Member Info for 50glass

TDR, Starwood and Terra Firma have deadline extended to 7 August. Prime Opportunities not given an extension.

It appears that the wider debate regarding plastic waste and environmental imparement is casting a shadow, irrespective of what the Coy states on the subject.

By 17:00 this Saturday, hopefully not deferred again, our four suitors have to put up or shut up. I sincerely wish our business to remain independent, as the future looks rrosy, however I accept that my small shareholding counts for little. If we are to be taken over, I want reassurance that the BoD extract the best possible terms. At the moment it is a sellers market so getting the maximum from an auction does not seem unrealistic.

I regard Simon as an excellent commentator. The vast majority of his recommendations are very sound. Unfortunately, there are 'investors' who simply follow his recommendations without doing their own research.

Thans for sharing your figues and calculations. Independently, I had got to a annual debt reduction, in each of this and the next four years, of c. $400m. I'd taken a conservative $60 boe for 2019 - 2022 inclusive. All-in-all the bond and debts appear easily manageable with my expectation of divis flowing from around 2021.

Flowtech have advised that it will be issued next week,with the HY result in w/c 17 Sept (tbc).

....seems underway given today's latest announcement.

Thanks: my NAV per share calculation is similiar. Share buy-back programme, whilst reducing (slightly) the cash pile looks sensible. The prospective approach for a stake in ARL (RNS 12/02/17) suggested a value of $10m although a carry-value, for NAV purposes, of something less is prudent.
Having, so far, failed to find a suitable investment for the cash pile, it is understanable that some shareholders have requested that it is distributed to them.

Today's announcement adds appreciably to the net asset value.

The bond, based on its price improvement in recent months, is looking a lot healthier. Given the dynamics, it appears that the next four years will allow for the bond to be redeemed at expiry with, also, very appreciable inroads into the other borrowings. Sadly, for those who want a quick fix to the sp I fear you will be disappointed. However, I'm in for the long-term and provided oil remains above $50 - the Saudis have recently made encouraging noises about the global effect of the relative lack of investment in developing supplies - then the future looks increasingly rosy.

RNS of 6 June: "In summary, the Directors remain confident about the future; we fully expect our underlying performance to deliver another year of solid progress and we look forward to providing our next Trading Update for Q2 in early July."
Call we a pedant, however early July has now passed.

And not let's forget the influence of the Teamsters who, becoming aware that some drivers are now subject to improved safety, can reasonably be expected to require the same of all employers who employ their members as drivers.

I am not clever enought to 'time the bottom'. However, my rationale for investing in ELM is based on medium-term expectations, so I will sit back and watch the next few months unfurl.

Appears, from the size of transactions, that some smaller PIs are rushing for the door. Time to move in; going against the crowd is never easy, however is often profitable.

All four bidders now have a 21 July deadline.

Increased growth of site numbers will add £30m to current yer expenditure yet profit only to decline by £15/20m. Looks like a positive announcement from my perspective. Could generate higher bids from our current suitors, who are expected to take a 3 to 5 year view.

We now have two who have a 21 July deadline. Two others have a deadline of this Friday. I'm expecting them to either withdraw, or also move to a 21 July deadline.

And now, according to an article in Saturday's Times newspaper, Guy Hand's Terra Firma might be geting involved.

....coming home to roost. Several years ago I swore never to deal with DC again following their awful customer service. They offer nothing unique and have ceded ground to other, more customer-focussed, players.

Since when the sp has moved sharply ahead, with today’s dividend announcement the icing on the cake.