Share Name Share Symbol Market Type Share ISIN Share Description
Ramco Energy LSE:ROS London Ordinary Share GB0007219479 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 49.50p 0 06:42:18
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.3 -8.2 - 26.24

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13/4/201705:06ROS .. the gamblers anonymous thread !!!40,080
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magwash: They have to have had some indications of positive news lined up in the near future. Remp has been stickler for not dilution shareholders. It's been apparent in previous RNSs. The fact that in all the years of ROSs existence, it still only had around 50m shares in issue shows dilution was something they were averse to. This recent fund raising was something they had no choice - they accepted that it was effectively a lesser of an evil. However, having done that, they would have to have the share price north of 55p to reduce the impact of dilution, and know that anything below would mean obtaining less money for the same amount of shares. So as hinted in the RNS, I expect some positive news flow to have a positive effect on the share price.
magwash: pilgrim As part of these Agreements the Company has therefore entered into equity swaps with Lanstead to retain an economic interest in the performance of the share price of Ramco as measured against the Strike Price. Ramco's economic interest will be determined in 18 monthly tranches and if the Measured Price equates to the Strike Price, Ramco for that month, will receive 100 per cent. of the monthly payment due. If the Measured Price is above the Strike Price, Ramco will receive more than 100 per cent. of the monthly payment due and if the Measured Price is below the Strike Price, then Ramco will receive less than 100 per cent. of the monthly payment due. There is no upper limit placed upon the consideration receivable as part of the monthly payments. Should the share price fall during the period and the Measured Price be below the Strike Price in each monthly period, then Ramco will, in effect, receive less than the GBP7.5 million aggregate subscription amount from Lanstead. In no case would a decline in the Measured Price result in any increase in the number of shares to be issued to Lanstead. The cost of entry into the Agreements, assuming the full GBP7.5 million is approved, is approximately GBP430,000 and in addition, the issue of 1,363,636 Ordinary Shares to Lanstead proportionate to the number of shares issued to Lanstead before and after the General Meeting. As part of the equity swap arrangements Lanstead will retain as collateral the subscription monies, which will be released in monthly tranches and to which payments due by Lanstead or Ramco under the equity swap will be added or subtracted as appropriate. The proceeds from the monthly payments will be used to fund the further development of the projects which SERL is participating in and for general working capital purposes.
wookie77: how does one get the ROS share price across the pond?
skirbell: "so winning the offshore licenses earlier in the year, and the prospect of winning more licenses in the UK ones means little or nothing ?" It means something which is why if the Iraq jv isn't resurrected, I can't see much downside. That was my point - Seaenergy currently underpins the current share price to some extent. "And the one later in the year hasnt got the hurdle of environmental studies to be carried out. It will add immediate value to the company." Firstly I wouldn't be surprised if these were delayed and secondly, while a step toward starting construction, I don't think anyone really sees it as a significant hurdle. Given the govts desire to build these off shore wind farms, I don't think anyone expects the environment reports to significantly impact the progress. I would expect some reaction to the share price but I think it will be a spike upward on announcement and then a gradual fall back. The big share price mover for this project will be the feasibility study where we can all see the actual cost of development. "The share price was hovering at 25p when the thread of administration was known to everyone. And it was trading at c.35p when they had near £60m of debt. And at that time they did not have things like SeaEnergy and LOGP." Yes but what was the market cap then? And the general financial market was significantly different to it is now however in no way am I disputing that the company is in far better shape now than it was then. With regards the 'wildcards' these are exactly that. We have rough estimates on when something might happen but these often slip. Take SOCAR, original thinking was Sept this year but someone posted no earlier than next year following post any likely appeal should ROS win. They'll all move the share price, but when? I've never attached much value to the LOGP assets and have always advocated ROS getting rid of their interest here. Assets in the ground are only really worth anything if someone wants to extract them. There isn't a lot of interest in these assets at this time. Besides, I think some of these values are estimates based upon seismic and model interpretations. This in no way guarantees there is any hydro carbons there as the only way to find out is to drill at least one hole - which is expensive. The basic premise of my post was that downside risk is fairly limited from this postion. If there is no news on Iraq, I can see the share price holding its own for a period of time based on Seaenergy. This is how I think the market will value ROS.
