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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 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 5.75M | 40.72M | 0.0905 | 1.82 | 74.24M |
Date | Subject | Author | Discuss |
---|---|---|---|
29/4/2018 19:20 | Perhaps the outstanding $168.6 million of principal loan plus interest still owed by MLPL to SLE will be repaid as follows: 1 Jul 2018 = $19m 1 Oct 2018 = $19m 1 Jan 2019 = $19m 1 Apr 2019 = $19m 1 Jul 2019 = $19m 1 Oct 2019 = $19m 1 Jan 2020 = $19m 1 Apr 2010 = $19m 1 Jul 2020 = $16.6m Total $168.6m As 50% of the payments will be returned to shareholders, it makes SLE a cash cow, especially for anyone buying shares below the 26/8/2016 45p Placing price SLE used to raise the original $170.3m for entry into the arrangement. | mervin4 | |
29/4/2018 19:20 | I personally think SLE looks attractive. $19m per quarter to SLE (at least 50% which will be returned to shareholders), zero debt, Barryroe to be drilled next year at no cost to SLE, Nigerian Bonny Light crude oil a $74/barrel, a resource upgrade expected on OML 18 any day now, and a small retained interest in Poland, makes it look interesting. As 50% of the payments will be returned to shareholders, it makes SLE a cash cow, especially for anyone buying shares below the 26/8/2016 45p Placing price SLE used to raise the original $170.3m for entry into the arrangement. | mervin4 | |
29/4/2018 18:27 | Almost nobody follows this share so this is a golden opportunity to get some at a ridiculous price, the market will wake up to this over the coming months especially when they pay the first dividend. | ![]() czar | |
29/4/2018 16:52 | San Leon energy 23/4/2018 "San Leon has now received $58.6 million in quarterly payments, and since its Shares were suspended in November 2017 has settled its dispute with Avobone and repaid material outstanding liabilities. As at 19 April 2018, San Leon had a cash balance of approximately $13.5 million. The Company is now in a strong financial position, with the benefit of an expected regular future income stream from its ongoing quarterly loan note repayments (of approximately US$19 million). Accordingly, the Company is now able to progress with the capital reduction, subject to the confirmation of the High Court in Ireland, which has already been approved by the shareholders, to allow capital returns to shareholders." | mervin4 | |
29/4/2018 16:52 | San Leon Energy 23/4/2018: "San Leon has now received $58.6 million in quarterly payments, and since its Shares were suspended in November 2017 has settled its dispute with Avobone and repaid material outstanding liabilities. As at 19 April 2018, San Leon had a cash balance of approximately $13.5 million. The Company is now in a strong financial position, with the benefit of an expected regular future income stream from its ongoing quarterly loan note repayments (of approximately US$19 million). Accordingly, the Company is now able to progress with the capital reduction, subject to the confirmation of the High Court in Ireland, which has already been approved by the shareholders, to allow capital returns to shareholders." | mervin4 | |
29/4/2018 14:16 | any publicity is good publicity, right? | ![]() pastyman3851 | |
29/4/2018 13:17 | Thanks. So SLE are owed more than I thought because they get the $19m per qtr + 17% interest on the amount outstanding. So SLE are owed at least another $168.6m by 2020, not $115.9m. A nice cash cow. -------------------- chart trader2000 29 Apr '18 - 12:07 - 45138 of 45140 0 0 0 As previously stated, San Leon entered into an arrangement in September 2016 with MLPL, whereby SLE would be repaid $174.5 million plus an annual coupon of 17% through to 2020. The Instrument had an inbuilt grace period as historically explained (see the Half year results announced on 29 September 2017). This grace period has now lapsed and, as announced on 03 April 2018, a payment of US$19 million was received, being the third such quarterly payment of the outstanding Loan Notes, with payments received now totalling $58.6 million. A further $168.6 million of principal and interest remains outstanding and payable, along with future interest, in similar quarterly instalments to those received to date. | mervin4 | |
29/4/2018 11:53 | No one is asking you to stay CC but I think $19m per quarter to SLE (at least 50% which will be returned to shareholders) and zero debt, Barryroe to be drilled next year at no cost to SLE, and Nigerian Bonny Light crude oil a $74/barrel with a resource upgrade expected on OML 18 any day now, makes it look interesting. Large shareholder Tosca will making sure they get as good a return as possible. | mervin4 | |
29/4/2018 11:12 | Prior to 31/3/2018, SLE had received $39.6m of loan note repayments from MLPL and SLE received another $19m announced 3/4/2018, so SLE have received a total of $58.6. This will mean SLE are now debt free, with cash to spare for return to shareholders under their promise to return at least 50% of the remaining future cash payments to shareholders. CASH COW. | mervin4 | |
29/4/2018 10:58 | SLE also get 17% interest on the principal and outstanding amounts which is a verey nice rate of return. A nice cash cow and 50% due to be returned to shareholders.. | mervin4 |
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