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Climbingwooster- how much have TXP supposedly spent when it’s an all share offer? Secondly if there’s companies that are going to make you a profit why wait for TXP to rise? If you’re so sure and these other companies take the loss from TXP and buy them- they’ll make you the money back with all their “profits”????
"Trinity's issued ordinary share capital (excluding Trinity Shares held in treasury) as at 30 April 2024 (being the latest practicable date prior to the date of this announcement) are supportive of the Acquisition and have each entered into irrevocable undertakings to vote in favour of the Scheme at the Court Meeting and the resolutions to be proposed at the General Meeting."
Seems unlikely a further offer would be required.
Why would the offer change???
"The board of directors of each of Touchstone and Trinity are pleased to announce that they have reached agreement on the terms of a recommended all share offer pursuant to which Touchstone will acquire the entire issued and to be issued ordinary share capital of Trinity (the "Acquisition"). The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act."
"From holding around 30% of my portfolio by value in dividend paying stocks 3 years ago I've now reduced the figure to around 17% as of today. The reason? Well, this share is a prime example of why. As of today I've locked in a dividend payment of 14.62p, unfortunately it's cost me 16.00p in lost capital!!
I sold 33% of my holding here last month, 18% earlier this week and the balance (50% of my original holding) I'll continue to hold for the time being.
My investment in a simple global equity tracker fund has delivered a positive return ytd of 7.5%; my holding here (including future dividend) a negative 0.7%. An outperformance of 8.2%.
Total return is the key measure for me."
Maybe I'm missing the point but you're basing your numbers on locking in a dividend and then selling ex dividend when SP obviously dropped?? Who would do that? Makes no sense? Surely you sell before it goes ex and buy back on the drop, if you believe it will drop more than the divi, which yes it often does, or you would hold and receive the dividend and continue to hold until higher SP then sell (if wanting out) or hold long term?
Wow, great drilling results,
We know how happy and impressed they were with Cas 2 and for comparison see below:
Cascadura-2 openhole logs and drilling data indicated a total sand thickness of approximately 525 feet in the targeted Herrera formation.
vs
The Cascadura-3ST1 delineation well was drilled to a total depth of 8,252 feet, and openhole logs and drilling data indicated a total sand thickness of approximately 900 feet in the targeted Herrera Formation.
In addition to that "the Cascadura-3ST1 well is the first to cross the C-fault to the east side of the structure, an area where reserves have not been previously assigned"!!
Oh and finally
"The CO-374 development well is also noteworthy, as it has the highest net pay we have observed to date on our crude oil legacy blocks."
Two oil wells at Coora is certainly not to be sniffed at.
Great news today.
Would be nice if can follow the pattern of last couple of days. Cas 3 results are very likely next week. PB said 1-2 weeks till TD, that was one week ago. Maybe last time to buy before the news today, with London shut Friday and Monday.
What do you mean by Cas 2 stabilization results? The next news from Cas 2 should be flow testing in q3.
Cas 3 will be the next result (and coora) and then we should hear if any plan to move straight onto Cas 4 or not.
I think everyone knows why and been discussed to death,
Royston...
Casc initial production rates not being met.
However, success at Cas 2, good progress on satellite for pipeline and B pad, Cas 3 result due soon, new choke on Cas ST1, perforations at cas deep. A lot of very near term triggers, then add on asset swap and bid round sign off.
Also rumour they will go straight to Cas 4 from Cas 3 now that would be excellent news...
Aligator - it was only the announcement of increased loan term agreement that resulted in SP recovering to 51p?????
That is completely wrong, the SP hasn't increased since that RNS and was this price pre the announcement of loan agreement, you're forgetting Cas 2????? That gave us the lift!
Cas 3 to hit TD by month end, hopefully a similar result to cas 2 :)