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But the deal was done and signed off several weeks ago ?
So why are people thinking this might go to mid 20's and 40's and 50's if some think the deal has been done at low to mid 20's ? I know no one knows for sure but that was the whole chat when we were at 11p ? I wish for 50 and beyond but is that realistic , Ive been her since mid 1990's in and out several times and still have some expensive shares but well diluted now . I remember the days of £5 !!
forgive my ignorance but whats fcf ?
just wondering to diversify are many of you investing in Enquest ? seems relatively good value with potential ? thanks
£57k @ 17p
Maybe old news but bought a shed load yesterday .
https://www.aberforth.co.uk/
After the last 24 hrs we now know who to trust on this forum and who not ??!
This will make interesting reading , but at present with deal done does it really matter !!!
What’s the thoughts on how the election will ultimately effect us ?
https://www.forbes.com/sites/rrapier/2020/11/06/what-a-joe-biden-presidency-means-for-the-oil-industry/?sh=495896253652
Hope so ! Can’t believe where we are ! I bought to pull my average down and it still goes lower ... got a nice email reply from Elizabeth a few days ago and she said the following “
The market valuation of the Combined Group, and therefore the new share value, will be ascertained once the transaction completes, which is anticipated by the end of Q1 2021.
In the meantime, 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.
In terms of Transaction newsflow, we are in the process of seeking consent from our existing creditors for the proposed merger and expect to get to the requisite 75 per cent threshold shortly, at which point we will make an announcement. We plan to publish a prospectus and a shareholder circular in December which will include information about the Combined Group, including a valuation of the Combined Group’s estimated 2P reserves. The shareholder circular will include details of the shareholder meeting to approve the Transaction, which we anticipate will take place in January.”
bought more this morning as trying to reduce my overall price , pretty disappointed so far in the rise but maybe early days ?
got this in an email this morning but not entirely sure why or what it means ?
PREMIER OIL PLC
(the "Company")
Total Voting Rights and Warrant Update
As at 31 October 2020, Premier Oil plc's issued share capital consisted of 925,532,676 Ordinary Shares of 12.5 pence with voting rights. Premier Oil plc does not hold any shares in Treasury.
The figure of 925,532,676 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Premier Oil plc under the FCA's Disclosure and Transparency Rules.
To date, the Company has allotted 42,953,804 Ordinary Shares as a result of the exercise of equity warrants, representing 4.64% per cent of the Company's enlarged share capital.
As at 31 October 2020, 19,732,020 warrants have been exercised on a cashless basis and a further 35,381,203 warrants have been exercised in cash.
For further information please contact:
Philip Ryan
Premier Oil plc
02078241150
2 November 2020
Sorry false alarm !! down she goes again :(
Has there been some sort of news or why the rebound ??
Keeps bouncing off 11p yet not many big sales ? how does this happen ? Thanks
Thanks for this but unfortunately no new news in that , I suppose we need to know a net worth of our individual shares going forward to give confidence . As we know the company (PMO) will not go burst but we should as share holders be given more information. Honestly it’s like penny’s in a slot machine ! When at 14p I was thinking it’s a must and cannot go lower ! Then look at today .... no confidence = no purchases ... yet I need to pull average down as it’s at 29p !
Maybe already discussed somewhere here but what are the next dates / announcements we are waiting on ?
Can I ask maybe a stupid question but if people are struggling to buy shares why is the share price still moving and buys are showing up ?