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Tge Marine Share Discussion Threads
Showing 226 to 247 of 250 messages
|Got my cash today|
|Andrbea if poss could you confirm if you get the cash through from this, Halifax didnt specify a date on the corp action and just wondered how fast it would move. You mentioned circa 10th Nov,
|Followed suit no point digging the heels in esp when the board cant see anything better coming, thanks for confirming dates|
|I accepted the offer
broker says cash should come ca 10 Nov
|I guess tender or have a holding thats worthless. Nice!|
looks like we have to take the first offer
|No RNS yet!|
|The contract has an option for repeat business till March so I hope this does as you say change the company, not sure of profit margins on that line of business and havent done EPS calcs etc. Yeah RNS tomorrow now looks the likeliest outcome|
|This is significant and a material change to the outlook for the business.
It must change valuation of the company and makes tender offer look derisory!
Will they do the decent thing and increase the offer and extend the timetable.
Look forward to RNS tomorrow|
|Yeah hoping that this contract award changes things a little - it all helps esp getting more work in the Far East; at least well have a few days. Quite pleased they came back so soon to be honest|
|well done pelleeds for giving them a prod
they're cutting it a bit fine...|
|Uncanny just got this:
The Board of the Company intend to issue an RNS Announcement on this by the end of this week. The Announcement will then be available on the Company's website www.tge-marine.com under 'Investors' à 'AIM Rule 26 Information'.
Company Secretary/Legal Counsel|
|Re: the contract 7m Euro revenue is a decent slab|
Contract for new 12,000 cbm LPG-carrier
TGE Marine AG is pleased to announce that yesterday it entered into an agreement with a Shipyard belonging to the Sinopacific shipbuilding Group China ("Sinopacific") for the engineering, procurement and construction supervision for a 12,000 cbm LPG-carrier.
TGE's work on the contract is targeted to commence at the end of November 2009 and covers the complete gas handling system including the cargo tank material package. Delivery is expected to be effected by the end of 2011.
The revenue generated under the contract for TGE is in excess of Eur7.0m. The shipowners have agreed an option with Sinopacific for the production of a second ship and accordingly, Sinopacific and TGE have agreed an option for the engineering, procurement and construction supervision of that second ship, which is valid until the middle of March 2010.
Manfred Kuever, CEO of TGE commented:
"We are pleased to sign a further contract with our business partner Sinopacific after a long trough and in times when it is very difficult to secure financing of new shipbuilds. This financing for the acquisition has been provided by a facility granted from a large Chinese financial institution."
I did email them last night about the tender Ill let you know if (big if) I get a reply, just asked if they will RNS re: the offer|
|with only 9 working days until de-listing we need to take action -we are being hi-jacked - first step is clarification from management and advisors Singer Capital Markets- surely there is a regulatory obligation.|
|get the impression that the Board didn't put up any resistance to the offer
maybe they can't be bothered to tell us there's no other choice
|how can they recommend it as a fair offer|
|andrbea exactly same boat whats your inclination if we dont hear by the 29th?|
|my broker has sent a form to me today to tender my shares, by Oct 29, as the de-list is coming on Nov 3.
tender offer: 3750p a share
So why don't tge confirm that they recommend shareholders take up the offer?
It's getting kinda urgent...|
|last word from management was take no action-
meant for shareholders not management!|
|come on management say something|
|Interesting the price is up today|