Member Info for Wolfbag2

Much on this site but the bit I think you would be most interested Fluffer

An offer made under Rule 9 must, in respect of each class of share capital involved, be in cash or be accompanied by a cash alternative at not less than the highest price paid by the offeror or any person acting in concert with it for any interest in shares of that class during the 12 months prior to the announcement of that offer. The Panel should be consulted where there is more than one class of share capital involved.

https://code.thetakeoverpanel.org.uk/tp/rules/rule-9/rule-9-5.html

Hmmmm looks like a p&d - smells like a p&d . . . . . we've had them here before ...... doesnt take much to get this share moving . . . .

Trading Update 11th Jan 2023 may be what you are looking for . . . . .

Penny James, Chief Executive Officer, said:

"We have seen a volatile and challenging operating environment in the fourth quarter. We have seen a significant increase in claims as a result of the prolonged period of severe cold weather in December and I am proud of the way that we have supported our customers during this period. These claims, combined with further increases in motor inflation, have had a significant impact on our underwriting result for 2022. We have also seen reductions in the valuations of the commercial property holdings in our investment portfolio in line with movements in the broader property market.

As a result the Board no longer expects to declare a final dividend for 2022. The Board recognises the importance of the dividend to our shareholders, and continues to take actions to restore balance sheet resilience and dividend capacity as a priority, consistent with our track record of delivering returns for shareholders.

A takeover has been a concern - lets not badge it as "Hostile", from what I have seen/heard, Canmax would rather Prem just get on with it and have no desire in the day to day runnings but would rather just be getting their supply, however -see below - I'm sure Canmax gonna be careful in staying below the requisite 30% unless they really mean business !!

What transactions are subject to the Takeover Code?

Under the Takeover Code, when a buyer acquires “control” of a target company it must make a cash offer to all shareholders offering to acquire their shares at the highest price paid in the last 12 months.

The Takeover Code deems “control” of a target to arise when a buyer acquires shares carrying 30% or more of the voting rights.

Aless. Most of the info probably here - - - - https://www.lse.co.uk/SharePrice.html?shareprice=WRES

Not giving financial advice OFC but there's some useful information on the link below

https://www.hl.co.uk/pensions/sipp?clickid=VIs3Xyx4XxyPWMXUVWy2lTICUkFW2rShAXoixY0&iradid=82616&theSource=AFH2I&utm_campaign=AFH2I_IMPR1&ir=1

From the RNS and I quote "The Heads of Agreement are subject to, amongst other items, due diligence, NSTA consent, the finalisation of binding legal documents, certain approvals from Shell and TGS, Orcadian and Operator board approvals and Orcadian shareholder approval. As such, there can be no guarantee that any final agreements will be entered into, or that this farm-out will complete."

Do I read this wrong as obviously the RNS seeks to protect the identity of the third party and no doubt it could be another operator - SHELL ?

Massive award but will it ever be recovered - either in total or part ?! - I would suggest that Burford have the required skill-set to even contemplate maximising recoveries and investors in the recovery will either want Burford to retain skin in the game or for an equally qualified party to give them some confidence it will be done - On this basis I was wondering if perhaps they could take a view and issue B shares to existing investors - perhaps on a 1:1 basis - the B shares to consist of purely the YPF debt and becoming a company in its own right -and being a bit of a one-trick pony but allowing the "A" shares to find their own level and enable investors (in both) to take their own view in regards of thier own risk appetite. Not at all sure if something like this would even be possible but put it out there for comment !

Make of it as you will Panama - my brain started hurting trying to work it out .... so I stopped .... but I quote from the relevant RNS

Due to the overarching commodity price outlook, the financial ratios and restrictions on distributions contained within the Loan Documentation and to align with forecast 2023 cashflows, the Company is also revising downward its 2023 expected go forward dividend by 50% from 0.171 pence/share per month to the equivalent of 0.0855 pence/share per month. Additionally, the Company will now commence paying dividends on a quarterly basis and will pay the Q3 dividend in October 2023, subject to being in compliance with (or obtaining a waiver from) the financial ratios contained within the Loan Documentation, following the financial ratio test at each quarter end. Including dividends declared for the first 6 months in 2023 of £12.3 million, the forecast aggregate dividend payment to shareholders for the first nine months of 2023, of 1.28 pence per share, represents a yield of approximately 7.9% and a forward running yield of 6.3% based on the closing price of i3's ordinary shares of 16.26 pence on 28 June 2023. The Company will continue to review its capital and dividend programmes on a quarterly basis, with the purpose of balancing its total return model whilst maintaining balance sheet strength.

I3 Energy have moved from monthly to quarterly dividends. The next possible I3E dividend will be declared in October 2023.

Good place to check is https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=I3E

Https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=PAY

Good place to find the Divi info ShareM

Yeah RT - maybe we should contact them so they can correct the error ?

Ffs Invstrat - get your facts right !!! -- Jaffa Cakes ain't biscuits :)

@ StanleyB

Its a tad old link but on the question of beds . . . .

https://www.businesswire.com/news/home/20210217005625/en/Ethics-Approval-Granted-for-Open-Orphan%E2%80%99s-COVID-19-Human-Challenge-Study-Model

Open Orphan runs challenge studies in London from both its 19-bedroom Whitechapel quarantine clinic, opened in February 2021, and its 24-bedroom QMB clinic which also has a highly specialised virology and immunology laboratory on-site. Open Orphan has a leading portfolio of eight human challenge study models for conditions such as RSV, flu, asthma and COPD. In addition, Open Orphan is also developing the world’s first COVID-19 human challenge study model as part of the Human Challenge Programme and has signed a reservation contract with the UK Government for the first three COVID-19 vaccine challenge studies.

*** packet calculation - 3000 sent @ $100k each is errr . . . . $3,000.000.000

One downside of the shells is the cost — each Excalibur round costs around $100,000, the documents say, compared with just a few hundred dollars for a conventional munition such as the M795, the US military's standard unguided 155 mm shell.

It is thought that the US has sent around 3,000 Excalibur rounds to Ukraine since Russia invaded last year, Forces.net reported in January.

Ripley - I quote "I can not see they were ever short ?"

Aug 2019
https://www.lse.co.uk/ShareShortPositions.asp?shareprice=BUR&share=Burford-Capital&page=2#historical
https://www.lse.co.uk/ShareShortPositions.asp?shareprice=BUR&share=Burford-Capital&page=3#historical

No expert but I think it is possible that it can be cut or cancelled (exceptional circumstances et al) although I think that its highly unlikely as MrMkt likely to lose faith in the leadership - somebody maybe able to correct me on this matter ?

About 10p - check out this site - its mostly all there AHojj

https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=GKP

yeah johnh all twaddle - there was 60 million reported as sold today - thats what I based my calculations on - was all we had at the time. Theres still a mystery about the other 40 million reported sells

check out - https://www.lse.co.uk/share-fundamentals.asp?shareprice=BEN&share=Bens-Creek

38k - can't they just settle and avoid the bad PR ? - tho if they anything like HMRC then they'll be expecting penalties of around the same amount again !!!!!