Member Info for Kilgeever

Re board's intentions..... sounds almost disloyal/heretical.
Having invested in some low cost/high potential companies before I admit that sometimes the board have been busy feathering nests while we continued to top-up.... with some rambling about mm games and that sort of guff.
As if they're watching a tiny company so closely....the answer often lies closer.
One more top-up for me.
But I do expect a good return this year.

A positive rns but the meat is missing.
Hence the 10% fall.
Still worth holding unless you need the money urgently.
The good news will translate into profits later this year.

Unusually high number of buys this morning.

14p is a psychologically positive close. Tempted to think forthcoming interim will establish a higher low at least!

My top up, yesterday, was at 13.95, full ask ( broker's fault?) but caused me to wonder about other trades. Certainly a change happening though getting up to 14 seems impossible.
Next week Rodders

Creeping up. As it has done before.
This time ' feels' a little more hopeful. Kiss of death.

One day ( Rodders etc) this must emerge from the rangebound shackles.....a positive move north is very likely.

From 14.4 to 12.6 on little volume and back up on less.
Hmmm.
Someone's managed to get some quite cheaply.
With such swings, 10% down and up on a whim this might just be quite profitable.

If so we must hold any gain as every small rise has been sold into. Nevertheless, the ups and downs this past week suggest there's something brewing. Good luck ??

Hopefully!
Good news for everyone would be truly wonderful.
A lift in the sp a bonus.

In the doldrums of late and today a flurry of activity but no rns. Hmmm.... watching carefully...gla

Dear Mr C************
Thank you for your email and apologies for the delay in getting back to you. In answer to your questions:
You will retain your Premier shares with Premier's shareholders now owning c. 5-5.45% of the Combined Group. So if you owned 5% of Premier, you will now own approximately 0.25% of the Combined Group on completion of the merger.

 It is hard to put a market valuation on the Combined Group given Chrysaor is not a quoted company.  That said, the Combined Group will be similar in size to that of the Norwegian E&Ps – Aker BP and Lundin – in terms of production, reserves and balance sheet. It would therefore not be unreasonable to expect that the market cap of the Combined Group would be similar to that of AkerBP and Lundin who have a market cap of c. $5-6bn.  With 5-5.45% in the Combined Group, that would put Premier’s market cap today at c. $300m.
While some shareholders are disappointed that we are not going ahead with the standalone refi/BP Acquisitions, they recognise the strong industrial and financial logic for the merger and that in the current environment it is probably better to be investing in a bigger company with stronger balance sheet rather than smaller E&P.

Kind regards, Elizabeth

 

From: harrycarson18
Sent: 14 October 2020 16:59
To: London Reception
Subject: [EXTERNAL] Merger and consequential impact.

 

*** EXTERNAL E-MAIL : Beware links and/or attachments ***

 

Sir/Madam

 

As a shareholder of the company ( Premier Oil) please confirm the anticipated change in value ( not in monetary terms) in terms of percentage of value increase/ decrease of each share before and after.

ie: 1 share is currently worth 1 share.

After the merger what will the ratio be?

Also, will current private shareholders be materially and financially better off if and when the merger happens.

Clearly these are questions at the forefront of the management's discussion. After all, the principal function of management is to work on behalf of the shareholders. And as I am a shareholder I must assume that the management decisions have been made with me, and other shareholders, in mind. After all, what type of management would abuse the trust placed in them?

I shall ask about ARCM after your reply to this email. It's quite a task reconciling all of the statements, dates FCA fines, RNS's, SP, debt reduction, bondholders etc. Whew!

I look forward to hearing from you soon.

 

Yours

 

T H Carson

 

 

 

Sent from Samsung tablet.

 

______________________________________________________________________

The information in this email is confidential and is intended only for the person(s) named. Any other distribution, copying or disclosure is prohibited. If you are not the intended recipient, please notify the sender immediately or telephone Premier Oil on +44 (0) 20 7730 1111

www.premier-oil.com

Premier

It's not secret and I can post it here later as I'm busy until later.

Should look carefully at TD's roles in this very dodgy fiasco.
In league with ARCM ( serially dishonest) he has overseen the demise of a vibrant company which had increased prof, a debt reduction plan and oil and gas to be envied.
Then he got mixed up with chancers, found himself out of his depth.
Where was the board while he destroyed our company? Sitting there keeping quiet.
He's a crook and it will see the light of day.
And what has he said to the shareholders?

Certainly a better bet than my beloved pmo.
One similarity and one difference.
The similarity is the SP.
The difference is pmo has a doubtful future.
Cheers all

Like it. Thanks

Another price monitoring extension, 5 minutes after.
Interims were late September. So what's on?
Perhaps nothing. So why the need for 2 pme's?
Value of trades c£45k today ( open). Hmm

One after hours today.
4 on September 22 and 4 more on 23rd ( some were acknowledgement only).
Nevertheless, for a small, lightly traded stock this is unusual activity.
Results? Interest from elsewhere?
Certainly worth holding and, courage and funds permitting, adding.
Add interest to an otherwise rather quiet share.
I knew it would ( hoped actually,).
Good luck all.

Thanks for posting the ii report.
Really positive.
Iofina moves quickly with little trading as you know..... but falls disproportionately on minor sells.
This could be the catalyst to get us over the 16p hump. Gla

Won't exist.
Too many crises. Too many soap opera days. Too many poor decisions. Awful CEO.