Member Info for Davius

Share price is now 5-8p, equivalent to a close yesterday of 38-41p. They still have a couple of million left in cash, plus the 1m+ ounce gold mine (no firm plans yet as to how this will be developed) and have indicated a further capital repayment possible at some future time. So whether to just take the profit now and walk away, await developments or add. With the capital repayment my shares are now all but free (1.6p each) so I suspect I'll probably leave them and see what ideas the board can come up with to move the gold mine development forward.

It's impossible to say with any degree of certainty. They will be left with around 4p per share in cash, plus additional receivables and the mining assets. I've gone for a small top up today and my average price is now 34.8p. I just can't see how they will trade below 5-6p and would expect 10p+ as probable. I'm just a little surprised that more private investors haven't bought in here. Perhaps it's the aversion to risk (albeit minimal here) in the current financial climate. I still rate these a buy up to 40p at least.

The update release an hour ago has resulted in a fairly small uplift in the share price. I find this a little surprising since they've effectively given a heads up on the results, due on the 12th March, over a week early. The headline statement is encouraging: - Company's full year 2008 results meet or exceed high end of revenue and production output guidance and the release goes on to reveal net quarter revenues and output. But perhaps even more important, Renesola have finally managed to offer some guidance for 2009 (which has been lacking for some time): 2009 Outlook - ReneSola estimates net revenues for 2009 to be in the range of US$650 million to US$700 million and full year production output of between 620 MW to 670 MW. The Company expects to achieve wafer manufacturing capacity of 825 MW by July 2009. I'm a buyer this afternoon.

The RNS clearly states that they have a current cash pile of £18m and will be repaying £16m. However, with plenty of other assets and receivables they certainly have far more than a 33p per share net asset value. Don't expect to get your 33p and the shares remain priced at that level. The share price will fall, though clearly not by the same amount. RPL recently made a cash repayment of 10p per share. They rose ahead of the deadline, from sub 10p to 17p. They now trade at 8p. Were Aurum to follow the pattern I would expect the share price to increase, perhaps into the mid 40s (perhaps higher) prior to the deadline, and then fall off when the 33p is handed out. The real issue is how much the company is worth if £16m is cash is removed from the coffers. That's a little harder to estimate, but certainly well north of 0p. Regarding whether the shareholders will go for this, well it seems highly likely. Extracting the cash will not leave the company destitute, and effectively offers a free run from the current share price. RPL had no problems getting their cash payment agreed. Lots of small buys this morning. I think the PI community have this on their radar, but the big boys remain oblivious. Share price creeping up, but still a good deal at 34.5p.

RNS out at 7am sharp, although the takeover figure is below the 1290p previously discussed: Imperial Energy confirms that it is in the course of finalising the terms of a possible recommended pre-conditional cash offer with ONGC Videsh Limited ("OVL") of 1,250 pence per Imperial share to be made by Jarpeno Limited (a wholly-owned subsidiary of OVL), which would value its entire issued and to be issued ordinary share capital at approximately £1.4 billion. This announcement does not amount to an offer under Rule 2.5 of the City Code. A further announcement is expected later today.

"We are waiting for it. We have submitted the bid. Our bid is very competitive ... it will take 2-3 days, maybe next week you will hear something," the official, who did not want to be identified, told reporters. The Business Standard reported that an initial bid of 1290p had been submitted but that the bid could be raised to as high as $3.5bn if competition hotted up. At $1.86 to the pound that equates to £1.88bn, or £18.39 per share.

Plenty of speculation as to what will happen to Imperial. Latest reports from India suggest that ONGC will table their 1290p offer next week but are prepared to go to 1500p per share if a counter offer appears. Sinopec of China remain a serious competitor but it is thought that ONGC have Russian government approval for the takeover. The shares have been rising yet remain below the 1290p suggested opening bid price, now at 1228p. Personally I'm hoping for a fairly swift resolution to this to release funds for other prospects, but for now this has to be worth holding on the prospect of a possible bidding war (which could yet include KNOC of Korea).

Some reports in the weekend press of another interested party, this time from China, have pushed the shares on strongly this morning. There are suggestions that the Russians may not like Imperial being bought out by an Indian or Chinese firm and that a competing Russian outfit may join the party. Personally I can't see much difference between a London listed Imperial controlling the assets, or that of an Indian or Chinese company, but it's possible that the objection may be the state backing of the latter outfit. Whatever, it's all good for the share price and despite an 80p rise this morning we're still languishing well below the initial suggested offer price of 1290p. One suspects that the final take out price would be higher still so plenty of room for a further gains.

