Sibir Energy Share Discussion Threads

[dougie471] 22/5/2009 12:26

remember nothing with sibir is ever straightforward. There will be more twists along the way and dont be surprised if a new bidder appears shortly

[dougie471] 22/5/2009 12:25

who in their right mind is going to sell at £4 when Gazprom have recently paid £5. They are getting to the stage of the takeover move that they will have to seriously up their offer to attract the larger institutions and shareholds to sell, never mind the russian government

[dougie471] 22/5/2009 12:08

the value of our shares is going up by the day based on oil price movements. When the shares were frozen oil was only at $32 a barrel. If weve held this long its worth waiting for a relisting or full take over. Certainly on relisting this share is going to rocket as it is going to be chased and may even be worth buying more on the way up. I dont believe it will relist though. I think wait and hold out for at least £5 per share. Not too many shareholders are going to take up the £4 pershare unless they need the cash. Siber on their web site have stated that the guide price based on the previous buy up was £5. ONce they cross the threshhold where they have to make a full take over offer it will have to be in excess of £5 per share and probably somewhere in the region og £6-£7.

[1nf3rn0] 22/5/2009 11:44

Sorry, just got out of a meeting and only just read the news. Can people with nominee accounts offer their shares for sale too?

Is the best option to say no for now though?

If we sit on our shares and Gazprom later bid for the whole company (which is what seems likely will happen), we'd be offered at least the highest price they paid anyone who takes the offer or the £5 they've already paid. Only downside is not having access to the cash for a bit longer

[kibes] 22/5/2009 11:36

Gazprom want to buy my shares and they don't even offer a price? They can take a hike.

[quattro44] 22/5/2009 11:30

I have beeb told via my dealer by Renaissance that they are only paying up to £4.00 a share. I declined.
q44

[cmabey] 22/5/2009 11:18

relko: hopefully clarification of what member firms can/can't do for PIs.
Just spoke to Renaissance who have also had no further news from LSE, but they took my number in case things become clearer. Meanwhile, they are not allowed to deal with PIs.

[relko] 22/5/2009 11:08

"Renaissance Capital understands that the London Stock Exchange will shortly issue a statement regarding the ability of member firms of the London Stock Exchange to trade in shares of Sibir."

What does that mean guys ?

[dorset64] 22/5/2009 10:48

Well well, at first glance and as someone previously mentioned, I think if you don't sell your share to Gazprom now and wait for re-listing, the shares due to the numbers available should have a rocket under them. Me I'm holding out.

[willessa] 22/5/2009 10:33

Not sure what this announcement was meant to achieve apart from trying to get shareholders not to accept too low a price...



Sibir Energy plc ("Sibir" "The Company")


Market Update


The Board of Sibir has noted today's announcement by Renaissance Capital
(Cyprus) Limited on behalf of JSC Gazprom Neft ("Gazrpom Neft") inviting
shareholders to offer their Sibir shares for sale and the fact that no fixed
price is being offered in relation to prospective purchases of shares. The Board
wishes to draw shareholders attention to the fact that in a recent series of
transactions Gazprom Neft paid GBP5 per share for shares in the Company and in
the view of the Board shareholders should be guided by the price paid by
Gazpromneft in these recent transactions.


Further announcements will be made as appropriate.

[willessa] 22/5/2009 09:22

I thought you were supposed to offer your shares at the price you wanted - then they would decide whether to take it or not.

Actually I was going to ask for £4.50 but would have taken a firm £4.00.

Looks like I have no choice but to wait for relist.

[gatdecor] 22/5/2009 09:16

They are only offering £4.00 a share! seems like a cheeky offer to me.
there is only 17% free float on these shares and Gazprom are trying to buy these, after they have bought there be be only 3% left ,so I would say hold out, the price should rocket on relist.

[willessa] 22/5/2009 09:15

Pity - IG won't play

[bullsru5] 22/5/2009 07:46

once, Im out ie SOLD at my target price ur gonna pray hard u both - yeah you Simon & Alan :-

[geordie0] 22/5/2009 07:43

NAME YOUR PRICE FOR YOUR SHARES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[pablo1969] 19/5/2009 20:29

The sooner we relist the better,

[1nf3rn0] 19/5/2009 14:31

Quite likely

[gatdecor] 19/5/2009 13:44

Gazpromneft to cut dividend by 86% is this so it can buy SIBIR!

[yf23_1] 19/5/2009 02:41

So are we now...?

23.5% Bennfield - Igor Kesaev
23.5% Baisarov
17.0% Gazpromneft
18.0% CFC
7.0% Institutions
11.0% PIs

[yf23_1] 19/5/2009 02:32

How can Mr T be out, only half Bennfield's stake has been bought, or is the other half now soley owned by Igor Kesaev via Bennfield ?

[banj] 18/5/2009 23:03

Chigirinsky Out at Sibir



Shalva Chigirinsky is no longer a shareholder of Sibir Energy after businessman Ruslan Baisarov gained his stock, Kommersant reported.

Baisarov is willing to pay $250 million to Sberbank, which had taken Chigirinsky's shares as security for a loan, Baisarov said. He is in talks to sell the 23.5 percent stake. (Bloomberg)