Cadogan Energy Solutions Share Discussion Threads

[laptop15] 30/3/2019 15:41

Drill results could land as early as this coming week I guess as the 3 months from early January is almost over

[targatarga] 22/3/2019 16:28

This is getting silly!

[moneymachine2] 15/3/2019 05:29

When is news due

[spangle93] 12/3/2019 07:41

Hey, that's unfair, we're averaging a post every 3 days in 2019, which is up on 22018

[thehitman1] 12/3/2019 07:35

Very exciting thread indeed.

[brumbrum79] 07/3/2019 20:54

1.03.2019
Proger’s capital increase takes shape
The first €13 million has been paid as part of the new business plan.

Rome – Proger Managers & Partners (PM&P) has subscribed and paid in full (€ 13,385,000) the capital increase of the subsidiary Proger Ingegneria s.r.l., ensuring that the latter may in turn subscribe and pay its share of the approved capital increase in Proger s.p.a., of which it holds 67.9%.

Proger will use the capital to finance its business plan, announced last autumn, with the aim of becoming more and more an international “demand generator” able to develop innovative skills that, combined with appropriate financial and human resources, allow it to invest in “new projects” in the identified country targets, building and promoting ambitious business initiatives, in particular in the Green Energy, Security and Healthcare sectors, focusing on a strong cross-cutting technological component, in line with the most advanced methodological approaches.

The financial transaction was carried out thanks to a strategic agreement between PM & P – of which Proger’s Managing Directors, Umberto Sgambati and Marco Lombardi, are the main shareholders – and Cadogan Petroleum Holdings BV, 100% controlled by Cadogan Petroleum PLC, a company listed on the London Stock Exchange.

The industrial partnership between Proger and Cadogan will be strengthened by the presence of two figures, including the President, appointed by Cadogan to the Board of Directors of Proger, composed of seven members.

“This agreement” declares the CEO, Marco Lombardi, “offers both companies the advantage of potential operational synergies for the development of their respective activities and marks a further step forward in Proger’s international development path which in recent years has recorded a steady growth in value of production (€ 124 million in 2017 ) confirming itself today as the non-captive number 1 engineering company in Italy”.

News Link: hxxp://www.proger.it/en/progers-capital-increase-takes-shape/

Good Reading

[nick rubens] 07/3/2019 13:31

Someone needs to make an opportunistic bid for this company as they'll get most of their money back from the balance sheet.

[laptop15] 06/3/2019 11:05

https://twitter.com/laptop1515/status/1103029483634917378?s=19Looking oversold and very undervalued to me forva solid investment

[diesel] 06/3/2019 10:19

I don't get it, producing more at a higher sale price, cash flow positive and profit making, plus cash pile, maybe it's just geographical uncertainties?

[targatarga] 06/3/2019 10:05

I reckon that if ever Cadogan release bad news their shares would go to minus 0 pence imho

[spangle93] 01/3/2019 16:36

Maybe they'll start to pay a dividend, if they are getting 5.5% annual coupons? At least that might make it attractive to some people

[spangle93] 01/3/2019 16:36

Maybe they'll start to pay a dividend, if they are getting 5.5% annual coupons? At least that might make it attractive to some people

[targatarga] 01/3/2019 16:35

thanks brumbrum - another bottom draw stock imho

[brumbrum79] 27/2/2019 17:50

Hi TargaTarga,

I don't know about it.

I think and believe stock market's and shareholders' expectations were different than Cadogan's management last investment decision because Cadogan's management said to the stock market:
'our targets are:
re-load assets (oil & gas) portfolio;
geographic diversification;'

I think last investment decision is not in line with Cadogan's management declaration and market expectations.
Imho, this is the (comunication/expectation) problem.

About Proger Spa/Proger Group I can say:
it's a good engineering company (it ranks 85th in the International Design Firms 2018 chart by ENR);
good financial results (based on annual report 2017 and first half 2018);
for 2018 expected revenues/turnover of 130 million euro and a back-log over 350 million euro;
it has a good track record;
Proger's Industrial Plan 2018-2022 has ambitous targets in terms of growth;
In the 2022 Expected Revenues/turnover over 273 million euro, Ebitda 29,1 million euro (Ebitda Margin 10,65% versus 2017 Ebitda Margin 8,25/8,50%), Net Profit 23,4 million euro (Net Profit Margin 8,57%) vs. 2017 Net Profit 4 million euro (Net Profit Margin 3,65%);
(more informations here:
hxxp://www.proger.it/en/proger-presenta-il-nuovo-piano-industriale-2018-2022/
hxxp://www.proger.it/wp-content/uploads/2018/10/CS-PROGER-11-ott-2018-IT.pdf)

Now, I hope and wish it's clear my view/opinion about that.


