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Share Name Share Symbol Market Type Share ISIN Share Description
Echo Energy Plc LSE:ECHO London Ordinary Share GB00BF0YPG76 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.018 -1.8% 0.982 0.95 1.05 1.00 1.00 1.00 6,280,367 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 11.1 -15.3 -2.0 - 13

Echo Energy Share Discussion Threads

Showing 2301 to 2322 of 2325 messages
Chat Pages: 93  92  91  90  89  88  87  86  85  84  83  82  Older
DateSubjectAuthorDiscuss
14/5/2021
09:46
Echo Energy plc @echoenergyplc ยท 1h Progress on the pipeline infrastructure continues with some sections now delivered in field and installation progressing on schedule https://twitter.com/echoenergyplc/status/1393104809486598145?s=20
steelwatch
12/5/2021
20:56
Just don't mention that the fundamentals of this perpetual loss making overvalued fluff are terrible huh.
terminator101
12/5/2021
18:42
#echo. Pullback complete back to .86 support and bounce? Straight to the top trend line resistance. Break that and it's on its way. Closed above 9ma 20ma. Breakout the triangle needed. 100 ma support moving up. Rsi broke 50 positive. Macd still above zero. Watching. DYOR! https://t.co/7nRJoBCwj7
oilbuy
12/5/2021
16:31
Nice finish
oilbuy
12/5/2021
13:48
Moving on up further
oilbuy
12/5/2021
13:17
Moving on up now
oilbuy
12/5/2021
11:58
Show me the money! Cash and cash equivalents 1st Jan 2020: $1,698,012 Issue of share capital H1 2020: zero Cash and cash equivalents 30th Jun 2020: $1,164,408 , Issue of share capital H2 2020: $1,565,077 Cash and cash equivalents 30th Dec 2020: $682,159 27th July 2020 cash raise of £475,000 and 1st Dec 2020 cash raise of £700,000 make up the H2 2020 $1,565,077 issue of share capital. $533,604 of cash used in H1 2020. Followed by $2,047,326 of cash in H2 2020. That's $2,047,326 of cash in six months. That's not including VAT reclaims($92,000). Almost the whole of the 1st Dec 2020 £700,000 cash raise wiped out before 31st Dec 2020. The figures are in the final results for 2020. Luckily, a further £856,000 was raised on 22nd Dec 2020 and 74,200,000 warrants exercised at 0.3p gained Echo another £222,600 in April 2021. But the cash burn accelerated as 2020 ended as oil and gas prices increased. Would the cash burn have stopped at year end or continued well into 2021? Be careful.
helpfull
12/5/2021
11:34
That terminator troll hasn’t got a good word to say about anything
cookalot
12/5/2021
11:14
We have a broken record player in the audience
oilbuy
12/5/2021
10:43
Looks like the pump and dump is on lads. Put some effort in to sucker a few more gullible in.
terminator101
10/5/2021
18:34
I think the H1 results will give us a nice surprise if they are getting twice the price for gas than they did last time - will be getting cold in the southern part of S America about now. There is an interesting video clip on LSE about ECHO.I still think it will manage $60 mln revenue in the next 4 years.
sky24
07/5/2021
11:37
Break even by the end of 2012, hilarious. You only have to look at the waffle they come up with in the report about being positive for cash on operations to understand that they are set for another loss making year again.
terminator101
07/5/2021
08:54
Echo cannot afford to pay interest on the debt. Debt will increase by €2,000,000 every year. In 3 years time that would make it €31,000,000+. The revenues are more than matched by cost of sales and administration costs. Administration costs for H1 2020 were $1,480,136. Administration costs for yr 2020 were $3,240,934. Administration costs for H2 2020 were $1,760,798. That's a rise of 19% in administration costs from H1 to H2. These costs include BOD remuneration. They will not be coming down anytime soon. Be careful.
helpfull
07/5/2021
08:35
Strong buy tbh we are on the up turn now price target 2-3p this year would have been 2p if it wasn't for lombard shorting tbh
peterdonovan
07/5/2021
08:29
I have been trying to figure out what they may have for revenue in 2021.It's a difficult one,but I think it could be approx $15 mln,and it depends on the price of oil and gas staying up through this year. If they do that much for the next 4 years they will have brought in $60 mln,so paying the debt won't be a problem.I think they could break even by the end of 2021. At the end of 2019,debt was 29 mln,and at the end of 2020 it was 20 mln,so they are reducing it slowly.
sky24
07/5/2021
07:50
Only 20 million pounds in losses. Well that makes it ok then. Hilarious. Why did they not publish the Directors salaries in this years report? Is that because they have awarded themselves massive pay rises for such an amazing performance?
terminator101
06/5/2021
22:10
Annual Report stated in US$ so loss more like £20 m @ USD/GBP @ current exchange rate c.$1.38.
biuedolphine
06/5/2021
13:28
How can you see those accounts as good? All they do is expose the stench of this outfit and how deep the loss making goes. They are running out of cash, have put off debt to the future (so pay now and pay later) and the best waffle you have from them is something about being cash positive on sales. Hilarious. £27 million losses huh.
terminator101
06/5/2021
12:40
Agree sky and as production is opened up again with the increasing oil price this should do well.
cookalot
06/5/2021
11:43
Cash,cash,cash! I must have a faulty set of Echo Energy results for 2020 because it doesn't appear to mention the 3 cash raises during the year. 27th July 2020 £475,000 gross 1st Dec 2020 £700,000 gross 22nd Dec 2020 £856,000 gross Cash at end of June 2020 was $1,200,000. Add on the £475,000 cash raised in July 2020 at £1=$1.25 or $593,000 and that gives $1,793,000. In the Dec 1st 2020 RNS cash was given as $655,000 on 17th Nov 2020. That's a cash burn of $1,138,000 in 4.5 months. On 1st Dec 2020, £700,000 was raised and at £1=$1.35 gives $945,000. Add this to the 17th Nov 2020 cash figure of $655,000 to give $1,600,000. The year end cash figure is $682,159. A cash burn of $917,841 in 1.5 months. Where has the money gone? The shares from the 1st Dec 2020 cash raise were issued on the 4th Dec 2020 so the cash was received in 2020. The second Dec 2020 cash raise of £856,000 or about $1,155,600 might have come post year end as the shares were issued on 11th Jan 2021. Needs clarifying. But the burn rate of cash is staggering and will have gone on post year end. I thought the second cash raise in Dec 2020 was just the company " making hay while the sun shined" but the results show it was absolutely necessary. Post year end there have been monthly payments of about $42,700 to cover Echo's share of the $2,200,000 compressor loan. At the end of March 2021, £100,000 was due to be repaid as first instalment on the £1,000,000 loan. Followed by £50,000 every 3 months until £1,000,000 is due in March 2022. And isn't $250,000 due towards pipeline upgrade? Cash, cash,cash! Be careful.
helpfull
06/5/2021
09:18
These are good results - people not interpreting the information properly.
sky24
06/5/2021
07:43
What's the cash position? Two cash raises in December 2020. £1,500,000 raised. How much at year end? Too scared to look? Burning shareholder value. It's only your money. Things haven't improved much in H1 2021. Oil production still struggling. Cash is being used up rapidly. Can another cash raise be imminent? Problems, problems, problems. Be careful.
helpfull
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