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PAN Pan European Terminals

22.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pan European Terminals LSE:PAN London Ordinary Share GB00B12V3082 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 22.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Pan Euro Share Discussion Threads

Showing 1326 to 1346 of 1525 messages
Chat Pages: 61  60  59  58  57  56  55  54  53  52  51  50  Older
DateSubjectAuthorDiscuss
21/2/2014
16:05
It was me pantastic and the word (repeatedly) used was 'nonsense'.

I didn't ask about debt. Its more likely someone is deramping for whatever reason, personal or otherwise. Could be wrong ofcourse.

m_b2
21/2/2014
15:26
Another poster here says he spoke to SLE and cleared up the matter and the understandinf is the LSU post is a work of fiction.

Read back a page or two...

I agree the timing is interesting

pantastic
21/2/2014
13:57
You make an interesting point, CJohn and of course the radio silence as far as RNS releases in the last 3 months, whilst frustrating for us P.Is does help keep the company's remedial activities a little more protected from the Rosbunker JV "partners" and Belphar.

In short, I'm happy waiting a little bit longer if holding cards close to our chest is the reason for any delay in trading updates and/or Rosbunker resolution.

There's no perfect textbook join the dots way of resolving all of this whilst trying to run and expand a European transhipment network and all this whilst batting off whingy PIs like all us lot here. When I'm fixing a problem at work and the phone doesn't stop ringing with calls asking "how you getting on with that XYZ problem?" I do like to say "I'm doing okay but whilst I'm on the phone to you I'm not fixing the problem".

In short, I remain supportive rather than overly critical of the CEO as I'd not fancy having to sort out all this myself - I prefer being sat safely behind a desk pressing buttons. He could have thrown the towel in back in 2010/2011 and it could have been game over for us all back then. As it happens, it wasn't. As a result, I'm cutting him just a little more slack for a bit longer. I am half Mr Escott's age but probably only have half his energy.

pantastic
21/2/2014
13:31
You have put your finger on it NAB. Without the contribution from Rosbunker, PAN hasn't been able to generate positive cash flow for some years.

However, the reform of Dan-Balt MAY just allow us to break even in cash flow terms. Now it has been refurbished, hpefully capex will fall.


Setting a deadline was unnecessary and is a tactical error. The criminals occupying Rosbunker can read PAN's press releases and know of this "deadline" too, as does Belphar.

If Rosbunker isn't resolved by April, this will increase the pressure on the company.

cjohn
21/2/2014
12:07
The one point that has not been raised is whether the bad debt situation has escalated and as a result we are taking a direct hit to our bottom line as a result. It does make me nervous when I see the price drop in this way, if only that I was invested when all of the Rosbunker news came out of the woodwork and clearly in that instance, some investors had access to better quality information than others. The credit control process did not exactly fill me with confidence and there was not enough attention to this in my view in the last set of accounts as it's been a creeping problem for well over a year now
nab2807
21/2/2014
10:37
Clearly and rightly none of us are happy with the current situation except perhaps KoB, but I'm pretty confident that the PAN directors are not happy either and doing everything possible to sort out Rosbunker.

Resolved allegedly, that's right, we can't be sure it will be sorted anytime soon and it's hurting the company.

But surely we all know that is what our enemies objective is and the longer they drag it out the more chance there is of the BoD capitulating under shareholder pressure. Painful though it may be, we need to support the BoD through to the end of this playing the long game as necessary - we support Simon Escott's stance or accept we lose.

aaainvestment
21/2/2014
09:11
Rosbunker will be resolved this year*.

(*Allegedly)

m_b2
21/2/2014
08:19
I'd be happy with £10m and walk away from this Russian nightmare. Until this is sorted a "cloud" will hang over PAN. SILENCE from the company does not fill me with enthusiasm either... after years and years of telling them they need to communicate with shareholders more nothing changes!
oli12
21/2/2014
08:08
I dont think that preparing for the worst is s bad thing and certainly not worse than ramping thoughts of dead cert £20m windfalls.

I just think there's much more to PAN than just Rosbunker and its always going to be a pain in the backside.

I think it will get resolved buy not for full price. Just trying to realistically adjust my expectations given the time elapsed and the russian business landscape!

pantastic
21/2/2014
07:49
Pantastic, I have been here many years waiting and waiting I remember when we had a crack at exploration and found zilch. It worries me that in your post above you are almost preparing us for the worse i.e. no Rosbunker... that would be a disaster for PAN's credibility and mean IMO 22p was a fair offer given the unpredictable nature of this company. I hope I'm wrong and something can be salvaged. Until we get news the share price will keep slipping.
oli12
20/2/2014
20:41
boom boom boom

bangin on ma drum !!!

boom boom boom

AAA has bought more

boom boom boom

boom boom boom

AAA is in da shorters pot

boom boom boom

i smell Bisto

yummmm yummm yummm

KOB says - i woz tellin ya so innit?

The market leaveth the small AIM investor not big heap cash on table.... what happened to that easy win 10% from 20p to 22p?

KOB warned ya!!!

king of bongo
20/2/2014
20:32
Rosbunker is an elephant in the room that needs shifting one way or another for things to move on. Even if £0.00 is recovered, that's priced in. Some investors are in this share, understandably, as a "double or quits" binary bet.

I am not.

The European operations more than justify a £20m market cap on their own and they don't involve having to share the table with dirty, sneaky Russians.

I can't think of any major reason why the European ops would have been adversely affected, if anything they should be going better than before now that Dan Balt has faster throughput courtesy of the investment in the new pumps.

There are bound to be a few people bored and having run out of patience - it's been a long wait for many of us who have been invested for 4 or 5 years or more but I'd kick myself if I gave up now just because of a creative story on a bulletin board and a few pesky Russians who have made sorting out one part of a group business a bit of a nightmare.

