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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Riverstone Energy Limited | RSE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 6.00 | 0.66% | 916.00 | 09:17:31 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 910.00 | 910.00 | 916.00 | 910.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 08/5/2024 14:47 by kenmitch NTVIt seems that the tender offer was no more successful in reducing the big discount than buybacks. I’m not complaining as (presumably investor ignorance about the attraction of the recent tender offer) I was able to tender nearly all my holding. A tender offer at £10.60 with a share price around £9 was a one way bet, and a real reward, unlike with a big buyback that would probably have been just as ineffective. |
Posted at 12/4/2024 10:58 by bitgold Only 35% got tendered. You got more because you're held in a nominee account and other investors decided not to participate, which is lost money for them and a big gain for you. I immediately bought back my original holding at £9 and pocketed the difference. |
Posted at 12/4/2024 10:56 by bitgold With hargreaves Lansdown I got 90% tendered, so many investors clearly didn't participate, which is lost money. Questor in the Telegraph was happily telling investors to tender just the 35%. i wonder if he did the same...? |
Posted at 06/4/2024 10:32 by kenmitch Yes. That’s because I tendered my entire holding. The 35% (or whatever the exact figure was) was guaranteed to be tendered. But investors could choose to tender for more than that. How many extra shares investors then got depended on the level of the take up. So a lot did not take up the tender offer…..despitInvestors who want to are free now to buy back the shares they successfully tendered for around £9 and pocket the profit. |
Posted at 28/3/2024 09:22 by jaf111 From Questor a week ago…….It also means a “material̶ Mr Carthew said if the tender offer is taken up in full, Riverstone’s NAV will rise by 113p to £13.66 a share because of the boost from buying its shares cheaply. “Shareholders need to weigh up their need for liquidity against this loss of potential long-term value – and this is very much an individual decision,” he said. |
Posted at 13/7/2023 10:28 by the millipede To be honest, some of these investments are/were very speculative and there is always a chance of failure.This news isn’t really about the investment but about whether investors understood the risks they were taking. Share price fall seems overdone to me. Anuvia was a very small part of overall NAV. |
Posted at 31/5/2022 09:26 by spooky Think you will find RSE were the lead investor in an $80m fundraising. They did not invest $80m. |
Posted at 18/5/2022 12:46 by nimbo1 I was looking at this trust as an investment but won't be making one now - its crazy they've invested $80 million of the trusts money on behalf of investors in that high risk motor electrification project. 99.9% of these types of things fail. V high risk in my opinion and money would have been far better spent on buybacks. Of course now I've said this the venture will change the world. |
Posted at 09/2/2022 18:38 by cousinit I did manage to sell a chunk at about 570 when it popped on Tuesday morning last week (bought back since when it subsided a bit).Other alternative is if it goes into run-off in such a way to reduce the management fees and the termination cost (especially as cornerstone investors look to have sold down recently?) but not sensing that's on the cards at this point. That would also hinge on the asset values being realistic! |
Posted at 02/2/2022 01:00 by apollocreed1 @HugePants - Thanks for that calculation. I was searching the RNS for that figure and thought it was strange they didn't highlight NAV per share which is the main statistic that investors want to see. |
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