Member Info for NewKOTB

BB,

I'll be sure to call in rather than drive past which I have done to my shame, rather than R&C or The Castle at Edgehill .... got friends that live in Horton, he's a bit of what I call 'a collector' ! atb

SQZ proving resilient today atm ... still not sure what's going on with KIST though recently, putting TTF / NBP to one-side that is !

aimo & dyor

NS, correct .... or how KIST SP would be impacted by sudden abandonment of their 0.4 Kist shares by SQZ holders .... as you say all 'hypothetical '. Bit like turning left instead of right, that one decision changes your path in life forever ... not unlike like buying SQZ pre Erskine.

aimo & dyor

Enjoy your pub lunch, liquid or otherwise ... Use to frequent Rose and Crown at Ratley ! Can't beat a great British Pub, just hope not too many closed their doors with whats happened over last few years.

All NS O&G producer appear to be doing well at, some more than others esp KIST for some reason.

aimo & dyor

Worth 462p at 0.4 KIST share plus 213p cash ...vs current SQZ SP 426p

Hit top of current up channel ... break and hold above, then who knows where she may go, fwiw my chart is point to ~550p plus atm ! Would need something special to claim that crown.

Yep, he (Ineos) will certainly look to negate levy via acquisitions route but then so will everyone else too imo

Does appear to be an unusually high daily volume over past week even though we are regularly breaking our ATH .... fwiw I do think a deal is about to be tabled.

aimo & dyor

?

CR888,

The metric used in general guidance for t/o is six-month volume weighted average price for obvious reasons. atb

Thoma Bravo agrees $730mn takeover of Australia mapping company, Nearmap at 67% premium on the average share price over the past six months.

DARK's 200 day moving average is 410p, add 67% we would be looking at a comparable figure of 685p. So I would suggest this is the area, in and around our potential offer price.

aimo & dyor

3Q 2022 to-date see's record average Quarter highs :

3Q 2021 - 118p/therm
4Q 2021 - 226p/therm
1Q 2022 - 232p/therm
2Q 2022 - 130p/therm
3Q 2022 to date : 260p/therm

And only set to go higher, DA NBP : 364p/therm.

Not even close to winter atm ....

aimo & dyor

Sharechap,

To answer your question, "I'm just wondering what protection Serica shareholders have in such a circumstance when it comes to price..."

I would of said UK government would likely be subject to same competition and takeover rules that regulate current private takeovers and acquisitions. In other words offer a fair price, backed by our board that would be voted on by shareholders, I can not see any other way, otherwise, as suggested, 'a dangerous domino effect' would ensue that would kill-off NS for sure. Bit like Compulsory Purchase but requiring agreement of owners, ie us.

Strange how things could end-up going full circle, Thatcherism in reverse by the Conservatives too, who would have thought !

Of course, other option is for UK Gov to acquire a controlling interest, ie 50.01%. Not sure how that would work within normal market dynamics but i would guess, blow the SP skyward, initially, or how that would work on a operational / company WFT level.

I'm no expert in these matter, just my thoughts & all in my opinion & dyor

lol .... as if by magic, on BBC posted 13 minutes ago ....

"Nationalised energy should be an option, says Sturgeon..."

https://www.bbc.co.uk/news/uk-scotland-scotland-politics-62623751

Sharechap,

Agree, rule book out of the window when it comes to keep their jobs ....

If SQZ valued at ~£1.5bn (~550p/s) UK Gov would get its money back before end 2025 imo. SQZ currently provides ~5% of UK gas supplies, that could move closer to ~10% if NE really comes good. A move if they think NBP / energy costs will remain elevated for some time to come would be a good one, after all, otherwise every year until 'normal' ( whatever that is ) NBP pricing returns massive handouts will be demanded, billions upon billions spent, time and time again. Taxes upon taxes are not the way forward either, not for a solution to a crisis, what appears, as months goes by, will last for many years to come. Of course it would be done by UK Gov setting up some sort of Energy Security Wealth Fund with which to buy / hold / operate not just O&G's but other forms of energy providers / service companies too. It will not be spun as nationalisation but a pragmatic approach to solving issue at hand and stop Labour's band-wagoning, 'champions' of the British Public in their tracks. They would raise funds for Fund via bonds sold to the public / institutions paying an annual coupon. Could even float Fund as an option too .... I can see many ways forward, just the willingness to make it happen. Every nation across the globe will have been shaken, esp EU ones to make sure energy security becomes the major problem to be solved over foreseeable.

Lord knows ( although no guessing required ) what will happen if Labour get in Jan 2025 and energy crisis remains with no solution in place !

aimo & dyor

There has been a negative press narrative for many months now using ML to suppress DARK's SP, no guessing who's behind such shenanigans.... all starting to come out in the wash.

aimo & dyor

Mike Lynch attacks 'vindictive' US authorities over Darktrace takeover
Plus: Cybersecurity star Darktrace confronts its past as predators circle....

"The controversial tech tycoon Mike Lynch has accused US authorities of a "vindictive" campaign against him that has left British cybersecurity company Darktrace facing a takeover by American private equity......"
https://www.telegraph.co.uk/business/2022/08/20/mike-lynch-attacks-vindictive-us-authorities-darktrace-takeover/

Forgot to add, I would also keep an eye out for JPM & GS as I would expect RNS 8.3's from those also by the 30th.
atb

cr888,

At the moment I see it as status quo being maintained, it's still early day for 8.3's, however one of the current bunch I would keep an eye on would be BlackRock.

atb

aimo & dyor

To-date, these are % notification 8.3 RNS's - total declared so far : ~23% ( COB 19/08/22)

Amounts to right are latest that replace earlier disclosures.

AXA Investment Managers S.A 1.7
Barclays PLC 1.17 1.2 1.18 1.14
BlackRock, Inc 2.74 2.75
Darktrace Employee Benefit Trust 5.4337 5.3814 5.3711
First Trust Advisors L.P 1.61
Greenvale Capital LLP 1.76
Invesco Ltd 1.34
Legal And General Investment Mgt 5.18 5.11 5.1
Sanford DeLand Asset Mgt Ltd 1.15
Société Générale S.A 1.05

Lending, they only need 75% of votes on the day if Scheme of Arrangement, otherwise, yes 90% on the day if Contractual.