Member Info for rylidan

All looking good to me. Couldn't resist a top up (showing as a sell!) before ex divi day tomorrow.

GLA

What's more the CREI offer was 62p based on their share price at the time of the offer. The new one is 59p.

I have every confidence the CREI shareprice would re rate over 80p if the offer goes through.

I'm sticking with what I see as the better offer.

Personally I think this is just a ploy to scupper the CREI deal. I was very happy with that outcome albeit CREI are getting a great deal IMO. You have to realise API is in the grip of shorters who are desperate for this deal to fall through.

Our weakness is size of portfolio and being in the Aberdeen stable.

I don't trust this "new" offer. I'm not changing my decision. I also don't trust other posters, so I'm certainly not going to change on the recommendation of someone I don't know, and whose motive may be suspect.

GLA make your own minds up!

I also don't have a problem with Karo. I'm also very happy with the input from Theresa around the times of RNS release. It is very rare to get that, and I very much appreciate it.

Will be looking to top up when funds come in, assuming we haven't climbed up quite a bit. Very undervalued on the assets owned IMO.

GLA

By the 4th March is my guess. It is a guess though!

Nice to see directors taking advantage too. Everything out in the open. Work to do, but should be a solid long term investment from here. I started building a bit too soon, but happy with my ending position.

GLA

Passed $83 in last hour, but a bit of resistance there, or so it seems. Will be interesting when the North American Market opens.

I think Manolo said they were limited to 28m shares a year buyback, which was stated as 10% of free float? So more buy backs may not be possible. If they keep running the current one I'm happy.

At 50p this would still yield 13%, before any tax payable. Seems like 2c is almost the new 1.5c, but guess the BoD like the flexibility of falling back to 1.5c if needed. Hopefully we have at least 6 months of high productivity ahead to set us up nicely for the full year, and maybe a full year dividend in 2024 over 10c.

GLA

He did rather spam the board yesterday. One of your quotes starbright

"Too much regurgitated LSE bulletin board nonsense on these topics…"

It isn't personal. It's just a BB! I think there was rather malicious personal statements about the BoD yesterday. That did feel personal. All IMHO.

I only have my toe in this water, but it's an interesting sector with plenty of potential.

Absolutely superb that they've paid a Q4 2c dividend. Equates to a 15% yield for full year. Expecting 2024 to be even better.

Shorters don't normally fight against a buy back. No such luck here. Reduce the dividend and switch half to buy back IMO. Good for anyone who pays tax on their dividends.

So in less we've gone from being a great buy, to being a great sell? What about the recent reassuring RNS! Being played with I reckon, so time to take advantage soon and add to my collection.

GLA

Buy backs taking effect in lower volumes, as expected. The panic is subsiding, and we should climb slowly past 60p, towards 70p, I hope!

Oil reserves RNS. Not showing here yet!

Sorry for the spam while I'm watching the Africa Cup final. On 26 Jan Blackrock held net 5.26% CREI, and 5.22% API. On 9 Feb they held 4.91% CREI but 5.71% API. Allow for the .78 factor on API and I think you'll find their overall position is about the same. They look confident this deal is going through IMO.

GLA

They still own almost 5% of CREI. Reckon they may need to increase their stake if its related to a tracker fund, and they are doing that by buying API. The combined company will be considerably larger than CREI now, and attract more institutional holders IMO.

Look at the forms from Blackrock. They are buying API and selling CREI using cash settled derivatives. I believe they could be making a profit on the price differential. As I stated earlier.

Cheers

GLA

Take a look at the trades. It's mainly the funds playing with the shareprice and manipulating a profit pre merger. I reckon it will correct as soon as the merger goes through. Just my opinion. I have a good size holding in both shares and have voted for. It was an easy decision.

I am sometimes perplexed by the share price movements here. I saw no real reason why we stopped rising at 50p ish, and then why we fell from 48p to 43p.

Just looked at the OTC market data. It appears the US market shorted PTAL at those exact points. Currently over 6m shares short, which they need to buy back at some point. With a strong update this week I'll be now watching the short data closely, as there should be considerable demand after another 2c dividend IMO.