Share Name Share Symbol Market Type Share ISIN Share Description
Columbus Energy LSE:CERP London Ordinary Share GB00BDGJ2R22 ORD 0.05P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.05p -0.98% 5.05p 1,703,624 14:30:03
Bid Price Offer Price High Price Low Price Open Price
4.90p 5.20p 5.10p 5.00p 5.10p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.5 -11.9 -0.2 - 32.78

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Date Time Title Posts
26/5/201809:59Columbus Energy Resources PLC 4,561
23/5/201809:00Lind issued monthly with millions of 4.5p shares SELL at 7,25p!1,002
27/4/201815:34Understate...over perform27
06/4/201811:34No RNS....NOOOO promised Quarterly?-
22/1/201812:10CERP is a pump n dump share SELL imo196

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Columbus Energy (CERP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-05-25 15:26:094.9630,0001,488.03O
2018-05-25 15:24:515.105,000255.00O
2018-05-25 15:19:584.9613,277658.54O
2018-05-25 15:09:474.9522,0001,089.22O
2018-05-25 14:01:375.1340,0002,050.00O
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Columbus Energy (CERP) Top Chat Posts

DateSubject
26/5/2018
09:20
Columbus Energy Daily Update: Columbus Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CERP. The last closing price for Columbus Energy was 5.10p.
Columbus Energy has a 4 week average price of 5p and a 12 week average price of 4.58p.
The 1 year high share price is 8.03p while the 1 year low share price is currently 2.10p.
There are currently 649,206,426 shares in issue and the average daily traded volume is 1,154,882 shares. The market capitalisation of Columbus Energy is £32,784,924.51.
21/5/2018
11:14
rossannan: NEXUS7You've missed out the context of that conversation which discussed the dilution that would have taken place by the time that the share price reached 80p. This includes the dilution that is already in-built via the options that are already in existence and the (albeit accretive) dilution that would inevitably be part of the relevant deal(s) - this accretive dilution was alluded to by LK when he talked about "material investors" and a "multiple" of the current MCAP. For the share price to hit 80p at some point I suspect that the corresponding MCAP would in fact have to be well over, not just over, £1BN.This is a problem both here and on LSE that feeds into some egregious ramping: a few folk still assuming that because LK is targeting a MCAP of £500M+ the share price will be a little shy of 80p when he hits that target, thinking that they just need to work with the number of shares currently in issue and ignoring, as I said, the options that are already in existence and what "accretive" dilution actually means.
14/5/2018
10:29
holly day: Offerman, great this search engine malarkey on advfn... managed to locate my previous post (hadn't realised I had blabbered so much over the last two years!!!!) -------------- holly day - 15 Jan 2018 - 10:36:01 - 3029 of 4493 Columbus Energy Resources PLC - CERP Morning offerman. Coming back to the debate on Friday about LIND's shares.... Yes, as Rossannan and Garhiem have beaten to death as well as confirmed by the company Q&A, the 2.9% stake is in escrow since 23rd Sept for 6 months. However, my point, perhaps not been made clear, was that they have had several conversions/allotments as per below, which may have been sold since...(extracted from various RNS's): -- Lind has agreed with the Company that it shall receive the repayment of its next First Tranche monthly instalment in September 2017 in shares, totalling 2,307,692 shares at a conversion price of 3p per share. -- Upon providing the Second Tranche, Lind will also be entitled to 7,692,308 share options, exercisable at a price 50% greater per share than the average share price for the 20 days prior to the date of award for a period of up to 40 months. 10/10 - 2,512,333 new ordinary shares ("New Ordinary Shares") @4.5p 8/11 - 5,067,242 new ordinary shares ("New Ordinary Shares") @4.5p Lind also exercised its right to convert a total of US$450,000 of the monies outstanding from the loans into shares at the re-structured conversion share price of 4.5p per share. ..., although Lind retains the exclusive right to convert outstanding debt at 4.5 pence per share at any time of their choosing whilst the debt remains outstanding. ------------------ So the points I would make are: 1. A lot of the shares were issued before the OO and since they rank pasi-passu, would have been entitled to OO allotment. 2. They MAY have offloaded a lot if not all of those in the market since, so it could well be that it was their sales to have caused the share price drift. I have done some checks on LIND over the weekend, they are renowned in their field of providing finance and MOST of their funding is often converted in to stock. There have also been times when they have ended up with over 10% stake in the companies. So, we'll find out on or after 23rd March if they have a notifiable interest as the total number of shares allotted to them should be well over 3%. ----------------------------- The key bit is... "although Lind retains the exclusive right to convert outstanding debt at 4.5 pence per share at any time of their choosing whilst the debt remains outstanding." Luckily not much debt left to repay.
