Share Name Share Symbol Market Type Share ISIN Share Description
Plutus Res. LSE:PLR London Ordinary Share GB00B1GDWB47 ORD 0.1
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.80p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.3 -0.2 - 2.38

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Date Time Title Posts
21/8/201415:38Plutus Resources - Formerly IPS (Ipso Ventures)269
22/3/201315:42PLUTUS RESOURCES7
09/1/200907:40Paladin - Charts & Fundamentals421
08/7/200500:11Paladin Record Results!!!!!!!! and more to come1
16/8/200407:02Paladin undervalued??862

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hobo66: 05 August 2014 Plutus Resources plc ("Plutus Resources" or the "Company") Acquisition, Placing and Posting of Admission Document Acquisition of Plutus Energy Limited, Placing of 133,333,335 Ordinary Shares at 0.6 pence per Ordinary Share, change of name to Plutus Powergen plc, changes to the Board, conversion of Loan Notes, Notice of General Meeting and Admission to trading on AIM The Board of Plutus Resources, is pleased to announce the proposed acquisition of the entire issued share capital of Plutus Energy Limited, ("Plutus Energy"), a company established for the purpose of generating power from flexible stand-by power generation farms and generating revenues through the sale of this power to large energy supply companies during periods of peak electricity demand or Grid instability. The consideration for the Acquisition is GBP485,000 and will be satisfied by the issue of the Initial Consideration Shares. In addition, the Company has conditionally raised GBP800,000 pursuant to the Placing to fund the working capital requirement of the Enlarged Group. The Placing has been priced at 0.6 pence per share which represents a 25% discount to the closing mid-market share price on 31 January 2014 when trading in the Company's Shares was suspended. The Acquisition constitutes a reverse takeover under the AIM rules for Companies. As a result, the Company is seeking Shareholder approval for the Acquisition at the General Meeting, notice of which will be posted to Shareholders today, along with the Admission Document. Resolutions will be proposed at the General Meeting to approve the Acquisition and effect, amongst other matters, the Placing and the change of the Company's name to Plutus Powergen plc. It is expected that Admission will take place on or around 22 August 2014 assuming the Resolutions are approved. The Admission Document (which includes the Notice of General Meeting) is available for download from the Company's website,
theshareguru: Find it quite surprising that directors have made no rns, like we know of no reason why share price has gone up, like they did last time, reason they do this time, I put money on they are investing in brady/eer r/take over.
knigel: Anyone know if the share price is above or below NAV - seems a good buying opportunity ahead of news - thanks
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.
goredema: Wow!!!! Only just seeing whats happening now - and how embarrasing, iv`e been off work all week yet here i am only seeing the 3.49 share price now! - Imagine my SHOCKKKK!!!!!!!!!
bomfin: PLR being helped by high oil prices today. Researching it appears that the Norwegian assets are in the balance sheet at a significantly lower valuation than their real value. The share issue and sales of Blake/Ross and Njord along with cash flow from operations this year should be outstripping development spending and costs of Australian acquisition leaving PLR in a very healthy financial position. In terms of value the current share price may well be close to real value if you consider actual NAV and potential P/E. The latest announcement of projected production for the year suggests operations are going well. Newsflow could tip things in balance of further share price growth though with likely Brechin start up shortly and the key well North Petalonia said to be drilled in 2nd quarter 2005. Approval of Blane and Enoch development plans also can't be far away. Also BG have farmed in to the Hummer prospect in Norway for 2nd half 2005. All imho dyor rgds bomfin
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: 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
mickinvest: Pilkington No idea what they will do with the $600m but my thoughts with the sector are that debt will more than repay itself with earnings over the next few years so confident enough to leave the management to get on with it. Still think elections in Venezuela on 14th August seem to be played down and chances of disruption there are fair to high with a positive effect on the PLR share price. First time I've ever seen Brent at $40 on Bloomberg site, is that an all time high ? Not related to rab I'm afraid other than the amount I drink :>) You like the odd glass company by any chance? regards Mick
awilson: There is a slightly worrying report in today's Daily Telegraph that under the proposed new European Constitution, there will be a common energy policy. Apparently the Foreign Office was unaware of the implications which include Brussels having overall control over the North Sea oil reserves. The UK has about 90% of the EU total oil and gas resources while most of the EU is in energy deficit. If the Constitution is approved, then Brussels will be able to dictate the rate of North Sea depletion "for the common good." It will over-ride commercial considerations such as oil field management as well as almost certainly increasing PRT to the detriment of the field operators - the EU has never reduced taxes. PLR is relatively fortunate in that an increasing proportion of its assets are in the Norwegian sector and thus outside the control of Brussels. But the Constitution will be an ever darkening black cloud over the PLR share price unless it is voted down by one of those democratic countries which are allowing their citizens to voice their opinion.
bomfin: Bumpy, Excellent post covering a very relevent issue which may be at the heart of any short term gain in PLR share price although Tunisia coming onstream soon won't harm. the 3% was calculated from the production given to Ross for the year by memory about 400 boepd(Think I used 300 boepd which was a miscalculation). If we assume Ross's production to be 10,000 boepd/year it would come in nearer to 4% rather than the 3% I mentioned. Paladin will have 30% of Ross production this year. Ross production oil + gas may be slightly higher or lower than 10,000 boepd for 2002. If Tarriff income is as high as $6/barrel I would be happily surprised. I think it will be a maximum of $3 and nearer $2. Personally I think the company should give an exact figure if requested by a shareholder. As I've had a lot of time from them in the past I'm giving it a rest for a while. The Norwegian tarriff income comes from Veslefrikk license. It is their tarriff for processing Huldra liquids. This will treble this year and may add as much as £500,000 to PLR yearly profits. imho dyor. Since Siri deals were done more oil has been found near Nini and at Sofie. There could be oil stretching 50 km. Nearly every well drilled hits oil. % success rate could be as high as %80. imho dyor. Along with Blake flank my best guestimates for added profit from UK tarriffs is about £10 million for current year. Don't know Nini tarriffs but don't think they'll be as high as Blake and could be as low as 30p/barrel. Still worth about £10 million to PLR over life of fields imho. This is a conservative estimate on my part and purely a guess. imho dyor. regards bomfin
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