Member Info for Gazelleman

Looking better after 4pm. Lots of buys - dare I suggest news is on its way tomorrow?

Interesting points. This would make for another most entertaining AGM in June don't you think?

Unbelievable news. Maybe there's more in this than 32.5p. Don't SELL...

Regarding this thread on any potential sale, anyone interested could learn from Wentworth Resources (WEN) who have recommended a sale to Mauriel & Prom in December cash offer at 32.5p per share (from 25p on date the RNS was released). The interesting part is happening now that the Shareholders have voted, and is still likely to take 3-6 months under takeover panel rules. Head over to the website and watch the CEO explain the transaction. The "long stop" date on this WEN Transaction is 31 December 2023, (12 months) however the operations are abroad and require Government approval. So, my guess would be any takeover would require months, maybe Quarters!

No 1 for me

The main message was relayed back in the Crystal Amber RNS of 11 November 22. So, I am not expecting anything in February 2023. This, I assume is Q4 2022 to 31st March isn't it?
This stated:
"In the Hurricane Announcement, the Hurricane Board stated that in the event that the formal sale process does NOT result in a transaction, it intends to commence a significant capital return programme with UP TO $70 million (equivalent to 3.1p per Hurricane share at CURRENT exchange rates) to be returned to shareholders in Q1 2023, upon completion of a capital reduction by Hurricane which would require the approval of Hurricane shareholders and confirmation by the High Court of Justice in England and Wales"

So, the Scheme document is now published and votes are ready for the Court Meeting in February. Reading the document, it says that 2/3 shareholders votes are required to sanction the acquisition. If successful Wentworth will delist from AIM 21 days after the Court Meeting. What's the view on here? Is this a done deal?

oj - you can select % day gain/loss &/or day price change within the Column Configurator which is configured by clicking on the 3 dots next to Group by:

Yes you are right. Phil Corbett Investor Relations at Jadestone Energy. My memory is terrible.

Someone else on here rang him up & he hung up on them. I think it was around the time of last years AGM when everything was coming to the boil. Looks like I can't find the company name. Seems he's lobbying for british farmers now..

Didn't Stobie turn up at another company last year & Sense rang him up on his mobile number? I can't recall the company name, but I checked out the website at the time.

another classic is "i'm balls deep in this one" ...not very pc though..

Good to know SteveY1. I was following ALM only because of CA requisition to kick out the chair. It was pretty aggressive in the end but I didn’t have the metal to buy in as I couldn’t follow what was going on but thanks for help. There are parallels here of a sort. Good luck all!

Interesting post Sense. Relating to the CA fund portfolio, I was following their approach with Allied Minds as the share slid back to the 10p mark. There are some parallels with what CA did with Allied Minds to get rid of Bruce Failing and now what they are doing with Maris and Chaffe. In the end Allied Minds went private, as you say, but what did the shareholders get? I was concerned they ended up with zip. Their board was pulled back in November, and the CA fund page is not up to the minute with their final outcome. Any ideas?

Thanks flyingpie for the advice. I have done a bed/ISA transaction today which went in after 1pm and has just gone through and I can report that the 199585 sell at 1449 is actually a buy which keeps all my hur shares in my ISA. I only lost 415 shares due to a narrow spread - I think I was lucky today - Now bring it on...(whatever it will be)

Can I ask a really obv. question which relates to the potential divi return in Q1 (3.1p as RNS'd) & tax implications. So, anyone owning greater than 65,000 shares will benefit from a dividend return over greater than HMRCs threshold for income tax unless they have the shares in a ISA or some other tax exempt facility. I only ask as I am fairly dumb in that most of my shareholding is outside my ISA at this moment in time. I was waiting for someone else to ask this before me. ta gazelle

Those figures will be a lot higher by Q2 2023, & we wont be getting our full year end DIV. So not a great deal really is it?

Just noted our thread last night entitled What-The something or other has disappeared. It was only a thread on the SP pattern after 4:20 yesterday which appears to have continued today. I thought the price was being held tight at 7.9p but appears to have moved a little south today. Not much volume - thoughts.

regarding dividend reinvestment with WEN. I asked my broker ii why I can't reinvest automatically and this was the reply.

"I can advise that the decision as to which stocks are available for dividend reinvestment is a business decision. I have asked our Global Trading team that make this decision and they have advised that this stock is a Market Maker stock and not Order book stock and is therefore, less liquid"

Last November 18th Abingdon released their final results. Also, the AGM is also due before year end isn't it?
Maybe someone got a sniff of what is coming in next few days?