Member Info for Auson

Mrlong,

The share price shouldn't be 850 and it probably should have reached that level. But it shouldn't be 45p either.

Mr Long,

SFOR revenue is for 2023 around 10X Media Monks revenue when bought in 2019 for a price you in hindsight state was too much.

At the moment SFOR is probably more around 3.3X EV to EBITDA, At the top end of debt which I take it you are using we will be around 4.4X EV to EBITDA. In 2025 expected to be 1.29 X EV to EBITDA.

Mr Long,

Or 1.5 X revenue at the time of take over, with clients such as Amazon, Google and Netflix I don't think that sounds expensive. Moreover SFOR market cap is currently only around 2 X forecasted EBITDA.

Petevid,

Correct although there were other bidders Sorrel had to fend off. Good job there was no earn out deal as I believe Adam and Eve founders have just shared a further £110m between them years after being acquired by Omnicom !

'S4 Capital will announce tomorrow it has struck a cash and shares deal to buy MediaMonks, after outbidding rivals WPP, Accenture and Inflexion.

Although it will not disclose how much it has agreed to pay for the Dutch advertising company, whose clients include Lego, Adidas and Google, its offer was thought to be in the region of €300m (£266m), whereas other parties had lodged bids between €200m and €250m.'

From Bloomberg

As Germany struggles for a path toward net zero, deepening cracks among its storied industrial leaders are starting to show. Siemens Energy AG pledged additional cost cuts on Tuesday after multiple shocks related to its wind turbine unit wiped billions of euros off its market value. Car-parts makers including Continental AG are cutting thousands of jobs to reduce costs as the industry transitions to EVs. Thyssenkrupp AG has so far failed to find a buyer for its steel business that’s draining the company’s cash balance.

Last week’s ruling cast doubt on Germany’s entire financing plans, and senior officials have canceled some public appearances to deal with the upheaval. Germany’s DAX index is little changed since the government announced the spending freeze on Monday.

Voiceofreason1,

I agree with your comments accept on Enterprise Value to production metric I think Harbour is valued at approx half Enquest per Barrel or BOEPD

Bacchussll,

Its near impossible to tell if it were a buy or sell as 'off book' order.

FWIW I actually think it probably was a buy, I think Astaris are probably continuing to take profits whilst other shorters are ( were ) taking up the slack. I guess when they stop we should bounce.

Pokerchips,

You are correct the 870k trade was 'off book'

https://www.londonstockexchange.com/stock/PFC/petrofac-limited/trade-recap

A4lx,

In the case of a fully underwritten rights issue, it would be quite easy for shorters to get wind of the price as the underwriters would be trying to sell the new stock to institutions.

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

Stevo12,

Absolutely agree, but why wouldn't Harbour be able to pay off our debt and refinance it at a lower rate ?

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.

Al4x,

Do we know what is happening with Asfari's shares. Did he use them as collateral for his new venture and they could be being used for shorts ?

Wildtiger,

I was thinking the same thing, a great contrarian indicator and potentially a sign of capitulation.

It does look a lot like P.I.s ( and tracker funds ) selling out to specialist US value / growth funds.

Nige Co,

Did you spot this very later trade 7.39 pm WTF ?

21-Nov-23 19:39:45 51.70 837,146 Unknown* 0.00 70.00 432.80k O

BrokeNSmoke,

Any ISA's paying well over 200% for 2 year fixed ?

Mrc,

We have a Cobas asset management up 9.4million shares in October showing on morningstar

www morningstar com/stocks/xlon/enq/ownership

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 ?