Member Info for NewKOTB

Think you find that due to Covid-19, companies can apply for a 3 month extension, ie end of Sept.

Tom, don't worry, ACW et al (inc Kiosk Kate) are on it.

SQZ are not prepared to deal unless it meets their criteria, as mentioned in YE presentation. Have no fear, they will be ensuring best shareholder value, be it full sale, merger or acquisition.
aimo

At this moment, cash is probably closer to 50% of the MCap.

Well, today took me by surprise for sure but then offered an opportunity to add just a tiny few more at 110.952p

Now back to mid May SP when Brent was trading at ~$35 vs ~$42 today and Nat Gas at ~9.5p/therm vs 15.8p/therm.

Possible reasons why the abrupt fall on low volume :
1. Move from Q2 to Q3 revenue stream model.
2. Dividend hunters all leaving.
3. Possible Talks have stalled / failed.
4. Much touted Corporate action is closing in so squeeze on PI's to release shares.
5. Rig / Operational issue
6. Macro environment.

Although we are now trading at close to our 50 day VWMA(109.35) and 50 day MA(109.97p) so might just be 'natural' market dynamics at work. Either way, looking for BLUE day tomorrow.

aimo & atb

Rookie,

Echo that ....

Let alone corruption on a scale you would not believe, imo of course.

Munch,

Exxon would be a massive gamble with it weighted to oil, however, should the supply side contract substantially we could see double today's prices, in that case, you are correct .... enormous game changer but it would require the market price us accordingly !!!! (lol) I'm afraid in todays climate, that may well be what AA is grappling with atm, particularly after Chesapeake news today. Think investors rather than gamblers would much prefer it be a primary gas acquisition.
atb

GGG,

If that was one of their routes, they would have already numerous 'facilitating' entities in play, gathering as many as possible in readiness. Which, tbf, is odds-on imo.

"How can it when you don't know what the news is?..."

How could anyone indeed ..... luv it !

Question, when does a pump turn into a real rise .... tis the question on everyone's minds along with the thought of FOMO.

ATB

And will take us wherever it needs to fill the orders .... 99% BoT trades this morning.... as had done for month upon month.

https://www.gov.uk/guidance/oil-and-gas-decommissioning-of-offshore-installations-and-pipelines

Goes to whoever buys the company.

Dana,

Exactly, its all about how to make the books look good for their shareholders. That's were book value and reality collide making for opportunistic acquisitions for as you correctly mentioned, the likes of RRE, SQZ et al.

I think what Rookie is conveying is that everyone's at risk of being involved in NSCS consolidation atm, no one is exempt, wanted or not.

Munch,

It follows that a deal will follow given AA desire and now a plethora of sweets in the shop window.

Perenco production 55,000 boepd

Exxon production 80,000 bopd and 441 million cubic feet gas

All so it has been touted that Exxon assets could be worth as little as $1bn (£810m).

As mentioned before, there are limited number of buyers in today's market so the pressure is on the seller to get a deal, possibly, any deal, away before the buyers are exhausted imo.

"In addition to offloading some lower-performing employees..." lol

So long as they don't come as part of the 'fixtures and fittings' with sale of the NS assets.

More than one way to 'return cash' to shareholders ...... also in RRE early days, guess who was our broker in acquisitions, Macquarie !! Just saying

MB,

Exactly, I floated this idea several months back ..... the upshot is AA would indeed be able to offer ~£25/share and be able to payback the 'financiers' (who he happen to be meeting back in March) in full from CoH, leaving ~£40m cash in the company after expenses. Of course, as you state, this would still requires shareholder approval ..... lol, don't think that would be an issue either with Cavendish Asset Management and Macquarie onboard would instantly have 42% of the votes.
This could, in a convoluted way explain the SP action, being kept low to make an all share offer of +100% premium all that more attractive to worn out and disheartened investors. Or indeed Cavendish / Macquarie 'assisting' to make the transaction as attractive as possible, who would stand to make ~600% return in under 2 years.
Question is, how would AA then 'play' his hand, flip it for, lets say ~£140m (same as current 1100p/share) ..... turning his £40m cash into £140m overnight. Or will he 'enhance' the value then sell it on making untold fortune. What a problem to have !!!
Very much so, aimo.

In theory, if our SP reflected just our CoH, then a 100p dividend would only be ~5%, so in those terms quite achievable imo.

But my guess is divi will be cut (a little) or at best held this year due to our cash being earmarked, that said, nothing stopping a special divi being issued later on.
aimo

And now £11 to BUY ..... much rather it be £21 to Buy though.

" Either ROC are asking for massive under the table payments to give clear passage...."

He who holds the key knows no bounds when it comes to personal greed, therein lies the problem imo