I wish you read ukrainian part of my previous message.. fingers crossed.

Bye

[targatarga] 27/2/2019 12:02

brumbrum - so do you think we're being set up for the inevitable fall. tia

[brumbrum79] 26/2/2019 23:15

I don't know if stock market and minorities understand and agree about this kind of operation.

13.385.000 euro = 15.245.500 USD (today's exchange rate Eu = 1,139 Usd)...

Assuming Cadogan Petroleum's cash 40.000.000 Usd at 31 december 2018, Cadogan's management used 38,12% of the cash for this operation.

Imho, the right 'target' is a different type of operation.

Last...

hxxp://eia.menr.gov.ua/places/view/1862

Іде;нтl0;фі 82;ац
110;йний ном;ер :
20181041862

Наз;ва
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085;істю "АСi8;РО 43;АЗ"

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Обл;асm0;ь
Пол;таk4;сь 82;а обл;асm0;ь

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УЦО;

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№: 20181041862/4919

Дат;а офі;ціl1;но 75;о опр;илn2;дн 77;нн
103;: 08.10.2018
Пов;ідl6;мл 77;нн
103; про; пла;ноk4;ан 91; дія;льl5;іс 90;ь

№: 20181041862/6574

Дат;а офі;ціl1;но 75;о опр;илn2;дн 77;нн
103;: 04.12.2018
Зау;ваk8;ен 85;я і про;поk9;иц10;ї гро;маk6;сь 82;ос
090;і до пла;ноk4;ан 86;ї дія;льl5;ос 90;і, обс;ягm1; дос;ліk6;же 85;ь

...

ТОВ; "АСi8;РО 43;АЗ"

Пов;на наз;ва: ТОВ;АРh8;СТ 42;О З ОБМ;ЕЖh5;НО 70; ВІД;ПОh2;ІД 40;ЛЬ
053;ІСТЮ "АСi8;РО 43;АЗ"

Код;: 35193263

Адр;есk2;: 38100, Пол;таk4;сь 82;а обл;., Зін;ькo0;вс00;ки
081; рай;он, міс;то Зін;ькo0;в, ВУЛ;ИЦk1; ПОГ;РІh1;НЯ 50;А, буд;инl6;к 5 А, ква;ртl0;ра 2

Дир;екm0;ор: Кул;ібk2;ба Оле;г Юрі;йоk4;ич

Ста;н: зар;еєl9;тр 86;ва
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085;е бур;інl5;я
Вла;снl0;ки на 25.02.2019

Кад;огk2;н Пір;кіk4;сь 82;е Б.В., вне;соl2; — 9 900 000 грн;, 99%

ТОВ;АРh8;СТ 42;О З ОБМ;ЕЖh5;НО 70; ВІД;ПОh2;ІД 40;ЛЬ
053;ІСТЮ "КАh4;ОГ 40;Н УКР;АЇi3;А", вне;соl2; — 100 000 грн;, 1%

hxxps://opendatabot.ua/c/35193263
...

Good reading, bye

[charlie] 26/2/2019 17:28

The company is breathing, but how sad that the parrot is dead.

See RNS 1001hrs and 1634hrs.

I actually emailed [e-mail] about the parrot which made an appearance half way down the first one, but they haven't replied.

[spangle93] 26/2/2019 17:04

Geez, I had to draw a plan with arrows to try to work that out. I wonder where it will go. I'd rather they spent some more on drilling, or if not, then acquiring a company that does. But at least from the odd RNS, we know they are still breathing as none of them is a spring chook

[targatarga] 26/2/2019 13:29

let us hope Italian contractors are more stable than Carillion etc imho

[nick rubens] 26/2/2019 11:02

Interesting RNS today. Could get very interesting in the next couple of years.

[waveneygnome] 22/2/2019 15:06

#8 checking in....nothing happening.....ok back to sleep.

[targatarga] 15/2/2019 15:34

Looks like the recent spike was temporary...

[richardjohn10] 05/2/2019 22:28

Can someone please explain why the share price is so low considering the fundamental value hereThere's got to be something holding this down