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If the 43% is. offered to. the market itcould present an opportunity for a new investor to
take a 29.9% holding and maybe a directorship whilst considering a full takeover at a cheap price. The tidal side of the business is healthy and should be revenue positive
At slick and wets.
Look at his previous posts.
Lots have been removed
Nuff said.
Excellent.
MilkMonsta agrees that the crashed sp could mean a takevoer and shareholders getting diddly squat for hteir shares.
That wan't hard to admit that was it?
As for you copying my comment, your response shows you have a problem with the truth. That is a shame.
Is this you first day posting on here? Myles Mc Nutly follower perchance? I feel sorry for those who have lost so much on this share. But in your case I will make an exception.
As for accusation os being a shorter? No chance. Shorting an AIM is a mugs game. Though if there was one to short, this would be it.
I assume the takeover waiver will retrospectively apply to any potential buyer of the Gupta shares in SUEH and therefore a token protection applies to the long term shareholders like myself in SAE therefore I’m continuing to average down. I take it that this king Eric character is shorting SAE, well fair enough, good luck, hopefully my long is more sensible.
Nice reply M
Yes, it was.
I hold the copyright from years ago.
I'll let your plagiarism slide this once.
Since you aint so smart. Let me clarify.
Indeed it could Eric was a nod to the fact that the scenario you paint - could happen. Not of course that either you intimated, or indeed, I considered, that there is a growing possibility of it happening. Just as any of a myriad of outcomes - COULD happen.
I wasn't inferring in any way that your scenario WOULD happen or that there was a GROWING POSSIBILITY that it COULD happen. In fact, since it is a scenario that you thought of, and, as has been established, you aint that smart. I would go so far as to say that it is very unlikely to happen as you suggest.
Hope that clears up your confusion. And stop copying me.
NIce phraseology. Yours by any chance?
Me:
"SP may well be affected creating great opportunity for takeover with shareholders receiving diddly squat for their shares."
You:
Indeed it could Eric.
I did not say it was a growing possibility.
That was your input to my comment so you could try to make a smart comment. It is a shame it was non factual. Try harder.
Optimist as always.
My objective read on the situation in short is that the waiver aspect is a positive, the threat to SAE entity future operations has diminished, good. The negative is the ensuing court battle which will prolong the uncertainty further, personally I would have hoped to see GFG / Simeon removed from the equation as they hindrance rather than a support of the business. I don’t see any magic wand putting things right for GFG in the short term. IMHO Gupta and SAE need an out and I think this will resolve by way of sell off of SUEH which maybe facilitated by way of mutual agreement in Lew of court action. Fingers crossed the sooner the better that SAE get clear of the Gupta fiasco. Let’s hope the Simec shares are picked up by a proactive developer in the tech energy market. Good luck Atlantis!
I did not say there could be sellers. That was your input to my comment so you could try to make a smart comment. It is a shame it was non factual. Try harder.
I have said that 43% of company shares are going to be sold because there is a seller, not that there could be a seller.
The question is who will buy the shares and at what price, not that there 'could' be buyers.
The evidence so far today is that few want to buy even without the 43% soon to be dumped on the market.
Good to see you agree that the likelihood of takeover and little or nothing for shareholders is a growing possibility.
"SP may well be affected... therefore creating more good buying opportunities for LTH's." could easily be re-written as
"SP may well be affected creating great opportunity for takeover with shareholders receiving diddly squat for their shares."
Indeed it could Eric.
So, you are saying that there could be buyers and there could be sellers, depending on how each person views a situation.
Amazing. Has that ever happened before in the history of the stock market?
"SP may well be affected... therefore creating more good buying opportunities for LTH's." could easily be re-written as
"SP may well be affected creating great opportunity for takeover with shareholders receiving diddly squat for their shares."
In that case, it would be wholly rational for sp to fall.
Atlantis turbine division is a really good product - who wouldn't want that for a song?
Yes, I agreed that the SP may fall. But irrationally so.
If one guy living on your street gets his home repossed and the mortgage company sells it quickly at auction at a discounted price - it doesn't affect the price of all the other houses on the street.
Milk... fair point about the term "placing" , I should have said "off book transaction" . The point remains tho' that whatever happens, while it may have no effect on the business, it will affect the SP , your comment "Offered to LTH's .... AT A GOOD DISCOUNT (my caps )" (to an already depressed SP) means that ALL the shares will default to that value or near it. LTH's can hold through all this , or sell out and return when the situation clears , I know which I believe to be the sensible strategy.
"I assume therefore that the receivers only option is to offer the shares(current value ~£18mill) in GFG's holding in a placing to more than one buyer, or drip them out in to the market?"
Fire sale of these shares has no impact on SAE's business at all. It may be and seems to be irrationally unsettling for other shareholders that this will happen - hence the SP movement again.
You use the word "placing" which of course is not correct as any sale here is non dilutive.
A shareholder ran out of money. These shares will be sold at whatever price can be agreed. I am sure if they were offered to LTH's here at a good discount they would be snapped up very fast.
These will be sold and sold quickly. SAE will be getting on with the job in hand. SP may well be affected, but irrationally so, therefore creating more good buying opportunities for LTH's.
Says very little but the significant para is this;
"Separately, SAE has been notified by the receivers that an application has been made by them to seek a waiver from the Singapore Securities Industry Council which requires them to make a mandatory general offer for SAE under Rule 14 of the Singapore Code on Takeovers and Mergers arising out of their appointment as also referred to in that same announcement."
As I suggested in a post on 18 May it looks as though amongst all their other far more major infractions , GFG(and SAE?) were in breach of the Singapore takeover code since the day they (GFG) took a stake.
What this means for SAE is not clear (at least to me!!). In simple terms the receivers have no intention of using whatever cash there is sculling around in the remnants of GFG to buy out SAE, before presumably trying to unload the whole thing. I assume therefore that the receivers only option is to offer the shares(current value ~£18mill) in GFG's holding in a placing to more than one buyer, or drip them out in to the market??? in order to allow SAE to continue as a viable, funded entity. As I have said before, a forced sale does not fetch a high price, but if others believe that there is value here especially at a knock down price, SAE may well still have a future . When the dust settles I will buy back in.