mnbvvvvvvvvvvvcxz
23 Sep 2015
Re: Takeover offer Er Yes!This offer has been accepted by the board they have pledged their shares to BB. Alkane is not in play it's a done thing except for regulatory and legal matters. The only choice you have is to sell in the market now and re invest whilst the market is down taking a small loss or wait until you get the full 36p.Since the 36p is fixed if you bought at 40p you lose out. If you reinvest in something else any gain you make is offset against any gain. The market has fallen 300 points since the price was annoiunced there are plenty of opportunities for capital growth. You could for example speculate on Volkswagen or BP both of which are good companies fallen on hard times that will return a handsome premium over the purchase price in a 5-10 year period with very little risk that they will fold. Germaony's biggest manufacturing company and Britains second biggest ( after Shell now) oil business. BP was privatised at £4.50 it's now at £3.33DYOR
hewhodares1
23 Sep 2015
Re: Takeover offer My understanding is that they need 90%, they already had 35.34% acceptance when the offer was made, please see below :-Irrevocable UndertakingsBarbican has received irrevocable undertakings to accept the Offer in respect of a total of 57,370,503 Alkane Shares, representing, in aggregate, approximately 35.34 per cent. of Alkane's existing issued share capital, comprised as follows
a) from each of the Alkane Directors (and the spouse of one of the Alkane Directors) in respect of their entire beneficial holdings. Those holdings amount to, in aggregate, 6,454,565 Alkane Shares, representing, in aggregate, approximately 3.98 per cent. of the existing issued share capital of Alkane. These irrevocable undertakings will continue to be binding even in the event of a higher offer for Alkane; and(b) from certain institutional Alkane Shareholders in respect of 50,915,938 Alkane Shares representing, in aggregate, 31.36 per cent. of the existing issued share capital of Alkane.Further details of the irrevocable undertakings are set out in Appendix II.9. Conditions to the offerThe following is a summary of the Conditions to the Offer. The detailed Conditions (and the extent to which any of these are capable of being waived at the sole discretion of Barbican) are set out in Appendix I. The Offer will be conditional upon:· acceptances received of not less than 90 per cent. of the Alkane Shares to which the Offer relates;· the United Kingdom Secretary of State for Energy and Climate Change confirming in writing that it does not intend (i) to revoke or recommend the revocation of any interest in any petroleum exploration and development, appraisal or production licence in the United Kingdom held by any member of the Alkane Group; or (ii) to require a further change of control of any such member, in each case as result of the implementation of the Offer; and· fulfilment of those other Conditions listed in Appendix I to this announcement.
Misty Creamybib
23 Sep 2015
Re: Takeover offer Excuse my ignorance on the matter. Are you saying that 90% of shareholders need to approve the offer to get it through?I cannot see this happening as there are plenty of holders who purchsed at 40p plus which sure make up well over 10% of the company.Am I being thick? Where is the downside of purchasing shares at 35.75p just to sit on them and vote against the offer?Lots of shareholders see this as an ambush which sticks in the throat.
hewhodares1
23 Sep 2015
Takeover offer Anyone rejecting the offer in the hope that they don't get the 90% they need, I really do think there should be more than 36p on the table...
Hawkewind
22 Sep 2015
Re- Buys Morning Excuse the lack of knowledge relating to these questions but can anyone assist please?1. What would be considered a fair price if this is considered to cheap at the moment. Or is that a general comment?2. Can we identify if other parties are/were in line for a move on Alkane?Good luck all
cricket2
21 Sep 2015
Re: Buys The offer price is to cheap.vote against
dabba
18 Sep 2015
Buys Quite a few buys going through . trades at 35.5p.
Misty Creamybib
17 Sep 2015
Re: Wow! If you can't be good be lucky!I say this all time when I play poker and someone calls my bet needing one of two cards in the deck to win on the river and gets one!To clarify I bought at half the level I normally do. Part of me was looking for breakout about 25p but another part of me thought it was a good price 24.75p. Looking like I got the break out I wanted.
dazedandconfused
17 Sep 2015
Re: Wow! Lucky boy. I bought in just over a year ago (albeit just a few grand as a flutter) and am still 10% down...!!
mexicoman
16 Sep 2015
Re: Sad to see it go Should have held out longer winter is here power stations on there rse carbon taxes and the rest blks line there pockets that's all they are interested in
Ian Warren
16 Sep 2015
Re: Sad to see it go Sorry last trade was 37p; wishful thinking on my part.Regards,
Ian Warren
16 Sep 2015
Re: Sad to see it go Likewise, Ive been a holder and a strong believer in this company for a long time; I was quite happy to hold on even after energy companies went out of favour, because all it seemed capable of doing was growing. God I wanted to grow old with this company, but like a slattern woman she waltes of with the first pretender who waves a big wad of cash at her! Or has she? I Note on iii that the last trade went through at 40p; is there a fight in the offing? I hope so, this company's honour is worth fighting for, and I do not see Balfour Beatty as a worthy suitor.Regards,
Stellaria media
16 Sep 2015
Re: Sad to see it go Have held this one for quite a while and have even made some money dipping in and out. I suppose I will now have to start looking around for other well run small sound companies with excellent growth potential.40 p would be nice, but somehow think that 36 is what we will get. Here's hoping that some of the larger shareholders manage to get an up lift in the offer price, but given that many will have taken hits on largers companies they too will be glad of some cash.
thirty fifty twenty
16 Sep 2015
from the different bulletin boards it seems everyone owned a little piece of ALK,and also that most intended owning a little piece more when it was 'cheaper'.likewise I had tipped toe in at the bottom, and then took profits after the market fall pre results.A couple of days after the results and I was regretting selling and intending to get back in..too late!There was a great mgt team here that 'stuck to the knitting' over many many years,and delivered great shareholder value at modest directory cost.I think bid is a reasonable price all pluses and minuses considered.lesson for me is to place and higher value on good mgt in good l.term businesses,and not be too greedy about entry price.The only other comparable companies I know of Andre AGR, CRW, PHP, OMG but don't own anh shares in 'because they are too expensive' - DOH!time for some reanalysis!possibly TMMG (i do own) fits the bill but that feels a bit like a plug pre their results,and possibly OML but more research needed their.Any recommendations on l.term good mgt stories where share not in a downtrend?All IMHO, DYOR and BoLALK was in my portfolio
dabba
16 Sep 2015
40p minimum please This time last year shares were trading at 40p, prospects for this company have improved since then in my opinion. Timing seems perfect timing for Balfour. They are buying a tidy profit over the winter, planning permission slip streamed for fracking.
