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Victoria Oil & Gas Share Chat (VOG)



Share Price: 1.27Bid: 1.27Ask: 1.29Change: 0.00 (0.00%)No Movement on Victoria Oil
Spread: 0.02Spread as %: 1.57%Open: 1.24High: 1.30Low: 1.22Yesterday’s Close: 1.27



Share Discussion for Victoria Oil (VOG)


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maisydaisy
Posts: 879
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (14)
RE: Actis to acquire GDC soon imo
10 Jul '14
Free gas for 20 years, that's what.

On a more serious note, once takeover agreed, amicably or hostile-y, you would have to sell/have shares redeemed or accept shares in new co. assuming you hadn't sold out in market beforehand. Would trigger CGT if outside of ISA.
 
RiskManager2U
Posts: 87
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (14)
RE: Actis to acquire GDC soon imo
10 Jul '14
Actis would save money that VOG would bank as profits. GDC will come with a cash positive balance sheet. Actis have plenty of their own cash to make things happen faster. Oil the wheels etc. Its a no brainer
aa111
Posts: 240
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (14)
RE: Actis to acquire GDC soon imo
10 Jul '14
and if I didn't sell then what?
aa111
Posts: 240
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (14)
RE: Actis to acquire GDC soon imo
10 Jul '14
20 years of proven gas supply means something!
RiskManager2U
Posts: 87
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (14)
RE: Actis to acquire GDC soon imo
10 Jul '14
The share price in the market would rise to the offer price with in minutes or seconds and you can sell out via your normal route to market.
rodlin
Posts: 2,244
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (14)
RE: Actis to acquire GDC soon imo
10 Jul '14
Why would anyone believe Actis won't suffer the same delays and problems VOG have faced? IMO Actis management will face the same problems VOG have faced as the common denominator is Cameroon.

Actis taking over GDC will guarantee them nothing.
RiskManager2U
Posts: 87
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (2)
RE: actis on wiki
10 Jul '14
7p minimum as KF paid just below that value for a large chunk of his.
maisydaisy
Posts: 879
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (14)
RE: Actis to acquire GDC soon imo
10 Jul '14
Excellent news. 7p for GDC and we keep WM and Kem. If Actis want them, could go to 10p.
aa111
Posts: 240
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (14)
RE: Actis to acquire GDC soon imo
10 Jul '14
not been through a takeover/buyout but say if I own shares at 3p will Actis give me 7p in cash value for my holding or there abouts if this was the offer and do I have to sell if KF agrees or would there be a shareholder vote or will I get shares in Actis (not sure if they have shares issued anywhere)
aa111
Posts: 240
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (2)
actis on wiki
10 Jul '14
In October 2013, the firm announced it had invested $48 million in the Indian pharmaceuticals company Symbiotec Pharmalab for a "significant stake". Not checked up on this as yet but if it went through they don't do things in half measures. 7p will be nothing IF Kevin can do the math....



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