Share Name Share Symbol Market Type Share ISIN Share Description
Cabot Energy Plc LSE:CAB London Ordinary Share GB00BGR7LD51 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 9.00 11,898 08:00:03
Bid Price Offer Price High Price Low Price Open Price
8.50 9.50 9.00 9.00 9.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 10.97 -5.60 -0.81 3
Last Trade Time Trade Type Trade Size Trade Price Currency
13:37:15 O 1,043 8.80 GBX

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Date Time Title Posts
13/7/201911:34Did anyone call for a CAB? ... No , I didn't think so.265
14/12/201708:51Buy Carbo at 9.5p*93
08/11/200520:34CARBO BREAKOUT1,803
26/1/200517:16carbo - boom191
02/12/200319:48Cater Barnard USA (CAB) - Serious Action imminent??1

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Cabot Energy (CAB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-07-19 12:37:178.801,04391.78O
2019-07-19 11:39:318.8010,841954.01O
2019-07-19 11:17:288.80141.23O
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Cabot Energy (CAB) Top Chat Posts

Cabot Energy Daily Update: Cabot Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CAB. The last closing price for Cabot Energy was 9p.
Cabot Energy Plc has a 4 week average price of 8.85p and a 12 week average price of 8.85p.
The 1 year high share price is 290p while the 1 year low share price is currently 8p.
There are currently 37,715,056 shares in issue and the average daily traded volume is 23,312 shares. The market capitalisation of Cabot Energy Plc is £3,394,355.04.
investoroilandgas: There is a positive to the five largest shareholders owning 88.11% of CAB shares as there are a very limited amount(c.11%)of shares held by PI's. If Scott Aitken was to secure a debt agreement on favourable terms and there was no need to raise extra equity, this would transform Cabot's share price. GLA
investoroilandgas: Share price creeping up on very few trades. Mr Krafft (see recent RNS) bought 5.30% of the company via the subscription....interesting.
investoroilandgas: Monday 4 March 2019 estimated share price range - 15p to 31p. 31p would put this company back to a Mcap of GBP 9.929 million, that was the Mcap prior to the RNS announcing the capital raising. Canadian assets in September 2018 were independently valued at GBP US$48.3 million or c. GBP 36.70 million equivalent to 114.92 pence per share.
buggy: wanderingmariner, Never liked the old lot. Initially gave them the benefit of doubt but clearly they were out of their depth. Raised over $16M last year and only $6.5M left in thge kitty. Guidance was 1500-2000boe this year and yet they only delivered 750boe. their last drilling campaign was a waste of money which bring into question their analysis before drilling. None of the key management including the CEO actually spent any money buying shares , so as long as they are getting their salaries they are more than happy. With the new management mainly from H2P, at least they payed money for their shares and invested heavily at 5p per share in the last fund raising. Not hard to see why they were not too pleased with the performance. At least their interest is aligned to PI, in-spite of what Malcy is saying because he lost one of his cronies. If the share price collapses H2P will feel it same as me, whereas the previous management has no incentive to perform as long as the company is able to pay their salaries. Keith's take in most Cabot presentation was that we will be cashflow positive at 400boe, but in-spite of +700bpd the company was still no where cashflow positive. I had begun to think that they are just digging holes in the ground to justify some activity while drawing salaries. If they really believed in the prospects of the company as he keeps telling Malcy, why not put his own money to invest in the company that would at least have demonstrated some confidence in his own company..
buggy: sg31, My very point. The last lot are just there going through the motions and collecting salaries. the have no stake whatsoever in the company, no personal investment except for options they got at 1p each, nominal value hence there is hardly anything they can loose if share price stagnates. they are well paid and as long as they can keep raising money and getting paid they are more than happy. If they had any faith in the prospect for the company you think they would have backed themselves by having a personal holding in the company. At least H2P paid 5p per share for their shareholding so they do have something to lose, same as other PI. My personal opinion is that price will stagnate until the previous lot have totally left the company which will be within the next 2 months and they have mostly exercise their freebie options and sold them. Currently there has not been any announcement from the new CEO so I imagine he is currently reviewing the assets and state of play. after this I would expect at least an indication of the strategic direction for the company. I am a bit comforted that while I am at the moment under water, my average is less than 5p so before H2P sees any money on their investment I will also be in profit.
