Member Info for thesonandheir

Because the debt is huge and the banks want their cash back?

So if the offer does not come through then the option are: Placing. Bust. Either way shareholders would lose everything.

Direct question mate, please answer. What happens to Petroceltic if the Worldview offer does not come to fruition?

But you didn't tell people to take profit though - you told them to keep buying as an offer would come in for multiples of mcap. Shorters don't lose people money, blatant rampers of dead dogs do.

So what if the offer is not made then?

Be careful here as you could lose everything. Shameful ramping by Ironic - please filter this guy as you will likely lose money listening to him.

Aah well was just a punt anyway.

Earnings beat yesterday but sales slowed. Investors concerned about future growth. http://www.ibtimes.com/apple-inc-aapl-q1-2016-misses-iphone-sales-revenue-sets-184-billion-profit-record-2280876

Hardly any trades here all day, massive spread probably puts people off.

Hi Huggs I have no doubt the asset will get to first gas in 2020 (that is being generous as the O&G game is notorious for delays) but the current equity holders will not see the rewards. Instead they will either be massively diluted in a debt for equity swap or just wiped out completely.

Once they get past a certain level of ownership they have to make an offer for all the remaining shares, you have a choice whether to accept the offer and sell (advised) or hold out and have the stock delisted anyway and become trapped. Normally equity holders get screwed - the only ones who come out with something are the creditors. I think there a few nervous investors looking around their portfolios this year, especially in the oil sector. Those companies that have tradeable bonds are seeing those sold at a discount - that normally signifies the equity is priced to fail and therefore worthless.

Looks like same holdings RNS issued today and yesterday - both Oppenheimer Funds at 15.68%. Sort it out WanDisco, who would trust you with Big Data when you can't even look after little data.

Hi Ironic AFAIK they need 75% to take it private and delist from AIM. They could well do that and wait the low oil price scenario out whilst getting rid of the useless BoD.

Why would Worldview take on all the debt and aquire the rest of the shares at a massive outlay when they could just talk direct to the banks who are in control and offer them a derisory figure for it all? I'm guessing that the above will happen or WV will just bail completely - now way will the be daft enough to fork out for the remaining equity at pre-oil collapse valuations. http://bit.ly/1nu1Zgy

Sounds like a vague profits warning to me.

Great post there hawk, best to look at these things with a bearish view as most companies sugar coat things and miss out important details (like cash!) from official communications. Investors job is to look through that and piece together the puzzle from the various bits of evidence presented. Often telling is what an RNS doesn't say rather than what it does that is most interesting. Agreed that the next RNS will be a killer and people will wish they had got out on the recent pump. Sadly I don't think there is anyway back for this company and it will end up delisted before the end of the year.

Err, not sure if anyone was daft enough to pay full price when there's an oil bloodbath going on. Surely a bidder would offer the lowest possible value, knowing that the bid would have to be accepted by the banks who basically run Petroceltic now? Mind you, stranger things have happened - look at the S&G bid for Quindell's 'assets' last year, that came out of the blue and IMO massively overvalued the company. S&G share price has now been decimated by the purchase and rightly so.

No it isn't.

Yes, be careful and just ignore the rampers. They pump the shares whilst selling out at the top to unsuspecting punters. Same crew all over AIM. This is a dead duck so don't get tempted.

This is like Afren, people knew it was broke but the share got pumped a couple of times before death so the big boys got paid and the PI got slayed.