Results

Echo Energy: How insiders made over £3 million in less than a month – shocking non-disclosure

Published 8 days ago

My last piece on Echo Energy (ECHO) looked at how connected party Greenberry was making a fortune out of the ramp and also looked at rather odd TR-1s. Well history is repeating itself and, as always expected, yesterday’s TR-1 shows how the other connected “institutional investor” here, Pegasus, has also made a very quick buck - not that it told anyone when it was doing so!

Echo Energy: The “Cornerstone Investor” leaving so soon – surely not?

Published 56 days ago

My second piece on insiders cashing in and odd TR-1’s is, very predictably, looking at Echo Energy and, in particular, the two late RNS’s on Friday afternoon which show that the “Cornerstone Investor”, Greenberry plc, is offloading shares and warrants all over the shop and appears to be almost giving them away too – what a charitable sort! Let’s take a look.

Echo Energy - death spiral finance in disguise? A good short at 16p

Published 71 days ago

As a rule of thumb, when a company has a name change and a share consolidation it is not good news for the share price. Short term, the shares of AIM listed oil play Echo Energy (ECHO), formerly known as Independent Resources, have been an exception to that rule.

Echo Energy – And so it starts: the abuse of the Block Admission rule – it must be stopped

Published 79 days ago

It’s not often that I comment on an RNS entitled Total Voting Rights, but I had been waiting for yesterday’s RNS from Echo Energy (ECHO). In my view, there has been an abuse of AIM rules, or, at the very least, the spirit of the rules, and I believe Echo has just one simple aim, namely to keep the average PI in the dark for as long as possible to enable certain parties to cash in big. Please allow me to explain.

Echo Energy – Insane valuation; James Parsons is not worth £100m, he’s not a magician: SELL

Published 87 days ago

My last piece rather naively thought that Echo Energy’s (ECHO) new institutional equity investor, Spartan Fund, or Pegasus Fund as it became, would want to put its funds in at a fair valuation and thought the share price would go down. I was wrong and must assume that it is all part of the connected group of institutions and individuals here that have led to an insane valuation that appears to indicate that the mere mention of James Parsons is worth £100 million. That is nonsense and this is a massive sell.

Echo Energy – Bizarre funding arrangement, share price must drop, mustn’t it?

Published 120 days ago

I’ve been scratching my head over the funding plans announced by the newly re-named Echo Energy (ECHO) earlier this week as there is an unusual aspect to it and can’t believe that the share price won’t drop in the short term as a result. Let me explain.

Sound Energy looks terrible value at this price

Published 391 days ago

Sound Energy (SOU) has been one of the best performing small oil companies this year in terms of its share price, but when you take a closer look it is hard to see how it justifies anywhere remotely close to its current valuation.

Sound Energy - The Truth is this (junk) Bond issue is a disaster: Sell!

Published 466 days ago

Sound Energy (SOU) has today boasted that it has signed heads of terms for Euro 28.8 million of new bonds with a coupon of just 5%. Sound fantastic. Except that if you dig into the detail you will see that, in fact, Sound could get away bonds only at junk pricing with a related party. That tells you that its shares are a stonking sell.

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