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LBE Longboat Energy Plc

20.00
0.00 (0.00%)
Last Updated: 11:02:04
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Longboat Energy Plc LSE:LBE London Ordinary Share GB00BKFW2482 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.00 19.50 20.50 20.00 19.75 19.75 100,542 11:02:04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 641k -4.19M -0.0733 -2.73 11.42M
Longboat Energy Plc is listed in the Offices-holdng Companies sector of the London Stock Exchange with ticker LBE. The last closing price for Longboat Energy was 20p. Over the last year, Longboat Energy shares have traded in a share price range of 6.25p to 33.00p.

Longboat Energy currently has 57,108,120 shares in issue. The market capitalisation of Longboat Energy is £11.42 million. Longboat Energy has a price to earnings ratio (PE ratio) of -2.73.

Longboat Energy Share Discussion Threads

Showing 326 to 349 of 1500 messages
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DateSubjectAuthorDiscuss
05/8/2022
15:31
Sludgesurfer ...You are being overly negative I think.
What they have found covers the market cap IMV.

ohisay
05/8/2022
11:31
In a way you are correct but remember that LBE can sell their entitlement to the principal operator.

I will look at all the published figures and ask around to see what the sector says and come back by the end of this month.

If anyone has any suggestions in the meantime please post.

Thanks.

anley
04/8/2022
20:24
75p per share? You can't be serious. There's a reason the market cap is about 19m i.e. about 3m less than cash. Its because what they've found thus far is marginal and needs a decent chunk of cash to bring it to production. Cash that LBE certainly dont have. The market is valuing these discoveries at zero. Rightly so imo. They're going nowhere. Even at these prices.The market has changed for exploration stocks. The days of a 50% bounce on a decent result have gone. If this well comes in at P50. Can you see the share price bouncing more than 10%? I can't. Bear in mind the CoS is 36% from memory. All IMO. Luck to all.I follow these guys as I did ok out of FPM but I really wanted them to pick up some production.
sludgesurfer
04/8/2022
15:42
Somebody is selling lumps.
ohisay
04/8/2022
15:31
So why is the price still going down when we are drilling?
chopsy
04/8/2022
15:23
I totally agree and in fact a suggestion along the following lines is to be made to another E&P company if they should be successful with their drilling plans:

1 LBE after the drilling programme has been completed in 2023 start a monetise plan of its assets of Boo. This would give the company sufficient cash to continue with whatever plans it had in 2023 and cash to pay shareholders.

2 Shareholders should push for say 75p per share (the last funding price) as a dividend/capital return.

Has anyone worked out how many BoOil and at say $90 and 100 per Barrel what this is worth to LBE.

However, there may be other ways to skin the cat.................

anley
04/8/2022
13:01
Good post anley. Don't forget Copernicus is also still to drill (25 mmboo net). Considering current and historic share price performance, a return of some capital to shareholders upon sale of some discovered assets could be an appropriate action to placate shareholders
ripvanwinkle3
04/8/2022
12:38
I have also bought a block recently on the basis that the BIG shareholders and their brokers STIFEL will have to call for some return in capital to shareholders.

There are still two drills to go OSWIG & VELOCETTE worth 19 and 26 mmboo net. So add that to RipVanWinkle's 12m and then let the BLACKROCK's of this world decide what to do along with other shareholders.

A cash payment to start BUT how long will it take for LBE to sell its stakes - that is a question one should ask the BoD.

Lets try and get our sums spot on and I will push STIFEL hard.

anley
04/8/2022
12:09
Come on Longboat, sell your already banked discoveries and return the approx $60million raised to shareholders. Should give a one off dividend of around 90p per share . That will keep us happy for a bit. You can then grow the company from existing cash reserves, circa £30 million (including tax rebate owed ) , plus any of the prospective 70 million barrels you bank with the forthcoming drillls
ripvanwinkle3
04/8/2022
11:48
12 million barrels already confirmed discovered to date, which should be worth around $60 million to Longboat
ripvanwinkle3
04/8/2022
11:35
I think the risk reward here is pretty good .I bought more this morning.
ohisay
02/8/2022
18:51
I get:£26.3m at '21 YE. So say 24m prior to OMV farm-in. Farm-in costs of approx. £4m. So £22m vs a market cap @ close of £19.4m.With 2 Wells to be drilled by year end. Even at discount to cash I'm still struggling to get excited by this one. Particularly given the pretty duff results thus far...Am I missing something?
sludgesurfer
02/8/2022
17:47
Anyone have an idea of current cash position?
sludgesurfer
04/7/2022
11:17
and the next drill..............

hxxps://factpages.npd.no/en/wellbore/pageview/exploration/drillpermit/9647

anley
16/6/2022
07:42
Thanks for the update Longboat management. Now follow that up by buying some shares.
ripvanwinkle3
15/6/2022
12:30
AXA continuing to offload "at best". With more than two million shares potentially still to offload, it will be interesting to see how low this one goes . Already well below cash in bank levels..
ripvanwinkle3
14/6/2022
11:59
AXA have sold a few - never good news.
anley
07/6/2022
14:38
Indeed and I do not disagree with what you have said BUT this market is now "short term" in how it delivers and this LBE team which I rate has had no luck so what happens when the last 2 drills come up as dusters?
anley
07/6/2022
14:02
anley they are getting a 78% refund on the 8 well programme keep up mate! They discoveries to date should be worth more than the current share price Not reflected at all in current share price however. PIs are demanding cash flow via producing assets whilst the company seems to be happy with going down the exp. route whilst the rebate is still there
ripvanwinkle3
07/6/2022
13:49
I have emailed the company and asked - when and where........will post when I have heard back from them.

I notice this morning that over 1m shares have changed hands - there must be quite a number of very unhappy investors and its going to take what I call a cast iron deal to get the share price back to 75p.

The best bet for this gang is to find someone in Norway to take the company and use the tax losses and tax position............they can't gamble with 2 last drills..can or will they?

anley
07/6/2022
12:19
What about the value of the most recent successful well and the potential value of the three wells still to come ?
ripvanwinkle3
07/6/2022
12:11
50p is just over the cash held by the company. Last year’s successful drill is probably worth 20p or so but won’t be assessed until next year. So yes more than 50p of value but a long wait for it to be realized is my view
johnhelme2704
06/6/2022
08:20
Just what was not needed so they now have to explain how they get themselves out of a big mess.

Is there 50p of value in this business?

anley
06/6/2022
07:39
Duster. Oh dear.
terminator101
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