talha2: Re: Question For Grim grimreaper698 6 View Author's profile | Add to favourites | Ignore | Author's posts hi grim no problem i hope you found them both informative and balanced, there is plenty to speculate about at the moment and that is the main reason i think we are sat at 70p a share and not higher. i am hoping that shortly many of the reasons i have stated become official and we recieve a much fairer value for the company but that will be beacuse of official news which will contain all the facts and figures the city requires. every now and then the city is unable to judge just what a company has achieved until it is released officially and in full detail. remp has on several occasions said as much and that the city has unduly held ramco's share price back. in this market to a degree it is understandable but those companies that actually deliver their promises will gain the rewards. i usually have a strict policy of looking at a companies books before i invest. ramco's are not that good tbh if you look at them from an accounting point of view so i wouldnt have invested, but every now and then you have to look at what the company is likely to achieve and that will transform the company from what it currently is to something completely different. this is the case here and whilst we are all waiting for this confirmation i believe it is all but certain now. its always been a matter of time since the ratification rather than if. iraq is high risk but we have seen that risk reduce hugely in the last few months, a fact that has gone largely ignored by the city imho.this is also the reason i keep saying i expect big gains on confirmation of the mpc deal. at last years agm remp said that if either mpc or seaenergy deliver they will be company transforming deals, since then seaenergy has grown into a company signing deals around the world with multi billion pound companies, mpc has also signed with idc and has recieved ratification. it seems both have delivered, all we need is to know just how much they have delivered. rmep has spent 5 years working on the iraq deal, he spent a similar amount in azerbijhan on that deal and it resulted in a share price of 1200p at its peak. bearing in mind there were less shares and the deal resulted in a $150 million payment i feel the current 2 ventures will provide much more in time. remp also stated he is already looking into new ventures after mpc and seaenergy. seaenergy is pretty much a self contained entity with superb management. mpc i feel will go down the same route which will allow remp to do what he does best, make deals. this is why i believe monty is still in play. at the end of the day mkt cap 33 million pounds just is not enough by a long way, and why i keep saying the share price has a very long way to go yet. the markets want figures and facts and i am sure they will get them when the time is right, like i said i think a surprise of big proprtions is in store from all the indications of info that is out there point to. massive upside and limited risk, even if one did fail, highly unlikely,then the other is still worth more than the current mkt cap. find a better/safer investment with the potential upside and i will bow to anyone at this moment in time, i have been at this nearly 20 years and cannot find one at the moment. there are some good stocks but they all carry big risk, ramco is different to these in that risk is getting greatly reduced by the day. once the risk is gone though so will the chance to buy at under 100p maybe 150p, but if you want certanty then stick it under the mattress, even then you risk losing it if the house burns down, same with banks, they are hardly safe anymore. ramco does seem the safest place for my money at the moment yet provides the chance to retire. you pays your money and takes your choice good luck gr -------------------------------------------------------------------------------- More | View thread
cyberpost: Talisman to Acquire UK Minnow With Papua New Guinea Gas Assets Wednesday, June 17, 2009 Canada's Talisman Energy plans to pay £114.8 million ($188 million) to buy UK-listed Rift Oil as deal-making among smaller oil and gas firms begins to heat up. Talisman said Tuesday that Rift's management team has accepted an offer of 13 pence per share --representing a 30% premium to the company's share price on Monday evening. The Canadian firm said it has already won acceptances from 32.3% of Rift shareholders. The deal -- which has still to be firmed up -- is a textbook example of a small-cap explorer proving up reserves and selling out to a larger company before developing its finds. "The board of Rift Oil is pleased that years of investment and hard work have culminated in this offer for the company at a price that we believe suitably rewards shareholders. It is time for those with more significant resources to take over the challenge of developments and commercialization," Rift's non-executive chairman, Ian Gowrie-Smith, said. Gowrie-Smith owns close to 9% of the company. Rift's only assets are two onshore licenses in Papua New Guinea (PNG), where Talisman is also active. Rift