Caspian Sunrise Share Discussion Threads

[hallow] 25/1/2018 10:04

10 months ago Clive Carver said this


'We're sitting on something pretty special', says Caspian Sunrise chairman Clive Carver

29 Mar 2017

Since this date nothing at all.

[harrissen] 25/1/2018 09:27

Kairat Alpamyshovich Satylganov has his finger in many pies.

He is without doubt the most influential person in Kazakstan Financial circles today



ALMEX Holding Group has increased the capital of Kazkommertsbank by KZT 65,2 bn.

16.11.2017

Almaty, 16 November 2017 –

JSC «Kazkommertsbank» (hereinafter – «KKB», «Bank» or Kazkommertsbank) announces on successful offering of the Bank’s 700 716 450 common shares under the announced issue (NIN KZ1C00400016), registered by the National Bank of Kazakhstan on 1 June 2017 № А0040. Out of common shares offered by Bank 700 171 633 common shares were purchased by JSC ALMEX Holding Group, which became the Bank’s major shareholder with the share of 25,05% of the number of common shares, as a result of such deal. The Bank’s capital was increased by KZT 65,2 bn. as a result of closing the offering, which will ensure the necessary support for achieving target indexes in the lending market.

Decision on making big investments into the Bank’s capital proves the ALMEX shareholders’ intensions to ensure the financial stability and further development of Kazkommertsbank within Halyk Group.

The need in additional increase of the Bank’s own capital is based on the constantly increasing regulatory requirements against the capital adequacy and new IFRS9 standards, which will be implemented in Kazakhstan starting from January 2018, as well as the plans of managing the processes related to clearing, rehabilitating and further growth of the Bank’s loan portfolio.

In the course of closing the deal on acquisition of Kazkommertsbank this July, Halyk Bank of Kazakhstan has invested KZT 185 bn. to the capital of KKB, which helped to continue the Bank’s normal lending activities and provide it with liquidity. In view of the new capital increase to KZT 65,2 bn., total investments to the capital of Kazkommertsbank in 2017 equaled KZT 250,2 bn., which is the biggest investment to the banking sector of the country.

[harrissen] 25/1/2018 09:22

xclusive2,

As the Chief Executive Officer of Holding Group Almex JSC, he is connected to the two merging banks.



Executive Profile*

Kairat Alpamyshovich Satylganov

CFO & Executive Director,Caspian Sunrise PLC


Age Total Calculated Compensation This person is connected to 9 board members in 2 different organizations across 4 different industries.

See Board Relationships
49 $258,823
As of Fiscal Year 2016

Background*

Mr. Kairat Alpamyshovich Satylganov has been Chief Financial Officer of Caspian Sunrise PLC since February 11, 2013. Mr. Satylganov serves as the Chief Executive Officer of Holding Group Almex JSC. He has been General Director of Holding Group Almex JSC since 2004. From 1992 to 1993, he served as the Chief Accountant at the Embassy of Kazakhstan in the USA. Since 1993, he served as the Chief Economist at Bank TuranAlem and its Deputy Chairman of the Management Board since 1997. From 1997 to 2002, he served as Deputy Chairman and Chairman of the Management Board at ATF Bank. From 2002 to 2004, he served as the Chairman of Halyk Bank’s Management Board. He served as the Chairman of the Kazakh investment company Almeks from 2004 to 2012. He has been Executive Director of Holding Group Almex JSC since November 2004 and Roxi Petroleum PLC since February 11, 2013. He has been an Independent Director of Tsesnabank joint-stock company since 2013. He also held Board of Directors-level roles with ATF Bank, Halyk Bank, Bank Kassa Nova and HSBC Bank Kazakhstan. He served as a Member of Board of Directors at Joint Stock Company Halyk Savings Bank Of Kazakhstan since November 2004. Mr. Satylganov is an economics graduate of the Kazakh State Academy of Management.

[xclusive2] 25/1/2018 08:28

Thanks for posting Harrissen. I can't see him as a current director of either bank. https://www.bloomberg.com/profiles/people/15224887-kairat-a-satylganov

[harrissen] 25/1/2018 04:50

FT
January 23rd 2018




Kazakh oil group's buyback wins shareholder support, paves way for IPO
Kazakhstan's state-owned oil and gas group will move to take control of its London-listed subsidiary and remove it from the public market after winning over minority investors, clearing the way for a proposed initial public offering of the entire company. National Company KazMunaiGas has made a delisting of upstream unit KMG Exploration and Production a prerequisite for proceeding with its own IPO, but previous buyout attempts have failed because of disagreements over price and a breakdown in trust between the company and its minority shareholders. At a company extraordinary general meeting on Monday afternoon, 89.5 per cent of votes were in favour of a $14 per share buyout that values the unit at $5.6bn, the company said in a statement on Tuesday. The buyback will give KMG more than 75 per cent voting rights in the listed unit. The company said that it expected KMG EP would be removed from the London and Almaty markets on May 11. That would allow the two companies to fully integrate and clear the road for an IPO of KMG, one of the Kazakh state’s crown jewels, as part of the Central Asian country's $70bn privatisation programme.

[harrissen] 25/1/2018 04:29

News

January 24, 2018

Kazakhstan says freeze lifted on $22 billion in oil fund assets



..........................


Satylganov Security.

Mr Kairat Satylganov's security over 141,876,871 ordinary shares held by himself had
nothing to do with CASP.
It involved financing the bank merger where he is a director of Kazkommertsbank hence the delay in reporting it by RNS.
All looks rosy on the CASP financial front once the merger is complete we will have a CASP director in the boardroom of the largest bank in Kazakstan!!!


