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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sound Energy Plc | LSE:SOU | London | Ordinary Share | GB00B90XFF12 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.02 | -2.46% | 0.792 | 4,027,588 | 16:35:26 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.75 | 0.834 | 0.85 | 0.716 | 0.716 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 4.97M | 0.0026 | 3.27 | 16.29M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:28:00 | O | 5,766 | 0.85 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 04/12/2023 | 15:36 | ALNC |  Sound Energy noteholders vote in favour of bond restructuring |
| 04/12/2023 | 14:26 | UKREG | Sound Energy PLC Successful Completion of Bond Restructuring |
| 30/11/2023 | 14:54 | UKREG | Sound Energy PLC Partial Loan Note Conversion & TVR |
| 20/11/2023 | 14:37 | UKREG | Sound Energy PLC Adjournment of Noteholder Meeting |
| 07/11/2023 | 15:08 | UKREG | Sound Energy PLC Change of Nominated Adviser |
| 03/11/2023 | 13:51 | UKREG | Sound Energy PLC Publication of Bond Restructuring Proposals |
| 31/10/2023 | 17:54 | UKREG | Sound Energy PLC Partial Conversion of Convertible Loan Note & TVR |
| 25/10/2023 | 16:28 | ALNC | TRADING UPDATES: Franchise Brands trading in line; Tribe secures loan |
| 25/10/2023 | 06:00 | UKREG | Sound Energy PLC Extensions Attijariwafa Term sheet ONEE Agreement |
| 29/9/2023 | 15:39 | UKREG | Sound Energy PLC Partial Loan Note Conversion |
Sound Energy (SOU) Share Charts1 Year Sound Energy Chart |
|
1 Month Sound Energy Chart |
Intraday Sound Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/12/2023 | 23:44 | SOUND ENERGY PLC ►►►Focussed on the Mediterranean Area | 15,932 |
| 03/10/2023 | 14:11 | I BOUGHT SOUND ENERGY TODAY SO UNDERVALUED | 1,248 |
| 04/5/2023 | 14:00 | SOU - Sound Oil plc | 24,742 |
| 13/1/2022 | 14:56 | HOLD ON TO YOUR HATS ....IT'S ABOUT TO BREAK THE SOUND BARRIER ! | 12 |
| 25/3/2021 | 16:18 | James Parsons | 619 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2023-12-04 16:28:00 | 0.85 | 5,766 | 49.01 | O |
| 2023-12-04 16:20:05 | 0.85 | 9,036 | 76.81 | AT |
| 2023-12-04 16:20:05 | 0.85 | 9,036 | 76.81 | O |
| 2023-12-04 16:20:02 | 0.85 | 9,036 | 76.81 | AT |
| 2023-12-04 16:20:02 | 0.85 | 142,866 | 1,214.36 | AT |
| Top Posts |
|---|
Posted at 04/12/2023 08:20 by Sound Energy Daily Update Sound Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker SOU. The last closing price for Sound Energy was 0.81p.Sound Energy currently has 1,915,955,549 shares in issue. The market capitalisation of Sound Energy is £16,285,622. Sound Energy has a price to earnings ratio (PE ratio) of 3.27. This morning SOU shares opened at 0.72p |
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 04/12/2023 13:16 by jaknife telbap,"Well it’s clear the MMS have zero stock, who would sell at this low price? It’s now a waiting game for the eventual value to out and if you have the nerves, buying more at these low low prices." Have you not been reading the RNSs? Sound have a death spiral loan and the death spiral loan investor sells £250,000 worth of shares EVERY month. Just last Thursday they RNSd the latest share dump: There are still oodles of shares for them to sell, after they've sold the shares arising from the principal element of the bond they then have the shares to sell from the accrued interest element of the bond and they're the ones that get converted on a VWAP basis! JakNife |
Posted at 24/9/2023 11:02 by napoleon 14th Good "find", steelwatch. Definitely worth reading for those interested.I see it comprises dilution; c.40% off the top of my head. I presume a simple loan package from the Moroccan state body was not available? So, there's an estimated/projected 300 to 400% capital gain to go for over the next two years, attractive to new investors as there is a productive and profitable asset to develop, & as long as gas prices hold their current attributed value at US$90bbl. What about those who bought shares before the dusters killed the share price by 95%? If (big IF) they find more gas after further drilling, things could be a lot better. That is speculation, which cost the followers of James Parsons a huge %age loss on their investment. I've toyed with the idea of buying at the sub-1p level but so far have followed other prospects. |
Posted at 21/9/2023 05:52 by telbap @B33661. Your post 14 days ago......I?m sorry telbap, I disagree. At least a placement would have a definitive end and you could price the impact. Right now the share price is trading 0.77, -18% on the day and far further to go. They?ve completely horsed this up and are locked away avoiding investors.We are back to 1p and it looks like we will climb up from here. You were incorrect with your prediction/ assumptions......What class A drug were you on at the time? |
Posted at 06/9/2023 18:01 by b33661 You're reading the wrong part of the rns! They also get paid all outstanding interest at 15% for 5yrs compounded if redeemed early. Look at the conditions section. Those are priced at a weighted avg price around time of conversion! Clearly giving them an enormous incentive to crater the share price Sorry but that's not good at all. I think Graham Lyons has been a silly boy. You might think so too when the penny drops |
Posted at 04/9/2023 08:15 by jaknife The death spiral convertible was first issued on 13 June:It's 12 weeks later, the share price has fallen 46% to 0.95p, and just £1m of the death spiral has been converted. There's the remaining £1.5m principal part of the convertible to be sold and then the £1.875m interest component. So if it takes 12 weeks to sell £1m worth of shares then it'll be another 18 weeks to sell the £1.5m principal component and then another 23 ish weeks to sell the interest component of the death spiral. On the back of an envelope that means that the death spiral holder will be selling shares until the end of May next year. So expect a relentless share price decline for at least another nine months! JakNife |
Posted at 01/9/2023 13:19 by b33661 Latest RNS Today - as suspected, the poor institution that lent 4,5m to SOU at 2.2p equivalent is getting run over and looks like a forced seller. Another 22m shares to be sold over the coming weeks. Means only one thing for the share price I'm afraid.... |
Posted at 01/9/2023 11:30 by b33661 Who is the seller?In the good ole days, when this share price went up most the time instead of down there used to be completions or sweepstakes about the Xmas share price and stuff like that.There's a big consistent seller out there who keeps selling day after day at close to new lows. They clearly think they see an issue you lot don't. So why don't we have a sweepstake as to who the seller is? I suspect it will become obvious in the next couple of months.... |
Posted at 05/7/2023 07:27 by b33661 Share price is rocking it today. 12% wide bid/offer spread and a huge 500 shares traded. A few questions in for the team tonight but assuming none will be answered. GL probably didn't expect the share price at 1.3p when the last two RNSs released but it's all hot air and never never until cash starts to flow in as opposed to out, and the market doesn't seem to have any faith that'll happen in the end. High risk and poor odds this gas game. |
Posted at 26/8/2022 08:03 by b33661 European gas is now trading today 30x or 3000% higher than normal. The fact the sou share price sits at or close to all time lows says everything and all you need to know about the market's faith in the ability of management to score an open goal opportunity here....!!!! |
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