22/4/2018
12:07
rossannan: Brasso3 I don’t think it is a reasonable MCAP for a company that produces 540bopd with turnover (not profit) of £8m - £9m. It is far too high unless you take CERP’s prospects into account. Not sure though that the CERP share price would (or at least should) take a beating just because production slips a little below the low case - the key things are remaining CF+, retaining a healthy cash balance and how planned future growth is to be funded. Funding and financial management are the key. BOPD and/or reserve increases mean nothing if they are bought with dilutive share issues or unaffordable debt. For example, if TXP’s production was shown in its next RNS to have slipped back to 1500bopd, its share price really would crater, even from where it is now, because of its very significant debt. If WF at Goudron turns out to be a slower burner than expected it’s not such a big deal because CERP has no significant debt.
20/4/2018
13:23
offerman: Hi HollyI'm slightly confuse.As what you've said in your post reflects my original post about an increase in value of the share price based only on increase production.When Ross came back with his answer in that he thought the 900 barrels for example if we were producing today would not increase the share price and then your reply postyou were agreeing with Ross.But in this recent post you're basically agreeing with what I said earlier about if there were no contracts but with the increase in the price of oil and also production this would lead to a higher share price. So in essence you are agreeing that the share price of today would indeed be higher if we were to have further increase in barrels of oil let's say 800 or 900 would lead to an increase in share price which is what I stated earlier. So I wasn't sure when you said you were on Ross side and agreed with what he said that's why I was a little bit confused to your latest answer
20/4/2018
11:35
rossannan: offerman Good luck making a prediction like that over there on LSE!I think, comparing CERP to its peers, CERP's current share price already assumes a production trajectory up towards the 900bopd mark. Even 900bopd EOY wouldn't really justify a 5p share price however, so the current share price clearly reflects some additional assumptions. Not just assumptions about further progress at Goudron but about the deals / SWP potential that I talked about. That is where this gets interesting, interesting enough that I wouldn't say that CERP is currently overvalued and that if other things work out and I have the cash to hand I would be a buyer sub-5p for the longer term. Which is not to say that CERP won't test support at 4.5p in the meantime because there is still a focus on Goudron production and a tendency to over-estimate it.
02/4/2018
14:02
the guardian: h van der h, I can't count the number of times that I've seen brokers / institutions offered shares at a discount to the prevailing share price on a certain date. They have then shorted the price down / sold their current holding, so that they could receive a discount to an even lower share price on that day. It's insider dealing but they seem to get away with it. I keep wondering where the share price will be by the end of this week. It's anybody's guess, because good news could see a lot of new investors arriving or alternatively, a lot of traders selling their holdings in the hope of a cheaper price to buy back in. My guess is somewhere between 4.5 p and 10p and I'm pretty sure I will be right. :-)
16/1/2018
13:36
the guardian: It's all on the website under Q&A: As confirmed in the RNS of 11 September 2017, the Company at that time had successfully re-negotiated certain terms of the Lind convertible security funding agreement which involved, amongst other changes, the granting of 17,992,308 shares to Lind to be held in escrow for at least six months. As part of this re-structuring Lind agreed to increase the conversion price for the first tranche of the loan that was outstanding from 3p per share to 4.5p per share. The Company also confirmed on 19 September 2017 that application for the above-mentioned shares, together with a further 2,307,692 shares relating to the repayment of loan due for the month of September, had been made to the London Stock Exchange and that it was expected that admission to trading and dealings in these