Member Info for specul8

a lot of speculation on different boards stating that there could be a one share in ophir for one share in salamander this would probably be a fair price and i for one would accept it about a 90p premium on the current price and everyone a winner no cash needed to be raised by ophir either

next step up 108 coming very soon

could be news of cespa deal

tidd the mms and fund managers will be making a xmas bonus with this one they will try to get all the shares before a firm offer is in place i do see this riseing later in the day possibly see 114 at the close of play today Cespa will need to show there hand soon if they are serious about the take over this company has great resources and got the future gauranteed sales to allow good value upto 210 a share an exciting week ahead

this looks like a treeshake the mms are taking your shares hang on or a few days and make some real money

with the clear intentions of ophir for an all share take over, i am quite happy at this however i would like to see the allshare price being 1 for 1 on the other hand cespa are clear to make a cash offer interesting week ahead

be out of this over the weekend great chance of the bid being offered on monday morning

i reckon there will be a good finish today this will be the second weekend that the companies are mulling over what they are prepared to pay for smdr i wonder if its a game of patience afterall we have the possibility of a bidding war and whoever is successful then they will see the cash rolling in for them kerendan gas sales already agreed and sales will start towards the end of this year for the power plant oil production for the second half of the year no down time and averaging 16000 bopd with reduced costs ok also reduced oil price but less tax to a good result for me anything above 159 a share hopefully by ophir then to invest all the money in ophir at less that £2 a share gla

more important we have three opportunities bearing in mind crude is back on the upward trend ophir i am sure will look for a bargain cespa on the other hand is looking at this for a second time my thoughts are that cespa approached SMDR again to discuss the take over for a second time in a year and the management discussed the meeting with the old CFO at ophir the outcome being that the directors are looking after there own interest and of course there own interest is that they have failed to convince large investors to put some money into the pot hence the poor performance of the share price which ultimatley effects there own pockets as they too are invest in SMDR with the market currently showing a blip in the oillies then those with cash in the bank are in a great position those with high debt (SMDR ) are very vulnerable CESPA who probably offered 159 and was rejected are now in a strong position to make a bid, i would imagine though that most of the current management would lose out ophir on the other hand already have friends in camp as they say and would offer most of the current management new enhanced positions the long and short is that we are about to enter a bidding war unless one of them pulls out bidding war is great for all of us as investors hold on tight and enjoy the ride

PETALING JAYA: London-listed Salamander Energy Plc has received two buyout offers, one of which is from a private financial invesment firm owned by Malaysian businessman, Jho Low. The possible buyout of Salamander has another Malaysian angle: it could jeopardise the proposed “qualifying acquisition” by locally-listed Sona Petroleum Bhd, the special-purpose acquisition company, or SPAC, that in June had inked a proposal to buy a 40% stake in Salamander’s oil concession in the Gulf of Thailand. Sona recently submitted its plans to pay US$281mil (RM895.2mil) for the stake to the Securities Commission (SC). However, the latest offers for Salamander adds the pressure on Sona. In a filing with Bursa Malaysia yesterday, Sona said it had taken cognisance of the said announcement by Salamander. When contacted, Sona managing director Datuk Seri Hadian Hashim did not want to comment much on the pending outcome should there be any changes in ownership of Salamander. “As far as I’m concerned, the deal is still on. It is more on who gets there first now. I will not comment on matters that are not yet finalised,” Hadian said. Jho Low (pic) is pursuing Salamander through his Hong Kong-based private equity and investment company Jynwel Capital. Salamander said in a press statement that it confirmed a “receipt of an approach” from a consortium led by Spanish-based Compania Espanola de Petroleos (CEPSA) and Jynwel Capital for the buyout purpose above. Salamander said it had received another conditional proposal from a company called Ophir Energy Plc with respect to the latter’s potential offer for it. However, the statement noted that Salamander had not received the details of the CEPSA consortium’s proposal or any confirmation that any offer will be forthcoming. “There can be no certainty that any offer will be forthcoming, or as to the terms of any such offer. Accordingly, shareholders are advised to take no action at this time,” Salamander said in its press statement yesterday. Salamander’s shares rose by as much as 24% on Monday to close at 96.5 pence. Salamander said that in accordance with takeover rules, both Ophir and the CEPSA consortium are required to communicate a firm intention to make an offer by Nov 24. Salamander said it still believed that the completion of the proposed acquisition by Sona was in the best interest of its shareholders. “The Sona transaction remains on track for completion before the end of 2014, in keeping with the timetable and strategy previously outlined,” Salamander said. In yesterday’s Bursa filing, Sona also said it had appointed BNP Paribas and RHB Bank (L) Ltd as lead arrangers for a US$140mil (RM448mil) loan facility to part-finance the proposed acquisition of the stake in Salamander’s Thai unit. The proposed takeover talks for Salamander increase the attention on Jho Low&#

