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Anyone got a view on why the sp behaves like this? Going down one day and up the next?,,, It seems there are no changes, so why doesn't it consolidate at a certain level and stays there and only move up or down if/when a company change occurs?
Trades are being done - Deep... there must be some other reason for not allowing you
Yes, Ports, I do agree with you. With HIG Is all about details now and I do feel very confident their offer will go ahead. They would have already sorted out the basic essentials they are after by now - likely even from BEFORE their DD started... HIG's proposed sp offer likely was meant to stave off competition... so it very much depends now about whether and if the competition is still sniffing around for their offer price to vary up or down
Ports,
being in the middle of carrying their due diligence wouldn't HIG know or anyway have a good idea about results before they're published?... I am not saying DX would provide them - but being in there and pottering around DX and chatting to this director and that manager while all the time stroking the company cat surely HIG would know much more the result than we'll ever do do prior to publishing
Negotiations go on all the time between parties willing to do so. There are informal and formal negotiations. But they go on all the time!... Formal negotiations seems to me obliges parties to inform their shareholders. But of course to get to formal state they have to go through the informal stage which we small pis don't and might never know of... All major shareholders negotiate INDIVIDUALLY according to their own interests and they have no obligation to inform anybody, not even the board. They will do so if and when it's convenient to them to. Gatemore might have had their own negotiations with HIG. So might have Dunn and others - well before the board itself ie DX started their informal negotiations with HIG and then reached a formal agreement which they made public... But they might have had informal negotiations (i feel sure they had/have) with several other potential buyers ...
Obviously we small pi's don't know what's going on behind closed doors. So whatever we say has to be counterbalanced by that. However the key seems to why HIG is buying. I can't see or imagine what HIG adding to DX and specifically improving on existent formidable DX's plans on growth and expansion and managing skills. It seems their buying is purely speculative. If that is the case a competitor is likely to emerge
Ports,
you can place yourself in Gatemore & Lloyd's camp but you're not in the same league as them... Try to calculate how much they are getting out of this - compared to you - and me. From my point of view DX promised much more than this offer - and it won't be easy to find a similar alternative
Well Ports - there are a lot of things going on we have no access to - like the preliminaries to this offer testify... How do we know what exactly prompted HIC to make the offer right now?... It might well be because of preventing somebody's else move... I feel strongly it could not have been only HIC loitering with intent, surely what HIC has seen in DX has been widely seen by others - so likely more surprises are coming - good ones for us.
I think the minimum offer should have been at least 60... I will not be surprised if we get another offer closer to it...
Oops... bard =board.... though = through
I think it's a weak offer... but if the bard recommends it to members I can see it going though without problems
Are they listed on any exchange?
Petroinvestor
why next tuesday?