Share Name Share Symbol Market Type Share ISIN Share Description
Rockhopper Exploration Plc LSE:RKH London Ordinary Share GB00B0FVQX23 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.46 2.93% 16.17 868,222 16:35:20
Bid Price Offer Price High Price Low Price Open Price
16.08 16.26 16.70 15.92 16.28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 8.30 -5.57 -1.23 74
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:13 O 25,000 16.17 GBX

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Date Time Title Posts
06/11/201909:11Rockhopper - developing oilfields in the falklands for 2020/2158
11/10/201908:05Rockhopper Exploration10,569
11/10/201908:05L2 - Observations, comments and screenshots58
11/10/201908:05fogl / rkh merger thread189

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Rockhopper Exploration Daily Update: Rockhopper Exploration Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker RKH. The last closing price for Rockhopper Exploration was 15.71p.
Rockhopper Exploration Plc has a 4 week average price of 14.20p and a 12 week average price of 14.20p.
The 1 year high share price is 28.40p while the 1 year low share price is currently 14.20p.
There are currently 457,714,660 shares in issue and the average daily traded volume is 1,501,742 shares. The market capitalisation of Rockhopper Exploration Plc is £74,012,460.52.
whiskeyinthejar: You've just said twice that you intend to email RKH about the share price. It certainly sounds like you are moaning at RKH about the share price. They can't control the share price. It's not pointless to be listed. You try buying or selling shares without being listed. It's not easy. De-listing is a daft idea that would be so unpopular with shareholders that only a scaremonger would suggest it. The share price is falling on very little volume. Sometimes market makers find more sellers than buyers by dropping the price because it brings out the nervous sellers. In fact they will drop the mid price to make buys look like sells. And typically, everyone waits for bottom on chart for buys to pile in. Welcome to AIM. If you don't like it, don't buy an AIM share.
schachmeister: Fitton,forget trying to guess whether the trades are buys or sells,its pointless, the big trades can be worked in over a period of days and sometimes spilt into manageable chunks,depending on the volume and we cannot see the orders either so by the time you see a trade, its meaningless as the price has already been marked up or down accordingly.On top of this, different market makers offer different prices and all transactions are only ever posted as trades,some of these could be one or more days old,so trying to guess at the historical buys and sells is pointless and really not worth the effort. {Price action is your true barometer !!...This tells you if the buys & sells are equal or one_sided.Today,for example, was pretty much an even day,regardless of how many buys & sells you guessed at.Do not believe all the myths about market makers walking a stock down when taking lots of buys or holding it back on strong buying ect..that's mostly nonsense, although occasionally, mms do use a few small tricks to fill or encourage orders but in the main they are simply taking orders and have no interest in the stock,they simply do not care which direction it goes in as they only want the spread and ideally, they want to be 'flat' at the end of the day,i.e buy and sell an equal amount of shares and take the spread. It would be very risky for a mm to hold the price back when buying is strong,remember, they are competing against each other,it would be equally as silly for them to raise the price when taking lots of sells...but they can and do move the price,but only in small increments,to fill and or facilitate orders but it is 'investors' who set share prices,not market makers,they simply take orders and move the price where equilibrium is hoped to be found,and if equilibrium isn't found,as is the case here, then the share is marked up or down in accordance with the number sells & buys. So forget all the myths about market makers because they really don't care whether your favourite share goes up,down or is unchanged, they are big companies and make markets in many shares,they only want to balance their books,i.e, be flat and bank the spread. Now, that's not to say someone isn't driving down Rockhopper's share price, that may well be the case,for example, to facilitate a cheap T/O or put them in a weaker postion for negoitating, merging ect or whatever....but it is definitely not the market makers. I am myself somewhat baffled by the incessant fall in the shareprice here,when we are possibly only weeks or maybe a few months away from potentially transnational news, it is indeed rather strange that 'so few' are willing to speculate and 'so many' willing to sell,and seemingly at any price.
fitton: I continue to be very suspicious of the share price movement.The approximate value of all trades, both purchases and sales was about £65k. It appears there were more buys than sells and the largest sell was about 23k shares with a value of £3.5k.Tiny volumes in relation to the share price movement.Market cap down £1,911,218 on turnover of £65k, and purchases over half of the £65k.Is it possible that the share price is being manipulated down to counter the CFD trading.The spread always shown on ADVFN is the CFD spread and not the direct market spread. Often at opening the spread is very large for no real reason, but the crazy spread can very often cause a CFD buy trade to show a large loss and can trigger a stop loss without any opening trade at all, if that makes sense. A simple observation. It is clear that most people have no idea at all if PMO will get the funding they are asking for to make Sealion happen. It is fact that both PMO and Rockhopper are continuing to work towards making Sealion happen. There is absolutely no information in the market to suggest otherwise, yet the share price continues to fall for what ever reason.I, like probably most shareholders am suffering a large paper loss but taking all the information available in the market I still believe the balance is in favour of project being sanctioned.
