Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

San Leon Energy; Serious Due Diligence Now Completed

By Andre Brand

1 June 2015 05:16

More:

Martin Hughes is no mug, you don’t get the nickname “The Rottweiler” for nothing. The head of the US $7 billion Tosca fund doesn’t suffer fools gladly, he has just put £16 million of Tosca’s money into San Leon Energy as part of today’s £29 million Placing. In addition to its current shareholding of approximately 22% in San Leon, this investment would take Tosca's total shareholding after the Placing to approximately 41.5%.

Already a member? Sign in

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter

Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

wildrides

1 June 2015, 06:43

Still a piece of shite ………… with massive consolidation to come . It will end in tears for those in now or shortly after .
alcira16247

1 June 2015, 11:11

Andre

I wonder how many mug punters got drawn into Quindell Plc after the positive publicity given to the huge investment made by Mr Tom Dobells M&G Recovery Fund?

Lets all hope for the sake of the Tosca investors that Mr Hughes idea of performing due diligence is somewhat more thorough than that of the now disastrously badly performing M&G Recovery Fund!
J P Spaghetti

2 June 2015, 02:46

And Blinkx? I’ve commented elsewhere that we all know what happened to Tosca…!
Craig

7 December 2015, 09:24

He is a mug. Look at today’s share price. Not seen such a relentless drop for a while.