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Looks like a steady (boring) climb to 270p again....hopefully we can hold that price and roll on to 300p and a firm takeover offer of 360p, and a counter-bid at 390p???? Here's wishing!!
I agree, but it does cause confusion in the shareholder ranks and has potential to upset the price. I prefer that MAB gets organised, gets on with the game plan and PIRC butts out.... PS - Note that 342p today was a great buying Opp.!
Investor activist group Pirc is advising stakeholders to vote against the re-election of all six non-executive directorson the M&B board, claiming they are not independent. http://www.guardian.co.uk/business/2011/jan/19/mitchells-and-butlers-shareholder-revolt-pirc
John Lovering is set to step down as chairman of the British pubs group, a source familiar with the situation told Reuters, a year after taking over following an investor-led board battle. http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/8277204/John-Lovering-to-step-down-as-MandB-chairman.html
Rumours of T/O @ £5 (33% rise) from Chinese...DYOR!! "Punters went loco for Soco International just before the close as rumours of a £5-a-share bid approach did the rounds. Shares of the oil and gas exploration group spurted to 370p before closing 23.2p or 6.8pc up at 365p amid whispers that Sinochem Petroleum could be sniffing around again. The Chinese state-controlled oil and petrochemicals group expressed an interest in acquiring Soco's share of two offshore exploration blocks in Vietnam a couple of years ago but walked away. Dealers heard that it now wants to buy the entire company lock, stock and barrel. Soco's assets in Vietnam are large and look attractive to any predator. Broker JP Morgan Cazenove in a note last month chose Soco as the most attractive takeover candidate in the European exploration and production space. Broker Evolution Securities has pointed out that the exploration portfolio now looks thin and that makes Soco a sitting duck for a takeover, especially with production set to ramp up to 30,000 barrels of oil per day by mid-2012." http://www.dailymail.co.uk/money/article-1348450/MARKET-REPORT-GEOFF-FOSTER-Chinese-send-Soco-soaring.html
SMDR up on news of spud. Hopefully SP will now rise gradually to drill results. That's where my the decisions will start; whether to drop out before release (with my gains from 264p) or to gamble on an additional rise (small?) after good news, or a retrace (big?) with bad news. Correct me if I'm wrong but I believe SMDR state a 66% Chance-of-Success on this well (and I think that's appropriately conservative). My opinion is that we won't see a retrace to 215p on bad news, perhaps 225-235p range? With good results I can't imagine much higher than 330p. Comments?
has risen 33% steadily over the last quarter from ~30p in October 2010 to current price at ~40p. The ultimate near term target appears to be 50-60p, or higher on any T/O potentials. Another 25% from here would suit me fine.... (written from Qatar, where I'm travelling for business!!).
http://www.barchart.com/opinions/stocks/SMDR.LS Hey, Mulledwine... I've now got a good feeling about SMDR. Thanks for your recent input.....now all I've got to do is sort out my trajectory with SIA. Maybe wait for a T/O.......ZzzzZZzzZzzZzzzzzz......
Directors are buying shares...see the RNS & Directors Deals. Looks like they know something????
Thanks for the considered insight. I'll hang tough for the breakthrough. I nearly dumped SMDR today to buy CRND, but used cash instead (..and it's up 8% today). The 2010/11 Trading ISA is now max'd out....I'll have to open one for wifey next! Roll on April 7th....
I have a sell target on SIA at 430-440p. I'm patient, and hate a loss, so I will probably just wait for the results of the next drill campaign rather than dashing off elsewhere. Better this than DES...and SIA seem to have better results than SQZ....although SQZ seems to get all the action and attention. Me, I'm happy for now in the back waters. The noisy racing-crowd will surely show up sometime closer to drill results.
I think that if we were to cut our losses in SIA and move to XEL we'd do far better, far faster. I have both in a Trading ISA and XEL is my star performer since I bought on a dip in December. I'm up +70% with great future potentials. XEL dipped today to 360-370p and everyone is talking about the next 12mths and prices of 400, 500, 600 & up.... I'm patient, and hate to sell at a loss, but there are other shares that have faster potentials. Always DYOR.
I'd cut your losses and invest in XEL or PMG.....I'm out as soon as I have broken even at 363p.
If you see this note I'd appreciate your opinion on guestimate SMDR price within 6mths. I bought at 219p on last dip and sold at 270p. Still holding a previous block at 263p. I've seen reports of good results to add ~80p (eg. to 330-340p). As a seaoned Salamander watcher what's your opinion on that potential? I may dip out with a rise to next drill results and buy in again on any dips (bad results...). If drill results are good, I'll have missed a trick but the money will be in the bank.
Hello Bonz1957.....did RBS put a value on BSY?
http://uk.news.yahoo.com/22/20101217/tts-uk-sky-newscorp-eu-ca02f96.html REUTERS - News Corp is set to win European Union regulatory clearance to acquire full control of dominant pay-TV group BSkyB without the need for concessions, a source familiar with the case said on Friday. Skip related content News Corp, which also owns the Sun, the News of the World and the Times and Sunday Times, wants to buy the 61 percent of BSkyB it does not already own for 7.8 billion pounds to consolidate the business it helped build. The European Commission will say next week that the deal does not have any significant anticompetitive impact, said the source, who did not want to be otherwise identified because of the sensitivity of the issue. The EU competition watchdog, which has set a December 22 deadline for its decision, will see no need to offer concessions offered by News Corp earlier this month, the source said. The communications regulator is also reviewing the deal to see if it will give News Corp, led by Rupert Murdoch, too much control of the media in the United Kingdom.
Apparently KKR are looking at a price of 350p for a takeover of G4S. See 9 Jun post of same M&A @ 375p. DYOR...
http://www.guardian.co.uk/media/2010/dec/02/news-corp-bskyb-eu
Apparently any good news will add ~60p to the current price point; eg up to 290p and possibly more on v.good news. Let's hope for +300p again.
Maybe they are waiting for the US to come online after Thanksgiving....???