Share Name Share Symbol Market Type Share ISIN Share Description
Paternoster Resources LSE:PRS London Ordinary Share GB0001636918 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01p -7.14% 0.13p 0.12p 0.14p 0.13p 0.125p 0.13p 7,039,321 09:51:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Personal Goods 0.0 0.5 0.1 2.6 1.32

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Date Time Title Posts
18/1/201816:12Paternoster Resources3,817
28/9/201721:04dear peter.11
29/12/201220:50Henryatkins Blog134

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Paternoster Resources Daily Update: Paternoster Resources is listed in the Personal Goods sector of the London Stock Exchange with ticker PRS. The last closing price for Paternoster Resources was 0.14p.
Paternoster Resources has a 4 week average price of 0.12p and a 12 week average price of 0.11p.
The 1 year high share price is 0.21p while the 1 year low share price is currently 0.11p.
There are currently 1,016,607,956 shares in issue and the average daily traded volume is 1,781,068 shares. The market capitalisation of Paternoster Resources is £1,321,590.34.
higson1: Absolute shambles . Shareholders value decimated by this mostly crew headed up by Nick Lee and his mates. The most incompetent board of any aim listed company they seem to be unconcerned about the falling share price.
isa2020: Nice trade gone through.Like I mentioned - share price is half the value of companies assets
isa2020: From the statement"... As at 30 June 2017, the Company's net assets amounted to GBP2,790,495 or 0.27p per share,...." What's been happening with these assets "... since the period end, the Plutus share price has increased by a further 60%, adding over GBP400,000 to the Company's net assets."The assets are worth more than the share price -Sell the shares and dividend them to shareholders
higson1: Another bag of rubbish from Nick Lee and his bag carrier Amanda VD. When will it stop ? The worst fund manager in the UK , loss of asset value and a declining share price. Looks good on his CV . EGM looms to remove the board as the only way to restore value. The board own less than 1% of the shares so don't care about the share price . They only want their monthly salary as they are jobsworths and would be better employed by the NHS. Promises of distributions and share buybacks are all pie in the sky from Mr Lee and his so called advisors / nomads.
atholl91: Got it right on the button. Nick Lee rated possibly the worst Fund manager in the city by Tom W at share prophets. Share Price has lost 70% of its value since he arrived and his stake is worth £26k. This city slicker presides over a 40% disc to NAV which shows what the NAV really is!
higson1: Boot out Nick Lee , he's destroying asset value and the share price is collapsing . Everything he touches is rubbish. Shareholders should vote him out now . There are better people to run this plc and restoring value.
higson1: Another drop in the share price. Presume nick lee preparing another placing for £200k to give him money for next 6 months.What does he care about shareholders , he's only got a pathetic shareholding so he's not bothered. Usually with this sort of small cap I'd expect the ceo to have at least 30% of the equity but not our dear friend nick who has less than 10% . How about the fragrant amanda , what does she do for her money as a non exec ?????Perhaps The nomads should get involved and dump master nick as he's useless.
paleje: The logic of today's announced deal with Polemos escapes me. £150k worth of new PRS shares to get an interest in one quarter of £400k worth of cash and 'equivalents'. And destroy PRS share price, already seriously uderperforming, in the process. Well done Nick.
mick113: The key unaudited performance indicators are set out below. COMPANY STATISTICS 31 March 2015 31 December 2014 -------------------------------- -------------- ------------- Net asset value GBP2,698,816 GBP2,758,784 Net asset value per share (fully diluted) 0.38p 0.39p Closing share price 0.195p 0.245p Share price premium/(discount) to net asset value (49%) (37%) Market capitalisation GBP1,312,073 GBP1,648,502 -------------------------------- -------------- ------------- The Company's total net asset value ("NAV") has remained broadly flat over the last quarter, although since 31 March 2015, the NAV has increased significantly due to an increase in the share prices of Metal Tiger (AIM:MTR), MX Oil (AIM:MXO), Northcote Energy (AIM:NCT), and Plutus Powergen (AIM:PPG). The Company's principal investments are as follows: Investment Ticker Shares held ------------------------------- ----------- ------------ Listed ------------------------------- ----------- ------------ Metal Tiger plc AIM:MTR 27,000,000 ------------------------------- ----------- ------------ MX Oil plc AIM:MXO 8,600,000 ------------------------------- ----------- ------------ Plutus PowerGen plc AIM:PPG 94,300,000 ------------------------------- ----------- ------------ BOT:SHU Shumba Coal Limited SEM:SHCL 2,500,000 ------------------------------- ----------- ------------ Northcote Energy plc AIM:NCT 62,037,626* ------------------------------- ----------- ------------ Unlisted/pre IPO ------------------------------- ----------- ------------ Elephant Oil Limited - 1,185,770 ------------------------------- ----------- ------------ Andiamo Exploration Limited - 640,000 ------------------------------- ----------- ------------ Bison Energy Services Limited - Loan notes ------------------------------- ----------- ------------ *This is the estimated number of shares that the Company will ultimately hold in Northcote Energy once North American Petroleum plc has completed the distribution of Northcote Energy shares it received as consideration for the sale of its oil and gas assets. This is expected to take place in the next few months. The balance of the portfolio principally comprises cash and investments in highly liquid companies including Rio Tinto plc, Cairn Energy plc and Ophir Energy plc. As at 31 March 2015, the value of cash and these investments amounted to GBP477,832. During the quarter there has been good progress