Columbus Energy Resources Share Discussion Threads

[ccr1958] 09/11/2018 09:21

Great news from Schroders, don’t get ‘killed’ in buying frenzy rush 😊

[arrynillson] 09/11/2018 09:19

12bn/SmoggyG - just pointing out that a company making a loss can become profitable - something that even you appear to accept.

As I said before I wish you well with MRS - I don't believe the characteristics of that business are similar to CERP so the comparison is pretty pointless - the share price of MRS was around 8.5p when they announced the full year loss its now around 7p on the back of the improvements made - you clearly want people to buy there because you believe the share price will grow if improvements are sustained and in that way I do see similarities with CERP!

[smoggyg] 09/11/2018 08:47

Arry,do you really think Cerps results for 2018 will be any where near as good as MRS results for 2018?

[smoggyg] 09/11/2018 08:45

Yes but they forecasted a 2p a share earnings for the results due out next month. Is Cerp going to show ANY group profit next year? Unlikely. Taken from that MRS results year./////Trading Update and Outlook

The markets which BPH and MRSSG service are the strongest they have been in years. BPH is currently working at fully capacity and has a strong pipeline of work to complete. MRSSG is experiencing strong demand, with revenues now exceeding $4.0m per month.

The Hunter Valley thermal coal price has been strong and stable providing confidence for the coal mines to commit to repairs and maintenance and Yancoal has recently completed the acquisition of the Rio Tinto assets in the Hunter Valley.

Both BPH and MRSSG were run as separate operations with little interaction or utilisation of shared services and group purchasing during the financial years 2015-16 ('FY16') and 2016-17 ('FY17'). During late FY17 and 2017-17 ('FY18') the new Board prioritised significant cost cutting and restructuring, and has restructured the senior management, which now includes Group Human Resources, Group Asset Management, Group Procurement and Group Financial Management. Further changes include the recent recruitment of a General Manager - Civil and Earthworks, as part of succession planning at BPH.

The cost cutting and restructuring programme is now substantially complete. As the drive to grow revenues continues, the Board is committed to focusing on earnings growth and shareholder value for the remainder of FY18 and beyond.

For FY18, first half expectations are for Profit after Tax and earnings per share to exceed $2.2m and 0.8p respectively, whilst for the full year earnings per share of not less than 2.0p are in prospect.

Further progress is anticipated in 2018-19 as debt continues to be repaid from the strong operational cash-flow generated by the major changes which are now taking effect.

[arrynillson] 09/11/2018 08:38

SmoggyG - I notice your current promotion MRS made a loss in the last financial year ending 20/12/17 of $10.8 million yet it was able to turn itself around with new management - there were probably idiots like you on the MRS chat board saying the equivalent of ' what new is left NOTHING ! Koots name is worth nothing and he has no plans to drill new wells '

Why would anyone take you seriously 12bn - did you ever explain why you felt you needed to change your moniker?

[eggchaser] 09/11/2018 08:02

12bn aka Smoggy is a little liar.Keep posting your untruths as we are watching you in particular.We know who you work for and with.Be seeing you -

[edgein] 09/11/2018 07:47

Agreed fellas, good to see Schroders adding back above 14% before the action really kicks off here. The strong focus will be on EOR and workovers but we're due to do some drilling soon on Bonasse/Snowcap so we may get an update on that soon. I guess they'll want to be fully loaded before the Suriname deal closes. I reckon the next operational RNS will be on drilling details.

Regards,
Ed.

[jcgswims] 09/11/2018 07:35

I'm presuming the increase in Schroders holdings is a result of the recent approved placing. They've increased their stake by 25,236,953. The total placing shares was 71,428,571 so we should be getting another holding RNS from Mike Joseph if this is the case.

[smoggyg] 09/11/2018 07:35

Don't forget that the Cerp as a group loses nearly £5m per year! Is anyone surprised that they frequently need to raise cash via placings etc? Is this loss maker worth £30m? I don't think so.

