Gasol Share Discussion Threads

[bronislav] 07/9/2012 13:09

Savo.a good read.share price seems subdued as is volume ,guessing that after consolidation we could well be on for raising of cash .The ambitious plans cannot be funded from a few quid from afgas every once in awhile ,they will need cash and plenty of it .Our chairman seems to be well connected and is tying up with the Chinese over at IMIC,he will probably mention Gasol to our oriental friends over a cup of tea,our new chairman is also experienced in raising funds so it all bodes well.once we get theses issues out of the way I can see a raft of news and contracts.

[savo2] 05/9/2012 20:08

Valuation: Still conceptual

As yet, the company is difficult to value – we will have to wait for an announcement of

an LNG project in due course to make tangible estimates. However, we note that the

strategy of leveraging its regional connections to better supply West Africa with gas is

sound and should lead to value creation in the long term. We look forward to potential

deals with interest.

[savo2] 05/9/2012 20:05

Read the link below with interest. Topping up again

[bronislav] 04/9/2012 14:09

Looking like there is to be a cash call after consolidation.price being walked down for a while now.Two excellent contract rns,s and met with a decline in share price short term not much to get excited about share price wise ,will sit back and await developments.

[bashers2] 04/9/2012 09:26

Like the sound of the company and Cornelia Meyer - sounds top draw - but there's a huge head and shoulder developed - hope it doesn't unfold!

[bronislav] 03/9/2012 18:58

Strange to see no buying on announcments .mmmmm!

[bronislav] 03/9/2012 08:18

Suprised that we haven't had more interest with the latest deals .maybe consolidation is holding this back.

[bronislav] 03/9/2012 07:32

Just another piece in the jigsaw.It is of course Difficult to put any value in monetary terms on the deals that Gasol are signing ,however not only are they getting involved in the gas supply but also in the infrastructure needed to supply the gas.get the consolidation out of the way and in a couple of years we could be sat on a decent sized company with some healthy dividends.

[daicaprice] 03/9/2012 07:23

More good news, should head north today on that.

DC

[bronislav] 31/8/2012 08:12

Although the PIB is important for Gasols long term plans it IMHO will not affect the short term LNG plans which according to the company will take little time to implement.

[gpmh1] 30/8/2012 22:54

Apparently the Nigerian Parliament returns from recess to debate the PIB (Petroleum Industry Bill) in mid-September but the chances of the PIB coming into law soon are very slim as various lawmakers will not be pressurized by President Johnaton or Oil Minister Madueke to do so.

However, when the PIB is passed into Nigerian Law (another 3 to 9 months in my view)...Gasols plans and projects will finally take off. imho.

Regards
Gpmh1

[bronislav] 30/8/2012 21:59

Funding was always going to be pivotal in Gasol moving forward.Afgas can't fund Gasol forever and to achieve their goals Gasol will need plenty of cash.After years of stagnation I feel we are about grow and grow quickly,how this will benefit us shareholders.One thing is for sure ,it's going to be an interesting future and the company's plans are not small scale but indeed quite the opposite.Bring it on.

I also believe that imic the infrastructure company headed By our former chairman will play a pivotal role in the pipe work and other related infrastructure needs.

[gjd000] 30/8/2012 21:25

Raise funds for 'our projects in the coming year'.

No missiles, rockets or any such nonsense. Just a basic change of the share structure to allow them to go to the market to raise funds for projects (plural) in the coming year.

Hopefully these projects can start to generate revenue too..... which would be nice!

[mikezen] 30/8/2012 16:15

The tea party continues......

[teraferma] 30/8/2012 12:48

PDST50 , this probably explains it.. Fundraising


The Board considers that a reorganisation of the Company's capital
structure is desirable in order to make the Company's capital structure
more manageable and to enable the Company to raise funds through
the issue of new shares. The Company's current share price is at or
around par value and the Company is prohibited from issuing new
shares at below par value. Shareholders are being sent separately a
Circular and Notice of Annual General Meeting which gives further
details on the proposed reorganisation.
At the Annual General Meeting, we also propose to seek authority to
allot shares in the Company on a non-pre-emptive basis. The Board
believes that such authority is required in order to raise new funds for
our projects in the coming year.

