Lekoil Share Discussion Threads

[kevinroe] 01/9/2021 13:12

More red flags for not buying this Tops and afzal are in itBe careful of those 2 toerags

[kevinroe] 01/9/2021 13:07

Must be gamblers buying into this heap. At this price no oil nothing

[manual dexterity] 01/9/2021 12:36

The big sell at 0.80p was the que for a purchase. I'm surprised more was not offered online yesterday.

[manual dexterity] 01/9/2021 12:20

I took a few. Seller is now out.

[chesty1] 10/8/2021 13:57

Confirmed.....


P




&




D

[shanew48] 09/8/2021 16:37

Don't sit on the side-lines too long as once news hits you will be paying 10-15p + !

[chesty1] 09/8/2021 16:23

defo p&d imho but watching with interest!

[shanew48] 09/8/2021 16:02

Has there been a little leak regarding a imminent takeover offer? Some are mentioning that it should come in at at least 22p? presuming the companys assets are very much sought after then!

[roberts1975] 09/8/2021 14:20

Interesting watching these shares jul for no reason.Obviously a collected effort to pump it then dump it

[adrianuk] 14/7/2021 14:15

The video with Akinyanmi was excellent. I would hope Lekoil Nigeria, the holder of 60% will prevail. Looks like the biggest shareholder wants to takeover the company. Tug of war but better if Lekoil Nigeria win the battle and get full value for shareholders and stakeholders. Great assets and very much undervalued. 11m market cap is peanuts.

[ken chung] 05/7/2021 21:59

Shorters delight.Lemmings and mushrooms only.

[tomboyb] 02/7/2021 13:23

Looking pretty good -

2.4p -

[andymunchkin] 02/7/2021 11:42

Ken Chung8 Jan '21 - 12:19 - 9252 of 9298
0 0 0
Heading down.

[enewman36] 02/7/2021 11:01

Almost bagged in 2 days, what's driving this?

[tomboyb] 02/7/2021 10:48

- well up 26%

[josephrobert] 01/7/2021 18:39

Rather interesting trades published today. Good to see a LARGE sized buyer as they should know a lot more on how this is likely to play out and in what time period. With the resources, reserves and upside to both there is plenty of upside IF the situation is resolved satisfactorily for Lekoil PLC shareholders which, amongst others, clearly depends on the GoN which appeared to show its hand in an earlier RNS. GLAH.

[shujja1] 29/6/2021 10:50

Dead duck.

[josephrobert] 11/6/2021 08:13

Sounds like Lekan's poison pill to protect his ownership of his company - we thought we owned it, but looks like the suitors gave him, in his mind, little choice.

A few notes

Today's RNS ties in with the RNS of the 20th April.

Lekoil Nigeria (LN) owns everything of note. 40% is owned by the company we invest in, 60% by Lekan 33.33%, Employee Benefit Trust 20.66%, and a Director's Share Trust 6%,i.e. our ex CEO has an equity interest larger than our company.

Our company has the right for 90% of the dividends or capital returned to Lekoil Nigeria, i.e.the economic interest.

Our company cannot stop LN from following a 'particular course of action' but has 'considerable scope to prevent LN from making certain decisions'.

So LN can do nothing and it appears there may be nothing we can do about it - that said the company has being doing next to nothing for quite some time.

Looks like the newly appointed NEDs are there to resolve the Lekan issue. This I guess will take months to years.

When I saw a a video of Lekan from a few years back I thought he looked shifty, but the projects had great upside and were cheap. Guess I wasn't alone to overlook why they were so cheap. Like sludgesurfer says 'You couldn't make it up....'

[sludgesurfer] 10/6/2021 16:04

You couldn't make it up....