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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.20 | 0.15 | 0.25 | 0.20 | 0.20 | 0.20 | 620,000 | 01:00:00 |
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 |
Date | Subject | Author | Discuss |
---|---|---|---|
12/5/2017 07:21 | Am i reading this right. The new CEO has been awarded 10 million options at zero cost? | kev0856153 | |
12/5/2017 07:19 | have they said anywhere what the conditions are? we are entitled to know, no? | stansmith3 | |
12/5/2017 07:13 | Not a bad update, looks like costs have come down significantly so cash will be protected. Etinde seems to be close and interesting that it seems they will proceed with Bomono. The latter will more than cover costs and if we get further on Etinde this year, we may be in for a big pay day. I like that the CEO seems to be basing most of his remuneration on stock while meeting certain conditions. Might actually see full value here as there will be no cash repayment until Etinde is producing IMO. | gark | |
11/5/2017 23:03 | I don't know, or really care. I am holding. | belo horizonte | |
11/5/2017 19:57 | Ok, so what do you put the price action down to? | gark | |
11/5/2017 19:38 | No, read the RNS. They WILL be allotted pursuant to the share scheme AND WHEN ISSUED will rank etc etc. That is normal. I don't have the details of the allotment but it would be quite normal to give employees the option to buy shares but they may vest (say) 20% every six months. Also the shares are usually priced at the trading price of the effective day of allotment (9 May) or (say) the average price over the previous 30 days. Since the price has been dropping over recent days, employees would actually lose money if they were the ones selling the recent allotment. Remember that the shares have to be bought by the employee at the option price. The profit is the difference between the option and eventual sale price. Fact is that they weren't and they can't. Old options granted in the last 3 years may be in the money. Bowleven announces that an application has been made for the block admission of 6,300,000 new ordinary shares of 10p each ("Ordinary Shares") in the Company to be admitted to trading on AIM. It is expected that admission will become effective on 9 May 2017. The new Ordinary Shares will be allotted and issued pursuant to the exercise of options under the Company's employee share scheme arrangements and when issued, will rank pari passu with the existing Ordinary Shares in the Company. | belo horizonte | |
11/5/2017 18:04 | They stated that they would be admitted as of 9 May and free to trade as at that time. | gark | |
11/5/2017 16:51 | There are no reporting requirement for employees who are not directors, or ex directors, regarding the disposal of shares. Nor are incentive shares used to settle the pay packages of ex directors, except for those earned by way of the plan during their tenure. The new LTIP shares recently announced are not free to trade. First they have to be awarded by way of the rules of the incentive scheme, and then there is a vesting period. They are not simple hand outs. | belo horizonte | |
11/5/2017 15:11 | Why would we be notified of a disposal by an ex-director? Where do you believe there is a requirement relating to this? | nicobellic | |
11/5/2017 10:17 | I think blaming the drop on ex-director LTIP settlements, is wrong. We would be notified of it in any case. | winnet | |
11/5/2017 08:59 | Could do with a balance sheet assessment to know the exact state of the accounts and estimates of future liabilities (appraisal cost etc) and company costs (though I expect them to be dramatically cut). | nick rubens | |
10/5/2017 22:18 | 6.3mn shares is roughly 50% of their LTIP awards so perhaps that is the settlement with the ex directors? | gark | |
10/5/2017 21:19 | Another 6.3mn shares were free to trade this week and I bet that was to do with the final settlement with the board that went. Imagine all of those came on the market in more or less one shot hence the price movement. With that out of the way and Bomono due to be closed in June, there must be some announcements due in the course of the next few weeks. Add to that all the articles stating that production might commence in H2 and you would think that this is the last flurry of activity before the whole debacle is concluded. I predict that by the end of May we will see an announcement by the new board and by July Bowleven will not exist as an independent entity. Only question is where the end price will be and I firmly believe it will be above 40p. Not sure 60p will be achieved so my guesstimate is 45-50p. Think that we will end the week back at 32-33p. | gark | |
10/5/2017 20:58 | I am sure many of the impatient PI base has been profit taking following the shenanigans over the last couple of months. They will have got bored and moved onto the next hot stock. Don't watch the hourly, daily share price. Patience and let value out... | haywards26 | |
10/5/2017 20:38 | Wshak. Just wanted to ask if you can see any sensible reason for the drop over the last week.. seems a lot of chunky buys going through, but being moved down at every opportunity. Would appreciate your thoughts. Thanks | 1msn | |
10/5/2017 19:05 | Allan finally slung his hook at the end of March with the new regime by now having six weeks to take an initial stock, so if COC are continuing to buy lumps of stock in the millions does that perhaps imply that a) the cash isn't too far short of $90m, b) SNH can be appeased and a non hostile relationship achieved and c) Bomono can be managed without severe detriment to the cash position? | warbaby43 | |
10/5/2017 14:03 | Coc keep quiet and sweep up all weak shares when they devalue, looks good to me..... my only concern is if they take 30% control and go private what happens? | ramayer | |
10/5/2017 13:42 | COC will be at 27%+ here soon and I think we will see an offer of 40p or so. Something is definitely happening behind the scenes. Typical of this market. Two 3mn + tickets trading. | gark | |
10/5/2017 12:58 | I think the market is saying what it thinks of COC and their clan. They continue to buy while the price drops. What doesn't that say about confidence in their plans? As i said at the time, their plans represent material value destruction for long term holders who could have benefited from the previous strategy. Now, there is but crumbs to collect from Biyas table. No sign they will return money to anyone but themselves. Wonder what these clowns are paying themselves? Just as much as the previous BOD, if not more i suspect. Nobody likes someone who says "i told you so", so i won't. GL all genuine LTHs. | winnet | |
10/5/2017 12:57 | Could be all the selling? | dealer1972 | |
10/5/2017 12:56 | This is not looking good, what is driving us lower? Is their bad news on the way? Given where we are now we should not be at this price level. | gark | |
10/5/2017 12:45 | Looking here and LSE, I think a lot of this dip is profit taking from people who were on board with the recent changes but are now getting cold feet. Not overly concerned. | simonsaid1 | |
10/5/2017 12:20 | no one is selling for 40p as they could hve sold at 38p.. Those holding till now will be waiting a far higher value. | benjimun |
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