[pdst50] 30/8/2012 10:36

Received by email from GASOIL today anyone care to comment?
CABID: 1482/12/1 2012-08-29 13:08 (GMT) Situation: CAPITAL REORGANISATION

GASOL HAS ANNOUNCED THAT IT WILL HOLD ITS ANNUAL GENERAL MEETING ON 21 SEPTEMBER 2012. THE RESOLUTIONS TO BE PROPOSED AT THE COMPANY`S ANNUAL GENERAL MEETING INCLUDE A SHARE CONSOLIDATION. Issue Name: GASOL Security: ORD GBP0.005 Terms: CONSOLIDATION

EVERY 50 EXISTING ORDINARY SHARES OF 0.5 PENCE EACH THAT ARE IN ISSUE AS AT 5.00 P.M. ON 21 SEPTEMBER 2012 WILL BE CONSOLIDATED INTO ONE ORDINARY SHARE OF 25 PENCE EACH

-THEN-

SUBDIVISION

EACH INTERIM ORDINARY SHARE SHALL BE SUBDIVIDED AND CONVERTED INTO ONE NEW ORDINARY SHARE OF 0.5 PENCE AND ONE DEFERRED SHARE OF 24.5 PENCE. TitlesSettlement Type:GB00B068Y168GASOL ORD GBP0.005 (B068Y16)CREST
Relative Details and Dates:Please see below for expected timetable:

- If the Consolidation and Sub-division is approved, the New Ordinary Shares will be admitted to trading on AIM with ISIN GB00B826T938 and SEDOL B826T932012-09-19Latest date and time for receipt of proxy forms (10:00)2012-09-21Annual General Meeting of Gasol Plc (10:00)2012-09-21Record Date for the Consolidation and Sub-division 2012-09-24Effective time and date of the Consolidation and Sub-division and date CREST accounts credited with New ordinary shares (8:00)2012-09-24Commencement of dealings in New Ordinary Shares (8:00)2012-10-01Despatch (where applicable) of certificates for New ordinary sharesOffer Consideration:

FRACTIONAL ENTITLEMENTS: If your shareholding comprises fewer than 50 Existing Ordinary Shares, your shareholding will still be consolidated, and this will result in you no longer being a member of the Company in relation to that holding. Any shareholding of Existing Ordinary Shares which is not exactly divisible by 50 will generate an entitlement to a fraction of a New Ordinary Share. Arrangements will be put in place for any such fractional entitlements arising from the Consolidation and Sub-division to be aggregated and sold in the market on your behalf. All proceeds will be retained for the benefit of the Company. Although each ordinary shareholder will hold fewer ordinary shares than before, his or her shareholding as a proportion of the total number of ordinary shares in issue and therefore his or her ownership in the Company, will be the same before and after the Consolidation and Sub-division, subject to adjustments to reflect fractional entitlements.

Additional Information:AGM: Annual General Meeting of the company will be held on 21 September 2012 at 10.00 am at K&L Gates, One New Change, London, EC4M 9AF.

SHARE CAPITAL: As at 27 August 2012, being the latest practicable date prior to the publication of this document, the total issued share capital of the Company was GBP7,598,462.605 divided into 1,519,692,521 Existing Ordinary Shares. Following the proposed consolidation and cancellation, and subject to fractions and assuming no further issues of shares in the meantime, the issued ordinary share capital would be GBP151,969.25 comprising 30,393,851 New Ordinary Shares.

RIGHTS OF NEW SHARES: Each ordinary shareholder`s proportionate interest in the Company`s issued ordinary share capital will remain unchanged as a result of the proposed Consolidation and Sub-division.The New Ordinary Shares will continue to carry the same rights as attached to the Existing Ordinary shares.