[smoggyg] 09/11/2018 07:32

SmoggyG8 Nov '18 - 07:19 - 95 of 101 Edit
0 0 0
Why is the share price falling? Here is a clue and I suspect that another placing will be needed soon to pay for Spain.//////15 October 2018

COLUMBUS ENERGY RESOURCES PLC

("Columbus" or the "Company")

Conditional placing to raise up to approximately GBP2.5 million

Acceleration of growth strategy

The Board of Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, is pleased to announce a conditional placing, by VSA Capital Limited ("VSA"), with new and existing shareholders including Schroder Investment Management Limited ("Schroders"), Michael Joseph and Burggraben Holding AG ("Burggraben"), of 71,428,571 new ordinary shares in the share capital of the Company (the "Placing Shares") at a price of 3.5 pence per Placing Share (the "Placing Price") to raise approximately GBP2.5 million (before expenses) (the "Placing"), subject to approval by shareholders at a General Meeting proposed to be held on 2 November 2018.

Highlights:

-- Conditional Placing of Placing Shares at 3.5 pence per Placing Share to raise approximately GBP2.5 million (before expenses);

[eggchaser] 09/11/2018 07:24

I see Schroders increased their holdings to 14% from 12%.As the boys and I said yesterday more shares in safe hands.

[smoggyg] 09/11/2018 07:17

It seems that Cerp cannot even rise in the face of Schroders buying!.....TIDMCERP TIDMSDR

RNS Number : 8452G

Columbus Energy Resources PLC

08 November 2018

For Immediate Release

8 November 2018

COLUMBUS ENERGY RESOURCES PLC

("Columbus", "CERP" or the "Company")

Holding in Company

The Company have received the following TR-1 which is set out below without amendment.

TR-1: Standard form for notification of major holdings


NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible)(i)

1a. Identity of the issuer or the Columbus Energy Resources plc
underlying issuer of existing shares
to which voting rights are attached(ii)
:
----------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
------------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
------------------
An acquisition or disposal of financial instruments
------------------
An event changing the breakdown of voting rights
------------------
Other (please specify)(iii) : (i) Type 1 disclosure as per the Transparency X
Directive II Regulation
(ii) Change in denominator due to shares placing
------------------
3. Details of person subject to the notification obligation(iv)
Name Schroders plc
City and country of registered office London, UK
(if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
Name
----------------------------------------------------------
City and country of registered office
(if applicable)
----------------------------------------------------------
5. Date on which the threshold was 07.11.2018
crossed or reached(vi) :
----------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 08.11.2018
----------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer(vii)
of 8. A) (total of 8.B
1 + 8.B 2)
------------------------- ------------------- ----------------- ------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 14.133% N/A 14.133% 830,881,192
------------------------- ------------------- ----------------- ------------------
Position of
previous notification
(if
applicable) 12.641% N/A 12.641%
------------------------- ------------------- ----------------- ------------------



8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached(viii)
A: Voting rights attached to shares
Class/type of Number of voting rights(ix) % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
---------------------
GB00BDGJ2R22 117,428,571 14.133%
-------------------- --------------------- -------------------------------------- -----------------------


SUBTOTAL 8. A 117,428,571 14.133%
------------------------------------------- ---------------------------------------------------------------

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date(x) Conversion rights that may rights
instrument Period(xi) be acquired if
the instrument
is
exercised/converted.
-------------------- --------------------- -------------------------------------- -----------------------



SUBTOTAL 8. B 1
--------------------- -------------------------------------- -----------------------

B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date(x) Conversion cash voting rights rights
instrument Period (xi) settlement(xii)
--------------------- --------------------- ---------------- --------------------



