Member Info for Gazelleman

You want a worked example: I just did one on a scrap piece of paper as it happens.
Selling now at 7.5p would give you £7500 (100k shares). You can then walk away and buy BP. or whatever you like.
The deal may give you +6.02p 14 days after the deal (£6002), and then as I work it out and according to last nights slide show: 0.27p in 23; 1.21p in 24; 1.13p in 25 and 0.35p per share based on Lancaster performance alone (total 2.96p dividends taking your investment to a 8.98p by end-2026 - so £8980 or 19% increase in 3.5 years however with the PRAX offer of an additional 17.5% if/when they do a takeover or M&A etc we are told that this could be as high as 12.5p in total which would be a total of 6.48p dividend by end-2026 which would be £12,500 back to you so you may get an additional £5k by 2026 which is 66% return on todays bid price.
What we don't have any clue about is Lancaster and Takeover deals that PRAX have. Simples!

For me, you can bail now and get 7.5p then go elsewhere until 2026. (Maybe I go over to GEM for a 20% DIV) for example.
If you stay you will get 6.02p within 14 days of the resolution, and 6-monthly dividends until 2026. We are unclear at this stage whether DCUs can be held in ISAs, or SIPPs because the BOD and PRAX forgot to consider PIs when stitching up the deal. For me its purely the tie-up because the DCUs will be non-tradable (or maybe they will - another loose end to try and get clarity on).

Yeah I clocked that but the RNS says 2.295p per share next week for final which is 12.75%. Might get some.

Not invested here, but I may do after reading a recommendation from a dutch investment fund Q1 report who has been buying up your stock - take a read for yourelf.
https://www.ovmk.nl/kwartaalver****en

Their Quarterly report for Q1 is now in English. Worth a read. No mention of HUR in this Quarter report, but they have tips on Gemfields with a 12% dividend, and another share. They are going for clear dividend yield investment. So, will be a Yes vote, no doubt. (might look over to GEM) ;-)

The recent up lift in the SP to 31.5p on the Ask suggests sooner rather than later. My guess is May/June 2023.

Very well done. Hats off to you guys for attending and organising the questions session. On the face of the video footage which I have watched once, Maris & Chaffe looked a little uncomfortable in the room, and the Prax bloke just looked plain uninterested, and unimpressive. If I was to invest in this company based on current BOD, then I would pass. (Have to say that is probs only video footage of a Maris I have seen in all last few years.
I am sitting on the fence with my investment here. I may decide to bail before the DCU thingy is formalised. Clearly introducing DCU 1 DCU 2 into the equation at this late stage appears to be last ditch attempt to appease PIs. Pretty confusing stuff, and clearly HUR cannot give advice which was a standard response. Oh how they are looking for the big pay day along with Stifel and Dentons.

The share price is going up today. I wonder why as they all look like sells this afternoon. Was pondering the fact that at 7.6p to sell is not too bad as a risk reduction exercise, because we are only going to get back 8.98p IF Lancaster only pays out, and we will need to sit tight until 2026. Part of me thought about de-risking and moving some elsewhere. Someone is buying off the book. RNS tomorrow will confirm.

YES - all their purchases have been recent - tracked by this Thread.

OVMK have now published their Q1 report but the bad news is that its in flemish. There isn't an English translation. I have skimmed it but cant see any reference to HUR specifically. There is a paragraph about O&G stock, and income, but that it all I can see. Doesn't help understand their policy here. Anyone read flemish?

Q 18:
Prax has stated it intends to retain the members of the management team. The Executive
Directors have agreed to stand down from the Board from the Effective Date and any new
roles in the organisation will be discussed then.

"Added another 500k, bringing their holding up to 22m.
I wonder what way they're gonna vote?"

I would guess they will vote Yes because their investment policy is "value investing" according to their website: there are 3 conditions for investment and the 3rd says "generate annual income" in the form of a dividend or interest.
We will need to wait to read their Q1 2023 report to verify their thinking, but it looks to me that they reckon they will get payback over time.

Thanks for the clarification on Allied Minds. However, as I recall (and I am not a shareholder) before the shares were delisted (and went private) there was an offer of future dividends wasn't there? I'm only highlighting this, as Crystal Ambers objective is a wind up by 2024 and I suppose all these deals including the HUR one, needs to fit with what their winding-up objective is.

Yes indeed, and they also did same at Allied Minds in Dec 2021, and succeeded in removing CEO Bruce Failing. That company has gone private with DCUs come to think of it.

This is optimistic. I see that their investment principle is based on value investing with known dividends. Seems they like the arrangement?
Also we’re invested in WEN due to 7% dividends.
Presumably they will be voting Yes for the future dividends?

"After a lot of due diligence and talking to RB at length I will be accepting the deal. 12.5p rather than 7p/8p max"

We have been over this last week, but you will only ever get a max 8.98p if HUR make no further acquisitions. If they do & you get the 17.5% net revenue (which is a bit of a stretch) you may get 12.5p which is the upper capped maximum.

Sounds like a crap deal. Especially as the share has been delisted. I'd rather it remain listed, and I take my 8.17p which Marris has calculated conservatively, and be allowed to track Brent oil price into 2024.

Good news. This is a dutch investment company who are clearly looking for a quick profit, or are acting on behalf of a client. Seems to have pushed the bid up this morning. Like Senseman said last week, I'm still not certain this will go through. It's not over until its over..

I'm tempted to dump the lot and stick it all on Chariot.

I wouldn’t be surprised if this gets walked down to 6.02p over next few weeks.

Sense man. Good to have you back in here posting. In answer to your question, and I’m not speaking for others, but my broker (ii) doesn’t know the answer to the DCU Question yet. Does it matter if your units are in a ISA or SIPP. This is a detail really. Most on here are more concerned with the vote, which leads me to the next point: the spreadsheet has progressed well over last 2 days and from the spreadsheet you can see who are the large holders. Some on the sheet have millions of shares, and you probably met them last year at the AGM.
I thought you had sold, only because you have removed your shareholding from the spreadsheet which suggested you had gone to zero.