I remain positive albeit slightly disappointed at the lack of any news in 3 months but I am sure there are reasons. If I'd spotted massive volumes of selling, I'd have a different view but that's not the conditions I am seeing or the gut feeling that I have.

Keep calm and don't PANic :)

pantastic
20/2/2014
19:54
From the final results June 2013 - re Rosbunker.

The Directors continue to pursue direct control of the asset and, by the end of 2012, had made encouraging headway within the Russian courts. Further, the Group's current 50% holding in Rosbunker is now deemed secure and protected under Russian law.

Concurrently, other options for the resolution of the situation are also being pursued by the Directors, and a number of attractive corporate transactions are under negotiation, one of which is with a large Russian financial institution. The Directors consider any one of these possible solutions to be strategically positive for the Group's future.

The Directors are confident that any of these options will ensure cash flow is returned to the Group by 1 April 2014 at the latest.

Tick Tock... will the April deadline be met? we will know soon enough given the drifting share price the market is not positive. If there is no resolution by April I have to reconsider my investment here this has gone on long enough.

oli12
20/2/2014
12:23
Just looks like PI's selling up to me.

Notably someone seems to be mopping them up.

PS - In response to the other forum. There have been no 'failed purchases' anywhere. There are no problems except the one that is known about and is in the public domain. Things are going well. Simon will freely tell you this (and more) if you ask him.

m_b2
20/2/2014
11:27
Having read the PAN thread on the LSE site there seem to be unsubstantiated rumours about PAN - patience is being tested AGAIN
oli12
19/2/2014
12:31
The Ukraine problems may start to have an impact on PAN and other companies associated to oil shipments if the EU impose sanctions - May be positive, its hard to tell and depends how things pan(sorry) out. I recall the Ukraine is a transit country for oil exports and I suppose could retaliate by disrupting supplies. I'm not sure who may benefit - probably anything long on fuel prices it turns nasty and traders start to worry.

I'm not fully conversant with energy export routes through Ukraine, but for gas wiki states: "Russia provides approximately a quarter of the natural gas consumed in the European Union; approximately 80% of those exports travel through pipelines across Ukrainian soil prior to arriving in the EU.[1]"

It may effect storage and transit costs if any sanctions are actually introduced


Extract from a Telegraph article:
"Ukraine protests: EU calls for sanctions as 25 die in latest violence"
"European Union to hold emergency meeting of foreign ministers as leaders warn sanctions are likely following the latest clashes"

aaainvestment
18/2/2014
16:52
Can someone lend the BoD a biro with which to write a trading update?

Soon please!

pantastic
18/2/2014
11:50
Sadly i dont think the damage is done yet - it is ongoing. Another tick down just moments ago. Investors are clearly selling into this drop, which is furbishing mm's with new stock with which to drop the share price further - vicious circle and one that won't be stopped without NEWS !!. PAN arnt a one trick pony anymore - sure the Robsunker has the potential to be a game changer but we have enough alternative resources performing well (allegedly) to warrant a trading update which could likely put a floor under this drop.
smokyjoe
18/2/2014
10:51
The damage is already done now and on what appears to be insignificant selling pressure. IMO potential buyers will be sitting on their hands, though tempted I am resigned to wait and can understand why buyers are in short supply with all the uncertainty. News will now be wasted unless it's accompanied with the final sort out of the Rosbunker mess.

The sad thing is that the company is most likely performing really well on all fronts but cannot realise any of the money wrapped up in Rosbunker - that settlement seems to be the pre-requisite for the company to move forward at least in terms of share price

aaainvestment
07/2/2014
12:47
Perhaps I could also quote another poem for your delectation, this one from Tennyson rather than TS Eliot. "Guns to the right of them, guns to the left....." from The Charge of the Light Brigade - describing the dreadful outcome of an earlier incursiĆ³n of naive Brits onto Russian territory.

Come on, guys, we're allowed to have a sense of humour about all this, even a warped one like my own.

I'm afraid the April deadline is based merely on will and hope, nothing more. They shouldn't have set a deadline that didn't have some basis in the underlying situation. It smacks of amateurism and naivety.


Russia is an extremely difficult place to do business in, if you don't have very good connections. PAN don't sadly. Never did. I'm afraid. AAA, I don't see that they have the upper hand, given that they can't get physical access to their own installation.

Obviously, Belphar are opportunists. But they were prepared to make an offer BEFORE recovery of Rosbunker, so on that point alone, I am more optimistic than you, Pantstastic, and I'd expect some further move from them, when the exempt period is over. Obviously, they have much more clout on Russian soil than PAN.

As ever, I remain a holder, for reasons I've explained in the past and which I think we all share.

cjohn
07/2/2014
11:55
I would like to remind everyone that what has happened to PAN in Russia is par for the course, there are loads of examples, the only option is to fight your corner and our CEO has done that to good effect.

I was reminded of the risks yesterday when reading about the collapse of the Russian rouble, an article in the Moscow times (nothing to do with PAN) has a quote from a US businessman:

"Pigman, who now runs a fleet of school buses as well as importing and exporting construction equipment, has seen just about every face that business in Russia has to offer, including the innards of a jail cell in the early 2000s when his Russian partner stole their business from under him and orchestrated his and his wife's arrests."

I few things spring to mind, first I think Mr E wise to avoid taking family holidays in Russia. Lol

But also that dealing with fraud takes time and patience, losing composure will almost certainly mean losing the battle and I never expected Rosbunker to be sorted quickly if we were to have a victory.

The perpetrators probably planned the sting very carefully before making a move and PAN have done very well catch up to gain the upper hand.

aaainvestment
Chat Pages: 61  60  59  58  57  56  55  54  53  52  51  50  Older

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