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Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Keystone LSE:GKP London Ordinary Share BMG4209G2077 COM SHS USD1.00 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.50p +0.60% 251.50p 252.00p 252.50p 255.00p 246.50p 250.00p 1,032,916 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 196.5 62.5 27.3 9.4 577.02

Gulf Keystone Share Discussion Threads

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DateSubjectAuthorDiscuss
14/10/2016
09:30
They're probably expecting a takeover No doubt there'd be no objections from the KRG this time, they get to bury the history, write off the money they owe and keep their %. What's not to like? Pie in the sky figures won't happen though and most shareholders won't make their money back IMO. Note holders and KRG will do well.
cutthecagain
14/10/2016
09:30
Agree dean.
gkphero
14/10/2016
09:30
There is no loss. Even at 0.5p, noteholders are getting triple what they would have got selling their bonds.
doshdabbler
14/10/2016
09:29
forget about the selling bit...it's been restructured for a sale....end of
deanroberthunt
14/10/2016
09:29
indeed, GKP won't be here in 6-9 months time, it'll have been taken over.
deanroberthunt
14/10/2016
09:28
Yes dean, that is the only "out" for the bondholders. Selling 21 billion shares on the open market isn't going to work.
gkphero
14/10/2016
09:28
dean, the bondholders won't be able to sell many at 1.1p without crashing the share price below the strike price of 0.83p. They will then be selling at a loss.
gkphero
14/10/2016
09:27
over 1.1p, DNO had already offered 1p
deanroberthunt
14/10/2016
09:27
they'd take a bid.
deanroberthunt
14/10/2016
09:26
cut, so how are the bondholders going to get out without taking another huge loss? There is no way that they can dump 21 billion share onto this market, with a current share price of 1.1p.
gkphero
14/10/2016
09:25
Yes, Zac is correct in that there may be a bid. But those who own 66% of the equity ( ormer bondholders) will be "in the money" at 1.1p or better. Any predator would have no need to offer much more than that to get its offer across the line. Moreover the bond holders are not penny stock investors and as such they will sell any shares they can at more than 1.1p to reduce their exposure while gettting out at a profit. That natural arb will see the shares melt down. And that is why Zac is being far too charitable on this occassion although his fundamental valuation range, IMHO, is not far wrong.
deanroberthunt
14/10/2016
09:22
if you can't add up you'll never make any money
deanroberthunt
14/10/2016
09:22
Shareholders have pretty much covered KRG's debt IMO KRG keep their % of Shaikan though right? Do you think they'll suddenly play fair in coming weeks/months/years? What happened to Hawrami's Mrs and her 250 million?
cutthecagain
14/10/2016
09:21
Total shares in issue = c. 23 billion. Senior bond holders own 65% = c. 15 billion. Senior bond holders converted $150 million (ignoring outstanding coupon)= c. 1c per share / 1.21 $=£ = c.83p break even. ($100 million of original €250 million converted to new bonds.)
willoicc
14/10/2016
09:20
From LSE - The Bondholders Today 08:57 have had to take the poison pill and swap the debt for equity at just under 1p, they have lost far more than me on this one, they will be looking to try and make up some of thier lost millions, they might sell out at .8p somehow i doubt it, they will be praying for a turnround in the SP, like most of the current Share holders, its now in the hands of the BOD and MNR to turn this ship around, looking forward to the 55,0000BPD update, GLA LTH back to the dark side.
gkphero
14/10/2016
09:20
the total number of shares in issue x the share price = mcap mcap is the valuation the market deems is reasonable given the balance sheet and prospects of the assets at this juncture alles klar
deanroberthunt
14/10/2016
09:19
they're not making much with a b/e of 1.1p
deanroberthunt
14/10/2016
09:19
Surely any current holders could sell now and buyback once the OO shares are tradable as we will go below 1p for sure. Why would people be buying now?
1302sb
14/10/2016
09:19
Explain dean?
gkphero
14/10/2016
09:18
23 billion shares and they still have $100m debt. What a deal. Expecting lower than 0.83p as noteholders grab whatever they can get. They've made a tidy sum from shorting already, so they won't care at what price.
doshdabbler
14/10/2016
09:18
it's called arithmetic dear boy
deanroberthunt
14/10/2016
09:16
there's 23 billion shares in issue at GKP, that's a fact, a fact you can't deny whatever happened to, Leon Trotsky
deanroberthunt
14/10/2016
09:16
"My impression was that everyone wanted more than 1p." Everybody wants more, but markets can be fickle and if there is rush for a quick exit, then it can quickly become a stampede.
lobo
14/10/2016
09:16
Who's taken the poison pill?
gkphero
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