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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
  +0.00p +0.00% 7.35p 71,704 08:00:00
Bid Price Offer Price High Price Low Price Open Price
7.20p 7.50p 7.35p 7.35p 7.35p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 37.00 4.77 0.01 925.3 82.7

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President Energy (PPC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:43:087.3835,0002,583.00O
09:15:267.3916,8441,243.93O
07:20:477.4019,8601,469.64O
06:15:157.505,494412.05O
06:15:147.505,494412.05O
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President Energy (PPC) Top Chat Posts

DateSubject
17/6/2019
09:20
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 7.35p.
President Energy Plc has a 4 week average price of 7.35p and a 12 week average price of 6.70p.
The 1 year high share price is 10.50p while the 1 year low share price is currently 6.70p.
There are currently 1,125,560,677 shares in issue and the average daily traded volume is 349,892 shares. The market capitalisation of President Energy Plc is £82,728,709.76.
01/5/2019
23:00
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.
01/5/2019
22:50
brasso3: Junior Oil Trust total fund value on a monthly basis:- Jan 2019 - £8.9m (4.2% PPC shares) Feb 2019 - £9.0m (3.6% PPC shares) Mar 2019 - £8.8m (<3.3% PPC shares)* *March percentage for PPC not declarable as they are out of the top 10. Is the reduction just due to PPCs share price sinking from 10p to 7p in that time period?
01/5/2019
17:38
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.
25/4/2019
09:24
brasso3: The original plan (MID 2018) was to perform more drilling in H1 2019. That was all pushed back towards H2 2019. I expect the lower oil price was a big factor in this decision. Clearly they need so build some cash reserves as the company has been living deep in gross/ net debt for some time. If they can get to 4000 BOEPD with the 10 workovers and bringing the EV gas online I would take that by Aug/ Sept 2019. The 4500 BOEPD exit rate for 2019 should easily be achievable. That could open up a dividend for 2020. 4500 (BOEPD) x $60 (WTI) x 365 (days) = $98m revenue. At $35 net backs that is $57m cash flow. If they used 25% of that for a dividend we could be looking at 1.2c per share (0.95p/ share). That would represent a yield of 13.5% at todays share price of 7p. Every man and his dog will then be climbing all over PPC until the yield was then reduced down to something like 6-7% (14p share price). A lot of ifs and buts in the above but 4500 BOEPD should be easily achievable by end of 2019.
24/4/2019
15:16
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
23/4/2019
19:53
dexdringle: The board must like the share price being so low. Otherwise, if there was any good news that would support an increase in the share price, they'd tell the world about it. Unless they hate the share price being so depressed but can't do anything about that as they don't have any good news to tell us. Hmmmm.....
11/4/2019
08:13
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.
06/1/2019
12:21
brasso3: I guess there are lots of reasons why the share price is stagnant but this is the case with most AIM O & G companies:- - Historically PPC has failed to make any organic growth (share price). - 10+ placings in <10 years. - $150m invested in Paraguay for no return. - PPCs asset base is focused on Argentina (weak economy). - PPC has debt (~$20m). - WTI has been very weak during Nov/ Dec 2018. - The PPC chart is not attractive showing no upward trend. - This BB is quite poor with minimal research/ contributions (LSE/ iii also poor). Maybe all of the above are what is required to make the biggest gains on AIM. You have to buy a share when it is the most unloved to get the 10 baggers.
19/6/2018
16:16
brasso3: PPC share price has never reacted to good news. It would not be unfair to conclude that there must be something more fundamental that is wrong with the company.
14/5/2018
18:18
brasso3: I have listened to 10 years of similar posts from PP to the above yet the PPC share price is near record lows. TXP will be paying dividends before PPC and its actually part of the management strategy!
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