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Stevo12,
Would Harbours loan notes yield decrease to 6% surely that is up to the market not just some Fitch rating change ? With the increase in liabilities and risk a takeover of Enquest would incur. Premium to todays market value would have to be paid, Labour gov EPL etc
Jcj07,
When you get free shares why buy ? I am disappointed by lack of director buys also. I think SMS might still be in a legal battle with WPP for his renumeration shares their which are worth a lot. Not sure what his access to spare cash is but I think he would need to buy in excess of £500k or it wouldn't look convincing.
Abu Dhabi National Oil Co. is exploring a potential acquisition of Wintershall Dea, the European energy explorer backed by BASF SE, people with knowledge of the matter said.
The state-owned Middle Eastern company has been studying a possible bid as it seeks to boost its global footprint, the people said, asking not to be identified because the information is private. Any deal could value Wintershall Dea at more than €10 billion ($11 billion), the people said.
UK-listed Harbour Energy Plc is also among suitors that have been evaluating the business, according to the people.
In the third quarter, Wintershall Dea recorded €964 million in earnings before interest, tax, depreciation, amortization and exploration costs. It had daily quarterly production of 324,000 barrel-of-oil equivalent for the period.
https://www.bloomberg.com/news/articles/2023-11-23/adnoc-is-said-to-mull-acquisition-of-basf-s-wintershall-dea-unit
Snapper10,
The court case is not a big deal and will likely come to nothing. There are much bigger things at play here right now, just wish I knew what they were. But the significant increase in shorts and the cost to borrow shares is a concern.
Sekforde,
I guess if Linda has sold all her shares then she might just go for straight takeover. Only sticking point would be Amjad would be playing for a high price per share due to the charitable foundations holding. I guess HBR would rather some sort of part cash part share merger ?
Decidedleaverage,
I don't think that will happen based on spot prices. If you look at futures prices to Jan 2025 they are all up despite spot being down almost 4%. Harbour and Tullow shareprices also firmly up today.
Ad giant WPP's media investment division GroupM has grown more than 23% since Christian Juhl took the reins as global CEO in 2019, but it stumbled this year, having lost more than $1.6 billion in business to competitors in the US alone, according to the research firm COMvergence.
GroupM — which has 82 markets around the world, 44,000 people, and is responsible for placing $63 billion in media dollars annually — is in the midst of a multiyear plan to simplify its business to sharpen its competitive edge.
From next year, GroupM will allocate budgets and resources solely on a country-by-country basis as it shifts to a country-level profit and loss model, Juhl confirmed to Insider.
www businessinsider com/groupm-simplify-business-country-level-strategy-2023-11?r=US&IR=T
Redwineday,
'The American billionaire Ken Griffin is in talks to help fund a transatlantic takeover bid for The Telegraph led by his fellow hedge fund manager Sir Paul Marshall...'
www telegraph co uk/business/2023/09/25/telegraph-sale-gb-news-owner-talks-ken-griffin/
NigeCo,
They took it down into the close last night it was 49.56p two minutes before market closing then over 1million shares traded after the close ( including the U/T) at 50.9p
I think we all know who 'they' are. I also think they sold into the bounce to 62p on Thursday and again Friday, after all they knew they had written a damning newspaper article to be digested by holders.