Member Info for legache

Well, 32p is almost double the share price. I think that would do nicely for most, but for LTH's like me, it would be a disaster.

I reckon they'll take it private at some point if this carries on. Low-ball offer for the shares. Remember all they need is 30% and it must be at least equal to the highest price paid for shares in the company in the preceding 12 months. - So the longer this goes on, the cheaper they'll get them. Seems obvious to me. They only need a few more to cross the threshold and as we're on a downward trajectory over a 12-month period, its getting cheaper every day!

When will this drop end?

Would they take a proportion of the business private?

By 2030 we will be in a new world, Reform will be in power and NS will be back in fashion, it is all about holding on until the next election which can't come soon enough and hopefully before 2029, the new Peter Mandelson scandal and trade unions turning on Labour and the strikes will add more pressure on the totally failed Labour Government.

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I'd like some of whatever it is you're smoking, please.

I've had some absolute howlers over the years in junior oil and gas. Lost big time on DES, but had a nice run with SQZ from 15p... then lost almost all of it on BLVN and SDX - both got the bejesus raised out of them and then taken private - hard for the small man to win in this game. The only saving grace this one seems to have is that it will, eventually, make some profit.

It's been great prices to top up since 50p. Pick the bottom if you dare.

Its just the buyers are paying less and less... 18.5 on the bid folks. We should not be here by all reason and logic.

Amazed at the bullishness here as prices fall.

Yeah, it'd be in the 20's for sure. But who'd vote for that. Not me!

I cannot see they'd get the votes for it. IMO. Too many underwater holders.

Roadhouse - a tackover now would be disastrous for LTHS. What do you think we'd get - not £1 that's for sure!

Loving the ramps as this traded sideways!

Deeko, obviously, value accretive debt, like Akantra, is okay. But i look around the markets, and junior oil and gas has been obliterated over the last 5 years. All the market value is cash. If we want to get the sp up, then we need a robust balance sheet. We need big NET profits, not talk of how many barels per day we produce. Who cares if the bottom line is affected? Look at the right metrics. The issue is that 40 million paid on debt interest now, because the oil price "might" be high enough in 3 years to support our business model, is increasingly looking like madness. In the mid-2010s, maybe, now, no chance.

Wakey wakey folks, welcome to this new world.

Deeko, debt is not "just accounting". The business pays for the debt. It's not free. That money cannot be used for capital projects or dividends.

The risk premium attached to us is also higher. No debt, lower risk of shareholders getting their money back, lots of debt, then the institutions and bondholders get their money first.

Let's be real, comparing us to other leveraged or indebted businesses is not going to help us. I couldn't give two hoots what level of debt Tullow have. I do care about what flex our financial position gives us and what dividends I'm getting. At the moment, the picture is grim.

Ridiculous situation. There should be a rule in the code banning cross directorships.

It's all I've heard for the last two years from various PI's. Adding shares at "low" levels is great, until there's another new low. Me, I'm making money on my short and will flip when I see the inflection point. Doesn't mean I don't believe the long term out look, but I'm here to make money, not cuddle my shares to sleep at night.

Great. Only 20 million more shares for BG to sell.

Short position now the most sensible, perhaps?

24k was the top end of guidance. I recommend 19-20k as being more realistic

Terrible reaction.