The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Also looking forward to the update tomorrow. Last year, we received 8c in dividends. Reckon with futures oil prices as they are for this FY, I reckon a total return of 9c to 10c is possible / likely. The trading range has been 42p to 50p, so that should also bump up, 48p to 60p as a conservative estimate perhaps?
Looking good.
GLA
I wouldn't exactly call it junk, but the costs of winding down and selling are an unknown process with potentially high costs in percentage terms. SHED don't think there's any profit in it, and their costs would be lower with a fully working team.
I also have no interest in owning SHED with lower returns and paid twice a year.
Agreed Jaxon. I now hold around 60% CREI to 40% API as there is still risk that the deal won't complete. Its been quite a profitable time trading between the two. There have been some mad movements. The end game is close though. We should find API getting closer to the .78 of a CREI share. How close depends on how much risk in the deal people see IMHO.
Meet in the middle is somewhere between 71p (current API ahareprice when factored) and 76p CREI. Then API at a .78p multiple discount to that. Of course it may easily move back above 79p CREI as soon as the API shorters close out. US shorters have been attacking UK REITs for the past 2 years. I assume that you actually own shares here? LOL
GLA
That's simply incorrect. Assuming that this deal goes ahead the two share prices need to meet. API needs to go up, or CREI needs to come down, or most likely they will meet in the middle. When the deal completes is the fist you'll know of how the market will react. Give it 3 to 6 months and it will become obvious that the combined company is far stronger than the sum of the parts (IMHO).
Very pleased with today's update. They are correct in that, personally I still want exposure in this market, and prefer the CREI offer precisely for the reasons given.
Some way to go, and SHED may still enhance their offer to make it more compelling.
Looking back at the last dividend, the FX rate HL used was 1.262, which using Google data appears to be in the FX range on the 14/12. So I assume they use the FX rate at the time the payment is made to your account. Petrotal do not issue FX rates for dividends unlike some other $ shares I hold.