has proved up mid-case contingent resources of about 700 billion cubic feet in one of the licenses, PL 235, and is studying possible LNG exports. Talisman is also looking at the possibility of an LNG development in PNG. Like a number of other small explorers, Rift has yet to generate any cash flow and the credit crunch has made it hard to raise money. In the year to Mar. 31, it notched up more than £2 million in operating losses. "While there have always been the haves and have-nots [companies with or without easy access to funding], these have been exacerbated by the collapse in capital markets," analyst David Hart of brokerage Hanson WestHouse told Oil Daily. But with credit markets starting to open up for bigger producing companies, more such deals could be on the horizon, analysts say. While the rebound in oil prices in recent weeks may push up asset prices, it will also improve cash flow and the ability to fund acquisitions, a London-based equity analyst points out. The contrasting fortunes of four UK-listed independents -- Heritage Oil and Bowleven, on the one hand, and Tower Resources and Ascent Resources, on the other -- go some way to demonstrating the sharp divide between the haves and have-nots. Heritage, which last week announced it was merging with Turkish group Genel Enerji, on Tuesday raised £132 million through a rights issue. And earlier this month, Bowleven announced it had raised $114 million in an issue that was oversubscribed and priced at a premium to its share price. At the opposite end of the spectrum, Tower and Ascent both recently announced disappointing well results -- in Uganda and Italy, respectively -- that sent their share prices plunging and will make any potential money-raising efforts that much harder.
unionhall: 1. is out - they were not due to expite shortly.... Perhaps the bankers are aware of an imminent drop in ROS share price and wanted to capitalise before the share price plummeted ? So if no rights issue no other reason to exercise except to support ROS or get temselves out of trouble. Any banks with cash-flow problems recently ?
cyberpost: Is there a bull market around the corner? The FTSE100, made of up Britain's biggest companies closed last week at an 11-week high at 4,243. By Paul Farrow Last Updated: 8:19AM BST 04 May 2009 The stockmarket bulls have been very quiet of late, but that might be about to change. The FTSE100, made of up Britain's biggest companies closed last week at an 11-week high at 4,243 and some fund managers are beginning to talk up a bull market. One such bull is Anthony Bolton, who is worth listening to. Mr Bolton recently stepped down from running one of the UK's most popular unit trusts, Fidelity Special Situations. The reason for its popularity was simple. Under Bolton's stewardship the fund turned an outlay £1,000 into £147,000 over a 28 year period. Mr Bolton says that "all the things are in place for the bear market to have ended". And "when there's a strong consensus, a very negative one, and cash positions are very high, as they are at the moment, I'd like to bet against that". There has been evidence of a recovery already - and not just because of the performance of the FTSE100. Ten funds delivered a return of more than 20pc in April alone. The top performer, F&C Private Equity trust returned a staggering 68pc, while the second best performer, Gartmore Fledgling, climbed 39pc. But you need to tread carefully with some of these funds. They are niche, volatile and are unlikely to be suitable investments for most people. F&C Private Equity Trust, is a fund of funds – investing funds that invest in private equity companies. Hamish Mair, manager of F&C Private Equity Trust, said that the entire private equity sector has bounced from the unprecedented lows of late March and is confident that it will continue its recovery. "At those levels, the market was implying that just about every listed private equity fund had problems and a good number of them were going to go bust," Mr Mair said. "Even if we are facing a severe recession, I think the collapse of the entire capitalist system – which this scenario implies – is still fairly unlikely.'' Despite the stunning performance numbers many analysts are cautious on the F&C trusts's ability to maintain its performance. The private equity sector, as a whole, is still fragile and many companies could struggle to repay bank borrowings, they said. Gartmore Fledgling invests in the smallest companies in the FTSE All-Share – typically companies that have fallen from grace. Gervais Williams, manager of Gartmore Fledgling remains upbeat and said: "It is an astonishing portfolio of unloved, cheap companies with high yields." The Gartmore fund holds JJB Sports, for example. Its share price was about 3p but it is now trading at 23p after it was announced its landlords and creditors had voted for a company voluntary agreement (CVA) that could secure the company's future. It also holds Pendragon, the car dealer, which has seen its share price rise from 2p to 14p in recent weeks. Nick Sketch, an investment director at Rensburg Sheppards, the investment management