shares would commence on 22 September 2017 (subject to the six-month escrow requirements of course). Management were very pleased with this re-negotiation which was extremely well received by the market and contributed within a month to an increase in Columbus’ share price and market cap by over 120% when compared to the share price on the day before the restructure was announced. The 17,992,308 shares currently represent approximately 2.9% of the total shares in issue at today’s date (12 January 2018). Apart from the requirement for Lind to escrow the 17,992,308 shares for at least six months, there were no other restrictions placed on Lind who are entitled to take whatever action they wish on those shares at the end of the six-month escrow period. That said, Lind maintain a very positive relationship with Columbus management and in a meeting in early December 2017 indicated that they were very pleased with the progress achieved by the Company in recent months and were very positive about the long-term potential. They also indicated that they would not take any action which would have a detrimental effect on the Company’s share price and were looking for further share price growth before they may consider taking any action on their shareholding. In addition, as mentioned in the RNS on 21 December 2017, the total debt outstanding to Lind at the end of 2017 had been reduced to approximately US$1.35 million. The Company has budgeted to meet all repayments due to Lind in 2018 in cash, although Lind retains the exclusive right to convert outstanding debt at 4.5 pence per share at any time of their choosing whilst the debt remains outstanding. Whilst Lind exercised their exclusive right in October 2017 to provide the Company with a second loan facility of US$750,000 that month (an amount which is included in the debt outstanding amount of US$1.35 million), Lind no longer have an exclusive right to provide any further funds to Columbus. To summarise, the Company is very happy with its relationship with Lind, who have been extremely supportive of the new strategy being undertaken by management, and is satisfied that Lind will act in a manner which ensures the Company’s share price is not detrimentally affected by any actions they may take in future.
15/1/2018
10:36
holly day: Morning offerman. Coming back to the debate on Friday about LIND's shares.... Yes, as Rossannan and Garhiem have beaten to death as well as confirmed by the company Q&A, the 2.9% stake is in escrow since 23rd Sept for 6 months. However, my point, perhaps not been made clear, was that they have had several conversions/allotments as per below, which may have been sold since...(extracted from various RNS's): -- Lind has agreed with the Company that it shall receive the repayment of its next First Tranche monthly instalment in September 2017 in shares, totalling 2,307,692 shares at a conversion price of 3p per share. -- Upon providing the Second Tranche, Lind will also be entitled to 7,692,308 share options, exercisable at a price 50% greater per share than the average share price for the 20 days prior to the date of award for a period of up to 40 months. 10/10 - 2,512,333 new ordinary shares ("New Ordinary Shares") @4.5p 8/11 - 5,067,242 new ordinary shares ("New Ordinary Shares") @4.5p Lind also exercised its right to convert a total of US$450,000 of the monies outstanding from the loans into shares at the re-structured conversion share price of 4.5p per share. ..., although Lind retains the exclusive right to convert outstanding debt at 4.5 pence per share at any time of their choosing whilst the debt remains outstanding. ------------------ So the points I would make are: 1. A lot of the shares were issued before the OO and since they rank pasi-passu, would have been entitled to OO allotment. 2. They MAY have offloaded a lot if not all of those in the market since, so it could well be that it was their sales to have caused the share price drift. I have done some checks on LIND over the weekend, they are renowned in their field of providing finance and MOST of their funding is often converted in to stock. There have also been times when they have ended up with over 10% stake in the companies. So, we'll find out on or after 23rd March if they have a notifiable interest as the total number of shares allotted to them should be well over 3%.
