one4all
13 Jan 2015
thatt SONA deal looks good now!! should ve taken the money on the table. $280mill for 40% stake.. the board are fools
lambrini girl
07 Jan 2015
Re: 27.9% acceptance at this moment expect price will fall if no takeover..reasonable discount IF goes ahead..'weak' buy..
Loldemort
12 Dec 2014
Re: 27.9% acceptance at this moment In fact I'm wondering -- usually a share price falls if a takeover collapses. Here, I'm actually wondering if the offer isn't actually *responsible* for the fall, at least in part -- by tying us to an undervaluation. Maybe the price will actually rise if the offer collapses.On the other hand -- this is SMDR...
Loldemort
12 Dec 2014
Re: 27.9% acceptance at this moment I've not been party to many takeovers but from what I can remember, the first declaration of acceptances has usually shown rather more than 27%.
one4all
11 Dec 2014
Re: 27.9% acceptance at this moment the offer is now worth less than SONA were offering for 40% for bula'dont approve go for SONA
Vincentinvestor1
11 Dec 2014
27.9% acceptance at this moment [link] Energy Gets 27.9% Acceptance For Salamander Merger Offer
CharlieHarper
08 Dec 2014
Re: still falling The low oil prices may be helping the American economy more than hindering anybody else...the Saudi's as head of OPEC had the opportunity to do something about low prices but didn't...was it under instruction?It may be a poke in the eye for a few countries and their economies across the globe but again i would re-iterate low oil prices are going to be good for the American economy long term not short term...long term being 18 months+? but who knows for sure.best of luck
shadowcity
08 Dec 2014
Re: still falling I sold out of these in April and am shocked to see they are now 64p. I guess that's because CESPA pulled out of a possible deal. The only other reason i can think of is the low oil price, but that is artificially low to hurt the Russians. Oil prices will not be this low for long.......with that in mind it might be a good time to buy back.......anyone else agree/disagree?
Vincentinvestor1
05 Dec 2014
alia iacta est In contrast with the offer process, which is led by the bidder, the scheme process is controlled by the target company. This feature has important repercussions for the utility of the scheme as a method of takeover. In particular, a scheme must be approved by those holding 75 per cent of the voting rights in the company, and thus its success depends largely on the cooperation of the target company’s board and its shareholdersA majority in number, representing 75 per cent in value of the members or class of members (as the case may be), present and voting either in person or by proxy at the shareholders’ meeting, must approve the scheme.In a scheme, once the seemingly severe threshold of 75 per cent has been achieved, the bidder acquires the entirety of the shares in the target company. Unless lost and untraceable shareholders hold more than 25 per cent of the voting rights in the target company, such shareholders are unlikely to pose any difficulties for a scheme.Thus its a done deal , great job OPHIR!!!!!!!!!
chummer
04 Dec 2014
still falling No end in sight
Vincentinvestor1
02 Dec 2014
OPHR offer just posted this on the OPHR BoardThe recommended offer placed a notional value on SMDR of £314mYesterday the shares were trading at 138p – effectively valuing the deal at market capitalisation of £205m.SMDR sold in the past 40% Stake in Greater Bualuang Area, SONA wouldl pay a consideration of US$280 million in cash plus working capital adjustments based on the effective date of 1 January 2014.T/O would include a cancellation of that deal but rougly OPHR would be able to acquire SMDR on the very very very cheap ( just at cost of a 40% Stake in Greater Bualuang Area )Low SP hurts OPHR for the moment but closing of this SMDR deal at current conditions will be considered in the years to come as the best acquisition ever!IMO ( btw long on OPHR at 145p no short/long intrest SMDR )
city watcher
28 Nov 2014
Advice please Any investors out there prepared to buy Ophir Energy shares yet !! I work out that the majority of Salamander holders are at least 20% down considering how Ophir has tanked. So yes Ireckon the combined oil exploration resources will beef up Ophir somewhat, so if this dealhappens, then Ophir must be worth a recovery punt fairly soon. I am going to wait for it to bottom out, but does anyone think it has today considering the great deal they maybe have achieved stealing SMDR at the price they did.Its only recent holders of Salamander 20% down. Loyal backers for years must be furious.What a useless board of directors as they did not grab the earlier offer. So the only way to win back some money on this is to pile into Ophir - but at what low price ? ?[link]
one4all
27 Nov 2014
Re: explain if you don't understand this , you really shouldn't be anywhere near share trading/gambling
gisajob
25 Nov 2014
Re: explain chummerThere has not been an offer of around 115p. There has been an offer of 0.5719 Ophir shares for each Salamander share.No offer has been accepted. Only the shareholder body can do that. Voting forms haven't yet been issued.Salamander's directors are recommending acceptance, and some major shareholders are supporting the bid, so it's likely to succeed.Notwithstanding that, there remains a possibility that another company will make a better offer. Also, there remains a possibility that the Ophir offer will not get sufficient shareholder support.Salamander's share price is 92p because the market view is that Ophir's bid is likely, but not certain, to succeed. With Ophir at 166p, a success valuation of Salamander would be 94.9p."Are they expecting problems again?" Do you mean Salamander's directors? They have been trying to throw in the towel but offers have been below their expectations, not helped by the falling oil price."All rather disappointing" Fair comment, imv.
chummer
25 Nov 2014
explain Could someone help my understanding please. Am offer of around 115p for smdr shares has been accepted. So why is it now 92p still? Are they expecting problems again? All rather disappointing
