Capricorn Energy Share Discussion Threads

[suetballs] 26/6/2023 06:29

AGM statement is a bit jam tomorrow - looks like the September 7th half year results will be more informative.
And bloody well sort out the Egyptian debt where $104m is overdue! That's a serious amount of money.
Suet

[finkie] 21/6/2023 08:15

175p and I may step back in

[silverstone1] 20/6/2023 21:10

AGG, I BOUGHT A 7 FIGURE SUM AT 125P IN AUGUST 2021 PURELY FOR THE INDIAN CASH, SO AFTER THE TENDER OFFER AND SPECIAL DIVIDEND, I'M ALREADY IN PROFIT AND RUNNING MY EXISTING SHARES FOR FREE WHILST WAITING FOR FURTHER SPECIAL DIVIDENDS FROM CONTINGENCY PAYMENTS OR A TRADE SALE!

[adg] 20/6/2023 07:06

You gone bearings SILVERSTONE shouter ?

[silverstone1] 20/6/2023 06:17

IS IT NUTS NOW CNE ONLY HAVE EGYPT PLUS CONTINGENCY PAYMENTS? WHOLESALE GAS IS AN EIGHTH OF ITS PEAK PRICE AND THE EGYPT CONTRACT IS FIXED SUBSTANTIALLY LOWER THAN THE WHOLESALE PRICE!

[nigelpm] 19/6/2023 07:39

It's the same - that was my earlier point - price is nuts down here.

[adg] 18/6/2023 12:35

After the recent payout, what is the equivalent share price now compared to several months ago when it was hanging around the 250p mark? (Or is it irrelevant?) - sorry I haven’t been keeping up since February so don’t know the detail
TIA

[suetballs] 17/6/2023 03:59

Yes - confidence here smashed.
Suet

[southcbubble] 16/6/2023 21:27

With the share price falling day in day out. What the heck was wrong with the NewMed deal? When are PI's going to get an update to what is happening?

[anley] 13/6/2023 12:41

The 5 Deltic JV licences are for sale but everyone who is anyone has had a look and will wait for summer to come and go +++ the political issues so it would be best if they were written off....................hold on everyone as there is the possibility that there is 2trillion of gas so it may pay CNE to talk to Deltic because if not then some of the licences will go back to the old Oil/Gas authority and that will mean writing off the licences - $12m est.

[grahamg8] 13/6/2023 06:25

Hi Churchill. I agree the money is there at the moment. But the caveats are the ones the Company have highlighted themselves. There’s lots of uncertainty, and that includes potential on the upside. Lumpy ride ahead. Let’s hope we come out on top.

[churchill2] 12/6/2023 10:22

Hi grahamg8
You seem to paint a picture that is not as black as you indicate. Capricorn at the 31st March 2023 had a cash balance of $646 of which $450 was returned to shareholders. Another $8 has been spent on buying back shares. Therefore the Company should be able to spend another $17 on buybacks and return $100 to shareholders in the form of a dividend.
This would be approximately £80 million divided by 140 million shares equates to 57p a share and a balance of S71 million left over.
However I do agree with you that from here going forward there are a number of uncertain issues you have highlighted so it may be fingers crossed and hope for the best.

[southcbubble] 12/6/2023 07:15

Well they have bought more shares today, and the share price again falls further, Perhaps they should stop buying their own shares and distribute the remaining funds to share holders via another dividend.

[grahamg8] 12/6/2023 06:16

Agree the falling share price is a concern. The simplest explanation is that PI’s take a lot more notice of the people in charge, and at the moment we haven’t seen how well they perform.

Lots of uncertainty from the direction of the oil price, exit price achieved for asset disposals, Egypt creditors and contract renegotiations, cost savings.

If this all goes well we get our $100m, if not the Company is in serious trouble and the share price will plunge.

[southcbubble] 11/6/2023 20:28

Depends if they pay a dividend, only time will tell, but the share price is falling day on day, even with them buying shares.

[grahamg8] 11/6/2023 08:48

Southc I don’t follow your logic. The (semi) commitment is to $100m payout. If you have fewer shares in circulation you get more per share not less?????

[southcbubble] 08/6/2023 21:35

The NewMed deal was better than what has happened with the share price falling day on day, and now we have almost half the shares we had before the consolidation, so if there is a dividend later in the year, we will be getting a lot less dividend because we now hold less shares. PI's have been shafted yet again!

[silverstone1] 07/6/2023 22:23

GUY553, WHY DON'T YOU HOLD CNE IN CERTIFICATED FORM, TO RECEIVE DIVIDENDS AND DOCUMENTS IMMEDIATELY? I DON'T KNOW ABOUT BARCLAYS, BUT JIM ONLY CHARGE £10 + VAT, TO WITHDRAW A SHARE CERTIFICATE!

[guy553] 07/6/2023 15:34

Yea at last Barclays have been deposited with the funds.

[guy553] 06/6/2023 14:30

Still no! Is anyone else still waiting?

[anley] 30/5/2023 15:20

YES the dividend cash was cleared 26 May.

[p6r0] 26/5/2023 13:25

Anley,
My dividend reappeared yesterday afternoon back to my ii account.

[anley] 26/5/2023 13:17

has anyone else had their DIV?

Thanks