The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Kenya still high on the agenda.
https://panafricandispatch.com/news/east-africa/kenya-revival-kenyas-petrodollar-dream-set-to-be-a-game-changer/
Kenya deal waits the new government in Nairobi and as soon as that is announced the merger will be finalised. Tullow SP will probably hoover around 60 when that happens. It could be soon but it could be few months down the line. After merger and dividend announcement the stock will move above 1£.
https://finance.yahoo.com/news/zacks-industry-outlook-highlights-vermilion-122112010.html
Cairn will probably close their office in Edinburgh and move staff to Chiswick. I personally know many who would not move. Cairn extensive portfolio of exploration assets will be trimmed (probably getting rid of UK all together). Cairns expertise from SNE and FAN in Senegal will compliment that of Tullow from WAfrica. It will be interesting to find out if new company will have a critical mass to try to carry Kenya on its own.
“On the last call Keith Hill stated that the Kenya deal could be "worth at least $1/share, probably more". The May date (May 10 I believe) is the date by which the Govt of Kenya needs to approve the deal .. surely to God they won't screw it up again
Hill also stated that AOI was "agnostic" to cash or a carry. I think most of the suspects who post on this board would prefer the cash. I had not really thought about a farm down to 12.5% until it was metioned here .. maybe that is the best of both worlds.”
The run is caused by the end of the fiscal year. Obviously some people decided to place Tullow in their self invested ISAs and SIPPs. We should see the similar rise tomorrow as well. After April 6 things will go back to normal.