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SRSP Sirius Petroleum Plc

0.40
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Sirius Petroleum Investors - SRSP

Sirius Petroleum Investors - SRSP

Share Name Share Symbol Market Stock Type
Sirius Petroleum Plc SRSP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.40 00:00:00
Open Price Low Price High Price Close Price Previous Close
0.40
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Top Investor Posts

Top Posts
Posted at 09/11/2024 19:04 by ace1976
Sol Chuffy is bang on they have ignored investors from day one,nice to see HT defending these guys,no doubt he knows these guys personally
What did they do for the first 10 yrs apart from living it up off big salaries and bonuses
Posted at 07/11/2024 13:06 by vatnabrekk
That's about right bestdeal. But I'm sure that the major investors (big boys)know exactly what's gong on!
Posted at 05/11/2024 23:04 by sheriffbiggs
Sent an email yesterday. Don’t expect a response:

Hi,

Let me start by saying that based on this companies track record of communication, I do not expect I will get an kind of detailed response to this email, though potentially a pre-written statement that the company is working towards relisting on the London Stock Market. If that is the case, please still do reply, I'll add it to the list of other times you've aimed to re-list, it makes a nice timeline montage.

For a long time I have been invested in Sirius Petroleum as it was and now Tende Energy. In all the time I have been invested I have tried to keep faith that the Board of Directors are operating in the best interests of the people who have helped finance the ventures: the shareholders

The general impression is unfortunately the complete opposite, where shareholders feel used, the board are incompetent in delivering anything promised, and actually that is all the shareholders have: empty promises.

While I fully appreciate there is a level of complexity to the operations, and no doubt the deals (hopefully) being done, but there isn't any level of complexity in keeping shareholders abreast of developments, even if this is a news blackout. To reassure investors that you do actually intend to deliver on the plan would now need to stop being words and start being actions.

As I've stated above, I do not expect to get any kind of real response from you, if you even still read these emails, as I think it has become one of three outcomes:
1 - You can't talk about it, even to release a news blackout. I have no idea what situation would lead to this, but you never know

2 - Work is so close that I only have to wait until the end of (insert month here) and I will get the news and see the deals have been done

3 - Nothing whatsoever is happening and I've actually lost my money invested and you have all gone on to new ventures and don't have it in you to announce anything or tell anyone

At this point, I really don't know which it is, I do know there are some serious issues within this company

Regards

A disillusioned shareholder

P.S. for the records, having a link to an email titled "investor relations" implies you have any. I'd suggest a rethink of that
Posted at 05/11/2024 22:32 by rpat2
From CRCL rns who are also in Angola! Timely approvals Additionally, the support secured in this fundraise from strategic investors that have deep experience in oil and gas sector, and in Angola in particular, is a testament to our sound strategy and a foundation for sustainable growth. We are grateful to the National Concessionaire of Angola, ANPG, for their continued support. Since taking over as concessionaire in 2019, ANPG continues to act as a true partner for oil and gas companies by providing a great environment for investments, through timely approvals, measures to limit financial exposure, as well as flexible terms for companies in Angola.
Posted at 02/11/2024 09:55 by vatnabrekk
The point I'm trying to make HT is that the Tende energy plc (parent company) shares are not mortgaged. You and I and hundreds of other investors own those shares, and they are not the ones being "mortgaged". It is the Tende Angola Ltd shares that are being mortgaged.
Posted at 18/8/2024 10:44 by dr rosso
Mergers and Acquisitions: The Impact of Blackout Periods on Investors


Blackout periods are a common occurrence in the world of mergers and acquisitions (M&A) that significantly impact investor relations. Companies are prohibited from providing material information to investors, which can lead to challenges in maintaining effective communication and transparency with shareholders.

Blackout periods are imposed during certain stages of an M&A transaction when material non-public information is being prepared or disclosed. They serve to protect the integrity of the deal, prevent insider trading, and ensure fair treatment of all shareholders involved.

The length of blackout periods can vary: Blackout periods in M&A deals can range from a few days to several months, depending on the complexity and scale of the transaction. Shorter blackout periods are typically observed in smaller deals with fewer parties involved, while larger and more intricate transactions may necessitate longer periods to ensure compliance with regulatory requirements and allow for thorough due diligence.