A couple of web sites ran a press report mentioning the takeover bid, suggesting it would be for around $2.5bn and that due dilligence was going well and is expected to conclude in a couple of weeks. The muted 1290p offer is still well above the current share price, despite yesterdays jump and the further rise this morning. My buy at the 930p level is going well, but a bit early yet to take profits. Imperial could be producing 70000bopd by 2011 and with a potential 90m barrels in the ground they have a much higher worth than 1290p per share. Definitely a possibility of a counter bid, should the current offer become formal (though of course, downside risk if the bidder walks away).

It's a consolidation, 1 for 10. The shares have fallen today and are now well below the effecitve placing price of 50p per share (consolidated, 5p per share equivalent before consolidation).

I don't tend to comment on shares in which I have no interest and am not watching. But I would say that the fact a share price is at the top of the risers board is no reason to purchase. The company has stated it knows of no reason for the rise, volume is pittiful, the spread very wide and it's an MM controlled stock so they decide on the price. Just 16 trades today for a tiny 234K shares, about £7K worth. Normal market size is 500 shares, £15 worth. There really is little money to be made unless they ten fold. 2.5-3p with MMs trading at 2.75-3p. Anyone in first thing could just about get out with a tiny profit after costs. Just an opinion, DYOR, etc.

They will be getting a payment to enable them to pay off Gyllenhammar, settle deferred directors salaries and leave them with £700K cash. Market cap a lowly £1m. Worth a look.

I don't think they'll be a bid, but a tie up with another company appears to be all but a done deal. We should be hearing the outcome any day now, Henry Birch was reported as saying "Investors and the Markets will be pleased" with the outcome, or something similar. The share price has recovered steadily from lows and the recent update indicated that the third quarter performance had moved into profit. We've heard it all before of course, a year ago the shares rose strongly on an apparent turnaround in it's fortunes, only to be completely derailed by the Champions League Final result. But things do look like they've moved on this time round, despite the lack of progress in Romania. On a medium to long term view we should be looking at 20p plus, but a lot depends (in the short term at least) on the tie up and the results, which are due later this month.

There's been a spate of small buys, 22 trades today and only 67K shares but all buys and it has moved the share price up 1.5p. That's the most action this stock has seen in a while. No RNS out yet, perhaps there's someone around wanting to pick up stock and having trouble finding volume. Tavekover talks have been ongoing for some time though, so there could be news due soon.

I've been in these for over a year and the SP performance has been aweful. However once we appeared to have hit the bottom I did average down so am now looking for 12.36p to break even. Just a hint that may arrive soon. Although with my current holding I'd need more like 30p to get back previous losses from when I held the shares before they bombed! There's a poster on advfn who has been building up a significant stake (over 3%) which has clearly helped. The recent trading update suggested they swung to profit in the 3rd quarter and ongoing talks are due to conclude in the next week or two. With the preliminaries due towards the end of the month as well there are good prospects for the share price in the short to medium term. And no doubt the Arsenal result last night will have helped, the company making it's money primarily from Italian betting.

There are a whole lot of options exercisable on this company which could raise the shares in issue to over 500m. The $400m then equates to rather less per share than might at first appear, although the exercising of options would put more cash into the business. There's also the (unquantified) risk that the deal doesn't go ahead. A poster on advfn has suggested the deal to be worth 40p a share if all options are exercised, back of an envelope figures come out around 45p for me. Some upside still possible, but as cecky suggests, we should have been here last week.

A poster on advfn put up an email he said he'd received from Henry Birch. It included the following statement: "Given that an announcement should be imminent, I can’t comment on specifics other than to say that I am confident that the deal will be very well received by the market and shareholders alike." LNG have been in negotiations for some months and we've been awaiting an outcome for a lot longer than was originally envisaged. If the email is to be believed it looks like the wait is almost over. Although I remain a holder of fairly long standing, the share price remains barely off 12 month lows so I would not recommend as a buy at the current time. There are plenty of speculators around that "buy on rumour and sell on fact" though, they might be interested in taking a look.

Mid 480s good enough for me, just closed out my day trade for 4% after costs. Good luck computer_bits, may join you again if they retrace.

I missed the early lows, but opted for a day trade at 457p. The shares have just gone into auction at 483p following a strong rise in the last few minutes.

3.35% of the company just changed hands in two 1.905m buys at 19p. Still no sign of any firm offer yet but the shares have started to pick up a little in recent days.