Member Info for HappyInvestor100

IAG could easily manage an all share offer. IAG market cap nearer £25bn financially it would be easy. An all share offer would make it easy for easyJet shareholders to retain an interest and synergies could be significant.

However issue is competition law which is not in their control.

All IMHO DYOR

Happy

This will ultimately go for around 750-800. Potentially higher if IAG can bid. Still significant headroom and too soon to bail.

All IMHO DYOR

Happy

If EU does not act, a great asset will end up in the hands of private equity rather than a rival European airline.

All IMHO DYOR

Happy

This clearly isn't over. Now is the time for IAG to have a go.

All IMHO DYOR

Happy

Should be trading at 650+. Discount to agreed price is too big. Also, there's plenty of time for others to line up a bid.

All IMHO DYOR

Happy

It's 690 in cash.

The unlisted alternative would be part consideration for those who wished to retain an interest for future upside.

So 690 OR a number less than 690 plus an unlisted alternative.

All IMHO DYOR

Happy

I suspect another airline will now attempt to bid and it will be IAG.

IAG has previously flagged that a possible approach is complicated by EU competition rules. However, I suspect EU would, in the current circumstances, prefer to see a European airline buyer emerge rather than surrender this asset to US private equity that will leverage it to the hilt and may risk its long term viability.

EU might even consider a US airline as preferable to PE and could change domicile restrictions to make this possible. Such a change would also placate Trump if Castlelake was shut out i.e. a US airline would then be in the game.

I think ultimately this asset could go north of 900 as it really is a once in a lifetime opportunity for a major European or US airline.

All IMHO DYOR

Happy

The market was probably spooked by talk of a second FPSO and what it would mean for funding, but it's missing the bigger picture. Navitas are clearly very serious about establishing the NFB as their new centre for oil production long, long into the future.

RKH are riding Navitas's coattails but as the junior partner this was always going to be the way. However, a determined and ambitious operator like Navitas creates its own momentum.

If the market doesn't rerate RKH, a predator eventually will. As the months tick away and execution risks subside, Sea Lion becomes increasingly tantalising for investors and would-be predators alike.

Meanwhile, the easing of tensions in the ME while negative for oil prices in the short term is good for RKH because it reduces logistical friction and crucially dampens potential cost increases at the development stage.

I will top up on any further weakness below 70.

All IMHO DYOR

Happy

From annual report. If Borders gets partner it opens southern basin for us too

Key Licence Interests

Falkland Islands

North Falkland Basin

Rockhopper working Licence phase

Licence Operator interest % Field/Discovery expiry date

PL003a Navitas 35.00 — 31/12/2026

PL003b Navitas 35.00 — 31/12/2026

PL004a Navitas 35.00 Isobel Deep 31/12/2026

PL004b Navitas 35.00 Beverley

Casper South

Zebedee 31/12/2026

PL004c Navitas 35.00 — 31/12/2026

PL005 Navitas 35.00 — 31/12/2026

PL032 Navitas 35.00 Sea Lion Exploitation phase

PL033 Navitas 35.00 — 31/12/2026

South Falkland Basin

Rockhopper working Licence phase

Licence Operator interest % Field/Discovery expiry date

PL011 Rockhopper 100.00 — 31/12/2026

PL012 Rockhopper 100.00 — 31/12/2026

PL014 Rockhopper 100.00 — 31/12/2026

Our southern licences are valued at zero which makes no sense with Borders flying.

Acceleration of peak barrels with second FPSO would also be game changer.

Back over 90 soon and this time we will go above 100 and hold that.

All IMHO DYOR

Happy

Not a good VFM acquisition and it signals that they lack confidence in their existing oncology portfolio.

I sold and don't intend to buy back in the foreseeability future. I wish shareholders the best of luck.

All IMHO DYOR

Happy

GMV I hate autocorrect arghhh

May +8% GMB before anyone corrects me!

Shares are too cheap given the potential for sustained recovery.

They have come out of the tough times a leaner, humbler machine. Gross margin actually strengthened and May trading +8% GMB is very very positive.

Could be a multibagger in the making.

All IMHO DYOR

Happy

Https://www.londonstockexchange.com/news-article/RKH/final-results/17620462

"JV investigating the possibility of accelerating development of subsequent phases"

All IMHO DYOR

Happy

Https://www.adnews.com.au/news/wpp-media-wins-big-loses-a-bit

Https://www.adweek.com/agencies/wpp-media-shows-signs-of-new-business-bounceback-report-finds/

Good news coming.

Trading better then expected. Guidance to be upgraded for H2.

Rolls Royce here we come...

All IMHO DYOR

Happy

I think they have agreed terms and an update is imminent. I think price is good.

It will clear our debt in one fell swoop.

All IMHO DYOR

Happy

These results look good.

All IMHO DYOR

Happy