Like to be honest so I have to say I was surprised by the lack of buying by BLVN yesterday to support 28.5p and that looks to have continued today so far. Not sure I got the story right so I've withdrawn punt money to now (keeping core holding) and will await further developments. GLA
9.5 CONSIDERATION TO BE OFFERED (a) An offer made under Rule 9 must, in respect of each class of share capital involved, be in cash or be accompanied by a cash alternative at not less than the highest price paid by the offeror or any person acting in concert with it for any interest in shares of that class during the 12 months prior to the announcement of that offer.
a share which has a buyback in oppo? You are mighty ballsy C2, or maybe foolish.
I think the co. are playing a blinder. Softly softly, no need to rush. Just don't let Crown Ocean pay 20p and make 22p offer. Remember, the price they pay on the buying sets a level for any offer they make. Keeping the SP up at circa 27.5p means probable offer of circa 30p.
so far the buyback has only bought less than 1m so plenty of time with oil down and the market they must have a strategy of the most effective way to buy back shares many will see a pull back and decide to get out which is great because it will enable a floor to be put on the price at a much higher figure. nov/dec budget sign off for drilling etinde?(Y/N) they don't want to use all their ammunition to early also there must be lots of people thinking if your going to double down this is a great time to do it!!
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.