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LBE Longboat Energy Plc

21.50
1.00 (4.88%)
12 Jul 2024 - Closed
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
  1.00 4.88% 21.50 21.00 22.00 21.50 20.50 20.50 623,480 13:20:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 641k -4.19M -0.0733 -2.93 11.71M
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 20.50p. 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 £11.71 million. Longboat Energy has a price to earnings ratio (PE ratio) of -2.93.

Longboat Energy Share Discussion Threads

Showing 1126 to 1149 of 1500 messages
Chat Pages: Latest  48  47  46  45  44  43  42  41  40  39  38  37  Older
DateSubjectAuthorDiscuss
29/5/2024
12:53
oiltdr on lse;I registered today as often read the boards and wanted to give my take. Some of the update is not much of a surprise but I've not seen much comment on what the update means so I'm providing some clarity:1) of the 4-5 pc they own of the producing asset they are on the hook for their share of the capex. At 51.1m gbp this is around 2.5m. This in itself it's my much of a problem and can be covered by cash flows from sales. This is a short term issue which I am relatively relaxed about in isolation.2) the real clanger is the amendment to the original acquisition agreement as based on the updated terms which allowed them to fund the 5musd of working capital via the facility, this 17m needs to be repaid by 31 December 2024 and not the 5 year backstop date. This is the real issue LBE have.There are a number of options here:1) do another acquisition but realistically won't fix in time;2) if relations good with japex then renegotiate the 31 dec repayment date - this may be the most likely scenario. LBE have the contacts in Norway and suspect japex wont want to frazzle relations in the area.3) look for external refinancing of the 17musd.4) agree a farm out in Malaysia that offers cash as part of deal - funds that can be used to refinance the debt to japex.Realistically equity dilution at current levels isn't an option.Realistically a deal will be done with japex as to my knowledge it's a good working partnership - the terms are there to cover them when things go sour but it's in neither companies interests to walk away.I've taken further equity today but it's not without increased risk as there is a doomsday scenario - I just consider it commercially to be the least likely outcome.
jungmana
29/5/2024
12:46
That's the thing the farm out will be late 2024 or early 2025. So what about cash required before that comes in Dilution around these levels is inevitable This will create a nice return and sell into when the farm out news comes
jailbird
29/5/2024
12:43
Looks like it cash, that's the reason am not buying more for now.
jungmana
29/5/2024
12:19
It's being priced as if some kind of dilutive event is inevitable.Cash
cashandcard
29/5/2024
12:01
Farm out and retain 15 to 20%. Lots of interest from majors in that region;"Following recent increased interest levels in exploration for world-scale fields, multiple large companies have approached Longboat regarding Block 2A and the Company is currently planning on running a farm-out process later in 2024 to identify potential partners for the block." 
jungmana
29/5/2024
11:22
Norway/NS is just not the place to be anymore for a smallcap. The NS generally limited in terms of growth potential and the opportunity to make serious returns has long gone given the current investment environment for Oil in Europe.They need to move those Norway assets on, kitchen-sink the majority of folk linked to the Norway side of the business, including certain directors.Then, name change and entire focus becomes Malay assets, with an eye to growing the portfolio there in what would become a high impact growth vehicle. Sounds risky, but dollars are flowing back into upstream side in several key global hotspots. SE Asia is benefitting from this right now.Cash
cashandcard
29/5/2024
10:31
The board of directors are clowns

When you have clowns running the show, you either buy a ticket to the circus or you take your money elsewhere

Madness to invest here, the track record is appalling

danmart2
29/5/2024
09:56
Took an hour to buy 300k shares ranging in size from an initial 100k at 9.4p (8:08) to my last two 2.5k buys at 7.75p (9:14 & 9:15).

Current 8p = a m/cap of £4.56m.

They either downsize on the Norwegian JV. Or a complete sale of the JV or raise additional funds.

Upcoming well fully carried.

When they bought the producing assets for $12.75m their expectation was do double this from the 300 boepd then to the initial 600 (see original RNS) by Q4 2023/early 2024. This went on for the expectation to be circa 1,000 boepd end Q2 but the last 2 wells drilled are still not connected. The cost has risen from the $12.75m to $17m owed to Japex due to the delays/cost overrun by the operator Equinor. We bought our stake of a different partner but Okea bought theirs direct from Equinor and sought recompense for the o/runs/delays threy've also encountered. Doubtful if we are covered in any way and our Kevikje discovery is included in their development plan to Troll while Vaar want a different anchor hub used.


Personally i think LBE are laying down their options on possible asset direction but will they wait or not until the outcome of the upcoming Norwegian well re the Norwegian jv.

I'd like to know if Helga has any direct input with LBE now re Japex rather than just at the JV.

zengas
29/5/2024
09:47
Am in, have purchased 140k shares in total to start with.Now time for the day job.GLA
jungmana
29/5/2024
09:16
What’s in a name?
greedfear
29/5/2024
09:13
2/3p buy area
lookinggood
29/5/2024
09:01
Not in yet but will be buying some soon.
Been watching here closely over the last few weeks and nearly bought in last week.
At this level is a superb bet. way too cheap imo.

jungmana
29/5/2024
08:59
I believe selling is way overdone too. But, it can get worse. Any disappointment and shares can get punished to absurd price levels. This one too. I’ve learned not to buy when I think the drop is overdone as it mostly drops further. Anyway, BOL holders.
greedfear
29/5/2024
08:53
Imo a good opportunity here today for the wise/brave investors .GLA
jungmana
29/5/2024
08:46
At £5m MCap, this is priced to go bust!!
katsy
29/5/2024
08:45
I sold . If there is dilution expected , I rather not wait around for that Re- look at this when we know in a few weeks
jailbird
29/5/2024
08:44
Selling is way overdone imo with the Market cap GBP 5m at 8p .Malaysia asset value compared to UPL should be at least 60p share price here.
jungmana
29/5/2024
08:39
Well, thus far it has been nothing but disappointment.
But at the current share price I’m not thinking of selling.
You win some, you lose some.

greedfear
29/5/2024
08:37
Horrendous but 8p seems worth a punt.
nigelpm
29/5/2024
08:35
Agree - the Norway stake should be handed over, if possible, for a small amount to Japex. Then just focus on Malaysia, perhaps remove staff overheads associated with Norway side of the business.Cash
cashandcard
29/5/2024
08:13
Gap closed
katsy
29/5/2024
08:01
Have you really read the rns?
jungmana
29/5/2024
07:59
"In the event Longboat cannot meet its share of additional working capital shortfalls at LJN in a timely fashion, the terms of the Shareholder Agreement and Acquisition Facility could result in Longboat forfeiting some-or-all of its shares in LJN."Just hand over to japex and concentrate on Malaysia
jungmana
29/5/2024
07:57
Isn't this all historical info.? These accounts are for year ended dec23. Production increasing since then etc
jnbrw
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