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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Plutus Res. | PLR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.80 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.80 |
| Top Posts |
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Posted at 15/7/2014 12:14 by bishopawn One of the things I like about share price Angel is the reputation of their research team. I expect that potential investors and the market generally will get in-depth and reliable analysis of the UK Energy Market that Plutus is about to enter, as well as the potential profitability of the business going forward.The other thing is that share price Angel is the kind of broker that can come up with very significant sums of money for Plutus Energy to get itself established in a situation, where there could be very significant shortfalls of electricity in our National Grid. I believe that something over 30% of our electricity comes from fossil fuels, which have to be phased out in the not-too-distant future. Replacement and extra Nuclear Power Stations are many years away from commissioning, and our reliance on Wind and Solar Power is very shaky, simply because it is unreliable. To keep the lights on, the National Grid will need plenty of Standby Generator Capacity, and our Plutus I think is going to be one of the players in that market. So, interesting times ahead, once we get the AGM out of the way and pass the proposed reverse takeover and get the shares re-admitted and trading again. As I have said before, if anyone feels like a punt now, you could take some Paternoster Shares as a way-in ahead of further developments, since Paternoster has 28% of Plutus shares as an investment. If they rocket, Paternoster will do very well out it too, and currently the shares are a very low. DYOR, Good Luck!! BP> |
Posted at 04/6/2014 00:23 by bishopawn before 16th January when Plutus took 25% of Attune Energy by issuing 20 million shares, there were 142 million shares in issue, of which Paternoster Resources had 27.9%, Charles Tatnall 19.5% and James Longley 13.9%, both directors of Plutus., making a total of 87 million shares between them or 61%. That means only 55 million shares floating maximum; but due to orphaned stock etc it could be as low as 20 million shares only free floating. That makes for a very tight market as and when things take off with the shares trading again. Of course, Paternoster Resources shares are not suspended and are one way that is currently open to investors to speculate on what Plutus may produce by way of news. |
Posted at 05/10/2013 15:31 by bishopawn think its more exciting than that passé hypothesis. Big investors cross trading into a tax shelter is the explanation for big trades not influencing the price. The deal should be this month. |
Posted at 30/9/2013 21:34 by bishopawn a cross trade I suspect...one of the larger investors getting a chunk into their pension scheme probably. That would explain no effect on the price. Simples! |
Posted at 09/1/2009 07:40 by baxtea1 8 January 2009 Angus Rigby, Chief Executive Officer, TD Waterhouse comments: "The new year has opened with balanced trading activity, with buys representing 47% and sells 53% of our customers' top trades this week. EDIT "In this cold winter our customers saw a hot deal with coal mine developer GCM Resources, whose shares have been snapped up, making the company a new entry at number five of our top ten buys. AIM-listed GCM Resources, whose portfolio of investments includes South Africa and China coal businesses, and uranium interests in West Africa, Sweden and Australia, has been experiencing phenomenal growth in share price this week, with the stock up 98% (and up 170% in the last month). "Recent elections in Bangladesh at the end of December have been seen by analysts as favourable for GCM's operations in the region, a less politically volatile area, rich with coal reserves - an alternative to other energy sources. Just a few days before polls opened the company declared it was 'looking forward to working with the newly elected government of Bangladesh to move the Phulbari Project forward'. "On the back of GCM Resources share performance, TD Waterhouse's customers have also been buying shares of another coal exploration company, South African-based Polo Resourcing. The AIM-listed coal miner owns a stake in GCM Resources, a 'sizeable strategic investment' according to its latest annual report. TD investors zealous trading of the stock has placed the company in ninth place of this week's top ten. |
Posted at 05/7/2005 09:20 by gardenboy "Buy" says Tempus in the TimesPaladin Resources , July 5 PALADIN RESOURCES yesterday announced the go-ahead for a new North Sea oilfield development at a time when the price of Brent crude is heading towards a record $60 a barrel. Not surprisingly, Paladin's shares gained almost 4 per cent to a new high for the year of 236½p. These are great times to be an oil and gas producer. North Sea operators, in particular, have rejoiced at these price levels, which help them to offset their higher cost base compared with peers in cheaper locations. With a glut of oil and gas companies listed in London, investors are becoming increasingly discerning. Oil in the ground is no longer the only way to measure a company's worth; instead, management's ability to extract the oil and turn it into profits is increasingly becoming the focus. Here, Paladin's management has a good track record, and the Norwegian and British governments' approval of the Blane oilfield development further supports its credibility. The Paladin-led development will cost £165 million (split among the partners, including Dana Petroleum and Roc Oil) and should result in production of more than 14,000 barrels a day once first oil flows late next year. Paladin's share is 25 per cent of output and will contribute to the ambitions of Roy Franklin, the chief executive, to increase the company's attributable production from 41,410 barrels per day last year to at least 100,000 bpd by 2008. An ambitious target, so Paladin's 3,500 bpd Blane share is little more than a few droplets in the right direction. Blane will not contribute to Paladin's profit this year, nor have a material impact next year. Analysts expect Mr Franklin to report a £184.5 million pre-tax profit this year. That means Paladin is trading on a forecast earnings multiple of 11.5 times. The dividend yield is less than 1 per cent. Paladin is more leveraged than most to the oil price. Every dollar increase in the average oil price would add about £9 million to its profits. while every dollar fall would dent profits by the same amount. An attractive play for those who see Brent pushing through $60 and beyond. Buy. |
Posted at 11/4/2005 12:31 by skyship The UK-Analyst FREE site tip this sunday was an excellent piece on PALADIN (PLR) - excellent not just because it agrees with my own views; but actually is a well-constructed and argued article as to why some oil exposure has to be right for any investment portfolio. I reproduce the article below; OK as it is from a FREE site. ==================== Buy Paladin Resources at 189p Sun.10th Apr'05 Suggests Rob Cullum of Trendwatch ==================== The last issue of TrendWatch carried a major feature on "peak oil". This is the term used for the date when world oil production peaks, then starts its long decline towards zero. Some say that this decline has started already, but the consensus view appears to be that peak oil is now just three years away. If the pundits are correct, then it isn't surprising that oil production is having difficulty keeping pace with demand; especially demand from those two emerging giants China and India. Rising demand obviously equates to rising prices, so it's no wonder that the oil price hit a new nominal peak of $60 a barrel a few days ago - higher even in real terms than it reached both in the first oil shock in the 1970s, and during the liberation of Kuwait from the clutches of Saddam Hussein in 1990-91. When we reach and then pass peak oil, we'll not only have rising demand, we'll also have falling supply - a double-whammy for the oil price. It therefore follows that you should have plenty of exposure to oil in your portfolio. You could achieve this exposure by investing in the oil majors, such as BP or Shell. While these giants will certainly benefit from the rising oil price, they are having great difficulty in finding giant fields to replace those such as the North Sea and Alaska that are now in decline. In fact, there has been no giant oil discovery since 2001, which is a major reason why peak oil is getting so close. The world is now consuming three barrels of oil for every one that it discovers. So rather than investing in the oil giants, we recommend that you invest in second-tier oil companies. These will not only get the benefit of higher oil prices; they also get the benefit of rising production as they acquire assets that are too small to interest the oil giants. Edinburgh-based Paladin Resources fits the bill perfectly. It's a so-called 'scavenger' (Venture Production is a similar example), which has been busy expanding production by buying North Sea assets from the likes of BP, Amerada Hess, Enterprise Oil and Statoil . Paladin has now clocked up about 15 years in business, having floated in 1990 as Pittencrieff Resources. But it has been especially busy since the ex-Clyde Petroleum management took the helm in September 1997, led by chief executive Roy Franklin. In summary, Paladin currently has assets in the UK, Danish and Norwegian sectors of the North Sea, Australia, Gabon, Indonesia (gas), Romania (where operations are currently suspended because of a border dispute between Romania and Ukraine) and Tunisia. Its North Sea operations are by far the biggest. If you want to know what Paladin is up to in much more detail, its website carries a first-class analysts presentation at: www.paladinresources You could describe Paladin as a virtual oil company. It retains the knowledge, control of and responsibility for its assets. However, it buys in the services it needs to evaluate, develop and extract the oil from 'alliance partners', thus obtaining the benefits of their economies of scale, even though it is not large enough to be able to obtain these through its own direct operations. In its last set of full-year results, released a couple of weeks ago, it reported production fractionally down at 41,400 barrels per day of oil and oil equivalent. However, its declared objective is to produce 100,000 barrels a day in 2008. It says that its current projects will drive production to 65,000 barrels by 2007. It has $300m to fund the remaining 35,000 barrels, either by drilling its existing assets or by acquisitions. This is the nub of why we're recommending Paladin. Its strategy is to achieve high growth in production, with the additional kicker of a rising oil price. The question is: can Paladin deliver its planned growth? We believe it can. Its experienced, skilful and focused management has an excellent track record thus far. Since 1999, it has driven profits from 3.9 million to a record 109.66 million. Brokers foresee more of the same. They forecast a profit of 111 million this year and 169 million next. Paladin's