DEFERRED SHARES: The Deferred Shares created will be effectively valueless as they will not carry any rights to vote or dividend rights. In addition, holders of Deferred Shares will only be entitled to a payment on a return of capital or on a winding up of the Company after each of the holders of New Ordinary Shares have received a payment of GBP10,000,000 on each such share. The Deferred Shares will not be listed or traded on AIM and will not be transferable without the prior written consent of the Board. No share certificates will be issued in respect of the Deferred Shares, nor will CREST accounts of shareholders be credited in respect of any entitlement to Deferred Shares. Conditional upon the passing of Resolution 10, the Company and the holders of the Deferred Shares will have the ability, subject to compliance with any legal requirements, to enter into the Repurchase Agreement whereby the holders of the Deferred Shares will agree to transfer (without receiving any payment therefor, in accordance with the rights attached to the Deferred Shares under the Articles) all of the Deferred Shares held by them to a person designated by the
Board. That designated person will then agree to the Company repurchasing all the Deferred Shares to be held by him, for one penny in aggregate and following such repurchase, all of the Deferred Shares will be cancelled. The repurchase of the Deferred Shares by the Company will be an off-market transaction in accordance with Chapter 4 of Part 18 of the Act. According to
the class rights of the Deferred Shares, any member of the Board may be designated as the person to sign a Repurchase Agreement on behalf of the holders of Deferred Shares. Resolution 10 concerns the approval by Shareholders of the Repurchase Agreement.

LISTING OF DEFERRED SHARES: The Deferred Shares shall not be listed on any stock exchange.

SHARE CERTIFICATES: If the Resolution relating to the consolidation and subdivision is passed, new share certificates representing New Ordinary Shares will be sent to Shareholders who hold shares in certificated form on or around 1 October 2012. On receipt, all ordinary share certificates previously issued can be destroyed. If you do not receive a new share certificate and you believe you are entitled to one please contact the Company`s registrars, Neville Registrars Limited, Neville House, 18 Laurel Lane, Halesowen, West Midlands B63 3DA. Shareholders who hold their entitlement to Existing Ordinary Shares in uncertificated form through CREST are expected to have their CREST accounts adjusted to reflect their entitlement to New Ordinary Shares on 24 September 2012.

REGISTRAR: Neville Registrars Ltd
Neville House
18 Laurel Lane
Halesowen
West Midlands
B63 3DA
Tel: [phone]Sequence Number:32200

[sdt7618] 29/8/2012 11:30

Guys as good as the news is, the RNS states very clearly that all investements will be made with further shares being issued. Results talk volumes and so far, not alot of results, more stock being issued, and only potential income.

Long term holder here and intend to hold for a while yet, but being realistic about how this will " fly" it will take years for the value to be realised and by then afgas or afren will have swallowed us, by default if no bought out.

[bronislav] 29/8/2012 08:38

Gjd.cannot see any rises until we get actual news of deals and progress.Thecompany is talking the talk and it all sounds good .As with all company's ,we need news and not just ,forward looking statements.That said I am still confident that we shall become a big player in west Africa and the share price will reflect this.Consolidation is not always great but company sees it as necessary.They also talk of more high profile appointments.

[gjd000] 29/8/2012 08:37

For what it's worth, I am pleased they are making the structural changes in order to be able to capitalise the business as they grow.

Always a bit of a worry on any consolidation though, especially a 50:1 shot.

[gjd000] 29/8/2012 08:21

So what's the latest news going to do to this share price then? Any opinions?

[bronislav] 28/8/2012 20:35

Website looks good ,just had a read through and am impressed.

[teraferma] 28/8/2012 18:41

I like this bit in the RNS


AfGen has had extensive negotiations on potential projects in West Africa and elsewhere, and is in advanced discussions on three LNG import projects in the region. The agreement signed today gives Gasol the option to access an existing project pipeline as opposed to developing its own projects from scratch.

Things developing nicely..

[teraferma] 28/8/2012 18:30

A new website to view, www.gasolplc.com.
From past experience always a good sign.


A lot more detail on future strategies and timeframes.

[bronislav] 28/8/2012 16:18

Flojo.i am suprised at today's volume as not too long ago millions were traded each day on no news.intraday movements are reassuring but the long term share price is more interesting to me.I don't class myself as one of those hotshot city folks who seemingly know the stock market inside out .however I have learnt that the people who run a company and their history is of vital importance to that company's future.The quality of recent appointments suggests that Gasol has great prospects,why get involved otherwise ?...for the cash and an easy ride? Possibly!.......Our new chairman carrys a lot of respect in the business community .would she risk her reputation .my opinion is she would not.

[flojo] 28/8/2012 15:22

Not many takers today Bron.