio) of -2.65.
This morning BLOE shares opened at 0.83p
Posted at 13/9/2024 19:46 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 11:43 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 24/7/2024 18:59 by faraweigh2
No.12 on the leaderboard today.12 percent Bounce, not 10 percent.Resulting in hundreds of thousands of pounds added to the Market Cap.The Bounce that a certain basher only yesterday said wouldn't happen.Onwards in earnest with accumulation at this giveaway low share price.Thank you ; )
Posted at 22/7/2024 17:58 by jaknife
Faraweigh2,

"Pivotal year and the Company believes news of its initiatives and operating developments no longer conform to a quarterly news cycle and therefore risk compromising strategic and commercial discussions with potential farm-in candidates.


All taken as fact from recent Ragulatory Newsflow."


You are confusing "facts" with "management spin".

BLOE's management are a bunch of shameless spivvy promoters, they routinely put out spin to sucker in naïve retail punters. Hence you read:

"2023 stands out as a pivotal year for our Company."

Whereas professional investors looks at the accounts and see:

* In 2023 the Company made a post-tax loss of $2,213k, a 37.6% worse loss than 2022's post-tax loss of $1,608k

* Cash burn in 2023 was $1,737k, the Company ended the year with net debt of $1,287k when it had net cash of $450k a year earlier

* The 2023 accounts are caveated as to going concern because the $2.0m secured loan is due for full redemption in August 2024 and there are scenarios in which the Company may not be in a position to settle this liability on time.


Your job as an investor is to look at the accounts and see if the words that management BS to you match with the words and numbers that they are legally obliged to publish in the accounts. In BLOE's case management have won awards for pulling the wool over the eyes of its investor base. There are some deluded investors who actually think that BLOE made a profit in 2023! Can you believe that?

JakNife
Posted at 22/7/2024 13:46 by batiatus
If bashers had that power to influence the share price, then equally, the rampers would also ramp it up to no limit.

So where is the logic that the drop is because of the bashers?
Posted at 18/7/2024 09:13 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 12/7/2024 12:13 by andyalbi71
The irony is ... all the ones making the big noise don't have a single share in here ... have been kicked off repeatedly and had to create new accounts so they can continue their inane bile in the hope they can drive the share price down for their paymasters. What a soulless empty life they must lead , they are the true con artists
Posted at 01/7/2024 12:03 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 20:16 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
Posted at 14/5/2024 11:59 by jaknife
skif,

"Forthcoming financials should report profitability and maybe an update re farm out."

What on earth makes you think that BLOE is going to "report profitability"?

1. BLOE has reported a loss *EVERY* year that it's been listed (since June 2018).
2. BLOE reported losses for H1 (six months to 30 June 2023).
see:
3. They've reported nothing to think that this will have changed in H2.

BLOE is a perpetual loss-maker that only survives because it keeps finding mugs who are willing to take part in its regular placings. I wouldn't be surprised to see them place yet again.

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

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