Reabold Resources

RBD: 0.68 0.03 (▲3.70%)

Delayed:2018-02-16 16:57:08
Bid Price 0.65 High Price 0.73
Ask Price 0.75 Low Price 0.65
Open Price 0.69 Spread 14.29%
Prev Close 0.70 Volume 7,242,103.00

Reabold Resources Share Price Chart


Historic - 1 year

Reabold Resources Share Price Information

Name Reabold Resources Epic RBD
Sector Media ISIN GB00B95L0551
Activites Reabold Resources plc (formerly Adventis Group plc) is an investor in upstream oil & gas projects with an aim to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment. Reabold's long term strategy is to re-invest capital made through its investments into larger projects in order to grow the Company. Reabold aims to gain exposure to assets with limited downside and high potential upside, capitalising on the value created between the entry stage and exit point of its projects. The Company invests in projects that have limited correlation to the oil price. Security Type Equity

Key numbers

Latest Share Price (p) 0.70 Net Gearing (%) -56.93
Market Cap (£m) 10.48 Gross Gearing (%) 5.92
Shares in issue (m) 1,540.42 Debt Ratio 0.00
P/E Ratio -17.00 Debt-to-Equity Ratio 0.00
Divs per share (p) 0.00 Assets / Equity Ratio 1.06
Dividend Yield (%) 0.00 Price to book value 20.55
Dividend Cover 0.00 SROCE (%) -23.53
Earning per share (p) -0.04 EPS Growth (%) 0.00
52-week high / low (p) 1.13 / 0.33 DPS Growth (%)

Reabold Resources Broker Views

Date Broker Rec. Price Old target price New target price Notes

Reabold Resources Director Deals

Reabold Resources Company News

Reabold welcomes United Oil farm-in investment

Reabold Resources has welcomed an announcement by United Oil and Gas that it has farmed into three licences operated by Corallian Energy.

Reabold has an agreement to acquire a 35.4% stake in Corallian Energy.

"We are delighted that since our investment into Corallian Energy less than three months ago, we have seen two subsequent transactions on Corallian's assets that provide both industry validation as to the quality of the assets, and positive valuation markers relative to our investment price," co-chief executives Stephen Williams and Sachin Oza said.

At 1:28pm: (LON:RBD) Reabold Resources Plc share price was +0.03p at 0.78p

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Reabold Resources invests in Romania

Reabold Resources said it has bought a 29% interest in Danube Petroleum, a subsidiary of Australian-listed ADX Energy, for £1.5m.

Danube is a newly-formed UK private oil and gas company, which upon completion of the transaction, will hold a 50% interest in the Parta licence onshore Romania.

"The investment into the Parta licence gives Reabold a foothold into the prolific eastern European onshore oil and gas space, giving the company the opportunity to consolidate other licences in the area," co-chief executive Stephen Williams said.

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Reabold buys Carollian stake

Reabold Resources has agreed to invest £1.5m in Corallian Energy, a private UK oil and gas appraisal and exploration company.

Corallian has a portfolio of UK oil & gas licences, including the Colter appraisal project.

The investment will give Reabold a 35.4% interest in the company, with the right to appoint a director to the board.

At 8:26am: (LON:RBD) Reabold Resources Plc share price was +0.03p at 0.93p

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All resolutions passed at GM of Reabold

Reabold Resources has confirmed that all resolutions were passed by shareholders at today's General Meeting.

As a result, the directors are now authorised to allot shares up to an aggregate nominal amount of £1,000,000 on a non pre-emptive basis.

At 1:08pm: (LON:RBD) Reabold Resources Plc share price was +0.03p at 1p

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Reabold Resources appoints new co-CEOs

Reabold Resources has appointed Stephen Williams and Sachin Oza as Co-Chief Executive Officers, with immediate effect.

The pair have worked in the energy sector for 14 and 15 years, respectively, and both worked as investment analysts with M&G investments.

At 8:34am: (LON:RBD) Reabold Resources Plc share price was +0.05p at 0.75p

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