Share Name Share Symbol Market Type Share ISIN Share Description
Hurricane Energy LSE:HUR London Ordinary Share GB00B580MF54 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +0.83% 30.25p 30.00p 30.25p 30.50p 30.00p 30.00p 2,038,580 11:30:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -4.7 0.1 432.1 592.66

Hurricane Energy Share Discussion Threads

Showing 27001 to 27025 of 27025 messages
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DateSubjectAuthorDiscuss
28/7/2017
11:50
From Macgee on LSE; Status of the Aoka Mizu Left gdansk last night, on tow unmanned, calling into Rotterdam for turret plate to be fitted , then off to Dybia, 4 week tow
fireplace22
28/7/2017
11:32
Hi all, By way of update, I've followed up on yesterday's enquiry (no reply yet) with 2 further 'asks' : - Pelham's new holding of 6.22% of enlarged capital means that they took up 16.7% of the offer. Where/to whom have the other 83% = 609 million shares gone ? - the AIM Rule 26 disclosure on their website is (a) stale and (b) in any event, inaccurate. Pls amend. I've also used this poor PR / reporting as a small illustration of several other posters' recent observations that HUR needs to beef up its human resources. ATB
extrader
28/7/2017
11:10
anley, there's no way I could know that. I think they bought into the mega resource story and are here for the long term, wherever that takes them. If you hear that they have been selling you'll know its time to get your coat!
jacks13
28/7/2017
09:36
Extrader, just to complicate if an institution (or Kerogen) have the convertibles they may be hedging and those operations could effect their declarable overall holding. - Or so I've read.
fireplace22
28/7/2017
09:30
Hi Rayrac, You're quite right, of course .......only occurred to me after my post ;-> In self-defence, I'm somewhat old-school (not to say 'old'-fashioned) and try to keep with manageable numbers eg reminding myself that a casual 1 billion is 1,000 x million....and knocking off the last 000's when looking at balance sheets. ATB PS No reply yet from HUR/Stobie to my Q re actual Kerogen holding (no + %age)
extrader
28/7/2017
09:17
Thanks for that JACKS..........so what would they expect as a return on the substantial capital they have put into the business?? Would they be satisfied with 50p and if so then 30p is a very attractive price to pay...but not for long.
anley
27/7/2017
22:33
Extrader, what's wrong with an online calculator? Limitless digits.
rayrac
27/7/2017
20:51
Hi jacks13/anley, Latest : per Offer Circular 'up to' another 85,309,258 @ 32p. Which would then give a max. of 440,718,248 @ 25.6p ave. E & OE ! HTH
extrader
27/7/2017
18:28
anley: Kerogen May 2106 rns 293,911,931@ 15p Oct 2016 placing 61,497,059@ 34p Total prior to recent placing 355,408,990 @18p ave. Latest: don't know
jacks13
27/7/2017
17:45
So over 50%+ is now controlled by institutions.......and Kerogen have directors on the board and thus control the business. For Kerogan, basically an overseas investor, they will need someone to make a bid at some time in the future...............but at what price and when? So at what price have they bought in..........I ask as I have little time to do the research as I am about to go into hospital for a hand/finger operation.
anley
27/7/2017
16:02
Yes its been said that CA have increased recently by about 10M shares. Regardless I think Kerogens stake will have changed sufficiently from the placing to warrant an RNS.
fireplace22
27/7/2017
15:42
Hi fireplace22, The 355,408,990 figure was taken from HUR's website AIM 26 disclosure : Kerogen Investments No. 18 Limited 355,408,990 28.94% Crystal Amber Fund Limited 148,714,088 12.11% Netherton Investments Limited 37,818,511 3.08% (which I see is where I got the - incorrect ? - 28.94% from......doh !) HUR's website fig. for Netherton, ties in with the 26/7 RNS; however, the CA 26/7 RNS shows 157,312,500......but their 8.03% DOES agree with the total shares now in issue. Now I'm really confused ! ATB
extrader
27/7/2017
15:31
they may have topped up from the market to keep their holding at just under 30%
wessexmario
27/7/2017
15:09
Last holding RNS for Kerogen I can find stated 29% at 294M Shares? But that was May last year. So somethings askew?
