Longboat Energy Share Discussion Threads

[burtond1] 27/1/2020 09:48

We ask @mgrahamwood will the clouds lift over Oil in 2020? ...Malcy has over 30 years experience in the Oil & Gas sector, and here reports on some prospective investment opportunities.We Cover: #PMO #RKH #PRD #RRE #UOG #BLOE #ZEN #LBE #ECO #TLW #ECO https://total-market-solutions.com/2020/01/27/malcy-talks-oil-gas-xviii/

[iamgreat1] 17/1/2020 19:13

I mean what can you buy for 10m in the North SeaUmm not much The first placing will be at at low premium

[chinahere] 14/1/2020 20:27

Thanks Hierarch. I should have looked for that!

From the Admission Document:

"The gross proceeds of the Placing are estimated to be approximately £9,500,000 and the net proceeds of the Placing are estimated to be approximately £8,760,000."

"the aggregate remuneration payable and benefits in kind to be
granted to the Directors in the financial year ending 31 December 2020 will be approximately £802,000."

I guess it's all okay if they can deliver a good deal, but they do mention at least doubling their salaries on the completion of the first transaction.

The deal must be big and valuable or the costs could quickly sink this.

[hierarch] 14/1/2020 20:04

It’s all in the admission document, including what they rise to upon first acquisition and the performance milestone awards.

[chinahere] 14/1/2020 19:02

This looks interesting.

Anyone have an idea of their salary/cost structure at the moment?

[croasdalelfc] 10/1/2020 11:51

New interview on LSE YouTube channel

[hierarch] 06/1/2020 22:22

Certainly would expect 1st aquisition this H1 with the strength of the institutional firepower and managements networks.

[stockport loser] 29/12/2019 11:45

Agree, watch and wait, buy in on next placing if the asset is of interest.

[soulsauce] 29/12/2019 11:23

Spot on cash.

[cashandcard] 29/12/2019 09:59

Interesting stock. I like the low cap and shares in issue. On the other hand, looking like it's being kept at this structure so there is ample room to dilute (if need be) in order to secure the first asset. I am also not that impressed with management holdings here or their track record from Faroe, hardly earth shattering unless you got timing spot on.Having said that, in this business all it takes is the right asset, a nod from Mr market and multiples can be achieved. The possibility of that happening here depends on what funding route they take and of course the asset they manage to get. Will follow this as the story develops.Cash

[soulsauce] 28/12/2019 08:22

Don't see any point in buying until first deal done.
Look at Uog, just done an excellent deal to acquire assets in Egypt but struggled to raise cash and came back from suspension lower than it suspended at.

[pro_s2009] 28/12/2019 00:28

Yes, AXA now up to 5%. Seems to be positioning ahead of the first deal.

[croasdalelfc] 27/12/2019 20:45

67% of shares in sticky hands

[5chipper] 18/12/2019 17:18

All depends on price of first fund raise

[pro_s2009] 04/12/2019 14:13

Video added to the header.



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[wadger01] 02/12/2019 23:08

I can only think that the sells are from companies whose been paid for services in shares - why would anyone else sell 3 days after IPO

[spooky] 02/12/2019 16:23

It's a certainty that they will be offering more paper but to get access to the managements deal making skills you would usually expect to pay a meaningful premium. Hence my surprise.

[thegreatgeraldo] 02/12/2019 16:12

There's a decent chance that they'll be issuing more paper in the new year....

[wadger01] 29/11/2019 22:09

Imagine these IIs will be getting their cheque books out again for the 1st deal.Think this could be a great long termer.

[thegreatgeraldo] 29/11/2019 13:41

The stock is trading at a reasonable premium to cash