|20:48 17/05/2013||Re: Sheesh|
| I understand this is the riskier, less well-regulated market where things occasionally go "bang" but more often "splat". I have had a few absolute joys with likes of RKH and GKP and once you've tasted something like that you're hooked.
Today has been an interesting one in the markets. Records are toppling and there is a sense that investment is about to pick up. Risk may well become more attractive as markets stabilise and I hope that AIM will have another day at the races. By Field Marshall Lodl
| Hey Rogadar, did you say that if the sp falls below 10p it has very little chance to fall any further?? Hmm.... Hope you bought a load.. By Jay24
|15:17 16/05/2013||Re: Sheesh|
| prob foolish but bought again @ 7.7p after riding AEY from 10p to 14p on last drop, I am not sure if there is massive risk of going concern?, doesn,t look good but hopefully can mke 20%
what do people like Hub feel about the "material risk"?
would IAE et al bother with AEY @ £10mln? By spurslegend
|14:26 16/05/2013||Re: Sheesh|
| I think most PI's are coming to that conclusion about AIM.
Company directors can just say what they like and get away with it. Once people realise that what they are being told by these companies is mostly a pack of lies, why would you risk any money with them ?
The only problem is that the 1% or so ( and I'm being generous there ) that are actually well run and making money are being tarred with the same brush.
|11:35 16/05/2013||Re: Sheesh|
| Field Marshall Lodl - you've expressed the exact same thoughts/feelings I'm going through too.
I bought a bag at 33p/35p so this latest punch really sucks.
Plenty of experiences elsewhere on AIM as well, and there' s that ever deepening impression that AIM is not worth touching.
Big Chef. By big chef
| How quickly the management have managed to trash shareholder value here.
I do hope they're not still drawing their salaries ? By thehickster
| What a f***ing load of böllocks. I'll have to average down tomorrow. Surely this will pick up? What does the market want? An improvement on a loss of £55mn to £2mn. I f****** hate stocks. But I'm in now so no escaping. A peed off investor. By Field Marshall Lodl
| 30% off in one day is a complete joke, AIM is becoming a laughing stock, I know things have not been to roses in the Antrim garden of late but come on 30% is a tad of a over reaction, I expect a bounce back tommorrow.
By great bull
|13:17 15/05/2013||Re: I'm back in!|
| Good luck Constable, at that price you should be ok..............Big issue mate ?, I need the money. By green.as1953
|11:56 15/05/2013||I'm back in!|
| Not a lot in the RNS we didn't know before, they are still producing, have some ok assets, have farmed out Ireland and when water injection is running will increase production.
Only 2m shares traded today, that's retail cash (circa £200k) getting out. IMO, an over-reaction and we'll see 9-10p again soon.
Got a small bunch for 7p. I'll have a go at that. By Constable B
|11:42 15/05/2013||Re: Market Cap|
| the $5mln drilling contractor claim is a joke. I'd ignore that one straight off. Fionn is not a major issue and as for typhoon - that's in 2014 and I suspect they'll have a greater understanding over oil cash flow and when water injection /boosts to recovery kicks in as per RNS.
Potential upside catalyst remains Ireland and any strike on Dunquin will have the interest on their assets in demand.
You never know - they might flog a wedge to Kosmos and lower their interest in the future.
I'm certainly not bullish on the stock but don't see the company failing near term and believe there is plenty of hope still there.
Fingers crossed for Dunquin success in coming weeks / months as that could be the real booster for AEY near term. That and a sale of the biz!
I can't see the largest shareholder allowing the biz to go down the pan when the cash flow is there to make it a profitably biz.
And lets face it - they did offer the SEDA but the board turned it down.
HUB By Hub
|11:34 15/05/2013||Re: RNS Results|
| does beg the question why management thought is was better to take the oil swap than the SEDA from the largest shareholder?
Perhaps between them they agreed a two phase plan - one sort the going concern issue by gaining the swap deal and then two: agree a equity placement with the largest shareholder so they can 'average down'!
One would think the largest shareholder would be carrying the weight here.
That said - $480k simply for breaking the provisional agreement seems a tad foolish.
Sack the board and find a buyer is my view. The companies value is double today's price even in a firesale imho.
HUB By Hub
|11:29 15/05/2013||Re: Market Cap|
| Hub I can't see anyone buying AEY in its current state. There's too much baggage here at the moment. There's the $5 million claim from the drilling contractor to resolve, a dispute over Fionn costs plus a $6.2 million drilling commitment for Typhoon prospect in 2014.
I think a Lochard type of action is needed whereby all the carp is cleared out and just the bare bones of the production and tax losses remain and at that point a sale might be possible. If Lochard can't find a buyer then I don't think Antrim has much hope...
kmj By killermanjarrow
|11:24 15/05/2013||Re: RNS Results|
| 25p per share would be quite an achievement. The company looks a real mess, with most of this year's production already mortgaged, and unquantifiable liabilities/running costs against nearly all their interests. I've rarely seen a management statement so downcasting about the viability of a company: an auditor's assessment would be unprintable I should think. By reitman
|11:15 15/05/2013||Re: Market Cap|
| Barely £300k traded and 30% knocked off the market cap.
Someone's havin a laugh!
In terms of the company value - 3mmboe appears to be the base reserve figure.
Even if a buyer paid $15pb then that's around 3 x current market cap. There's upside potential in East Cormorant but not likely to be bolstered until 2014.
AEY is certainly not an attractive stock based on its assets going forward but based on the sp and a value of £15mln - someone like TAQA stands to gain more buying them than continuing with the current partner interest deal imho.
Worth adding at this level? Depends on whether you feel someone's gonna buy them.
They could hook up with the likes of Parkmead or Trap oil etc but my preferred buyer would be Ithaca as they recently completed the Valiant takeover deal and have mutual interests.
HUB By Hub