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ONE Oneiro Energy Plc

10.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Oneiro Energy Plc LSE:ONE London Ordinary Share GB00BNRR5980 ORD GBP0.0085
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.00 9.00 11.00 10.00 10.00 10.00 0.00 08:00:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Oneiro Energy Share Discussion Threads

Showing 151 to 174 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
06/9/2023
18:33
We are back !
theblackbaron
17/7/2023
08:00
suspended....
sos100
03/7/2023
12:45
Best boards are silent ones retail not here yet and it’s up 20% on average a week
theblackbaron
27/6/2023
11:06
Agree so undervalued compared to wildcat petroleum around 13m cap share price seems on the move again.
theblackbaron
27/6/2023
08:59
It's a no brainer at this market cap. Wildcat didn't have the management team onboard here. It will go much higher. Tiny free float and tiny market cap. As each new buyer comes in the market makers get squeezed up.
loglorry1
26/6/2023
14:58
I have just been looking at the total bonkers rns of wildcat petroleum once onerio energy have a quote significant asset let alone an MOU I agree with poster comments of 20m cap to start.
theblackbaron
15/6/2023
20:46
Yes was a wonderful experience hopefully the good times will be back
theblackbaron
15/6/2023
16:25
Afternoon Chris, loverly weather for a jazz festival, I never forget that barmy summer evening in Malvern church hall, and yes the famous rock
mr hangman
15/6/2023
15:08
Afternoon Mr H Clyde Petroleum lives on ! Certainly get to another 1 billion market cap of desire petroleum would indeed be good and I have dusted off the famous rock once the retail turn up 10 times above today’s price.
theblackbaron
15/6/2023
14:51
I wonder how many Mathon Court boys are in this
mr hangman
15/6/2023
14:24
It's going much higher as people join the journey. Should be at least £20m market cap.
loglorry1
15/6/2023
13:22
Healthy buys popping up I am beginning to think asset news maybe In 2h based on the buying.
theblackbaron
13/6/2023
07:47
Of course when a speculated gas asset for example mentioned in ipo documentation arrives the market cap could be £80 million or more depending on size but near term speculation will drive one up to previous wildcat petroleum levels
theblackbaron
12/6/2023
17:38
I think so. The free flow at is so small every time someone buys £5K worth it puts on another 10%. Onwards and upwards.
loglorry1
12/6/2023
16:19
WCAT did 0.1 to 4p in less than 6months on IPO, 40bagger perfect.This one is going same way
alexios1201
12/6/2023
16:13
Few more trades above that since could go all way to £80 million cap on no news like wildcat petroleum did clearly tight book and that was in 4 months post ipo
theblackbaron
12/6/2023
14:39
Up strongly again and just traded 25,000 at 9.35p
loglorry1
09/6/2023
14:26
I cannot recall how many bags Wildcat Petroleum performed in the brief four month period after IPO with limited cash, poor management but I recall at least 10 times on no material news I wonder what’s in store for Onerio ? Up 90% already from IPO and speculation trillion gas assets.
theblackbaron
09/6/2023
08:37
Price keeps climbing. More people gettig onboard for the journey.
loglorry1
08/6/2023
18:47
Yes the ex-Cairn guys won't have got involved unless they see it at hundreds of millions one day.

This could 10 bag quickly then go on from there.

loglorry1
08/6/2023
13:16
@NobleHo08105240 on twitter a good general start on speculation of what going on regarding company, certainly the share price is moving up however still cheap if you base assumptions on assets etc mentioned gas in ipo documentation.
theblackbaron
08/6/2023
13:13
Price rising nicely as people start to switch on to what's going on here.
loglorry1
07/6/2023
14:40
Twitter speculating trillion gas assets noblehouse
theblackbaron
05/6/2023
14:56
Oneiro Energy (ONE.L) is a cash shell listed on the LSE 25th May 2023, one week before the rule change stating that cash shells will need to be a minimum of £30m going forward. ONE.L is the last cash shell that listed. The Company intends to look for an energy related transaction in oil & gas, nuclear, green energy or carbon capture/storage.

Funding
The Company raised £1.2m in their IPO at 5p/share and will have NET cash of c£1.1m after costs of the IPO. They raised £360k pre-IPO at 3p which went towards the IPO costs and market research, evaluating a number of potential opportunities. The broker for the IPO was Peterhouse Capital although a lot of the money was raised by Jub Capital who took their fee in stock (5.66%) and are locked in for 6 months alongside the directors.

On the long side, Jub Capital floated Mkango Resources (MKA.L) having raised £1m @ 3.3p in 2016, the stock reached a high of 38p in 2021 and trades at 11p today.

Management
Robert Jones – appears to be the key man here. Robert Jones was Head of Exploration for Cairn Energy (CNE.L – now Capricorn Energy) from Sept ’07 to Sept ’13. During his tenure the stock went from 240p to a high of 650p and finished at 320p when he retired. The highlight was the Senegal discoveries of >1bn barrels of oil. Mr Jones appears to be a proven hydrocarbon finder.

Rod Murray – is a drilling specialist having ran drilling campaigns for Cairn Energy (Greenland) and Apache in Suriname. Greenland’s drilling was not successful in finding hydrocarbons but the scale of the exercise was vast. The Apache campaign was more successful, with 4/4 discoveries and then a multi-billion USD farm out to Total.

John Treacy – is an M&A lawyer and adviser to a number of AIM companies on IPOs, acquisitions, debt, restructurings and placings.

Major Shareholders
Oliver Leatham (7.08%) is one of the owners of Leathams Group Holdings, a food conglomerate which turned over £60m in 2022 and made profit of £12.1m.
Finian O’Sullivan (5.39%) was the founder and CEO of Burren Energy PLC which was sold to ENI in 2008.
Adam Dziubinski (5.39%) founder of Jub Capital, see above.
Jonathan Elkington (4.04%) is the Co-Founder and Head of Real Estate at Nasdaq Listed Alvarium (ALTI) – a $500m investment company.

Management ownership – 14.37%

Management Incentivisation
Management are to be awarded warrants upon reaching share performance milestones, these are as follows:
9m warrants @ 0.85p issued if the shares trade > 10p (+100%) for 20 trading days.
9m warrants @ 0.85p issued if the shares trade > 20p (+300%) for 20 trading days.

Summary
Shares have gotten off to a good start, +40% from the 5p IPO to £2.9m market cap.

Whilst this now trades at a c£1.8m premium to its cash balance, it is clear to me that there is a premium to be applied for management and major shareholders. Also from the first week of trading it would appear that the shareholder register is very tight. Yes there are cash shells out there which might be cheaper but they will not necessarily be clean, have as good management or supportive shareholders. One only has to look at Wildcat Petroleum (WCAT.L) which went from 0.1p to 4p on its debut in 2021. The Company still has a market cap of £11m and net assets of only £235k.

Looking through the prospectus, cash burn appears to be c£15k/month.

I am backing them to do an interesting transaction and I think the shares are worth a punt. As ever DYOR! Good ;luck!

loglorry1
Chat Pages: 7  6  5  4  3  2  1

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