Bowleven Share Discussion Threads

[hugepants] 21/12/2016 20:33

There are no words to describe this.

[alamaison] 21/12/2016 19:03

What an impressive close. Back above 1st resistance.

[gark] 21/12/2016 17:02

So they must think things will improve next year. They know something we don't know?

[wooster4] 21/12/2016 16:14

That is very rare for a rem co to act with such integrity.

[alamaison] 21/12/2016 15:07

KH WILL be removed from his job before next summer.
He's already lost credibility with the city and now the share holders.
It's a matter of months and, trust me on that, the pressure is building...

[donpatrol] 21/12/2016 15:07

Share price has held up better than expected. This could start heading north again if CO decide to up there stake

[leedskier] 21/12/2016 10:16

No one would suggest Tom Cross of Aim listed Parkmead (PMG) is other than an O&G entrepreneur with a proven track record, yet the share price of his current company is just 25% of its shareprice for the first three quarters of 2014.

Why is that?

It is not because the company is in debt, because it isn't.

It is not because the company is not producing, because it is.

From its November update ...

"- Well capitalised, with cash balances of US$37.9 million (GBP28.3 million) as at 30 June 2016

-- Parkmead remains debt free
-- Since January 2016, Parkmead has been cash flow positive on an operating basis
-- All revenues from Netherlands gas production received in Euros, mitigating recent currency fluctuations"


The reason must lie elsewhere. Could it just be that confidence in London Aim shares is on its knees?

[svenice7] 21/12/2016 07:02

Gas price doubles, Bowleven halves. Sort your sh*t out KH.

[roberto mancini] 21/12/2016 04:16

IMO it's fairly obvious the BoD are not acting in the best interests of the shareholders, they are in it for themselves b4 the money runs out, come on get a grip chaps,.. wasted $750M with nothing to show for their efforts.

About time they were shown the door b4 the money runs out.

[slipanchor3] 20/12/2016 22:26

The lower the share price the better the offer looks.

Hold tight COC are not in this business to lose their own money, or that of their beneficiaries.

[garking31] 20/12/2016 20:19

Back to 19p this share will go....no confidence in Hart and his BOD at all.....folks had only been buying on the back of the share buyback....now what?This Company is screaming out for fresh blood and direction...Hart has become a lazy fat comfortable cat....he has lost his hunger, he has made his money and Blvn is not his priority anymore.#gethartout

[gark] 20/12/2016 16:33

I wish I had sold so I didn't have to focus on the lack of management and business acumen this company demonstrates on a regular basis!

[tli8jaguar] 20/12/2016 15:59

Wow, that's too much.
Cash in bank £79.5 million
Bowleven 20% interest 0
Bomono 0

Breakup value of the company
79500000/327000000=24.31p

COC, it's all yours.

[donpatrol] 20/12/2016 15:47

I agree, CO will not be nice about gaining control of the co. Expect them to force the share price down down down. Whatever about weak holders at 25p when the share price hits < 20p then you will really start to see the weak PIs crumble and loose.
Fag pack calculations for the breakup value of the company, so don't mouth off too much, if you want a more detailed valuation why not contact CO lol!!


Cash in Bank £81 million
Bowleven 20% interest in Etinde Value: £20 million +
Weaver of $40 million (net) drilling and testing plus $25 million cash receivable on FID. Value: £20 million.
Value of Bomono £0.

Total £121 million

Current Mcap £121 million => 23.5p per share


Breakup value of the company
=> 121,000,000/320,000,000 = 38p per share

[bengal1] 20/12/2016 15:36

Easy Tiger....

[pjj71] 20/12/2016 14:07

As I have stated I will sell to the chinese at 38.88p... hopefully crown will make this happen

[pjj71] 20/12/2016 14:06

Hopefully Mr Wong will buy us out of this misery soon

[pjj71] 20/12/2016 14:05

And despite a significant rally in the oil price he has yest again managed to tank the share price to recent depths... that is pathetic

[pjj71] 20/12/2016 14:04

I think 99% of the population have more of a clue than KH... He has overseen significant destruction of shareholder wealth and has spent far too much of his time focusing on racehorses rather than building an oil company...