Share Name Share Symbol Market Type Share ISIN Share Description
Premier Oil Plc LSE:PMO London Ordinary Share GB00B43G0577 ORD 12.5P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.28 -2.15% 12.75 4,610,258 16:35:00
Bid Price Offer Price High Price Low Price Open Price
12.72 12.805 13.40 12.60 13.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1,194.92 77.29 15.01 0.8 118
Last Trade Time Trade Type Trade Size Trade Price Currency
17:45:31 O 22,413 12.782 GBX

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Date Time Title Posts
26/10/202008:32Premier - Charts and All52,026
15/10/202012:14premier oil - 2018 and beyond62
10/10/202008:00pmo by end of 20192

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Premier Oil (PMO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-26 17:48:1812.7822,4132,864.83O
2020-10-26 17:45:5912.7946,9546,004.95O
2020-10-26 16:35:0112.75176,26722,474.04UT
2020-10-26 16:29:3512.7810,1021,290.93O
2020-10-26 16:27:2512.78779.84O
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Premier Oil (PMO) Top Chat Posts

Premier Oil Daily Update: Premier Oil Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PMO. The last closing price for Premier Oil was 13.03p.
Premier Oil Plc has a 4 week average price of 12.45p and a 12 week average price of 12.45p.
The 1 year high share price is 120.70p while the 1 year low share price is currently 10.02p.
There are currently 925,532,676 shares in issue and the average daily traded volume is 8,133,708 shares. The market capitalisation of Premier Oil Plc is £118,005,416.19.
stansmith3: interesting that pmo share price went on to higher values once all the acrm info was known in 2019it also hung around at those values whilst wuhan closed downso pmo investors had around 6 weeks to realise the implications of both
steve73: andy... only about half of the warrants were exercised (sadly not including my own few). We have no idea who the CB holders were, and I made no assumption assigning any of those to ARCM.. In hindsight though they probably did hold some/many. stan. PMO have had over 2bn debt since before the early 2016 price crash to 19p when the EON deal was completed, and the subsequent refinancing over a year later, which included the repricing of the CB.... at a substantial discount to the previous price. After that the share price increased to over 120 and led to the forced conversion of the CB's. It was only the that ARCM started increasing their short and the price dropped to c. 80, although at the time it was thought to be due to the converted bonds being sold into the market. The price then ran up to over 120 before the threat of Covid became obvious. If ARCM had not increased their short, then perhaps the price would have risen a little more, or held for a little longer, giving better selling opportunities for holders. Conversely, if they had declared their actions (as they were legally required to do), then the price may have fallen faster (which would not have been to their benefit whilst they were continuing to increase their short position.) Clearly there have been many good opportunities for small investors to have made some decent profits since early 2016, whilst the debts have been "unmanagable". (I was fortunate to benefit from some of the moves, but unfortunately not with my entire holding that was over #100k at one point, but enough to have come out slightly ahead.) Had the oil price recovered higher, it could have been so much better. Unfortunately it's too late now, and IF the OP rises much from here then perhaps the new Co. will benefit - but obviously with existing PMO SH's having a MUCH smaller slice of only a slightly larger pie. My guess is that oil demand may get back to former levels, but only if Covid can be overcome (which is by no means certain in the short term; 1-2years), and if the global economies recover fully (which is even less certain), but it'll still take longer for the excess storage to be run down, and with alternatives looking to be gaining traction, it could take longer. (Incidentally, the push towards Renewables is actually keeping the demand for oil in the short term, since the energy required to manufacture and install them is nearly all upfront. If there was not a push towards renewables then the oil imbalance would be much worse, and the OP even lower -IMO- OPEC cuts notwithstanding.) Longer term, assuming QE keeps its present pace, then all the fiat currencies will continue to devalue, and this will leads to a sustained price rise in all commodities & resources - EVEN oil, which I could forsee rising to more than its historic highs, although it will probably be coincident with beer at 10-20 quid a pint. Mind, I had been expecting such inflation since the GFC more than a decade ago, so I could be wrong again. Good luck to all,
