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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Diversified Gas & Oil Plc | LSE:DGOC | London | Ordinary Share | GB00BYX7JT74 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 120.80 | 120.20 | 120.40 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
16/6/2017 07:09 | Not read the terms of it, but do they plan to pay it down early, with cashflow? 77/81, and wonder if this deal puts to bed that lingering "why did they list here & not in the US" doubt. Will have been some solid DD done on them. | spectoacc | |
16/6/2017 07:04 | Given their super low production costs, I imagine they felt the operational gearing would be a positive. I agree though, it's a ball breaking rate for most businesses. | crazycoops | |
16/6/2017 06:58 | Yes, surprised they didn't raise more in equity, with more available. | spectoacc | |
16/6/2017 06:34 | Libor +8.25%. That's a real ball breaker. I just hope they've done their sums! | lord gnome | |
16/6/2017 06:33 | "...Heavily oversubscribed.." at 70p, a very good sign - surely going to come out of suspension this morning at north of that. | spectoacc | |
15/6/2017 07:31 | Indeed, it does look to be a good deal all round. A placing at 70p is impressive. I can't find out how much the debt is costing. Have I missed something? High single digit was the last thing I noticed. One minor pedantic point Speccy, the divi is approx 1.56p (given whatever exchange rate you choose to apply). | lord gnome | |
15/6/2017 06:17 | Suspension being lifted tomorrow morning, money raised at 70p, impressive. Borrowing $110m so increasingly operationally geared, but for our profits that's no bad thing. Edit - and a 2p divi soon. Much as I like divis, I'd prob rather they paid down relatively expensive debt instead. | spectoacc | |
13/6/2017 07:15 | Interesting, thanks. | spectoacc | |
12/6/2017 21:43 | A good write-up indeed. Most encouraging. Cash waiting to add a few more if I can get some at a sensible price when trading starts again. | lord gnome | |
12/6/2017 18:15 | IC tipped DGOC again today despite the shares still being suspended, pending to purported imminent trading in the very near future.DGOC are undergoing a reverse takeover and IC have reported that the fundraising appears to have been well received.Forward yield 8.7% implying a 101p valuation (Mirabaud) | bluerunner | |
08/6/2017 13:06 | With the Qatar crisis potentially affecting gas prices, might this provide further upside here when trading recommended later this month? | bluerunner | |
06/6/2017 16:22 | ML buying when the shares are suspended! Is that allowed? | crazycoops | |
19/5/2017 16:49 | ...... I meant new news (ie more recent than the reverse takeover). | bluerunner | |
19/5/2017 09:58 | Diversified Gas & Oil to buy assets from Titan Energy By Michele Maatouk Date: Friday 05 May 2017 LONDON (ShareCast) - (ShareCast News) - AIM-listed Diversified Gas & Oil has entered into a conditional sale and purchase agreement to buy certain gas and oil assets of Titan Energy in the Appalachian Basin, principally the states of Ohio, Pennsylvania, southern New York and northeast Tennessee, for a cash consideration of $84.2m. The company said this would be a "transformational acquisition" that would increase its gross oil and gas production to around 18,300 barrels of oil equivalent per day and its proved developed producing reserves by around 36.7 mmboe to 60.5 mmboe. It added that the new wells would be immediately accretive to earnings. It said the cash consideration would be funded through a new term debt facility and a proposed placing of new ordinary shares raising at least $20m. The deal constitutes a reverse takeover under AIM rules and as a result, trading in the company's ordinary shares has been suspended. Chief executive officer Rusty Hutson said: "This transformational deal for DGO will materially increase the scale of our portfolio within the Appalachian Basin, taking up further acreage in the states of Ohio and Pennsylvania and entering southern New York and northeast Tennessee. The proposed transaction highlights the strength of our business model in that we are able to acquire complementary assets in a proven, stable and low-risk environment at compelling valuation metrics. "We believe that this deal will deliver significant benefits to our shareholders in the form of increased cash flow, proven developed reserves and acreage for future development opportunities whilst also supporting our dividend policy and enabling us to consider additional opportunities that we see within our region of focus." | bandit99 | |
18/5/2017 19:20 | That level of interest is on a par with a loan extension arrangement a Company (floated on the Nasdaq) I am close to also has.I don't think it is out of the ordinary.It would be useful to get some news here, however. | bluerunner | |
17/5/2017 07:22 | IC have moved to a "Hold" whilst awaiting the admission doc. Also noted the $110m borrowing would be at "high single digit" interest rate. | spectoacc | |
05/5/2017 09:43 | Interesting development. This can only be a good thing, surely? | jq1984 | |
05/5/2017 08:46 | Looks really positive, but my only concern is - this isn't necessarily what we bought into. I'd like to look more at the additional debt/covenants. | spectoacc | |
05/5/2017 08:13 | Looks like a bit of a wait until we resume trading and discover what the market thinks. At first glance this does indeed look to be a transformational deal and the reaction should be positive. | lord gnome | |
05/5/2017 06:51 | Suspended ahead of large acquisition - they don't hang around! Reads well from a glance, immediately earnings-enhancing if it goes through. | spectoacc | |
14/3/2017 15:16 | Oil down, DGOC up - looking forward to next acquisition news. | spectoacc | |
09/3/2017 08:20 | Greetings Wheelie. I don't often see you posting over here on the dark side. Have you lost your way? :-) | lord gnome | |
08/3/2017 21:43 | Hi crazycoops - huge thanks for sticking link to my scribble on here. I get the feeling I know you guys and I defo know GoStevie and the great Lord Gnome ;-) Finger well and truly crushed for us all !! See you in TwitterWorld, WD | thewheeliedealer | |
08/3/2017 10:24 | Good initial article from Wheelie Dealer yesterday (private investor blog) | crazycoops | |
08/3/2017 08:42 | Just added at 66.25p. It showed up as a sell (that really bugs me).Previously bought in at 55p and can see these doing well over the next 18 months. | bluerunner |
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