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TOM Tomco Energy Plc

0.043
-0.002 (-4.44%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tomco Energy Plc LSE:TOM London Ordinary Share IM00BZBXMN96 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.002 -4.44% 0.043 0.04 0.045 0.045 0.0425 0.05 22,881,752 16:35:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Drilling Oil And Gas Wells 0 -690k -0.0002 -2.00 1.27M
Tomco Energy Plc is listed in the Drilling Oil And Gas Wells sector of the London Stock Exchange with ticker TOM. The last closing price for Tomco Energy was 0.05p. Over the last year, Tomco Energy shares have traded in a share price range of 0.0425p to 0.35p.

Tomco Energy currently has 3,187,408,610 shares in issue. The market capitalisation of Tomco Energy is £1.27 million. Tomco Energy has a price to earnings ratio (PE ratio) of -2.00.

Tomco Energy Share Discussion Threads

Showing 56201 to 56221 of 56225 messages
Chat Pages: 2249  2248  2247  2246  2245  2244  2243  2242  2241  2240  2239  2238  Older
DateSubjectAuthorDiscuss
28/3/2024
23:18
£100k in the bank. It will not last long and they cannot leave the raise to the last minute (unlike the accounts). I very much doubt that they will be able to raise the cash. If TOM does manage to get a placing away the shareholders will be diluted out of existence, and if they go under (no odds quoted now) they will lose everything. A rock and a hard place for shareholders really, but no one on this side of the fence will be surprised one iota.

On another matter anyone seen Stuart 'I'll be back' Little of late? To show a little humility, you would have thought that he would stand up to his promise.

the diddymen
28/3/2024
21:55
By the way, I never asked. Is skiboy dead or in jail?
lukeisbackontrack
28/3/2024
21:54
Soon market cap will be multiple of current one.
lukeisbackontrack
28/3/2024
21:53
Choo choo £1 soon, get on board before the news, rmart and ski boy knows someone who is Utah right now, they can’t say much. Just pump it like you mean it.
lukeisbackontrack
28/3/2024
21:51
I can feel it in my urine. This is it, it must be now. Am I correct rmart?
lukeisbackontrack
28/3/2024
20:24
Vauch they cannot do a mega raise for zillions of shares - no one will buy them.

As for spending $17.5m on TSHII - and do what with it ?
No one wants it, the option was always pointless , other than from giving shareholders the obligation to buy more shares or risk throwing away what was already spent - as we said from the start - and then they would have no money to do anything with it ....

As for other gamblers still hoping ?
Its really sad to see the destruction ....

fenners66
28/3/2024
20:18
Number of shares in issue 1-10-2022 1,451,412,012

Number of shares in issue 28-3-2024 3,904,155,277

i.e. just issued another 168% of share capital and achieved no business , lots of losses and of course all that lovely directors' remuneration.

Retained deficit £29.143 million

fenners66
28/3/2024
20:13
This was in the related party disclosure note.


"The company was charged £19,429 for professional services rendered by a company (Oil and Gas Advisors Ltd) of which a director (Dr Donald Philips) is a controlling shareholder.."

So related to Zac Phi l l ips ?

Is that a spelling mistake if related ? 2 L's or 1 ?

Are they trying to tell us that ZP only got £36k (a rise of 44% year on year ! ) but was also connected to another £19k?

fenners66
28/3/2024
19:05
Ditto digger.
goulding1215
28/3/2024
18:38
Fenners I have just taken a first scroll through the detail and frankly they are a disgrace. There may be reasons why the final presentation was not provided by the auditors - I simply do not believe that auditors would ever allow such a slipshod set of accounts to be released. However it does the auditors no favours.

No funder in their right mind will be looking to fund TOM if this is the best that they can do. They had better get the glossies right.

Not long before annihilation now!

the diddymen
28/3/2024
18:23
Some of the notes still have the 2021 comparisons
I suggest this is the accounts being re-used and no one got around to deleting the bits no longer required

again points to a rush job.

fenners66
28/3/2024
18:11
You all know what that means

The auditors published the accounts with the hyperlinks left in - where they had been examining their duties to report
the accounts

My guess is they wondered if they could publish their report as it stands with the paragraph about material uncertainty related to going concern

and were searching for a justification.

NEVER have I read any published set of accounts with hyperlinks to Auditors responsibilities in - clearly this was all done in a rush at the last minute and is a complete omnishambles !

fenners66
28/3/2024
18:07
Ha Ha Ha -just found out why the document's accounts are all underlined !

Its all hyperlinked to

"Auditor’s Responsibilities for the Audit"
hxxps://www.frc.org.uk/library/standards-codes-policy/audit-assurance-and-ethics/auditors-responsibilities-for-the-audit/

"Introduction

Paragraph 41(c) of ISA (UK) 700 (Revised June 2016) allows the auditor to refer in their auditor’s report to the location of the “Description of the auditor’s responsibilities for the audit of the financial statements” that is maintained on the FRC’s website.

This page contains the current version of the “Description of the auditor’s responsibilities for the audit of the financial statements”.
Description of the auditor’s responsibilities for the audit of the financial statements
Applicable for audits of financial statements for periods commencing on or after 15 December 2019"



Etc Etc

fenners66
28/3/2024
18:04
What was I asking about the interest on the Valkor loan for years ?

How much was it actually costing ?

Still not clear - but the interest cost rose from £223k to £837k !!!!

Mugged

fenners66
28/3/2024
17:55
Auditor from Westferry Circus....

well can't argue with that.

fenners66
28/3/2024
17:52
I cannot remember seeing a qualified set of accounts on an RNS before.
the diddymen
28/3/2024
17:52
Directors' remuneration - Salaries....


M. Groat 50 - 50
J. Potter 253 - 233
L. Castro 42 - 42
Z. Phillips 36 - 25

So 2 of them got a pay rise then , I'm sure they said last year they were cutting back....
Moreso they left the Severance Pay 2023 and 2022 columns on the note , even though there wasn't any...


obviously so busy they did not have time to proof read the accounts and remove unnecessary BS

fenners66
28/3/2024
17:39
"effective corporate governance structures that evolve with the business and protect shareholder value is a key element"

Would you describe getting suspended for non filing and filing on the last day, losing an absolute fortune and massively diluting shares to oblivion as protecting shareholder value ?

fenners66
28/3/2024
17:37
4 directors - 0 operations.

At 25 March 2024, the Group had cash reserves of approximately £0.1 million.

Burning cash faster than a fast thing from fastland...

fenners66
28/3/2024
17:35
I have noted this before but the idea that
"The terms of the Valkor Loan were also varied to extend the repayment date for the then remaining $1 million principal amount to the completion date of a suitable funding transaction for Greenfield "

The idea was touted to the shareholders that they do not have to repay the $1m until the funding package "

BUT

"As at the date of this report the principal amount outstanding in respect of the Valkor Loan was $350k."

In other words they paid it anyway !
Why was that ?

And it still does not say there what happens to the interest ?

fenners66
28/3/2024
17:31
Its embarrassing that they tout a success to extend the "option" to a date that passed 3 months ago !
fenners66
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