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SDX Sdx Energy Plc

0.525
0.025 (5.00%)
Last Updated: 08:00:00
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
  0.025 5.00% 0.525 14,809 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.50 0.55 0.525 0.525 0.525
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
09:04:05 O 7,000 0.525 GBX

Sdx Energy (SDX) Latest News

Sdx Energy (SDX) Discussions and Chat

Sdx Energy Forums and Chat

Date Time Title Posts
13/12/202409:51SDX Energy10,597
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
09:04:050.537,00036.75O
08:00:180.532,17411.41O
08:00:140.535,63529.58O
2024-12-12 16:35:270.50110,000550.00UT
2024-12-12 16:28:270.53199,5001,047.38O

Sdx Energy (SDX) Top Chat Posts

Top Posts
Posted at 11/12/2024 16:42 by roman2325
You're right Ned - you're never seeing 0.6p again

Any party interested in investing, and I can count them on 1 hand, will not want private investors onboard. To be clear: SDX has been looking for investment for 3 years, it never found it. And it is in a far worse state today than it was then.

The only investors left are private energy companies, who want access to the final product. And today SDX produces very little. So again, the vast majority will dismiss it because the due diligence is just not worth their time.

I am highly sceptical that they have found investment, but I suspect Aleph has found an off-taker. Who is aware the state SDX is in, and has agreed to advance a sum against future delivery....at a massive discount. Everyone was crowing for Citic 6 months ago, where are they now.....?

If you're a PI, take the loss and sell out whilst the bid is still there. You will never see a better price than that today
Posted at 10/12/2024 09:59 by roman2325
Ned: they are calling the shots now, they have security over the assets. They know they have SDX over a barrel, they know SDX have absolutely no chance of paying them back....it is delusional to think they wont have a plan in place for when SDX fail to pay them back (again).

They are investors, not explorers. They have zero interest in running an E&P business, they want to get it off their hands, and turn a profit. And if you work in the business, which is sounds like very few on here do, you will know there are only a few options available to them.

All the major shareholders will know what is going on, they will all have been consulted first. Just look at the facts and forget what you want to happen - I have been calling this for 12 odd months lol
Posted at 06/12/2024 15:47 by winnet
they'll ahve to update the loan if this goes through... terms no longer relevant given delisting proposal.

The Lender will have the right to convert the outstanding Loan, including any accrued, in full or in part, into ordinary shares in the capital of the Company ("Ordinary Shares") at an exercise price (the "Exercise Price") being 80% of the Average Daily Closing Price calculated over 30 trading days preceding the relevant date of notification for conversion, provided that the number of Ordinary Shares issued to the Lender pursuant to the Amended Facility Agreement does not exceed the lower of (i) 300,000,000, and (ii) the sum of 200,000,000 plus 50 multiplied by the amount of any loans drawn during the term of the Amended Facility Agreement (the "Threshold"). If the number of Ordinary Shares to be issued, based on the Exercise Price, would mean that the Threshold is met, then the portion of the Loan representing the excess Ordinary Shares will not be converted and will remain outstanding on the terms of the Amended Facility Agreement.
Posted at 06/12/2024 15:28 by roman2325
SDX will obviously have sounded out the major shareholders - you don't build a 5%+ stake in a business without having the ear of the CEO. Shareholders will be asking why should I vote for it - the CEO will have made them a deal and the net result is Aleph take control of the business. Don't forget, in 10 odd months time they need to be paid back a lot of money, or they take the business anyway (the shareholders voted for this!).

TLDR: the bigger shareholders will be bought out at a higher price, the smaller guys (who will reject whatever's on the table because 'its not fair') will be left with nothing and everybody moves on. Its exactly the same as a squeeze out in M&A if you've ever worked in the space.

No one owes you anything, take what you can when its availble
Posted at 06/12/2024 07:50 by dean44
Predictions for the share price today and prior to delisting?
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 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 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

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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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