Member Info for Discodave4561

romaron
I posted “Given that AB plus Double A only have about 20%” which is correct and Double A is not the largest. IMO the foundation would support AB making 20% that’s all I was saying so we may just have to agree to disagree.
I do agree however that talk of being taken private is mischief making as you say.
All the best.

Romaron,
You are correct, never said otherwise, you just didn’t read my 19:52 post correctly and are you saying Double A would not agree or vote favourably for AB?. Irrespective of this my point was that talk of AB taking this private is complete nonsense IMO as he would have to get 66% of the shareholders to agree to his offer.

gkb-wouldn’t lose any sleep, respect your knowledge but wind up or not I do believe it’s fundamentally wrong to post up such things on here, sorry but if you are invested why post up rubbish that would / could deter pi’s from investing here, makes no sense to me.
Anyway, enough of this and all the best for Thurs.

DD

Sorry, first part of my last post was to Romaron, no offence intended either :)

DD

You are correct, AB has 10.5%, but i poster AB plus Double A have about 20%.

gkb - 50% isn’t enough to tender an offer, needs 66%, so he’s got to buy another £306m of shares without driving the price up too much (pmsl), then you say he’s got to short it to drive the price down, jeez I’ve heard it all now!.

Nice one.
Itsa troll has been in my cage for years.....a blatant position poster, which in my view are the worst kind of troll.

You’ve lost me :)
He would have to get 66% of the shareholders to agree to his offer if he did tender an offer, but he wouldn’t be buying shares holding up the price if that is his intention, just let it tank, down-talk future prospects and emphasise nothing but negatives to drive the sp lower, but that’s not what he has been doing, quite the opposite.........so all this talk of AB taking this private is nonsense IMO.

Unless I’m mistaken to take this private would need two-thirds of the shareholders to agree to whatever was offered by whom. Given that AB plus Double A only have about 20% then unless the offer were at a decent premium then it’s not likely to happen is it.
AB knows the true value and is just doing what anybody else would do, buying shares when they are cheap. I’m certain if he wanted the SP to go even lower, to put a tender offer in himself, why the chuffing hell spend c £2m on shares which actually has held the SP up.

DD

Why is this more than half the value of PMO when prod is only forecast to be 15% less and we have less debt?, crazy, know there’s more to it but no amount of forensic accounting justifies such a difference.

FEEDING THE FXXXXXG TROLL, JEEZ, My cage is rammed full now chaps!! , our sad troll will get bored and move on if folks stop engaging with it.

Thanks
DD

Sorry, Dodger in the cage you go. Now you can talk with scumbags all you like.
Prefer to read “this message is filtered” than crap,

DD

From Interims:
Planned well abandonments continue to be successfully executed in line with the Group's asset life extension strategy. Strong operational execution and cost control has allowed the Group to increase the 2019 abandonment project scope from five to nine wells while expecting to remain within the original budget.

Hi Jan
Number of trolling posts is usually directly proportional to the fear and panic.......oh well, what goes around comes around.
All the best

Can anybody smell something burning?

Hi Jan, good to see you back and hope all is well.
You are spot on about our current resident troll, soon disappear and wind up some other unfortunate folks. Seems like a village somewhere is missing one of its key residents!.
All the best.

Krakenoil, don’t worry, you will be meeting up with your pal in the cage.
Filtered

There were posts during the week that seemed to suggest that IFRS 16 had lowered the debt to EBITDA ratio, but recognising assets and operational lease obligations on the balance sheet would also increase the level of net debt, wouldn’t it ?, so the increase in EBITDA and debt due to IFRS16 could cancel each other out? (no accountant so don’t know - sure some will know and correct me if wrong!).

very true.........but folks always seem to keep feeding them, just filter and ignore, they soon crawl back to their stones.

Think I need to make the old sign outside my cage a bit bigger......”Please do not feed the trolls....by order of the management”.

Thanks

You have posted nothing but negatives..........so TLW and PMO have no debt?, are generating more fcf? and deserve to have a higher rating and sp?.
My guess is you don't hold here as have already clearly stated your intent, Bye.

All the best for tomorrow to all holders.
DD
ps a teachable spirit and a humbleness to admit your ignorance or your mistakes will save you a lot of pain and money!