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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 |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
30/4/2018 21:03 | - SLE issued MLPL a loan for $174.5m at 17% pa interest. - SLE is scheduled to be re-paid approximately US$19 million per quarter by MLPL. - SLE has said it will return at least 50% of the repayment cash to shareholders via dividends and/or share buy-backs, after repaying debts, etc. - At 3/4/2018, SLE had received a total of $58.6 from MLPL, relating to repayment of the principal sum borrowed + some interest (SLE, 23/4/2018). - SLE are now debt free, with cash to spare going forward for return to shareholders. - "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)... ...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." (SLE, 23/4/2018) - Repayment dates for the outstanding $168.6m owed to SLE, are presumably 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 - So there should be a regular return of cash to SLE shareholders for the forseeable future. | mervin4 | |
30/4/2018 20:17 | I think it will be a couple of quid this year. | city chappy | |
30/4/2018 20:05 | Many reasons to be cheerful about the new SLE not least the $19 million per quarter money coming in, free carry on Barryroe with drilling next year, and the stated intention to begin paying dividends and do a 10% share buy back. | city chappy | |
30/4/2018 19:27 | SLE also have an exclusive right to provide oilfield services on a >$1 billion work programme covering OML 18 which in itself will bring in more revenues regardless of the outcomes. Almost like hedging their bets. | mervin4 |
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