Could be lights out today at LOGP. SEA share price already tanking. |
well might be getting in sub 2 after all..... |
Stockriser think again of course any negative result for logp will impact here but keep dreaming after all you have called this wrong at every turn so far. This stock is worthless and riddled with bad management, mounting debts and misfortune at every turn. Heard the phrase writing on the wall. I suspect logp is close to finished and sea even closer. |
Julcester, that depends on the outcome of the appeal! However, I do not think LOGP is actually priced in SEA, so any negative judgement 'should' result in minimal movement here! |
You couldn't make it up. It's like a magnet for bad news! |
When the appeal was made, did they make that positive adjustment or not?
Providence fully provided for the claim by Transocean in its accounts, and the associated legal costs, and once matters are finalised, Providence will make a positive adjustment to its accounts. |
Transocean appeal due 10.30
Best of luck holders |
WTF? LOGP suspended "pending announcement".
Is this good, bad or terminal? |
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... |
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