Member Info for oilboil

When it comes to a sale it just depends on what the acquirer wants to do and what the company being acquired can push for.

Some purchases are all share, so they say they will give you Y shares in new company for X shares in old company which will work out to be a small uplift on the value of your current shares (as it's rare to be bought out for current share price there is usually an uplift)

Sometimes the acquirer puts up all cash and you just get whatever the purchase share price is multiplied by how many shares you own (again there is usually a little premium)

Sometimes it's a cash/share deal - where you get some cash and some shares

The person who said the premium is 50% is generally wrong - it could be 50% but in the vast number of takeovers it is in the 20% premium range

As you've asked nicely you can have one ride

Keef81 the EWT is 4-8 weeks for all testing. Given this is primarily a Gas exploration they will be spending the majority of time on that work. Which required different kit to an oil test

Well with all the it's left it must be ****3d countered with the it's left it must be completed and the lack of an RNS it's Alex Ferguson time tonight until 7am tomorrow when with the absence of an RNS you would have to conclude we are seeing things that were planned (and therefore no need to RNS - they didn't plan to find nothing)

Alex Ferguson Day = Squeaky Bum Time

Yorkshire tiger you say below that 22p is guaranteed by Monday.

So if I buy now will you make good any under performance I might realise between now and Monday out of your own funds so that the guarantee you gave can be underwritten.

Or is this guarantee you claim just a pointless bit of ramping with no substance behind it at all

Why would you pay 1.5bn for an airline when you could pay 200m for the entire company????

Essentially they just sold their agreement for £3.5m plus whatever profit they had in the shares they held if the offer had stayed at 55p.

Not a bad days work really for them

Well given sandgrove have given irrevocable agreements to vote for the takeover (thats how i read the RNS) I would humbly suggest this is now a done deal

It hasn't failed, Luck counts is pointing out that a number of IIs and Hedge Funds now own a significant chunk (mostly bought at around 53-56p) - it's unlikely they'd do this to just sell at 55p so LC is supposing (sensibly) that those large holders are going to object (or apply upwards pressure) in some way.

The vote can't fail until it is voted down or Medco recindes it's offer...

I suppose that could work, whatever happens though Ophir is going to be an Indonesian or at least South East Asian company either way

I don't see a viable alternative - the current path isn't working, and no-one else looks like wanting to open their wallet and buy instead.

I don't want to sell at 55p - it would be a disaster - but I don't see what happens next if the deal falls

I can't see the vote failing, the share volatility has died down and no one else has appeared with a better offer. 8 days from today Ophir will be no more

What annoys me about these "can't even buy" posts, is that I then go and try myself and guess what - of course you can...

It's always possible that at a certain exact moment there is no offer price or it is massively high; that doesn't mean you can't buy - just try again. It happens on loads of shares - and they very rarely then go on an have a massive rise in the next day or so

You will get 1 share for every 20 you had before.

For shares that don't make an exact multiple of 20 you usually lose them (not really worth anything) and all these bits are joined together into a big pot and donated to charities (don't know if DBOX are doing this but it is common)

I agree a buy back would be much better than a consolidation, I'm struggling to see where they would get the money though to make a meaningful buy-back programme.

To be worth doing they'd have to buy back at least 10% of the stock (or 20m at today's prices - give or take) - the act of buying back that sort of amount would instantly raise the price and therefore make the whole programme even more unlikely.

Buy backs are complex - I've been involved in a few, they aren't easy to organise or execute

I take it you barely scraped a pass in GCSE English then. Maintain and Expectation are not synonyms of each other.

Continues to maintain is a statement of fact - it's either true or it isn't

Meeting expectations is subjective - whose expectations and what tolerance are we applying to expectations

Essentially you knew your post sounded like it had been written in the back room of a pizza restaurant if you quoted the actual words used, so instead you made some stuff up.

It's like when on your menu you say premium handmade pizza base, when in reality what you mean is I washed my hands before I made your pizza sir!

If I'd read the phrase meeting expectations I suppose I might have thought well let's read between the lines. The thing is it's not in the RNS anywhere, are you sure you are posting on the correct board (or read the right RNS)

I know that the level of intelligence Tom expects in his pizza boys has gone down lately but not actually reading the RNS takes pepperoni infused stupidity to a new level

After speaking to him I'm adding Marky5858 to the list as well

Who is long and strong in UKOG - let's start a list so we know.

I don't get the issue....

"
Opinion: No Opinion
Price: 21.50
Re NomadToday 00:16151 companies have been forced off the AIM market after losing their Nominated Adviser (Nomad) over the past decade including 14 in the last year*, our research shows."

So 15 companies a year out of the whole of the AIM listing leave the exchange due to no NOMAD. It's hardly a lot in the grand scheme of things.

I specifically like the fear inducing "including 14 in the past year " which could equally be written " including a fewer number than average last year"