Member Info for wokinpark

wow, it's getting there, imho to 200+ this month, slowly and surely.

corporate "suicide" - it would be picked on to the nth degree by the press. best to keep the profits for the time being and maybe announce at the next results on a very low key basis.. personally, a 0.5p divi wouldnt achieve much in the wider scheme of things. looking for 65+ now by year end and upward trend thereafter

it's a good way to bamboozle the T/O ! "let's bid for CNE, boys find me the SP. er boss, its not there any longer. Drat, we were too late. never mind, anyone got the SP for BP ?"

well at least they didnt get done by the Trade Descriptions Act by calling it Canny Energy plc !

whats that about buses you say ?

ah well, at least it keeps the CoSec dept busy no doubt. another £100k wasted to change the name on letterhead, etc.

i dont think the RNS said anything that wasnt guessed at by the market. the real news is when it is going to be paid out. Q1 2022 is a bit vague for the market boys, there's 2 months left this year and then say it is end Feb for funds to be paid to CNE and personally i think that is going some but it is a fair guess, there's 4 months for the market boys to make serious money elsewhere before they come back to CNE. if it hits 210 by 28th Feb and tax money not received by then (leaving everything else neutral), i would not be surprised.

i skimmed the rules and it wasnt double dutch, it was triple dutch. you need a law/tax firm that is familiar with India Tax Law to decipher the forms and what needed to be filed/filled in/completed.

i think they have made it deliberately complicated to delay the filing, processing, approval process. say it all gets filed by 30th November with the Tax authorities (and that is a big ask) the approval process will take i reckon 2 to 3 months before it gets signed off by the Treasury Minister. then they will have to find INR 79bn to give to CNE and lo and behold they will want everything signed off in triplicate by CNE and internally before they do it. there wont be much news on any of this until the tax refund is paid out i reckon.

i dont go along with the T/O spiel. why would you buy a company with major cash reserves, say £ 650m or so (after dividend/share buy back), Mexico, Egypt, North Sea contingent receivable and a few sundry oil interests ? you would have to pay £ for £ for the cash and throw in something for the other items. if you did it for shares, would CNE holders take the shares in Bidco, depends on who's asking. imho, the SP should get to 250 post india received, probably 125 post dividend/share buyback and then see what happens to Egypt, etc. it's all about the timing and what the BoD have in mind for a forthcoming transaction if there is one.

Q1 2022, i reckon, the end of Feb

if we held onto the fields for a few more months, we'd have to pay Waldorf to take the assets off us....................and a $ 40m loan and further consideration to come. apart from the decomm costs which are whatever number you want them to be, i still am puzzled by this transaction. ah well, Indian money to come in and i'm out (if it hits 225/250). GL to all, not trying to be pessimistic i dont get the CNE story.

from a recent high of 103.xx it is down to 101.725 just now.

i wouldnt want to be the bloke taking INR 79bn crore to the local forex dealer in my back pack trying to change it into $'s, €'s or GBP's...................! Remember to take your ID with you !

what is Google ? not meaning to be harsh but if you dont know abbreviations, look them up

i dont think you will be getting a RNS soon from this excellent BoD ! if i was a betting man, i would say not before mid November at the earliest and even then it will say, the Company and FM are progressing the form filling expediently, Diwali held up the administration but we have assurances from the FM that we are top of the "To Do" pile not knowing that there are more important "To Do" piles for more important companies ahead of them. this is a Q1 2022 realisation if ever there was one.

hear hear. i am of the same opinion, however i think the company has a great future ahead of it, if it uses the cash it has and will have properly and not fritter it away burning a hole in the pocket. if they can ramp up Egypt production and have decent contingent cash coming in from Waldorf over the next 3 years, etc. if they at least made some effort to put some pressure on GoI to get more than $ 1bn and/or quickly, it would show the market they meant business. however i think they have short term aspirations like us short term investors. it could be quite different if they had some gumption.

good luck, i'll see how the day pans out for this one

nearly sold some at 60.2 yesterday, i think i should hold on for my target of 65 now

1 wish they were live streaming the meeting for those who cant attend

nice to see this rising against a sea of red today

next time he asks for a bonus for all the hard work he puts in, the phrase, "it'll be a few weeks" will come in handy !

certainly hope so, it'll be about 2 months since the "it'll be a few weeks" announcement

agreed, it would pay to keep it for another 18 to 24 months and then dispose of it (if it is still required) for a lower sum and still be up on the deal overall. i assume the big boys will vote the deal through but i dont think it is in the best interests of the company/shareholders esp. with the current cash position or the cash to come in from India, etc.