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Think you're confusing the shares you may buy with the warrants with the warrants themselves again Camkite. I'm not talking about the shares - yes I'm aware you have to pay for the shares and phone your broker etc. to exercise the warrants. I'm talking about the warrants themselves!!!!

Not to mention how many!

There must be some record of them somewhere though surely. Or is it just up to shareholders to remember that they have them and know when they are available to be exercised? I'd be very surprised if nothing appeared in the account!

I think we're confusing the warrants and what happens if/when you exercise the warrants here. Yes if you want to exercise the warrants you have to pay 80p - that's the point of the warrants. But the warrants themselves are free to qualifying shareholders i.e. those in as of 5pm 5th Jan!!

No that's definitely not correct Camkite, we don't have to buy the warrants!!

The warrants should appear in our stockbroking accounts around 24th February I would guess (180 days prior to the expiry date). Not held warrants before so I'm assuming that's how it works. Should hopefully get more details in the GM next week.

Or perhaps 7.5m shares at 200p and acquire a company worth £25m

Or maybe 10m shares at 125p with 5m 100p warrants.

They will issue 15m shares at 100p and acquire a company worth £20m.

I get the impression they have (very) deep pockets as well as a great appetite for their own stock, so wouldn't be suprised to see them continuing to buy as and when, within the market rules of course.

That's 6 trading days away.

Hard to tell as the bid/offer was 38.5/42 at the time, the 150k is at 40. Nearer the bid but then small sells were going through at 38.6. Either way its all in the price. If there was a large buy today it won't be shown until Monday by that measure.

Spot on!

Two of them are from yesterday (may be a rollover actually).

Viet Energy Ltd is not a listed company - would explain the lack of news releases such as BFS?

Correct they want the authority to be able to issue up to a maximum of 150m shares in order to persue the stated strategy, being to acquire companies in the stated sectors using a flexible mixture of cash and shares where appropriate.

Oh the grand old Duke of York..

Its crystal clear as long as you know what 'nominal' means in this case. All company shares have a 'nominal value', usually something like 0.1p as it is here. So when they say £150,000 nominal it means 150m shares. That has NOTHING to do with the shareprice they may issue shares at.

Albeit a single share.

Apparently this is not a Japanese toy, but means "deeply independent, vivacious, quick, entertaining and passionate”