Cespa appear to have confirmed that should they make an offer then it will not involve there equity ophir on the other hand are very cash rich, i think that the shareholders here are going to be shafted my guess is that ophir will have the upper hand bearing in mind the history of nicholas cooper i also think that it is in the interest of ophir to keep the sona deal which is a great move for the company as it greatly reduces the debt the trouble i see is that the people who are losing out are the shareholders any offer which does not resemble above 160 a share and i would say in real terms i would like to see 210 a share then we are really shafted investors were persuaded to invest in here due to the skill of the management and the promised shareholder value and return however in return we get many poor decisions and it seems like they are now going to let the company be sold on the cheap i think that any investor in this company should really be looking to email the company to state that we were promised a return and that we have trusted in the management so far but we need value instilled into the share price now if ophir would do a deal not cash and offer a like for like share them i would see that as fair value any opinions welcome

I reckon Ophir will try to put a price of 115 and offer the management enhanced pay deals to accept the offer if this goes through then they are getting it for a steal with any luck cespa will come in with a decent offer of around 159 gla

batman where are you

you are correct in what you said about the formal sale however with the share price being hammered down so much reducing the value of smdr then this has got to look an attractive takeover target i am sure that there is a large majority of share holders would sell out at the 130 mark right now i do believe that the medium to long term future of the company is very healthy and we should hopefully realise some value back into the share price it was not that long ago broker recomendations were above £2 nothing has really changed other than the sona deal which is imminent and will reduce the debt by 200 million dont be surprised if there is a hostile takeover in the next two months

hi choppy you are correct the board did not agree to the price that they were offered hence they are in the final stages of selling 40% of greater bualang however if a company such as repsol were to make an offer ie hostile take over then i am sure a lot of share holders would sell and cut there losses ie an offer of 130 a share right now looks very attractive

if repsol offer a bid before the shareholders are asked to accept the sona deal then the sona deal will not proceed production levels have not been halted this quarter so the company is on target to deliver 15-16000 boepd the gas powered plant at kerenden is near completion so the gas sales will come into effect later this year at 44mmscf i would think companies must be seriously looking at this as a steal at this price any other thougths on the matter

surely the current market value of the company leaves it at great risk for a takeover, last year a takeover was rejected at 1.59 a share then i should imagine that a shrewd accountant would realise that they could probably offer 130 a share today and takeover the company also i think they could then pull out of the SONA deal if it happened before xmas

http://www.bbc.co.uk/news/uk-scotland-29531099 What a cock up no wonder the price is so low

Interesting few weeks coming up SCOT RAIL franchise decision due nice little earner with the ryder cup contract 260 coaches plus the extra revenue form the rail travel from the visitors trading statement update due next week i am sure this will have a very positive slant and possible reintroduction of dividend

Hi guys travel on fgp trains every month and travel off peak the past twice I have traveled I have seen that there is only a couple of empty seats in comparison to the begining of the year when there was a good choice I now struggle to get a seat with a socket Bearing this in mind then I am sure the results at the begining go next month will prove to be very positive indeed Antony else finding the same good problem so the UT are all the loose trades throughout the day that could not be balanced and they are all bundled together to clear them up there is no relation to the price movement on them