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Is anyone else getting extremely frustrated at these cowboys in India ? All the necessary paperwork submitted and filed and still we wait and wait and wait .. think this BOD need to grow a set ….
I was referring to the deadline as per terms of payment from GOL.
Anyone else know what it is ? Think we need to reinstate legal process if this date is breached and go for the full arbitration amount and seize every Indian asset on the planet !
Why ?
What’s everyone thoughts on this ? Would this happen more likely when confirmation of monies received from GOL?
So I guess the price of cairn will bob around £2-£2.10 - support is £2 as buy back kicks in . My guess tender offer is £2.10-£2.30 and no more unless someone can convince me otherwise ?
Market is happy to take them.... interesting, ready for the spike everyone?
What's happened - NO RNS re buy backs last few sessions? What's going on? Takeover in the background being discussed to reserve cash?
20-45 days is the timeframe which a refund payment will be made to those companies that make a successful claim. If Cairn let this period pass then I think the lot of them should be sacked. We have taken less than arbitration award so we at least need to expect payment within the terms.
Tender price is always higher not mid price.
Tender offer is always higher that current share price. When it drops this will explode as shares wont be cheap to buy.
Maybe the refund is closer than we think? Is it going to explode today ?
Obviously the 497 million shares may be lower with the current buy back as well so it may be slightly more than 74p. I personally see a price of around 235-240p when the Indian money arrives but this is pure speculation.
The dividend is $500 million not pounds
I’m happy that things are now in the final stages. I’m happy for cairn to buy and cancel shares as cheap as they are now. Roll on the special dividend . Rome wasn’t built in a day
What absolute tripe. Money should be transferred within the 30 days no ifs no buts. Otherwise we will send in the cowboys.
I’m a strong buyer in this company but If this information is to be believed why aren’t we seeing an RNS from the company and keeping us shareholders informed of the developments ?