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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Dragon Oil | LSE:DGO | London | Ordinary Share | IE0000590798 | ORD EUR0.10 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 798.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
13/8/2015 16:26 | Eddie, the way I understand it...Shares held in paper form, monies paid about a week after they get them.Shares held electronically you'll get monies around 2nd week Sept. | hopeful holder | |
12/8/2015 11:53 | I told you that already read the posts | spob | |
12/8/2015 11:42 | Any ideas as to when we will get our dosh!! | eddiew | |
12/8/2015 10:09 | Just for info: Dragon was the one company out of the original 17 companies that WAS NOT approved for licenses in Uganda. | fido | |
10/8/2015 22:04 | bealey, Dragon WILL be successfull and in fact much more than most here can imagine, it`s just that we will not be part of it. As I said, an end to an era. | fido | |
10/8/2015 20:57 | I know your right fido, its just dragon have been part of my life for over 20 years and had a lot of hopes riding on their success. | bealey | |
10/8/2015 20:15 | bealey, ENOC have no obligation to arrange a seperate listing for minority shareholders if they do not get the 90% that would see enforced sales. For the FCA to put pressure on ENOC to arrange a seperate listing there would have to be a substantial number of minority holders and experience tells me that this will not be the case. Off market exchanges do exist for de listed companies with Asset Match being an example but ENOC really do not want minority shareholders so I really cannot see them being receptive to the idea. You could challenge the 90% enforcement in the courts but the odds are that you would loose unless you could prove extream hardship as a result of ENOC`s actions and then ofcourse you would be liable for court costs. Regretably it is far less painful just to move on, but that is just my opinion and does not constitute advice. | fido | |
10/8/2015 19:41 | Thanks fido, what would it mean to Enoc to maintain a separate listing for minority holders? | bealey | |
10/8/2015 19:18 | bealey, Enoc certainly have 75%, hence the delisting. They don`t have the 90% at the moment or they would have said so, but the likelyhood is that they will attain that figure. If they don`t then you will retain your holding in an unlisted company. The downside to that in my opinion is the loss of control. | fido | |
10/8/2015 18:42 | If they don't get 90% ? or do they have them already? | bealey | |
10/8/2015 18:23 | bealey, What it basicly means is that if ENOC reach 90% they can apply to the courts to forceibly purchase your shares. | fido | |
10/8/2015 17:54 | I have not yet accepted to offer. Can anyone explain if any of the following relates to this bid :Even if the offeror has declared a traditional contractual offer unconditional in all respects and has won voting control of the offeree, there may be a minority of shareholders who have not accepted the offer. The 2006 Act gives the offeror the right, once an offer has been endorsed by the substantial majority of shareholders, to purchase the shares (on the same terms as were available under the offer) held by those minority shareholders. This procedure for the compulsory acquisition of shares is significant since few offerors will want an outstanding minority interest as any minority could frustrate plans for the business following the offer. It is also possible that if a substantial number of minority shareholders exists after the offer is completed, the offeror could be required by the FCA to maintain a separate listing. (Note that these issues will not arise if a scheme is used see earlier part 8 of this guide).The 2006 Act sets out the compulsory acquisition procedures that apply. The right to buy out minority shareholders is triggered on satisfaction of a dual test: an offeror must have acquired or contracted to acquire both 90 per cent of the shares to which the offer relates and 90 per cent of the voting rights in the company to which the offer relates.There are detailed procedures for the compulsory acquisition process (including the timetable and required notices). It should be noted that, in calculating whether or not the 90 per cent threshold has been reached, shares acquired (conditionally or unconditionally) by the offeror prior to the despatch of the offer document cannot be included in the calculation.In addition, the compulsory acquisition provisions contained in the 2006 Act give the non- assenting minority the right to be bought out by the offeror following a successful offer. The offeror may therefore find itself under an obligation to purchase the shareholding of the outstanding minority even though it may not wish to do so.Each of these rights are exercisable on a class-by-class basis if there is more than one class of share capital. | bealey | |
10/8/2015 16:17 | Can we not make a mass action claim via a no win no fee solicitor? Does the Irish FSA Equivalent offer us no protection? I reiterate this is theft on a grand scale, I have only voted to accept because I had no choice, its like having a gun put against your head. | wwalbers | |
10/8/2015 14:09 | My take is that the "minimum average" means that production will not fall below 100,000bopd but ofcourse that then gives ENOC the ability to grow production substantially above that. That is a world away from "maintaining an average production of 100.000bopd" meaning production would stay around that level. I did post an article from proactive a short while ago where they were suspicious of ENOC`s wording and that now seems to be the case but as I said, it makes no odds as the deal is already done and most knew they were being shafted by ENOC anyway. | fido | |
10/8/2015 13:45 | What on earth is a "minimum average" ? That sounds suspicious - which will surprise few I'm sure. Here's one explanation : If you take the average production each month, then September 2015 might have an average of 100k which, whilst catching ENOC executives by surprise, rises every month until say September 2020 has an average of 300k. The "minimum average" therefore would be 100k. As we all know, ENOC's bid has looked dodgy in so many ways. | 2020hindsight | |
10/8/2015 12:58 | Not that it makes any difference now, but the wording from ENOC has changed already. We have gone from ENOC saying that they would "maintain an average of 100,000bopd for the next five years" to that now becoming a "minimum average". As I said, it makes no odds as everyman and his dog knew that ENOC was lying about that one. | fido | |
10/8/2015 12:54 | sutton3............. | acordis2 | |
10/8/2015 11:42 | sutton3 i wish i could do the same, looks like selftrade have already allocated the shares, so cant trade. | asif1230 | |
10/8/2015 09:39 | Hi to All. Just sold out at £7.99 including charges through TD direct. Didn't see point in waiting till October for the cash. Sutton. | sutton3 | |
09/8/2015 21:34 | Interesting that Mohammed Al Ghurair has gone from ENOC .... has he also lost his position as Non-exec Chairman of Dragon Oil ? Did they think he did a bad job handling the takeover or has he retired ? | 2020hindsight | |
09/8/2015 20:22 | Given the make up of the new ENOC BOD it is perhaps no wonder that the likes of Elliot caved in and sold us down the river, these people are very hard to say no to. That being the case, the result was never in doubt and it was only ever about the price. | fido | |
09/8/2015 17:59 | For those interested in oil companies check this Interview with Gaurav Sharma - an Independent Energy Analyst: | lak342 |
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