Member Info for quelfromage1

Alaric yes looking good as it has for sometime now.

My vote is for a special dividend rather than share buy backs - cash in my pocket (well SIPP & ISA) and no faffing.
For a buy back I need about 70p to break as I have stated before. Given all the positives you have outlined I believe the sp will eventually (hopefully before I go senile) go well beyond 70p hence my preference for a spec divi. But I appreciate the company may prefer a buy back.

QF

Looks like the directors etc think 26p is a good price albeit they haven't exactly broken the bank with their spending.

Just give us some positive news ...

And the price has pretty much always moved a lot on small vols (low liquidity)

JTR I agree it is very undervalued ... and patiently waiting to see £2 again ...
.
However, my HL account indicates that I will get 2.4 times the basic entitlement of 1 for 16 (money has been debited from my cash account) so it doesn't suggest it's oversubscribed ...

QF

And 434,500 sold or labelled as such ...

Gunthorpe I missed that. I have found it elsewhere but I see no information on the placing on this site or hl ...

No hl quote 30p to buy ...

No reported trades but sp down 4p ... Do the mms have an order to fill?

From Malcy's blog, a rare comment on SLE

Lekoil/San Leon
In an unusual piece of transfer news I notice that Lisa Mitchell has left Lekoil as CFO to go to San Leon in the same position replacing the evergreen Ewen Ainsworth. Now it’s not really out of the frying pan as they say but i’m looking forward to hearing the reasons for this financial merry go round…

QF

"then look to sell their un-tendered balance into a quiet market, is perfectly normal and understandable. This may take a day or 2 but that excess will of course be taken up."
Yep that's my take on the price drop. Nothing to worry about.

Yeah you may be right ... fallen away again ...

Well, based on todays rise so far it does look like Friday's action was straightforward overshoot ...
QF

"the conclusion would be that at present the market thinks that AZN have overpaid for this asset. In contrast Daiichi stock is up some 16% on the news, indicating that the market thinks they have the better end of the deal. "
Or it's straightforward overreaction as often happens ...

Yes low free float. Look at the spike in January ... Traders delight although I'm a long term holder too.

You can also argue that diversifying is no bad thing.

Mr Afamefuna. The 9 year chart trend is irrelevant to the current situation as you well know.
QF

PC01, btw, I don't claim to be wiser that anybody at least wrt SLE

But I think the offer simply says that a max of 50.475 million shares will be purchased at 46p. It doesn't, unless I have missed it, indicate what will happen if the max is not reached. So I would say there will be no open market purchases at that stage but there may be another SBB announced in due course (or another means of returning value to shareholders).
Bluerill will no doubt correct me if I am wrong.

Pc01 yes that would suit me fine.

From the results rns
After progressing our wholesale partnership with McColl's more quickly than initially expected, we achieved our target of £700m of annualised wholesale supply sales ahead of our initial end-2018 guidance. We expect to begin to supply McColl's remaining c.300 convenience stores towards the end of 2019, with some sales benefit likely from the second half. Our plan for £1bn of wholesale supply sales in due course remains unchanged.
Looks ok to me.