President Energy Share Discussion Threads

[maqsood7] 20/9/2022 21:22

Wrong,we had two different price.So you are not expert here??. Right?

[brasso3] 20/9/2022 21:13

maqsood

Now that you are a new expert on PPC maybe you can tell us what price we receive for our Argentina oil production? I will give you a clue... its priced in Brent.

[crimestoppers1] 20/9/2022 19:59

no one likes to be taken for a fool. While the correct way is to sell and move on, it makes it easer when you call out PPC ex CEO PL, for having taken everyone for a disastrous ride. Maybe PL was just preparing for his new job as vice Gauleiter for Ukraine, since his brother in law Rogozin has been rumored to have been nominated by Putler AKA Putin for this role as Gauleiter

[maqsood7] 20/9/2022 18:40

Chris.Company said in last rns that we are profitable.Means from H1 2022 was positive for us and looking forward we will be generating 40mil p.a. for 2022!!Looking at those results plus oil prices are stable above usd80 and our production increasing, that makes us think that we will not be needed to raise any kore cash!! And also company said that!Now,if I don't believe company statement,then I would be selling my shares and will be gone to different company where I will invest my money?? And everyone who don't believe that should also do that!?

[brasso3] 20/9/2022 18:02

maqsood

clearly you have done no research and do not understand the above posts I made!

A simple summary is that the management here have taken the shares in issue from 16,000,000 to 2,000,000,000 in 10 years. Not only have we all been diluted they have also racked up $33m in debts!

[chris cat] 20/9/2022 16:52

Maqsood, the point is that company, for quite some time has been telling us that they do not need to raise capital as they are cash generative. If they are cash generative, then why did we raising money via bonds. Some time ago we were boasting about how we were almost free of third party and were cash generative....then we subsequently raise funds via a bond for "general corporate purposes", why? I could understand raising funds via a bond if it were to pay off higher coupon debt, that makes perfect sense but that is not what happened. Our suspicions about further equity raising comes from past experience and the cunning wording used. Time will tell all on this matter but in my 13 years of holding PPC, barely a year has gone by without us raising some kind of funding. Also worth noting how costly, both in terms of management time and legal/bank fees it is to raise funds.

[maqsood7] 20/9/2022 16:30

Now you are mixing loans also with issue of shares!!Mate,you need to do more training.:))

[maqsood7] 20/9/2022 16:27

You need to know the difference between issuing shares and issue of bonds!! :))

[maqsood7] 20/9/2022 16:25

So you are saying this bond holder is shareholder in company??3.8 percent pa interest is too much for you?? Lol.And does it dillute the capital??

[bengal1] 20/9/2022 16:19

Brasso on cue.

[brasso3] 20/9/2022 16:06

US 6 month LIBOR rate still increasing. Now at 4.1%

Our IYA loan interest rates are now at 14.6% and 16.6%!

Extract from the PPC 2021 annual report:-

The total amount committed under the IYA loan facility is US$20.5 million with US$16.5 million at a 10.5% interest rate and additional borrowings of US$4.0 million at 12.5% plus 6-month Libor in line with previous bank borrowing. The facility is repayable in December 2024. Further details on borrowings are given in Note 20.

[brasso3] 20/9/2022 16:03

Posters on here were stating that PPC is self funded earlier in the year too!

16th June 2022 RNS:-

New Bond Issue

President Argentina has issued a further tranche of US$3.585 million in bonds to the local market to fund further working capital and capital expenditure. The interest rate is 3.89% with a 25-month repayment period and an initial 16 capital repayment month holiday.

[maqsood7] 20/9/2022 15:53

ATOM alone is valued around 10mil.So half of our mcap is valued for ATOM only??And remaining half which is just 12mil, is with revenue of 40mil for this year??And also, our production is increasing significantly!!salta is not been accounted for in the last quarter!!Do the maths, this will be turning around soon and will not give many sideliners chance to get in, because free float is really tiny!!Around 62% of shares are hold by institutions here.Hold your golden tickets guys.

[maqsood7] 20/9/2022 15:49

This is from last rns, if people can read:For the avoidance of doubt, there is no present intention to raise any equity capital or issue any further shares in relation to President's current hydrocarbon business whose existing operations are capable of being self-funded for the foreseeable future in the absence of any value-added producing acquisitions.

[philjeans] 20/9/2022 13:44

Way oversold by the usual shorting scum!

Others see amazing value here.

[brasso3] 20/9/2022 13:34

Rizzzla

Why do they need to dilute the shares by 50% of they have a profitable business?

[rizzzla] 20/9/2022 13:31

The Capital Reorganisation comprises the consolidation of every 200 Existing Ordinary Shares into one Consolidated Share, and the sub-division of every such Consolidated Share into one New Ordinary Share and one Deferred Share.



Following the issue of the Additional Ordinary Shares, the entire issued share capital will be consolidated into 10,290,373 Consolidated Shares of 200 pence each. Each such Consolidated Share will then be sub-divided into one New Ordinary Share and one Deferred Share

Did you understand The deferred part

or are you just happy with the countdowns

[brasso3] 20/9/2022 13:30

Rizzzla

The 4 key words from the above paragraph are these: 'President's current hydrocarbon business'

The most important word of the above 4 words is 'current'!

They will not do a placing to support the existing legacy business. They will do it under the banner of Green House Capital.

[rizzzla] 20/9/2022 13:28

Have you actually read the details

[rizzzla] 20/9/2022 13:25

For the avoidance of doubt, there is no present intention to raise any equity capital or issue any further shares in relation to President's current hydrocarbon business whose existing operations are capable of being self-funded for the foreseeable future in the absence of any value-added producing acquisitions.

What placing are you guessing about now brasso

[brasso3] 20/9/2022 13:15

Good value if you did not already know that a placing is likely to occur in the near future!

5. Directors authority to allot shares
The Resolutions numbered 2 and 3 relate to the authority of the directors to issue Ordinary Shares including on a non-preemptive basis.

At the Annual General Meeting of the Company held on 22 July 2022, annual general authority was granted until the conclusion of the annual general meeting of the Company to be held in 2023 to allot up to a maximum of 30 per cent. of the aggregate issued share capital of the Company in issue at the time of the
meeting as well as an authority to issue Ordinary Shares for cash on a non-preemptive basis up to a maximum of 30 per cent. of the aggregate issued share capital of the Company.

Taking into account the current relatively small market capital of the Company and the Company’s initiatives in relation to Green House Capital Limited (as referred to in the two announcements of 28 June 2022 and 25 July 2022), it is considered that increasing the relevant authorities to:

- an amount representing 50 per cent. of the aggregate issued share capital (following the Capital Reorganisation) in respect of the general authority of the Directors to allot New Ordinary Shares; and

- an amount representing 30 per cent. of the aggregate issued share capital (following the Capital Reorganisation) in respect of the general authority of the Directors to allot New Ordinary Shares for cash on a non-preemptive basis,
will allow the Company to have more flexibility in expanding its Green Hous

[philjeans] 20/9/2022 12:58

The price!

Better value than ever!

[brasso3] 20/9/2022 12:56

Phil,

What has changed since your last posts on the thread?

philjeans - 12 Aug 2022 - 08:29:17 - 6113 of 6363 President Energy 2021 Oil gas and Green Hydrogen and Ammonia production - PPC

Never cheaper in real terms.

BUY

philjeans - 19 Aug 2022 - 13:24:41 - 6158 of 6363 President Energy 2021 Oil gas and Green Hydrogen and Ammonia production - PPC

Way OVERSOLD.

BUY

[technohead] 20/9/2022 12:51

whoops and up she goes!