Share Name Share Symbol Market Type Share ISIN Share Description
Premier Oil LSE:PMO London Ordinary Share GB00B43G0577 ORD 12.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 45.00p 45.00p 46.00p - - - 0 06:30:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 796.4 -316.3 19.4 2.4 234.98

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Date Time Title Posts
26/6/201707:41Premier - Charts and All28,677
15/3/201712:10Premier Oil93
20/12/201607:53L2 - Observations, comments and screenshots50
16/5/201615:06PREMIER OIL BOILING UP1,163
01/1/201604:40Premier Oil 2016 - Analysts Thread2

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DateSubject
25/6/2017
09:20
Premier Oil Daily Update: Premier Oil is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PMO. The last closing price for Premier Oil was 45p.
Premier Oil has a 4 week average price of 42.75p and a 12 week average price of 42.75p.
The 1 year high share price is 99.50p while the 1 year low share price is currently 42.75p.
There are currently 510,823,666 shares in issue and the average daily traded volume is 2,539,933 shares. The market capitalisation of Premier Oil is £229,870,649.70.
05/6/2017
11:16
begorrah88: 97p to 55p laughable! That is some arrogance. So, PMO is going to rerate after finance completed is it? wasn't that the case at the end of VWAP? read the circular BigSi2 and the companies view on share price volatility. ''Holders of equity interests in Premier may adopt hedging strategies which would negatively affect the price of the Ordinary Shares As part of the Refinancing, Premier will issue Equity Warrants and Convertible Warrants representing in aggregate up to 18 per cent. of Premier’s issued share capital on a Fully Diluted Basis. As the Equity Warrants and Convertible Warrants may be exercisable at a price below the prevailing share price at issue, there is an increased probability that warrant holders will undertake hedging or other trading strategies which may result in volatility and/or a reduction in Premier’s share price for an extended period. Furthermore,as a result of the amendment of the conversion price for the convertible bonds from £4.21 to 74.71 pence, the number of Ordinary Shares underlying the convertible bonds will increase to 30 per cent of Premier’s issued share capital on a Fully Diluted Basis and also accounting for Ordinary Shares issuedon conversion. Convertible bondholders often employ hedging or other trading strategieswhich, if employed in this case, may result in volatility and/or a reduction in Premier’s share price for an extended period.'' ....but thanks for the patronising post BigSi2 - your ramping didn't work at BLVN though did it so maybe law of averages, eh?
23/5/2017
17:11
timothyjones2010: I have emailed Tony Durrant 2 weeks ago after the refinancing update he gets Elizabeth Brookes to reply. I emailed about why has the finance agreement has been put back, what is PMO doing about the shorting - it affects private investors deterring private investors and what are you Tony doing about it and what do you have to say. As mentioned he got Elizabeth to reply, he is what she said;Dear Mr Jones Apologies for my delayed response. As a high level comment I would say that the whole industry has suffered in this prolonged period of commodity price downturn with the knock on impact on all stakeholders. We are as frustrated as everyone that the strong operational delivery that we have achieved over the last 2 years has been overshadowed by this. We also, however, acknowledge, that our refinancing process has led to market speculation causing volatility in the share price and some technical shorting of the stock associated with that process. That said, our short position has not changed materially since we announced the revised conversion price for the convertible bonds and we would hope that at least some of that position would unwind going forward. Both we and our brokers closely monitor the share price and in particular to look out for any unusual trading patterns. While our share price has been impacted by technical trading associated with our refinancing process and this is frustrating, we are not aware of any illegal activity in the trading of our shares. We hope that once the refinancing process concludes (and with a little help from the oil price) then, and as I state in my email below, the market will refocus on the strong fundamentals of the business – as I am sure you will have seen from our Trading update last week, operationally the business is outperforming – and that this will be reflected in the share price over time. Kind regards Elizabeth Not what I wanted to here but I wanted to share it with the forum
20/5/2017
19:10
oilandgas1: Imagine where the PMO share price would be if the refinance deal had been signed off in May17 , and OPEC/ non OPEC new deal kicks in.. with POO at $55- 57! Sadly timing is everything to boost PMO share price . should get above 65p this week with POO rising!
