Dug my certificate out I'm getting old... On 20 June 1997 I bought at the old midland bank at 0.0325!!! So even lower than 1/2p.!!! Just found something else from 1998 where ENOC take 46% at 15p from satellite overseas limited.
ENOC will pay more guys. Dragon is a perfect fit for them to expand their upstream presence, I fully believe this is an initial number, the consensus is anything over 815p and its theirs. I'm expecting 850p to be honest and won't be selling below that. Hold out for more, it will come.
the price I paid was 1-2p - I always thought it was 1999 as remember the millennium bug shortly after. I used my annual bonus and me mum (yes yes !!!) matched what I put in. The certificate is in a file somewhere but I've not traded a single one since...
I was looking for something a bit higher than 735p too. I believe that they need over 75% of remaining shareholders to accept the offer. Don't think that will happen and i don't think the market does either. Something around 850p/900p be would be more acceptable i think.
So, it would appear that ENOC think the billions of dollars that Dragon have in the bank should not be taken into account on the valuation of the company.( they could always distribute the bank balance to us shareholders ) Can I ask what the offer would be if we had $10m in the bank? Well if they offer £10 I might be tempted to accept but £7.35 is very much undervaluing the company.
Yes I bought at 3p but do not have the paperwork with me to give a date. The consolidation took my holding down from 6000 to 320, then bought another 3000 at 34p and still hold.
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