Member Info for wokinpark

he's posted on every LSE chat i am on apart from CNE - why not CNE ? i could do with the company !

grumpy did - i cant remember his full handle but he went at 4.2 or so, he could have got 5 at one point !

i try to keep it live but its hard work on your own !

and then what, wait for the political backlash ? imo, better to start off with a small payout and then see what the fall out is like before going the "greedy shareholders/board/etc" bit. personally any divi is better than nothing but this needs to be a balancing act decision not a "in your face" decision.

i;m hoping that news of a divi, i would go for 1p if i was the board, on Thursday will do the trick to get to 100+

but i assume CNE can do that itself and if needed, throw some money around ? we dont need TLW to do that for us ?

i reckon an adjustment to 4.5/5 TLW per CNE share is more practical but i assume TLW wont want that as it then becomes a CNE 50%+ shareholder entity. i do wonder what the real driving force is behind the merger apart from TLW debt laden and CNE cash rich ? is it really about economies of scale, cost reduction, etc when hardly any of the investment locations are duplicated. if it carries on like this without +ve TLW news re Guyana/Kenya, etc, i cant see CNE shareholders voting for this on a >75% basis.

there appear to be some significant new and increased old shareholdings on board in the last few days, ie Palliser, GS, etc.

oh no, who is going to support the SP now ?

at least the market will decide one way or another.

im not sure why they bother anymore, it is a waste of time doing it, but it keeps JPMS and CNE CoSec dept in a job i suppose.

apart from the usual BoA holding RNS's. good to see the SP holding up in the meantime. hopefully some decent news to come from TLW also re Kenya, etc, that could be a decent boost to both SP's. its going to me a long year.....

i think from the recent FTSE100 promotions, CNA had a market cap of £ 5bn (or just below) so thats the sort of figure to get into the 100

so taking a mid point of Mid November for Q4 (unless conditions waived prior to that) there are still 5 months to go for the merger to go ahead i assume with a CNE vote in mid October (?). at present the 3.8068 TLW shares for every 1 CNE share looks underweight but a lot can happen before CNE SH's vote. a couple of interesting points to take away; 1. TLW does not have any distributable reserves for a divi to be paid so they will need to upstream dividends from subsidiaries or CNE before this can take place or to do a capital restructure. this would take time so i assume the earliest this can be done is for the 2023 accounts if they have reserves to be paid out as a dividend by then; 2. 26% of the cost savings mentioned of $ 50m as a benefit of the merger is from the "de-duplication of the Board(s), Exec/Non-Exec directors and costs of being listed" - seriously $ 13m savings from that cost level ?

anyhoo, the other thing that is currently in CNE's favour, is that if the TLW SP goes up, the CNE SP goes up, if the TLW SP goes down, the CNE goes up, as i assume the market thinks a counter-bidder will turn up. it all seems illogical but i'm not complaining.

M8, I don't want you to stop posting on the site, but come up with something worth reading from time to time. You have attacked the BoD relentless ly and I don't think you will find a single poster on here who will defend them from the "mistakes" they have made over the last few years. However if SH's have made a profit on the shares in the meantime whether paper or cash, with a potential merger or TO in the offing to hopefully improve the SP that's no bad thing? There is more to come from the deferred payouts and the TLW merger is not a given if enough SH's vote it down - is it 75% have to vote in favour? At the current SP, I'm sort of hoping for 250+ but we make decisions accordingly. GL

There's sarcasm, witty sarcasm and tedious sarcasm. Guess which category your posts fall into? If you're not happy with the Investment you made in the company why do you persist with it? There must surely be better returns elsewhere? Or do you just have your post ready on a daily basis saying the same thing? If you want to read meaningful posts head over to CHAR's site and just read 5 of jimmy23's posts. I wish I was 25% of his research into that company. But you seem to have a negative outlook on CNE on a daily basis yet somehow you think its worth posting. If you have nothing to say, why say it? Anyhoo I really must stop reading your posts they are just space fillers.

i thought you would come back with that one. why are you so concerned with the BoD ? they will get their free shares and the dosh and laugh all the way to the bank, as they normally do. your problem is that you have invested in a share that allows it in a big way in your view. why dont you concentrate on the investment returns from going it alone or a merger tie up or re-investing elsewhere rather than talking about the BoD (and their failings) at every occasion ?

stating the bleedin obvious, anyway you said you've sold out of CNE and bought into TLW so why are you worried ? if CNE shareholders want to vote for the merger they have the freedom to do so.

this might work..........

https://www.ft.com/content/900cce5a-1bd1-4e5f-956a-29aac8921d57

FT had it a couple of days ago (?) but its behind a paywall

237 ??