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Sefton Resources Share Chat (SER)



Share Price: 0.175Bid: 0.15Ask: 0.20Change: 0.015 (+9.38%)Riser - Sefton Res.
Spread: 0.05Spread as %: 33.33%Open: 0.16High: 0.175Low: 0.16Yesterday’s Close: 0.16


Share Discussion for Sefton Res. (SER)


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jonjo
Posts: 2,695
Off Topic
Opinion:No Opinion
Price:0.25
Eighteen
18 Feb '14
What news would that be?
 
Eighteen34
Posts: 98
Off Topic
Opinion:No Opinion
Price:0.25
Price
18 Feb '14
will move up on the news
discopablo
Posts: 1,211
Off Topic
Opinion:No Opinion
Price:0.24
KIEVSKY
17 Feb '14
I was offered 0.28 for 400,000 shares so I guess it must differ with who you use.

I genuinely think that this fluctuation of recent weeks is just based on uncertainty.
kievsky
Posts: 148
Off Topic
Opinion:Hold
Price:0.24
SP
17 Feb '14
Today was just the MM moving the price up so they could sell some of there shares before it goes tits up or TA at less than 0.30. As soon as the spread was 0.27 ask 0.30 bid they new people would start buying as before the spread was huge so no in there right mind would buy thus making it hard for MM to sell. At no time could I sell more than 300 pounds at the 0.27 bid. Then once they sold a few they dropped both like a stone. The only good thing today was Sefton did not issue a RNS to say rum moors about possible takeover prices being muted were un true. To be honest I will be lucky to get all my money back but for what little sum of money I have I will let it run.
buller
Posts: 7,147
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.24
My WIN
17 Feb '14
Notice he is gone again, wasn't doing the shareholders or anyone else any favours!
discopablo
Posts: 1,211
Off Topic
Opinion:No Opinion
Price:0.24
enrico
17 Feb '14
You say 'If they cant pass due dulligence then a sale is the only way forward'.

Just to clarify DD is not something that a target needs to pass as such. DD is the name given to the analysis undertaken by the potential acquirer into whether or not they want to offer/buy the target. It's not something that the target passes or fails - moreover it determines at what price the acquirer would like to make an offer as the activity determines the value of the company.

The value is based on past, present and future. It is well known that SER have had their fair share of skeletons the last 6 months or so. Perhaps there are more?! Who knows. Ordinarily the acquirer would require the target to warrant historic events to limit the acquirer's liability going forward. It could well be that both parties failed to agree on these warrants, it might not be anything to do with value going forward.

I don't understand your comment ref a sale is the only way forward - it makes no sense. If the acquirer is not happy with the DD work undertaken, then there can be no sale clearly.

I put no credence in MC whatsoever. But I am not surprised by his comment today regarding an asset sale - presumably he means a trade and asset sale.

Such an approach makes the target significantly more attractive as there is no potential for historic issues to come back and bite the acquirer in the bum.
AA1971
Posts: 1,452
Off Topic
Opinion:No Opinion
Price:0.24
SIFC/OBB/DISCO
17 Feb '14
Evening guys

MC's noise is no more than speculation and I ignore such things, only news issued via RNS's is what I will listen too

OBB you are spot on with stating 'facts' not at lot of posters do this!

SIFC you mean well but suggest you back off a while let this story play out via normal channels through released news from SER not bloggers

IMPO news re BOW refinancing must be around corner and this is the news we need to put in place a solid base that hopefully SER can then build upon.

Good luck chaps!
OilbeBack
Posts: 1,086
Off Topic
Opinion:No Opinion
Price:0.24
enrico
17 Feb '14
If you're going to post on this bb then try posting facts.

FACT 1: I openly post on iii and lse and everybody knows it. I read the posts on advfn but I don't post there.

FACT 2: BeanStalk69 is a troll, pure and simple. BTW - Have you seen him post today? No, I wonder why?

FACT 3: I never mentioned MC in any of my posts last week.

FACT 4: JE stood down as CEO/Chairman as a result of the Dillabaugh revelations. MG was not implicated in anyway for fraud.

FACT 5: Until we hear from the BoD via an RNS, the DD rumour is nothing more than that.

FACT 6: I'm a long suffering SER shareholder and I would like the BOD to put things right. No games, just facts.

Simples!
enricomessi
Posts: 51
Off Topic
Opinion:No Opinion
Price:0.24
obb
17 Feb '14
Play the game is what you've been doing for over 12 months obb. You treble post on interactive investure an ADVFN. Last week you were singin MCs praises this week you're ****ging him'her off. In fact for the last year you were singin JE's praises and Mike Greens praises. Both of them got the boot for fraud.
Beanstalk on iii has got you well pegged. Face facts Sefton are in big trouble. If they cant pass due dulligence then a sale is the only way forward. A sale of Kansas and tapia will not even get the 4.7 million back. The bank could still have a lien on Sefton even after they've sold tapia and Kansas. Then there's the pension obligations and other debts. Dilution dilution dilution and you're screaming that mc has been playin a game. Its you playin games. Sefton must be payin default rates on the BOW loan so its not even going down! They've defaulted on a massive debt they will go under if there's no takeover. I'd like to see a takeover but as I posted before its very unlikely. You need to get your mind right.
buller
Posts: 7,147
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.24
OBB
17 Feb '14
Most sensible post of the day. Thank God you are not juimping on the SIFC/MYWIN bandwagon filling up the board these last few days with 3 bids, due diligence, .9, 1.20 etc etc. It has just been ridiculous. Get the basics sorted and we might still have a chance to rescue something from this debacle.

I am not sure about the shareholder approval. If and when the offer comes I thnk it will in the form of a ultimatum. Take it or the company goes under. I can't see any other scenario. One thing we all can agree on is that the silence is deafening and the board ought to keep us somewhat informed but so be it, nothing new here and I probably prefer them to be silent than to mislead us so let us keep waiting.



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