steve73: Thanks for posting your feedback tournesol... As I am no longer a RB holder here (but do have just a few shares left) I'm especially interested in the reply... "If PMO shares are trading at 15p when the transaction closes, the implied value of the share version of the second element would be 22p." I wonder how the implied value of the share version of the second element would be affected if the PMO share price on completion is less than the 15p they assume.... eg. if the share price is at 10p, would the implied value be 22-5 or 22*10/15; 17 or 15p...? Whichever, this is closer to the additional 14p your post states if the shares are not taken, and does it suggest that PMO expect the share price will have dropped to c.10p (or even less) by the completion of the deal.
fizzmiss: Blaming everyone else? I'm stating the obvious, crooked deal from the start, not shareholders fault the 1% elite have conspired to rob the gullible poor whilst the FCA turned a blind eye. Picture this: NO LENDER 16% SHARE PRICE MANIPULATION! Would PMO be in this situation with a crooked share price of 14p, allowing this ridiculous appalling low price take over lol, no chance. With a far higher share price PMO would have had many other options to raise cash etc. Due to share price corrupt manipulated activity, it cut the throat of these options. Agreed Durrant was a waste of space and stealing money and a mega added cause of the destruction of PMO. That thick clunt should be walking home in his underpants for what he has done, but no chance, his swag bags will be full whilst normal shareholders suffer.
fizzmiss: So you don't think a none disclosed 16% short is not a manipulation of a share price when anything above 5% should be made public? End of the day they were the lender's who manipulated the share price so it would go bust for personal gain? It's been a massive coverup since they got found out; Durrant rolled over and had is obese belly tickled and will be awarded a massive pay out for mega failure. So your saying thats right? Confused? As for Enquest, not so sure, PMO and TLW were manipulated down together to around the same share price when both companies have very different problems; not related. It is as if the same shorter was manipulated both share prices down for a very very very cheap takeover.
heialex1: Great deal for Chrysaor and probably the best PMO could do in the circumstances. Seen some figures essentially valuing PMO equity at $280m / £220m which is 24p in today's money.Also means that the creditors won't strangle the new company and they won't need to seek assets like Zama under distress. I imagine share price will remain under pressure until the deal is complete but I think it's a better investment today than last week
technowiz: Chrysaor´s EBITDAX for 1H 2020: US$ 920m (page 17 of today´s press release) PMO´s EBITDAX for 1H 2020: US$ 352m Combined EBITDAX for 1H 2020: US$ 1.272m Annualized combined EBITDAX: US$ 2.544m Enterprise value: 5 X EBITDAX Combined Enterprise value: US$ 12.720m Combined net debt: US$ 3.200m (see today´s press release) Combined market cap: US$ 9.520m PMO´s shareholders participation in combined equity: 5.45% Value of Combined equity atributed to PMO´s shareholders: US$ 519m so 519 * 0.78 (exchange rate USD to GBP 0.78) = 404.82 404.82m / 143.2m (current mcap at 15.47p) * 15.47 = 43.73p so at 16p share price is a steal?!
fizzmiss: Same story with TLW, probably the same sewer rat shorters pumping and dumping PMO. Don't matter what happens with the oil price, COVID or any other positive news, it's all about the ability of those who run the company and there true agenda and capability to use positive info to improve asset value and the share price. We don't have many honest, capable CEO's within the UK, its all about snouts in the trough once they get in power and sod small-time investors. Markets are manipulated by computers and no place to invest for future income; it's become a massive roulette wheel; most go home walking home in their underpants after taking part in a rigged poker game. Long gone are the days of honest hard research and investment for your future; the markets are too corrupt and manipulated by the 1% elite. PMO and TLW are being disected slowly without comment from the three wise monkey clowns at the FCA.
steve73: Hummm.. ARCM now being as transparent as PMO in announcing its plans publicly (aka flaunting its dirty washing). Or is it a ruse to try to drive the PMO share price down further..? I wouldn't put it past them... Thanks for the heads up btw, Andy. Also, does anyone know if PMO can actually issue shares at less that the 12.5p nominal price, as this is now looking decidedly possible...?
fireplace22: If it's a placing, you are likely to be diluted significantly and have no opportunity to buy the cheap placing shares, if the market price reflects the placing price you may be able to top up if you wish at the lower price from the market. If its a rights issue you will be entitled to buy more shares at the rights price, maintain your holding and avoid dilution or sell the rights in the market if they are at a discount to the prevailing share price An open offer would give you a right to buy a number of shares at a discounted price and a possibility of buying more shares at that price depending on demand.
Premier Oil share price data is direct from the London Stock Exchange
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