....the answer is yes.....from a strategic point of view....Iberdrola....aquiring Seaenergy outright....would secure the majority of Scottish wind farm licences for itself .....and guarentee order book for their Gamesa wind turbine manufacturing plant in Glasgow....For Iberdrola not to take advantage of Repsols low ball offer...would seriously undermine their whole Scottish renewable operation....The urgency.to find alternative renewable energy supply...was also underlined last night by Iberdrola (Scottish Power)....when they announced an increase of 15% in gas prices for this year.....Come on Iberdrola Sea are a sittig duck.....GLA Regie
Interesting Vesta are investing in a new wind turbine factory in Edinburgh....EDPR recently placed a large Spanish order with them.....Vesta must be preferred supplier....Iberdrolas Gamesa Glasgow wind turbine factory may miss out on future work....makes them more likely to bid for Seaenergy IMHO....!5 days to go before takeover is rubber stamped by shareholders....Repsols EDPR low ball bid does not deserve to succeed.....Come on Iberdrola.....Seas for the taking.....GLA Regie
.....It is my belief.....Spanish giants.Repsol and Iberdrola (Scottish Power) will now slug it out for control of Scotlands Seaenergy....Why?....Scotland is Iberdrolas backyard through its ownership of Scottish Power..... and their wind turbine unit Gamesa is building a large manufacturing plant on the Clyde....Iberdrola will be concerned about increased competition.... lack of wind licences in Scotland.....and orders for their Gamesa unit.....GLA Regie
......theres always a twist to shares....they.go down before any significant rise.....I always follow my own judgement/ perception....in Seas case they are undervalued and Repsol have now put a value on asset....auction has now begun....Do you honestly think Scottish Power will let this new incumbant into itsown back yard.....no.....not for a minute....this is why I believe there will be a counter offer for the whole of Sea......GLA Regie
.....we have had an offer excepted by BoD....not ratified by shareholders yet...the .fat lady still has twenty days to find a sugardaddy with larger pockets.....to take her up the aisle....GL Regie
.....a low ball offer is a tactical mistake by Repsol.....and leaves the door wide open for a counter offer....which management will have to back....GL Regie
..... at 41p per share company is now valued at £29m....which is below net asset value of.....£40m.....=25% dsicount to.NAV = 50p.....My belief is we will recieve an increased offer for the Serl unit and/or all Seaenergy before Spanish oil major Repsol derisory offer is approved by shareholders later this month....My advise is hold untiil then....nothing to lose everthing to gain.....An increased offer of £75-100m....will give SEA sp in excess £1.....GL Regie
......Eon, RWE, Ibrolia, EDF, Centrica.....all offers welcome....Im off to the chip shop for a high calory workout....Some might call me a Cityboy yuppy....GLA Regie
.....This business has not been sold until the fat lady sings (shareholders) vote on it later this month....which is a fact....Why you persist on saying its sold before shareholders have a vote on divesture is complete nonsense.....GLA Regie
Management encouraging higher offer6 Jun 2011 13:06
....Sea .management have released this news.....why? to encourage higher offers for Serl...Management know they have been subjected to a fire sale.....and are now going for broke....this announcement is calculated to flush out a higher offer for Serl IMHO.....Sea management appear to be as disapointed as we the PIs are at Repsols derisory offer....Game on....GLA Regie
Deal has to be approved by holders6 Jun 2011 10:18
.....This is not a done deal....shareholders have to ratify this derisory offer at special shareholders meeting... held later on this month....It is my belief.... after a period of exclusivity....Repsol having now made their low ball offer....others will now pounce....Remember other potential Seaenergy aquirers....some losers in the recent Scottish wind lincences...have already done due diligence on the company...which could account for up to 25% of Scotlands future electricity needs....Therefore...I strongly believe a bidding war for Seas scarse prized asset is highly probable....GLA Regie
......We now have a figure......£50m for 1500MW....=£50,000. per MW...with company valued at £48m....A.poor rsult from management team.....All holders.....this is a cheep asset....true value lies somewhere in region of £100-150m...compairing similar asset sales recently....It is now my belief company is in play....and we will recieve more serious offers in the coming weeks....that I am sure....Im holding....GLA Regie.
I believe SEA are negociating for a higher price.....something in the region of £150 + ....Anything less.....does not reflect current similar asset values or renewable energy sentiment IMHO.....Topped up with another 5k this mornng.....Not long now folks.....GLA Regie