Member Info for shamI89

Be sold by Chrysoar to raise some money.I am furious at TD as that b....... Set off these chain of events by buying these BP assets which he did not need to buy and landed shareholders in tight spot.Now they have let go of them but has accepted this pathetic deal.It boils my blood as he should have let them go early and we would not have been in this position.He should be prosecuted for this gross misconduct. It is a really good deal for Chrsoar not only they are getting 4.1 billion worth of historical tax credit to claim against north sea production but they have got assets worth billions and 135 k bopd. 5% stake is a joke and investors with higher averages are screwed.

I have got a feeling that lenders/bondholders have paved the way for this deal.Rights issue would be better option than this in my opinion.

Better for investors than this deal as if investors were allowed to participate in rights issue they would have benefited directly from any rise in poo .TD is most incompetent CEO I have ever seen and I have got a feeling that he has deliberately shafted shareholders.He did not need to buy BP assets and then kept everyone dark by announcing a rights issue and then surprising everyone with this pathetic deal. Historical 4.3 billion losses that can be used to offset any capital gains tax on North sea production were enough to justify 20% stake in this new company. Chrysoar is getting 13k0 bopd company with some really attractive assets for free.Premier's lenders/bondholders have gained most from this deal not only they have got most of their money back but got 23% stake in new company.This company has assets which are at various stages and could be brought to production soon.In these sort of buy outs company assets are stripped to pay off people who lent them money in first place so I would expect to see new companies selling some of assets like Zama and Falklands.

Some historical tax losses I think about 4 billions to claim against any production in north sea , but it had some assets like falklands, talmount, cacher and Zama , not to mention of Indonesian assets. The way I look at it is that Chrysoar has paid off 2.7 billions but with that they can use prmier's historical tax losses to offset any capital gain tax on North sea production , they are also getting a company with 130k bopd production and which has some assets which can be developed really quickly to increase production.

looks like all of the money that premier spent on buying and acquiring assets has gone to benefit Chrysoar and premier's stakeholders , shareholders have been shafted.

I did warn people of rights issue on RR bb when share price was 200, guess what happened.Right now share price has to fall to that level so I am waiting.

When company announces something like debt restructuring, looking at other options or refinancing it is a dead give away that shareholders to going to be shafted.But here in this case there is no way this company can pay 8 billions debt and lenders are probably trying to squeeze every penny it has.

Most of time people dont understand everything and get in thinking it is oversold or undervalued bla bla bla . Lets see, I am 100% confident that any debt restructuring would lead to shareholders wipeout.

As debt restructuring would wipe out shareholders.I am still surprised people are buying it.

I would disagree as tomorrow would be their pay day, how can this company survive without cinemas opening.Right now it is a company with zero income, huge expenses and huge debt to repay, not a good buisness model.

Poilcy has killed hospitality industry , I feel sorry for shareholders as it is beyond their control.Retail and travel sectors would suffer too, may be time to go in cash and wait for market to recover.

In this share that he/she cant afford to lose, it is game over.

Of this covid 19, government has tough decisions to make as if iy shuts down whole country economic cost would be too big and if it does not do so too many precious lives would be lost.

Fall as we approach the date when 32p rights are issued and dumped.Normally people would buy their entitlements and sell their original holdings and short until share price is stable.Recently some companies's shares have hit the rights issue price or just above.So share price can be anywhere between 32 to 60.Dyor as always

It depends on recovery of international travel as that 75 millions a week revenue they were making from flight engines is making a dent to company's balance sheet.They must be making some money but a big chunk of that revenue is directly linked to international travel recovery.It is a leveraged play now if international travel gets back to pre covid level company would be in a really good position and shareholders will benefit hugely.

We shall see, as post covid -19 Rolls Rpyce is a diiferent company to pre-covid Rolls Royce.A lot has changed since then, too many people attacked me when I mentioned rights issue and there was usual bs like it is not gauranteed, or company has alternative ways of raising that much bla bla. Somebody even questioned reliability of newspapers and questioned their sources.My understanding was that company had looked into possibility of raising money in July and held meetings with banks but decided to wait as it had hoped that international travel would get back to normal .But second wave surfaced last month and that put an end to international travel recovery as a resut company found its finances under strain due to it.If company went ahead with rights issue in July/August it would have got rights away at 150 level but its gamble on international recovery took a toll on share price.Right now real winners are big players as they have money to get their full entitlements plus money to short shares to its bones and add more once it has reached "bottom". They would benefit most from any recovery in share price, very few private investors have resources to take advantage of their full entitlement let alone finding any money to short it or increase their holdings.

For newbies dont get sucked into this recent oversold hype by few individuals, many of these giving all sort of calculations got in to make a quick 10/20% profit and got stuck so they are trying to paint all sorts of rosey pictures to make this look good or not show actual picture, some of these were misleading us by saying that a rights issue wont happen bla bla.Some of "legends" were negative on this company and got in yesterday to make quick buck and are in for a long run so they are trying to paint a rosy picture as well. Whatever way you look at it carrying out rights issue at 32 which is roughly at 72% discount to previous close is not good and shows how desperate company was to screw over shareholders or it was in critical financial situation.Right now dont take any position and wait and see.In worst case scenario share price would get close to 32, in second best scenario it would be around 50 level.In best case scenario it would be trading around 60.All of these scenarios are based on my personal opinion but lets see what happens.

It is gauranteed take up around 32 if private investors wont take these up institutional investors would.

Did tell you rights issue would be bad but not in my wildest dreams I thought things would get this hard that company would carry these out at 32.Looks like institutional investors are real winners here, not only they have a chance to reduce their average by taking up rights but would short it to recoup some of their losses and would benefit most in future if company goes on to do well.

Are you stupid or what for every 300 shares you get 1000 news shares, so in nutshell you pay 671 for 1300 shares and divide 671 by 13 to get overall price.But looks like you took the plunge and got in towards the end of trading day at 130 and now you are panicking.Stupifity of Toff grows
Sham