Hurricane Energy Share Discussion Threads

[bountyhunter] 12/5/2017 13:38

probably because of some share dilution (with the exercise price under each of the Warrants at 95% of the volume weighted average price of the Ordinary Shares, calculated over the trading day prior to exercise) and also no farmout deal (yet); if a major such as BP was involved at reasonable terms the risks would be seen to be lower than going it alone imho; don't get me wrong though I'm very happy to continue to hold here and the rewards could be higher if HUR does end up going it alone

from today's RNSs a farmout at some point is still a possibility however..."The Company is considering a range of financing options for the EPS phase of the Lancaster development and currently intends to finance the EPS via a combination of some or all of the following options: equity, deferred vendor finance, debt and debt-related securities and farmout."

[davidblack] 12/5/2017 13:27

Here is a question for the brighter people here.

Why did we go down on the RNS this morning.

A handy placing on a 5% discount seems like a reason to go up not down?

[terry hardacre] 12/5/2017 13:04

And a 20% spread on the share price! I don't think so, thanks, Bam Bam

[boom boom bang bang] 12/5/2017 12:59

UP 500%

lOOK AT THE CONTRACT AT MCAP

20p ON mODAY


UniVision Engineering Ltd Contract win

12/05/2017 11:56am
UK Regulatory (RNS & others)

Univision Engineering (LSE:UVEL)
Intraday Stock Chart
Today : Friday 12 May 2017

Click Here for more Univision Engineering Charts.
TIDMUVEL

RNS Number : 0166F

UniVision Engineering Ltd

12 May 2017

12 May 2017

UniVision Engineering Limited

("UniVision", the "Company" or the "Group")

Contract win

UniVision, the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed circuit television and surveillance systems, and the sale of security related products, is delighted to announce that it has been awarded a major contract by MTR Corporation Limited in Hong Kong.("MTR Corporation").

The contract provides the for the replacement works of the Closed Circuit Television (CCTV) systems for Island Line (ISL), Kwun Tong Line (KTL), Tsuen Wan Line (TWL) ), Tseung Kwan O Line (TKL), Airport Express (AEL), Tung Chung Line (TCL), Disneyland Resort Line (DRL), East Rail Line (EAL), Ma On Shan Line (MOL), West Rail Line (WRL) and 22 stops of Light Rail (LRL), and the provision of new CCTVs for 47 stops of LRL.

The existing analogue CCTV system installed in the stations along ISL, KTL, TWL, TKL, AEL, TCL, DRL, EAL, MOL and WRL and the Internet Protocol (IP) CCTV system installed at 22 stops in LRL will be replaced with a unified IP-based CCTV system.

The total value of the Contract awarded is HK$389.4m (GBP38.1m).

The Contract commences immediately and the completion date for the replacement works is anticipated to be in November 2023.

[sheep_herder] 12/5/2017 12:29

I think the latest RNS just adds to the conviction that both Stobie and Trice have shown in the recent interviews and presentations. They really are forcing the EPS through and not allowing anyone else to stall them. All very exciting.

[stevenlondon3] 12/5/2017 12:22

Impressed by Hurricane's financial competence.With Stifel only appointed in February they will be keen to do a good job and probably have a number of institutions already lined up to buy the warrants/shares. Would not be surprised to see an RNS on Monday confirming the placing.

[laserdisc] 12/5/2017 11:56

gibso I added a few at 61p this morning I still have some cash avail in case they do another oo, each to their own on what they decide, we have had quite a strong book recently,brokers will have anticipated what position to take could be all in the price by now, I follow the trend am longterm holder and believe in management good luck all

[gibso6767] 12/5/2017 11:49

STRANGER ,STRANGER RHYMES WITH DANGER ,OR COMPLETE BELLEND ,IGNORE THESE NASTY BITS OF WORK ,DONT START A CONVERSATION OR RESPOND ,THE IRONY OF THIS POST ISNT MISSED ON ME EITHER

[bloodhound] 12/5/2017 11:41

So Stifel has been issued with the 25M warrants. These warrants haven't been exercised yet and the exercise price is 95% VWA price on the previous days trading price. Looks like our seller/shorter's are working hard to get share price down prior to excise to me.

BH

[bloodhound] 12/5/2017 11:15

"FSA Do you hold HUR shares"

No but he's sold some of ours with his short position (spit!).

BH

[fireplace22] 12/5/2017 11:14

Sure they can get a waiver on the 29% rule if all parties agree.

[gary38] 12/5/2017 11:10

FsaDo you hold HUR shares.

[adam] 12/5/2017 10:44

Hiddendepths. Also lots and lots of drilling on AMER which I like. I really like JW who I did bump into at an AGM.

[garymegson] 12/5/2017 10:16

Hurricane Energy
Results today which are even more immaterial than ever and a clever warrant issue that bolsters working capital at a time when, with plans for the EPS going full steam ahead, big ticket, long lead, items can be ordered. No figures have been changed since the recent Capital Markets Day and the FID, EPS and first oil for 2019 are still on track. This warrant issue is pretty smart, with the company in the throes of the more substantial development finance package it gives them a modest amount of money with little or no hassle. The CFO has provided the company with the flexibility it needs and an innovative solution such as this means that all boxes can be ticked, all options for financing remain open and value has been preserved. That value is still immense and HUR remains as good an exploration company as you will find in the UKCS and certainly in the oil and gas sector.

[hiddendepths] 12/5/2017 10:09

Can't argue with that, adam, and thanks for being honest about the sell. I wish more people would post up what they've done. I have AMER (and SDX) too and am thinking of adding to both positions but I have far, far more in HUR.

FWIW I think that a farm-out under really good terms is quite a lot more likely now that a shortage of immediate money is not going to delay the EPS.

[value king] 12/5/2017 10:02

I've topped up a few more today. Been a great share to hold and the chart continues its trend.

[davidblack] 12/5/2017 10:01

Actually this may be a very cunning way to sort out the eps placing.

The broker assuming he is going his job well may well get interest in say 100m shares from IIs.

If that happens I think the company will just up the 25m warrants deal to match and bank the day £60m paying a 5% discount this time rather than the 14% we had last.

[gary38] 12/5/2017 10:00

MMs tree shake trying to scare investors to part with their shares to fill their big clients orders.

[adam] 12/5/2017 09:50

I have sold 10% as I think the placing (effectively what the short warrants are) implies a farm-in or buyout marginally less likely. Still have a large holding. Also wanted to buy more AMER.

[davidblack] 12/5/2017 09:46

I think the broker has a couple buyers who want stick but want their money going to the company's bank account rather than CAs pocket.

25m is only four days trading so it's a bit small for this to be anything other than finding a way to get a couple of friendly institutions on board and tucking away a little bit of cash.

Plus it keeps the possible partners on their toes knowing Hurricane can be creative.

[gary38] 12/5/2017 09:46

MMs tree shake .

[rainbow23] 12/5/2017 09:44

If todays RNS is good news, why are there so many sellers and few buyers.