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Block Energy P. Share Chat (BLOE)



Share Price: 10.20Bid: 10.10Ask: 10.30Change: -0.30 (-2.86%)Faller - Block Energy P.
Spread: 0.20Spread as %: 1.98%Open: 10.50High: 10.50Low: 10.10Yesterday’s Close: 10.50


Share Discussion for Block Energy P.




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Clumpet
Posts: 4,435
Premium Chat Member
Opinion:No Opinion
Price:13.90
RE: Massive Rerate
23 May '19
patience will be rewarded, iam hanging my had here for a few years for sure, very exciting, GLA
 
Gizzard
Posts: 1,863
Premium Chat Member
Opinion:Strong Buy
Price:13.50
RE: Massive Rerate
23 May '19
PPC have made a first profit of $8.7m in 10 years their mcap is £101M surely we should be at this level now given the pay back situations here.
bigbench
Posts: 10,535
Opinion:No Opinion
Price:13.50
RE: Massive Rerate
23 May '19
I agree top loader...within say 2yrs from now we could be @ £2 if we have the same success.... But that's in 2yrs... 70p right now would be considered a cheeky offer by some.... But a cut your arm off offer by many I'm sure.
Gizzard
Posts: 1,863
Premium Chat Member
Opinion:Strong Buy
Price:13.50
RE: Massive Rerate
23 May '19
Gasprom maybe interested - who knows what offers might come our way. Certainly wouldn’t rule anything out in the future. 70p for starters would be nice.
Toploader
Posts: 61
Opinion:No Opinion
Price:13.65
RE: Massive Rerate
23 May '19
Bigbench,

70p is tempting for sure, although I believe it would truly undervalue the future potential we have here. The gas alone is worth an SP of upwards £1 (even after the latest shares are issued).

Just my opinion :-)
bigbench
Posts: 10,535
Opinion:No Opinion
Price:13.65
RE: Massive Rerate
23 May '19
Aahhhh Dana Pet... I remembered it well...mate of mine made a small fortune compared to me but still a joy to see.

If there is a major looking at what we are doing there is no stopping an uninvited offer...if they think the potential here is worth a closer look and the company is still in fairly early stages like us who's to say a tempting offer won't land on PH's desk? If we have more success in the next few months...massively revised reserves....mind blowing CPR...why would a major want us???
As Shrewd as PH comes across every man has their price...... How many here would turn down say 70p right now?
Thumbsupuk
Posts: 29
Opinion:No Opinion
Price:13.65
RE: Massive Rerate
23 May '19
Before any of the big boys put in an offer for Block, they would want to see at least 2 good strong accounting years. What is exciting is the first one comes up this year. I can't wait to see that!

Loads more upside to go yet:)

GLA
Skysthelimit89
Posts: 215
Premium Chat Member
Opinion:No Opinion
Price:13.65
RE: Massive Rerate
23 May '19
chance would be a fine thing!
mytton
Posts: 978
Opinion:No Opinion
Price:13.65
RE: Massive Rerate
23 May '19
Dana, Emerald Energy, Celltech - good times.
quercusrobor
Posts: 73
Opinion:No Opinion
Price:13.65
RE: Massive Rerate
23 May '19
https://www.telegraph.co.uk/finance/financetopics/profiles/8113069/Dana-Petroleum-chief-Tom-Cross-reflects-on-the-deal-of-the-decade.html
The CEO of Dana Petroleum, Tom Cross, made more than £50m when his company was sold to KNOC. In his first interview he tells Andrew Cave about the deal of the decade.
Tom Cross

By Andrew Cave

8:00AM GMT 07 Nov 2010

Tom Cross received a phone call he’ll never forget six weeks ago. It came after the announcement that he was selling Dana Petroleum, the oil company he founded 16 years ago, for £1.87bn.

“It was from a disabled pensioner in Ireland who was calling to say thank you,” he recalls. “She said: 'Dana has transformed my life’.

“She invested £400 in 1995 and was getting a cheque for £720,000. She was able to move to a new bungalow with wheelchair access and to go to Australia to see her grandchild for the first time.

“There are a lot of people whose lives you have completely changed,’ she told me. That really captured it for me. It really showed me what this means.”

“This” is the takeover by Korea National Oil Corporation (KNOC), which Dana chief executive Cross, 49, had been battling against vehemently since a £17-a-share approach arrived in June.
Related Articles

KNOC now controls 64pc of Dana 24 Sep 2010

KNOC gets nod from regulators on Dana 15 Sep 2010

Koreans say Dana offer 'full and final' 09 Sep 2010

Dana rejects 'inadequate' KNOC bid 09 Sep 2010

Sorry Dana, this bid looks a KNOC-out 28 Aug 2010

Koreans in £1.87bn hostile bid for UK oil explorer Dana 20 Aug 2010

With Cross refusing to open Dana’s books to the bidder or engage in exclusive talks, KNOC reluctantly lodged the first hostile bid from a state-owned national oil company in August at £18 a share – a 59pc premium to the pre-approach price.

The bid had the backing of 48pc of Dana’s investors but Cross still held out for a higher price. With the City seeing the bid as a foregone conclusion, he was criticised for adopting a “obstreperous” and “cantankerous” attitude and The Daily Telegraph’s Business Editor, Alistair Osborne, wrote that Cross was either “laughably out of touch with his shareholders or a total genius”.

Cross eventually conceded defeat when KNOC secured control of 64pc of the shares in September and the takeover has now been completed.

But in his first ever interview with a UK national newspaper, he insists that his obstinacy was simply a negotiating strategy.

“I’ve been in the oil business for 28 years,” he says. “Everybody who knows me knows I am anything but cantankerous. I am very balanced but my job was to sell the business, not to be nice to everybody.

“It’s a negotiation. You never accept the first price put on the table in any walk of life. My job was to get the best value for my 6,500 shareholders, not to roll over and say, 'tickle my tummy’.”

He certainly seems to know how to negotiate and is reaping a personal reward as he held 3m sh
bigbench
Posts: 10,535
Opinion:No Opinion
Price:13.65
RE: Massive Rerate
22 May '19
Dana pet was a great example it just went through the roof....a few times!!
little_earn
Posts: 80
Opinion:No Opinion
Price:13.65
RE: Massive Rerate
22 May '19
Encore Oil and Nautical Petroleum. Both North Sea but did the business
NigelHaemoglobin
Posts: 217
Opinion:No Opinion
Price:13.65
Massive Rerate
22 May '19
Quick Q, anyone have any examples of massive rerates in AIM E and P over the last say eight years? excluding Serica, Cove etc. Not HUR FFS, not exactly a rerate. Please do not offer baseless SP increases but massive rerates due to fundamental performance.

Not Rkh, Des, Gkp, Jog, Rmp etc etc etc but companies which achieved goals and maintained value up to take out or long term strength and promotion to the main market.




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