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DNX Dana Petroleum

1,799.00
0.00 (0.00%)
28 Mar 2024 - Closed
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 13651 to 13674 of 13850 messages
Chat Pages: 554  553  552  551  550  549  548  547  546  545  544  543  Older
DateSubjectAuthorDiscuss
20/9/2010
15:00
Koreans reckon Dana paid full whack for the Suncor assets, but happy to take them on board
thegreatgeraldo
20/9/2010
11:07
Hard to make sense of it frankly.
edmondj
20/9/2010
10:54
do we think that they are buying on the behalf of a mystery buyer
rumblefish
20/9/2010
10:31
Looks to be Morgan Stanley on the larger buy side, via CFD's.
edmondj
20/9/2010
09:16
My broker's advice is to leave my ISA/PEP shares until the offer goes unconditional then submit them. In the meantime if anything develops I'm still able to take advantage.
Come on Tom a BIG strike and a counter offer please!

DYOR of course!

fhmktg
20/9/2010
08:01
I am still puzzled why significant amounts (say up to £50k worth) keep being bought directly since KNOC's Friday announcement, they aren't delayed trades and this is not worthwhile as an arb trade now even via CFD.

For example, current buyers of about £80,000 worth of shares at £17.93 would only make about £300 before costs.

Since no one else has come forward to bid, the only factor of material change is whether Anne Marie proves a blockbuster. A potential bidder would need to know the score there, which would account for the delay, but it's a high hurdle to significantly out-bid KNOC and acquire its stake.

So indications of high success in the Faroes look the only real catalyst, to me, why are some traders apparently buying DNX though...

edmondj
20/9/2010
07:54
Is that it then?
Are we too close to the 23rd for there to be an effective alternative to KNOC?
Can't see a white knight coming in at this late stage.
Thoughts?

fhmktg
20/9/2010
06:42
Unlikely to be able to de-list at 75% although this was The Telegraph's story, from business editor to reporters they seem to be puppets for KNOC propaganda.
edmondj
19/9/2010
12:33
rumblefish,

I think you should lay off the afternoon boozing.

I asked a quesion. I note you never answered it, so I'll ask it again s-l-o-w-l-y (for the benefit of the stupid).

If they delist at 75% but do not get 90% so cannot buy those outstanding shares, what happens then?

shabbadabbadoo2
19/9/2010
11:00
Just back from holidays - have held shares since Oct 2008 and definitely holding now - I like investing in successful British companies. Sorry to see no higher offer yet - I suspect that if one was coming there would have been leaks or rumours by now! Anyway, no rush to do anything. Good luck all holders.
bigbertie
18/9/2010
18:45
Shabba...........I understand taking a risk....we all do when you buy shares in any company.........I can only describe your post 13420 as totally....sorry absoutly......reckless.....I understand schroders are looking for a new fund manager for their UK equity fund....all you have to do is make atleast 10% ROI (compounded) in 10 years...post office savings account comes to mind!

Rumblefish

rumblefish
18/9/2010
17:26
Well thought through, happy to hold!
dougdig
18/9/2010
17:01
perhaps you need to think this through a bit more....?
phillis
18/9/2010
14:11
"you would stand without a quote because they will delist at 75%"

Yes, but I would still own part of the company.

What would KNOC do then? Offer more?

If so, is doing nothing a one-way bet on Anne Marie?

shabbadabbadoo2
18/9/2010
11:44
And not read TC's defence either - shame on you!
Final word rests with Dana Board and I will follow their advice - they have earned my total respect and loyalty whatever the outcome.
So until the fat lady sings ......
Baah!

dougdig
18/9/2010
08:20
solomon/Phillis

Working on behalf of KNOC?

M

milacs
17/9/2010
19:17
As this deal was looking done, i switched the proceeds into an arbitrage on Brit Insurance this afternoon

Life is sweet

spob
17/9/2010
18:33
Edmond it's just delayed trades from this AM before the announment thats all
rumblefish
17/9/2010
17:19
Schroders has been fairly prompt with its holding releases today - that just leaves around 19 million shares which KNOC has bought unaccounted for....
thegreatgeraldo
17/9/2010
17:16
If all is lost and the gloating institutions have got their champers chilling already, it is still intriguing why a steady stream of buys around the £50k mark keep appearing - since today's announcement from KNOC.

They can't be adding, so unless it is some hedge fund as part of a concert party, someone (or others) is still betting on a fat lady as the arbitrage gap is too slim to be worthwhile.

edmondj
17/9/2010
15:34
A real shame tbh that Dana looks like it's going to go.
Sold out by it's biggest shareholders, and not helped by hatchet jobs in the press...

madskt
17/9/2010
15:02
you would stand without a quote because they will delist at 75%
phillis
17/9/2010
15:00
But if they don't get 90%?

I'm thinking that if 11% of people do nothing, and Anne Marie comes in - so then selling at 1800p would be madness, where do you stand?

shabbadabbadoo2
17/9/2010
14:16
I spoke with someone from Merryl Lynch this morning who said they hope to get things tied up by Thursday or Friday next week. They have cleared their pitch with the UK and Dutch authorities but still have to dot a few is and cross a few ts with the Egyptians and Norwegians.

If they have 90% acceptances by then they can declare the offer unconditional. If they don't they have two options: extending the offer for a further week to hoover in a few more shares or lower the unconditional acceptance bar.

Whatever happens all shareholders are guranteed £18 even if you hang onto the shares and sfter everyone else has been 'squeezed out'. Several months later you'll eventually get a check in the post at your registered address.

alanadale
Chat Pages: 554  553  552  551  550  549  548  547  546  545  544  543  Older

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