Petroceltic Share Discussion Threads

[rallyman2] 12/4/2016 07:44

a key factor is the "relationship" with the Algerian government getting things "ok'd" maybe they realize they need PCI as a going concern ? wv in total control

[nextull2] 11/4/2016 19:55

Rumour has it reconciliation with Worldview!!!
No doubt will include changes on the board??

[hermana3] 11/4/2016 10:58

Sean,Examiner cant alter contracts.Dont recollect an Examinership in Oil sector so can he do a better job than management? Yes he can....

[seangwhite] 11/4/2016 10:17

I wonder if Big Brain will get his large paycheck this month with the Examiner in place.The 3p from WV is looking like the only deal around for the present.GLTA

[imperial3] 11/4/2016 10:03

So in the meantime do we accept the offer,or risk getting nothing,if we wait for the deliberations of the examiner.

[imperial3] 11/4/2016 10:03

So in the meantime do we accept the offer,or risk getting nothing,if we wait for the deliberations of the examiner.

[mariopeter] 11/4/2016 07:19

Examiner needs to properly sell the assets and needs a data room.

[pyemckay] 10/4/2016 20:39

you cant accept the offer as the company is in the hands of the examiners until may.

[imperial3] 10/4/2016 17:46

Yes,I would also like to know what would happen,if I ignored the offer.

[dj2] 10/4/2016 11:39

Once again, especially with Aim companies, the directors are paid over inflated salaries, turn a world class asset into a disaster and walk away unscathed. They need to be held to account and stripped of their own assets. When is the law going to protect private investors? What are the scenarios if I don't accept the offer?

[nextull2] 09/4/2016 16:52

hxxp://www.independent.ie/business/irish/takeover-rules-behind-6m-bid-for-worthless-petroceltic-34611824.html

[seangwhite] 08/4/2016 21:58

Big Brain has only one goal and that making sure his pockets are well stuffed a bit like his plate.Wee Tom has lost all credibility by hanging on the BB coat tails for so long.The moral of the story is that leaving an inept BOD in place results in catastrophic losses for shareholders.GLTA

[nextull2] 08/4/2016 21:52

hxxp://www.rte.ie/news/business/2016/0408/780512-petroceltic-examinership/


After counsel said Mr McAteer wanted an extension of time to pursue and finalise an investment agreement and survival proposals, the judge agreed to extend court protection to 12 May.

[rallyman2] 08/4/2016 16:46

sure the banks can find someone to bid and realize at least some value for themselves !! or im sure there's a deal for a institution to make money ie finance 200m to make 40m?....because wv will up the bid

[hermana3] 08/4/2016 16:18

Examiner now has his feet firmly under the table. Can he find another bidder or we stuck with lousy bid from Worldview?

[rallyman2] 08/4/2016 13:33

bod total inept and maybe should be investigated , were blindsided by wv debt buyout but should have anticipated it ? only hope remaining debt holders have a plan need a new buyer to up the price, have the banks the appetite

[gerhart] 08/4/2016 13:27

Used to be a holder some time back. Can't believe how this Co was allowed to get into this position. BOD should be taken out and.... even for telling shareholders not to take any action when WV first announced offer. share price was higher then and peeps could have achived more in the market.

Instead they imply they have a cunning plan. Like fo ok! Protecting their own pay-offs was the only plan they had.

Wouldn't it be better for the suspension to be lifted and see what happens with regards to any White Knight. But with WV owning so much of the debt now, that probably won't happen. But who knows?

[moise] 08/4/2016 12:26

Irish Times casts a wry look;

[wshak] 07/4/2016 08:50

It looks as though there are some people who want to trade at 3.5p, which is a large premium to the recommended bid by Worldview. The 32,400 just printed is my buy, but I still have over 350,000 to go to close my short. See below:

If anyone wants to sell their PCI shares at 3.5p, please get your broker to contact Ken at Cambell O'Connor (tel 00 353 (1) 679 1969). Non-negotiable on price, sorry.

I am short from a lot higher up, so happy to pay a slight premium to the bid price to release funds immediately, rather than wait for the takeover process to complete.

WShak

[seangwhite] 06/4/2016 23:03

Well it certainly took something major to get Big Brain pushed aside. His words of 'transformational' we're poignant in hindsight. Wee Tom must surely wish he had jumped ship a whole back.GLTA

[aimsharesone] 06/4/2016 22:38

Petroceltic investors told to accept low 3p-per-share offer

Published: Wednesday, April 6, 2016 2:31 PM

[hermana3] 06/4/2016 17:07

And that is why Campbell O'Connor is offering 3.5p.

[kedward] 06/4/2016 17:05

1775 thanks. my thoughts also.

[1775] 06/4/2016 16:59

Presume (maybe wrongly) that the examiner gets on with his job.

[kedward] 06/4/2016 16:53

if wv do not get 93% of shares what happens then??