Member Info for JenniferE

A terrible opportunistic offer, I'll be voting against and hopefully it will fail! The last NAV was 84p but they offer 70p, this is attempted theft, don't let them get away with it!

You have to wonder what these guys do all day as it certainly isn't managing the company! I assume they just sit at a desk watching graphs of vacancies rising and valuations falling and work out what their excuses are for the next shareholder meeting!

Agreed, I've taken a nibble today although inflation is still a big threat!

I've just voted and noticed this myself! I voted against and assumed it was an error!

It looks like SQZ have conspired with the administrator to legally rob the DCU holders! I assume what they have done is legal although it shouldn't be!

You've got to be next level evil to be a liquidator/administrator!

All I can say is " We've been robbed!" and backdating the purchase date is icing on the cake!

The article seems to suggest that it is Prax Exploration and Production that is up for sale and not Prax Upstream. If this is correct then the DCUs would remain intact and continue to be paid by the new owner, they may even want to acquire new assets to take advantage of the tax credits! We still need to fine a buyer though but Enquest would be a good fit!

We should at the very least receive the September payment for the period ending June 25 unless Hurricane Prax goes into administration as this payment is already a liability of the company. If a sale goes through then we will also receive a small payment from that although I suspect the sale will be for peanuts!

It was obvious the Total deal was going to fall through but having it confirmed is still a huge blow! Looks like we will end up being sold for peanuts! How did we ever get suckered into such a horrendous deal with a highly indebted company!

That looks correct (replacing the 2 million DCUs with 2 billion DCUs) but a sale at that price isn't going to happen! There wasn't a lot of interest when Hurricane was put up for sale two years ago and there is probably less interest now. I would see a sale as a very bad option for DCU holders.

I don't think the board wants to give future buyers an idea of the price they are looking to accept and that is sensible.

I seems to be a delay from the liquidator but the initial payment is now expected to be £0.434939 per share held.

Same for me, I'm with II, who are you with?

It's due to the takeover offer for care reit

I'm not seeing anything positive so I'll be voting against! They are way overpaying for the buyout, especially since they are paying in shares at a discount! This is just a way for management to boost their pay by a large multiple, there is nothing in it for shareholders!

Why would they vote against the managed wind-down? One of these funds was actively pushing to reject the merger because they considered a lot more value in the wind-down!

Well that's a kick in the nuts so to speak, I hadn't expected that! It's not a slow winddown, I wonder how the market will react tomorrow!

The latest offer from Urban Logistics has to be the worst offer ever! It looks like they want all the best assets at a 30% discount and we are left with the junk to sell! SHED shares aren't worth accepting in exchange when they are sitting on a 28% discount!

The current pessimism seems a little overdone, at current gas prices they will be making over $400m gross profit, more than enough to pay interest payments and pay down debt even if not quite enough to also pay the current dividend level!