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With thanks to an illustrious poster on this board I have cobbled together a timetable that might be relevant! Particularly if the end of the year deadline is to be met.
Those of you with more knowledge of these situations may wish to comment.. as will those of you whose patience is beginning to wear thin!
Day Zero (Nov 1st) - POSTING OF THE FORMAL OFFER DOCUMENT SETS CLOCK TICKING FOR TAKEOVER TIMETABLE
Day 14 ( Nov 15th)- latest date for Amer send its first defence documents to shareholders
Day 21 ( Nov 22nd )- earliest closing date for acceptances of offer
Day 39 (Dec 10th ) - last date for Amer to publish material new information
Day 46 (Dec 17th) - last date to send out a revised offer document
Day 60 (Dec 31st -midnight; latest time for Offer to be declared unconditional ...unless Panel grants an extension
He was referring to PPC, RNS
Very similar website too! https://www.grantierra.com/
Absolutely, Yachtmaster.
Yours is exactly the sort of response I was hoping for and was the purpose of my intervention.
We are all talking from the point of view of stakeholders so will look higher, whilst those wishing to purchase will look lower.
The trouble is we don't hear from them, so I thought I might just give an idea as to how they might value the business.
Thank you for taking the trouble to post a considered opinion..
I am by no means qualified in anything, but am trying to get an idea of something!! I have taken a very simplistic view of how we might begin to start to commence to get an idea of an offer price.
With thanks to Investopedia for the definitions and to those of you who have the will to follow this through
I throw this out there for it to be refined ,retuned, masticated and perhaps regurgitated.
What Is an Enterprise Multiple?
Enterprise multiple, also known as the EV multiple, is a ratio used to determine the value of a company. The enterprise multiple looks at a firm in the way that a potential acquirer would by considering the company's debt. Stocks with an enterprise multiple of less than 7.5x based on the last 12 months (LTM) is generally considered a good value. However, using a strict cutoff is generally not appropriate because this is not an exact science.
EV/EBITDA
Those acronyms in full are Enterprise Value compared to earnings before interest, tax, depreciation, and amortization. It's also referred to as the enterprise multiple. This multiple is used to determine the value of an oil and gas company.
EV=MC+Total Debt-C
MC at 17.5p = 211 – (Cash) 50= 161 / 34 (Adjusted EBITDA) = Enterprise multiple 4.7
to reach 7.5 EM The MC would be 250 so value should be 250 +cash 50 = 300 /1.2bn shares = 25p per share
Sorry, for my typo members, I should have been clearer in my reasoning.
With the CBH's cleared another 31m ( not 13m) shares were admitted to the market today and it looks like recipients are happy to hold them.
Last time many were sold resulting in quite a dramatic fall in the share price.
Funnily enough DBNO
I just bought, thinking that PMO held up well with another 13m shares on the market
At the risk of sounding repetitive, I repeat my question from yesterday. Does anyone know when the extra 31.4m shares will be added?
Do we know when the extra 31.4m shares will be added and available for trading?