forwardloop
17 Nov 2015
info [link] Energy (LON:AEY, CVE:AEY) estimates it will have just shy of US$10mln of cash after clearing the decks of its North Sea business.On AIM, Antrim shares were up 5.5% trading at 1.43p each, and at that level the market valuation is just £2.63mln.
LoadsaDosh2
17 Nov 2015
Antrim is 'pleased' ! Joke 'pleased' to announce that assets have been trashed to 7 cents a share from about 150 cents a few years ago. Well done chaps we are happy to have been shareholders. F****** egiots.
dicko80
09 Oct 2015
trading has picked up last few days
Hub
27 Aug 2015
Re: Current valuation. barno,firstly - note the difference between dollars a pound. secondly note the cash burn due to decommissioning.when all is done - they should have around 5 to 6mln in cash plus an interest in skelleg well / if when that happens2p is cheap - 3p looks ok for time being but buyers market so they should be able to do something with a small interest that suits their tax credit shell. something like serica's deal from a year ago or so.HUB
barno99
27 Aug 2015
Current valuation. I have just checked on Bloomberg the current valuation of the company at the current share price.£3.2 million was the given valuation on their..With £13 million in the bank it does seem odd that the valuation is so small.It doesn't even take into consideration any of the company assets?Am I missing something?
barno99
27 Aug 2015
Re: trading I think with the positive cash in the bank and the management making firm decisions for cost saving the price should get a lot better.I am happy with the results and bought shares today and also have them is my sipp.
Strong buy for now and oversold for me..
dicko80
30 Jun 2015
trading likely to be sideways for the short term...come on AEY ....Give us a clue
Hub
23 Jun 2015
Re: Decomm costs £1.8mln I would be first to hammer into the bod's as their performance over the last couple of years has been woeful.But... Management have delivered a good result for the business by getting decomm costs down to £1.8mln net to business.That said... costs will only be fully known once the plugging has been completed and signed off by DECC.Cash is king in this market and if management don't find a way to make that £7mln work this year, then it's about time they wrapped the business up and returned the cash to shareholders.To take advantage of the tax credits - there are plenty of companies that could seek a smart reverse takeover/merger which sees the credits realised.Getting around the DECC's tax rules can save companies millions but it's not easy to do as DECC have closed the door on many of the older past regs on this.HUB
thehickster
22 Jun 2015
Re: Decomm costs £1.8mln What's to stop them burning through that cash in no time at all though ? I'm sure they can find something to waste it on.
Hub
22 Jun 2015
Decomm costs £1.8mln Wow - that's pretty cheap indeed to plug the wells and rid them of this black cloud.Sp at 2p represents circa £3.5mln market cap.Post decomm works, cash balance should be £7mln.Throw in Skelig opportunity targeting 1bln barrels+ and if/when that gets a drill date, Antrim should be getting back to to double digits. Might be a year away or like Lansdowne Oil's rns this am - things could get drilled alot faster than many think.That aside - Antrim has plenty of opportunities out there in this beaten up market to make £7mln work.On cash alone - the sp should be nearer 4p.HUB
thehickster
30 Apr 2015
About time That the BOD awarded themselves a big payrise I reckon.... The money in the bank really needs to be spent so that there's nothing left for shareholders.....Come on guys what are you waiting for ?To destroy this much shareholder value in such a short space of time is pretty impressive and worthy of good renumeration.Bravo !
green.as1953
10 Apr 2015
Re: New Corporate Presentation And the extremely dim management are still drawing salaries.
Zwaxxob
05 Feb 2015
New Corporate Presentation The new corporate presentation is worth a read - [link] really new in there as far as I can tell, but a good summary. They say they are looking to "Evaluate new opportunities for transformative upside potential." Current Market Cap is well below cash so worth holding on IMO. ($15m working capital and no debt)
Sean56
29 Jan 2015
Re: Sound withdraws offer Just thought I'd take a look to see if this dog is still alive - sadly I'm heavily invested here. Small positive - looks like one parasite left recently
rollthediceagain
13 Jan 2015
Re: Sound withdraws offer SOU shares aren't the ones falling on the news though Hub, AEY down 21% (1.75-2.00) as their meal ticket walks out the door. SOU holders are probably relieved as this seemed an odd distraction to their strategy. £8m is peanuts especially once directors exit awards had been deducted.