Caspian Sunrise plc

23 January 2018

Caspian Sunrise PLC

("Caspian Sunrise" or the "Company")

PDMR Notification

Caspian Sunrise, the Central Asian oil and gas company with a focus on Kazakhstan, announces that it received notification today that on 27 December 2017, Mr Kairat Satylganov, a director in the Company, granted as security over 141,876,871 ordinary shares held by himself. There is no change in the Mr Saylganov's beneficial shareholding in the Company and he continues to have an interest and voting rights in 175,682,697 ordinary shares representing 10.5% of the issued share capital.

Voting rights in relation to the shares being pledged are not affected and remain with Mr Kairat Satylganov.



The Latest on Kazakhstan.

Kazakh bank merger to snag 40% market share.

Kazakhstan’s two largest banks will merge their operations, five months after the market leader bought its largest rival, in a move seen as the lynchpin of efforts to stabilise the country’s troubled banking sector.Halyk Bank said on Friday that its board of directors had agreed to integrate the lender with Kazkommertsbank, in a move that will create a massive single bank with roughly 40 per cent market share, four times more than its closest rival.“After five months of painstaking work with international consultants, we can confidently state that the potential of the transaction is huge,” said Umut Shayakhmetova, chairwoman of Halyk Bank. “Integration of banks is the most optimal option for further development of the group.”Since purchasing Kazkommertsbank in July in a $560m deal that followed a $7.5bn government bailout for bad assets held by the bank that Halyk refused to acquire, the bank has weighed up whether to run the lender separately or combine with it.Internal discussions are continuing on the impact and potential synergies and benefits from any possible redundancies or branch closures as a result of the merger, a member of Halyk’s management team told the FT, adding that “considerable savings” would result.The merger is expected to take a year to complete, and will require regulatory approval.“We expect that the merger, in establishing the largest bank, will improve the access of customers to loans and a broader product line. This, in turn, will provide additional incentives for the development of business and the economy,” said Kazkommertsbank chairman Ulf Vokurka.

[control1] 24/1/2018 21:32

Well it's my birthday on Friday so that would be a fine present...

[bad gateway] 24/1/2018 21:13

If he is a liar then why would he stop now? Old dog new tricks and all that.
Hope he's not and the deeps come in tomorrow for the holders..

[xclusive2] 24/1/2018 17:30

2.1m trades. 600k buys from midday, 3 small sales. 200k rollover on the high side by a t trader that wants s small margin call.All PI trading probably and more than likely linked to TA signals, falling below the DMA's and time to sell.Another wealth transfer day.Tick, tock.

[davidblack] 24/1/2018 16:17

Yep I got bored with the "Best of all possible world mentality" the company seems to enjoy.

Still got my holdings and just need to wait 12 month for the pot to cook!

[buzzzzzzzz] 24/1/2018 15:57

David they are missing you on the HUR board!

[davidblack] 24/1/2018 13:55

The issue here is Caspian have for years be operationally poor on everything other than the shallows. That is where they should focus their efforts until they can drill and produce from one deep well.

Back to the disclosure issue, it is simply a disgrace and indicates contempt for the whole regulatory regime and other shareholders.

Maybe questions for the first of Feb presentation?

[xclusive2] 24/1/2018 13:50

Roy,'There are none so blind as those who will not see'.I could say the same thing re your involvement here BUT that's not my call, that's yours to see the light and sell out. I don't see it that way and next few weeks will show us either way. I will dump if I see no deep opportunity, why would I dump now, madness.

[timberwolf3] 24/1/2018 13:43

roy - your still here after all this time, are you also not a conman's dream? are you not also still here waiting for your own ship.

[roy1982] 24/1/2018 13:33

x2
you are truly a con mans dream. In the past three years or so the share price has
lost more than 60% of it's value, during this time we have constantly been misled
or lied to.We get a raft of good news before Christmas so the big boys can dump loads of shares which we are told is because of Kaz tax law changes, if that were true should there not have been massive buying after said changes had been implemented.I could not give a dam about the shallow wells I bought in 10/12 years ago for the deeps but three years after striking oil we are still no further forward.We are all entitled to our own opinions but your someday my ship will come in routine is wearing rather thin.There are none so blind as those who will not see.

[timberwolf3] 24/1/2018 13:27

bull - Do you mean the oil capital conference on Feb 1,

[bullinachinashop3] 24/1/2018 13:14

anyone know when they are presenting at the O&G conference?

[control1] 24/1/2018 13:04

I don't blame anyone for MY investing decisions HOWEVER, those decisions can only be based on the information coming from the company to the market.

I DO therefore blame Carver for the constant and unceasing stream of lies issued by him in RNS and other (presentation) forms which people have based decisions on.

For that, he AND THE NOMAD are jointly responsible because to date, NOTHING has ever happened in anything like the timescales given, EVER...... I've lost a packet over the years on T trades when stuff was supposed to happen but never did

My own fault for believing the lies...? not really. Deadlines/guidance should be clear, transparent and most importantly, realistic

The latter is something that Carver is completely incapable of providing and the only reason I haven't had his head yet is because fellow investors would suffer but mark my words, one more lie and your time is up Carver....

[timberwolf3] 24/1/2018 12:34

Well said Smarty.

[hornetsting] 24/1/2018 12:03

You couldn't make this up.

Robin: "Holy Toledo Batman! Did the Riddler just fail to disclose to the Penguin that he used his shares as collateral?
Alfred: "It has the hallmarks of Judson Caspian, Sir.
Batman: "Born and raised in Gotham in the mid-20th century, Judson Caspian was the scion of a wealthy family, and enjoyed life as a socialite amongst the upper echelons of Gotham society, until.....".