Member Info for Peakview

in presumption territory when discussing possible takeover bids for IOG of course. But I would say that duster's guesstimation figures are pretty much on the money - in other words around 41p per share to be properly considered. The LOG holding and timing are also key issues - but in the final analysis it will be refused imho. Why would BH/CalE stand idly by whilst some upstart sashays off with the little jewel in their O&G crown? Hard to imagine.

duster - if AA is contemplating a bid along the lines of his Rockrose impertinence we are going to say Kist Off! He is going to need the thick end of £200m in investment loans to make any sense.

Update - full Ask 23.5p being paid and 22.75p on the Bid for biggish tranches if wanted.

Also worth remembering that we always have CalE resident in the back office. They know the potential and their own agenda here and will comfortably rebuff any offers with silly sales out of the question. We are definitely on the move now and yet more positive news on all fronts will only enhance upward trending for the SP.

Sailor or GG might have the answers to that one monkey! Exaggerated spread this morning conceals true picture - we are 22.125p to Sell any amount and 23p to Buy. This will narrow as the trades roll out.

Topping up time, so just pinched another 4k @ 22p full price. No great volume, but 99% Buys today and this spread may not last with 21.80 being offered on the Bid. Newstime from the BOD on general progress next week?

Just nicked 4k @ full price 22p on HL. Could try for more later today. Selling at 21.61 so this Bid price needs to be adjusted.

Bit obvious Mr. MM isn't it? Move up the Bid a penny or so, then we can all get accommodated whether its Buy or Sell? Personally I would like to top up, but each to his own agenda.

now, and we have the expectation of an important raft of IOG news and updates due in this quarter, leading up to the milestone of first gas - which should be a game changer for the SP. Quite a lot of off-market manoeuvreings have been taking place, with increased volume just recently, so a very interesting period lies ahead for IOG holders. GLA

No duster - we PIs have to pay the right price, off-market lumpies get around 2.5% discount! Way of the world.

It's got us all guessing just! As GG says, we have to wait for a continuance of news on the key issues.

for some time, with an estimated £60k in Buys at the very least. Might help the MMs put in a proper spread before we get some news.

All good points mole, and summarises my own take on the current scenario. If that mystery bidder comes in, feel sure that CalE/BH would counter that to protect their own Bond commitment and the 50% - retaining the expertise of the current board to head up further projects in the agenda. As the latter have most of their recompense contained in share options, I see this as a positive. As a matter of interest I am in no way a seller, but requiring some running around money, I had no difficulty in cashing 10k shares at full current 21p SP - and regard that as a positive also. With developments almost certainly imminent, further patience is definitely required.

mole - agree that returns were seriously downsized by the LOG saga etc. but we have to accept that the CalE Bond was our lifesaver at the time, and all the engineering progress that has taken place has been dependent upon it. Have already made the point about low trading volumes unlikely to be the action of a would-be suitor, and LOG made a point some time ago about a measured release of equity being on the agenda when an acceptable SP was reached.
If I had to choose a potential bidder, would love it to be BH/CalE. They would surely be interested in the whole dish once the progression to first gas was a fait accompli? They most certainly have the financial clout, and the acquisition of IOG would fit their agenda of becoming players in the O & G industry. Just a thought.

If "someone" is soaking up stock, they are doing it at a very gentle trickle. No reported changes in the holdings of the regular institutional investors so that one remains a mystery. They would need an awful lot more stock to establish a credible bidding platform.

I sincerely hope you are not right about the shafting duster, as like most LTHs I will hold the line up to the delivery of first gas and beyond. Time will tell as you say - but how much time?

Sea of Red on this site is misleading, as all the 21p trades are Buys at the current rates.

Boring?? You could have fooled me when we were backing a company without funding to average down the entry prices in the high 20s and 30s! Current incomers can take a "boring" 50% mark up in less than 3 months or so or chase their hunch on any number of risky start-ups on AIM?

You can add IOG to that list as they are trading at 50% discount to NAV and well on track to deliver first gas to Bacton by Q3 this year.

Good points mole - yet more patience required!
Attempting to bring some accuracy to today's trading stats - there were 1.57m shares traded, and whilst it is harder to define the off-market trades, it looks like over 1m of these were Buys. A much brighter picture, and lets hope we can kick on from here!