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Share Name Share Symbol Market Type Share ISIN Share Description
ST Peter Port LSE:SPPC London Ordinary Share GG00B1V4NS68 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 8.50p 8.00p 9.00p 8.50p 8.50p 8.50p 0 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -5.2 -8.2 - 5.80

ST Peter Port Share Discussion Threads

Showing 426 to 450 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
26/11/2018
10:52
Looking over the last few years reports from Celadon by OPP, they comment that Celadon had $66m in cash a few years ago, with a 23% stake in the chang tan coal subsidiarry. The celadon cash seems to have been spent in buying out the other chang tan shareholders by increasing its stake to 60% then 80% then 100%. Whether the celadon controling shareholder has been using the cash to buy out his related parties in a dross asset at a massive premium or whether the asset truly has a value is hard to conclude. OPP give it a value, SPPC consider it worthless.
flyfisher
26/11/2018
08:36
With regard to the Buried Hill asset, the serdar/kapaz field, which is involved in a border dispute between azerbaijan and turkmenistan. A presidential meeting was held last week which resulted in signing several cooperation agreements, i would expect talks on the disputed border will follow at some point. hxxps://en.trend.az/azerbaijan/politics/2983572.html
flyfisher
19/11/2018
11:05
The recent caspian sea border resolution has already led to renewed o&g development in the northern sector of the sea. hxxps://en.trend.az/business/energy/2981747.html Sadly the southern sector in which the buried hill asset is located has yet to find a seabed border resolution.
flyfisher
19/11/2018
10:01
... Although it would be nice if they issued Hargreaves with their key information document set, sigh...
zcaprd7
13/11/2018
14:26
Fairly positive for a change...
zcaprd7
15/8/2018
20:18
Interesting, thanks @The Vogon.
spectoacc
15/8/2018
09:05
For those brave enough to have a flutter, the possibility of an end to the dispute over dividing up the mineral rights in the Caspian sea could see a significant uplift in the value of SPPC's holding in Buried Hill https://www.bbc.com/news/world-45162282
the vogon
07/8/2018
07:45
I guess the fx loss has been fully reversed now, perhaps even an increase?
zcaprd7
10/7/2018
17:50
AGM on Monday. Highlight of their year.
russman
10/7/2018
17:39
Some buying today? Any news?
zcaprd7
13/6/2018
17:34
Thanks @flyfisher
spectoacc
13/6/2018
10:53
Buried hill's asset is tied up in a longstanding border dispute. Some progress towards a resolution has been made and there is a Caspian sea summit meeting planned in august between the littoral states. hxxps://eurasianet.org/s/caspian-pact-paves-way-for-turkmen-gas-exports-to-europe-eventually
flyfisher
13/6/2018
08:58
Mr shore should make a bid of 20p and sod off...
zcaprd7
12/6/2018
03:30
Mr Shore & co should take another pay cut.
russman
11/6/2018
15:12
Nowt. They're right about a firesale, tho with hindsight it might not have been so bad with the NAV at say 40p! Got to hope there's a decent winner in there, that'll make up for the rest, and in meantime it's trading at a fraction of "NAV".
spectoacc
11/6/2018
15:10
Not much we can do, other than sit tight?
zcaprd7
11/6/2018
08:02
Have read it again, they've cut more costs to justify keeping going (another continuation vote) and are optimistic of getting out of things at premium to carrying value - write-downs can easily become write-ups. But the timescale is a worry - I bet we're in this exact position in a year's time, and who knows in eg 5 years time. "As reported in the Investment Manager's Report below, several of our companies continue to move towards a stage where an exit for the Company is more achievable on good terms. Despite this, (other than Global Atomic) none of the companies have yet reached a value inflection point which would drive an exit opportunity. For us, a likely exit may comprise any of the following: a portfolio company listing its shares on a stock exchange or being sold to a financial or trade buyer or, if one of the portfolio companies does manage to reach the next phase of its development, our being able to sell our position in that company on the secondary market. Our portfolio remains highly illiquid and so we have therefore reduced the carrying value of two companies (in the case of Union Agriculture, significantly), to reflect this illiquidity. We should stress, however, that the reductions in value are based almost entirely on liquidity delays and not because there has been any specific negative news communicated to its shareholders by either company. In a circular to shareholders published by SPPC on 24 May 2017, I explained how the Company's board of directors believed that our portfolio of companies offered potential for capital gain from the values at which they were then being held. We also stated in that circular that it was our intention to offer shareholders the opportunity to vote annually whether to continue the life of the Company or initiate the liquidation of all the Company's holdings (including those which are highly illiquid). For this reason, a resolution whether to continue the life of the Company for a further year is being proposed at the forthcoming annual general meeting. We continue to believe that the portfolio still offers potential for capital gains from the current carrying values at which we hold our interests in the portfolio companies. As reported in our interim results for the period ended 30 September 2017, we have also implemented a cost reduction programme which has reduced annual costs by some GBP200,000 per annum. All annual expenditure remains under stringent review. We therefore believe that continuing the life of the Company on a further one year rolling mandate will put the Company in the best position to realise capital gains from its portfolio. Conversely, were the Company required to realise its investments in the short term, it would likely have to accept prices appropriate to a distressed sale. The Board remains committed to trying to deliver value to shareholders through disposals of the investments and by trying to stimulate liquidity. It also remains open to alternatives should they arise."
spectoacc
11/6/2018
06:43
Strewth. Only SPPC's board could put these as "Highlights": "Highlights -- Investments in 7 companies* at year end valued at GBP12.1 million (2017: 12 companies at GBP16.5 million) -- NAV of 20.66p per share at 31 March 2018 (2017: 29.56p), down 30.1 per cent. on the year -- FX movements during the year contributed to the lower NAV by 2.81p, equivalent to 31.6 per cent. of the reduction in NAV per share. These FX movements have partly reversed since the year end "
spectoacc
24/5/2018
16:22
I can only see a press release from January 2018?
zcaprd7
24/5/2018
08:39
Some recent news from stream tv. hxxps://www.streamtvnetworks.com/press/
flyfisher
10/5/2018
10:32
Well, this is tedious, are we due an update soon?
zcaprd7
06/4/2018
15:01
The corpse twitches.
spectoacc
06/4/2018
14:53
Signs of life?
zcaprd7
21/3/2018
18:33
Any one know regards the flat screen stream media holding? There was chatter on being merged with someone. Do we assume Dalton is aware of negative news after dumping stock?
hedgehunter2
21/3/2018
11:50
I've been reading what I can - and thanks for the above link. Surely this has to be worth more like 15p in pay-out terms albeit "heventually" as Manuel would say?
boystown
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
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