A due diligence phase allows the acquiring company to conduct a comprehensive examination of the target company's financials, operations, and legal matters. During this period, both companies must be cautious in their public statements to avoid any potential market manipulation or premature disclosure of sensitive information. The duration of the due diligence blackout period can vary based on the complexity of the deal and the level of scrutiny required.
Posted at 13/7/2024 11:25 by only1gibbo
HT - re post 136036 and the Morningstar link.

I don't think this is going to improve our lot. The "UK will move to a "disclosure-based" system, which the FCA hopes will "put sufficient information in the hands of investors, so they can influence company behaviour and decide how they want to invest." actually seems a backward step.

The article goes on to state "The existing regime means corporate actions are put to mandatory votes, long seen as a key feature of the UK's global reputation for corporate governance. However, the FCA agrees they can also present stumbling blocks.

Instead, "significant transactions" and "related-party" transactions will now be subject to official disclosures to allow investors to make up their own minds in a different way. Shareholder approval for reverse takeovers and de-listing will remain."

So this seems to be a move from requiring shareholder approval for significant and related party transactions to one where the the BoD just tell them what is happening. I really don't think that is going to make things better here, in fact, it'll probably make things far worse in terms of shareholder engagement.

Further on the article quotes "Chris Beckett, head of equity research at Quilter Cheviot, agreed the reforms were an important move, but highlighted the risk that governance standards might fall."
Posted at 28/6/2024 09:16 by htrocka2
A passing thought had occurred to me....(only my opinion of course).. Odey Asset Management were classed as 'Cornerstone Investors'...implying that they would be crucial to the IPO process,(ref below) which in turn suggests that this was how 'Tende' intended to finance the debt element of the ATOG funding as stated on the website.If, due to the Crispin debacle, Odey Management insisted that their investment be refunded....where does that leave the IPO process.....etc?




from a News item (website)
'The initial tranche of this facility will be combined with US$15m of subordinated funding, which has been secured from a range of international institutions, including Odey Asset Management as a cornerstone investor.'

Cornerstone Investor
What does Cornerstone investor mean? The phrase is typically used to describe an investor who agrees in advance to subscribe in a forthcoming IPO. The cornerstone investor is usually brought into the IPO process before the formal bookbuilding process starts.
Posted at 21/6/2024 11:52 by htrocka2
IF......you are a 'Key Investor' or a 'business Partner' then you are privy to 'regular dialogue'....It seems that no one on this thread qualifies. (ie, 'dialogue' implies a two way discussion)



from the AR.
'The Board engages with investors at the AGM, through news releases on the website, and maintains regular dialogue with key investors, and business partners.'
Posted at 05/5/2024 09:27 by davidosh
For the whole of this long weekend any investor buying a ticket for the *Mello2024* event will be given the bonus of being able to bring a friend or family member completely free of charge. Worth getting a friend to join with you and halving the cost maybe...

Will end at market open on Tuesday as it is a bank holiday weekend so plenty of time to connect

Mello2024 investor conference takes place on the 22nd and 23rd May Do come and join us....another six companies added to the list today and another six to be announced on Monday.

We want to keep this important face to face engagement with companies going and it has been tough since Covid as many directors just want to do webinars as their only token offering to investors. If you want to ask private questions or check out body language it is impossible on webinars and investors need to network with each other too.

Please support us and encourage companies/ management teams you are in contact with to come along to Mello2024 in Chiswick on 22nd or 23rd May

Mello2024 – Mello Events

If you have never been to one of our two day conferences before then clearly you are missing a great opportunity to engage with management teams and also network with hundreds of likeminded investors so we are offering virgin tickets at just £30 for either of the days so that you can see what it is all about.....a big discount from £99.00 and if you do not agree having spent the day with us I will give you an annual pass to our virtual shows on top. I just want investors engaging with all these quality smaller companies. This offer is only if you have never attended before so please be fair to all those who pay much more.... Simply enter the code NEW2MELLO24 BUY NOW:

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