Leyshon Energy Share Discussion Threads

[socktrade1] 16/6/2014 09:42

but its not impossible.. this has gone over 12p on well 5 results alone...

[proactivest] 16/6/2014 09:41

Video Interview

The managing director of Leyshon Energy (LON:LEN) Paul Atherley, reveals more of his strategy for his recently demerged company focused on the Chinese energy market.

[socktrade1] 16/6/2014 09:40

sos100 just read your post was directed at golden.. i agree with you sos that 12p pre results is highly unlikely but post results easily achievable

[socktrade1] 16/6/2014 09:39

sos100, when i said 12p i meant post results not pre... its not too much actually, 12p= market cp of £30m, we have gone over this before and there has been no dilution since... if the well progamme is successful then 12p is probable, infact its conservative, i agree pre results its not possible imo, the most we could hope for is 7p but im waiting until we get the results and start drilling well 8

[sos100] 16/6/2014 09:34

12p is a little too much at this stage but mc is only 12m and cash balance is above this, not to mention the asset which is not fully explored..

rise to 7p is surely not too unrealistic?

[goldenfish2010] 16/6/2014 09:29

The new Board gave that confidence market was expecting to see.

IMHO share price will get back to around 12p before some concrete news on the appraisal programme are out.

[cricklewood] 16/6/2014 09:28

How do u Know its a steal ??

[socktrade1] 16/6/2014 09:27

golden spot on... still time to buy my average is around 7.75p and i think thats a bargain.. so anyone getting in now is a steal

[goldenfish2010] 16/6/2014 09:23

The most important thing is that the company is indeed going to explore the asset. They are very positive of the value of the asset.

Cash stands at 6p.

Some buy backs will also going to help share price regain the lost ground.

I am afraid many small PIs got it wrong. The co is kicking on all cylinders now! New Board is experienced and they have taken over the technical aspects.

Still time to buy in. Actually IMHO current share price is a gift to newcomers.

[sos100] 16/6/2014 08:42

starting to look good.

steady rise to 6p

[the millipede] 15/6/2014 18:44

RVSY - I do find your comments of interest. Thank you very much for posting them and I take your point about the buy back and a sliding share price. I can see the rationale and hope that small investors have, in general, been cheered up by the AGM.

My only concern is.... oh I shall leave it.... let's just enjoy starting to feel good about Leyshon again and hope it lasts!:-)

[oscar kilo] 14/6/2014 23:19

Thanks as well RVSY 38. The share price has slumped too far and putting in a floor with a small buy back makes sense. Seems like a positive vibe is emanating from the AGM, and that appears to be currently impacting the share price Adding the prospects of news flow near term may see the share price recover significantly over the next few weeks.

[rvsy38] 14/6/2014 20:16

The Millipede

Like yourself I missed the AGM as I was on a flight back to London on Thursday.

However I read the Chairman's statement and PAs presentation and yesterday evening I met up with a friend who had been at the meeting and who has a good understanding of O & G exploration. He filled me in on some points which arose during the presentation and the Q&A session which I believe are important.

He said the atmosphere at the AGM was very good without any aggressive behaviour to PA which had been threatened beforehand by some posters. Also Tony Meggs came over as extremely confident and knowledgeable, not surprising given the position he enjoyed at BP as their top technical person below main board level.

I understand that regardless of the results of the three tests to be done on ZJS7, well ZJS8 will be drilled. The location of ZJS8 is north of ZJS7 and has been sited very close to the acreage being appraised by CUCBM, where CNOC are a partner. ( Please refer to Ordos Basin and ZJS Block in PA presentation). Three wells drilled by CUCBM close to our acreage demonstrated very high flow rates. I understand that Leyshon have established good relations with their neighbour to the extent that there has been an interchange of technical information with Tony Meggs.

The new board and particularly Tony needed time to digest the work to date but I am sure it was time well spent and I feel much more confident for the future.

I understand that we are unlikely to get many technical details on the individual flow tests on ZJS7 as Leyshon are constrained by what PetroChina allows them to release and we may have to wait till all 3 flow tests are completed.

