The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
HITS you're the tragic one. You repeat the same post many times a day every day. How sad and bitter your life must be. All this time spent on a share you're not even invested in. BTW your barchart web address can't be found.
Great reply, many thanks. However even the best case scenario gives Mercuria the upper hand, have Angs by the short and curlies and gives them far more than they deserve. Guess that's cut throat business practise.
Seems very unfair that Mercuria should 'earn' £39m a year from the hedged gas according to Hits. For doing diddly squat apart from the loan.
Obviously the hedge was negotiated before gas prices soared. Is there a chance maybe that the hedge can be renegotiated to more favourable terms to Angs? Mercuria would still make a killing even if it was reworked to be more fairly proportioned.
I disagree. The drop was originally manufactured by the MM's today on what was good news that SOU had dropped out. Down 22% at the off but quickly recovered.
The progress update RNS not fully digested yet. Buyers next week as all on track to deliver gas in June.
T/O Offer? If so from who? Shell we dream? SOU who don't seem to be able to afford anything worthwhile? A third party?
Extension or no offers?
At the moment it's possible to sell millions at the bid price. Seems they want the shares for buyers.
To buy out Angs at 2p then SOU would have to offer over a billion shares, 60% on top of the current issue amount. Can't see that going down well either here or there. Personally i prefer the Shell offer lol.
I don't think people are invested here for a low ball SOU offer so i doubt they would sell on that news. In fact for many including me it would be good news as there is more upside in the gas production than anything SOU can afford to offer.