buggy: Give them a year and they will fritter away the money and come back for a placing for working capital. Even if you previously did not know know much about the company or its past history it's recent history would have provided ample clue: ...having director's exercise warrants at nominal value, 1p, is a good sign of management that is looking after themselves. [Apparently these warrants are in lieu of payments spite of the hefty salaries that they are taking. Even in exercising the warrants they still did not dip into their pockets to pay for them but is apparently foregoing some future warrants as a means of payment. When you work out the number of shares being exercise and the future warrants that is being used to pay for these your head spins. They exercised options for 3,132,227 shares at 1p each payed for by waiving rights for 691,000 shares. [ Complicated maths there if the options are at 1p each: 3,132,277 = 691,000] For a board that is confident in their performance the warrants will be performance linked and at a sliding exercise price and not a nominal value. As it stands if by some miracle the share price was £2 per a share our directors will be exercising hefty warrants at 1p each???? For those that were gullible enough to take part in the placing at %p per a share ..they are already under water even before today's announcement which in effect says that the trumpeted new drillings that is supposed to be generating free cash flow is producing diddly squat between them.
buggy: I am just speculating on the price for mid next year. I will still be here long after that unless something changes drastically. I am hoping to stick around for any of the Italian licences to be tested.. first will probably be the Shell managed onshore licence. That may be the company maker, so as long as the price is ticking along based on the Canadian assets ... I will stick around until the Italian licence by Shell is drilled. At the moment none of these have been factored into the share price... mainly because it seems as if it will never be drilled due to the slow pace of Italian regulatory process. Anyway hopefully news this week or next that they have started the second side-track in Canada. Also operational update due before end of year, hence a couple of news events that may tick over the price depending on which way it falls.
maxk: It's all happening..
dmhzx: The kiss of death on a share price is news that they need to raise cash for working capital. This means a placing of some sort. Their nominated advisor will tell them that a rights issue is very costly, so insitutions will have to be approached directly. This then means a HUGE discount to any sort of prevailing price, and consequently a massive dilution. Best approach from here on in is for holders to get out now, wait till the placing is announced, and then buy on the resulting dip. As whatever the price is at the time, the placing price will be substantially less. If you don't believe me, just check out the recent history of SEN. Mentioned they needed cash for working capital in June when share price was 6. price collapsed to 1.4, placing at 1p announced in December, price dropped to 1.1. It is now back up to 1.5. - An very quick 50% gain for whoever got placing shares. Don't see why this one should be any different. (Actually, the best approach for holders is to dump the existing shares and then approach whoever is doing the placing and get on the list for some placing shares!)
jpmegias: Buy Carbo at 9.5p* Suggests Conrad Windham of Being a shareholder in Carbo (CAB: AIM) has not been a fun experience, nor has it been a profitable one. Since 2000 turnover has fallen year-on-year from 76.3 million pounds to 52.5 million pounds. Since 2000 pre-tax losses have grown from 0.47 million pounds to 6.89 million pounds. Since 2000 the number of employees has fallen from 1,158 to 686. Since 2000 Carbo has been one of the real dogs of the market, and has been valued as such. But now is exactly the time to consider buying shares in the company. However, widows and orphans would do best to steer clear for the time being. The Business "Pioneers in abrasive engineering", is how Carbo describes itself. The Group operates different brands that market separate abrasives equipment to meet the individual requirements of manufacturers. Carbo's products are used in over 100 countries in several different industries such as aerospace, power tools, hand tools, furniture, automotive and tobacco production. In addition the Group owns Anglo Abrasives Ltd, which is one of the leading distributors of abrasive products within the UK. The Group's brands include the following: Dilumit Kirċher - Located in Düsseldorf, Germany, Dilumit are producers of high-quality grinding wheels. Dilumit's product range is aimed towards - although not exclusively - the metal working industry. C.F. Schröder - Schröder supplies abrasive products in such applications as metal, glass, flooring, and wood to 29 different countries. The claim to fame for C.F. Schröder Abrasives is having discovered silicon carbide, the first synthetic abrasive product in the world. BMA - Italian based BMA manufactures abrasive papers specialized for use with accessories, wood and auto applications. BMA stocks both jumbo rolls and flat goods in all available grades and types for calibration, sanding and finishing of raw and varnished surfaces. DGS - DGS are described as being "specialists in vitrified bond grinding wheels and segments for precision applications". DGS products are distributed in sixteen countries. Getting Carbo Group Back On Track One of the key reasons for Carbo's decline in recent years has been due to a shortage of working capital, which prevented it from filling orders due to either a lack of stock or credit facilities. No bank would lend to the Group due to the dire situation. The shortage of working capital prevented the purchase of sufficient raw materials for production to be organised