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DNX Dana Petroleum

1,799.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dana Petroleum LSE:DNX London Ordinary Share GB0033252056 ORD 15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,799.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dana Petroleum Share Discussion Threads

Showing 13576 to 13598 of 13850 messages
Chat Pages: 554  553  552  551  550  549  548  547  546  545  544  543  Older
DateSubjectAuthorDiscuss
16/9/2010
08:25
Can someone recapitulate as to what happens if you just hang on to the shares?

Tks

alanadale
16/9/2010
08:10
This might be 8 days old but worth a read.
doagh
16/9/2010
06:58
EJ, If I simply hold my shares past the 23rd how likely is it that KNOC would Hoover up after that date?
Is it more prudent to post acceptance say Monday or Tuesday at the latest?

fhmktg
16/9/2010
06:26
Schroders has been a big disappointment because in repeatedly asserting that £18 a share is a fair price, from The Torygraph to The Korean Times, this has damaged Dana's negotiating position. The fund manager, like The Telegraph business editor, dismissed the company before it had even published its defence document.

Dana is probably too oil weighted now, and less complementary parts of the world, to interest Centrica.

edmondj
15/9/2010
18:53
Shareholders like me still receiving phones calls as to our intentions.( 7pm.)

Fustrating as they cannot provide any useful information or answer any questions. Also differcult to see what can be gained from the exercise at this late stage with our fate seemingly controlled by the larger players.

Sam has been a big disappointment as for whatever reason he did not see Dana as part of his organisation.

But after all has been said and done it has been a wonderful ride for the last seven years with plenty to be grateful for.

churchill2
15/9/2010
16:39
bomfin,

It was a hedge fund tip (seriously), good lesson to stick to one's own judgment!

Spoke to various advisers earlier which does not change my view, suspecting the shares are static money now (given the curtain coming down from KNOC). My view that Schroders has undermined Dana's negotiating position was not disputed.

Main question is at what % level KNOC can declare the offer unconditional (it's not stated in the offer document) although from the latest holdings RNS's I guess they must have 60%+ now if this spivvy lot want to sell soon at the best price available.

I did have a very interesting conversation with an oil industry plc director who, despite not being a shareholder, held Tom Cross in high regard and reckoned there is substantially in excess of £18 a share value here.

As for the offer acceptance deadline being this week for many nominees, I may hold off because the likely outcome (my reading) looks to be the offer going unconditional yet with outstanding holders encouraged to tender their shares ASAP. The main thing I want to preserve is flexibility to react to developments (e.g. elsewhere, and by trading in the market). Plus the off chance, Tom Cross can prove his mettle...

edmondj
15/9/2010
12:53
I've got only one thing to say to that!!

Atlantic Caspian!!

Only kidding Edmond. Enjoy your DNX profits.

bomfin
14/9/2010
11:12
Hmmm..seeing today's RNS reminds me I had my phone call yesterday asking if I had seen defence document or was considering selling....
Answers were "Yes" and "No!".
Cant imagine anyone selling at these prices - fingers crossed that someone apart from KNOC takes a serious interest - before it gets too late, please?
It will soon be 23 September....

dougdig
14/9/2010
10:42
BoAML advice takes the prize
phillis
14/9/2010
08:09
EdmondJ
thankyou for DNX, I first bought when you were writing in city pages of Telegraph.
Question taking a 5 year view which names appeal to you in sector?
Thanks.A lot.

vraic
14/9/2010
06:08
Friday 17th appears to be a typical nominee deadline.
edmondj
13/9/2010
21:09
Hi all,

From a purely mechanical point of view, if we don't get a sniff of a white knight by Weds or Thurs, I reckon it's likely over for DNX as presently constituted : PI's may be required to make up their minds well in advance of the 23rd deadline.

A steady drip of PI sales later this week will probably be seized on by MMs to push the bid down and at some point thereafter hedgies' nerves are likely to crack.....

All IMHO, DYOR etc

extrader
13/9/2010
19:33
SteveofSW19

Because I reckon it would cost me nearly £700 and I can afforsd to wait

phillis
13/9/2010
19:22
EJ - see

...of course one possibility is that OMV decided not to - which might be why KNOC are standing form on price. OTOH, Dana have been remarkably robust in rejecting if there really isn't an alternative available.

emptyend
13/9/2010
18:48
Is OMV ruled out I wonder, this was the centre of original bid speculation in June.
edmondj
13/9/2010
16:52
Jarvis say they do not lend your shares.
serratia
13/9/2010
14:31
5p return for cash buyers, once you allow for stamp duty
thegreatgeraldo
13/9/2010
13:42
Surely with the market at 1785 and nothing signed suggests the market thinks that a bid of 2000p or higher is likely?

I'd suggest it is simply that the market thinks 1800 is a nailed-on certainty.....and with interest rates being the way they are, that is still a fair return for a few weeks (especially if leveraged).....
....however, I still haven't given up on a better scenario.

ee

emptyend
13/9/2010
13:36
If most people think that 1800p is all that is due why haven't most sold? Why stay a holder and take the risk for another 15p?

Surely with the market at 1785 and nothing signed suggests the market thinks that a bid of 2000p or higher is likely?


Discuss.


S.

steveofsw19
13/9/2010
12:49
surly KNOC would have to notify the company if there holding goes over 5%....is'nt that stock market rules....just like all these hedge's have been doing for the last 6 weeks
rumblefish
13/9/2010
11:58
Thanks Edmund
grigor
13/9/2010
11:49
EJ,

The question is, who are the lenders of the stock, and are they aware that they are the lenders?

I hold my stock through a nominated account. I have no specific information, but could it be that Halifax(in my case)have lent out my shares, along with thousands of others, to the hedgies? ..It certainly wouldn't surprise me.

It's unlikely that Schroders et al have lent them, where are they getting them from?

2006stocktaker
13/9/2010
09:11
Hi,


I've been screwed over previously when other companies have had special situations where management have self-served rather than provide longer-term benefit to shareholders, so know that whatever the standard acquisition rules, creativity can allow some flexibility in m&a activity.


With that in mind, what if Dana was to do a transaction, or any other alternative plan, where Centrica (or other) asset-swapped in return for making Dana focus on Oil and the other Party on Gas in return for a substantial equity in Dana, or around geography or other consolidation/swap/focus? or, how about if it was to pre-sell its production (as the normal course of business) but for many years ahead or some-such?


How much power would the board have to bypass the shareholders before the final whistle is due with the right imaginative transaction?

What if it was able to simply release an RNS just before the decision date saying that it is negotiating a "transaction" with a 3rd-party?

Also, anything that would muddy the water and enable time to be dragged out for certain drilling results to come in....



Thanks in advance.


Kind regards,


MN

zoo1234
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