RE: Shell Takeover26 Jul 2021 08:27
Blackwash,
The Initial theme to this thread reflected on the likelihood of Shell being in cahoots with QFI due to the presence of Philip Snaith and Laurie Mutch sitting in the QFI boardroom for token recompense (£48K each), even though the pair head the renumeration committee.
Mr Snaith himself has spent more than 35 years
with the Royal Dutch Shell Group
in senior executive positions,
latterly as General Manager of Shell
International Trading & Shipping
Company Limited in London. Between 2004 and 2008.
There will be no "multi-bidders" in any room clamouring ovér each other for a piece of QFI.
QFI will spend the next year or so carrying on at pretty much the same pace as it has done for the past decade; next requiring funding ( sorry, refunding) which will probably be the beginning of the end for this stock.
The people who will, at that time, value QFI the most shall be those who have had most exposure to the products, IP and sea trials data.
IMO, one of the most pertinent news items, failing that any contract/s should materialize in the meantime, will be the renewal of QFIs JV agreement with Nouryon in October next year: if I were invested here again around the end of next September, and there had been no RNS confirming its reinstatement, I shall most likely find myself bailing out vigorously. And for ever.
All IMVHO
IE