Nighthawk Energy Share Discussion Threads

[sleveen] 15/9/2017 17:35

B324

Before investing check current assets v current liabilities. If there are current liabilities ( most AIM sh*te falls into this category) don't invest...as a general rule.

IMHO, NAI.

[highasakite] 15/9/2017 17:01

Given the debt pile here the market cap of £3 million is exactly £3 million too much.

[twodegrees] 15/9/2017 15:48

Rick will not comment because, he has bought no shares, probably knows it is not worth buying any and will cream off his salary whilst watching this sink

[balbains324] 15/9/2017 15:34

Yep....i lost a similar amount of money in caza.

[highasakite] 15/9/2017 15:01

Good lad you know it makes sense.

[sleveen] 15/9/2017 15:01

Of course.

[highasakite] 15/9/2017 15:00

sleveen

You fully loaded with VOG yet ?

[sleveen] 15/9/2017 14:57

Looks like CAZA all over again.

[balbains324] 15/9/2017 14:55

Very poor performance. I'm disappointed to say the least. Will hang on till the bitter end now, with hope that it may recover. Let's see what half year results bring.

[highasakite] 15/9/2017 14:48

I can't believe this hasn't gone bust yet.

Can't be long now.

[twodegrees] 15/9/2017 14:40

will nighthawk go the same way...many many people on reflec lost out as many small poi's got wiped out as a result of the company going private.

[twodegrees] 15/9/2017 14:39

philmac 56
re reflec REFLEC PLC
(“Reflec or the Company”)
As a result of the shareholder resolution to consolidate 1000 shares for 1 new ordinary
share which was passed at the AGM on the 30th June 2010 and after consultation with our
advisors Reflec Plc has completed the consolidation today. This is in accordance with the
resolution which states that the consolidation will take place no sooner than 30 days from
the date of the AGM.
All fraction shares will be underwritten and purchased by the Reflec PLC Employment
Benefit Trust at 5p per old ordinary share and payment for fraction shares which are
greater in value than £1000
will be paid to the fraction shareholders during week
commencing the 2nd August.
New share certificates will be issued during week commencing the 2nd August 2010.
The new ordinary shares can still be traded using the matched bargain facility of JP
Jenkins.
If you have any questions please contact
Mr Timothy Robinson Chairman on 01606 593911
Mr Paul Holdcroft CEO on 01606 593911
Mr Martin Cope Company Secretary on 01606 593911.

[broncowarrior] 15/9/2017 12:00

Abysmal performance, extremely disappointed!

[blakieboy7] 15/9/2017 11:34

Exactly Phil!!! I made this point a week or so ago.

[philmac56] 15/9/2017 11:29

Hawk website currently so as .0030p

Why does Rick not comment on the fall in share price to this level.

[philmac56] 15/9/2017 11:09

Marmar...to continue I am sure that we had a vote for the consolidation.

Possibly twodegs can recall, add more about our experience of a co being taken private.

Their shares were once trading similar to here, now £280 - £300 range

[philmac56] 15/9/2017 11:06

Marmar80... I like twodegs was in Reflec Plc when the management took that private.

There was a consolidation of shares, which then made individuals to either sell or purchase more to a rounded number for consolidation.
Many investors lost out so they suggested.
I came out the other side happy, twodegs is still in.
The co set up share trading by X matching individuals who wanted to sell with those that wanted to buy.
Co cut huge costs as they were delisted.
I think the co currently pays a £6 Divi per quarter.

[rockin robin] 15/9/2017 11:05

Shareholders are the only ones to stop this.Im guessing no-one feels confident enough with the Newsflow available to buy huge swathes of the Co?Strange that.Lets see how lack lustre they can make the interims?Phil - just buy the Co.

[marmar80] 15/9/2017 10:56

Nobody knows here

[thetiminator] 15/9/2017 10:53

TheTiminator20 Jan '16 - 09:37 - 122682 of 126373

Any chance of this being taken private by Cleasson etc? How would they go about it if they wanted to?

[thetiminator] 15/9/2017 10:50

"It can only go 0.4p lower after all".

Sounds so much better than you can only lose 100% of your money ;)

[mallorca 9] 15/9/2017 09:04

I have mixed feeling re Rick ....

A lot went against us ...

3 years back everything was rosy ... Claesson had put up $10m to fund an exciting JV with Cascade with a 6 drill programme of 3D assessed prospects.
The drilling campaign was a disaster as were the JV terms negotiated by Rick.
The cash was soon drained with little to show for it.
At the same time oil fell to $27 per barrel.
How the Company has survived the past two years is quite remarkable.
Yes we now have a lot of debt but the majority of it is owed to the owners - so they can carry it over as they are doing now.
In the past 2 years we have also paid back $9m to CBA.

So ... I think Rick's JV terms were very risky and we were badly bitten by the drill failures, however, having got into an almost impossible financial position with oil at below $30 per barrel, it is a remarkable achievement that we are still here. Hawk has also spent a lot of money in complying with the JV terms in order to get 50 % assignment of Cascades acreage.
Also RF settlement, WF investment and well workovers.
The Company deserves a break ... which would be a lovely rise in the oil price and subsequent increase in revenues.
Personally I agree with the poster above that the current share price is a great risk/reward opportunity. It can only go 0.4p lower after all.

[marmar80] 15/9/2017 08:10

When I averaged down at 0.75 I thought it is a bargain, but now I know it was too early. Today's level looks like a great entry point now.

[marmar80] 15/9/2017 07:53

Mallorca, I don't know if the worst is behind us. I just think that Rick is playing as the creditors want and he forgot that that he is a man that is managing the company for shareholders interest too. I'm afraid that the below 50% could be 49% and a few days later the company will disappear from the exchange. Just as it happened to Atlantic Coal back in the days. They delisted company at the historically lowest share price level, just before they started making profits.. Similar? Also there was a loan that the company had to repay to the director's wife locked at 15% per year. Similar? If Rick acted in ALL shareholders interest, we wouldn't have face this issue right now.

[nibble] 15/9/2017 07:46

At last you're all finally cottoning on. This co will make money in the longer term but it will have been taken off the PI's long before that.