Urals Energy Share Discussion Threads

[basem1] 31/5/2017 13:29

I can buy 10000 at 128.45. NT for 13000 Weak oil and a monitor showing red for the last few days don't fill me with confidence though. You would think the ftse 100 was falling every day not rising ??

[martyn9] 31/5/2017 13:24

Late trade just shown 13000@£1.35 paid.Full ask.

[lalria] 31/5/2017 13:06

HSBC wont allow me to sell or buy any at the moment so ive put a query in with them as its not evening showing that my shares have been consolidated

[martyn9] 31/5/2017 08:26

26 shares sold,someone desperate to settle their newspaper bill!!!

[chavitravi2] 31/5/2017 00:41

Tho I'm a bit tipsy after a good night out I have to say I'm a bit disappointed on opening day. Has said earlier I didn't think we would see below 7p again but here we are. Sorry but I still feel one for ten was about right and I think the present mark is unattractive and we will struggle to see true value for quite some time.
Getting sick of saying this time next year Rodders.

[topicel] 30/5/2017 21:55

And that is the key word Calm, 'equivalent'.

Hence the need to get the competent person's 2P calculation done and published with a stonkking RNS backed by a full Allenby note that screams, "look what we have"...

It may well go beyond 50-55 but only if it is verified using a standard that our market can hang a hat on for valuation purposes.

I'm sure you are nearer the final mark than me but I still like to under promise. Have we not had enough prior disappointments? Even with the new comms and attitude that lingers around UEN still outside of us better informed and, shall we say, biased PIs.

June is often flaming and should be busting out all over from Thursday, if my calendar is correct!

Topicel

[calmtrader] 30/5/2017 16:29

Topicel....from the 2016 half year results "Over the last 12 months, taking advantage of our financial position, we have transformed the Company's reserve base through licence extensions and acquisitions of further licenses, from 50 million bbl 2P to approximately 100 million bbl 2P equivalent"

[martyn9] 30/5/2017 14:02

Calm agreed,but the crucial point being allenby must start to work for their money for a change.

[topicel] 30/5/2017 12:10

Thanks djm. I had taken the Russian cmi into consideration as being not equitable as the company itself had noted with the Western reserves classification.

Hence my comment about under reporting and over achieving. Of course it won't be as drastic as I stated but surely it couldn't be our acquisitions have increased our 2P reserves to 100 either.

I'll stick with the very conservative 50+ and be happily surprised. It just needs reporting soon.

Topicel

[calmtrader] 30/5/2017 10:37

share consolidation should do two things:

1. stop large % moves in the share price on little volume

2. Make it easier for Allenby etc to market the shares to new investors

[djmoggy] 30/5/2017 10:28

Agreed Basem1 - it was the intention - but consolidation alone would never achieve that ...

[basem1] 30/5/2017 10:11

It was the boards intention for liquidity to improve. It may happen yet when things settle down.

[djmoggy] 30/5/2017 10:02

Basem1

As predicted liquidity would not improve given the fact that the percentage of shares in free float hasn't changed and the number of free shares is much less, albeit at a much higher price.

Liquidity will only improve if there is an open issue or trading volumes increase significantly (making it worthwhile for the MM to tighten spreads).

Topicel

1. See Urals presentation this is the basis for Calm's 100m+ P3 reservers. The figure you are quoting only considers the legacy assets at Petrosakh and Arcticneft but does not include resources following acquisitions at South Dagi, Arctic Oil Company purchase (At Arcticneft), Arcticneft licence area expansion, South Komi assets (BVN oil and RK Oil company purchases).

The competent persons report and current exploration drilling at Komi will hopefully enable the publishing of some of these resources as P3 resources rather then in Russian classification C&D resources.

