Bowleven Share Discussion Threads

[johnmcd51] 16/9/2016 10:52

Send your comments to NHS and keep this for BLVN please

[ifthecapfits] 16/9/2016 10:18

or (controversially) privatise (at least in part) and/or dispense with 'cosmetic' operations.

[leedskier] 16/9/2016 10:00

The thing about the NHS, is that the more money that is poured into it, the more it needs to service additional capital expenditure.

An example:

Hospital X receives an additional 100 million, which it spends on CAPEX reopening shuttered wards and operatig theatres, or worse still, builds new wards/theatres.

It then needs an additional 20 million a year to staff and service those reopened units.

Then add in extra spending for health care inflation arising from new treatments to cure diseases.

There is simply no way that costs can be controlled so long as it is free at point of delivery, other than by imposing ruthless budgetary controls. When that happens, the public are told by the press that hospitals are failing and are in chaos. It is a no win situation for governments.

In point of fact the UK's spend is lower than France's. But they pay higher taxes. It is a simple choice. pay more in taxes or accept an imperfect service.

[lr2] 16/9/2016 09:12

I thought that was UKIP. Weren't the majority of Conservatives remainiacs?

[warbaby43] 16/9/2016 07:48

Bearing in mind the move centre stage of FLNG and the proximity of Eq Guinea, this from Ophir's Results might be of interest, not least the bit on costings:

"The Fortuna FLNG project in Equatorial Guinea is a prime example of this approach. We have made significant progress in maturing the project and value chain to the point where it is technically ready to FID. The upstream portion of the value chain is technically ready to FID and the downstream, offtake portion is ready for a final Group decision between the competing offtake offers.

We have shortlisted four high quality, high credit-rated gas off-takers, all of whom are significant players in the LNG market. Our innovative approach to the upstream FEED (Front End Engineering and Design) has resulted in two world class consortia bidding for the Upstream EPCIC (Engineer, Procure, Construct, Install & Commission) contract. As a result we have reduced estimated upstream costs from ca. $1 billion at the end of 2014 to ca. $450 million today. On a point forward basis, these represent an upstream development cost of ca. $1.70/boe.

Regarding the midstream portion of the value chain, Ophir and Golar LNG continue to explore ways to work together to monetise the discovered resource in the Fortuna field. Discussions are progressing well and both parties are working towards an FID decision being made before the end of 2016.

The value chain, and our understanding of costs along this value chain, are sufficiently mature that we estimate that Fortuna is the lowest cost greenfield LNG project in the market today. As such the Fortuna Project continues to offer compelling returns despite the low commodity price environment."

[grahambr] 15/9/2016 19:40

Shareholder value is a priority to the entire Board/team and as we have recently announced we believe that our share buyback programme is in shareholders’ interests, being accretive to net asset value per share.

[bengal1] 15/9/2016 19:31

The shares have not been cancelled...they still exist and are held in Treasury...why should the share price go up??

[grahambr] 15/9/2016 18:02

Still hard to get your head round the fact that the number of BOW shares is reducing and the share price stays the same.
Theoretically we could be left with one share worth 25P and a company worth £85 million -)

[slipanchor3] 15/9/2016 16:36

Email K.H.for your money back he might give you 12 of his.

[tli8jaguar] 15/9/2016 15:12

Double Touch just cost me 12 BLVN shares.

[petebo] 15/9/2016 13:34

and the horse was as lethargic as Bowleven!

[petebo] 15/9/2016 13:31

and Hart at the track. Tough job but someone has to do it!!

[slipanchor3] 15/9/2016 11:50

I see our leader (K.H.)has got one of his many horses running today,Double Touch in the 1.30 at Ayr.

[leedskier] 14/9/2016 16:46

From the posts here today it seems to have been discussed here by others.

[cyan] 14/9/2016 16:44

I take it you are referring to XEL leedskier

[leedskier] 14/9/2016 16:38

Cole should resign.It was reckless to raise £100 million by issuing secured bonds in 2014, when the company had no income and no assurance of a partner.Given the market cap at the time, the company could have issued shares to raise money and avoided the expense of 7.5% coupon payments, which seem to have been paid from the £100 million.If Statoil was going cool on a partnership in 2015, without the bonds to worry about, the company could have mothballed until the price of oil recovers, assuming it does.Once it was clear in Q1/2016, that the company had neither partners nor the cash to redeem the bonds, the company should have put itself up for sale, inviting tenders if necessary.Instead of which the company has done absolutely nothing to mitigate it's position.

[lr2] 14/9/2016 16:38

60 days I believe.

[bena1] 14/9/2016 16:33

From the AIM rules;
close period (i) The period of two months preceding the publication
of an AIM company’s annual results (or, if shorter,
the period from its financial year end to the time of
publication);

So no more buy backs until mid November?

[fireplace22] 14/9/2016 16:21

results due 8th Nov. So anyone know what the close period is prior to results?

[pavey ark] 14/9/2016 15:53

Dear Mr

Thank you for your enquiry.

As per the share buy-back launch announcement made by the Bowleven on 19 August 2016, the Company retains discretion with regard to trading activity/parameters under the programme. As such under the programme there will be no trading during close periods. It is also worth noting that the programme has been set up in accordance with existing shareholder authorities and as such is in place on an ongoing basis, there being no end date set for the programme.

Kindest regards

Bowleven IR

Just got this reply from the company.
It looks like the share buy back is on hold until the results are out.

[donpatrol] 14/9/2016 15:52

Down again today, and were supposed to be getting another $15 million tomorrow.
Doesn't bode well, there must be some real bad news coming here.
Share buyback my ass, its a cover up for poor performance.

[cyan] 14/9/2016 15:32

Looks like practically zero shorting of BLVN;