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Share Name Share Symbol Market Type Share ISIN Share Description
San Leon Energy Plc LSE:SLE London Ordinary Share IE00BWVFTP56 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.30 1.15% 26.30 25.50 26.30 - 18,224 15:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.2 -44.6 -7.0 - 132

San Leon Energy Share Discussion Threads

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DateSubjectAuthorDiscuss
25/10/2020
11:24
This is Money - the Mail SMALL CAP SHARE IDEAS: San Leon Energy made a £15m first-half loss... but is its lend-to-invest strategy going to prove a winner?By Jamie Ashcroft, Proactive Investors For This Is Money14:59, 19 Oct 2020 , updated 15:00, 19 Oct 2020
plasybryn
25/10/2020
11:22
What does that mean in financial terms?
plasybryn
25/10/2020
10:22
Very nice Barryroe gunna happen. hxxps://amp.independent.ie/business/irish/providence-to-agree-barryroe-deal-this-week-39661669.html?__twitter_impression=true
1kempton
20/10/2020
21:21
2020-10-19 14:01:17.10 GMT (Daily Mail) - A strategy originally born out of prudence sets San Leon Energy apart from the crowd amidst 2020's unprecedented challenges. The Nigeria-focused firm's lend-to-invest strategy may not have been designed for 2020, nonetheless, it has created a uniquely strong position. A $175million loan note transaction back in 2016 gave San Leon a cash-generating foothold in an oil project previously divested by Shell, which now has the capacity to produce around 50,000 barrels a day (bopd) before pipeline and export losses. San Leon sees this principal repaid plus 17 per cent interest – with $88million remaining before full redemption comes in late 2021 - and at the same time it holds a 10 per cent economic interest in the underlying oil field asset. The oil field's returns will soon be boosted by a new pipeline and export route, that will take crude offshore to a floating storage and offloading facility. This will significantly enhance the economics of the operation, which can lose about a third of its barrels before they get to market. San Leon, following its lend-to-invest model, is supporting the funding of the pipeline project. It will receive a 14 per cent coupon for four years and gains a 10 per cent stake in the infrastructure, adding a further stream of continuing income. The blueprint was followed again as recently as September with San Leon lending $7.5million with a 10 per cent coupon, and a 15 per cent equity stake in Decklar Petroleum – which receives the majority share of production from the Oza oil field. Later, San Leon can increase its stake to 30 per cent if/when it extends a further loan to fund expansion work at Oza. These investments all follow a distinct pattern, and, significantly the cash flow supports a dividend policy that continues to provide returns to shareholders – some $35million was paid in the first half of this year, which at the time represented a yield of around 30 per cent. 'We lend to invest as it is a more efficient use of capital,' said Oisin Fanning, San Leon chief executive. 'Most small cap oil and gas companies buy to invest. The capital is sunk into project and they never get it back. They just have to hope the investment goes well. 'From 2016 onwards, we've taken a different approach and it has worked very well for us so far. We lend money, at a reasonably high coupon. We're protecting our capital whilst getting a share of the businesses themselves. 'From a strategy point of view that's turned out to be very wise. It fundamentally means that even in hard times I can still categorically say that we'll be paying a handsome dividend next year, because we know that we'll be getting in around $100million regardless of the market, regardless of operational issues. We'll be getting it in the repayment of principal plus interest.' The financial merits of the model are arguably underrated, from the perspective of the share price at least - as a number of analysts recently wrote up targets and valuation with very substantial 'blue sky' attached. Panmure Gordon in early October pitched a 'buy' recommendation with a 59p price target, outlining around 100 per cent upside to the market price of the share on AIM. Before that, Allenby Capital estimated San Leon's enterprise value at £371million, versus £29million as implied by the company's market capitalisation of around £115million. One reason that investors may potentially overlook San Leon's success relates to the way in which its business is represented in how it is accounted and where the profit and loss belies the group's cash machinations. For those not paying attention to coupons, cash and dividends, the company's $20.4million loss in the first half of 2020 obscures the nature of San Leon's performance. According to Fanning, the paper losses don't properly depict the business which had $41.5million of income from loan repayments or the $35million paid out to shareholders in the first six month of 2020. 'You've got to look at our cash situation,' he pointed out. 'Look at the cash in, look at the returns we've given to shareholders, and you've got to look at the deals that we're doing.' In its note this month, Panmure described San Leon's approach as a low-risk and value-creating model. 'With a relatively small amount of capital deployed, attractive returns are realised whilst having more influence and control than would be the case as a minority joint venture partner,' analyst Ashley Kelty at the City broker said.
