Member Info for Gruyere

Chaarat are aiming for a reverse takeover because they don't have any money and it will likely be an all share affair. As they jump through the hoops to get that sorted there is not much chance of a bid for Shanta. In addition they can't hope to compete with a cash offer from Shadong or Yintai as announced recently so they've legged it and decided to stick with Armenia rather than attempt a new venture in Africa.
Just my take on it - and I have been very very wrong before!

'I only need another £1 and will be in profit :'

Make that £2 and I'll be even.

Lets hope your right. Capricorn influence might be questionable however, are they not merging with and not taking over New Med, cairn/capricorn holders will retain only 10% of the new, New Med.

Blimey a true psychic.

'Puzzling? Didn’t they just buy the shares from AXA.'

That's right - puzzling on Friday because that wasn't known - not puzzling today because the expected RNS's I mentioned have been issued.

Yes it is all very puzzling. I merely point to the data again today - 11m shares bought today ( ie 5% of Topps) nearly all in just 6 buys and a only couple of thousand sold. Price should be through the roof unless undeclared sellers. AND - who's bought them? I reckon there are a couple of RNS's due.

NoSweat, I could certainly do with a change of luck instead of bundling into takeover stocks that then have stalled ( eg Playtech) and catching a cold. Looking today its showing 2 million plus being bought at 47p against 50K sold - must mean something surely.

Well that's another jump in Galleon's holding to over 25% of Topps....and thus the share price moves upwards. Its still cheap in historical terms and as I understand it, at 30% a bid has to be made. So maybe, just maybe its a takeover target...nice to think so anyway.

Agree. Galleon has been adding to their holdings over the last 2 years and must be the largest holder now. Dare one hope that he may consider buying the company ?

I agree, the business has potential and not least because of its increasing importance in the South American and USA markets. Of course very very disappointed not to say poorer by the bid not materialising - but interesting they talk about supporting value for shareholders. Maybe some piecemeal sell off rather than the whole shebang will follow.
Who knows because I obviously don't!

Apologies if this has already been covered somewhere on here, but just wondering if anyone can enlighten me on the deferred shares of UJO. There does seem rather a lot at 800m - who owns them and what is their signifcance?
Thanks

First impressions - not good. Tullow has been loss making, has disputes with tax authorities but unlike Cairn its about the autorities demanding money - not Tullow getting any back. Capricorn has producing assets, cash in bank, contingent payments to come for years and leads in the North Sea. Yes there is potential in the Tullow portfolio but African Governments adherence to agreements doesn't inspire confidence. I will hang on a little to see how it plays out but for what its worth reckon I'll be voting against it.

I agree and very good if it happens - but the short position of Voleon has been steadily increasing in recent days, even as a share buy back is going on - so they obviously don't think its going anywhere soon.
I think significant success in drilling will be needed to shift the price.

'Fairly new into this stock. Can we expect the share price to remain lower or stagnate ....'
Who knows? That's the risk in investing in shares - two years ago these were 18p, 3 months ago mid 70's, now they're mid 50's. Why not mid 40's or 80's? Knowing when to buy is one thing - knowing when to take some profits is quite another.
They've had share buybacks before - and they've issued equity for purchases in the past. The share buybacks are welcome - but modest affairs, £3m won't make hug inroads into 350m shares in issue.
Basically - and this applies to all shares - you have to decide if its a business that's going to do well in a market which has a future and with a mangement who aren't fools or crooks.
In my opinion the management is sound - and people buy cars - so that's why I'm a long term holder of VTU.
You pays your money and hope for the best - no one on here has a crystal ball. Good luck with what you decide.

Well there must be something going on. They paused - without explanation - the share buyback on 11th March with only 31million spent from what was supposed to be a £75m buyback. Why would that be unless they were in some kind of deep trouble or more likely, a negotiation.

IF it carries on you will be right and if that's a good deal for people they should tender. However, for those who keep suggesting that a special divi will be paid without cost to them - the special divi comes with a further share consolidation. Either way the number of shares you have now will decrease - just saying.

Me! Fortunately I stopped at £5.20 and still have the shares......and scars.

I'm sitting on a fair loss and it would be a great comfort if only any of that dream came true.
However this board is crammed full of similar revelations from other visionaries who have been gifted with a glimpse of the future.
Yet the share has plumeted, the company has turnover but doesn't make a profit and the market have dumped it.
By the way, shouldn't you add the missing question marks to all those personal specualtions.

I don't think that two options are being put forward. There will be a share tender offer after which whatever funds remain will be paid as a special divi - to all those still holding shares - and there holding will in turn be consolidated.

There are contrasting opinions on here about the advantages of tendering shares or going for a special dividend.
My own take is that the choice lies in having a Capital Gain with the tender - or a taxable gain against income with a divi (outside of an isa -in both cases ).
Where there doesn't seem to be any choice as I read it - is in surrendering at least some of your shares. Once all the tendered shares have been paid for and removed, the remaining funds will be paid as a special divi and the shares consolidated (ie reduced) to reflect that payment of capital. So one way or another - or in fact both - the number of shares we hold will fall. The calculation that everyone needs to make for themselves is what value do we place on the company and its asssets - and therefore per remaining share - after it has disposed of $700m in cash?
Personally - I have no idea!