Market's view on Bowleven
Published on April 2024
- BLVN has sufficient cash to last until mid-2025.
- A significant trading volume of 14 million shares noted, sparking speculations on the investor involved.
- Concerns about the local government’s lack of interest in a small-cap company like BLVN.
- Positive movements in Brent and US crude prices could drive oil prices above $100.
- The high spread on BLVN shares is seen as a deterrent for trading.
- Anticipation of rising oil prices due to global tensions.
- Comparisons made between BLVN and UPL, suggesting potential growth for BLVN similar to UPL’s rise from 0.15p to above 4p.
- BLVN’s Etinde project could become the third operational gas field in Cameroon, boosting its prospects.
- Softbank holds a dominant 90% stake in ARM, influencing market dynamics.
- A major entity now holds 58% of BLVN.
- Equity injections in the past two years were unattractive to many, but Crown stepped up fairly through an open offer.
- Concerns about cash being returned to shareholders potentially leading to a takeover.
- Criticism of the AIM market as being unfavourable for creating shareholder value, with companies focusing on frequent placements.
- Questions raised regarding voting dynamics at the AGM, with a significant portion of votes against all resolutions.
- Discussions on the positive outlook from all partners wanting to move the company forward despite challenges.
- Speculations on tightly held shares and voting outcomes at the AGM, with potential influences from major shareholders and private investors.