company, is confident that stock markets will continue to rise and that they will be higher by the end of the year. "I do not know any of my colleagues who do not believe that markets will not be higher in two years either," he added. Mr Sketch says the time to buy shares are when they are cheap (as they are now), but warns that it may not be an easy ride as it 'will not work out every time. "There are certain to be some hiccups along the way because of the economic uncertainty. They will be write-downs and increasing unemployment," Mr Sketch added. Among his favourite funds for those investors in it for the long-term are SVM Global and Impax Environmental Trust (which invests in wind farms, water recycling plants and solar energy companies). The SVM fund is a diversified fund investing in just about every asset from equities, to property to hedge funds – and has a bias towards emerging markets at the moment. "Its two fund managers have a good long-term track record. They are more cynical than most managers, which we also like," said Mr Sketch."The Impax fund has risen by 50pc over the past five years." Steve Forbes, managing director at Alan Steel Asset Management is convinced that we are at the start of a bull market. "Many people are doubting that the recovery in share prices is the start of the bull run – and we take that as a huge positive because the last thing we want is a consensus. The markets are shrugging off bad news, while people have few places left to put their money. Returns on cash are so poor that shares are looking an attractive alternative." Forbes recommends overseas equity income funds because he believes that high yielding shares will do well and suggests M&G Global Dividend is worth a look. "We also like Psigma Equity Income, managed by Bill Mott, for those wanting a UK fund," he added. But not everyone is confident shares will continue to go up and up. Mark Dampier at Hargreaves Lansdown is unconvinced that stock markets have seen the worse. "I wouldn't rush to buy shares right now," he said. "There's plenty of talk of green shoots of recovery but the trouble is I'm not convinced there are any roots." However, he continues to invest on the dips and says that if investors are in it for the long-term, then emerging market funds are a decent place to be. He cites Aberdeen Emerging Markets, managed by Hugh Young and JM Finn Global Opportunities, as among his favourites. Mr Dampier will also be investing his own money in a fund launched today – the Artemis Strategic Assets managed by former 1990s star fund manager, William Littlewood. The Artemis fund will offer a multi-asset mix, investing in equities, bonds, commodities and currencies in long and short positions, as well as cash. The fund's objective is to beat cash and the FTSE All-Share index over a three year cycle. Mr Littlewood was a hugely popular fund manager in the 1990s until he stunned the investment fraternity when he walked away from Jupiter in 2000 suffering from burnout. His popular £1.6bn Jupiter Income Trust had returned 607pc over the previous nine years versus the average income fund which returned 270pc. But Mr Littlewood returns to the fray in a cautious mood. He told the Telegraph: "If I am right in saying this is not an ordinary recession then investors in the short run need to be careful about equities, particularly cyclical ones. To me we are in a binary world where it is deflation today and inflation tomorrow. Unfortunately as with all investments, timing is difficult. While we stay in deflationary times shares are likely to disappoint, and a fall below the stock market lows in March should not be ruled out."
bones698: lol, i have no intention of selling, as i said in my war and peace the other week, i am looking to hold another 5 years then retire at 40.its not often if ever i will get another chance like this, always had faith, then hope and now is the time for patience and the rewards.when you consider we are at the very beginning then i think its possible to see where the share price will be going.i will take it as it comes but the thing that stands out best to me is the mkt cap to share price comparison sp mkt cap 100p 46million 200p 92million 300p 138million 500p 230million 1000p 460million 2000p 920million this is why i believe the mpc fundingis so important as it will give a value for ramco's remaining stake in the venture. like said before if you say 20% for $200mill(£135mill) then we would hit the 300p mark on that may be 20% for $45 million, even then the share price would double but i cant see remp selling that size of stake for so little imho. then again 5 or 10% for $200mill is also as possible. it depends entirely on jpm now and how good a deal they can get. kind of says we are already massively undervalued but also the potential for gains and big gains.we already know this deal will generate in the region of $300million a year in revenue and in the region of $100million in profits per annum. and thats drilling just the wells, as we know there is much more to come from this deal, add a reasonable p/e etc and nothing is out of reach as regards the share price !!
