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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ophir Energy Plc | LSE:OPHR | London | Ordinary Share | GB00B24CT194 | ORD 0.25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 57.50 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 57.40 | 57.50 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 57.50 | GBX |
Ophir Energy (OPHR) Share Charts1 Year Ophir Energy Chart |
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1 Month Ophir Energy Chart |
Intraday Ophir Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/6/2019 | 14:41 | Ophir: African Exploration and lots of it. | 6,181 |
| 22/3/2019 | 06:33 | Zak Mir says to SPECULATIVE BUY in OPHR.L | 2 |
| 29/4/2016 | 15:26 | OPHIR ENERGY plc - African Oil & Gas | 116 |
| 03/10/2013 | 11:14 | Ophir Energy PLC - Drilling in Africa - ISA able | 75 |
| 25/5/2013 | 13:50 | Mittal's not just about steel | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 13/3/2019 09:25 by ashkv Re-post from another site.I hope this vote fails and the BOD goes with it, they talk of maximizing shareholder value why don't they reject the offer and resign and let the Petrus recommended directors take over ..... They talk of 55p delivering upfront value in cash, the share price was above this level until June 2018 after which point the BoD gave little guidance on future plans except at the mid-year results when they said they would move to Asia and find a quality CEO. The uncertainty drove the price down, the assets under the right management would be hugely cash generative. Which would have driven the share price back to the analyst predictions 80-90p. Note 5 in the results they have already incurred $8.0 million on the Medco transaction ! they incurred less on acquiring Santos $6.5 million. The talk about reducing costs but unit per barrel increased $11.47 in 2017 to $11.67. Production was above guidance due to Premier's work in Vietnam. Per the CFO the company is unable to pay dividends or perform a share buy back due to a lack of distributed reserves, so there won't be any payout prior to a takeover. So frustrated with this investment - high quality assets, low quality management |
Posted at 12/3/2019 10:24 by ashkv The more I think about it the more steamed i get - AS INVESTORS I DESERVE TO KNOW ABOUT MEXICO DRILL, RESULTS & POTENTIALLOOK AT THE SHARE PRICE OF ECO ATLANTIC - around 15% of a good prospect license in Guyana prior toany oil find and currently GBP155mn market cap Why didn't we get updates/RNS on the Mexican well spud, find, analysis & follow-on time line!!! Shameful conduct from the blathering, blustering & bullying muppets who have managed to destroy billions in share holder value with no remorse!!! AS AN INVESTOR THE MEXICO WELL IS HIGHLY HIGHLY MATERIAL TO MY SELLING OUT TO MEDCO ON THE CHEAP - DO YOU THINK THIS MIGHT HAVE BEEN HIDDEN AS BOOTH & SCHRADER WISHED TO PUSH FORWARD ON THE SLY WITH THEIR ABSURDLY LOW TAKE OVER HEIST WITH MEDCO - BRAVO BRAVO SANDGROVE, KITE LAKE, PETRUS et al FOR SHIELDING INVESTORS & PREVENTING A MOCKERY OF A TRANSACTION!!! |
Posted at 20/2/2019 10:48 by ashkv Dear Bill,On 14 January 2019, we sent you a letter expressing our view that Medco’s offer of 55p / share significantly undervalues Ophir. Since then, the market has traded millions of Ophir shares above 55p. At this point, Medco is paying less than the fair value of Ophir’s South East Asian production assets1 meaning they are gifted substantial synergies and the upside potential from Ophir’s licenses in Tanzania, Mexico and Equatorial Guinea (“EG”). Since you joined the Ophir Board, the share price has fallen 87% representing $2.1 billion of value destruction2 . We increasingly see a pattern suggesting a potential conflict of interest: The Board seems to prefer to sell Ophir at sub-optimal terms rather than fight for shareholder value: ? Your Operations and Trading Update on 15 January 2019 was exceptionally conservative. In key parts, management seemed to have revised essential factors, such as Ophir’s production outlook without logical explanation; ? You added Dr Adel Chaouch to the Board without mentioning his background as a specialist in EG or the fact he was proposed by Petrus Advisers and enjoys broad shareholder support; ? The situation in EG was mismanaged. You failed to meet with the key decision makers following the departure of Dr Nick Cooper in April 2018, who had held these relationships; ? You seem to have prematurely agreed a termination of the Fortuna license; ? We see no significant progress in marketing assets including Ophir’s Mexican licenses and the 20% ownership in Blocks 1 and 4 in Tanzania; ? You seem to not have professionally solicited and considered offers for Ophir from other buyers; and ? You repeatedly blocked shareholders’ demands for Ophir to return capital to shareholders which in the current situation has to be the basis for any Plan B when the current Medco offer will fail. |
