Member Info for rylidan

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).

So the readon for the recent oil pruce surge seems to be that EIA data showed that US crude stockpiles fell by 1.536 million barrels last week, instead of the expectation of a 1.338 million-barrel increase

Looks like we are the preferred bidder in the eyes of the API BoD. Great news IMO and will be a win win for both companies and shareholders.

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.

Part of the rise today will be down to people reinvesting their dividends (like me)!

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.

Brent also up over 2% today, to almost $84

Dividend in 2 days time. With 3%+ bring returned in cash there could be a scramble for shares! Happens when daily trades are generally low.

Currently SHED indicative offer worth just over 55p a share, where CREI firm offer worth just over 60p

CREI was moving up with the expectation they would win as the deadline was approaching. Now it looks like SHED are intending to make an offer. My guess it may be higher than the low ball initial offer they made. Still hoping CREI win.

So we wait another 2 days......

Probably won't find out until Thursday morning. I expect an RNS then, if not tomorrow as SHED have made an offer. Personally I think they are simply kicking the tyres with a derisory offer. It has allowed those with shorts under 0.5% here more time to close. Just my opinion. Nice to see us getting a bit of value back in the share price.

"Pursuant to Rule 2.6(d) and Section 4 of Appendix 7 of the Takeover Code, the Panel Executive has ruled that, unless the Executive consents otherwise, Urban Logistics must by 5.00pm on 13 March 2024, being the seventh day prior to the date of the Adjourned Meetings, either announce a firm intention to make an offer for API under Rule 2.7 of the Code or announce that it does not intend to make an offer for API. This deadline will cease to apply if, before that time, a third party other than Urban Logistics has announced a firm intention to make an offer for API under Rule 2.7.

Each of API, CREI and Urban Logistics has accepted this ruling."

That report is 4 days old, and the incident a week ago. Providing safe drinking water while the spill was contained and cleaned was important. I note we were not at the government meeting on the 9th, where I dare say the focus was on the reason for the accident and to put in place necessary mitigations for the future.

Hopefully everything back to normal in the area now.

Oh, just seen my 12k buy recorded as a sell. When will LSE stop bothering with providing information that is misleading at best. Just record the trades.

Been watching this for a short while after the recent fall. Decided that now is a good time to start building up a position here for the future.

The buy backs are a good use of funds, given dividend is 2x covered.

Having a government more committed to carbon neutral will help. Its on it way.

GLA

Update more or less as expected, and as provided early Feb. A great 12% yield atm

From what I can gather, petrotal assisted another company

"Trans Fluvial Rey E. I. R. L., for its part, sent a delegation to the town of Manco Cápac, Jorge Chávez and other communities to manage the supply of food and water. Meanwhile, the Loreto Conflict Prevention and Management Committee, – where PetroTal also participated – ordered the sending of health brigades and has been coordinating the delivery of supplies with the Municipality of Puinahua.

▫︎ The company Novum Energy, owner of the crude oil, activated response level II of its contract with Lamor, an international specialist in spill control, which immediately ordered the sending of vessels, equipment and specialists to execute its action plan in the Canal del Duero. Puinahua, as well as the hiring of 120 local people for cleaning work under the coordination of 15 supervisors."

I'm afraid I'm with shorter Tom atm. The previous update was good and we fell back in low volume. Just because one short has fallen below the reporting threshold doesn't mean they aren't still active. We need a stream of good news.

We also deserve to be higher. Whether we get there soon is another matter. Patience is required.

I'm guessing that this negative price action is because the march update is a bit later than recent years. However, we only had reassurance a month ago, and a healthy picture was painted.

So decided that this was a good place for a small top up.

Expect dividend announcement this week and a strong correction. We shall see.

GLA