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I am delighted to read these results and surely we must re rate significantly higher. Block buster. Orders growth of 18%

Yeah we could have done with todays market bounce tomorrow. I agree I think we will get positive numbers . Any sign growth is beyond 4.5 % is key . Let’s go spirent time to re rate

Crazy price and the situation is a farce . On a positive note Barclays have kept there 245 p overweight price target after yesterdays update. Long way to go until the start of April and we have surely got to be higher . Interesting to see the outcome of the GM later this month.

Yeah the board know that unless the SP is north of 210-220 range then they might as well not bother going ahead with the TO . MM s will be all over the cash in bank and asset value . No chance this will work . Turning rapidly into a farce

Well said Ant . At literally cash in the bank price and zero price on anything else who would possibly tender there shares at this joke price. I thought 230-240 but after today that is a pipe dream. Cairn can’t hit a barn door with the drill pipe and even managed a duster in Egypt where you can find oil with a bucket and spade.

200 p is the floor Fred so I would consider this to be as low as it will go . Therefore we should get a small percentage on the TO price. The reason for me calling 200 p the floor is the company will re start buying the second it drops below200p. Sad times when we are in an oil and gas boom and this happens. Farcical management

The markets thoughts on Cairn and the board are evident . 3 costly dusters in a row and a clear lack of guidance mean we are sitting at almost cash value. At least we will get propped up at 200 p when they start buying again . That is another farce to add to the list .

They can’t hit a barn door with the drill tip . 3 big dusters in a row. Unbelievable cash in bank to market cap . Mixed

Big day tomorrow cash in bank and expenditure will be laid out in black and white. I hope Egypt still going well and production still expecting to top the range. Tomorrow is massive in the context of where this will sit and the tender offer will be.

Not the reaction or result we were looking for however full year results tomorrow which I am very optimistic about. The tender offer price VWAP does not get set today Ant unless I am missing something ???

Egypt is key and convincing the market there is upside especially on the liquids side. It was heavily hinted in the Jan update that was the case let’s hope this trend has continued .

Well said Whitehat… cash on books is crazy and well documented and hence why the the TO has to sit surely above 230 or Egypt and everything else has been valued at almost zero . Last broker report I read on Egypt was 66 p but for me that has since increased with production increase and forecast . Even taking a 20% discount into account we are still comfortable above todays SP

stanleyPro I hope you are right . Jaws news due very soon and also any increase on the full year guidance or production increase will also be very well received . My honest thoughts are without the Russia mess and sky high oil price this was pretty much going to be the tender price .

Not long until we find out the tender price . I am leaning towards 230 - 240 max . In these crazy market times not a bad place to be invested .

Massive dump right on 1330 . Not to sure what to make of today , crazy price drop for a 12 day results delay which we were told they are on track . On the other hand a bit concerned it started the day with a push to 478 and then dropped to 404 . Strange to say the least

SMS would hardly be singing from the roof tops to join Wall street and get a better valuation if they were nothing short of outstanding .

Results not far away and lots of positives to look forward to . I expect a big bounce back above 500 p very shortly . Crazily oversold

Well said and I agree with your point about position of strength and the up coming numbers. SMS is way too smart to have made these comments a few weeks before the results if they were not outstanding .

I agree folks this is a solid robust company but sadly un loved at the moment . I really can’t see it going much lower and the March 20 low is surely not going to be breached . Tech sell off will turn and this will fly when it does

Over 50 p in divi due in the next few weeks . I can’t see much lower than this as the bottom and I can’t believe we will be below 13 this time next week .