Share Name Share Symbol Market Type Share ISIN Share Description
Magnolia Pet LSE:MAGP London Ordinary Share GB00B63QSF76 ORD SHS 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.075p +10.71% 0.775p 0.60p 0.95p 0.775p 0.50p 0.70p 949,087 16:09:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.0 -1.3 -0.1 - 0.27

Magnolia Pet Share Discussion Threads

Showing 7176 to 7194 of 7200 messages
Chat Pages: 288  287  286  285  284  283  282  281  280  279  278  277  Older
DateSubjectAuthorDiscuss
23/5/2018
15:28
Unfortunately the MAGP RNS's only ever told part of the story. They only gave the initial flow rates of a well. So if a well flowed, initially, at 500bopd and MAGP had a 1% stake in that well then MAGP's share was 5bopd. That was enough to get the believers on the lse bb salivating that the well costs would be recovered in less than 6 months and after that it was 5bopd pure profit for MAGP. However the decline rate for these wells is staggeringly high. The initial 500bopd flow rate could quickly decline and in 6 months time it could be as low as 50bopd and MAGP's share could be down to 0.5bopd. Even with similar small percentage stakes in lots of wells MAGP could never generate enough revenue to cover the CEO's exhorbantly high salary & expenses, plus those of her family on the payroll, plus the other BoD members, advisors and AIM listing costs. This was explained many times to the deluded MAGP shareholders, but would they listen? NO, they wouldn't! AIM should never have let MAGP list. It was just a vehicle to enrich the BoD & advisors at the expense of stupid, ignorant, PI's.
papillon
23/5/2018
14:11
Call the undertaker MAGP RIP
sleveen
23/5/2018
12:29
davesailing, face facts!! MAGP couldn't make a profit when the oil price was over US$100 per bbl. Why? Because it's operating costs are far too high! Look at the salary it pays the CEO, RW. Also her family are also on the MAGP payroll/gravy train. FLETCHER has called this correct for years and yet the delusional mug punters believed RW instead. Look at the mugs over on the lse bb. They called themselves "maggots" and "sailed in the good ship Magnolia". Well the ship has finally sunk taking all hands (mug punters) down with it!
papillon
23/5/2018
12:26
davesailing I think the pressure is coming from the bank to pay off the loan and the company doesn't have the cash to hand to do that and isn't generating cash at a rate that would satisfy a staggered reduction. The only option is to divest a number of wells to raise the cash - but how many wells? Then from the rump of wells left, how much revenue and gross profit would be generated, to cover all Admin overheads, mindful that the company still has significant creditors other than the bank?
ettienne1951
23/5/2018
12:03
The oil price has been rising and is now just over $70/barrel and still the management can't make any money.....
davesailing
23/5/2018
11:01
davesailing Firstly, read the 2016 directors' report and their note on 'Going Concern' then read the audit report and the remarks about 'Going concern. Then look at the balance sheet for that year and the balance sheet at H1 last September. The current ratios were incredibly low so it's not only the bank that was owed money. They divested a few wells last year with the proceeds going to pay down some debt. The shares in issue were massively diluted last year and all they raised was $300k to be used to pay for some capex or new drilling. The share price drifted lower to the point where further fundraising from another placing was out of the question as I've written previously. As a consequence, further divestment of wells this year would be inevitable in my view if they were to pay down the debt. However, with a reduction in the producing well count as a consequence would come a reduction in revenue and gross profit. I suspect their cash flow projections determined that they wouldn't be generating sufficient free cash flow in that event. Also, who knows how much pressure might the creditors have been exerting. Taking the company off AIM would reduce the Admin overhead by c£100k and since a company's reason for being on an exchange is to raise capital and that avenue was blocked for the foreseeable future, that overhead would be a candidate for the chop.
ettienne1951
23/5/2018
10:02
Who is buying MAGP today? Market CAP £300k
davesailing
23/5/2018
09:59
Davesailing - there's nothing left, money all gone.Rita has finally completed the stripping out of all the cash so it's game over.....Production is pitiful, nothing worth selling.
failedqs
23/5/2018
09:59
Does anyone know the current NAV of MAGP?
davesailing
23/5/2018
09:58
Vote required so that the board of directors can be removed.
davesailing
23/5/2018
09:57
All shareholders should vote against the proposed cancellation of admission to trading on AIM
davesailing
23/5/2018
09:55
16 April 2018 However, the company said the rise in the oil price meant it was producing positive cash flow from its existing operations. Working capital continued to be managed 'carefully' in light of future planned well drilling, it added. At 31 March, the company said it had 119 producing wells in its portfolio and 11 new wells proposed.
davesailing
23/5/2018
09:52
22 May 2018 Proposed cancellation of admission to trading on AIM !!!!!
davesailing
23/5/2018
09:51
16 April 2018 Total net proved developed producing reserves (PDP) of 274.475 Mbbl oil and condensate and 1,692.497 MMCF of gas (1 January 2017: 282.686 Mbbl of oil and condensate and 2,343.116 MMcf gas) US$4,002,000 value (NPV9) of total net PDP reserves (1 January 2017: US$4,026,000) provides strong asset backing Debt reduction programme ongoing and the Company is considering further non-core disposals. Working capital continues to be managed carefully in light of future planned participation in wells. Following the rise in the price of oil, the Company is producing positive cash flow from its existing operations and this is expected to increase further since revenues lag oil prices by a number of months.
davesailing
23/5/2018
07:37
Who found their leases for them and sold them to MAGP ? Who picked up all the leases MAGP allowed to be let go FOR FREE ? Who picked up all the acerage MAGP paid for but let go FOR FREE ? Who was the middleman making all the money ? WHO OWNED THE MIDDLEMEN ? WHO GOT ALL THE MONEY ? WHO GOT ALL YOUR BEST LEASES ............FOR FREE? WHICH POSTER WAS 100% CORRECT FOR THE PAST 6 YEARS?
r g fletcher
23/5/2018
07:28
BYE BYE FRAUDSTERS ....BYE BYE.
r g fletcher
23/5/2018
07:27
ENERLEX was the company that you handed all of your money too you mugs. I WARNED YOU ALL ABOUT THIS SCAM AND FRAUD IN 2012 AND AGAIN IN 2013 AND AGAIN IN 2014 AND AGAIN IN 2015 AND AGAIN IN 2016 AND AGAIN IN 2017 AND AGAIN IN 2018 HANDS UP ALL THOSE WHO LISTENED?
r g fletcher
23/5/2018
07:25
R G Fletcher 5 Sep '13 - 08:35 - 116 of 1734 Edit Ask him does ENERLEX make any money from MAGP ?
r g fletcher
23/5/2018
07:23
BYE BYE FRAUDSTERS ....BYE BYE.
r g fletcher
Chat Pages: 288  287  286  285  284  283  282  281  280  279  278  277  Older
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