fireplace22
27/7/2017
15:08
Hi stepone and BH, Thanks for checking ! 24.8....% it is (was). So only a 2.5% drop in overall holding, it would seem. Still declarable, though, I would have thought. ATB
extrader
27/7/2017
15:01
24.8706794% - (But I don't have a Degree, so could be Miles/Km out!). BH;-)
bloodhound
27/7/2017
15:00
Hi fireplace22, I think you're right ! And if the convertibles WERE turned into equity (at HUR's discretion, IIRC ?), then unless Kerogen had a seriously disproportionate conv holding, they wouldn't be at risk of breaching the 'mandatory takeover' threshold, would they, because the denominator would rise as well.... Hmmm... ATB
extrader
27/7/2017
14:52
Extrader - Think your first calculation is out. Using your share numbers, I get 24.9%, not 28.94%. Your 'after' percentage, I agree with (if your share numbers are correct).
stepone68
27/7/2017
14:45
If they did take up the cons I can't see them being used in holding calculations that's pretty specfic to the % holding of ordinary equity I'd guess.
fireplace22
27/7/2017
13:52
Hi fireplace22, Thanks for this, I've done a check. AIUI , Kerogen had 305,408,990 of 1,227,988,123 shares ie 28.94% and added 85,309,258, giving them a new holding of 440,718,248 out of an increase in sharecap of 731,222,213 new ie 1,959,210,336, giving a new shareholding of approx. 22.49 % 'Approx' because my calculator can't cope with so many digits...;-<<br /> I'd be grateful if someone would confirm my numbers. Anyway, I've fired off a query to HUR, let's see what they say. Interesting.....! Did Kerogen take up/ are they including any convertibles (in their own 'threshold management' calculations)? ATB
extrader
27/7/2017
13:16
They had close on 30% beforehand and they only took about 12% of the placing shares so their % share has dropped considerably. I reckon they have 23% now.
fireplace22
27/7/2017
13:00
Hi fireplace 22, If they increased their shareholding by an amount that didn't change their %age shareholding in the enlarged capital by a whole percent , they wouldn't have crossed a threshold, would be my guess. If you have the numbers, it should be possible to check if this is the case. ATB
extrader
27/7/2017
12:42
We know Kerogen at least increased their holding (share number wise) so why nothing from them?
fireplace22
27/7/2017
12:30
Hi all, Faintly surprised we've only seen 2 'holdings' RNS's to date, a new holding (Pelham - 6% or so) and Crystal Amber (post-dilution threshold crossing). Aren't all 3%+ holdings supposed to be declared promptly ? From the FCA Handbook : ... A person must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights: (1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within DTR 5.3.1 R ; or.... with requirement for prompt notification (5.8.3) ... The notification to the issuer shall be effected as soon as possible, but not later than four trading days in the case of a non-UK issuer and two trading days in all other cases , after the date on which the relevant person: (1) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect; or... New shares were admitted on Monday 24th; new shareholders will have been aware of their holdings at that time; HUR is a UK issuer. Are all new holdings (bar Pelham's) sub 3 % ? As Private Eye might say : I think we should be told ! ATB
extrader
27/7/2017
12:12
Yes but there are sufficient people now on decent company pensions that we can look at reducing the overall state pension spend. The method I described (Thatchers) could be implemented now - triple lock goes! Vote loser obviously though. I don't disagree with removal of the triple lock - another blatant bribery attempt by Cameron. But I doubt you are correct about the state, or extent, of company pensions. I would think that the trend has firmly reversed since Thatchers time. There are very few final salary pensions left - many employers used the closure of final salary pensions as an excuse to reduce their regular contributions to employee's pensions. There are an increasing number if people on zero hours contracts, in the gig economy or whatever who mostly have very poor private pension provision (none in most cases). BH is right that the system now coming in, finally, will help - but not for years. We seem to have got a little OT for Hurricane! But perhaps that just reflects the fact that there is little near term news flow expected. Peter
greyingsurfer
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