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I totally agree
I lost money on this but gained it back in Kier. I got out of this in January thankfully
SCREWED this company and its share holders could not of been more useless had he of tried..........
Harbour energy now.
To this Company?
The end of an era....and the slide continues over at Harbour,:-(
Thanks for the extra detail. I don’t know why my 80.6 isn’t right - I got a cash lump sum and a ‘cost’ for my shares (exchanged shares and additional purchases all lumped together). So I add the cash lump sum and the cost (deducted from what I otherwise would have received if not purchasing additional shares) and the total works out at 80.6p per nominal held.
I think we’re just using different currencies, but what’s interesting for me is the total value of the exchange excluding the additional shares.
So unless I’m mistaken, the total value of the exchange was 80.6p per nominal, which is above recent trading values but lower obviously than what I bought at. The coupons and the additional shares have made it all just about worthwhile.
One or 'thother no doubt.
.
Now that is unusual! LOL!!
https://www.bbc.co.uk/news/world-middle-east-56715520
We know they mean it unfortunately.
Volatile oil price to be expected in due course!!
All IMHJO.
.
yeah, shareholder,
Thanks
Jayzee, were you a pmo shareholder not a bond holder? Shareholders got 1hbr share for each pmo share they owned.
Same here, just got a 1 for 1 conversion on HL. I didn't receive any correspondence or options to do anything also. Am i missing something here??
Thanks J
Stevo12,
The allocation was based on the number of bonds you hold, not the number you applied for. It comes out at roughly 0.32 additional share per £1 bond.
Just working out how many additional top up shares I was allocated. I applied for 200k and was allocated 25,000 - 12.5%.
Is this consistent with others?
I’m on HL, and received no correspondence about this aquisition, specifically options around exercising/cash mentioned below. I had roughly 40k shares in PMO and now have the same in harbour. Should I expect something more coming soon? Confused.com
Yes! It’s gone through.
I’ve got the same as Jennifer, 61.6p per £1. They have taken the extra to pay for my additional shares.
If I knew they were doing it this way round instead of needing the money in my account I would have applied for more.
Oh well, it leaves a profit at the end of the day.
Thank you all for your updates on this - it’s more than I got from HL.
Tarrier,
I was charged 8.2749p for each of the additional shares. I think your 80.6p per £1 nominal is an error, I've received 61.6p per £1 in all my accounts.
Got mine in my HL account this morning, 80.6p per £1 nominal held, before deducting for options cost.
I’m still not clear on the split of new HBR shares between exchange and options. Can anyone confirm the options price? I can work out the allocation from that.
I've received cash in Eqi, 61.6p per £1 nominal. This includes a deduction for additional shares.
I have been told that it will be early next week. But no clue as to the final total outcome!
No cash this morning, still waiting...
Has anyone had a date from their broker on when this will pay out?
Yeah I expected that. Still totally unclear what’s coming from exchange and what’s from options purchase. Quite unimpressed with the comms.