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CAD Cadogan Energy Solutions Plc

2.30
-0.20 (-8.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cadogan Energy Solutions Plc LSE:CAD London Ordinary Share GB00B12WC938 ORD 3P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.20 -8.00% 2.30 2.10 2.50 2.35 2.30 2.35 1,141 09:21:58
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Drilling Oil And Gas Wells 8.47M -1.56M -0.0064 -3.59 5.61M
Cadogan Energy Solutions Plc is listed in the Drilling Oil And Gas Wells sector of the London Stock Exchange with ticker CAD. The last closing price for Cadogan Energy Solutions was 2.50p. Over the last year, Cadogan Energy Solutions shares have traded in a share price range of 1.05p to 2.85p.

Cadogan Energy Solutions currently has 244,128,000 shares in issue. The market capitalisation of Cadogan Energy Solutions is £5.61 million. Cadogan Energy Solutions has a price to earnings ratio (PE ratio) of -3.59.

Cadogan Energy Solutions Share Discussion Threads

Showing 23476 to 23499 of 23900 messages
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DateSubjectAuthorDiscuss
24/3/2021
16:59
I find this news on the Proger Spa's web site:

24.03.2021 Communication Proger Manager&Partners S.r.l.

Below is the note sent by Proger Manager & Partners S.r.l. (PMP) in response to the news spread during the recent days regarding alleged breaches committed by the latter in relation to the agreement executed in 2019 with Cadogan Petroleum Holdings BV, indirectly controlled by Cadogan Petroleum PLC.
The dispute between Cadogan and PMP sees Proger S.p.A. completely extraneous to the facts.

You can read the PMP srl's note here:

hxxp://www.proger.it/en/communication-proger-managerpartners-s-r-l/

hxxp://www.proger.it/wp-content/uploads/2021/03/Communication-PMP.pdf

brumbrum79
24/3/2021
10:03
Or just take on debt, with what looks like a lot of contracts in the offing I’d have thought borrowing would be fairly straightforward.
diesel
24/3/2021
09:06
A call option which has not been exercised.
A call option which is now valueless.

russman
24/3/2021
02:16
You don't need a pre action protocol when it comes to security enforcement. You'd show as part of that process the repayment has not been made on time or on the extension date. Fady wants no part of Proger, just the cash so he's snookered and Proger know it. This loan was set up with a view to taking up the option, which is why interest would have been waived.
shortcpx
23/3/2021
22:53
Thordon, what are you talking about? Proger asked for an extension until 19th Mar, my question is, what were they hoping to achieve in 3 weeks.
diesel
23/3/2021
20:29
A default notice.
Maybe the loan was to some other shell with a very similar name & P.O Box to Proger.

russman
23/3/2021
20:12
Pre action protocol...
timbo
23/3/2021
20:05
diesel - if you went to court and the judge asked what did you do to recover loan.
The replies would be we have written on several times and no response.
If Cadogan did not then the judge would ask please write first and suspend court hearing.

thordon
23/3/2021
08:49
I wonder why they asked for another three weeks, must have been some rationale? Perhaps didn’t want the financial exposure while negotiating a large contract.
diesel
23/3/2021
08:19
Whatsoever, this morning, CAD's shares are being bought.

f

fillipe
23/3/2021
07:51
Doubt Proger have paid any interest to date either.
russman
23/3/2021
07:25
If Proger try anything too risky they'll lose their remaining credibility. Imho
targatarga
22/3/2021
23:06
ill answer that tomorrow , but yes they have
thordon
22/3/2021
21:20
Doubt there are any assets left; it is whether Proger has ring fenced the loan liability.
russman
22/3/2021
21:04
Debt is Debt , company's that default will have the assets frozen.
Its that simple in the case of law no matter what country.

thordon
22/3/2021
09:57
if Proger wanted to change the loans terms, should have asked before default.
no defence to argue in the courts.

russman
22/3/2021
09:44
"Best resolution would be some form of negotiated staged repayments, with interest accruing."

I much agree with you on that.

f

fillipe
22/3/2021
09:35
This will take months, if not years to resolve in the courts. Some of us have been here long enough to remember the prolonged GPS court case (which Cadogan did eventually win).

Best resolution would be some form of negotiated staged repayments, with interest accruing.

Another great management triumph.

waveneygnome
22/3/2021
09:31
Not really a 3 week extension.
russman
22/3/2021
08:43
Progers trojan contracts are my concern...... Positive or negative?
targatarga
22/3/2021
08:39
Could end up a loan to own trade .... that or they pay back pronto ...
catsick
22/3/2021
08:19
The Courts will freeze the assets , could end up controlling the company
thordon
22/3/2021
08:08
Didn’t expect the extra time would change anything, but this RNS reads decisive which for CAD is something new.
diesel
21/3/2021
19:51
Well if i was running Cadogan then would force a increase in shares for Proger SRL instead of the loan.
Then carry out a reverse takeover of Proger SRL.
Once completed would then carryout a full buyout of Proger stake not already owned by Proger SRL

thordon
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