See the presentation below for more detail.

hxxp://www.uralsenergy.com/archive/presentations/Urals_Inv_Presentation_06_03_2017.pdf?v=070317


2. Please do not confuse today's events which is simply a 20:1 share consolidation with capital restructuring (which still needs approval by the Cypriot Courts after the motion was only just filed last week).
These are two totally unrelated and independent events - the capital restructuring is solely a balance sheet restructuring to write off the accrued losses of the company against the share premium account so as to bring the accrued losses to zero in order to enable future payment of dividends.

see details in the letter to shareholders which shows these as two separate actions

hxxp://www.uralsenergy.com/content/news/archive/2017/210417.asp

NOTE this capital restructuring could have happened without the consolidation. The sole reason for consolidation was to make the share more attractive to serious/large investors who generally as a rule do not touch penny shares.

3. Publication 100m+ P3 reserves will not equate to a massive multibagging increase in shareprice (although a modest rise should happen) - you have to compare UEN to other Russian, UK quoted, companies like Exillion, Petroneft, Zoltav, Roxi all of which trade at between $0.3 - 0.5 per barrel of P3 reserve. UEN trades at around $0.21 so scope for 50-150% from current price for starters to get to a fair peer value. However increases in production and a growing company/profit will underline this - note Russian UK listed companies always trade at a significant discount to their non Russian peers. Future changes in attitude to Russian assets or changes to Russian tax laws could change this attitude meaning significant gains to anyone who invests in these named companies which all have suffered depressed share prices in recent years.

[jjn3] 30/5/2017 09:59

thanks chavi

[tone the bone1] 30/5/2017 09:21

Thought i would try the new price out .3753 @ £1.32 is mine this morning .
Viva les Spania! Off to the pool :)

[basem1] 30/5/2017 09:17

I was just wanting liquidity to improve, that's to all our benefit is it not ?

[lalria] 30/5/2017 09:08

think he wants to talk it down to buy his back. Good luck to him we all have our strategy

[calmtrader] 30/5/2017 09:01

Basem not trying to persuade us to buy so you can sell like last week!!

[basem1] 30/5/2017 08:41

Still getting the same disparity on the price. Nothing's changed here. 5000 £1.32 10000 £136.25 Same old, same old It'll be just the bloody same when you want to sell more than 5000 too.

[topicel] 30/5/2017 08:38

But wanna, you kept telling us there is heavy 'secret' buying on some such that's been going on since December mate?

Nothing has changed regarding that, has it?

Or were these buyers just the ordinary PIs liking the story and the 100% rise in oil prices after all?

Consolidation is actually a capital restructuring btw. It removes our legacy debt of the balance sheet, allowing divvies, and thereby becomes more attractive to the people with big and deep pockets to invest in the company's growth.

You can still buy £10k-worth yourself if you want, just not get so many shares. Providing the spread is tight it will trade well on news.

Seems the open was not manipulated up or down, just 1:20 and circa 132-33p so we need 5% to see 140p or 7p old money approx.

Topicel

[lalria] 30/5/2017 08:21

That graph looks amazing if only it wasn't a consolidation hahhahahaha

[wanna brew] 30/5/2017 06:53

Good luck to all. One's thing for certain, there's not a lot of free float. Can't see too many selling, unless of course mm's decide to drop for no reason and those that have stop losses set will be triggered. What we need is a bit of decent unexpected news such as an acquisition. An all paper deal, where the owners are obliged to keep the stock for 2 or so years would be ideal. Thats not asking for much is it .... lol

I am yet to be convinced regarding consolidation purely on the basis that without a decent bit of free float, trades could dry up with lack of interest on the basis you can only buy or sell a few quids worth. Even with great news, without buyers the share price will go no where. News is the catalyst and the share price is driven by buyers and sellers, so lets see.

[topicel] 29/5/2017 21:01

Martyn, my guess is 140p to open. Lol.

Topicel

[topicel] 29/5/2017 21:00

Lol Calm, but your even more biased than I am!

If they announced even 60m 2P we'd be pushing £2 a share without much trouble and without any of the other anticipated goodies from drill results to dividends that should be announced in June.

100m 2P is more than double and unless we've really struck lucky with the acquisitions I can't see that much of an increment. Under promise over deliver, which is why I kept it to a ten percent-plus rise above 50...

Let's also be having that full Allenby note and some proper share price spreads...

Topicel

[calmtrader] 29/5/2017 19:01

Topical. 100m 2P I'm going for