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ECHO Echo Energy Plc

0.0036
0.0001 (2.86%)
Last Updated: 14:29:53
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Echo Energy Plc LSE:ECHO London Ordinary Share GB00BF0YPG76 ORD 0.0001P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0001 2.86% 0.0036 0.0034 0.0038 0.0036 0.0035 0.00 142,352,312 14:29:53
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Drilling Oil And Gas Wells 14.11M -9.59M -0.0017 0.00 194.62k
Echo Energy Plc is listed in the Drilling Oil And Gas Wells sector of the London Stock Exchange with ticker ECHO. The last closing price for Echo Energy was 0p. Over the last year, Echo Energy shares have traded in a share price range of 0.0031p to 0.03p.

Echo Energy currently has 5,560,618,550 shares in issue. The market capitalisation of Echo Energy is £194,621.65 . Echo Energy has a price to earnings ratio (PE ratio) of 0.00.

Echo Energy Share Discussion Threads

Showing 3126 to 3146 of 3450 messages
Chat Pages: Latest  126  125  124  123  122  121  120  119  118  117  116  115  Older
DateSubjectAuthorDiscuss
20/4/2023
08:54
The 100K isn't going to last too long - even if the £500K arrives in time they just about have enough for 1 month.
ohdearohdearohdear
20/4/2023
08:51
The mug punter should remember that as the market capitalisation hovers around £1 million there is €10,000,000 of bond holder debt and $19,511,235 of trade parables debt at 30 Jun 2022 (although the $19.5 million might have been reduced to about $12.5 million according to Feb 2023 update).

Be careful.

helpfull
20/4/2023
08:51
So from end of June 2022 to beginning of Jan 2023 they burned through approx 900K (150K a month)..........how???

From beginning of Jan 2023 to end of April 2023 they have burned through 1.7M (more than 400K a month)...............how???

They should be cash positive from gas sales alone..........what is going on?

ohdearohdearohdear
20/4/2023
08:45
Is the big dump coming ?
gregpeck7
20/4/2023
08:30
Hold on to those golden tickets £5 won't cut etc. Makes Swiss TONY look like an amateur.
m0rrisminor
20/4/2023
08:21
A look at the cash history.

Cash at 31 Dec 2021 : $742,339

Placing 14 Jan 2022 : £660,000

Cash at 30 Jun 2022 : $1,314,969

Placing 12 Aug 2022 : £600,000

Exercise of warrants 23 Dec 2022 : £82,977

Cash at 2 Jan 2023 : $1,100,000

Cash at 17 Apr 2023 : < £100,000

There is confusion where the upfront gross cash payment of US$1 million (US$0.7 million, net to Echo) announced on 2 Feb 2023 fits in.

Presumably after 2 Jan 2023.

4 Questions :

1. If cash was $1,300,000 at end of Jun 2022, why the cash raise in August?

2. Why did Andina exercise warrants at 0.25p instead of the prevailing share price (a 108% premium)?

3. Does the upfront payment to Echo on 2 Feb 2023 of $700,000, added to $1,100,000 on 2 Jan 2023 mean a cash spend of $1,600,000 up to 17 Apr 2023 (just over 3 months)?

4. What is the current state of the trade payables?

Be careful.

helpfull
19/4/2023
23:06
Parsons sailing close to the wind again, he needs replacing.
mebo2
19/4/2023
16:04
Lombard have another 14% to sell -
tomboyb
19/4/2023
15:59
To be fair, there were few clues. All the previous RNS's were very positive and there seemed to be an absurd disconnect between the RNS's and the share price. But more recently LO have been selling out at any cost (in PI's eyes because they wanted to crystalise a loss for tax purposes) - but the RNS of yesterday throws a sinister shade over everything. The RNS yesterday was a 180degrees opposed to the previous ones - something has happened over the last few months and LO knew about it. I wouldn't be surprised at all if the next RNS reads that the Company and its directors are being investigated.
ohdearohdearohdear
19/4/2023
15:51
The selling down by Lombard of its billion+ share holding isn't a positive.

The mug punter thinks a white knight will roll in with a rescue.

It is a race to the bottom.

Were there any clues to this debacle?

Would the mug punter have taken any notice?

Be careful.

helpfull
19/4/2023
13:46
"Parsons has yet to fail"

If you replaced "fail" with "succeed", then it will be a true statement.

ohdearohdearohdear
19/4/2023
09:15
I continue to average down. Parsons has yet to fail.

GLA LTHers!

kemche
19/4/2023
09:08
And echo keeps on giving and giving.
terminator101
18/4/2023
08:29
"In the meantime, and whilst the Company has received feedback that due to its large creditor position and Argentine macro-economic factors the raising of additional equity without a transformational transaction would likely be challenging"

The model is broken.

Cash raise after cash raise. Selling on placing shares to the mug punter.

There is a bigger player in town. Lombard.

Parsons corner shop versus the multinational, out of town hypermarket. If Parsons could issue shares for cash, he would do. Balls to the mug punter. But he cannot. A case of being hoisted by his own petard, n'est pas?

Be careful

helpfull
18/4/2023
08:06
You and Terminator101 must be racking it in on your short trades,glad someone is .
gary38
18/4/2023
07:58
"Everything’s down"

Not quite everything.

When there is only £100,000 of cash remaining, even after taking a $1,000,000 payment up front, you'd think a severe salary sacrifice would be in order.

Not these bozos. They want their pound of flesh in their bank accounts. I wonder if any bonuses have been paid?

Is Parsons the Chairman? Didn't Marco Fumagalli jump ship recently?

Any cash injection will rescue the remuneration and payoffs of the BOD.

And absolutely devastate the value of shareholder investments.

The conversion of debt to shares by LO et al, and subsequent selling, now appears very astute. Even at lower and lower prices. It will continue.

The mug punter has been warned many times.

Expect a fresh batch to appear.

Be careful.

helpfull
18/4/2023
07:11
Horror show.

Everything’s down. And not just a little, but very significantly. More worryingly there’s knack all cash left, and they are in talks for someone to inject cash. Do you think they will do that out of the goodness of their heart, or require equity at a very significant discount?

“As at 17 April 2023, the Company's UK cash balances are less than £0.1m“

terminator101
31/3/2023
22:28
Do you run the boiler rooms ? As you say the same thing on a lot of shares you comment on lol
peterdonovan
30/3/2023
22:54
Same Gary, 30 million and counting lol I can wait.
peterdonovan
30/3/2023
11:29
I have a big holding here which l am down 90%,eye watering but have no choice but to hold out here for maybe 1 or 2 years ,hopefully to get my investment back with a big of inflation on top
gary38
28/3/2023
17:30
Terminator is one off the few making money here through his short selling positions,maybe also Helpful.
gary38
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