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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
New World Oil | LSE:NEW | London | Ordinary Share | JE00B65FK239 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.06 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
03/9/2015 12:06 | I thought BMD and Chrisoil were a tag team ; Burke and Hare as i prefer to call this pair of pump and dumpers. I think you must be referring to Doc H ? | cyan | |
03/9/2015 10:47 | Margic, Yes he has his 10%, but where to from that point? And I think he should name his nominee for the BOD in advance, why keep it a secret? I notice the war of words with BMD and Chris Oil has dissipated, are they working together now perhaps? I still think the BOD will outmaneuver them, we shall see. | andy | |
03/9/2015 10:18 | Is NEW still in mining NEW (freshly minted) shares business??? Ha ha ha | rwauu | |
02/9/2015 17:47 | Credit to Ben Turney, he managed to do what he said he would and get to 10% plus.What's the next twist in this tale eh? | margic | |
02/9/2015 16:42 | NEW is a typical AIM listed company where there is a continual dilution of shareholder value,via multiple placings of stock to institutions that then dump it into the market, driving down the share price for those that are long term holders. Management don't care as they are salaried, and their only focus is on preserving their jobs as long as possible. When investor patience gets a bit thin, they can always wheel out a new project, the next great white hope! That MO has been worked successfully in Canada for many years, and now it's being used over here. | andy | |
02/9/2015 11:59 | Ha ha ha!!! Who is buying this broke company??? Millions wasted on "printing" new shares. Remember- NEW is not in oil business!!! It is in business of "printing" NEW shares! Death shares!!! | rwauu | |
02/9/2015 11:57 | More suprisingly is that Zak Mir is recommending this... I guess that is what these NEW people did- greased the wheel somewhere... Chrisoil is desperate to get rid of his holding. After all he lost half of million.... | rwauu | |
02/9/2015 10:06 | chrisoil is at it again with more unsubstantiated ramping; "Chris Oil @chrisoil · Sep 1 #NEWWORLDOIL getting ready to move forward results out. New vision 17th conference call. With interested parties buying stock eyes on" I think people are starting to learn. "interested parties" ; was that the taxi driver who promised to buy some just to stop you droning on at him.? | cyan | |
02/9/2015 09:34 | Good morning guys. rwau; Zak Mir only considers the charts which is madness; one must look at the fundamantals. I thought we had seen the worst of low POO but we are slipping again now Brent is $48.50 | cyan | |
02/9/2015 00:38 | Zak Mir is recommending NEW??? Nuts??? | rwauu | |
02/9/2015 00:04 | cyan, Hmmmm! Oh dear indeed! But what's £600K between friends anyway? With what has been wasted so far, it's a mere drop in the ocean! Any sign of the loans being paid back? | andy | |
01/9/2015 20:47 | This company can not get even the basics right. How many worked on the results? They are spending £100k a month and make a hash of the results RNS. Oh dear New World Oil and Gas Plc ('New World' or 'the Company' together with its subsidiaries, the 'Group') Unaudited Interim Results (Replacement) This announcement replaces RNS 5838X which was released by the Company on 1 September 2015 at 7.00 am. The change relates to the loss for the six months ended 30 June 2015, which was incorrectly stated in the Financial Review section as being US$894,000. This has been amended to the correct figure of (US$1,403,000), as was reported in the Financial statement. | cyan | |
01/9/2015 17:07 | My guess is the BOD will try and pull a rabbit out of the hat just before the 17th September and sell some new prospect as the new holy grail to assuage shareholders. These guys don't normally go down without a fight. | andy | |
01/9/2015 16:13 | BT says his piece; | cyan | |
01/9/2015 15:29 | The good news is, the staff have a job for 15 months at least . The bad news is they are going nowhere fast and will need more funds. What sort of deal can this company make? There are real bargain oilers out there with true multi-bag opportunities. Why people think they are going to get rich here baffles me. NEW has a history of disappointing and tapping the shareholders for funds. Has anything changed for the better here? | cyan | |
01/9/2015 14:40 | cyan, your post 11508 said "at best maybe £2m could be used to acquire an asset" Today's statement says none of the cash is budgeted for a deal it's only enough to begin the process. Aiming to renegotiate the sole remaining license to delay the deadline being Oct 2016 is a giveaway they're looking at end of 2016 as the earliest timeframe for a deal, which probably means 2017. If net trade creditors are -£0.4m (they were -£0.3m at end June) real net cash is £2.5m, which would last 15 months based on these assumptions for cash burn; -£0.1m/month general overheads and admin -£0.2m a quarter on due diligence/travel | bam bam rubble | |
01/9/2015 13:45 | Bam Bam, " On that basis, it looks like being a year or more of no progress here." === No change there then! | andy | |
01/9/2015 13:37 | The cash numbers confirm that about £100k is spent each month on G b& A with little to show for it. Its been patently obvious since the placing that there are insufficient funds to complete a deal that will yield profit to cover the high G & A costs. In my numbers calculation in post 11508 I underplayed the field enhancement costs . My suspicion they will result in less than my £2m estimate available for the purchase. More funding is required. Another placing or what? | cyan | |
01/9/2015 12:48 | At Jan 1st 2015 the company has £0.7m cash and completed a £3.5m placing in July. As of Aug 28th 2015 the company has £2.9m gross cash (before net trade creditors) which is sufficient to allow the group to start implementing its stated strategy. Confirms funds aren't enough to implement its strategy, only enough to start the process. In terms of how long they expect that process to take; "options to ensure the group maintains a presence in Belize once the PSA license expires in 6 weeks include possibly re-applying for the licence under a new PSA" That remaining license expiring would turn NEW into an investment company with a year to implement its investment policy before being suspended. So the intention to renew it suggests management aren't comfortable with a potential deadline of Oct 2016. On that basis, it looks like being a year or more of no progress here. | bam bam rubble | |
01/9/2015 12:15 | Richie, Well good luck with that, I suspect they will say they are sorry, (which they are as it cost them money too!), and point out something in their terms and conditions about not being able to guarantee 100% uptime, effectively force majeure. To be fair you could have sold at the higher price yesterday. You could ask for compensation, they may do it to keep you happy if they can trace your attempts to trade. | andy | |
01/9/2015 10:22 | How much does the former CEO owe NEW as a matter of interest Wouldn't recommend this share to anyone altho at least todays announcement had a degree of positivity about it and I guess we do have £3M in the bank No idea what News creditors are as for me I have a very modest free run here and I do feel sorry for those who caught a cold here. | billthebank |
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