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BLVN Bowleven Plc

0.20
-0.02 (-9.09%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bowleven Plc LSE:BLVN London Ordinary Share GB00B04PYL99 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.02 -9.09% 0.20 0.15 0.25 0.224 0.187 0.20 10,001 08:00:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 0 -2.02M -0.0062 -0.32 654.93k
Bowleven Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker BLVN. The last closing price for Bowleven was 0.22p. Over the last year, Bowleven shares have traded in a share price range of 0.111p to 3.35p.

Bowleven currently has 327,465,652 shares in issue. The market capitalisation of Bowleven is £654,931 . Bowleven has a price to earnings ratio (PE ratio) of -0.32.

Bowleven Share Discussion Threads

Showing 92901 to 92925 of 92925 messages
Chat Pages: 3717  3716  3715  3714  3713  3712  3711  3710  3709  3708  3707  3706  Older
DateSubjectAuthorDiscuss
16/4/2024
09:13
Anyone,what's the next level after a farthing, It looks like the local government doesnt ever want to play with this tiddler company.
petebreeze37
12/4/2024
14:39
Brent is up 2.29%. I suspect if things get worse we will be looking at $100 + next week. US crude already up 2.72%. Pete Major shareholder holds over 58% of the equity so there is a bit of a spread.

FID will transform BLVN.

manual dexterity
12/4/2024
13:52
The spread on this is off putting.
petebreeze37
12/4/2024
13:24
Looking at the world view it is looking increasing dangerous and I expect oil to break $100 in the upcoming weeks if the climate changes dramatically.
manual dexterity
11/4/2024
09:15
UPL is Upland Resources. It was sitting on a similar share price we have to BLVN now around 0.15p and now comfortably sits above 4p.
manual dexterity
11/4/2024
09:05
Forgive my ignorance, what is UPL?
ham74
11/4/2024
08:59
Fid comes through then Etinde could be the 3rd operational gas field after after Kribi and Logbaba in Cameroon.

If that is the case it could follow UPL.

manual dexterity
04/4/2024
09:34
Softbank own 90% of ARM (120 billion market cap)
dealy
04/4/2024
08:43
58% held now by one entity.
manual dexterity
03/4/2024
13:23
any number of players could have injected equity over the last 2 years but nobody was interested. Crown have stepped up to the plate and they did it very fairly via an open offer, so all shareholders had the opportunity to step in under the same terms
dealy
03/4/2024
10:58
This came about by paying too much cash back to shareholders, no doubt at the behest of the major shareholder - COC. Now the cash that COC received can be used to take over the company. Coincidence?
iturama1
03/4/2024
09:48
The AIM Market is a Con Market

After years of investing on it have finally realised it

Companies just like doing Placing and Placing and hardly ever create shareholder value.

riskyinvestor
02/4/2024
13:52
Did anyone make the AGM? I missed it this time.

Resolutions passed at AGM:

Interestingly, about 19 million votes were made against all resolutions. That is about 6% of the shares. I wonder who that might have been? It looks close to the percentage held by Sand Grove before they started selling, which may be relevant for the March 12 cut off date determining voting rights.

ham74
27/3/2024
17:39
I would say it was positive to hear that all the partners want to move forward
dealy
27/3/2024
14:57
Any surprises in interim results?
ham74
26/3/2024
11:52
Whatever the case o think Blvn will be relatively tightly held. The option ran out today.
manual dexterity
26/3/2024
11:13
How do you work out that?
ham74
25/3/2024
18:18
then it will be based on percentage of votes cast
dealy
25/3/2024
16:59
Dealy, that theory may be true for big institutions or big stocks, but does not seem plausible for BowLeven. How do you explain the near zero level of votes at the 2023 AGM?
ham74
25/3/2024
16:40
most shares are in nominee accounts and the institutions like ISS usually vote along with what the board recommends
dealy
25/3/2024
13:41
In the absence of owt else appearing in the RNS, I'm assuming a simple majority of the votes cast.
warbaby43
25/3/2024
08:12
Who has voted? Who wants to but cannot work out how to? Who cannot be bothered?

I wonder if anyone has subscribed for the open offer, but not voted? That would be putting the horse before the cart, because the AGM votes are needed to go ahead with the open offer.

ham74
25/3/2024
07:56
Warbaby - what threshold is needed for these resolutions to pass? Is it a simple 50% , or a higher percentage? And is it all shareholders, or only those present at the AGM?

We only have 30% in the bag from Crown Ocean. Presuming the Dutch vote only gets us to 34%.

Sand Grove is interesting, I am not sure what their percentage was on the relevant date, and would they bother voting if they are reducing their holdings?

Private investors are definitely the wild card, especially as brokers differ on how they flag up the corporate actions.

ham74
23/3/2024
11:33
For those who haven't had chance to trawl the "Open Offer" section on the Investor Relations section of the BLVN site:


Nice work etc:



For 12 days per annum plus another £1,500 per day for owt on top of that, this from the Arnoff appointment letter:

"You shall be paid a fee of £100,000 per annum for acting as a Non-Executive Director and Chairman ofthe Board. These fees shall be paid in equal instalments monthly in arrears after deduction of any taxes and other amounts that are required by law.
4.2. In addition to the annual fee referred to in paragraph 4.1 above:
a) a one-off bonus payment of £100,000 shall be paid to you on the Company securing a Final Investment Decision in respect of its Etinde project; and

b) a one-off bonus payment of £100,000 shall be paid to you on a sale of the Company, provided that: (i) the price per share payable in respect of such sale is equal to or exceeds 19 pence; and
(ii) the sale price gives an implied valuation of US$50m for the Company’s Etinde project (and existing cash of US$10m plus Lukoil Final Investment Decision payment of US$25m)"

With regard to the 19p per share, as the contract is deemed to have commenced on 2nd November 2023 (see 1.1) that figure is plainly based on the old 335m shares in issue and not the new 1.897bn figure.

For comparison, looking back to 2019, Arnoff's predecessor, McDonald, was paid $58,000 ie c £46,000.

As for everyone's favourite CEO:

warbaby43
22/3/2024
16:21
Pretty sure that Kundar (newly announced holder with over 5%) will maintain his stake. A few die hards are also likely to take up their rights. So getting above 80% looks impossible
dealy
Chat Pages: 3717  3716  3715  3714  3713  3712  3711  3710  3709  3708  3707  3706  Older

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