There was some discussion on acquisitions and clearly there is nothing the company say about ongoing due diligence and other activities while they are in progress and there is little point in reporting when the company has been unsuccessful in bidding for an asset. I understand that the focus is currently on onshore rather that offshore opportunities.

In your post you commented that the purpose of the buy back of shares is not to increase the share price in the short term. I believe its purpose is to prevent any further erosion of the share price caused mainly by small holders selling out in frustration or to put their money in "greener pastures". If the company soaks up these sales it should result in an increase in share price. I had thought that a 2% buy back won't achieve much but I forgot that the top 20 shareholders have 66% and the top 100 holders have 86% of the company. On that basis even a 2% buy back can have a significant effect on the share price.

I hope that you find these comments of interest.

[the millipede] 14/6/2014 18:51

IMVHO the share buy back is not intended to increase the share price in the near term. It is meant to increase each remaining share's share of future income, whenever that should transpire.

It is, naturally, better to conduct a buy back when the share price is depressed (if you are going to do it at all) and only if the cash is "spare." Not entirely sure "spare" applies here but the amount is small so hopefully won't cause any cash flow problems later on.

Nice to read the AGM reports. Thanks v much for posting.

[hallow] 14/6/2014 15:49

BULLSVBEARS

If socktrade was that woman who submitted 12 questions in advance let him say so now.

[rvsy38] 14/6/2014 12:11

Useless23

Why can't you get your facts right.
The company may buyback up to 5 million shares which at current price of 4p represents £ 200,000 , not 500k as you stated.

There is no way that buying that quantity of shares will double the price to 8p.

[useless23] 14/6/2014 10:33

So the directors get a bonus if the share price doubles and the company plan to buy 500k worth of shares? How can they lose?

[oscar kilo] 13/6/2014 23:28

Thanks for the feedback people.

Any mention of the offshore exploration tenders?

Or hints of who is doing the divestments?

Here is an interesting article -

[bullsvbears] 13/6/2014 22:04

hallow,

re 1201

there WAS somebody - a woman - at the AGM who had submitted a dozen or so written questions in advance.......

[socktrade1] 13/6/2014 20:09

Exactly and let's hope this time round they get it right!

[cupra kid] 13/6/2014 19:30

They haven't spent it yet Andy so at present we have equivalent to 6p cash. When they do start eating into it then I'd like to think with positive results the share price will take care of itself.

[andy] 13/6/2014 19:26

Mike_F 13 Jun'14 - 08:37 - 1185 of 1201 0 0

Few buys this morning. Current CASH position is equivalent to 6p per share, asset priced at ZERO. Very off the radar this one at present.

---

The cash means nothing because it's due to be spent!

You can't value the company that way because they have a plan to spend it.

[hallow] 13/6/2014 15:36

sockface

Did you go to the meeting, you did say you were going to.

So which questions did you ask, what replies did you receive. .


socktrade1 - 28 May 2014 - 12:09:52 - 1052 of 1202
I'll be sure to attend and bring some eggs with me too

socktrade1 - 29 May 2014 - 01:25:01 - 1068 of 1202
I cant tell you all how excited i am to finally meet PA face to face, let's just say i have a lot of things to say to him

socktrade1 - 29 May 2014 - 01:26:29 - 1069 of 1202
PA i have already bought lots of eggs to throw at your ugly mug

socktrade1 - 07 Jun 2014 - 16:33:20 - 1142 of 1202
Looking forward to the AGM, i have atleast 12 questions written down for PA

socktrade1 - 09 Jun 2014 - 13:50:59 - 1161 of 1202
AGM REMINDER THURSDAY THE 12TH OF JUNE MAYFAIR HOTEL 10AM

make sure you all attend this is NOT one to miss

socktrade1 - 11 Jun 2014 - 11:18:48 - 1167 of 1202
I will one of those attendees. He will get the message loud and clear , i assure you

[socktrade1] 13/6/2014 14:40

Spot on... if we get good news even on the first zone in well 7 we should go into double digits.. imo

[pro_better] 13/6/2014 14:31

as i see it: PA couldn't handle operationally the asset; hence the stagnation in the last 7 months...he has attracted knowledgeable guys and now the board is capable for trying to unlock value from the asset...

lets hope they will deliver...