Member Info for NewKOTB

We go on about companies that are ripe for t/o, ones that offer themselves up, on a plate, ones that no doubt AA has been looking at himself ..... we must not loose sight of the fact we are one of those which are ripe for t/o too. How much more ripe can you get when you trade at +50% discount to cash in the bank, with no debt.

I feel things are bubbling away in several boardrooms atm ....

atb & imo

"could this be due raising some equity..."

Can not see AA wanting his equity share falling much below 25%, once costs are included, you are not going to raise that much. So its a none starter for me I'm afraid.
atb

bandit1,

You should also consider AA taking an offer circa £21/share, netting him ~£70m.

He would then go off and repeat RRE , an IPO would attract a certain amount of 'loyal' followers too.

Dana,
If AA intentions are as you mentioned below, think he will need to get his skates on ..... a PE could do the same at any moment. He will have then lost the opportunity.... Something needs to give, been pinned at ~1000p for too long now.

With FTSE putting on big gains on many hammered stocks, easy money can be made, so no need to 'risk' locking in cash here .... once FTSE settles, we should see those profits moving to other stocks with multi-bag potential.
The issue is, we could be suspended at any moment .... making those 10-30% FTSE gains looks silly.

atb

Crabtree you are making all the noise of a P&D outfit.

Time will tell.

RRE are undergoing a very shallow recovery atm. Not sure why we are trading so far below CoH at circa £23/share and why our recovery is being stifled. Yes we have commitments but these are no different to any other O&G player and its not as if they will need to be paid tomorrow, or anytime soon. Still ZERO debt too..... In the immediate future ,it appears news will only re-rate us, until then, enjoy the sun.
aimo

"i wonder if andrew is planning for placing, IF true, at what price?...2

Think you need to do some research before suggesting such balderdash imo

Don't you just love intra-day RNS like Marston's had today ..... flat until JV RNS then ..... +100%, love the same to happen here, although +100% is a tad conservative for ZIOC ...... atb

Don't you just love intra-day RNS like Marston had today ..... flat until RNS then ..... +100%, love the same to happen here.

Again today, notice the trades .. some BIG ones once more.

Malcy noted that "AA is always looking for deals ..." he also mentioned that he could " list 10 companies and 20 assets" that AA could be interested in right now.

If it helps, atm SQZ are receiving $1.98m per week AFTER OpEx.

Using 30k production, Brent $34.5 and Gas 8.0p/therm.

Still waiting NI, for your fairy figures ... !!

NI has no idea about how much SQZ makes, just comes on here spouting its rubbish once more, trying to get his short into profit .... lol

So, to repeat my question for NI what is SQZ receiving per UNIT barrel atm then if you are so sure of your statement, that figure will be to hand will it not.

Thought so ... !!!!

Code 1 means a single share trade has occurred.

Myth has it, that this is followed by an RNS ..... we shall see !

atb

Notice the trades .. some BIG ones again today.

If it helps, atm SQZ are receiving $2.15m per week AFTER OpEx.

Using 30k production, Brent $37 and Gas 9.5p/therm.

Still waiting NI, for your fairy figures ... !!

NI has no idea about how much SQZ makes, just comes on here spouting its rubbish once more, trying to get his short into profit .... lol

So, question for NI what is SQZ receiving per UNIT barrel atm then if you are so sure of your statement, that figure will be to hand will it not.

Thought so ... !!!!

upomega,

"Are you saying that a takeover is now on the cards..."

Until Kate's appointment I thought a merger or more likely an acquisition would occur. Now, with 'Kiosk Kate' onboard my thoughts turn to a t/o, although a merger is more than possible still ( RRE ?).
Average age of our board (pre Kate) was 70 years, Covid epidemic would have re-focused many peoples lives and futures, our board would not be immune from those thoughts too. Makes the timing of Kate's appointment even more interesting.

SQZ are in great shape to 'offer' free upside via the PSA and Columbus, with POO strengthening and gas sure to follow imo, hedges into 2021, very low opex, no debt, tax allowance, loads of FCF with >£110 (est) in the bank..... I could go on, but you know the rest... all is great on the good ship Serica. IMO, SQZ are pre-packaged, and ready for shipment on full payment.

PS Guess Kate's remuneration package within her contract would be easy on the eye !

AIMO atb

Yep, "Kiosk Kate" will bring the shutters down on any derisory offer, you can be sure of that.