Matra Petroleum Share Discussion Threads

[beggarman] 30/3/2017 09:55

budget - If you read the presentation the present value of our reserves is $235m as opposed to $145m in the PeTech review. The company's value should be over 1bn sek not 370 Mkr.

[supertedsmith] 30/3/2017 09:55

So Budget what now .Hate to say I told you so .By this calculation backpay amounts to near 20% Correct me if I am wrong please beggarman

[budgetbond] 30/3/2017 09:45

beggarman, something doesn't stack up here.

We've gone from a valuation of $100m to less than $50m and it was confirmed at the EGM in November that the $5m funding requirement had already been filled back then.

[beggarman] 30/3/2017 09:40

If you want to check the balance sheet figures for 2016 they are at the bottom of the page in the following link.


hxxp://www.mangold.se/Images/2017/02/Matra_teaser_sve_vFINAL.pdf

[beggarman] 30/3/2017 09:32

What I find strange is, a company called Dividend Sweden AB is offering 250,000 shares for sale at 10sek each. This only amounts to $266,000, have they taken up part of the placing and want to reduce their exposure? Could 10sek be a large discount.

My understanding was that Mangold are acting as registrar and they would be allocating all the shares, it looks like Dividend Sweden AB want to reduce their holding before the listing.

[bibdaddy] 30/3/2017 09:19

Offering at 10sek---90pps

[beggarman] 30/3/2017 09:05

Anybody wanting to check the share offering its on the Mangold site below.

hxxps://www.mangold.se/en/emission/matra/#info

[mistera1978] 29/3/2017 23:33

Research Lewis.

[lewis_81] 29/3/2017 22:59

"I think it's time many of you stopped obsessing over it and just focus on the facts and wait"

I'm definitely not obsessing over it, believe me. Just interested who you are and how you got the info you are claiming to have?

[supertedsmith] 29/3/2017 22:28

Shortsighted.
The NON CROOKS got involved 2012 and in 2013 it ceased trading on AIM.
So no it's not shortsighted

[mistera1978] 29/3/2017 21:45

Lewis_81. My post is not speculation as many here have continued to do without any factual evidence. Take my post as you want. I have the figures and data on paper. Time will tell who is right and who is wrong. Ultimately the Company has had to survive through suppressed oil prices and the fact that it is still solvent is a miracle. Anybody that thought it was worth more than when it delisted is naive at best. The plan is to maximise the reserves and they need more funds to do that. They expect to grow with further acquisitions. My data is based on a discounted subscription. It doesn't mean it will trade at that on open. They have offered the shares to subscribers at practically book value. I think it's time many of you stopped obsessing over it and just focus on the facts and wait. I still think it will come good over time but any investment shouldn't be made with short sighted ideaology. It's a sure fire way to lose money in the market. As always all IMHO

[lewis_81] 29/3/2017 20:52

I'm sceptical about a lot of this, but seriously, where have you come from mistera1978? Never seen you before, and you've just appeared with more information than any if us can find.
I'm not saying it's b/s but I'm keen to know the source.

Where did you get the alleged document sent to subscribers. Pray tell?

[supertedsmith] 29/3/2017 18:37

Beggarman

They are not even waiting to see if relist is successful - in itself a bad sign- before claiming backpay .
So irrespective of relist success they have awarded themselves 8% delist Value.
But as they have lemmings - as in Budget and the yeasayers here - worshipping them ,they think can get away with it .

[beggarman] 29/3/2017 18:25

The rule in business is, you get the revenue in you pay all the bills that are due and out of whats left you look at compensating yourself. The Barsky/Alltech rule is we get our investment back first ahead of any other shareholders, then we think about running the business.

[budgetbond] 29/3/2017 18:19

Looks like you're a banana then :)

[supertedsmith] 29/3/2017 18:15

Budget

If you ever worked successfully or unsuccessfully in business then I am a banana .
Your last comment takes the biscuit .
You think it's ok for Laurel and Hardy to be paid 8% of value of delist company for three years work in back pay - that's backpay and nothing to do with expenses or options .
I totally agree after all they have achieved for us .
What about knighthoods and giving them 50% of delist value .
Who knows if the listing tanks then they be being paid 50% anyway .
This is becoming funny now and it is truly pythonesque .

[looneytune] 29/3/2017 18:11

Fair do's BB! Let's all keep the faith!

[mistera1978] 29/3/2017 18:10

Beggarman. You are probably referring to in ground gross value of oil. Doesn't take in to account extraction cost. My figures are based on what they have published to potential subscribers.

250000 share subscription at SEK10
Market cap on this would be SEK370m

Note that subscriptions are normally at discount so when it actually lists the float price could be higher but the minimum we are looking at is SEK10 per share which values at £33m. Hope this clarifies things

[budgetbond] 29/3/2017 18:07

looneytune, I'm always up for a bit of banter if I have the time :)

[budgetbond] 29/3/2017 18:06

It's always the same when you're unable to answer a valid question with a reasoned answer. Off you trot.

Let me address your 'concerns':

- But in business one always goes by latest figures (this would include the Pertech field survey that has been independently produced that you're chosing to ignore)

- No news (none necessary - all of the activities have taken place in line with the timescales in the Schedule of Arrangement document)

- No updates (none were promised and why would updates be necessary if everything was happening in accordance with the agreed timetable of events?)

- No IPO publicity (not necessary if Eric Forss is using his investor network to source funding)

- Two individuals getting around 8% of delisted company's value in back pay (it is reasonable for 2 Board members to be paid their salary and reimburses their expenses. In no line of business is salary and expenses ever quoted as a % of the company value - which you would know if you'd ever worked in business)

- Small shareholders described dismissively as few thousand (misquoted based on a translation that has been done by a machine!)

- Company deep in red (pure speculation as no formal accounts have been issued since June 2015)

- Highly unlikely will get equivalent delist price (disagree - the major shareholders would not have agreed to the listing if they stood to lose out significantly through massive dilution)

[looneytune] 29/3/2017 18:04

Budget, why do you bother? He is a "glass half empty' type of Dude! If Vlad didn't convince him at the AGM then walk away, you are really wasting your breath. Unless of course the adverse banter tickles you!! :)

[supertedsmith] 29/3/2017 17:44

No I am not saying anything fraudulent happened .
Read my post .

Look it's like having a conversation with a child .
You have no concept of business .I do not know what your experience in business , which you have often spoken about , was in past but I presume company is well and truly bankrupt .
Conversation is over .

[budgetbond] 29/3/2017 17:41

Let me just replay this one back to you superted

"..They just may have 'unintentionally' overplayed things previously who knows.."

The report was independent from Pertech. 'Unintentionally overplaying things" in this arena = fraud.

Fraudulent to the tune of $68m? Is that what you're suggesting?