Member Info for zebbo

Dadean, easy to say, but if CY5 jumped to 20c, paying with paper would have been seen as a good move by most

It will all come out in the wash and net net should be find the same equilibrium post deal. This approach has opened up an arbitrage opportunity for funds, hence the shorts and depressed paper

On the plus side we remain debt free and that counts for more longer term and keeps the balance sheet squeaky clean

Interesting timing !!

Maybe a spelling error :-)

Maybe 10-10.50, $ also strong, so should give some leeway there

The BoDs have had to engage or face shareholder wrath. All a show castle will not pay £7 IMO

Meeting takeaways

Firstly, brilliant update, felt they undersold the progress they have made. Cannot all be cherries on the cake, you also need to bake the cake

- SEA are going to be so much bigger in 12mths both resource and regional presence

- Temaris project will be way bigger and with additional resource/arcage (assuming we get the block to the North) comes better choice of partners /scale/funding etc

- DEWA - Also still growing in size

- FIDs for both this year with first gas 2028

2A - mid 2027, date depends where it falls in the 5 well cycle. Drill location already selected. (warrants at least £1 on the mcap pre drill, on its own merit) This will one if not the biggest well to be drilled next year and has mass industry interest

Planning Friction: sub-plot surfacing in logistics-specific industry news today is the fact that Prologis and SEGRO are currently "head to head" in front of the UK Planning Inspectorate regarding the East Midlands Gateway 2 development. This ongoing competition for land and permits suggests that Prologis isn't just looking at SEGRO as a financial investment, but as a direct way to neutralize a major competitor and clear the way for their own regional dominance

Looking forward to the update later this morn.

Very happy with todays update @ 11.30 we will get the colour around temaris, finance & partners

Sounds like they are really on the ball and are going to maximise overall benefit to shareholders. Bigger players, better FO deal, we are in a position of real financial strength. We will not be under the same pressures as other O&G explorers with large assets

All commodities been taking a hit. The narrative is moving to US rate hikes and ultimately global slowdown. Throw in more supply and POO will continue to drop $60s looked nailed on

Are we going to fall at the first hurdle?? All quiet on disposals front

As of now in the SoH

9 tankers total in the SoH - 3 moving, 2 exiting SoH with oil, 1 entering . Now all moving vessels are hugging Oman, rest are anchored of Iran and look to be empty bar 1

Another 4/5 loaded tankers approaching SoH, again hugging Oman . Nothing in the way of empty tankers approaching SoH. Most tankers remain outside of the SoH clustered around Fujairah (Oman supply line). So still very little traffic through the SoH. Draw your own conclusions......

Also think we should correct after the deal is concluded. This is unduly cheap and should be trading north of 160. I would more in here but massively overweight with 250k shares

Anything with a £7, is to much. Castle will not go there, peeps need to do a bit of basic research on Castle

The short answer is no, Castlelake will almost certainly not pay 1.5x book value.

A 1.5x multiple on easyJet's current ~466p book value translates to a bid of roughly 700p per share. While institutional investors and major shareholders are currently stating they won't even open formal talks unless a bid "starts with a seven," paying that kind of multiple goes entirely against Castlelake's structural strategy and investment model for several reasons

£4.00 - £4.50

For those that have actually taken some time out to looks at Castle's past corp activity will understand why EZJ SP has not jumped up. + £7 looks way more than they would pay historically on an simple ezj historic book value of c1.41

What one wants and what the other is will to pay are 2 different things. Cannot see them reaching common ground

Castle in a no loose position as they will dump their 2% for a tidy profit. Looking at the SP they may have started off loading already

What is the share price telling you? The bod dont support and I cannot see Stelios even considering such an offer even at £7. Castle will want their pound of flesh and the bod + shareholders will not give their kingdom up