Member Info for FunkySausage

Whats with all the negative waves man

Kelly's heroes

The problem is that if the RI doesn't get taken up then we default on our debt repayments and the company goes to the bond holders, investors would likley end up with about 1%

So we have a RPG pointed at our heads or we get chucked under a freight train

Morning guvnordave

IG index, but is a little dangerous, if you drop by 20% u lose your stake, is hard work but worth it if u can manage it, maybe look into Ig academy for basic lessons, its a dangerous game, but atkeast you can only lose your stake, you can leverage up 80% more on your deposit and keep leveraging if you are in profit, can be a bit scary Dave, not for the fainthearted

GreenKitty

Looks about 12 -15 p, 15p at best imo

Too many shares imo for it to be a little cut in price, the RI will isnset to be huge, for it to be a success and the underwriters to be able to sell it will be at a huge discount

Goodman

The new shares haven't even been priced, ket alone priced in yet.

Yesterday's reaction was just the start here, considering hownmany shares and the target price not being set, this leaves PMO wide open for crazy swings, this will only start to rise again on a solid footing once all the new shares have been placed and sold into the market. If they don't price them soon, then expect a massive drop on the next announcement regarding price and issue

With the end of September the due date for monies to BP, it looks to me that we will be going through the process soon enough, time is ticking, Bank Holiday at the end of the month also, I would expect the RI to happen within days, no more than 2 weeks imo

https://www.ft.com/content/612c86da-ad38-4882-9e75-be08e5ec3913

I thought it would be easier for you to understand,

So you gonna short it ?

Only way this is going is down, RI price and some, good luck if you pile in now, which would only be suicide, why not wait out the slaughter and pick twice as many shares,.or is buying for twice the price a good strategy for u ?

More Jam tommorow ? Here it every share, what was it they made ? 25 mill ? That isnt going far mate, we can speculate all we want over years to come, current crisis is how-to handle damage limitations, has it ever occurred to you that if you sell at 50p and the SP halves on dilution, if you manage to exit And re enter, not only do you not lose half your money, you actually double your holding for free, it saves a fortune in the long run

It will weigh on her, Zama was meant to pay off a good chunk of debt, maybe why the conversion now to supplement the loss, I dont see this recovering to the 30p mark for a long time, unless a war kicks up, oil won't really pick up until min Easter/Spring which will leave her with small margins, never been cheap to actually sell oil, all chips away profit, so for me its a 12 month drag here imo

AL

I guess your holding for a rise to 50p, if you really think they were buys, well, if they were buys and not sells, do you really think we would be down 25% here ? Enlighten me with a dazzling experience, mesmerise me

Yea someone did say he posted in £ by mistake, it is misleading, but he did apologise.

This is only the first round of blood, the RI price needs to be set and even after that the overhang needs to be cleared by the underwriters, so as a guess this will most likly drop -20 - 30% below RI price on a generous prediction.

Imo she's now a dead duck, with interest payments so high, it will be tough over the next 12 months. Problem is now, even if she gets through covid with no oil sell offs and the green shoots start to appear at best, next spring, the debt to share conversion has a 12 month lock on it, so in 22 months this will be flooded with as many shares as they have converted, there shares will be at equity raise price, meaning if shes gone up much they have a huge incentive to dump the lot on the market, again depressing the SP

The whole raise needs to be taken in its full context, the shares will dilute the register and the price will respond accordingly, its going to be a lot of shares to digest here, will take a week or 2

only in a fire sale, to much debt to be bought

The extra 95 million will be shares sold into the market by the under writers

No all of it is equity, reducing some debt but giving up shares in the process lpus our bit on top

No all of it is equity, reducing some debt but giving up shares in the process lpus our bit on top

Kenni

Your kissing the rest because thats for the senior SHs, dwbt to equity conversion total raise $530mill = lots of shares

An equity raise of $230 million to fund the proposed BP Acquisitions as previously disclosed and to pay transaction costs



§ A further $300 million of new equity concurrently raised to reduce debt of which $205 million will be underwritten by Premier's senior creditors who would convert existing debt into equity to the extent that the $300 million is not raised from existing shareholders in a pre-emptive offer or from new investors

Lenin

How much does it cost em to sell the oil ?

I think everything is struggling today, Trump tweeted and spoke to the media about China

Dave

Spend a couple of hours going through the presentations and the RNS for the last year or 2, and the shareholder register

Watched her from the sidelines since birth )

Blue bots trying their hardest, after tommorow, she might climb a little and find a range, 50/50 on that scenario, either that or small drops daily, not much in way of support on the graphs but I'm no expert

The RI really needs to be dealt with quickly, better for the company and LTH