RE: Deal done hurray!!!!!!13 Dec 2021 21:47
This admission document will be huge! It’s a reflection of a heck of a lot of hard work.
Having read the RNS’s now several times it only sets out the enormity of achievement and opportunity.
Firstly there is a huge need to onboard the people from the aquired ‘subsidiaries’. The differing working cultures and geographies alone present a challenge.
Handled well trepidation’s can be allayed once folk see that the deal is expansive and they have a great leadership team with shared interests.
This is the START of bigger better things for Chad, Cameroon, Niger and Nigeria.
A more indigenously focussed energy company, employing local people with a corporate behaviour based on sound ESG doctrine that means increased tax payments with increased profit and sharing success with the communities and economy.
Don’t think for once this is a TUPE over Zoom! It will need to be handled sensitively with a proper engagement plan. Bod briefing managers. Managers briefing teams and local 121 engagement.
This is an opportunity to take the best western business practices; learning from our previous mistakes and getting it right!
In return we will get a massive prize; loyalty in abundance!
The finance is an enormous transformation package. I don’t really get some of the RNS. Divi’s are reported as cash flow which I get but a % income is reported as comprehensive income and not as revenues and costs. No idea where asset amortisation fits.
Like the finance, debt, new equity and debt based equity. %, quantity etc..
I guess no point in speculating we’ll soon see!
Usual caveats
Trek
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