nigoil: And if you believe all that you read cyan you are incredibly naive. We all know what is happening on the Lse forum as well as on here, which is a concertive effort to de-ramp and suppress Rkh share price before the positive news starts to flow. I post on both forums as nigoil, what other usernames are you guys using on Lse? I know, lol ;-)
fitton: For what it is worth I will try to add a fairly objective opinion to the discussion. I would also say that I hold a reasonable quantity of shares and like pretty much every other share holder here I am sitting on a substancial paper loss.That aside, here are a few observations.I am very surprised the share price has fallen to current levels based on the information available in the market.RHK appears to be a very illiquid stock so low volume selling can cause a large movement in the share price and the reverse.Premier Oil have clearly stated that they would like to develope Sealion as they own a 60% share.Why would Rockhopper sell there holding in Egypt?,clearly holding this asset would contribute to reducing loses and not increase loses.It was not a fire sale, the company have enough cash to last them for probably the next 3 years on current cash burn.The current market cap is £74m, at year end 2019 the company will have approximately,£35m cash in the bank. Contrary to what some people are saying,RKH will not be another Thomas Cooke or Carpetright to name a couple, RKH have no debt, they owe the banks nothing.Based on the current figures the 40% share of Sealion is worth £40m, if its not going to be developed PMO does it then imply that Sealion has no value to any oil company in the world, possible but very unlikely. Edison produced a faily accurate research document in January, I thought they had done a later one but I can't find it at the moment, this is the link to the January note. Is the current low volume selling down to very nervous private shareholders, now deciding to take there money out whilst they can or is it manipulation? PMO, on the 14th November stated they were talking to a number of parties that may be interested in taking a stake in Sealion. PMO have been advised to approach the UK credit export agency to apply for funding.Would they do this if there was no hope of getting funding? Over the last 3 years Tont Durrant has made a series of exception company changing decisions in charge of PMO.PMO have released positive update after positive update over the last 3 years. What may happen? If PMO pull out of Sealion, RHK share price would fall, but it has to be argued that it is already heavily discounting the chances of Sealion progressing.The cash alone in RHK is worth 7.7p a share, so it would probably trade above that level. More often than not the stock market treats no news as bad news, share prices always drift lower until the insiders start the ball rolling the other way, or is there already some insider knowledge to suggest Sealion is dead in the water? On balance I would say there is no current insider information either way, but the share price drifting to multi years lows would indicate bad news. What happens if Sealion is dead in the water? The share price will fall further but then there is still the chance of a substancial award against the Italian Government, maybe late this year or early next year. Premier Oil own 60% of Rockhopper, will they sell 30% of Sealion to two other parties, 15% each? Rockhopper own 40% of Sealion, will they sell 20% of Sealion to one or more interested parties. Once the funding is in place will Premier Oil make an all share offer for Rockhopper? PMO are selling Zama to reduce debt so its paper would be great for Rockhopper holders. Actually there are 10's of possible deals that could take place. Having watched the progress of PMO over the last few years and on the balance of the information available I believe Sealion will get funding(or is that just wishful thinking).I also think that behind the scenes there are lots of pieces to the jigsaw that will come together once funding is secured. As a final thought, I would say the stock market never stops amazing me,anything is possible, just because the share price is at a multi year low today doesn't mean it won't double tomorrow, who actually knows until it happens.Good luck to anyone prepared to take the gamble and buy at these levels
cyan: Don't you EVER EVER call me dishonest Nigoil. You are really poisonous. "but he didn't like being challenged or disagreed with regarding Arg and i think that maybe the real reason he has spat his dummy out, shame!" Oh dear."please don't twist things to suit your agenda" Just exactly what you have done. You completly misrepresented what happened. The LSE thread had been trashed by you and others attacking each other. I thought I would ignore the personal stuff and start a thread called "Finance" in the hope that discussions could switch back to RKH. No-one commented so I decided to repost on ADVFN to stimulate a reasoned discussion which it did until you came on here with your outrageous "good riddance" post. Please do not come on here to spoil this BB too. I despair at the LSE BB which you have