Leyshon Energy Share Discussion Threads

[boadicea] 02/10/2014 08:39

It is usually not very difficult in mm stocks to work out whether buy or sell - Just plot them, re-arranging into chronological order (and watch out for previous days reported late if using advfn streaming page) and there will often be a clear margin between the prices, not necessarily spanning the 'mid'-price.
In SETS stocks traded on the book (AT) buy/sell is virtually meaningless as they are direct trades between a buyer and a seller and it is impossible to tell which side is the 'trader' and which the 'investor' - in fact very often both sides are traders. The last trade is the 'current' price. The 'mid' price is that between the offer/bid on the book, either one of which is likely to become the next 'current' price.

[cupra kid] 01/10/2014 14:33

A good example as I type is another stock I hold OPG. Very easy to determine which are buys and sells and I believe ADVFN have them all correct so far today.

Volume is 91k

Buys approx 58k

Sells 33k

SP down 1.5% :)

Sentiment is the driver today ;)

[the millipede] 01/10/2014 11:45

Cupra - FWIW I use several brokers and dummy trades can often give a very different picture depending on which one I use. So I would say unless you try them all, you won't necessarily get the right picture, and even then I would generally say the price movement is a more reliable guide (and I mean the actual price movement rather than - say - the iii reported change which, like the mid points - are often closer to fantasy than reality).IMVHO.

[useless23] 30/9/2014 21:52

These points kept me from selling:1. Sp is below cash in bank 2. Sod's law dictates it is likely we will get good news at some point in the future unless we are very unlucky. Last good news we got was at end of may 2013.3. Company is yet to buy back shares4. Announcement of a deal should attract positive attention

[cupra kid] 30/9/2014 19:27

Whilst I agree that buys and sells can be sometimes be reported incorrectly, I disagree that the share price drops if they're more sells than buys and visa versa. Buying and selling is just one factor in dictating price movement.

With regards the spread I find it generally quite easy to work out if the trade is a buy or sell. Historical daily data and dummy trades are normally enough to determine which is which.

Anyhow, the share price recovered a little after being marked down 10% on very little volume. Buy backs and Z8 to look forward to.

[the millipede] 30/9/2014 18:54

The buys and sells are often marked incorrectly on a stock like this, with few trades and high spreads.Remember the stock exchange does not reveal whether any of its trades are buys or sells, the tag is inferred from the mid-price at the time the trade is reported.And, on a stock with few trades and a large spread, the mid-price is often way out.Good rule of thumb is: if the price drops there are more sells than buys; if it rises there are more buys than sells. :-)

[useless23] 30/9/2014 10:19

On twitter

[useless23] 30/9/2014 10:19

Check out what david lenigas is saying about mm's NOW!

[cupra kid] 30/9/2014 08:59

50k (£1600) buys v 180k (£5400) sells = 10% drop! Yesterday almost 3:1 in favour of buys and no rise on the offer.

Either there is a seller or MM's are tickling the scare button.

Come on PA, start the buy backs to show some kind of support!

[cupra kid] 29/9/2014 19:14

If anything I would have thought the share price would have been a bit higher with that buying so it might suggest we have a seller lurking. It did tick up early doors mind so I'm probably wrong.

For my sins I'm keeping patient

[nick297] 29/9/2014 19:09

Does that mean anything kid?

[cupra kid] 29/9/2014 18:56

Some interesting trades today, over a million bought and 400k sold. Certainly more interest at these depressed levels.

[flyingbull] 29/9/2014 18:48

The October oil stock competitions are now open for entries....

[nick297] 29/9/2014 18:47

In the light of recent events PA should revise the short term target to 8-10P

[colonel a] 29/9/2014 11:22

Not exactly leaping away.
I hold and don't think that the project is a duffer, but do think there is a fair chance that LEN runs out of cash {or will} before they can demonstrate any value.
I think the basic problem was that when they started they did not know how to go about evaluating a lease.
They were {are} trying to turn wells whose primary purpose was {should have been} to inform seismic into producers.

Of course if they succeed I knew all along that their strategy was sound.

[milfeddyg] 29/9/2014 08:36

Proactive presentation is on the website.

[sos100] 29/9/2014 07:11

Nothing different in that article that they haven't been talking about before ie how undervalued we are..

market has priced there existing assets and probably the next duffer they buy..

[wardy333] 29/9/2014 06:47

shareprophets..AKA T/W is Atherleys mate, either a helpful hint or a desperate attempt to keep the share price above 3p,maybe T/W knows something we don't they are always in touch and Atherley might of told him something not in the public domain who knows, still keeping miles away from this dog of a stock.

[useless23] 28/9/2014 20:17

Thanks for the posts wiseacre

[wiseacre] 28/9/2014 18:57

BY SHAREPROPHETS | SUNDAY 28 SEPTEMBER 2014

32


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Yes we know this company operates in China but it is not a Chinese company but it is valued as if it is one. At 3.25p to buy Leyshon Energy (LEN) is the ShareProphets share tip of the week.

Following its recent interim results, Leyshon Energy last week updated investors on current activity at its Zijinshan gas project and on further acquisition and investment opportunities in the oil and gas sector in China.

On the former, the company reports that testing results on wells ZJS5 and ZJS7 “so far are below our expectations for this area of the field” but, having “confirmed the presence of gas in the target zones… along with our understanding of well performance in nearby fields, are however sufficiently encouraging to proceed with drilling an additional exploration well, ZJS8. Discussions on the location and design of this well with the company's partner have commenced”. The company described results reported in adjacent operations “to be very encouraging”. Additionally it updated that it has made failed bids for three assets on a fully funded basis and remains “in active discussions with potential vendors of assets in the region”.

Excluding outstanding liabilities for work in hand and an estimated circa $5 million of previous creditors, the company updated that it “has US$26 million cash on hand”. This compares to a current market cap, with the shares at 3p-3.25p, of circa £8 million ($13 million).

Thus the price discounts wholesale value destruction. But this company is run by an awesome management team led by ex BP heavy hitter John Manzoni. We expect that to create value via highly leveraged corporate deals not destroy value. The discount to cash is thus sheer insanity. Buy.

- See more at:

[wordog] 27/9/2014 15:23

Ultra - welcome back. I thought you had fallen off a cliff.

[ultrapunch] 26/9/2014 22:58

What a POS!!

In fact Pro_Better it's on a very large discount to it's cash. The cash at 30th June was circa US$28.5m. Trade liabilities (payables) are US$5m. That's obviously to pay for the current Zijinshan work So that leaves US$23.5m. Knock off another US$1.5m to be on the safe side and to cover admin expenses. That leaves US$22m. That's circa £13.5m. Current Mkt Cap £7.8m (advfn have it incorrect).

That's a big discount to cash. However investors are probably suspecting that Atherley will continue to fritter it away just like he has done in the past. Who's to say he wont?