1kempton
20/10/2020
20:41
Another great article for sle. www.thisismoney.co.uk/money/investing/article-8855571/SMALL-CAP-SHARE-IDEAS-San-Leon-Energy.html
1kempton
17/10/2020
16:33
Malcy chats to Doc in length about SLE and the great story developing...https://total-market-solutions.com/2020/10/17/malcy-talks-oil-gas-xxiii/
burtond1
17/10/2020
12:24
Malcys blog Providence Resources/Lansdowne Much has been going on at Providence Resources since the new CEO, Alan Linn was appointed in January, and  I was fortunate to catch up with him earlier in the week. The company is now totally focused upon economically developing the Barryroe Oil and Gas Field in the North Celtic Sea, offshore County Cork. In addition it is assessing the potential for developing Carbon Capture and Storage (CCS) in the North Celtic Sea linked with the Barryroe field, to produce an integrated, sustainable, hydrocarbon development. PVR has clearly changed, not only is the focus changed but the model is different as well. Working with SpotOn Energy who, along with a very experienced group of around 6 service companies fully fund development of the field in return for an equity stake, they use their Norwegian base to source export credit and fiscal advantages. These oil service companies can get life of field contracts and are paid from field production and then a royalty stream based on a risk adjusted share of net cash flow defined by SpotOn. Thus the funding of such a development is changed completely, indeed top-up funding might be provided by bonds issued by the companies who will stand behind them and underwrite them thus increasing the efficiency. Moreover this is not necessarily restricted to Barryroe, if it proves to be successful this model might be rolled out elsewhere. So, PVR is now all about Barryroe and the North Celtic Sea which will now be linked to develop the CCS and with a gas pipeline running through the licence gives scope for significant CO2 storage which could feed the 2X500 MW power stations onshore Cork. Finally on this it is easy to see how the whole process adds significantly to the companies ESG credentials. I have much more to talk about from my meeting notes but I wanted to make a few points about Providence ahead of their presentation at Proactive this evening. Alan Linn has got many plans and he is highly realistic about fossil fuels, or as he calls them ‘naturally occurring hydrocarbons’ and Barryroe’s 43° API crude with no sulphur that gets a premium to Brent does that. So the plan is, phased Development of the Barryroe Gas and Oil resources with partners capable of funding the development work programme, as per the above. They will establish early production and cashflow and minimise overall development risk and provide a phased Oil and Gas Development. It is high on the list to achieve a sustainable, carbon neutral development with significant upside under existing medium term drilling plans, within the Barryroe field. In addition a number of these exciting developments PVR has the ability to make the field  a hub for such as Helvick and Dunmore. Providence is a changed animal, all the rest of the portfolio is being submitted as relinquishments and the new PVR is, in my opinion very exciting. I have only had one interview with ‘new’ CEO Alan Linn and he is very impressive, I hope that my comments here are accurate, if not I’m sure that I will be following with much interest. Next stop is to get to grips with SpotOn and the other members of the consortium all of whom are industry gold standard names, the ‘new’ Providence is definitely one for the radar screen, watch tonight if you can
1kempton
16/10/2020
13:20
Some excellent trades being placed today. Nice southward movement.
ceteris paribus
16/10/2020
13:11
https://m.youtube.com/watch?feature=youtu.be&v=g7nvORAcnJs Joel Price 1.07hrs in.
1kempton
15/10/2020
15:54
Turned out nice again I see
witheco
15/10/2020
00:11
Turned out nice again I see
witheco
14/10/2020
09:23
Great comment by OF on UK investor webinar last month.. https://www.youtube.com/watch?v=6sGVilWf934
1kempton
13/10/2020
22:31
Yep, long time ago... learnt to realise the best way to turn megabucks on this company is to use a CFD and go on the downward slide - never fails, almost a zero risk guarantee.
ceteris paribus
13/10/2020
20:50
you been 'topping up your shorts' again? as i was saying, wearing shorts more likely ha ha. some very sad baby trolls on this board,who should go back to kindergarten and get more practice at telling fibs
alaric7
13/10/2020
18:20
Turned out nice again I see
witheco
13/10/2020
10:05
Looking good, couple more weeks and this will realise some good profits. Target 20p well within range (Buy Bid 20.7).
ceteris paribus
12/10/2020
15:40
Turned out nice again I see
witheco
10/10/2020
16:21
great comment by OF on UK investor webinar last month.. https://www.youtube.com/watch?v=6sGVilWf934
1kempton
09/10/2020
14:28
And not just malcy says it either panmure as well as allenby say it too.
1kempton
09/10/2020
14:28
And not just malcy says it either panmure as well as allenby say it too.
1kempton
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