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EXCLUSIVE: Aura Energy #Aura to IPO Swedish Vanadium prospect


Infinis Energy Share Chat (INFI)



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Share Discussion for Infinis Energy


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rogerw09
Posts: 1
Opinion:No Opinion
Price:183.00
Infinis Energy
20 Nov '15
In the recently announced half year results, Infinis' CEO noted that the company had put in a "resilient performance".
It seems only commonsense that Monterey / Terra Firma must believe that they will in due course turn in a profit when they buy in the shares at the £1.85 we are being offered.

The takeover is being made via a scheme of arrangement, so to receive the Court's approval, Monterey has to secure at least:

1. A majority in number of the shareholders present and voting in person or by proxy at the Court meeting
and
2. not less than 75% in value of the shares voted.

The Court meeting is being held on 4th December, and votes have to be received by no later than 2nd December, so time is of the essence.

It may, therefore, be possible to prevent the takeover if enough private shareholders take the trouble to vote against the resolutions. I have done just this. I found the process quite straightforward, even though my shares are held in a nominee account. I think with schemes of arrangement, the acquirers often rely on investor apathy to secure their aims.
 
Opium
Posts: 5,208
Opinion:No Opinion
Price:183.00
RE: So looks like TF and cohorts may
16 Nov '15
Up & down like the proverbial, but much better choice than TSCO, LOL.
haggishunter
Posts: 3
Opinion:No Opinion
Price:183.50
Buy Back Process
23 Oct '15
Like Anth63, I was happy to hold these. My shares are held through a 3rd party. How does the buy back process work?
NA100
Posts: 47
Opinion:No Opinion
Price:183.50
Congratulations !!
23 Oct '15
If you are lucky enough to have exited from this without losing money or having made some take the money and run.

I lost 10 k earlier on in the year when the SP was driven down the day before XD despite there being 6 times more buys than sales. I sold after watching a 35 k investment reduced to 23 in 1 day but got a 2 k dividend, wahoo !!

This is the last time I will ever invest in shares as the smaller sahareholder clearly has no control when market makers and w*nkers are manipulating the market for there own financial gain at the expense of the shareholders.

All newcomers beware !!
faramog
Posts: 2,141
Opinion:Sell
Price:183.50
bow out
23 Oct '15
Taking the small loss (after divs 240 quid).. made half of that back on the first trade.. learning curve for sure on this stock .. I suspect the company is going places - liked the financials. Fenewables subsidy was a removal of a cherry off the icing... fundamentals very good long term) - no wonder the VC's want it

SP wont move from 183.5 until either 185 is paid or it all collapses..

Good luck all
stevenmerrett
Posts: 307
Opinion:No Opinion
Price:183.50
RE: Is it any wonder that they get away
23 Oct '15
interesting, thanks for pointing that out - but the price is at 1.30 well below the 185.
the takeover panel is on 0207 382 9026 - they are a friendly bunch and clear up any questions/queries you may have
give them a call
Anth63
Posts: 204
Opinion:No Opinion
Price:183.75
So
22 Oct '15
What happens, I don't really want to sell, do they get taken of me.
Fatlad
Posts: 715
Opinion:No Opinion
Price:183.75
Is it any wonder that they get away
22 Oct '15
with seeming manipulation etc. steven's very nice man does not seem to do very much in the way of diligence. Have a look through most days RNS and see how many shares TF have dealt in just the past few months never mind over the year. ( via Deutsch Bank)
Even yesterday!!!!!!
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=INFI&ArticleCode=g76jxt63&ArticleHeadline=Form_85_EPTRI_infinis_Energy_Plc
stevenmerrett
Posts: 307
Opinion:No Opinion
Price:183.75
Takeover Panel Update
22 Oct '15
I have just spoken to a very nice man at the Takeover panel in London, and he informs me :
The reason TF can offer 185 is because Monterey Capital or TF or any other company associated with TF haven't acquired any shares in INFI in the last 12 month period and therefore are able to offer any price they wish for the shares.
The board still need to vote and the Monopoly comm and all the other regs etc etc need to approve it but this is why they can offer 185.
Fatlad
Posts: 715
Opinion:No Opinion
Price:184.00
'Stinks to high heavon' literally
22 Oct '15
Another unusual thing is, This morning Investec, pulls down its estimation for Infinid from 250p to 185p. Usually when this happens the mms pull down the SP 20-30 % below of the newer value. This morning the mm's upped the SP to 185p. Where is the FSA in all this? They appear to want our shares desperately, wonder why the manipulation.
reeeow
Posts: 1
Opinion:No Opinion
Price:184.00
Takeover!!
22 Oct '15
I think I will just hold on to mine a little bit longer. I'm new to trading but have used this site for a while now and its a very good source of information.
stevenmerrett
Posts: 307
Opinion:No Opinion
Price:183.75
RE: RE:Takeover rules
22 Oct '15
well there are 2 possibilities here
the way i read it is :
If TF owned 10% before they made a takeover then they have to offer upto the maximum they paid for any share in a 12 month period prior
If TF owned 30% then they have to pay the maximum price in that 12month period - HL website says year high is 235