cyberpost: Small caps begin to turn their backs on Aim By David Blackwell and Brooke Masters Published: March 29 2009 22:31 | Last updated: March 29 2009 22:31 Since its launch in 1995, Aim has developed into the most successful small cap market in the world – but, in the past 15 months, it has seen a dramatic change of fortune. Companies were flocking to the London junior market for businesses with low market capitalisations until January last year when the total number quoted peaked at 1,700. But this week that dipped below 1,500, the lowest level for three years. Last year, 258 companies delisted. About half were for positive reasons, such as moving to the main market or a takeover, 28 per cent were suspended or lost their nominated adviser (or nomad) and 24 per cent voluntarily delisted or returned money to investors. One of the latest candidates to give up its public listing is Bateman Engineering, which will hold an extraordinary meeting on April 16. Under the rules, holders of 75 per cent of the shares must back the proposal to delist. Many of those choosing to depart have a large majority shareholder. In Bateman's case, Global Minerals is behind the push to quit the market. On Monday, the board said it believed the 69 per cent stake held by Global – a vehicle for Benny Steinmetz, the Israeli diamond and mining magnate – was high enough that "it is highly unlikely that the relevant resolution will not be passed". Then, on Tuesday and Wednesday, Global bought tranches of shares at 4p each, taking its stake to 78 per cent. Global outlined several reasons for requesting a vote on delisting Bateman, which joined Aim in October 2005 at 200p a share. The share price briefly went above 600p in mid-2007 but the company's financial position has deteriorated significantly. At last week's close of 4.5p, the market capitalisation is about £2m ($2.8m). As a result, Global argued, "it is unlikely that the company will be able to raise capital in the equity markets. There is low liquidity and a small free float in the company shares". Delisting would allow management to focus on the business with a less onerous regulatory and reporting burden. It would create "improved flexibility in financing and would reduce costs and conserve cash". The same arguments might also be applied to Bateman Litwin, the oil services company in which BSG Investments, also controlled by Mr Steinmetz, holds a 55 per cent stake. Over the past 12 months, its shares have fallen from almost 250p to 14.75p. But the London Stock Exchange warned: "Being on a public market is a long-term commitment and companies should be mindful of the consequences of leaving." Indeed, minority shareholders – particularly institutional investors – are already starting to protest at their treatment. Metnor, a property development and construction company in which the Rankin family have a 76 per cent stake, voted last week to quit the market on April 1. Ahead of the vote, a couple of shareholders suggested that Aim should change the rules to stop majority shareholders wielding such power. But the exchange pointed out that the 75 per cent threshold for taking a company private is in line with the rules of the full list. The exchange also said that any hint of even a consultation about a rule change now might spark a further flood of departures. Nevertheless, protests from minority shareholders can make a difference. GSH Group is a facilities management company in which Ian Scarr-Hall, grandson of the founder, controls 83.9 per cent of the shares. Like Global, he requisitioned a meeting to vote for delisting but added that he would vote against any resolution proposed by the directors to tender for shares from other shareholders. Andy Brough of Schroders, which has a 5 per cent holding in GSH, said Aim would become "virtually uninvestable" if companies continued to behave in such a way. Other shareholders also made their anger known, and the company last week said it would support a tender offer at 190p a share – against the 85p to which the shares sank on news of the delisting proposal. The spate of delistings looks set to continue and investors are going to be extremely cautious about companies with a majority shareholder. Jump start As companies rush to delist from Aim, their institutional shareholders are caught in a bind, writes Brooke Masters. The collapsing Aim market has cut their stakes in many of the companies to well below £100,000, so they are not worth a lot of investor time. But news of the delisting often pushes the share prices down even further, making a sale unattractive. That is where Sir Aubrey Brocklebank and his colleagues at Grasshopper Management come in. They have started a service that would help manage these newly private holdings for institutional investors, serving as a point of contact with management and reporting on corporate activities. Sir Aubrey said: "Investors are saying we would love to have someone who tracks this because we can't afford to spend the time". No one has signed up yet but the firm has been talking to investors for only less than a month. Grasshopper believes that the delisted companies "will see an advantage in having a single experienced and focused point of contact with institutional shareholders, which should also be cost effective".
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