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SDX Sdx Energy Plc

1.95
0.00 (0.00%)
Last Updated: 07:30:05
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sdx Energy Plc LSE:SDX London Ordinary Share GB00BJ5JNL69 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.95 155,000 07:30:05
Bid Price Offer Price High Price Low Price Open Price
1.80 2.10 1.95 1.95 1.95
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
10:49:01 O 100,000 2.00 GBX

Sdx Energy (SDX) Latest News

Sdx Energy (SDX) Discussions and Chat

Sdx Energy Forums and Chat

Date Time Title Posts
19/11/202411:30SDX Energy10,487
09/3/202008:17SDX Energy at the UK Investor Show3
23/7/201807:13SDX Energy (SDX) One to Watch on Monday -
18/7/201811:39SDX Energy (SDX) @ Watch Zone -
16/7/201806:55SDX Energy (SDX) One to Watch on Monday -

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Sdx Energy (SDX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:49:022.00100,0002,000.00O
10:44:521.9255,0001,056.00O
2024-11-20 16:24:202.00100,0002,000.00O
2024-11-20 16:20:441.9511,428222.85O

Sdx Energy (SDX) Top Chat Posts

Top Posts
Posted at 30/9/2024 14:23 by roman2325
Why would they say the price exceeds 3m if it was 11m? There is no logic in that at all. Further, if they say the price exceeds 11m (for example, insert any number you want), then surely the share price would go up, which is what they want.

Not once have any of the directors stepped in to buy stock which is a fair idea that they see this as trading at par, or above. They have corporte brokers reminding them of this every day and they still choose to ignore it.

Red flags all over this, im just waiting for you to post "Just you wait....this time its different"

;)
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 30/9/2024 13:23 by roman2325
Hi Winnet - 2 questions in response:

1. If Aleph want to see the business do well, and don't expect the business to go bust....why are they charging 20%? (Now secured). I repeat - my son (student with no income) can borrow at 19.9%...what do we conclude?

2. Quite simply - why has the share price fallen to 2p? And why has it been falling for several years?

For good order, if the SD price was "exceeding 5m" they would have said so. It is misleading (and against LSE rules) to publish information that could have been construed as something else. People will trade off the back of it, and could lose a lot of money. As it stands no one is going near this so the board are in the clear...but common sense tells us it will be around 3m - dont you think?
Posted at 24/9/2024 12:23 by littlened
I was the only shareholder present,except for NED.They accept fall in share price as inevitable in small cap oil and gas market while transitioning the company in the absence of specific hard news on progress.The big shareholders are not baling out and even adding(rab Dhu)Secured lending no big deal as they expect to pay Aleph before repayment due.Not sure what you mean by 'financiers' but if you mean for new projects they will be partnering for these
Posted at 23/9/2024 14:17 by littlened
A quick take on the AGM last Friday,BOD confident that various initiatives they are taking will prove successful and financing will not be a problem due to support from major shareholders and partners,assuming Aleph loan is rolled over.Delay is for minor tweaking and no big change.Egypt no longer urgent as economic situation there now much more favourable and may even drill more unless prospective buyer makes sensible offer.Aleph is one of the supportive shareholders and not the enemy as some suggest.Generally the atmosphere not indicative of company in trouble ,just share price !
Unless there are specific questions on AGM I will no longer post on this site as it seems pointless
Posted at 20/9/2024 12:27 by roman2325
And Winnet - you do not want an E&P investing what little money they have in buying back their shares....you want them using that to dig wells. It is hard enough trying to find that capital in the first place...

The only reason they have proposed that....is to get the share price higher to hit the board's share options.....THEY ARE ROBBING YOU IN FRONT OF YOUR EYES
Posted at 06/9/2024 14:20 by roman2325
All i'm saying is that the people advising him have watched the share price crater under their stewardship. 90% is these explorers go bankrupt, we know we're looking for diamonds in the rough and these guys aint it

The energy industry is like the shipping industry or the wine industry or the watch industry, you get ahead by doing your time. You develop relationships over time you don't learn them at business school. SDX need to partner with a big boy and quick, they will never do this alone. And no one is going to want to help them unless there is a personal relationship there...
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 dinner

They 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 04/9/2024 16:02 by neo26
Why is share price falling if the big boys are buying?This is a lifestyle company now and in 12 months Aleph will take the assets when sdx defaults. Imho
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:
Sdx Energy share price data is direct from the London Stock Exchange

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