San Leon Energy Share Discussion Threads

[hpcg] 06/7/2022 23:10

paulbutcher - SIPPs can hold almost anything. ISAs can only hold securities listed on a recognised exchange. In any case your property, i.e. your ownership of a share of San Leon, cannot be taken away from you.

[hpcg] 06/7/2022 23:02

red5 - I expect that it will be difficult to value, many PIs can't value simple situations, and in any case many people will just want their money back. So I expect an impulse lower. How rapidly that is reversed depends on the terms of the deal. Bonny light is higher than a year ago but will be under pressure in the immediate period. Beyond that time though oil is clearly going much higher with producers like Nigeria falling far short of what they would like. I think the ACOES pipeline is a phenomenal asset and the oil producing potential onshore is significant. But if oil producers are under pressure when this comes back then buyers could stay clear.

[paulbutcher1999] 06/7/2022 22:38

I think (correct me if wrong) if the shares are held in pension (as mine are) then they are simply lost if this happens. You cannot take anythng out of a pension (unless over 55) and only registerd shares on AIM, ftse etc can be held in a pension. So this is catastrophic. Or ISAs less bad - you just lose the tax wrapper. Only if held i trading account is it ok (albeit still potentially a hassle).

[red5] 04/7/2022 17:42

hpcg - so you don't think this will go up when it comes back on? surely the price of oil on this one has not been factored in it wont be coming back on at the original price thats for sure.

[hpcg] 04/7/2022 14:58

Not me. Indeed I see an excellent buying opportunity emerging when the stock trades again and some people rush to the exits at well below fair value. I have cash set aside waiting to go.

[red5] 04/7/2022 14:43

Like to ask who isn't scared

[red5] 03/7/2022 14:42

clucking bell the last two post scared the hell out of me

[carcosa] 03/7/2022 05:58

There is practically zero chance of the shares being cancelled. The Corporations Act forbids a company from reducing its shareholder funds unless it is shutting down the business.

What may happen is that trading on AIM is cancelled. SLE are suggesting if that occurs they intend to re-list on AIM at a later date. That is VERY different to cancelling shares. You are still a part-owner of the business and maintain all the basic rights of being a shareholder in a private company.

As with any other asset you can buy/sell/gift shares outside of AIM although the mechanism to do so is far more onerous since dematerialisation became the norm along with nominee accounts. The biggest hurdle maybe getting your stockbroker to play nicely but if the shares are in your name then it requires a transfer notice, confirmation with SLE secretary and approval from HMRC. You can still do it with a nominee account but would probably take 6 months or more to complete the process and have to pay a lot to intermediaries plus the price you pre-agree with a buyer is likely significantly below your expectations. In practical terms it is an unlikely activity but if anyone has a significant holding and just needs some money, its possible. Presumably Toscafund would be a buyer.

If things get really difficult and an AIM listing is way off into the future then SLE could list on something like AQSE - Aquis Stock Exchange formally ICAP Securities & Derivatives Exchange Ltd and, later named NEX Exchange Ltd. That would be the best of a bad outcome if otherwise an AIM listing is years away.

[g1lo] 02/7/2022 19:09

Don't get to excited as the shares could well be simply cancelled on the 8th. SLE mentioned of the possibility on their latest RNS which I personally read as a kind of heads up so investors know what's coming. Truly hope not otherwise it means being kicked out of Aim and loosing ISA wrapper at same time (thanks SLE if it comes to it for taking too long (understatement!) to sort it all out (come on Oisin Aim gave you more than a year how long do you want?!). And then "planning" to re-introduce on Aim as a new enlarge company later (again how later) in the year. Over 10 years I have heard a lot of things that were supposed to happen and guess I m still waiting. Basically do not believe anything that you re told or read. Answer next Friday.

[plasybryn] 02/7/2022 17:43

What's our opening price likely to be? What dividend will be paid? Will Christmas come early?

[plasybryn] 02/7/2022 17:41

Global oil prices could QUADRUPLE to $380 a barrel if Putin cuts supplies even further in revenge for Western sanctions, experts warn

[undertaker] 01/7/2022 20:12

7 days to go

[red5] 01/7/2022 07:19

hoping praying that the 100k is not lost on this this has never seen this length pf time on a reverse take over.

[alaric7] 30/6/2022 11:26

thanks djderry,i do significant research on my stocks,including san leon, and try to comment accordingly. that often involves correcting misperceptions by some posters.

[red5] 29/6/2022 19:31

Glavey --> :-))

[djderry] 29/6/2022 16:55

alaric7,I must say you seem to have infinite patience with the motely crew on here.

[hpcg] 29/6/2022 08:53

rimau1 - I've had nothing through from Deklar with respect to news so I suspect it is simply a random move in thin markets. In a risk-off environment small cap pricing can deviate substantially from ultimate true value simply because of the wide dispersion in outcomes. It doesn't take much in the way of buy-sell imbalance to move the share price one way or another.

[glavey] 29/6/2022 05:51

It's amazing just how stable the share price is here, isn't it?

[red5] 28/6/2022 23:24

But we will on see when sle comes back on.

[rimau1] 28/6/2022 20:22

Decklar resources closed up +25% in Canada today, thats a nice kicker for SLE but i can’t see a reason why. Anyone?

[brian1944] 28/6/2022 15:06

see pvr up 30%