Bowleven Takeover Rumours (BLVN)

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Bowleven Takeover Forum Posts

04-05-2017
If COC are buying millions more at the current price, they are not doing it to lose money so are clearly expecting a higher return. Indeed as VC or takeover people their exit strategy would probably be a 50% uptick - which allows for a fair bit of downside on that target and still make a nice return.Timescale obviously unknown but they will have accounted for the time value of money.
25-03-2017
Benjimun Book value may well be 90p but that is not the price COC is looking for. Rest assured COC is working hand in glove with another party which is helping to finance their share purchases. COC, as it states, might not be looking to takeover BLVN but they know someone who is. They will increase their stake to just below 27% but they will not chase the price. It is clear one of the MM's is working with them to keep a cap on the share price. We might see it go through 40p but I doubt we will see the price higher than 45P. Progress above 40p is going to be very slow! But I do expect a bid around 45/50p which COC will accept for its holding. BLVN is at the end of its life and the death rattle is very loud and clear.
21-03-2017
Not daft in the slightest. COC can buy most of the shares and takeover the company. That's fine. Until such time, Billy Allen has a duty to the "other" shareholders, let's call them "the 75%, to safeguard their interests. Its as simple as that. Not a complicated proposition and I suspect its more of case of "not wanting to get it" than "being able to get it" in your case log, as you seem like a bright fellow.
10-03-2017
Benjimun, It is probably easier to list on AIM first, but I'm not sure New Age would want the complexities involved in a reverse takeover. It may make more sense to list themselves first, establish a value for their shares, then simply make a takeover bid using their paper so they don't need to spend any cash. They can use their paper as currency.
09-03-2017
IMV this takeover is done and dusted. I expect 60-70% of votes to be cast and 22% are already with COC. That means KH has to get at least 73% of the rest of the votes, which I don't think he will. If COC are still buying then that is because they believe they will make a turn on it, not to secure the vote which is in the bag. Once they have control then I suspect an offer will come in from NA. If I was them I would already have that sown up. Unfortunately I suspect that 60p will get the company. I suppose that is good from where we are, but not from where we could be IMV.
Wshak, 'I consider myself a deep value investor, but not necessarily a long or short term one. Sometimes, I hold an asset for many years but sometimes I'll flip it quickly - it really depends on the asset and the alternatives out there for re-investment of the proceeds' This will be COC's position I guess. 'I could easily see a situation where New Age, having let COC do the dirty work for them, suddenly buy their shares at a premium before launching a takeover offer'. I think NA actions have been premeditated they know investors can be an inpatient bunch and have dallied for as long as possible, waiting for KH to dally around a while, I think there is a possibility of colluion with COC, but hey I am a paranoid tin hat wearing guardian reader. :-) NA know what they have at etinde and they want the rest cheap. Has there been any ore news on NA proposed floatation? I would certainly consider buying at the right price prior to etinde appraisal.
Benjimun,If someone wants to make a cheap bid for the company, I have no problem with that - we don't have to say yes.I could easily see a situation where New Age, having let COC do the dirty work for them, suddenly buy their shares at a premium before launching a takeover offer.It seems obvious to me that BLVN will soon be in play. All that remains to be seen is what kind of price will need to be offered in order to persuade holders to sell. A hostile takeover is very rare in O&G but, with Hart's removal, things become very easy for an acquirer.Will a fair price be paid? I don't know, but I expect some value to be restored, and waiting for a bid seems more sensible than selling out which I was close to doing.
08-03-2017
COC are they trying to do an aggressive takeover or something whats going on? or just trying to remove directors? I wish alot more other II's can do that in other aim companies, that will be fun!
28-02-2017
If they are building a stake for another party this could prompt a full takeover.
24-02-2017
Not long now before the board are potentially voted out, though I wonder if a takeover might come from somewhere, seeing how disappointed/let down shareholders really are here. Come back Dragon?
22-02-2017
Sums it up for me!briand2 - 22 Feb 2017 - 08:38 - 14746 of 14747 - 2Crown should put more detail into their plan or make a proper takeover offer.
We know very little about the individuals behind Crown and being told that some investors have made enquiries and found nothing wrong without providing details does not cut it for me. That and the amount of time and effort being put in to knocking the current board by some posters is concerning. Crown should put more detail into their plan or make a proper takeover offer.
20-02-2017
Darby. Yes I read it but it is extremely vague in outlining a number of options which may be appropriate.I am concerned that shareholders would hand over these significant assets to a group about which we really know very little. I still hope for a proper takeover with specifics about what is the price on offer.
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