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PPC President Energy Plc

155.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
President Energy Investors - PPC

President Energy Investors - PPC

Share Name Share Symbol Market Stock Type
President Energy Plc PPC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 155.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
155.00 155.00
more quote information »

Top Investor Posts

Top Posts
Posted at 30/9/2022 09:17 by brasso3
Super Y

I have not seen a successful AIM share consolidation. The type of investors that invest AIM shares are focused on 'penny stocks' and are normally looking for large/ life changing gains through capital growth. The rationale for a 200:1 consolidation does not make sense resulting in a tiny number of shares in circulation. It suggests that in the future the number of shares in issue will increase significantly to a normal range (eg. 50m - 100m shares).

Why did they not consider a 10:1 consolidation for example?
Posted at 27/9/2022 17:36 by super y
This has turned into a huge disappointment and Peter Levine hasn't done much for his reputation or legacy. Very costly for all small private investors especially.
At least Private Frazer is in his element.
Posted at 27/9/2022 11:27 by activmojo
Today's news explains PLs dismissal performance on ATOME investors meeting yesterday. He kept on sniffing during the meeting maybe he was crying 😢
Would it be possible to pay back the debt from USA profits when it's back on line?
Posted at 21/9/2022 13:52 by amd7000
Can't believe you are still here brasso! Even lelout vanished years ago and realized PPC was a lost cause under Mr Levine. I'd sell completely if I were you. I'm tempted to buy at this ridiculously low price but you know, well PL is still here and will bring out his begging bowl again and fleece investors,imo. Seems like he has some sort of devious plan.😆BWTFDIK
Posted at 20/9/2022 22:44 by crimestoppers1
it is not a question of research. you have to trust the people you invest with. then and only then can you apply any research. in the case of PPC the trust was severally violated by PL and made all investors feel violated as well
Posted at 08/9/2022 11:28 by brasso3
Why would new investors buy PPC shares when their oil production is not exposed to international commodity prices? PPC went in too deep in Argentina and has failed to diversify its O & G business. The small exposure we had to international oil (USA production) prices has mostly been offline in the last 12 months.
Posted at 08/9/2022 07:36 by bengal1
Brasso. PL is building significant relationships in Paraguay, both commercial and administrative. Dont you think this is important when you want to drill a hole in their country. Really! Also presenting at the Investors conference, yes as ATOM Chair but the networking is invaluable.
Posted at 07/9/2022 07:02 by all in eol
CIRCULAR TO SHAREHOLDERS

Share Authorities

Capital Reorganisation

Change of Name to Molecular Energies PLC

Notice General Meeting

President Energy (AIM: PPC), the international energy company is today publishing a Circular to be sent to shareholders containing a Notice convening a General Meeting of the Company relating to various corporate matters, including a share capital re-organisation and change of name. The Circular, Notice of General Meeting and Proxy Form are available on the Company's website at www.presidentenergyplc.com/investors/documents-circulars/ .

Circular to Shareholders

President is today posting a circular to shareholders ("the Circular"). The Circular is sent in connection with:

-- a proposed capital reorganisation which will result in shareholders holding one new ordinary share for every 200 existing ordinary shares

-- a proposed change of name of the Company to Molecular Energies PLC with a new ticker LON: MEN

-- a proposed extension of share authorities to give increased power to the Directors to allot shares on a non-preemptive basis providing flexibility in the evolving Group including its Green House Capital division

Green House Capital

The matters referred to in the Circular form part of a defined evolution strategy of the Company, including a focus on the newly created Green House Capital Division.
Posted at 24/8/2022 13:11 by brasso3
The last communication on the subject (28th June) would be interpreted by myself that they expect a rig contract around 3 months from that date and that it will spud before the end of 2022 (most likely December).

28th June 2022 RNS:-

'In Paraguay, work continues in preparation for spudding later this year. Our partner is fully compliant with its obligations and the main focus is not only agreeing with service segment providers costs and timing which is ongoing but finalising agreement with the rig contractor, who is undergoing an internal reorganisation. Whilst this is out of our hands as to timing, we are assured that we will be able to move forward with them in a concrete manner within the next three months which would still be in line with targeting commencement of drilling in the latter part of this year. I remind all actual or potential investors of the risks involved in exploration in such a context as we are in Paraguay and to measure expectations both as to timing and results accordingly'
Posted at 22/8/2022 22:46 by brasso3
I do not think a secondary listing is required but if it were to happen an exchange (TSX) that has more commodity knowledgable investors would make more sense.

The problem here is PPCs operational performance, poor communication, high debt and massive dilution. Why not focus on the problems rather than distractions?

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