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Bowleven Takeover Rumours (BLVN)

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Bowleven Takeover Forum Posts

28-04-2016
i do not care what anyone else says. something has definately been leaked.. is it a takeover or aquisition
Bakedbeans Board takeover by whom? Hopefully three events will kick the share price out of it's current impetus. Secondly, a part purchase of a producing asset, e.g., 35%, many to choose from in W & E Africa that are struggling to finance operations at any reasonable interest rate. Firstly, a balanced emphasis, embracing activity agreed now. Thirdly, for JPM and OMF to leave off their 2-3p abuse range that they have traded for over a year mercilessly.
27-04-2016
cash worth 20p a share 80m carry on 2 wells (20p share again) 20% of etinde worth around 20p share (may be worth more) bomnomo around 3p a share.. so i have a takeover price of 63p...over 200% upside.
At a guess share price suppressed for a board takeover would not surprise me with how they have played news / no news. Cynic yes also a realist...
At a guess share price suppressed for a board takeover would not surprise me with how they have played news / no news. Cynic yes also a realist...
03-02-2016
A billion dollars spent and a 4m potential income stream if we spend 8m on infrastructure . Thank God Kevin can strike good deals to flog our assets because doesn't strike me he can generate enough revenue from production. There are two ways of getting a decent return here. Etinde drilling and or a takeover. Gas may be viable and be at a reasonable price but in a bombed out sector in a once in a generation downturn the market presently isn't interested. So roll on Etinde
01-02-2016
can`t see a takeover here, restrictions on Etinde will put them off. WJ.
only hope of salvation is a takeover.
Takeover Target back in the sights!
29-01-2016
i'm not sure why we would want to be taken over in the current market - surely that would yield a much lower level of shareholder return than if we waited for the IM5 drills and the money from Tanz and Bomo to roll in. It might even co-inside with a market pick up? The last thin i want now if a cheap takeover, these are golden tickets at these prices. IMO
bought some... look cheap for a 35p takeover. this will be takenover. reckon they have still got about $90m cash with a further $40m due.
also, as they spend the money and make a business that requires ever more highly paid oversight a takeover becomes ever more unlikely, indeed it wont happenetinde sale only option on horizon
12-01-2016
KH-so far has done very well for us,doing the deal while the oil price was high and not blowing the lot on a takeover a la BG/Shell deal.
23-12-2015
There are no takeover suitors. Just the usual post AGM deflectionary talk that every company has when trying to squirm their way out of appalling performance of the sp etc
22-12-2015
Was abody else @ the AGM? found it... Two suitors circling??? jacarandauk 3UP A while since I've posted but my holding is higher then ever. Obviously disappointed with the s/p. My average is now about £1.20 so well underwater but relaxed overall. The sector is in real trouble but BLVN is actually in quite a good place. The most pleasing aspect of what's been reported to me about the AGM was the chatter afterwards. Apparently there are two very solid companies making noises about a full takeover bid. No idea if the approaches have been welcomed or not but it was inevitable that this would happen with all the cash we have, with more cash to come and soon to be self reliant on some production.... I estimate an eventual sale price of around 90p which would result in a big loss for me but better than 21p!! Big six months ahead. IMHO DYOR
Ah found it... Two suitors circling??? jacarandauk 3UP A while since I've posted but my holding is higher then ever. Obviously disappointed with the s/p. My average is now about £1.20 so well underwater but relaxed overall. The sector is in real trouble but BLVN is actually in quite a good place. The most pleasing aspect of what's been reported to me about the AGM was the chatter afterwards. Apparently there are two very solid companies making noises about a full takeover bid. No idea if the approaches have been welcomed or not but it was inevitable that this would happen with all the cash we have, with more cash to come and soon to be self reliant on some production.... I estimate an eventual sale price of around 90p which would result in a big loss for me but better than 21p!! Big six months ahead. IMHO DYOR
Bow keeps plodding on in these worst of all OIL times. New assets , existing assets and assets still to come . I think Bow will come out the other end very well endowed probably middle to end of next year. Why a bid hasn't been put in for a takeover does amaze me, and I hope it doesn't happen ! Looking ahead there could be 2 income streams next year and maybe some more buying of stressed assets. IMHO GLA investors here
16-12-2015
Malcy on POO and BLVN. He too thinks that a merger/takeover of VOG is the way to go hTTp://www.malcysblog.com/2015/12/oil-price-wood-group-sound-energy-caza-sundry-halbh-pantheon-bowleven-amerisur-and-finally/
08-12-2015
The sad fact is that this will fall to around 12-15p area as oil price collapses then and only then a takeover will come in around 25p. Sad but true. Management is directionless making stupid investments with cash pile whilst paying themselves handsomely for destroying shareholder value. Any care to dispute this Sad fact?Get real everyone.
07-12-2015
Pillow, why would you bail now you keep telling us there are rumours of a takeover. Seems strange to be bailing if that's the case.
03-11-2015
Grahambr, Assuming a takeover happens I think almost everyone would agree that the price would be much higher because Etinde is a good project and the company has cash. In the right hands it would be a good investment and the market might like it. The problem is that despite this, without a takeover the market is pricing in KH spending the cash (like his record suggests) and not getting maximum value out of any of the projects BLVN hold. There's only so long KH can say he's looking to create shareholder value. ! The shareprice has dropped from 400p to 26p and all but the last 15p of that has nothing to do with the price of oil. BLVN has spent $550 million in Cameroon and a total of over $700 million if you include keeping the lights on and salaries etc. It now has around $130 million, 20% of Etinde with a free carry and whatever Bomono is !
I think BOW shares must be worth more than their current value and here's why. If it were possible for a takeover at say 27P then the buyer could immediately get his money back out of the bank (where BLVN keeps its money), Having got their money back they could sit back await for Etinde to be drilled and probably get a great income with no investment. Whilst waiting for that to happen they could then sell the rest of BLVN assets including two drill sites with gas and oils finds already proven, and other licensees they have. This is how I explain their current under worth IMHO of course


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