with a number of the Company's investments: Metal Tiger plc The company has revised its strategy and established two distinct investment divisions: the Direct Equities Investment division; and the Direct Projects Investment division. The Direct Equities Investment division is focused on taking advantage of the low valuations of many listed junior resource companies. This division has made investments in companies such as Kibo, Eurasia and Ariana and has already realised some significant profits. The Direct Projects Investment division will continue to invest directly in projects in the natural resources sector. This division has been progressing a number of its projects - drilling has commenced at its Lagrosan gold and tungsten project in Spain and operations have also started at its gold project at Chanthaburi in Thailand. The company has also raised additional funding at the prevailing market price underpinning the company's current valuation. MX Oil plc MX Oil is continuing to work towards securing onshore conventional acreage in Mexico. The tender, known as Bid Round 1, for mature onshore conventional fields in the states of Tabasco, Veracruz and Tamaulipas will open shortly. Furthermore, a recent announcement by the President of the National Hydrocarbons Commission has said that for the third phase of Bid Round 1, those companies that can demonstrate extensive experience in either working with Pemex, the state owned oil company, or a proven track record of developing onshore fields will be prioritised. Given the track record of the company's partner, Geo Estratos, in working with Pemex, this clearly enhances the likelihood of MX Oil being able to secure a licence. As well as participating in Bid Round 1, the company is also working alongside its partner, Geo Estratos, to secure existing fields operated by Pemex, via farm out agreements. Plutus PowerGen plc Plutus PowerGen, a company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, is continuing to make good progress in developing 200MW of flexible energy generation in the UK. The company now has connection offers for 180MW of capacity on five sites. It is also in the process of securing two management contracts which will generate some immediate income and it has also received two offers of asset finance for GBP2.5 million to complement equity funding from Rockpool. Northcote Energy plc Northcote Energy completed the acquisition of North American Petroleum's oil assets and raised over GBP4 million in new funds. Paternoster will be receiving shares in Northcote Energy in exchange for the shares it holds in North American Petroleum. Last month, the company contracted a drilling rig for a new well on its Shoats Creek prospect where it plans to drill shortly. In addition to its exploration and production operations in the USA, Northcote has also been increasing its exposure to the oil and gas sector in Mexico. The company has appointed a new Executive Vice President for Mexico and has also announced a partnership with Gaia Ecologica S.A. DE C.V, a Mexican environmental service company in order to look at new business opportunities together. The Northcote Energy share price has increased very significantly in recent weeks. Shumba Coal Limited The company has recently reached an agreement for the acquisition of the Mabesekwa Prospecting Licence in Botswana. The estimated JORC in-situ coal resource is over 800 million tonnes, predominately contained in one coal seam, with an average seam thicknesses of greater than 18 metres with a flat and consistent profile with the coal found at average depths of 50-60 metres, to be accessed by open strip mining. Shumba has also executed an agreement with Mulilo Renewable Project Developments for the joint development of the Mabesekwa Export Independent Power Plant at the Mabesekwa Coal Project. The company has also just raised US$2.75 million to finance this expansion at a 27% premium to the prevailing share price, demonstrating a good level of support from investors. Bison Energy Services Limited This company is currently in the process of being reorganised in order to be better positioned to explore the various options available to it in order to capitalise on its deposit of frac sand and associated permits in the US. Elephant Oil Limited Elephant Oil continues to progress its work programme on Block B in Bénin. The company has recently begun the Environmental Impact Assessment ("EIA") covering the area of interest where future surveys and drilling are to be targeted. The EIA is a prerequisite to the new seismic acquisition programme planned in 2016. The company has also identified further potential acquisitions in West Africa and due diligence is being carried out on selected assets. Nicholas Lee, Chairman of Paternoster, commented: "A number of the company's investments continue to make good progress and, in recent weeks, for those that are listed, this has been reflected in good share price performances. At the same time, there has been a clear increase in the liquidity within the portfolio. The Company also continues to observe and review some very interesting opportunities and expects to add further to its portfolio in the near future."
fenseal3: Great news today at PPG, last statement in Semptember for PRS below, since then their investments have grown...PRS share price 0.22p Chairman's review Paternoster has had an active first six months of the year making significant progress with a number of its investments. Net assets as at 30 June 2014 were GBP2,470,132 or 0.40p per share, slightly down compared to the year end (31 December 2013: GBP2,644,268 or 0.43p per share). However, this figure does not include the impact of recent developments at MX Oil plc and Plutus Powergen plc such that if these investments were included at current valuation, the Company's net asset value would higher at GBP2.8 million or 0.48p per share compared to the current share price of 0.28p. Why is this share not trading higher, both PPG and MTR doing well for PRS
Paternoster Resources share price data is direct from the London Stock Exchange
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