12/1/2018
15:11
rossannan: Garnhiem80CERP have now responded to my question online, confirming that the shares are Lind's to do with as they see fit at the end of the escrow period:Updated Questions to the Team General Corporate In your 11 September 2017 RNS you state that “The Company has granted Lind 17,992,308 shares, to be escrowed by Lind for at least six months from the date of issue (expected to be 23 September 2017).â€? Please confirm that at the end of the escrow period the 17,992,308 shares will be Lind’s to do with as they see fit. As confirmed in the RNS of 11 September 2017, the Company at that time had successfully re-negotiated certain terms of the Lind convertible security funding agreement which involved, amongst other changes, the granting of 17,992,308 shares to Lind to be held in escrow for at least six months. As part of this re-structuring Lind agreed to increase the conversion price for the first tranche of the loan that was outstanding from 3p per share to 4.5p per share. The Company also confirmed on 19 September 2017 that application for the above-mentioned shares, together with a further 2,307,692 shares relating to the repayment of loan due for the month of September, had been made to the London Stock Exchange and that it was expected that admission to trading and dealings in these shares would commence on 22 September 2017 (subject to the six-month escrow requirements of course). Management were very pleased with this re-negotiation which was extremely well received by the market and contributed within a month to an increase in Columbus’ share price and market cap by over 120% when compared to the share price on the day before the restructure was announced. The 17,992,308 shares currently represent approximately 2.9% of the total shares in issue at today’s date (12 January 2018). Apart from the requirement for Lind to escrow the 17,992,308 shares for at least six months, there were no other restrictions placed on Lind who are entitled to take whatever action they wish on those shares at the end of the six-month escrow period. That said, Lind maintain a very positive relationship with Columbus management and in a meeting in early December 2017 indicated that they were very pleased with the progress achieved by the Company in recent months and were very positive about the long-term potential. They also indicated that they would not take any action which would have a detrimental effect on the Company’s share price and were looking for further share price growth before they may consider taking any action on their shareholding. In addition, as mentioned in the RNS on 21 December 2017, the total debt outstanding to Lind at the end of 2017 had been reduced to approximately US$1.35 million. The Company has budgeted to meet all repayments due to Lind in 2018 in cash, although Lind retains the exclusive right to convert outstanding debt at 4.5 pence per share at any time of their choosing whilst the debt remains outstanding. Whilst Lind exercised their exclusive right in October 2017 to provide the Company with a second loan facility of US$750,000 that month (an amount which is included in the debt outstanding amount of US$1.35 million), Lind no longer have an exclusive right to provide any further funds to Columbus. To summarise, the Company is very happy with its relationship with Lind, who have been extremely supportive of the new strategy being undertaken by management, and is satisfied that Lind will act in a manner which ensures the Company’s share price is not detrimentally affected by any actions they may take in future.
12/1/2018
15:06
jcgswims: Updated Questions to the Team General Corporate In your 11 September 2017 RNS you state that “The Company has granted Lind 17,992,308 shares, to be escrowed by Lind for at least six months from the date of issue (expected to be 23 September 2017).” Please confirm that at the end of the escrow period the 17,992,308 shares will be Lind’s to do with as they see fit. As confirmed in the RNS of 11 September 2017, the Company at that time had successfully re-negotiated certain terms of the Lind convertible security funding agreement which involved, amongst other changes, the granting of 17,992,308 shares to Lind to be held in escrow for at least six months. As part of this re-structuring Lind agreed to increase the conversion price for the first tranche of the loan that was outstanding from 3p per share to 4.5p per share. The Company also confirmed on 19 September 2017 that application for the above-mentioned shares, together with a further 2,307,692 shares relating to the repayment of loan due for the month of September, had been made to the London Stock Exchange and that it was expected that admission to trading and dealings in these shares would commence on 22 September 2017 (subject to the six-month escrow requirements of course). Management were very pleased with this re-negotiation which was extremely well received by the market and contributed within a month to an increase in Columbus’ share price and market cap by over 120% when compared to the share price on the day before the restructure was announced. The 17,992,308 shares currently represent approximately 2.9% of the total shares in issue at today’s date (12 January 2018). Apart from the requirement for Lind to escrow the 17,992,308 shares for at least six months, there were no other restrictions placed on Lind who are entitled to take whatever action they wish on those shares at the end of the six-month escrow period. That said, Lind maintain a very positive relationship with Columbus management and in a meeting in early December 2017 indicated that they were very pleased with the progress achieved by the Company in recent months and were very positive about the long-term potential. They also indicated that they would not take any action which would have a detrimental effect on the Company’s share price and were looking for further share price growth before they may consider taking any action on their shareholding. In addition, as mentioned in the RNS on 21 December 2017, the total debt outstanding to Lind at the end of 2017 had been reduced to approximately US$1.35 million. The Company has budgeted to meet all repayments due to Lind in 2018 in cash, although Lind retains the exclusive right to convert outstanding debt at 4.5 pence per share at any time of their choosing whilst the debt remains outstanding. Whilst Lind exercised their exclusive right in October 2017 to provide the Company with a second loan facility of US$750,000 that month (an amount which is included in the debt outstanding amount of US$1.35 million), Lind no longer have an exclusive right to provide any further funds to Columbus. To summarise, the Company is very happy with its relationship with Lind, who have been extremely supportive of the new strategy being undertaken by management, and is satisfied that Lind will act in a manner which ensures the Company’s share price is not detrimentally affected by any actions they may take in future.
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