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CAB Cabot Energy Plc

1.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Cabot Energy Investors - CAB

Cabot Energy Investors - CAB

Share Name Share Symbol Market Stock Type
Cabot Energy Plc CAB London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
1.50
more quote information »

Top Investor Posts

Top Posts
Posted at 14/11/2019 11:53 by imperial3
For the private investor,this has been a complete and utter disaster.
Posted at 29/10/2019 09:11 by kinwah
The choice now for investors is to sell or stay in for a long-term ride. I always reckon on having to hold for at least 10 years after a delisting. There will be matched dealings of sorts on Asset Match but that is not easy even for experienced investors. I've had a couple of delisted stocks come good this year after around 10 years of holding patiently but there must be better oil shares to hold than CAB.
Posted at 02/9/2019 19:46 by investoroilandgas
I'm a Private Investor who incorrectly assumed that last December was an excellent time to buy in to Cabot Energy. There were times during the last nine months when I thought that I would have to write off my investment, today's RNS gives me hope that the Cabot will increase oil production following the Summer & Winter work programmes.

I was pleased to read that there no equity kickers in the Term Sheet, I have no knowledge of the previous management but it looks to me as though the new management team have delivered on what they said they would do. I plan to participate in October's Open Offer, average down and then hopefully sell out in the next 6 - 12 months.
Posted at 02/9/2019 18:13 by wanderingmariner
Most likely the only deal on the table. I do have to wonder who you are Investor, constantly referring in full name terms to a singular individual at a Company. Regardless of the loan facility it doesnt hide the fact that it will barely cover salaries and keeping drill costs below C$500k per well will be a challenge. Would be cheaper to buy a rig and run it themselves.
Posted at 24/8/2019 11:46 by adrianuk
Are there any real investors here or just de-rampers?
Posted at 16/8/2019 20:17 by fatslag69
Investor they will charge you for it to be emailed.
But you are entitled to goto the registered office to view it for free.
Posted at 16/8/2019 19:23 by fatslag69
Yes investor it’s 10% for market makers.
Ask the company. You can also put in a request to view the shareholder register.
Posted at 16/8/2019 18:50 by investoroilandgas
I have just found the following:-

In accordance with the London Stock Exchange (LSE) rules, Panel of Takeover
and Mergers board (PTM) rules, an investor who acquires, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% of a UK Company, must, under the Companies Act 1985 Section 198, disclose their interests to the London Stock Exchange and the company, within two days. The company may impose sanctions if disclosure not completed.

There we have it, whoever bought Garraway's 9.07% shareholding needs to disclose it to the London Stock Exchange. I have emailed Cabot Energy today regarding this matter, other Cabot shareholders may wish to do the same.
Posted at 16/8/2019 10:30 by kinwah
Nutty you're welcome! Whitewashes have been around for a long time but they are not that common and many newish investors won't know about them. They are very simple. The Takeover Panel basically says that someone going over 30% doesn't have to make an offer to all shareholders provided the other shareholders vote in favour of a whitewash resolution at a general meeting. You normally encounter them where a company is in some form of financial distress but one shareholder is willing to support it but will end up with more than 30%.
Posted at 11/7/2019 20:58 by nutty1
I am in agreement with you in that I wouldn't like to see CAB delisted, but I think it will happen. At the AGM in response to a question about delisting, the chairman said that the situation is being reviewed and that no formal decision has been taken. (One wonders if informal decisions have been made though).

It appears that there will be a money-raise sometime later in the year and your comment about H2P investing alongside other investors is consistent with what I interpreted the chairman saying at the AGM that existing shareholders will be able to participate on the same terms as the major shareholders (presumably to help pay off the Canadian creditors, the identity of whom no one seems to know).

If shareholders don't take up their entitlement, then it seems to me that's more of the pie for H2P to hoover up. With H2P already at nearly 62%, I wonder why they would want the expense and aggravation of an AIM listing.

I think we have seen the last AGM of Cabot. I think it is greater than 50/50 now, that this time next year, CAB will have been delisted. Small shareholders will be forced out and won't see the benefits of any restructuring.

On the CAB website, there have been no investor or analyst presentations or AGM presentations of any kind since May 2018. I think that speaks volumes about where this company is going.

Anyway, as you always say Mr/Ms Investor... GLA!

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