helped ruin with dozens of posts personally attacking others over some fantastic 'boiler room' conspiracy to destroy RKH share price. You obviously do not know how boiler rooms operate. As for "hard facts." I think you are a dangerous poster who posts very misleading statements like this; 03 Nov 2019 14:04 "Will Poo ever be $100 again? Yes! By 2024 more than likely. Is drilling in the Falklands a gamble? No! It wasn't in 1998, 2010, 2015 so why should it be now?" and this; 02 Nov 2019 21:05 "You need to look at Arg and Rkh prospects together, they do show the positioning of Chatham in relation to Rhia over stepping the license areas. This does need to be addressed by Pmo, Rkh and Arg and whoever else farms in and the only way to solve it, is drill and with a deal in place first. It's certainly no wildcat, more of an appraisal" You can not describe any undrilled targets like Chatham Deep ( RKH Gcos just 17%) or Rhea as "appraisals". They are calculated 'gambles' with risks. ARG stressed that in their annual report hTTp:// "General exploration risk Whilst results in the surrounding area are encouraging with respect to the oil and gas potential of the area and interpretation of the seismic data has indicated extensive prospectivity within the Licence area, no commercial volumes of oil or gas have yet been discovered and there is no certainty that such discoveries will ever be made." I could go on but I am not prepared to waste more time or bore others here who want to focus on RKH
cyan: A good news day. As speculated by many; Zama to be sold and that will be great for PMO's books. The surprise is the intent to spend more on SEALION and up production. RKH share price should be far higher now. Lets see what tomorrow brings. Not unexpected that BOR had a little lift after our good news. BOR might look 'cheap' but the issues remain; no partner has emerged for them and big oil recently ignored the Darwin 'bird in the hand' to instead invest in speculative Argentinean blocks; the maybe 'two in the bush' exploration.
whackford: Steve - you may be right about buying out RKH but I would expect far better than a 50% premium. The carry for Phase 1 is worth about 60p per RKH share ($375m).. I believe there is a price below which PMO would find it very worthwhile to buy RKH. Similarly, there is an RKH share price above which RKH management would find it beneficial to become part of PMO with its wider, non-Falkland assets which are already producing. Both companies have, I should think, considered exploring this price-band. If PMO had 100% of the basin and could raise enough from the Zama sale they would have a major oil source (F.I.) without sharing with a farminee.
schachmeister: I don't think the share price,although rock bottom, reflects, in any way, the chances of FID. Share prices are driven by sentiment and sentiment was very good when SL was discovered,hence £5+ a share but now on the eve of FID, it's 23p,this is because sentiment is extremely poor in most oil shares now,check the long-term price graphs and nearly all junior/mid tier oil shares exhibit horrific car crash type graphs with around 80/90% knocked off the shareprice. Two oil price crashes,the prospect of electric vehicles,lack of interest in speculative/risky shares,a wobbly market that has returned 'zero' since 2000 are all contributors to The Rock's lowly share price,so this current share price, in no way, fairly reflects the chances of SL being sanctioned this year. The share price was higher before they found any oil, now they have discovered 300mb,have $35million in cash and a $740million free carry to first oil ,yet the share price is half what is was when they didn't have a single barrel. If one looks at this rationally, it doesn't make any sense because price valuations on shares are simply whatever people are willing to bid them up or down to - regardless of fundamentals. Aim is just a big game- where the vast majority are guaranteed to lose money but the losers play a vital role in this 'game of chance', because without them,they'd be no winners ;-)
citizent: Robpug - I thought they wanted to minimise use of the carry as, though the point of the carry is that it is guaranteed to be available,it costs 15% per annum in interest (the project would not work at lower prices for Premier without that). The original deal had lots of fees/access payments etc and was then simplified to wrap up the costs in a more transparent interest rate. The more they can borrow from the banks at half that or less the better for the RKH share price(and for Premier who would still rather not have to borrow and finance RKH even at 15%). FID will happen with low cost commercial debt and use of the carry pushed out as late as possible for as small a time as possible - if it is used at all. As you get closer to first oil it's easier obtain more commercial debt. Phase 1 is worth £1 per share to RKH, even at FID stage imho (think about it in £ per barrel). I'd say £1 to £1.50 range on FID. a lot more later on. We'll see!
Rockhopper Exploration share price data is direct from the London Stock Exchange
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