That's not the point I am making Bones! |
I think we can all agree they vastly overpaid too |
I think you will find that sea paid more like £10 million....
The company bought the entire issued share capital of R2S for an initial cash consideration of £5m.
A further cash payment of £500,000 will paid next March if revenue targets are met.
SeaEnergy will also pay up to £4.6m in March 2014, subject to R2S achieving certain profit targets |
Oops buying shares without having a clue isn't a good idea. Firstly r2s is suffering and in decline therefore only worth a fraction of its original price. Then there are the debts that need paying around 2m.then there is the fact it's a fire sale. All of which means the shares you thought were cheap are pretty much worthless. Rise in share price is more likely the mms suckering in mugs with no idea |
High,i bought some sea recently.Anyone can tell me what is the value of R2S if it was acquired for £5mill in 2012?If the same would it worth 9p per share?(£5mill:56mill shares=9p)if so we are at very good value,here,imo.(also may is a deadline so a deal,if so,must be concluded b4 that). |
 Paps and all, please remember to look at the date of the RNSs. That RNS was a month ago, 10th March, and that is why there is no such RNS from Seaenergy about LOGP on the 8th April.
The sentiment to LOGP and PVR is up and down based upon when people think a deal may happen for Barryroe. As this RNS was brought to mind, it is worth remembering that the loan note was not extended for very long (September), which is a good thing if you think that something will make it easier for LOGP to pick up some reasonable finance in the not too distant future.
At the moment PCI and companies that are overexposed to assets they cannot hope to manage, are being hung out to dry like the rest. Companies like LOGP just need one deal, not deals all over the world. Just a bit of Irish nervyness goong on, and nothing to concern us I suspect.
When I saw Pap's post on the 8th April, I got worried, but maybe he was on the whiskey a bit early due to it being friday already. (just kidding Paps). The point is, it made me think that Seaenergy was on the rise due to someone buying their stake in LOGP. Now that would be madness by Sea - to sell LOGP at this price level, when at some point soon we may see a deal done with LOGP. I simply cannot see the logic in selling their LOGP shares in the current circumstances. Why give them away when value will out one day. -possibly within a year! The duration of the loan note extention can be interpreted in a variety of ways, but I think it is positive that they did't extend it for too long.
As for Seaenergy and the buys, and the price rising, perhaps look to r2s. One could speculate that the 'unknown' rise might be due to a deal related to that.
All speculation as usual, but I suspect that if there is an upsike in oil prices early in the second half, LOGP won't be around for very long, nor will perhaps Seaenergy either. |
deal coming |
Expecting an rns Monday,then...have a nice w/e |
We know of no business, RNS more like! |
maybe there is a reason.... |
Where's the we know no reason RNS |
ahhh the young |
With only 56 mill shares and 18% on logp`s hands,it will not take that much buying to a return to a more decent level of share price ... |
ronan7...more likely at 3p... |
Buys coming on,now... |
Bit of semi-serious buying going on today.
Curious. |
A farm out now would be on abysmal terms anyway given the market for oil. This is pretty much over. Best outcome is sell r2s for a few mill and keep going for another 12 months with no business and paying the wages for managing nothing. They have ruined the company. |
SeaEnergy PLC Statement re: Lansdowne Oil and Gas announcement
10/03/2016 7:03am
UK Regulatory (RNS & others)
Seaenergy (LSE:SEA)
Historical Stock Chart
1 Month : From Mar 2016 to Apr 2016
Click Here for more Seaenergy Charts.
TIDMSEA
RNS Number : 6177R
SeaEnergy PLC
10 March 2016
SEAENERGY PLC
("SeaEnergy")
Statement re: Lansdowne Oil and Gas announcement
SeaEnergy PLC (AIM: SEA) notes today's announcement by Lansdowne Oil and Gas plc, a company in which SeaEnergy holds an 18.67% interest, concerning the extension of the term of its senior secured loan note by six months to 9 September 2016.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Strangely enough, advfn, don't show this RNS from LOGP. It has done wonders for the SEA share price today, but has had a negative effect on the LOGP share price
Can't see the positive effect on the SEA share price lasting though. The only hope for both the SEA & LOGP sp's, IMO, is a takeover offer for LOGP as judging by the falling PVR share price hopes for a Barryroe farm out seem as distant as ever. |
I was being offered 1.75 for a 'few' 100K this morning when the bid was displayed as 1p. Had to pay full price to buy! |
Yes, that 100% spread is very tempting. |
Spot on Stockriser - UP 38.5% today. LOL! |
So - a quarter of the way through April. According to JAW, the company runs out of money in the next few (maximum of 7) weeks. A sale of R2S would necessitate an EGM, which on its own takes time to schedule...
...and not a cheep from our esteemed board. |
So they did not get the plant pot yesterday - share price will prob go up now ....lol |
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