Member Info for AlmaCogan

Mutual Funds & ETFs

302.73M 44.03%

Other Institutional Investors

329.01M 47.86%

Adds up to over 90%

Meow, Meow........

I think there is impending chaos ahead.

Firstly, the offer is non-binding, conditional, and not final. Wait for Thursday for that. Or indeed a Sidara walk away instead.

Secondly, an agitated institutional shareholder with 5% could requisition the Board to hold a general meeting to block the deal or sack the Board and replace them with nominees.

Thirdly, the Board envisages a Court sanctioned Scheme of Arrangement for the takeover. The Commercial Court tends to uphold shareholders’ interests, if it thinks they have been deceived.

Fourthly, it is not beyond possibility that the SNP administration in Edinburgh decide to nationalise the company. They have track record with Scotrail, Ferguson Shipyard, Prestwick Airport. And they have this Scottish Investment Bank looking for a Big Win to justify its existence. It would only cost the price of a ferry, after all!

Fifthly, there are private equity vultures out there who could make a killing.

Sir Ian Wood could buy it back from his personal fortune, for not much more than he spent on a ten storey car park at Aberdeen Royal Infirmary. He must be fuming so much that the local air temperature in Rubislaw Den South is contributing to climate change.

After the Court agrees to a scheme of arrangement

Into the valley of death rode the six hundred..............

Today's RNS envisages a Court Sanctioned Scheme of Arrangement, which only requires 75% of the votes at a general meeting.

"Has any of those wars has any impact on the Falkland?"...

Yes, if UK has to send troops to Kiev or West Africa, or the Gulf, we have fewer soldiers to defend Stanley.

To answer your question, Brent is trading at $65 , not $38.

Wars affect economies.

I thought they know this stuff in Erbil?

*"you reap what you sow*

That'll be the final word from the Ministry of Disinformation in Erbil, then?

SpaceHopper

You are correct. But these Arbo jockeys have already strung it out for 7 years at 3 grand a day.

If they are so minded, they could string it out for years, perhaps even after first oil at Sea Lion.

At that point it would make no difference to the company's financial position. OK extreme example, but 7 years is already 10% of the Panel/ committee members personal lifespan. Talk about money for old rope?

I'd love to believe you Paul, but I trust the EC less than Trump. There has been one event since 1 October, where RoI appointed lawyers to defend against enforcement in UK and USA. Presumably that indicates the EU/EC are not prepared to allow enforcement in EU and have made that plain. That might be complicating the Committee's final wording of a decision.

Ovets, you are right, this matter was raised twice previously, by an EU lawyer working in tandem with RoI. It was dismissed by the Arbitration Panel based on legal precedents.

However, at the Ad Hoc Committee , the EU wanted to become a non disputing party to the annulment proceedings, and the Committee allowed them to make a submission. Their submission has been seen and replied to by the disputing parties, both of whom will disagree about it.

It looks like a never ending story, and I don't think an an early answer is due. The Committee is well past its deadline and must be in a legal quagmire.

Daikihaku1...

The non -disputing party is the European Union through the European Commission offices in Brussels.

The EU has long held the view that this case was outside the jurisdiction of ICSID, and should have gone to the European Court of Justice instead.

This argument was thrown out by the Arbitration Panel, but has returned to the Ad Hoc Committee who are deciding on an annulment request from Italy.

The matter of jurisdiction is central to the survival of ICSID, and both they and EU know it. It's an attempt to rid ICSID from the EU, and RKH is the unfortunate test case. I fear it go on longer than we can imagine.

Only if you tried to claim tax relief for losses

In an insane moment, Trump brags about the market going up 2,500 points, despite the fact that it's still more than 3,000 points down from where it was before he announced tariffs. "Nobody has ever heard of it. Gotta be a record."

LOL!

And last night Trump said on social media "buy now" after the insiders closed their index shorts. If that's not market manipulation, what is? Millions trousered in DC.

There was a rumour running yesterday about a 90 day pause, which bolstered the markets.

Then Karoline Leavitt dissed it as fake news at the White House podium and things fell apart. It clearly wasn't fake news, it was going on in the background with Musk doing the running.

Anyway as CanYouDigit observes, we now have a 89 day traders breakfast.

Joe Biden suffered from dementia and should never have been a president. Trump suffers from a form of madness called megalomania

Nick, if all these countries do deals to eliminate tariffs, where will Trump find his trillions of dollars to extinguish the national debt, which is the stated purpose of them in the first place.

He has stated that tariff income will replace federal income tax.

As for China, it's the moment they have been waiting for.

I'm not sure we have seen the bottom, here or in any other stock . Watching Trump appear at the door of his lounge on AF1 to feed reporters with whatever fantasy appears in his head is very alarming. I fear he is clinically mad and surrounded by sycophants who deliver the mad ideas for him.

An angry Xi in Beijing could totally destroy the US economy by refusing to provide parts which are essential to US manufacturing and then dump $3 trillion of US treasury bonds onto the market.

War is likely to be extended in many places, Gaza, Iran, Yemen, Ukraine, and Putin is drinking Champagne. The nutcase said he would end the Ukraine war in one day but he's guaranteed a win for Russia.

The rednecks voted for a return to 1930s.

I am inclined to exit shares and buy physical gold.

I've heard of Black Swan events, but this looks like a Black Elephant event to me.