Member Info for Millario

£8/£9 a share buyout by Ithaca is My 'wild stab in the dark' guess. That would cost Ithaca just under £300 mil

Bought 2500 shares yesterday via a quote through a share dealing platform and it was listed as a sell. My view/hunch about that? (and happy to be corrected if wrong) is, that the platform 'sold' Me the shares and as they were the reporting entity it showed up o the list here as a sell (they 'sold' them to Me). I personally never reported anywhere that I 'bought' 2500 shares etc.

Pick your phrase ... 'Squeaky Bum time', 'Hold for the Gold', '**** or bust'' :-)

The Ithaca guys are involved here with JOG correct? Maybe Ithaca have said to JOG We'll buy you out at a low ball amount say £6 a share and the offer is good until end of Q1. You've got until then to find/close out a better deal if you can. That sort of thing could be the reason behind the bullish AB comments back before Xmas.

All valuations aside tough, something is only worth what someone actually wants to pay for it.

Or one hell of a lynch mob with pitch forks & burning torches !! :-)

Most here would probably be happy with £10 a share in a full buy out no?

If we were in the same geo-politcal climate as we were 12 months ago, pre COP 26, Russi's invaision of the Ukraine and BoJo still PM then I would share a large dose of the sceptisism on here but 12 months on the world is a hugely different place.
The UK Gov are now actively on board with developing our O&G assests, the west want no supply from Russia and now cant deal with or trust VP, we're virtually in recession and UK Gov are on about investing/spending our way out of it and are under massive preassue to sort out the domestic energy crisis or face losing the next election.
Do I think a deal gets done? Yes based on all of the above and basic supply and demand if nothing else.
I would like to think that the last 9 months events have slowed the whole process down quite a but and sure its a test of patience, so I'm currently in the 'I think it will but it may be a while longer yet' corner

Can't just 'buy' a company just like that without Shareholder/board approval/agreement on the sale price per share.

Awesome, thanks Dick :-)

That's a huge trade !! What is that a Buy or Sell? It would be quite telling if a 'Sell' no? It's over £250k

I'd like to see the UK Gov to put together a solid national 'cross party' plan for how they intend to be Oil & Gas independent from Russia going forward, but whilst Johnson and His bunch of clowns are in office it's probably hoping for too much !! :-)

The geo-political landscape changed completely when Putin invaded the Ukraine and for a long time to come. Behind all the superficial stuff is a basic need for the UK (and Europe) to find other sources of oil and gas than getting it from Russia and that means either a) buy it from somewhere or b) develop the assest you've got.
No one is going to be trusting Putin or Russia for an awfully long time, ceasefire or otherwise.

A windfall tax may even be a good thing If the UK Government subsequently allow the O&G firms to offset (even partially) any windfall tax if they re-invest in North Sea development projects !?!?

Please do jump ship by means, but do it 'quietly' !! ;-)

You're a bit 'Grumpy Spice' today young Richard !! You're ok Sir I hope !?!? ;-)

Now wouldn't it be something if RDS, having turned away from Russia decided to look closer to home and the possibility of teaming up with or even buying out a certain small channel island company !! :-)

Btw, as JOG love a Thursday RNS, just for fun I'll go for the 7th April :-)

RDS getting involved with JOG must be the ideal scenario no !?!?, so fingers crossed.

On last year, considering everything with the Pandemic, COP26 and all the GREEN issues I'm willing to give JOG a pass on last year but I'd hope to see something first 6 months of this one.

Hey Dick, blimey I haven't a clue. I worked in the City for a while (Interest Rate SWAPS) so not Stocks & Shares and I don't understand what those trades relate to. I was kind of hoping someone here would shed some light on it :-)

Do We really need to have such an extensive forensic investigation into who posters really are!?!? I couldn't care less to be quite honest. Instead of all that nonsense, I'd rather hear peoples thoughts on the large trade volumes that went through on Friday!?!?

Looking at it in hindsight (which is always easy), who in their right minds would sign up to a Farm Out or even a Buy out prior to COP26?? Surely, the sensible business decision was to wait until that was all over to see what Governments had agreed to and to also get a better picture of the landscape re. the Green Issue going forward before signing up to anything.