SUBTOTAL 8.B.2
---------------- --------------------

9. Information in relation to the person subject to the notification obligation
(please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by
any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the (underlying)
issuer(xiii)
Full chain of controlled undertakings through which the voting rights X
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity(xiv) (please add additional
rows as necessary)
Name(xv) % of voting rights % of voting Total of both if
if it equals or rights it equals or is
is higher than the through higher than the
notifiable threshold financial notifiable threshold
instruments if
it
equals or is
higher
than the
notifiable
threshold
------------------------------------------- ---------------- -------------------------------------------
Schroders plc
------------------------------------------- ---------------- -------------------------------------------
Schroder
Administration
Limited
------------------------------------------- ---------------- -------------------------------------------
Schroder
International
Holdings Limited
------------------------------------------- ---------------- -------------------------------------------
Schroder
Investment
Management
Limited 14.133% N/A 14.133%
------------------------------------------- ---------------- -------------------------------------------

10. In case of proxy voting, please identify:
Name of the proxy holder
-------------------------------------------------------------
The number and % of voting rights held
-------------------------------------------------------------
The date until which the voting rights
will be held
-------------------------------------------------------------

11. Additional information(xvi)




Place of completion London
Date of completion 08.11.2018
-----------

Enquiries:

[smoggyg] 09/11/2018 07:16

You and 'the boys' Eggy? What an idiot,he even picks out 2 of my winners as an example of my losers,fool.

[offerman] 08/11/2018 20:59

Great points h Van der h

[chutes01] 08/11/2018 17:35

if there are any issues you will find out quickly, koot the hoot will not keep his name to this, he will have multiple oppos in the north sea and beyond

[the guardian] 08/11/2018 17:22

Remember that the old BOD didn't take a salary while we were at the bottom of the cesspit.

[h van der h] 08/11/2018 17:16

Just to add to the list possible candidates you have the 10% of the Steeldrum deal available to be sold into the market, Lind fly below the radar and are not adverse to a bit of share trading both up and down, whose to say some of the notifiable holders don’t dabble in a bit of lowering their average by way selling and buying as long as they don’t cross the percentage who’s to know... endless possibilities i’m afraid

As for DL. I would hazard a guess he’s long gone and as for old bod.. did they ever actually hold many?

[eggchaser] 08/11/2018 15:46

Hey 12bn or as we read 12iq. lol that loss of 2.4652mill must be as much, as it reads you lost at KIBO and KOD.You see we know who you work for and with. Be seeing you -

[eggchaser] 08/11/2018 15:35

The boys and I were just talking about the share price over a pint or two and we think that whilst the last reported accounts show a loss the share price will drag. What's needed is some positivity around our financials and proof of production with a steady positive cash flow picture will set us on the road. Any additional income from production increases or further cuts to overheads should be the tonic, with a splash of gin we need to move up. Spain helps but of course it will cost to dismember the site so we don't expect that to go with a whimper.The sells have been much less that we can remember so the heat from day traders had been removed by the strategy adopted by Koot and the gang. We see Mr 100k has gone quiet for a while too and the recent issue of shares are in tight hands. On the whole we are relaxed now we have averaged down and except some straggling t's need crossing hence the share price is what it is. The next RNS should fix it. All in our alcohol fuelled opinion.

[toploadermike] 08/11/2018 14:44

Yes I agree with you John and that's the dilemma for me, we should be seeing upward movement already.

ATB
TL

[toploadermike] 08/11/2018 14:16

LOL,
Hey if I change my name to John do I get added to the list of valuable contributors? Or do I need to make the share price rise first? LOL

Yes you may be right and there may be some disgruntled x workers or board members or even SH's but I don't see the gain for driving the price down for any existing holder, over and above wanting to buy more at a much lower price, do you?

Maybe there is demand from a serious investor with serious connections manipulating the price for that exact reason, same thing that can happen to trigger Management buyouts. Like telling the person that comes to the sales counter "I wouldn't buy from here m8, I'd go elsewhere" so that the business sales dry up and the Management are forced into selling out, and guess what, the price is ripe for the picking!

Just a thought..

ATB
TL

[offerman] 08/11/2018 13:59

Hi John :-)) just thought I'd join you in the club. If U.S then Hey Bob I expect... With regard to your comment in your earlier post about collaboration with MMs altering SPs do you think it's possible that past history and certain personnel have a grudge or ability to influence this too? I agree with you about constant mark downs even on deals good news etc .