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Or should I say Andrew Austin .... told you he would not take long to return to the market. So the question is who and what assets will he be after launching the IPO.
Who is this new company I hear you ask ...... KISTOS ENERGY that's who.
So Kistos is a rose by any other name would smell as sweet. Same RRE MO it appears, as share distribution, geographical focus, investment targets and to make the set, poaching old RRE board members and staff too.... RRE clone.
One thing is for sure, I doubt he will have the fire-power to trouble SQZ but companies with £10-£100m MCap should be on high alert imo. Then again, all depends upon who his backers are and game plan after IPO listing.
One to watch for sure.
16th September , depending on your broker could be a few days later.
Advice Please!
Hi, I bought £500 of RRE shares in my iii isa and they went up to £800 before disappearing from my account. As a total novice, could someone tell me what I’m likely to get paid and if I need to do anything to get paid? Many thanks!!
I, like LuckCounts didnt sell shares. How do we know when we are going to get paid or what do we have to do?
Thanks in advance
Oh, forgot, too late to sell now, last trading day was last week.
Have to wait for payment. Sorry :-(
LC,
Latest date for dispatch of cheques and crediting of CREST for cash consideration due under the Scheme 14 days after the Effective Date being 2nd September ..... so any point between 2nd and 16th afaik.
Unless you use CFD etc, if so you would need to contact your provider to see what your agreement is as the Long Stop Date is 11.59 p.m. on 28 February 2021.
https://www.lse.co.uk/rns/RRE/results-of-the-court-meeting-and-general-meeting-y2nodvs9vxezb5p.html
atb
Did well out of this one, just a shame it was taken over, would like the journey to continue
good luck everyone
Are we expecting a bunch of viaros shares now?
Atb
.... it is now.
Brief but fruitful relationship. xxx
Court Sanction of Scheme of Arrangement:
https://www.lse.co.uk/rns/RRE/court-sanction-of-scheme-of-arrangement-4vnwd0v67gj6206.html
Goodbye all, keep safe one n all.
atb
Well, today is RRE, signed sealed and delivered court day ..... I await Viaro's next target to be announced with interest.
NB Noticed Viaro has only taken one of the £250m Facility Agreement arranged as of yet !
atb
So long RRE, it was an interesting 6 months. My hedge against my RDSB disaster. High buy 2220 Low buy 546 profit +54.8%.
I have done fine but think it could have been so much better. Dropped £100 over the settlement date but should easily get that back through improved liquidity. Onwards and upwards.
I sold out after the t/o RNS several weeks and have put a decent chunk into LBE! It’s a slow burner over there at present but hopefully not for much longer.
Good luck to all investors on the RRE board going forward. It’s without doubt been one of the most informative and polite BB’s on LSE. Feel sorry for investors that bought above £18.50 but unfortunately that’s life.
GLA with future investments.
Dana,
Viaro would of had a plan, RRE was just their initial deal, as I stated, needed to be their cornerstone for further NSCS acquisitions. For me, SQZ is a likely target, plenty of experience as an operator, excellent staff, proven track record and trading 47% below fair value.
atb to one and all.
It is now.
Sold down the river.
Next announcement will be a big North Sea acquisition once it's been delisted.
Ah well, hope that you all made a bit out of it, only an unfortunate few bought above £18.50 and I feel for you if you did.
Onwards and upwards, I bought a few North Energy ASA today - quoted on the Oslo Bors, and trading at a 50% discount to asset value. June quarter results out end of the month which will reflect big growth thanks to Touchstone Exp TXP , which they hold a big chunk of.
Well, that surprised me ... they made it with only 39.67% of total available votes. They had 32% in the bag all ready. Just go's to show.
atb
Yep, all done. Thanks for the good times RRE, I hope I'll find more like you.
I sold out at 18.44. Good luck all and take care.
Good news for Inner Moray Firth Groups. I3E next?
Looks like the deal is done...;o(((
must have balls of steel !!...;o))
Out of interest, I called Rockrose and a pukka young lady put me through to a very helpful aswerphone.
I called the Brokers, one is out at a meeting all day and the other is on the phone.
I called the financial PR people, and unfortunately they are all in a meeting.
Most interesting.
I wonder how long until the shares are suspended?
I am surprised that there were a few panicked sellers after 11 am, after all that waiting which seems absurd to me.
Very tempted to buy a shedload more before suspension.
Closing SP today will be interesting.
Should Viaro be 'talking' to other holders this would certainly be under NDA conditions and I would think, include a clause to restrict them from buying more.
aimo
Actually should read...
Hi investors, you know how we recommended selling the company to Viaro for £18.50, well sorry but some big boys bought in and advised that that was too cheap a price to sell at so we've just agreed to sell the company for £25/sh now. Sorry for your losses. We are clearly clueless half wits. xx
Hi investors, you know how we recommended selling the company to Viaro for £18.50, well sorry but we've just agreed to sell the company for £25/sh now. Sorry for your losses. xx
That's correct. re rns 8am tomorrow
GLA