Share Name Share Symbol Market Type Share ISIN Share Description
President Energy Plc LSE:PPC London Ordinary Share GB00B3DDP128 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.075 4.92% 1.60 3,532,814 16:27:05
Bid Price Offer Price High Price Low Price Open Price
1.50 1.70 1.60 1.50 1.525
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 30.77 -70.55 -5.96 32
Last Trade Time Trade Type Trade Size Trade Price Currency
16:33:00 O 125,000 1.50 GBX

President Energy (PPC) Latest News

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President Energy (PPC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-09-24 15:33:021.50125,0001,875.00O
2020-09-24 15:26:591.54600,0009,250.02O
2020-09-24 14:45:241.5014,000210.00O
2020-09-24 14:21:551.521,500,00022,725.00O
2020-09-24 14:03:131.5028,666429.99O
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President Energy (PPC) Top Chat Posts

President Energy Daily Update: President Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PPC. The last closing price for President Energy was 1.53p.
President Energy Plc has a 4 week average price of 1.50p and a 12 week average price of 1.48p.
The 1 year high share price is 5.35p while the 1 year low share price is currently 1.30p.
There are currently 2,007,914,603 shares in issue and the average daily traded volume is 1,549,233 shares. The market capitalisation of President Energy Plc is £32,126,633.65.
brasso3: PPC share price looking for new all time lows! I expect you could make more money investing in ANY AIM listed gold miner from here on in!
burtond1: Here, @DDS_DocHoliday catches up with @PresidentPlc Executive Chairman Peter Levine......With significant shareholder backing from Peter he expands further on the business and the tremendous value currently in the #PPC share price.
brasso3: I see PP is celebrating that the Argentine stock index (Merval) is going up on his private thread! Bless him! His little brain does not understand that the poor Argentine people are being subject to hyperinflation and the stock market is not in fact going up but the purchasing power of the Peso is going down. All stcok markets go up during a hyperinflation even in places like Zimbabwe and Venezuela. I also do not see how it relates to PPC unless he thinks another placing is coming for a listing on the Merval... More likely he would rather distract investors from talking about the PPC share price (1.77p).
brasso3: This is who we have jumped into bed with! Trafigura investigated for alleged corruption, market manipulation Https:// I am sure they would not have been involved in suppressing the PPC share price to 1.5p to allow a cheap entry at PIs expense!
brasso3: Sandeep I have seen many new investors over the years at PPC who had that view. The declining share price (98p to 1.5p) soon turns enthusiastic new investors into long/ medium term frustrated investors like me and many other on here. I think the ramping on here annoys me more where most posts seems to gloss over the truths. If we had open debate about the pros and cons then this thread would be much more beneficial for PPC and its investors. A good example is PP constantly ramping about profits that do not translate through to the share price or increasing reserves and NPV. Also ridiculous suggestions about dividends when PPC is always on life support via placings. As I said we have raised $200m to create a company worth less than $40m.
piperpeter: Rob Shepherd, Group Finance Director. Rob, Do you think CGC are currently keeping a close eye on the PPC share price in anticipation of the purchase of their next tranche of Subscription Shares, due to be calculated next week? Pp.
brasso3: Looking at it verses share price (Assuming the rest of their portfolio is flat) it is quite linear. Dec 2018 - £8.3m (4.6% PPC shares), Av share price = 9.4p Jan 2019 - £8.9m (4.2% PPC shares), Av share price = 9.3p Feb 2019 - £9.0m (3.6% PPC shares), Av share price = 8.5p Mar 2019 - £8.8m (<3.3% PPC shares), Av share price = 7.5p As mentioned above it could be that they have not sold any. We will find out when they publish their April fact sheet if PPC can hold this price.
brasso3: Big sellers normally drip feed stock to the market over a long period then dump the final amount in large volume. I am fairly confident the weight that has been hanging on the PPC share price since January has now been removed. I think it is highly likely this was Junior Oil Trust (JOT) or the Norwegian Oil fund who were below the 3% threshold to begin with. I will be topping up if this goes sub 8p again.
