Longboat Energy Share Discussion Threads

[anley] 18/2/2021 12:45

Good but it could be the results which are due.........or a deal??????

[rakepat37] 18/2/2021 12:34

Something brewing ...

[anley] 16/2/2021 13:24

MARCH 2021 one may get the financial results for the Y/E December 2020 and who knows ...........a deal!!!!

[alexios1201] 16/2/2021 09:58

Energy shellCall it SPAC(Fancy name for the shell)10million shares in issueMcap £7.2M at 72pCash £7.1MCashburn £125k/monthIPO end of Nov2019 at 100pStrategy to be implemented within 18months Month 15 nowRTO Transaction window

[anley] 04/2/2021 11:20

............is a deal coming as the shares bounced from 73p to 80p this morning?

AND in the afternoon all the way down................false start!!

[anley] 29/1/2021 15:04

STIFEL the brokers were responsible for raising the £10,000.000 less £1m for expenses such as brokers and legal fees and now this figure is down to £7m.

The current price is getting close to the market price but we have to remember that there is a MONTHLY burn rate so to be on the safe side I would like to see the price down to say 60p. Even then is still has risk due to costs if a bid were to come its way or even (dare I say - an acquisition) when further City costs will be incurred.

So another month goes by and no news - not good enough Stifel and the Board and goodness knows what the Press will say when they work out what has gone on. Perhaps its not the kind of story they want at the moment - Wall St games perhaps!!!!

[anley] 19/1/2021 12:56

Someone with inflated paper should take this company off the market.

I also note that the company was unsuccessful in obtaining any licences from the Norwegian government.

hxxps://www.npd.no/en/facts/news/general-news/2021/apa-2020-30-companies-offered-ownership-interests/

[chutes01] 07/1/2021 22:12

Warming up here

[anley] 06/1/2021 14:54

A new shareholder from the USA with 4%+
Interesting...........

[chutes01] 04/1/2021 12:38

chart looks an amazing penant, almost as good as PRIM, both ready to rocket on news !

[anley] 29/12/2020 14:10

It is now the end of the year for the company and I do not think that there will be a deal soon.

When the accounts are produced the cash will be down to £7m but if there was a deal between Jan 2020 and say March then what will be the consideration range be?

With £7m cash and some gearing the directors need to explain - do they not - what sort of prudent consideration should be involved to drive the share price back to the £1 placing price way back in 2019.

2021 in my view is when someone will clean up the AIM Oil/Gas sector. KISTOS says it wants to do this but seems to want a GAS producer (cash flow) and IOG and IOG are all busy paying out for assets which will be turned in to cash flow..............will it be that towards the end of 2021 that KISTOS comes for these companies?

In the meantime either LBE find a suitable acquisition or someone comes for them for the cash...............70p is a good tender price so I shall continue to wait for the current price to fall to below that level.

[pro_s2009] 23/12/2020 16:52

Christmas FTSE trading reminder.

Thu 24th Dec Half day 8:00 to 12:30

Fri 25th Closed

Mon 28th Closed

Tue 29th Normal day 8:00 until 16:30

Wed 30th Normal day 8:00 until 16:30

Thu 31st Half day 8:00 to 12:30

Fri 1st Jan Closed

[anley] 18/12/2020 18:07

Well another week and still NO DEAL................

[burtond1] 17/12/2020 10:16

Here, @mgrahamwood catches up with @DDS_DocHoliday and for the first time ever does an exclusive interview to reveal his "Bucket List" for 2021#JOG #SQZ #IOG #UJO #JSE #PTAL #TXP #SAV #PPC #PRD #SCIR #CHAR #DGO #GENL #WEN #SLE #KIST #LBE #ZPHR #BPC #ECOhttps://total-market-solutions.com/2020/12/malcy-bucket-list/

[catswhiskas] 10/12/2020 13:22

I'm expecting this to fall to 60P being a small discount to cash at the bank which is typical of many cash shells these days especially those that have come up with no material news of any sort in 12 months or more.

[anley] 08/12/2020 13:28

Today I see that shares have fallen to 76p a price which is starting to reflect what cash is left but for me it has to be lower and I notice that on the other thread one poster is saying 60p.

I just can't be bothered to work all this out but will do over Xmas if I find myself in the mood............

[nigerianprince] 07/12/2020 11:52

How's this for Grimhttps://twitter.com/guardian/status/1335170591352102913?s=19

[catswhiskas] 03/12/2020 13:30

This is looking very grim could be heading for 60P .1 year on nothings happened apart from the cash is down to 7 million and the BOD have a years salary in the bank 😳

[thegreatgeraldo] 03/12/2020 12:27

LBE aren't for sale......but cash in the bank is only a touch below MC

[anley] 03/12/2020 12:16

Over one year has flown by and there is still no hint of a deal..........surprise me lads and all the other shareholders and announce one.

I have posted on the KISTOS BB - ticker KIST and discussed my views about AA new company. He makes it clear in his interview what he would like to do and for me his first deal has to be his best deal as that will set the tone as to future acquisitions. At the moment his shares are sizzling at a big premium and that could be a drawback - we shall see..............

Back to LBE:

By the end of 2020 there will be less than £7m cash left - down from say £10m But the so called team will have had their pay - loaded up with options and had their expenses paid by the company.

Roll on 2021 in the hope that new or old management can do something or eventually they will loose their quote under LSE rules on cash companies.

[dunderheed] 03/12/2020 12:08

Specially reserved for DC.

[dunderheed] 03/12/2020 12:08

98 - agree totally wtf would they be buying lol!

[chutes01] 03/12/2020 12:01

the seat at the table LBE currently have for a major new oil development,
be careful my friend, look at the chart.