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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sdx Energy Plc | SDX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.90 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.90 | 1.90 | 1.90 | 1.90 | 1.90 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 17/10/2024 09:58 by roman2325 Winnet - you know as well as I do if he was looking out for the best interest's of SDX - he wouldn't be charging them 20%.The last thing this company needs is an estate agent turning up to board meetings trying to tell them what to do. Do some research into Alpeh they are not in physical at all the appointment is a negative not a positive |
Posted at 17/10/2024 08:43 by winnet hes just a non exec director. The SDX executive and management team hopefully have the "running the business" bit covered. He will bring expertise and networks in terms of finance. Very important for this business right now! |
Posted at 30/9/2024 13:54 by winnet Roman,I don't know whats going on in the SD negotiations [just like you don't], but I do know when the cap was 7 million GBP they stated that it would require shareholder approval as the figure was more than 75% of cap. The read-across was it was going to be in excess of 6 million USD. I guess, and its only a guess, that as the share price has cratered, the buyers have been turning the screw on the number and SDX have been "messed about". Hence SDX has not completed the deal as I guess, again, it's only a guess, the number is too low and they don't need to sell yet, given they are a going concern... So this has nothing really to do with common sense... but more to do with the fact that SDX is seen as a distressed seller. The issue is that the SD numbers have not been disclosed as the asset is being "held for sale" so it's tricky to work out what production numbers look like. However, there are some historical numbers to look at and we know it is worth much more than we got for WG [bigger asset, more reserves, greater production]. In theory, it should sell for double [ish] the price. But then, like I say, its not a rational economic sale. The analogy about your son is an odd one. He cannot borrow 6 million USD at 19%. I'll leave you to think about that remark for a second. |
Posted at 27/9/2024 09:38 by roman2325 Yes, because at the moment SDX have borrowed 3odd and the debt is unsecured, so in order to get security over SDX assets Aleph need to agree to lend them more... |
Posted at 27/9/2024 08:24 by roman2325 I went through the latest annual report last night - check how much was spent on salaries (frightening)Ned: Aleph for shareholders is very BAD news. The loan has been extended, on the basis Aleph can now take ownership of SDX's assets when they default. And, as mentioned for many months now....Aleph are looking for buyers/partners of these assets....they are not HOPING SDX turn this around and be in a position to pay them back. When someone says they can't pay you back, you don't lend them more money. We all agree that right? |
Posted at 27/9/2024 07:52 by neo26 Ned4th sept company inform mkt of new cln but state they will not drawdown further, just last week they negotiate again for additional 500k and now want to drawdown 2m. What changed in space of 2weeks? Where are the results?Sdx only creditor is aleph if sdx cannot pay aleph take it all, dont you get that? They drilled 3 wells in morocco where is the money going? Board are getting paid too much.. |
Posted at 24/9/2024 15:13 by roman2325 Thanks Ned - it is appreciated.Regarding the financiers - these are the lenders who will provide the loans allowing SDX to dig some holes. My scepticism comes from the fact there are very few partners out there, and you (ordinarily) only partner with someone once they have actually found something. You don't just partner in the hope someone might strike it big. I know this sector very well, and with SDX sitting at a peanuts market cap you might aswell just buy the whole company if you are really interested in their acreage (relative to the amount you will need to spend to execute a full drilling program). First stop is paying back that 20% loan |
Posted at 18/9/2024 13:29 by roman2325 Winnet - Aleph (as I explained before) will have the first call on SDX assets if SDX are in default. Why should they be sold to the highest bidder, when it is SDX who effectively own them? They would only need be sold if the funds were to be redistributed over and above what is owed to Aleph (first creditor), which is highly unlikely to be the case.To be clear: the equity holders (at the bottom of the creditor stack) agreed to this deal by entrusting the board to do 'the right thing' on their behalf. Hence why I repeatedly said the board needs to be held accountable - they signed away the company when they rolled over the deal |
Posted at 06/9/2024 10:13 by roman2325 Winnet - I enjoy reading your posts but you seem to be ignoring the fact they need to spend money to make money (this is E&P) and it is money they do not have. They would need to sell SD for multiples of $10m to take the business forward, and that simply won't happen. Plus: this is real life, and if you are offered something by a company who is about to go under...you bid as low as possible. Or wait for them to disappear. You don't pay 'NAV' and take them out for dinnerThey will have run out of money way before SD closes and the money is repatriated. Aleph know this, they have now got control over SDX assets and are doing deals in the background for when SDX default. The CEO is in way over his head (first time CEO, knows literally nothing about energy and zero network) and will jump as soon as he can find something better. THis already looks shocking on his CV. The share price is cratering for a reason - this will never recover |
Posted at 05/10/2023 07:35 by tomboyb SDX Energy PLC Contract (7423O)05/10/2023 7:00am UK Regulatory (RNS & others) Sdx Energy (LSE:SDX) Intraday Stock Chart Thursday 5 October 2023 Click Here for more Sdx Energy Charts. TIDMSDX RNS Number : 7423O SDX Energy PLC 05 October 2023 5 October 2023 SDX ENERGY PLC ("SDX" or the "Company") SDX/CITIC GAS PREPAYMENT PARTNERSHIP UPDATE SDX is pleased to announce that, further to its announcement on 13 September 2023 where the Company announced a Gas Prepayment Heads of Terms ("HoT"), the prepayment amount of c. $1.9 million has now been received from DIKA MOROCCO AFRICA, a 100%-owned subsidiary of CITIC Dicastal, which is a subsidiary of Citic Group, a Chinese holding company with a corporate portfolio approaching $1 trillion. This prepayment shows evidence of a deepening partnership between SDX and CITIC Dicastal, which is the Company's largest offtaker and has an increasing and immediate demand for SDX's gas. The funds will be used primarily to pay the costs of drilling the KSR-21 well in Morocco. For further information: |
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