Member Info for Stupmy

NSS I've been googling to try to get a handle on what might happen, but I think I'm asking the wrong questions for the moment. At least I'm not making any progress.

Thinking outloud the 3.60 is at a good premium the SP when the deal was announced. Those shares will not enter the market until after the deal is ratified (Q4). If the deal is ratified, the current SP is likely to rise as it'll removed uncertainty and the deal is considered to be positive. If there are difficulties, the SP could get volatile (my guess is that we will get some volatility that might provide entry opportunities) and if the deal fails then the SP will fall. Assuming the deal is ratified then at some point after that date the the new shares will be introduced into the market and I assume those shares could be sold immediately at a profit. If I'm right then we could get a pull back around that time.

Modestus, was it the build in Products despite the draw in crude that has pushed the price down a little rather than the broker note? I think it's 'another' opportunity. I'm not starting work until monday but will be looking at the possibility of buying more early next week.

Do you think that's impacted by the suggestion that TUI may delist from LSE?

Does look to have been spot on!

Indeed, hopefully we'll get a bit more. I'm not yet at b/e!! Great xmas present though if we've finally turned a corner

Wow, what a great rersponse to that RNS. Almost as if that news took the shackles off the SP. Does make you wonder about the 'reality' of SP movements. Would that RNS justify a 15% rise in the SP of ENQ if ENQ was fairly valued? Or is this somehow related to the very low valuation of the company at the moment. I hesitate to say the 'unrealistically low' valuation as the market knows more than I do. Very happy though to have the pressure come off a bit here.

Thanks Voiceofreason, I was guessing along those lines, but didn't actually know it. Fingers crossed it's well received by the market.

ukb, that's a nice way of thinking about it.

Is any of that 46 million classed as profit and taxed at 75%?

Not sure how to interpret that.

46 million to Enq. 34 million for general corporate expenses

How interesting is that, I added 200,000 this morning and more yesterday! Might have been me!

They know exactly how the market will respond, but rather than stick to their promises and cut their cloth accordingly, they go for lining their pockets with the cloth and borrowing to fill the wholes in our shoes

'Sitting idle while building up cash reserves would have been much more preferable than borrowing more at this stage. No chance of a buy out in the next 12 months. Did they not get advice on how the markets would perceive this or did they just not care about the effect on the share price, it all seems very strange!'

They knew how it would be perceived. Borrowing now will not be on good terms. A year or two down the line would be much better terms. Typical small company 'story to reel em in; lot's of promises along the way, then rob them blind'. Very disapointing.

I think it could fall back to around 65. I closed most of the worst of my positions yesterday at a profit (small) and hope to get the chance to buy them back if it does drop back a little. It seems VOD are attracting attention from other enterprises.

Bonker, I have that 507 gap already filled (Oct 6), what you wrote suggests your data is not the same as mine?

Any sort of a buy signal from here looks like a good place to start trading it. I'll certainly be watching closely. Would not be surprised to see 521 or 516/17, but may not wait for that to start long on this.

Interesting Modestus.

Thanks miles. I should look into it more, but it's very helpful to have people like you around who understand it and share your knowledge.

Thanks Miles and are any of those advantages tied to the lifetime of the EPL? If that's the case, I have the same question, which is basically 'if the EPL is repealed, is CCS still beneficial to us financially'?

Thanks NewKOTB, what does that mean to us if the EPL is repealed prior to 2028?

I have started to wonder about that Miles. At first glance it's not obviously commercially attractive. I see HBR has 2 licences and the commentary suggests that the ongoing projects (not HBR) have lot's to do before commecialising tight margins in a complicated area. What's the reason we're involved at all? Are we compelled by legislation?