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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Global Energy | GED | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 14.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 14.00 |
| Top Posts |
|---|
Posted at 07/2/2017 16:35 by loverat Well, I have tried to spend a bit of time working out whether at 4.5million MC this is worth a punt on a bounce.I know the approval meeting is tomorrow so the recent fall might be in advance of that. But putting aside the fact this company have purchased a load of rust buckets, what is left over in terms of cash and the value of the assets it has. Is this share price fall an over reaction? Be aware I am more of a trader rather than an investor. In and out rather than investing in junk management. |
Posted at 18/11/2016 23:54 by anangf Dross is the right word. It is a failure of the system that retail investors can be prejudiced in this way. |
Posted at 15/11/2016 08:50 by family values HPHave you checked the age of them? No sane investor would want anything other than a return of cash. Someone with interests not aligned with those of smaller shareholders?, I think you can guess. |
Posted at 17/10/2016 12:35 by anangf They don't have the liquidity to refi with someone else. I bet this will be flipped into a term facility again. It is an utter disgrace for retail investors. The cashh should be returned to shareholders. |
Posted at 19/8/2016 11:25 by 1birddog GED on the up investors beginning to realise how cheap this isAs Simon Thompson in IC noted "However, with shareholders losing patience, the shares have drifted to such an extent that the cash pile is now almost three times the company's market value. In addition, the company owns property, plant and equipment valued at $22.3m on its balance sheet, so after deducting liabilities net asset value of $54.3m equates to £37.2m at current exchange rates, or FOUR TIMES times the company's current market value." That's cash 67p a share plus assets.Share price 28p !!!! |
Posted at 14/4/2016 21:40 by hugepants There's a bit more detail on the HKN website;FOR RELEASE: September 15, 2015 HKN Announces Bridge Loan made to Everest Hill Group, Inc. Dallas, Texas - September 15, 2015 - HKN, Inc. (OTCQB: HKNI) ("HKN" or the "Company") announced that the Company along with its affiliate Global Energy Development PLC ("Global") had extended a $10 million short-term secured loan to Everest Hill Group, Inc. ("Everest Hill"), the Company's controlling stockholder. The Company loaned $2 million of the total loan amount, and Global loaned the remaining $8 million. The principal amount of the loan is payable in full on March 15, 2016, and the loan bears interest which is payable monthly at the annual rate of 12%. The loan is secured by the pledge of 264,323 shares of the Company's common stock and 9,378,638 ordinary shares of Global owned by subsidiaries of Everest Hill. The Company currently owns approximately 35% of Global's outstanding ordinary shares. HKN, Inc. is an independent energy company engaged in the development of a well-balanced portfolio of assets in the energy industry and in the active management of its energy-based investments. Additional information may be found at the HKN Web site, www.hkninc.com. Please e-mail all investor inquiries to Investorrelations@hk |
Posted at 18/1/2016 15:25 by loobrush GED on the up investors beginning to realise how cheap this isAs Simon Thompson in IC noted last week "However, with shareholders losing patience, the shares have drifted to such an extent that the cash pile is now almost three times the company's market value. In addition, the company owns property, plant and equipment valued at $22.3m on its balance sheet, so after deducting liabilities net asset value of $54.3m equates to £37.2m at current exchange rates, or FOUR TIMES times the company's current market value." That's cash 67p a share plus assets.Share price 30p !!!! |
Posted at 22/9/2015 14:44 by norbert colon From discussions at the AGM with the rep from Jeffries who have been appointed to look for potential M&A opportunities, it was clear that they had not been given a deadline by which a deal had to be done - it was more an open ended agreement for Jeffries to try and find something suitable and at the right price. It was muted that they would hope to do some kind of deal (or return cash) within 12 months but that was not a certainty.It seemed to me the BoD were making efforts to reduce headcount and costs to ensure their ongoing costs were in hand so personally I see it as needing further patience and trust that they will either find a deal that is suitable or return the cash. On the face of it, the current valuation is a bargain. Given the concert parties, controlling shareholder, O&G sector malaise and general AIM shenanegans means investors clearly don't see this as a racing certainty although of course it very well may be. I currently hold. |
Posted at 18/9/2015 16:56 by pavey ark The best thing that a cash rich company can do when its shares are trading at a large discount is to buy its own shares.The simple arithmetic of this is utterly undeniable. If this loan goes full term ( six months) GED has made a nice short term gain on some of its cash. A much better option would be a default and they pick up $8m worth of shares at 30p a share. I don't doubt the share price would fall as aim investors see the headline of the default, panic and sell. What's new ? This scenario hardly makes the share less attractive to reasoned and reasonable investors. |
Posted at 17/9/2015 14:59 by pavey ark Back in the real world: if Everest defaulted on this debt it would be very good news for all sensible holders.I have no doubt whatsoever that this management would jump at the chance to buy $8m worth of shares at the current prices but if they tried the share price would simply rise as they bought. If the company managed to get hold of these shares as a result of Everest defaulting AND the share price fell it would only be as a result of private investors not understanding what is going on and would make an attractive share look even more attractive. |
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