16/5/2017
19:25
marvin9: Think people need a rain check. PMO share price has only gained on the back of a POO rise and not on what the directors have done within PMO. Even the rise in POO is failing to increase the share price like a failing heart beat due to corrupt blatant insider dealing! True fact..
12/4/2017
16:34
marvin9: NEWS: PMO share price falls again for the second day as rumours again surface that Tony Durrant will be re-elected at COE and GIVEN A FAT CAT mega comical pay rise to boot for nothing but failure!
11/4/2017
15:00
marvin9: NEWS: PMO share price fell today due to concerning rumours Tony Durrant will get re-elected as COE
10/3/2017
08:26
anony mous: The oil price and pmo share price are total disconnect at the moment.It's all about the final finance deal being signed and done on the dotted.
25/2/2017
10:42
theelectrolyte: It would be akin to giving away free money. Not many businesses make such a decision... That's why there's a threshold on when companies can re-buy convertible bonds at par value. It limits the gain that the convertible bond holder can make on the equity part of the bond as if the underlying share price rises above the threshold, it makes more sense for the issuer to re-buy the bond. Example - Strike price is £1, PMO can redeem at £1.30. GBP:USD 1.25. Conv. Bond value £196million Share price in 2021 is £2. MCap £1.1bln. PMO can either: i) Give convertible bond holders £392million worth of stock (36% of company) or; ii) Buy back the bonds (worth £392million) for £196million. Either via cash or equity raise. An equity raise, even allowing for a 10% discount to the share price would still be approaching half as dilutive as allowing the convertible bonds to be converted. The higher the share price above the redemption threshold price the more it makes sense to re-buy the bonds, even via equity. Total red herring.
23/2/2017
15:24
marvin9: The thing that is killing the PMO share price is the delay in the finance deal. Is this normal for a company to delay it for so long?
03/2/2017
21:23
gary38: Hurricane Energy and EnQuest among the few 'buys' left in oil sector - MacquarieShare 11:33 03 Feb 2017"Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view.oil platformValuations in the oil sector have caught upIt is harder work picking winners in the oil and gas sector now that crude prices have steadied and share prices have climbed, so says Macquarie.Kate Sloan, analyst at Macquarie, most share prices are close to fair value and as a result many in the sector have been downgraded.Cairn Energy PLC (LON:CNE), Faroe Petroleum plc (LON:FPM), Ithaca Energy Plc (LON:IAE), Premier Oil PLC (LON:PMO) and Tullow Oil plc (LON:TLW) are all relegated to a 'neutral' rating.Three of Macquarie's 'top picks' retain their 'buy' recommendations; Hurricane Energy Plc (LON:HUR), EnQuest Plc (LON:ENQ) and Africa Oil Corp (TSE:AOI).Of the three, Hurricane Energy is deemed to have the clearest value opportunities."Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view."Further exploratory drilling (ongoing) and progress on the Lancaster development could add significant value, building on the success the company enjoyed in 2016."Macquarie has a 90p price target for Hurricane (current price: 51.25p).EnQuest, meanwhile, is Macquarie's pick for further oil price leverage combined with low risk project progression."Although the rest of the sector now reflects a much higher discounted oil price than it did four months ago, EnQuest is still discounting US$63/bbl, the same number it was back in August 2016," Sloan said."We believe the valuation gap will be narrowed in the coming months once the market starts to believe in Kraken delivery."Macquarie has a 79p target price for EnQuest (current price: 46.34p).Sloan added that Africa Oil's has very attractive upside through de-risking the discoveries in Kenya's South Lokichar basin, where it partners Tullow.
Premier Oil share price data is direct from the London Stock Exchange
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