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NVE Novera

77.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Novera LSE:NVE London Ordinary Share GB00B1VX1R81 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 77.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Novera Energy Share Discussion Threads

Showing 201 to 223 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
06/11/2009
17:30
Doesn't Buffet buy famous established brands like Coca Cola? I don't think he ever goes for new technology.
sbs
06/11/2009
17:16
Why are you people thinking short term? and when i say short term i mean a year.
This company will be soo much higher in 2015 when it has much more sites up.
I know you have heard of Warren Buffett and how successful he is and why don't you follow his ways, he doesn't like holding share's for anything less than 5-10 years.
I'm buying next week and holding till atleast 2015

rlindsey2
05/11/2009
11:17
Thanks. Let's see what happens. I am expecting the bid to lapse, the price to slide, and me to get back in below 67p I sold at. The bid seems very anaemic.

It won't be long to find out if I am right!

sbs
05/11/2009
09:28
No! see post no.75

AO

a0148009
05/11/2009
08:56
Can they wait for the bid to lapse, the price to fall, and then snap up shares in the open market?
sbs
04/11/2009
20:47
no, they will be able to bid again if someone else bids or they agree a deal with nve board
robson1974
04/11/2009
19:32
a0148009

does that mean they cant raise their offer?

cheers

thelongandtheshortandthetall
04/11/2009
12:02
Infinis cannot make another bid or buy any shares for 12 months.

AO

a0148009
03/11/2009
08:48
0.1% acceptances. An offer extension, but at the same price?

So what happens if the offer lapses?

sbs
02/11/2009
11:05
This was posted on the REG Plc EPIC:RWE thread
praipus
30/10/2009
23:03
Sold out at 67p after bid was announced, so didn't get the original circular p9. Does anyone have the pre-correction and post correction statements?

Also, do people expect a higher bid? Share price is looking for a 10% uplift, but given share price history, this may not give a big majority.

IIRC, the bidders were looking for 50% rather than the more common 90%->100%. Is this correct? If so, they will be happy with a minority shareholding - and perhaps don't have the cash for a complete takeover - in which case they will not be looking for a knockout bid but a small majority.

sbs
28/10/2009
17:33
the best thing to do is hope for a white knight who will pay somewhere closer to fair value which i reckon is 100p+
robson1974
28/10/2009
17:31
I agree with the Directors that Novera is ridiculously cheap for the growth potential it offers and i think Infinis are acting like absolute *ankers but this statement in the letter does require some explaining :-


Your Directors will not be accepting the Infinis Offer in respect of their own beneficial shareholdings amounting to, in
aggregate 341,804 Novera Shares, representing approximately 0.24 per cent. of the issued share capital of Novera.

why do the Directors own so few shares in what is genuinely a brilliant growth story?

robson1974
28/10/2009
17:05
After reading Infinis's somewhat negative description of Novera,
WTF do they want to buy it for ?

monkeywrench
28/10/2009
16:25
Sold my East Surrey shares to Terra Firma only to read that within 14 days they had sold some of the assets for a £60m profit!

Never accept the first offer IMHO.

praipus
27/10/2009
13:46
Higher bid?

Easier for a white knight?

Continue as normal developing and operating Hydro, Wind and Landfill renewable energy sources?

I'm easy but not cheap. Defence document:

praipus
26/10/2009
10:50
So what happens if the bid fails?
sbs
15/10/2009
16:27
hope so....just wants a middle eastern sovereign wealth fund with an appreciation for carbon free assets and a need for a few offsets to go with the oil rigs. They could show up chucking £1.29 at us abd still make money in the long term. Think Infinnis's attack is a bit unfair on the management having just brought the ship through the worst credit environment since 1929.
praipus
15/10/2009
14:51
getting nasty
robson1974
15/10/2009
14:51
15 October 2009


Infinis Energy Limited ("Infinis Energy")

Cash Offer for
Novera Energy plc ("Novera")


Response to Novera announcement


Infinis Energy notes today's announcement from Novera in relation to the Offer.


As set out in the Offer Document posted to shareholders, on 6 October 2009 Infinis Energy acquired approximately 13.0 per cent. of the existing issued share capital of Novera, from Credit Suisse Securities (Europe) Limited, the largest shareholder in Novera other than Infinis Energy, at a price of 62.5 pence per Novera Share. The acquisition triggered a mandatory cash offer for Novera in accordance with the provisions of Rule 9 of the City Code.


The only condition to the Offer is that valid acceptances are received which will result in Infinis Energy holding Novera Shares representing in aggregate more than 50 per cent. of the voting rights exercisable at a general meeting of Novera. The Condition and further terms of the Offer are set out in full in Appendix I of the Offer Document. Given that Infinis Energy currently holds Novera Shares representing, in aggregate, 42.6 per cent. of the issued share capital of Novera, the Condition would be fulfilled once Infinis Energy receives valid acceptances representing, in aggregate, more than 7.4 per cent. of the issued share capital of Novera.


The Offer is at a premium to where the shares have traded for a considerable period of time.


*

Novera has traded at a 52 week low of 29.0 pence per share (19 December 2008) and at an average share price of 40.8 pence per share in the period between 1 December 2008 and 6 October 2009 (being the last Business Day prior to the Announcement Date).


*

The Offer represents a premium of approximately:

*

30 per cent. to the closing middle market price of 48.3 pence per Novera Share on 6 October 2009 (being the last Business Day prior to the Announcement Date); and
*

43 per cent. to the average closing middle market price of 43.8 pence per Novera Share for the six months up to and including 6 October 2009.


Infinis Energy continues to believe that its Offer is in the best interests of Novera Shareholders given the attractive cash premium highlighted above, the relatively low liquidity of Novera Shares and its view that Novera lacks the management expertise necessary to deliver a strategy which will create value for its shareholders.

robson1974
15/10/2009
12:32
Love it this is good old agressive takeover stuff. Just need another bidder or six to take a bite or two. Siemens has just bought Solel Solar off of Ecofin ECWO for £418 million! International Power IPR has just bought REG/RWE.LSE Canadian Windfarm interests for £57m. Mr Hands might have to dig a bit deeper yet. 62.5p....I thought they were good value when I paid 84p....enterprise value is £1.29 which is the usual measure of an approximate takeover value. Interest rates being so low 62.5p is having a laugh IMHO
praipus
15/10/2009
12:31
If there is no sensible offer, I expect the price will drift down and I'll buy back in. Either way, good luck to holders!
sbs
15/10/2009
12:21
i.e.

" come back to us with a sensible offer "

robson1974
Chat Pages: 10  9  8  7  6  5  4  3  2  1

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