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Pageant takes Providence punt | The Sunday Times
Gavin McLoughlin Twitter Email. Documents filed to the Irish Stock Exchange reveal Furlong's company holds a 4. In Dublin, Providence shares leapt around 20pc to 20c each. The source said Pageant thinks that if Providence can find someone to write a cheque for another round of drilling at its flagship asset - the Barryroe field off the Cork coast - and that drilling is successful, Providence could be worth twenty to thirty times its current market capitalisation. Providence is trading at around 5c a barrel which is unheard of. There's a good reason why the stock is trading down here, it's got this debt piece that needs to be refinanced in May next year. Pageant's view is that that will get refinanced," the source said.
URI student Kelsey Swanson crowned Miss Rhode Island USA 2017
The company increased its stake in Providence from 3. Pageant specialises in investing in companies whose share prices have fallen steeply. Providence is in talks with its debt provider Melody, a US fund, about extending the maturity of its loans. Get The International Pack for free for your first 30 days for unlimited Smartphone and Tablet access.
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