Ir anyone else has any financial knowledge on the matter please let us know
Fatlad
Posts: 715
Opinion:No Opinion
Price:183.25
RE:Takeover rules
22 Oct '15
Thanks stevenmerrett, Bearing in mind the amount of the company TF own, then should their bid for the rest of Infiness shares not be accepted below 230p, (Infi SP on Nov 18 2014 according to Google records). Or does it mean that TF has been given very generous discounts on their purchases?). (I Repeat what I said about the FSA in previous post), what will they do about this, (what would be, IMO, a blatant abuse of the rules by all those concerned). Not forgetting for one moment all the hype & doom spurted out in the seemingly manipulation of infinis share price.
Fatlad
Posts: 715
Opinion:No Opinion
Price:183.50
Re:'but never when it goes up'
22 Oct '15
Have you not noticed the SP today then?
lummox
Posts: 541
Opinion:Hold
Price:183.50
RE: So looks like TF and cohorts may
22 Oct '15
Not sure about all the moaning. Anybody - and some ' small ' investors did !! - could have bought these shares at much lower levels as they went down ! Whether supressed or not . Those buyers will probably be VERY HAPPY to get out at a big profit at 185p after only a few months. It always amazes me how people only call ' foul ' and ' Market manipulation ' when a share goes goes down, but never when it goes up !

Don't get me wrong I've lost a little on INFINIS and was keeping for a good divi payer but with stocks and shares, thats how it goes !!
stevenmerrett
Posts: 307
Opinion:No Opinion
Price:183.25
Takeover rules
22 Oct '15
Read here
http://www.thetakeoverpanel.org.uk/the-code/download-code

The main ones..
When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).

When interests in shares carrying 10% or more of the voting rights of a class have been acquired by an offeror (i.e. a bidder) in the offer period and the previous 12 months, the offer must include a cash alternative for all shareholders of that class at the highest price paid by the offeror in that period. Further, if an offeror acquires for cash any interest in shares during the offer period, a cash alternative must be made available at that price at least.

If the offeror acquires an interest in shares in an offeree company (i.e. a target) at a price higher than the value of the offer, the offer must be increased accordingly.
Fatlad
Posts: 715
Opinion:No Opinion
Price:183.25
So looks like TF and cohorts may
22 Oct '15
have been manipulating INFI for their own purposes in the knowledge that they will bid to buy Infiness out at a much lower price than what many SH bought for, (some bought at 269p or so). What's happened since July 8 now appears to be the massive scam what some have been claiming from that outset. Those events started rapidly during the afternoon day prior to xDiv qualifying date,when six times as many were buying than selling and other were expecting the price to reflect that enticing dividend, (especially as to what happened on July 8 had been expected for months before. Don't see why that is acceptable just because Infinis is not regarded as a 'big company'. If the FSA do not take notice and thoroughly investigate this and similar events on other shares, then it is worrying that they will look as if they approve of the scams being hoisted onto PI's in this share and others, on now what has become a regular event. The Market and the Regulators have a duty to foresee unfairness and take action to stamp it out. Otherwise do they exist just to allow SP's to be scammed out of their money ?
MrMath
Posts: 419
Opinion:No Opinion
Price:183.25
RE: Dividend
22 Oct '15
Forget that question. Just realised my purchase missed the ex-div date :-(
MrMath
Posts: 419
Opinion:No Opinion
Price:183.25
Dividend
22 Oct '15
Anyone know when the dividend of 12.20p, supposedly due 07Aug15, will be paid?
faramog
Posts: 2,141
Opinion:No Opinion
Price:183.25
RE: crap-shoot !
22 Oct '15
no .. its not OK.. but there is nothing illegal about selling a large stake and then buying back in .. lots of companies do it.. The difference is that Infinis is not a large enough or traded enough company to raise alarm bells ... and proving malign intent would be difficult as its pretty much what hedge funds do.

Whats not to like on their position - they drip down the shares (make a pile of cash) and buy back in overall lower. Even without the subsidies Infinis is a growing highly cash rich company offering a solid return.

So all those directors with large holding at average prices over 230 ... oh dear !
faramog
Posts: 2,141
Opinion:No Opinion
Price:183.25
dont sell
22 Oct '15
No Anth63 .. dont sell.. the deal is a total consideration of 185p... so when the deal goes through thats what you get (no deal charges I think).. if you sell you get 183.25 (and pay dealing charges) ... so a small margin. If you need the money quickly then sell and loose another 0.8%
fulmar29
Posts: 1,496
Opinion:No Opinion
Price:183.25
Report Market Abuse
22 Oct '15
tel 0207 066 4900
Anth63
Posts: 204
Opinion:No Opinion
Price:183.50
Do
22 Oct '15
We have to sell
fulmar29
Posts: 1,496
Opinion:No Opinion
Price:183.50
RE: crap-shoot !
22 Oct '15
So it's OK to float a company,force the price down and then buy it back again ?that's no game of chance is it?the company was originally sold as a good long term investment promising high dividends for the long term holder and that was a lie because they have now through their own manipulation pulled the plug and taken investors money.Had an unrelated company bought it,that would be a crap shoot.This is intentional and possibly illegal.We shall see
faramog
Posts: 2,141
Opinion:No Opinion
Price:183.50
crap-shoot !
22 Oct '15
http://www.morningstar.co.uk/uk/news/AN_1445498613190430300/infinis-recommends-gbp555-million-takeover-bid-from-terra-firma.aspx

Nothing illegal about it I am sure ... its part of investment risk (now if only I had bought more at the bottom). Overall I loose 4%... but on the plus side I was sitting yesterday on a stock I needed to keep for 3+ years to more or less break even

I particularly like the phrase "We believe that this transaction offers Infinis' shareholders an attractive cash consideration" .. err not for me ... offer 195 and we can call it a deal !




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