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Holding RNS for Dowgate Capital.
Up from 5% to 9.7%. Big jump when you take into account the increased shares in issue 👍🏻
I just don’t see AP accepting a low ball offer for Chariot. Apart from the fact he’s a bit of a narcissist (no offence intended) and wants to be heavily involved in the “transformation” of the countries our “3 Pillars” are involved in, he, like most entrepreneurs is greedy and ruthless, and won’t accept less for something than it’s actually worth.
I’ve said this before on here, but just because a company isn’t valued correctly by the market, doesn’t mean a suitor can just offer 50%, 100% or 200% over MCap and buy it. When buying a company, ALL assets (and particularly in O & G) have a pre determined industry set value, depending on what stage of the exploration/route to production they are at.
I get why people mock analysts views and target prices, but they are using industry standards when they come with these numbers and that’s pretty much, I’d imagine, what AP, or any other CEO would use when deciding if whether an offer is fair value.
Whatever anyone says, Chariot are currently a mile off being valued correctly, and AP knows it imo.
🤣 Seriously mate, you’re fecking delusional.
Look, there’s one of those wee pumps you keep harping on about. Why not do us all a favour (but mostly for your own mental health)) and sell what you’ve got left, and move on. Then you won’t need to worry about past directors, NXP001, funding, or who’s buying and selling, and when, there’s a good chap 🥴
Ffx, I don’t think anyone gives a rats asss what you (or any one us for that matter) does with regards to your other investments (if you have any).
What we all find really odd, suspicious even, is why someone who professes to be “invested” in NFX, would wilfully and relentlessly go out of their way to belittle, criticise and besmirch the Management, the Company and its Products (past and present) at every opportunity, deride and rubbish every post that attempts to show some positivity or research,(with the same old repetitive rubbish you’ve been spouting ad nauseam for 3 years), all whilst “remaining invested” and somehow imagine your behaviour is going to help you see a return? What exactly is wrong with you??
I think you may need help🤡
Nice one Ffx. Wheel out the old ‘whimax the trader’ lines 😂. Pretty much all you seem to have these days.
As I keep telling you, nothing could be further from the truth, either here or on any other share, but if it makes you feel better…….
Slightly better day today. Almost flat finish and close to equal buys v sells (on the face of it at least).
Obviously impossible to tell at this stage if seller has finished, but rate of descent is defo slowing, as did the number of chunky 100k sells this afternoon.
No point worrying about the SP at this stage either imo, as it’s well below fair value and only those desperate for the cash will even consider selling. Same applied at 15p, 18p & 22p, for me anyway. Until the SP reflects, even remotely what we have/are worth, it’s a crazy sell. It’s hard to look at the SP at this level, but its completely irrelevant, unless you were planning on selling into the Farm In RNS, which I wasn’t.
Calm down dear! 😬
I made it quite clear in my post I was only throwing out another option. AP made it quite clear in the Q & A that there had been an offer for the whole company, and that it was dismissed immediately, as it wasn’t the best deal for shareholders/stakeholders.
I’m struggling a little to understand why you’re so tetchy, as your post is bit of a babble/rant. Anyway, feel free to filter my posts if you find them “picking” (whatever that means 🥴), and thank you for my “pick” 🤷🏻♂️🤣
It’s really NOT the most “sensible comment of the day” tbh.
Why would Energean want to pay £500m (lowball at 50p a share which AP wouldn’t accept anyway) when they’d still have to drill Anchois East and do flow tests etc, then , on top of that, foot the bill for the entire Capex of up to $850m, when they can just proceed as per the Farm In terms?
There’s plenty pie for everyone under the current deal (well aside from the seller obviously lol) and it mitigates risk (what little there is) for both parties.
Another possibility (and I’m just chucking options out now) is that whoever “made the approach” to purchase the entire company, which was dismissed out of hand by the Bod (as discussed in the Q & A) is the Seller?
If they built a stake, with the intention of making and offer, and that offer was dismissed, they may have another “target” in mind, and intend to try the same thing elsewhere?
We have no idea when that offer was made, or dismissed. It may have been 3 weeks ago when some first started to suspect someone was selling, and they are using the RNS volume to dump the rest?
As I say, just thinking out load.
Happy, you’re right, I should have caveated that with IMHO.
IMO, this dump of shares has the look of a single entity about out. The large 50k, 100k, 150k have been relentless, and started immediately after the RNS, and the price they are achieving appears irrelevant to them. We may never know tho, as it could be someone with under 3% who have never needed to declare. Time May, or may not, tell.
Nickshaw, No, I still don't accept that “the market doesn’t like the deal”. As I’ve said before, “the deal” clearly doesn’t suit one particular institution or individual, who appear, for whatever reason, to want (or need) to exit at pretty much any price (we’ll probably never know why).
Furthermore, I’ve not read anything anywhere that is particularly critical of The Deal, other than the fact it requires a bit more patience. More patience, doesn’t mean the deal is bad, it just means waiting a little longer (which is what PI’s don’t like).
As a snap shot of public opinion on the deal, I’ve not seen anyone on here suggest Chariot “have been ripped off”, I’ve also yet to see any of the regulars on here, post that they’ve sold out and moved on. If either had happened, you could maybe argue that the perception is that the deal was/is bad, but the bottom line is, this is the best deal for Chariot shareholders, they just don’t seem to realise it, because all they are looking at is the current share price.
GL