The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
ci2201 -
Scrub my last post, as it's incorrect. I miss-read the percentage holdings. Apologies...
ci2201 - Yes, you could well be correct there. Otherwise, they already have over 60% of the shares....As long as they do't sell any more....
JiffyBag - Absolutely ! My HK pal is a retired stockbroker, married to a delightful Thai lady. Their house is in Bangkok area. As he owns his firm he still goes to HK a lot, so I doubt there will be an immediate response.
Pretty sure this is a duplication of sorts based on, as adoubleuk mentions, 'swapping' between holding companies. Nevertheless, I think it is worth clarifying - I have emailed the company to ask for their take and will drop any information I receive here.
Daltry,
Just mention to your HK pal, we will settle for 50p a share :O)
Stampfli,
"Market Screener shows HUR top two shareholders as Kerogen Capital (UK) Ltd with 318,531,211 shares (16%) and Shanghai Pudong Development Bank Co Ltd (Hong Kong office) with 318,531,000 (16%). So top 2 investors own 32% and have identical shareholdings. Does this give them strike rights under AIM rules id they worked collectively? Any other implications of such a possible co-operation?"
I don't think too much should be read into this. Because in the past Kerogen (THE major shareholder but Hong Kong based, even if nominally London) held about 32%. Seems to me like some 'swapping' has occured.
And of course now there's all this brouhaha between China and the UK over Hong Kong.
I must admit, on reading your post I felt tempted to buy back in. But didn't, and seeing today's 'share perfomance' (or rather lack of it, despite all the TA), didn't.
Still watching this like a hawk, though. But it needs the new BoD to break cover and issue some news, first.
High crude quality, great assets/potential at a fantastic premium, and now with RT gone, ripe recipe for a potential takeover, hopefully also with a juicy premium for the underwater shareholders, time will tell.
daltry - many thanks
Stampfli - Very interesting question.
What if HUR ended up being owned by the Chinese? Our oil is high quality.
I'll send an email to a stockbroker pal in HK, and ask about the 2 entities.
If I don't get a reply I won't post. If I do, I'll address it to you.
Market Screener shows HUR top two shareholders as Kerogen Capital (UK) Ltd with 318,531,211 shares (16%) and Shanghai Pudong Development Bank Co Ltd (Hong Kong office) with 318,531,000 (16%). So top 2 investors own 32% and have identical shareholdings. Does this give them strike rights under AIM rules id they worked collectively? Any other implications of such a possible co-operation?