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San Leon Share Chat (SLE)



Share Price: 34.4146Bid: 34.75Ask: 35.00Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.25Spread as %: 0.72%Open: 34.4146High: 0.00Low: 0.00Yesterday’s Close: 34.4146


Share Discussion for San Leon


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GPback
Posts: 4,003
Off Topic
Opinion:No Opinion
Price:34.4146
RE: Tosca need 57p
3 Aug '17
Well happy. Guaranteed profits.
 
Brotherseven
Posts: 668
Off Topic
Opinion:No Opinion
Price:34.4146
Nigeria's
3 Aug '17
Missing billions turns up in familiar places.lol
honestsid
Posts: 1,738
Question
Opinion:No Opinion
Price:34.4146
Tosca need 57p
3 Aug '17
which GPback and DanBrown83 should be well happy with.

How about you billfrombristol?
honestsid
Posts: 1,738
Observation
Opinion:No Opinion
Price:34.4146
RE: 115p
3 Aug '17
"it should have read 56p and not 86p" Richi

Richi, you should have gone to specsavers.
DojiStar
Posts: 146
Off Topic
Opinion:No Opinion
Price:34.4146
RE: 115p
2 Aug '17
I think it would be very difficult to work out their average over the years they've been involved here, but you have to remember they are in from the Aurelian takeover days. Can't remember the year, however it must be 5 or 6 years ago. So that small amount of shares did cost quite a lot. Maybe north of 2000p? (just a guess). Of course the big placing at 45p made their average a lot lower, but I can't see it being under 60p if your including all of their share purchases over the years.
RichinMinerals
Posts: 277
Off Topic
Opinion:No Opinion
Price:34.4146
RE: 115p
2 Aug '17
sorry Driveat15, it should have read 56p and not 86p, however after having just done another rough calc I believe it to be around 63p.

Either way, Tosca is in this to make a decent return and not just a few of percent, especially after throwing so much money at this for so long. He made it quite clear after the first approach that he may be inclined to accept something in between 100p and 130p.

Regards

Richi
driveat15
Posts: 76
Observation
Opinion:No Opinion
Price:34.4146
RE: 115p
2 Aug '17
Hi Rich,

Just curious where you get an average of 86p for Tosca's shareholding from?
Earlier in the year when Tosca were buying keenly I tried to estimate their average and I came out at 50p ish.

pre July 2015 they had 5,632,605 shares, I don't know how much they cost.

July 2015 they added 20,000,000 at 80p in a placing (cost = £16m)
They sold around 1 million over the next few months until
Sep 2016 they added 216,563,634 at 45p in another placing (cost = £97,453,635)
over the next few months they added 6,905,768 more shares (I'm assuming an average of 50p per share for those looking at the sp over that period)
After the "possible offer" RNS in December they then had to declare every single trade under takeover rules.
Between Dec 2016 and Apr 2017 they added a further 20,797,646 shares for a cost of £11,265,730 (an average of 54.2p per share for this chunk).

Tosca's total holding is 267,845,695 shares.

Assuming the original (pre July 2015) shares cost an average of £1 each then the total cost would be £133,804,854
giving an average cost per share of 50p

even if the original shares had a cost of £5 per share then the average would still only be 58p per share.

Don't forget Tosca also hold 10m options at 25p per share.

Struggling to see where you get 86p average from when 216m out of 267m were bought at 45p?
DojiStar
Posts: 146
Off Topic
Opinion:No Opinion
Price:34.4146
RE: Offer within next 12 days
2 Aug '17
Wouldn't that be great, but it's not going to be that straight forward is it. I'd be amazed if China Great simply made a decent offer in the 45 day time frame and that was it. Nothing is ever that easy with these things. They will at least take a bit longer than deadline, just to annoy investors a little more. It wouldn't feel right if they didn't!
honestsid
Posts: 1,738
Off Topic
Opinion:No Opinion
Price:34.4146
RE: Offer within next 12 days
2 Aug '17
isnt it exciting
DanBrown83
Posts: 2,022
Off Topic
Opinion:No Opinion
Price:34.4146
RE: Offer within next 12 days
2 Aug '17
I need 70p to double my money




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