brasso3: Victorfromportugal has reapeeared on LSE:- Dear Mr Peter Levine, President It is with regret that I feel like having to write to you again, so soon after my previous letter dated November 2018. If you recall, in that letter I expressed my concern about the evolution of the company, despite some progress in terms of production and positive cash flow. I made several suggestions which would assure a better return for your shareholders - a strong dividend policy - a share buy back program (to reduce the explosion of new shares issued since the company took over Meridian PLC in 2007) - other measures to avoid dilution. In 2007 there were [Link Removed] shares issued at Meridian and I owned 1 percent of the company with 100.000 shares In 2018. With 4 times more shares, my holding has reduced to 0.037 percent. That's 27 times less. Is it the position in which many of your shareholders find themselves today after buying shares through one of the 12 placings in the last 10 years ... At 30p 20p and even higher. Therefore, it is with terrible disappointment that I have learned that President Energy has again fallen into the vices and terrible ways of the AIM market : issue more shares at rock bottom levels. Literally destroying value to your investors and historical backers. You (as Head of the Board) have in effect played once again the game of the Funds and Market Makers who keep shorting this stock like so many others on the AIM market and allowing them to get the new shares at the lowest of the low in terms of price. Since 2007, I have never seen a placement made by PPC at a higher price than recent market price. They have made money out of these placements. We have not ! All this for a low 8 million £ capital this time... Unbelievable. Really. So instead of buying shares on the market , you dilute even more. It is extremely irritating to be told that this will create "liquidity to the stock". Because it is so wrong and a cover to disguise the true nature of the transactions on the market. The shorting of the stock. Always covered by issuance of new stock. Despite the company being well funded and turning a profit, creating more shares is another nail in the coffin for your investors. Don't you think that your historical investors aren't tired to put more money into this black hole every 18 months? They are Mr Levin. And like so many others , I refuse to put any more money in this project since the 30p Because I do not like being taken advantage like this time and time again. Plus the issuance of new stock just kills every attempt to buy at any time. This means that the AIM market is dead. Long buyers have long gone. And this alone explains the lack of liquidity. This only ! No need to justify yet another private placement because of liquidity. The previous 11 placements were enough to provide liquidity if this was the cause of it. Investors are not fools. Also, even if the company was to pay 1p dividend a year from now on, which could propel the stock towards 20p for a dividend yield of 5 percent. This would require [Link Removed] GBP to pay out year in year out. Knowing that the company issued stock and converted debt at 8p , for 8.6 millions , the prospect for any decent and long term recovery of PPC share price is Nil. You have issued too much stock. There has been too many failures in digging , far too millions spent in empty drills over the last few years. It's awful. Whatever the reason for more placing in 2019. It is wrong and very few shareholders will see the benefit of it. And if the company, after all these years, was to be taken private just before a massive recovery in fortunes, the historical shareholders will be in their right to sue and claim massive compensation. The conditions for a long term recovery of the share action was already very small last year, now it is simply impossible. Many of your shareholders have lost fortunes that will never be recovered. Not even speculating, but simply investing in the long term and following the business plans. A copy of this letter will be posted on advfn chat forum later this month. With your permission. I feel many shareholders feel this way too and I will make sure that our point of view is represented at the next AGM's from now on. I thoroughly regret having trusted this Board since 2007. It was a massive error. The only good point this time is an attempt to justify this placing on the PPC webpage. Which many companies don't even bother. However, I believe that this placing is one too many and I do not trust this Board anymore to preserve the interest of all the shareholders as a whole. Only the last ones investing have an extremely slim chance of a return. And the placements keep coming . I just hope that this money is used well this time and not wasted again as it has been before on terrible bets in Paraguay, Australia etc etc And have the contractors that caused massive losses in late 2017 through errors and incompetence brought to account? Have they paid up serious compensation? PPC had to issue a massive amount of new stock following that mess. Why do we have to bear the cost of this? Shareholders would like to know about this too. Yours sincerely V
brasso3: I keep comparing AAZ to PPC for good reason. They are polar opposites in how they fund growth and it is reflected in the share price over the last 5 - 10 years. AAZ has had problems over the years but it never comes to the market with cap in hand. Management have provided loans and sacrificed salaries for shares along the way. PPC always prefers the easy option of mates rates placings. AAZ has never raised money through placings in 10 years. PPC has had 11 fund raisings in 10 years. AAZ share price has gone from 4p (2014) to a peak of 95p (2018). PPC share price has gone from a peak of 98p (2009) to 6.7p today. AAZ CEO owns 30% of the stock. PPC CEO owns 30% of the stock.
President Energy share price data is direct from the London Stock Exchange
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