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San Leon Share Chat (SLE)



Share Price: 39.00Bid: 39.00Ask: 40.75Change: 0.00 (0.00%)No Movement on San Leon
Spread: 1.75Spread as %: 4.49%Open: 39.50High: 40.875Low: 38.50Yesterday’s Close: 39.00


Share Discussion for San Leon


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SloppyJoe
Posts: 4,322
Off Topic
Opinion:No Opinion
Price:50.00
Think
25 Apr '17
This should keep going tomorrow - might be a shake or two if the big buyers still haven't had their fill.

Tosca's intentions appear obvious.
 
ManuDave
Posts: 7,942
Off Topic
Opinion:No Opinion
Price:48.25
close
25 Apr '17
50p
ManuDave
Posts: 7,942
Off Topic
Opinion:No Opinion
Price:43.50
bit of action
25 Apr '17
A few buys coming in now....
DojiStar
Posts: 118
Off Topic
Opinion:No Opinion
Price:43.50
re:They turned down 80p
25 Apr '17
The timing of the fall does look a bit odd, given this is happening in the background and the fall starting straight after Toscafund stopped buying.

I thought it was probably a build up to SLE coming out of the offer period, but it look like I was way off in that assumption.
SloppyJoe
Posts: 4,322
Off Topic
Opinion:No Opinion
Price:43.50
View Thread (2)
They turned down 80p
25 Apr '17
The SP has been dropped deliberately to accommodate some big orders ahead of this news.

Crooked as you like but that's how its always been here.

At least 100% upside from here, should a firm bid be made.
DojiStar
Posts: 118
Off Topic
Opinion:No Opinion
Price:43.50
RE: Looks like
25 Apr '17
Probably explains why Toscafund isn't buying anymore as well.

Anyway I'm sure they will want to make money on the shares they where pay 56p+ for just a few weeks ago. At the very least.
craig140583
Posts: 3,307
Off Topic
Opinion:Strong Buy
Price:43.50
RE: Looks like
25 Apr '17
You would think at a premium to today's price:

"This appointment is a function of Toscafund's ongoing commitment to securing optimal value for all shareholders of San Leon."
SloppyJoe
Posts: 4,322
Off Topic
Opinion:No Opinion
Price:42.50
View Thread (3)
Looks like
25 Apr '17
They've been appointed to over see the sale negotiations.

Deal on!!!
craig140583
Posts: 3,307
Off Topic
Opinion:No Opinion
Price:42.50
RE: rns
25 Apr '17
Interesting
ManuDave
Posts: 7,942
Off Topic
Opinion:No Opinion
Price:42.50
rns
25 Apr '17
San Leon Energy PLC

Toscafund - Appointment of Financial Adviser

RNS Number : 2694D

San Leon Energy PLC

25 April 2017

25 April 2017

San Leon Energy plc

("San Leon" or the "Company")

Toscafund Asset Management LLP - Appointment of Financial Adviser

San Leon has been informed that Toscafund Asset Management LLP ("Toscafund"), which holds 59.52% of the issued share capital of San Leon, has informed the Company that it has appointed Hannam & Partners ("H&P") to conduct a review of the strategic options available to Toscafund. It understands that H&P has initiated an exercise to educate a small number of parties on the key assets and valuation of San Leon. This exercise had been conducted independently of SLE's board, management and advisers and was initiated more than three months after SLE's approach announcement.

Martin Hughes, Chief Executive Officer of Toscafund, commented: "Toscafund remains supportive of San Leon Energy and its management team. We understand that discussions continue between the board of San Leon and potential offerors and continue to encourage these discussions. This appointment is a function of Toscafund's ongoing commitment to securing optimal value for all shareholders of San Leon."

Oisin Fanning, Chief Executive Officer of San Leon, commented: "We note and welcome the involvement of Hannam & Partners as financial advisor to Toscafund."

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Directors' Responsibility Statement

The Directors of San Leon accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Enquiries:




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