efficiently. However, since the start of 2004 prospects have begun to look much brighter for the Group. In February 2004, 3.2 million pounds worth of convertible loan notes were converted into equity, which will result in an annual saving of around 220,000 pounds. Also in February an agreement was reached after several months of negotiation with GMAC Commercial Finance to provide funding of up to 9.5 million pounds, secured on the Group's fixed assets. A significant part of the tangible asset base is property; the German sites - apart from Stuttgart - are all freehold or long leasehold. In September 2004 the leasehold on the site at Stevenage, which had been unused for the past two years, was terminated through the consideration of 1.8 million shares in Carbo, and a one off cash payment of 70,000 pounds. The termination of the Stevenage lease will save the group 100,000 pounds per year in rental costs. At 31st July 2004 the balance sheet showed fixed assets of 17.061 million pounds. Rationalisation has also been occurring in Germany, where 75 employees have been made redundant; also 33 employees in the UK have been made redundant. The estimated costs of the redundancies in Germany and the UK are estimated at 1 million pounds. At Trafford Park, Manchester the entire operation has been closed with relocation of activities to Düsseldorf. The company has moved to new smaller premises, which comprise an Anglo Abrasives distribution depot and a small plc office. The closure of the Trafford Park depot will result in savings of 600,000 pounds per year. The final phase of the Group restructuring took place in August 2004 when the company raised 3.7 million pounds through issuing 32 million new shares, and the conversion of debt-to-equity. The refinancing ensured that over 1 million pounds could be invested in the German subsidiary, as well as providing further working capital. Financial Insight Interim accounts at 31st July 2004 showed long-term creditors of 19.748 million pounds. However, 16.1 million pounds of the long-term creditors is the provision for the German pension fund. The pension fund is self-funded, and is effectively a long term liability with no need for "repayment". Annual funding costs to the pension fund ensure a hit to the P&L each year; however the overall deficit should not be a concern. The accounts to 31st January 2004 showed a 500,000 pounds increased provision for the UK pension fund under FRS 17, this is unlikely to be a one off, but I do not anticipate this being a cause for concern. Improvement In Orders The restructuring and rationalisation has resulted in a strong improvement for the business. On 1st September 2004, CEO Lars Nyqvist reported that Carbo is "starting to see significant improvement in incoming orders. The order book is growing by the month, currently up by ?3 million on this time last year." On 27th October 2004, in the company's interims, this was reiterated, "We have a good order book. the remaining four months of the financial year will show what can be achieved." Forecasts It is difficult to forecast accurately the loss that Carbo will make for the year ending 31st January 2005, since the figures will be confused by the various exceptional costs and the time the management has devoted to ensuring the company survived. Turnover should be expected to be around 50 million pounds. For the year ending 31st January 2006 I forecast turnover to rise to between 60-65 million pounds with a profit of 1.5 million pounds, which would equate to EPS of 2.44. If my forecasts are remotely accurate Carbo is currently trading on a 2006 PE of 3.9. It is possible that the Group could make 2.5 million pounds to the year ending 31st January 2007, which would equate to 4p/share of earnings. Carbo is in the Engineering & Machinery sector, which has a sector average PE ratio of 13.2. If my figures are accurate shares in Carbo could be trading at between 20p - 30p within twelve months. The Roy Mitchell Factor What gives this tip extra credence is the near 8% holding of Roy Mitchell. Mitchell is a shrewd Scottish accountant who has worked in the City for the London-based hedge fund Man Group and is best known for spotting the potential of Indigo Vision. Mitchell emerged with a disclosable holding in December 2003 when Indigo shares were trading at 34p, today they trade at 103p. Says Mitchell "My conclusion was that Carbo had been a dog, in the 'would-not-touch-with-a-bargepole' category, but I was intrigued by new management coming in and the existing shareholders being prepared to put money in." Mitchell adds that "I see Carbo as a classic recovery situation. For years the management would not bite the bullet and consequently paid the price. Now they have the money injected - from old and new investors, plus they have a relatively new management led by Lars Nyqvist, who has already turned round one abrasive company. Then there are the new directors who have extensive industry experience and all put money into the placing." Mitchell concludes by adding that he is "confident of at least a 100% upside from these levels!" Conclusion Carbo is still a high risk share; it is not completely out of the woods yet. For several years now this renowned abrasives company has been a dog, and continues to be viewed as such by the market. However, within the coming months we should see evidence that the turnaround is well underway, and the company is moving into profit. Furthermore it is highly encouraging to see Roy Mitchell holding 8% of the equity. I believe that there is strong upside from this level but would caution investors not to rush to buy. Investors should be aware that there is not a huge free float right now and should be aware of paying over the odds. *Conrad holds shares in Carbo. Key Data: Share price: 9.5p Stockmarket: AIM EPIC: CAB Market Cap: 5.84 million pounds
Cabot Energy share price data is direct from the London Stock Exchange
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