Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I hold shares in my pension and also with iweb and there votes must be in today and then have some with bestinvest which vote must be in by the 17th . I am holding and hoping that Delek do not get the 50% and come back with revised bid i hold a total of 249,536 shares. Even if Delek do get the 50% i am lead to believe we get another ten days to accept this so can have another think about the position at that time.
I hold shares through SIPP and also ISA and contacted IWEB and Bestinvest today and they stated that you have to register interest to use voting rights etc with them for all shares which i did today so i will have to wait and see if i have done this in time. It should be noted that i will not be accepting current offer but wanted ducks in a row should future offer be better.
What date are the actual offer documents to be supplied?
Malcy Blog Ithaca- Alert, being sold out on the cheap… Along the same sort of lines, Ithaca has announced that the Stella Field has started up production albeit some time after the market had expected. Having said that, the news will be exceptionally good for the company as revenues will start to flow and debt can be paid down. I’m sure that this is what Delek thought when it bid for the company at a modest, nay measly, 11% premium last month. Despite it being the star performer in the 2016 bucket list, as soon as the good times are in sight and meaningful rewards are offered, management and shareholders jump ship at the first sign of men from the east bearing gifts. I would like to think that those in decision making positions whether they be institutional or retail would think twice before selling out like the management have done, after all Ithaca is the original wallet warmer…
foresight it is actually from Ithaca website http://www.ithacaenergy.com/investor-relations/shareholder-information i just converted back to percentages against share holdings.
Foresight thanks for information regrading shares changing hands probably most people already are aware but i have listed below the list of Institutional investors and there share percentage the main point is that only 25% is held by other institutional not counting Delek. Delek = 19.84%, Axa = 7.78%, Blackrock = 4.09%, Cavendish = 3.22%, Artemis = 2.83%, Invesco = 2.81%, Thompson, Siegel & Walmsley = 2.64%, Aviva = 1.48%, Majedie = 0.15% Total Institutional Not Counting Delek = 25.01%
OK well we see the RNS was not written to benefit share holders and they have now stated no more news till end March which is a fine coincidence! But on to the big questions how we all go forward and get the true benefit i am trying to work out what way this will play out in the long game? Ever ones insight an feeling would be greatly appreciated as we are mostly all in the same boat. 1/ Delek fail to get the 51% controlling share (which i hope) but then what happens will they come back with higher bid or be happy to have picked up a large quantity of shares at sub £1.2 with people bailing out? 2/ Delek get the 51% controlling share but people like my self and the majority of people here still hold our shares were do we think share price is going its a hard one to know as peoples confidence in BOD is not there anymore. This is the one i am really interested to here peoples thought. Thanks again everyone
Has anyone got any information from being out on platform in surrounding area etc if there is any sign of flare starting yet or if Scott Spirit the tanker which looked to be heading to Stella last week has been connected up yet?
I have 250,000 shares and i am holding