production growth won't come cheap, though. Last year, it spent 77.2m on production and development projects. This year, it plans to spend 135 million on developing its existing assets, and another 15m on exploration. This will be partly funded by the US$75m it received from selling its interests in the Ross and Blake fields. As recently as this month, it spent $47m buying out Shell's stakes in the offshore Laminaria and Corallina fields in north-western Australia, where Paladin already had 32.6% and 25% stakes respectively, originally acquired from BHP Billiton in November last year for $150m. This was a typical 'scavenger' deal: taking over assets from big fish such as Shell. Even though Paladin had to raise $32m via a placing to finance the deal, investor reaction was positive, as well it should be. The two fields are relatively newly developed and the area has plenty of exploration potential. The share price rose on the news. Some investors and commentators have been concerned recently about its move away from the North Sea, suggesting that it is struggling to meet its targets. On the contrary, we see this as a positive sign. After its success, and that of its rivals such as Venture Production, there's a land grab (or rather a sea grab) in progress in the North Sea at present, which is driving up asset prices to silly levels. Paladin's management is shrewd enough and experienced enough to spot the pitfall, which is why it has turned its attention to lower cost assets in other parts of the world that meet its strict criteria. Brokers are actually forecasting a slight drop in earnings for 2005. Normally, we like to see forecasts of good continuous earnings growth. But, although the shares are not conspicuously cheap on a 2005 p/e of 16.5, we have our eye on the longer game: 2007, 2008 and beyond, when it gets the benefit of its high capex in the form of production approaching 0.1m barrels a day and, we predict, an even higher oil price. An additional comfort factor is that, of the nine brokers that follow the company, six rate it a buy. As do we. BUY. Key Data EPIC: PLR NMS 25,000 Spread 188.75p - 189.25p Market Cap 611.9 million |
Posted at 21/2/2005 08:11 by cwa1 Apologies that it is a bit messy but I am sure you get the gist of it...Major Shareholders Amount % Holding Caledonia Investments PLC 58,768,614 18.15 Aberforth Partners 56,000,000 17.30 AXA SA 36,334,627 11.19 Barclays Global Investors 35,752,065 11.04 JP Morgan Fleming Asset Management 17,403,605 5.41 Co-operative Insurance Society Limited 14,000,000 4.32 Legal & General Group PLC 11,591,607 3.61 Other Directors Amount % Holding Roy Alexander Franklin 1,287,243 0.397 Cuthbert John McDowell 850,000 0.265 Paul Davison 800,000 0.249 John Malcolm Gourlay 475,000 0.148 William James Turcan 18,750 0.006 Iain Stayton Paterson 15,000 0.005 George E Watkins 3,476 0.001 |
Posted at 14/11/2004 10:32 by nv01 Not invested in this stock, but might be tomorrow. For all investors that have not seen the article in today's Telegraph: -Paladin in £80m oil deal Down Under By Sylvia Pfeifer (Filed: 14/11/2004) Paladin Resources, the independent oil and gas company which has traditionally focused on exploring in the North Sea, is paying $150m (£80m) to buy stakes in two oilfields off the north-west coast of Australia. The oil company said yesterday that it will acquire the oil interests of BHP Billiton, the Australian mining giant, in two fields in the Timor Sea. The acquisition is one of Paladin's largest to date and marks a significant departure from its traditional focus on the North Sea. Paladin currently has assets in the North Sea in the UK, Denmark and Norway, and in Gabon, Indonesia, Romania and Tunisia. "It's a classic Paladin deal in a less fashionable part of the world," said Roy Franklin, the chief executive of Paladin, last night. He added: "It's a sensible place to do business and the acquisition is very much in line with our criteria. The deal is big enough in its own right for Paladin to do. It will add 10 per cent to our reserves base and increase production by between 12 per cent and 15 per cent." The deal will add around 13m barrels to Paladin's reserves and increase the company's overall daily production by 6,000 barrels a day. Paladin is acquiring a 32.6 per cent interest in the Laminaria field and a 25 per cent stake in the Corallina field, as well as a floating production vessel. Paladin will fund the cash acquisition through its existing bank facilities. The company will initially run its Australian operations from London but intends to set up an office in Perth within the next six months. Franklin said he was not ruling out further acquisitions in Australia. |
Posted at 04/10/2004 15:05 by elimall The Business - page 18........Who's the next cairn?...........by Richard Orange.............I am only going to write the last two paragraph. ok At the other end of the scale the" scavenger" firms are worth to look at Ventura petroleum and Paladin Rsces focus on buying mayor assets not worths the majors "while , and squezing out extra barrels with low-risk exploration nearby and development projects. A year or so ago Paladin was the industry hottest stck , but the rush for exploration upside , plus the fact the high oil price makes the majors less keen to sell on their production , has seen them thrust to the margin. Investor following cairn's contrarian philosophy rather than simply looking for a new cairn . might find this makes it a good time to buy. ( he was adv. about Burren ok in the art. ). Anybody knows how trustworth is Mr R. Orange with his art. thanks. |
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