Capricorn Energy Share Discussion Threads

[suetballs] 20/5/2022 15:55

Hold.
Suet

[nigelpm] 20/5/2022 14:29

Drivel - to use that wonderful word again. That won't happen.

[heialex1] 20/5/2022 08:08

What are the chances that the price is being controlled, for lack of a better word, to allow a lower price of repurchasing shares. Ironically, the lower the price during the repurchase the better for holders at the end as it is reserve dilution.... Just a thought...

[maxplus2] 19/5/2022 19:53

Very true.

[maxplus2] 19/5/2022 19:52

Not so good for current shareholders. Whereas other oil companies have risen and paying dividend, Capricorn have not.

[geckotheglorious] 19/5/2022 16:03

Nige,

Wish they 'd stop so I could buy some 190!

:)

[nigelpm] 19/5/2022 13:08

Buyback doing its job again - there's a reason why the average is around £2 - because the market keeps taking it there - really good job so far - mopping up on falls.

[croasdalelfc] 19/5/2022 09:03

The overall average is 200p a share - yesterday they bought heavily - today they will buy heavily

[tron22] 17/5/2022 22:47

In all fairness.... CNE went through... 1. Dividend / stock consolidation, 2. Tender
of 1 (circa billion) stock buy back program, with the stock price, left in the toilet ... how was this a good return to investors?? If after all of the accounting manipulation, the end result is a lower stock price... (buying back stock, and cancelling seed shares), still results in lower stock price........ feels like a hustle??? Someone please tell me where is the value for those holding shares worth less than expected VALUE . All of this CNE activity should have boosted the stock price!!!
I am starting to suspect foul play !!!

[silverstone1] 17/5/2022 16:56

IT IS TRUE, SINCE 7 APRIL 2022, AVERAGE PRICE PAID PER SHARE IS UNDER 200P!

[888icb] 17/5/2022 16:28

That’s not true as they paid a high of 205.4 and an average of 204 yesterday.

[silverstone1] 17/5/2022 16:27

CNE SHOULD COPY AV BY ISSUING ONE 'B SHARE' FOR EVERY EXISTING SHARE AND THEN IMMEDIATELY REDEEM THEM FOR 79P APIECE BECAUSE IT'S THE FAIREST WAY TO RETURN INDIAN PROCEEDS TO ALL SHAREHOLDERS!

[silverstone1] 17/5/2022 08:56

J.P. MORGAN HAVE OBVIOUSLY BEEN INSTRUCTED TO KEEP AVERAGE PRICE PAID PER SHARE TO UNDER 200P!

[nigelpm] 16/5/2022 09:37

Yet more drivel I'm afraid.

[hsfinch] 16/5/2022 08:37

Its pretty simple...its a vehicle to keep staff cosy n fat in Edinburgh. They sold off decent assets at bottom dollar and bought Shell's cast-offs in Egypt. Thank heavens them Indians coughed up and them Ruskies / Ukrainies started a war....else this share would be in the toilet.

[tron22] 13/5/2022 13:02

Shares consolidation = accounting trick to keep stock from falling to much after awarding a dividend. Share buyback is suppose to decrease amount of shares on the market thus increasing the price of the stock………. After all the purchased shares, why is this stock price still in the toilet? Come on Capricorn management. We want answers!!!

[silverstone1] 13/5/2022 11:04

SINCE 7 APRIL 2022, THE COMPANY HAS PURCHASED 5,726,848 SHARES AT A COST (INCLUDING DEALING AND ASSOCIATED COSTS) OF £11,396,373.36. THEREFORE, IT'S NOT "DRIVEL" BECAUSE AVERAGE PRICE PAID PER SHARE IS UNDER 200P!

[nigelpm] 13/5/2022 09:15

No problem - that's what we are here for ;-)

It was thanks to you flagging it up that I looked - never occurred to me it might be "hidden" in the AGM resolutions.

[controlledmadness] 13/5/2022 09:15

thanks for the info

[nigelpm] 13/5/2022 08:41

Isn't that covered by the second condition on bid price?

[croasdalelfc] 13/5/2022 08:39

I think there is a restriction- not set out in RNS - set by LSE-AIM rules to maintain an orderly market. I've asked JSE about buybacks and was told this info though without detail

[nigelpm] 13/5/2022 08:06

Interestingly it is the same as was applied previously :

hxxps://www.capricornenergy.com/media/2933/cairn-energy-agm-notice-2021.pdf

So that "drivel" that kept getting posted by Silverstone was as I said at the time just that!

[nigelpm] 13/5/2022 07:59

So basically very little restriction on buying.