Sdx Energy Share Discussion Threads

[danieldanj] 18/7/2018 12:39

SDX Energy (SDX) News Out Just Now

[griffin81] 18/7/2018 11:52

Based on previous drill times, we could well be due another result this week.

[thegreatgeraldo] 18/7/2018 09:30

Handy to have in the back pocket if the current 3D shoot throws up a load more drilling targets

[potential] 18/7/2018 09:21

Excellent news - this is heading one way and only one way and we all know it!! Enjoy the ride ...

[yasrub] 18/7/2018 07:46

Hi Tournesol I hope that is the case and as already mentioned preferable to further dilution.

[ifthecapfits] 18/7/2018 07:45

So, Will we rise 10%

[tournesol] 18/7/2018 07:40

It's a pretty small loan. I'm guessing its an opportunistic thing and that the interest rate is very favourable?

[yasrub] 18/7/2018 07:30

I had assumed SDX would be 'self financing' for at least another year. I realise there were legacy issues with collection of Egypt related debt but past presentations have conveyed confidence and local connections as in hand. This is highlighted for Morocco but is anyone else not a little surprised ?

[brasso3] 18/7/2018 07:23

Maybe they need to use their cash pile for an acquisition?

[darola] 18/7/2018 07:17

I view this credit agreement as great news. It basically means SDX intend to develop and grow through gearing and not dilution. Very happy with that.

[tournesol] 18/7/2018 07:15

RNS says its just a bank loan.

Clearly the French article was using language rather loosely.

[kaos3] 18/7/2018 05:54

what is more important to me is that this shareholder means medium term monetization - EXIT

I would be glad to pump up Morocco operations and sell it at a premium due to high margins, high growth, good infrastructure and connections of the superb shareholder

and then a divi or capital redeployment

[thegreatgeraldo] 17/7/2018 23:07

We'll (maybe) see in the morning....& of course, it's unclear whether SDX Energy or SDX Energy Morocco is increasing its capital.. or working capital?

[tournesol] 17/7/2018 23:02

The French article says that SDX will increase its capital by 10 million. Presumably that means its share capital and that implies that SDX will be issuing new shares for which the bank will be subscribing. Strictly speaking the money received by SDX for new shares is accounted for under 2 headings - share capital and share premium. The first represents the "face value" of the shares and the second represents the difference between face value and issue price. It's unclear if the article is talking about share capital alone - or (capital + premium). If the former then the total investment would end up significantly higher than if the latter.

When I worked in France I was amused/bemused by the way companies were at pains to mention how much share capital they had. Often the figure was printed as part of their letter head. "Company X, Share Capital € nnn million" kind of thing. I found it pretty meaningless - far less useful than the market cap figure for example.

[tli8jaguar] 17/7/2018 21:27

Up 10% in Canada.

[haideralifool] 17/7/2018 18:18

Going by the last set of accounts SDX have two currently wholly owned subsidiaries with Morroco in the name.

[thegreatgeraldo] 17/7/2018 17:32

shakey - they could be taking an interest just in SDX's Moroccan arm.

[darola] 17/7/2018 17:22

Anybody written to the company to ask for the context?

[shakeypremis] 17/7/2018 16:34

Thanks Duckdown. So can't be a loan by the sounds of things. Either direct purchase
of shares either on the market or private transaction or a placing.

[duckdown] 17/7/2018 16:15

I speak French - it's worded as an investment but it will be interesting to see the terms. Looks very positive.

[thegreatgeraldo] 17/7/2018 15:46

Guess the company can't announce it until it's been signed off...

[shakeypremis] 17/7/2018 15:41

That's what I take from it too TGG. It's specifically aimed at Morocco if the way I am reading the article is correct.

[thegreatgeraldo] 17/7/2018 15:40

The article twice refers to "SDX Energy Morocco", which is either a mistake by the journo, or is referring to an investment in SDX's Moroccan subsidiary?

[shakeypremis] 17/7/2018 15:28

I don't think it's really possible to work out what the article is actually saying regarding how SDX will get $10m (ie. loan, grant, placing etc) unless one is able to fluently read French.