Posted at 30/1/2019 07:51 by steve73 So they offered 58p on 22 Oct, a premium of around 35% to the 43p share price at that time, before making revised (lower) offers of 53.5p and then 48.5p to reflect to loss of the Fortuna licence and the sharply dropping oil price....and now the board have recommended a 55p takeout price, with a significantly lower oil price than in Oct, although recovering nicely. I suspect there may be a few large holders who will hold out for the original 58p. |
Posted at 28/1/2019 15:46 by spacedust Ignition was 55p then share price would have been stuck at 55p now. Before the takeover was ever rns'd the share price was approx 32p-ish then zoom it went to 48p after first rns was issued confirming there as an offer without mentioning the price. But market placed it at 48p and the BaNg the 48.5p offer was confirmed...... |
Posted at 27/1/2019 20:11 by goldennugget100 Translated by Google:KONTAN.CO.ID - JAKARTA. Amid uncertainty about Ophir Energy's acquisition, some analysts still doubt the impact on the performance of PT Medco Energi Internasional Tbk (MEDC) going forward. PT Medco Energi Internasional Tbk (MEDC) seems to have to reconsider the acquisition of a British company engaged in exploration and upstream oil and gas products, Ophir Energy Plc. Because, they asked Medco to increase the price offer that had been previously proposed by 48.50 pence per share or a total of £ 340 million for 707 million shares. The acquisition of Ophir Energy, Medco Energy was asked to increase the price offer William Surya Wijaya, Vice President Research Department of PT Indosurya Bersinar Sekur, assesses the progress of the acquisition. So, for now, the performance will still be greatly affected by the weakening world oil prices instead of acquisitions. "Even though the trend in oil prices has weakened, the acquisition or failure of the acquisition cannot be measured in MEDC's income and profit," he said. Meanwhile, Arandi Ariantara, Analyst at Samuel Sekuritas, saw the acquisition of Ophir Energy potentially boosting the performance of MEDC's EBITDA in 2019 by 44%. This is driven by the acquisition plan that has begun since October 2018. "The Bloomberg Consensus estimates the Ophir EBITDA 2019 to reach US $ 292.8 million, so MEDC's EBITDA has the potential to reach US $ 964 million, up 44% from the 2019 EBITDA assumption," he said January 17, 2019. Arandi also noted that in 2018, Ophir Energy acquired productive assets from Santos Ltd, Australia, including the Sampang PSC Block, Madura in Indonesia. "MEDC's production, if the acquisition is realized, will be 116.7 mboe / d, which is 41% oil, and 59% gas. We estimate MEDC's oil and gas production by the end of 2019 to be 90.3 million barrels of oil equivalent per day (mboe per day) with block A Aceh contributing gas production of 6.0 mboe / d. then the entry of Ophir's production of 27.0 mboe per day of MEDC 2019 oil and gas production increased to 116.7 mboe per day including 41% oil and 59%, "he concluded. Arandi estimates that the acquisition value of MEDC and Ophir Energy can reach US $ 718.6 million, if using the 2018 price to book value assumption of 1.1 times. Previously, he saw Ophir Energy reject an offer of US $ 437.6 million with a value per share of US $ 0.62 per share. When using the P / BV assumption in 2018 of 1.1 times, Arandi sees the value of Ophir Energy's acquisition of US $ 1.02 per share. Arandi recommends buying shares with a target price of Rp. 1,300 (0.70p) per share. While William Surya suggested selling with a target price of Rp 950 (0.51p). hxxps://investasi.ko |
Posted at 23/1/2019 10:39 by ed 123 There's a firm market in Ophir today (46p, up 2.5%). No certainty, of course, that a bid will be tabled. However, I remain of the opinion that a bid is more likely than not.Level of any bid? The suggested level was 48.5p. Oil has firmed a bit since then. It may work better for Medco to be just into the 50's, say 50.5p? Then see how it is received by the big shareholders. Might need to increase the bid after the first count? Final offer at say 55p or thereabouts? Fwiw, I wouldn't pay too much attention to broker targets. They can be a long way out. By way of illustration, today RPC have recommended acceptance of a takeover bid at 782p per share. That takeover price is lower than all of the broker share price targets I've seen (880p to 1230p). Hoping for the best for holders. |
