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Bertie - I guess the implication was that somebody knows something we don't about the offer price. Hence the SP has changed to match this information... Who knows though...
Sorry Medi, i misunderstood your post! I thought you meant ... something else!
Nay worry! All will (hopefully) still be good!
best,
-- BB --
Hi Berie. Now it's trading at 42.80. Before it was less in the 42 range
It does seem a bit 'flashy'...there were like 80 trades within about 30 seconds and then a bunch more. Presumably a lot of sells judging by the price change.
Just the share price now I believe.
hello meddi ... where did you get the 42pps price from?
thanks
-- BB --
Possible last minute flash drop and load up !! Who knows, not me.
gla
So in the 42 range :(.
Artemis 1.84%
Standard Life 7.11%
Dimensional Fund 1.84%
State Street Global 1.1%
Norges Bank 2.37%
Legal & General 5.7%
Ruffer LLP 1.15%
River and Mercantile Asset 1.24%
Nomura International 2.613% (2.613% short?)
Prudential Plc / M&G 9.07%
State Street Global 1.12246%
Carlson Capital 2.525%
Schroders plc 1.324%
FMR LLC / FIL Ltd 7.09%
The Vanguard Group 2.95%
BlackRock 3.41%
Barclays 1.25% (short 1.26%)
Petrus Advisers 2.49%
Azvalor 7.819%
Bybrook Capital 3.81%
Total declared = +66%
few more large ones to declare ...
StockMarketWire.com - Peel Hunt today reaffirms its buy investment rating on Ophir Energy [LON:OPHR] and cut its price target to 55p (from 58p).
Seems highly unlikely as you say. Has the original post been deleted, I can see one on ADVFN saying they 'heard' something? In other news I just bought some and it was flagged green (presumably neither buy nor sell).
Someone over at advfn reckons there doing that can't see it myself
In order for Medco to go hostile, they would need some of the already declared 8.3 to do a deal with as we sit at appox 66% atm with still more to declare imo, plus PI's of course. They require +30%
Sorry NK i thought they were 8.3 forms but they are 8.5, need to to go specsavers
Sorry, still can not see where your 3 % is .... an 8:40 and 8:43, where is the third one?
Those forms are 8.5. As NewKOTP says those are why every transaction has to be declared as they're involved with the two parties somehow. We can't tell yet what their total holdings are.
Sorry they are 8.5 forms
NewKOTP
There are 3, 8.3 FORMS out this morning 2 from M/S International.
withoutt,
MS, 3%, where did you get that from ?
Also, they are acting in a client serving capacity, although not sure who for !
The RNS 8.5 forms are a requirement of the takeover panel rules and as such each transaction needs to be disclosed.
NewKOTB
Don't the Morgan Stanley ones count? looks like they've got a 3% short on tia.
Artemis 1.84%
Standard Life 7.11%
Dimensional Fund 1.84%
State Street Global 1.1%
Norges Bank 2.37%
Legal & General 5.7%
Ruffer LLP 1.15%
River and Mercantile Asset 1.24%
Nomura International 2.613% (2.613% short?)
Prudential Plc / M&G 9.07%
State Street Global 1.12246%
Carlson Capital 2.525%
Schroders plc 1.482%
FMR LLC / FIL Ltd 7.09%
The Vanguard Group 2.95%
BlackRock 3.41%
Barclays 1.25% (short 1.26%)
Petrus Advisers 2.49%
Azvalor 7.819%
Bybrook Capital 3.81%
Total declared = +66%
few more large ones to declare ...
a 600k+ shares sale at the opening but not followed by other big sales. may be someone wants the share to stay as it is.
Ophir Energy
So both the forecasts have come in with regard to Ophir, firstly they are assessing a bid for the company and secondly they have heard from the Equatorial Guinea Government that the ‘R’ licence, containing the Fortuna gas discovery is not to be extended following its expiry at the end of December 2018. This comes as no surprise, after the inability to finance the project which was unfortunately open for all to see, the longer the process was drawn out it became inevitable and the result is a $300m impairment.
After Alan Booth took over as interim CEO the strategy changed, as if to acknowledge the loss of African gas and Ophir is now a South East Asian company with a fine portfolio of assets including the recently acquired Santos package. Shareholders will now wonder what they should do, unsurprisingly the options are at present mainly unknown to them. Regarding the CEO there is good news and bad news, the latter is that Nick Cooper ‘stepped down’ in May last year and still hasn’t been replaced which is an extraordinary length of time even with the Fortuna situation overhanging. Given that the new strategy has been known for some considerable time surely a replacement might have been found by now…The good news is that the ‘interim’ CEO is Alan Booth who is one of the most highly rated oil industry executives and if I was an Ophir shareholder someone I would like to be running the show.
The board of Ophir has now a number of difficult decisions, the primary one is to ensure that when the bid comes it is assessed fairly as I’m sure it will be. Alan Booth has significant experience in this respect and I am confident that investors will be treated right by him. Having said that I still believe that the assets within the company are of excellent quality and that anything but a knockout bid should be treated with caution. Ophir still has an exciting future ahead even if its recent past leaves something to be desired…
I would say MS is the blocker on any rise while letting the Insties holders load up or average down, to then get a deal that they will give the thumbs up to. all imho of course.