OmniChart

COMS IoooNo 24 Nov 2014

Re: Reassuring news up 21% as i look............thank goodness ............lot of buying today, snorters closing positions?

FLG oldjoe1 24 Nov 2014

Re: Strong Hold Aviva paying 'good price' for Friends Life, says Canaccord GenuityMon 24 November 2014 09:22 | A A ANo recommendationNo news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.Canaccord Genuity has lifted its target price for insurance firm Friends Life from 340p to 400p and repeated its 'buy' call, saying that the £5.6bn takeover offer from rival Aviva is a "good price" for shareholders.The companies announced that they had agreed on terms for a possible all-share combination. Friends Life shareholders would get 0.74 Aviva shares for each Friends Life share they own, valuing Friends Life at 398.9p per share.This is equal to a 15% premium to its closing price on Friday and a 28% premium to the three-month average, and close to its embedded value in the first half, Canaccord said.Due diligence is now under way and Aviva has until 19 December to make a formal offer."We think this is a good price for Friends Life shareholders, as they should receive around embedded value for the business, albeit in shares, and not cash," said Canaccord analysts Ming Zhu and Ben Cohen.While they have lifted their target price to equal the possible offer, the analysts said they see potential further upside from this level when they have more details about synergies from the deal."To a large extent, Friends Life's fair value will now be determined by Aviva's share price, while Aviva's share price will be determined by the enthusiasm by its shareholders for the industrial logic of the deal."Assuming an offer is made by 19 December, the details of planned synergies and cash-flow will be key to Aviva's share price performance."Friends Life was trading 5.6% higher at 367.1p by 09:52 on Monday.

FLG aimforthesky 24 Nov 2014

Re: High dividend replacement 1 Aviva share for each 0.74 FLG as far as I know.

AEY rollthediceagain 24 Nov 2014

Re: RNS A viewpoint from sh4reprophets---Sound Oil; the saviour of Antrim EnergyBen Turney | Monday 24 November 2014What a dramatic announcement from Sound Oil (SOU) this morning. Some might call the company’s unsolicited swoop for Antrim Energy (AEY) predatory. There’s no denying it has an aggressive feel to it, but only a fool would believe that this is a seller’s market for oil companies. As the price of oil continues to fall many marginal producers and high-risk explorers are on the verge of extinction, even if they don’t realise it yet. Antrim’s shareholders cling to the hope that their company’s cash balance will save them, but the reality is this alone is not likely to be enough. Without energetic and nimble leadership, Antrim is just as exposed to the downturn as its peers. It might just take a bit longer to die than the rest. Now looks like the time for boardroom change and adoption of a new strategy. Sound Oil appears to offer this. Antrim’s shareholders would probably do well to look beyond the initial disappointment of the “low ball” offer and take a realistic look at what the future holds.Antrim has undoubted potential, described by Gary Newman here. If the Skellig Block even partially meets expectations there is huge potential upside on offer. The downside, of course, is that failure is far more likely. Even if Antrim is able to fund or farm out its Skellig obligations by 2016 (when drilling is scheduled to commence), the odds are heavily stacked against any drill campaign being a success.There is an argument that this is just the nature of oil exploration, but you only need look at the miserable track record of single-focus companies in this sector on AIM to appreciate the extreme folly of adopting this as an investment approach.This makes the choice for Antrim’s shareholders remarkably simple. Do they trust the current lethargic board to see the company through to drilling the Skellig Block in 2016?Based on the directors’ performance to date it is hard to see how they possibly can.One of the most obvious causes for concern has been the company’s failure to submit a new Field Development Plan for its Fyne Licence. The deadline for submission to the Department of Energy and Climate Change (DECC) was at the end of August. According to the latest quarterly report “the Company is in discussion with DECC regarding the Fyne Licence terms”. This sounds like RNS code for “the project is basically dead and we’ve been unable to resuscitate it”. Given that Sound failed to mention Fyne in its offer this morning, this is possible further confirmation that the current $nil carrying value of the project in Antrim’s figures is as good as it is now ever likely to get.Unfortunately for Antrim’s shareholders the failure at Fyne is just one of a patchwork of troubling signs that the current board is not up to the challenge of successfully navigating the hostile environment it faces.“But what about the much-vaunted cash balance”, I hear Antrim’s supporters cry?Were it not for February’s sale of Antrim Resources (N.I.) to First Oil for $53million, Antrim’s shareholders would be paying a severe price for their board’s passivity. It is true that the First Oil transaction left Antrim in a strong financial position (debt free and with a sizeable war chest), but so far the directors appear to have squandered making good use of this opportunity.Since the 24th of April (when the First Oil deal completed), Antrim has issued a paltry six RNSs. The market for small cap oil companies has been extremely difficult for several years. And this was before the oil price’s recent cliff dive. The last thing shareholders in a small exploration company can afford to pay for is a reticent board of directors, content just to sit back, earn their fees and wait several years for a single extremely high risk exploration play.Contrast this approach with Sound’s aggressive and successful commercial st

HTIG More4us 24 Nov 2014

I just gave HTIG a BUY rating: Funds /loan recieved from TCA on ADVFN.. Will I be right? [link]

AVP Jimothy 24 Nov 2014

Re: Highs it surely cannot be that hard to develop a system which knows diff between a buy and a sell!

SMDR CharlieHarper 24 Nov 2014

Re: this aint over 14allagain where's your £2 minimum and if Ophir ended up with all of SMDR being explorers who are moving into Indonesia they would get to do their thing...no need to sell anything.A Big backwards step in your argument i see....which seems to be the case with you in general when someone posts relevant information questioning your boooooooom and we have lift off posts.Jealous of the jocks are you...i can only imagine your jacket is covered in milk botle tops and you like to goose step whilst supporting the hereditary priviledged...i've never understood the EDL way of thinking.best of luck

GED UkBBinvestor 24 Nov 2014

Waking up? Looks like this sleeping giant is starting to stir today ready for expected deal completion around the end of this week / start of next.Clear some stealth buying going on here

GED UkBBinvestor 24 Nov 2014

Waking up? Looks like this sleeping giant is starting to stir today ready for expected deal completion around the end of this week / start of next.Clearly some stealth buying going on here

FLG TX2 24 Nov 2014

Re: High dividend replacement LOL aimforthesky lets not be too churlish!At least the capital value of our shares are up on this takeover approach and even if it does not suceed FLGs merits are likely to be better seen,like you I am a value investor and like companies that pay a good sustainable divi, if we pick as we hope the right shares then takeovers or at least approaches are an inevitability from time to time as others are going to see value eventually.

ELA danboris 24 Nov 2014

Re: Why the drop? totally agree Buffetts. I believe Eland is significantly undervalued given the potential of their assets. Below IPO price this is cheap and it should re-rate back to above 100p. Hopefully quickly...

SPH 5o waw 24 Nov 2014

Re: Trades Ambiorix1, Many thanks for your in depth reply and knowledge of SPH.

INTQ IOMINVESTCOM 24 Nov 2014

2.80 is key Hi All,looking like this 2.80 area is really important to break above to signal the break of this downtrend since early April.Top of the bollinger bands kicks in at 2.80 as well as the 200 ema on 1yr daily chart.SAR given a buy signal over the last couple of days.GLTA

WRN TX2 24 Nov 2014

Re: So !WHOT! is happening now? All going to expectation;at least my expectation!

MTV fish lips 24 Nov 2014

Re: 500,000,000 Mmm, I hope it's not a false dawn.