Posted at 11/1/2019 12:49 by ashkv Letter sent to Ophir managementDear Alan Booth, The non-firm offer of 48.5p from Medco has to be rejected as it is undervaluing Ophir's assets. It is not even providing for "Net Asset Value" prescribed to Ophir post a full write-off for Fortuna license per Ophir's balance sheet, is prior to Zama appraisal results by Premier et al (which could highly enhance value of our Mexican licenses), ascribes minimal value to Tanzania Gas Assets along with Mexican & Equatorial Guinea licenses. The offer is highly opportunistic and came about when Brent was trading at 1.5 year lows, GBPUSD close to multi-year lows.....I will refrain from continuing as you can comprehend what I am seeking to convey. I appreciate management have minimal shareholding but it is your fiduciary obligation to ensure long term Ophir shareholders, British Pensioners etc are treated fairly. Ophir's advisor Morgan Stanley had a 80p target price for Ophir prior to withdrawing the same on 31st December 18 due to their involvement in Medco talks - I would hope Ophir management / Morgan Stanley will get at least this base level for Ophir in a market that is only now recovering. A number of British listed E&P firms are trading significantly above their December 2018 lows and volume weighted averages -Premier Oil, Genel, Cairn Energy as the market has recovered in short tenure - therefore the premium offered by Medco is almost minimal if one is to assume Ophir would track the share price of fellow producing E&Ps. I look forward to reviewing Ophir's update on 15 January 2019 and it's rejection of this highly opportunistic offer from Medo to pry away these valuable assets just when they are starting to perform well and accrue value to long suffering Ophir shareholders. Hopefully your short tenure has a more favourable outcome than that of prior CEO Nick Cooper which has led to the Medco offer which in practical terms if accepted will not be much better than a bankruptcy/liquidati Best regards |
Posted at 09/1/2019 13:41 by ashkv You mentioned Faroe and from my understanding management is fighting this bid as it considers it opportunistic and hasn't recommended the predatory/low ball bid from DNO - and DNO is likely to go hostile!!!!Also post Nick Cooper leaving followed by Schlumberger Fortuna Exit on 31 May 18 - the share has taken a battering and likely is down a bit due to Fortuna news hangover (though recent share price movement post Fortuna license exit would indicate it was priced in). Nonetheless in the last 6 months post Schlumberger bailing out on Fortuna, write down from Ophir of $300mn the share price was 53p in June - when GBPUSD was around 1.35p versus 1.27p Therefore in dollar terms given Brexit stress Ophir is cheap as chips. SANTOS ASSETS HAVE OUTPERFORMED AND PRODUCTION AROUND 27k bpd - per increase in production news from December Drilling RNS. THERE IS NO NEED TO SELL OPHIR JUST POST FORTUNA NEWS WHEN ASIAN ASSETS OUTPERFORMING, FORTUNA HANGOVER ON STOCK & ENERGY MARKET JUST RECOVERING FROM A RECENT SELL OFF. Ed1233 They were trading at 33p not long ago. That didn't suggest a realistic chance of reaching £1 next year. The shares have slipped a tad this morning (42p). I'd be very pleased if a recommended bid of say 55p were made. There needs to be something in it for the bidder, or why bother? (Look at Faroe Petroleum - fallen to a bid below brokers' price targets. That's realistic pricing.) |
Posted at 07/1/2019 07:44 by ashkv Ophir net assets were US$ 1,087,219,000 as of half year 2018 results on 30 June 2018Even if impaired for $300mn per announcement Ophir assets are $787 MILLION at current share price of 44.80 and GBPUSD of 1.27 - Ophir market cap is $402.5m - based on assets Ophir Share Price should be near double at 88p, FORTUNA SHOULD HAVE BEEN FULLY PRICED IN - ONLY A NUMBNUTZ WOULD THINK THERE WAS A LESS THAN 95% CHANCE THAT LICENSE WOULD BE REVOKED. I WAS HOPEFULLY NEW CEO MIGHT PULL OUT A RABBIT FROM THE HAT BUT HE IS AS USELESS AS NICK COOPER. I would think takeover at less than Morgan Stanley target price of 80p would be highway robbery.... |
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