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SOU Sound Energy Plc

0.876
0.007 (0.81%)
10 Sep 2024 - Closed
Delayed by 15 minutes
Sound Energy Investors - SOU

Sound Energy Investors - SOU

Share Name Share Symbol Market Stock Type
Sound Energy Plc SOU London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.007 0.81% 0.876 16:35:29
Open Price Low Price High Price Close Price Previous Close
0.948 0.87 0.948 0.876 0.869
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 28/8/2024 15:58 by halfpenny
Summary. 7 Steps to Heaven and Cash

How Soon is the Question.

1. Signed Deal now for the Money
2. Massive 45 Million Dollars.
3. 20% ownership retained.
3. Gas Demand Increases.
4. Huge Revenue Generator ahead.
5. There are 2 new exciting exploration drills.
6. Now substantial funding for the phase 2 development.
7. With optimistic future and plan for next steps. The next RNS will also provide further details on future growth and revenues.

The loan investor must be confident...a 15% handsome return
With a confident high-net-worth individual ...Win Win for All

Final Deal within 3 months Sept - November so expect a Deal Completion by November...maybe 5th November with lots of Fireworks to Celebrate a target price 4-6p plus..

Future bright with Happy Days Ahead. RNS soon 5 NOV..
Posted at 03/7/2024 11:59 by halfpenny
Demand increases as Analyst Target 4p

Happy Days Flow...
Posted at 27/6/2024 09:09 by b33661
The problem is, it's the market that needs convincing not existing stock holders. Fresh new investors needed to impact so, not recycled old beaten up investors. Let's see. I think it'll be a damp squib though.
Posted at 13/6/2024 15:32 by napoleon 14th
No comment!

Edit, 16.24

SOUND ENERGY PLC will be holding a 2024 AGM meeting on 28th Jun 2024 at 1:00pm BST.

Please click on the button below to accept the meeting invitation.

Accept
Should you have any questions, please contact support@investormeetcompany.com.

Kind Regards,

The Team at Investor Meet Company
Posted at 13/6/2024 12:57 by steelwatch
Last minute reminder: Investor Meet SOU presentation in 3 minutes.



There will be a recording available soon after if you miss it.
Posted at 30/4/2024 16:13 by napoleon 14th
Investor Meet Company - 17:30 TODAY SOUND ENERGY PLC Investor Presentation.
Posted at 19/2/2024 12:54 by steelwatch
Full Presentation and Q&A recording just notified:
Posted at 15/2/2024 14:53 by b33661
They own very few if any shares, 1-2m most. That says it all. It's a critical indicator for any investor. Do they have skin in the game? This lot don't. That's a very bad sign to me.
Posted at 04/12/2023 18:54 by jaknife
steelwatch,

"Aye, but after that £250k conversion, there's only £250k left outstanding and, since you posted JakNife @ 13:16, see RNS today @ 14:26:"

No!

That's how much of the principal that's left outstanding but there's also a huge chunk of accrued interest that needs to be dealt with. Let's go back to the original RNS:




"The first tranche of the Convertible Notes comprises £2.5 million with a fixed conversion price of 2.25 pence per ordinary share, a premium of approximately 28% to the closing price of 1.76 pence per ordinary share on 12th June 2023."

^^ This paragraph is designed to sucker in retail punters with the implication that the loan will be converted at a share price of 2.25p. However, you have to carry on reading to get to the skank:


"Upon conversion, interest shall be rolled up and paid as if the Convertible Notes were held to the redemption date (being five years from draw down), with such interest convertible at the lower of the applicable fixed conversion price and the average of the five daily VWAP calculations selected by the Investor out of the 15 trading days prior to the conversion date."

The interest rate is 15% and hence, for every chunk of £250,000 of convertible, interest will accrue of:

£250,000 principal x 15% interest rate x 5 years = £187,500

Furthermore, the conversion price for this is linked to the current VWAP (Volume Weighted Average Price) rather than being fixed at 2.25p.

Hence, after the last £250,000 of principal is converted, there will then be another £1,875,000 worth of shares to be issued and the price at which those shares are issued is largely irrelevant to the convertible investor because they will forward sell the shares that they expect to receive thus creating the VWAP price at which they are then converted.

JakNife
Posted at 17/8/2023 09:37 by b33661
I ask again telbap, do you ever try to get responses out of the company? Have you asked them why the now over 3 week delay past the exclusivity funding deadline? Why the lng tank isn't installed yet? Why they seem to have been selective with the truth around future funding? They won't and don't respond. They know they've been caught again feeding carp to their investors and are morally weak in terms of character. There is hardly any buying and a continued size seller just depressing the share price day after day with no end in sight. At £20m ish mcap now all the unjustified and utterly unrealistic crowing by investors about the untapped value in this business means nothing. At £21m there's little net value seen and HUGE risks for equity holders. That comes straight back to the door of the absent and self serving management team as is always the case here. No progress, no revenue, no cash flow, means no value. Simple as that.

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