Like I said earlier, what's the point spending all the cash, if course they will look at debt to fund the acquisition. They have revenue and no debt so finance would never be out of the question question for the rumoured buyer.
the buyer would be getting access to circa £30m cash and free carries on several upcoming drills where CHAR are partnered with Cairn. Certainly not out of reach for the likes of Sterling of the price was around 30p per share.
It's a nice Thought but not a chance there's any truth in a takeover rumour .this company is a proven leaky ship when it comes to insiders getting hold of price sensitive information.SP stuck firmly where it is for now. What we need here is an update from the secret society,without news we are stuck where we are.
Would they really have enough money to take over Chariot? They have £70m in the bank. They would need to borrow £100m more in order to be able to buy Chariot for 60-70p a share. They only have annual revenues around the £15m mark. I hope it's Woodside. Actually I hope it's anybody :-D
I think you're barking up the right tree with talk YF Finance's position in CHAR. There's a reason they are here. And it's the same reason one director has been filling his boots. And the rumours are picking up traction in the industry - no smoke without fire.
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.