ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

ECHO Echo Energy Plc

0.0042
-0.0001 (-2.33%)
18 Apr 2024 - Closed
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 Shares Traded Last Trade
  -0.0001 -2.33% 0.0042 137,423,897 09:52:36
Bid Price Offer Price High Price Low Price Open Price
0.004 0.0044 0.0043 0.0042 0.0043
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Drilling Oil And Gas Wells USD 14.11M USD -9.59M USD -0.0017 0.00
Last Trade Time Trade Type Trade Size Trade Price Currency
16:22:53 O 50,000,000 0.004 GBX

Echo Energy (ECHO) Latest News

Echo Energy (ECHO) Discussions and Chat

Echo Energy (ECHO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-18 15:22:540.0050,000,0002,000.00O
2024-04-18 15:20:080.002,130,11885.63O
2024-04-18 12:06:540.00113,6365.00O
2024-04-18 11:39:070.004,477,380188.05O
2024-04-18 08:37:590.006,259,285262.89O

Echo Energy (ECHO) Top Chat Posts

Top Posts
Posted at 18/4/2024 09:20 by Echo Energy Daily Update
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.
Echo Energy currently has 5,560,618,550 shares in issue. The market capitalisation of Echo Energy is £0.
Echo Energy has a price to earnings ratio (PE ratio) of 0.00.
This morning ECHO shares opened at 0p
Posted at 09/4/2024 12:43 by fenseal3
I can buy a tin of beans, the mm's have killed this share, i can sell for a tin of beans

Yet the CEO is on 150k a year, laughing, and reporting
Posted at 29/2/2024 08:28 by aspect100
There is a lot of posters trying to talk this down on the boards.They don't seem to have figured out that this is a change of direction for ECHO,and they are most likely planning to buy some higher quality assets - and it can't be done instantly.

This new approach is going to pay off very nicely for investors,and this is one of the few small oil & gas companies,that I have placed a fair amount of cash,with over 320 Mln shares.

I expect a big profit from this in the medium to long term.

There are some posters that should be ignored.
Posted at 19/2/2024 11:45 by helpfull
What is happening with Echo Energy?

All these billions of shares traded daily.

Washing machine trading.

The management have got the funds to pay their remuneration by tripling the amount of shares in issue.

They still have €10,000,000 of debt as well as a £1,000,000 loan.

Mug punters look in the washing machine window and see suds.

The bubbles and froth keep them happy.

But eventually the washing machine will be allowed to drain.

They deserve what is coming to them.

Be careful.
Posted at 01/2/2024 12:01 by helpfull
Dear Mug Punter,

The loan notes carry a 92% coupon and a 5% fee.

If any loan note shares are remaining they can be sold at profit just below 0.004p.

Management did a £250,000 cash raise (£232,279) because the brokers couldn't believe the froth (another word for mugs) in the market. These share can be sold at profit at 0.0042p.

The recent 50%+ dilution suggests an eventual share price of about 0.0025p.

The £250,000 raised barely covers one third of the usual management remuneration.

It's nice having 100,000,000 shares.

But not so easy to sell.

The froth has just about blown away and a brown stain awaits. Smelly.

Muggins.

Be careful.
Posted at 29/1/2024 08:11 by ohdearohdearohdear
Famous chartist Zak Mir yesterday..............

"Echo Energy (ECHO) resumed its recent recovery in the wake of last month’s debt restructuring news, and the previous month’s new CEO news. It would appear that the turnaround does have legs here, and that above 0.1p – old December support, the shares could push ahead to the 0.25p zone in coming weeks."

Does anybody still doubt that charts are nothing more than a trailing indicator ;-)
Posted at 26/1/2024 12:42 by helpfull
They're going to hold the share price at twice the 0.0045p issue price for as long as possible for the 100% profit.

But don't try to sell.

You've been mugged.

Accept your fate.

You are only one of many.

Be careful.
Posted at 06/10/2023 08:43 by gary38
So far this week the price has dropped from 0.028 to 0.013 = down 0.015 maybe fi ishong at 0.010,a drop of 0.018,which could point that next week that Echo energy share price will be 0.000.:----------------------What happens if the stock price of a company drops to zero?If the stock price of a company drops to zero, it means the company is effectively bankrupt and has no value. Shareholders will lose all of their investment in the company. The company's assets will likely be liquidated and distributed among its creditors.
Posted at 30/9/2023 12:45 by helpfull
Companies are run for the benefit of shareholders.

Since Echo Energy were blessed with Martin Hull as CEO in 2018 he has received in remuneration:

2018 $156,383
2019 $389,617
2020 $708,724
2021 $423,704
2022 $343,790

Parsons, as Chairman, has received in remuneration:

2018 $101,107
2019 $185,677
2020 $84,210
2021 $110,304
2022 $92,672

That's $2,596,188.

That's over £2,100,000 between them.

There are still bonuses that have been awarded to Martin Hull that have to be paid when Echo Energy has the money.

You don't get such high quality executives without splashing the cash.

Shareholders have a lot to be thankful for.

These two high class executives have delivered a share price performance from around 10-15p a share to 0.028p per share.

Where has all the money gone?

Be careful.
Posted at 10/3/2023 07:46 by helpfull
There are two methods to get the mug punter to invest.

The first is to dump millions upon millions of shares and the share price crashes and the mug punter is attracted by low prices. Thinking there is a bargain to be had.

The second is to raise prices for no apparent reason. The mug punter sees the price rise and is attracted by the fear of missing out. Thinks something is happening (at last) behind the scenes. And there is a bargain to be had.

Both methods are used to remove cash from the pockets of the mug punter and sell the shares. It is, after all, a market. The mug punter is likely to hold the shares and lose more cash by averaging down.

Be aware that there were over 3 billion share issued at Echo in exchange for some of the debt. Those shares are being sold. Lombard sold about 65,000,000 in the last 3 weeks. They have 1,000,000,000+ they are likely to sell. But there are other (billions of) shares.

Echo Energy still have millions of pounds of debt. The share price is likely to resume its fall under the weight of shares for sale. The mug punter is the only game in town.

Be careful.
Posted at 17/2/2023 15:34 by helpfull
Wow!

Lombard down from 21.96% to 20.92%.

That's 1,221,253,877 shares down to 1,163,753,877 shares.

A drop of 57,500,000 shares.

And look what it has done to the Echo share price. Can the share price withstand Lombard selling out completely?

Of course there are other people with shares to sell. Lombard was only €5,000,000 of the debt converted. There was another €10,000,000 converted to shares.

How low can this go?

The selling by Lombard et al is a sure signal to potential investors.

Be careful.
Echo Energy share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock