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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Venture Prod. | VPC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 844.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 844.00 | 844.00 |
| Top Posts |
|---|
Posted at 03/9/2009 12:03 by mitzis Official notice of de-listing what happens to investors who still retain the shares ..? |
Posted at 18/8/2009 10:07 by davidhp scatty : Sure they do! I too would advise a client to buy 'gold ingots' for 20p each if they had the chance too! Unfortunately nobody is selling gold ingots (or gas fields!) at such a discount, even in this climate.However, the Centrica offer is NOT a good deal for VPC and even if CNA has a gas supply problem making a poor and badly thought out offer for VPC that would be rejected out of hand by most investors illustrates a genuine lack of intelligent management up at CNA. A better offer would have sailed through and it reflects badly on Centrica. The wasted time and effort could have been avoided. I won't be holding CNA anytime soon with that bad management in charge. Kinda explains the reasons WHY they need VPC so badly doesn't it? A poor management team at the head of a large concern like Centrica must worry their shareholders! |
Posted at 12/8/2009 13:24 by davidhp The amusing thing is, if Cen-tricker don't get the 75% they're after (which looks increasingly likely!) they'll simply be forced to buy the remainder in the market (earlier post re. European issue).Currently the market is shying away from this stock because, in this climate, investors fear uncertainty. When that uncertainty is lifted, one way or the other, the remaining 'un-delisted' VPC will rise and Centrica will get shafted in the small hole trying to pick up the remainder at a 'fairer' price (to us!)... like a one-legged drunken tramp chasing Rizlas in a windy park, Cen-tricker will have a lot of fun on it's hands! BTW is it well paid work, Phillis? DYOTaxReturn |
Posted at 20/7/2009 19:27 by ed 123 Hysteron.Yes, Centrica, for one, can recognise the value in Venture, as can the more enlightened holders of VPC. Although no longer holding here, I can see it would be 'wrong' for Venture to be sold so cheaply (845p). I fear, though, that Centrica will get its 50%. The absence of other (ie. additional to Kinch and Arclight) large shareholder support for management does not look good. To me, the problem is not one of investors failing to recognise the value, rather it is investors needing cash. Hoping VPC escapes. GLTA. |
Posted at 13/7/2009 09:01 by o1lman It now leaves the other major shareholders as key to the takeover, Barclays, Legal and General, Axa.The other interesting thing is if the bid goes thru, MW will not hang around for long, will he decide to spend his millions or will he want to do it all again with another company, worth following if he does IMO, plenty of dirt cheap oil companies if they can obtain finance. L Kinch will be looking for somewhere to invest his millions as well, to all younger investors, an example of what the stock market can achieve for u, if buy the right share and wait out the ups and downs. Two names worth following with their track records. |
Posted at 10/7/2009 19:29 by o1lman Traders Bible saysIt is not really necessary for investors to make up their minds by the first closing date, as, even if the offer reaches sufficient acceptances to become unconditional, it has to remain open for a further fourteen days, during which time the bidder will still accept the shares. Even if the the investor has already accepted an offer when a better deal comes along, it's possible to reverse the decision. |
Posted at 29/6/2009 10:24 by bomfin thanks CWA1,The Nuon deal is a very clever manouvre indeed. Centrica were probably going to try and do a cheapo raid waiting for the froth that came on the share price when they bought at 725p to evaporate but events have overtaken them and now time is running out. If they bid they are tied into the deal with Nuon. That almost certainly means the bid price will need to be higher. If they don't bid then they will have 33 million shares in a company which could be much higher priced in the future. They may consider that not bad. Either way VPC directors have done an excellent job in making sure that whether they are taken out or survive that the return for investors and themselves will be substantial. imho dyor If the bid is less than £13/share I expect that VPC will have another rabbit to pull out of their hat similar to the Nuon deal. All imho dyor |
Posted at 24/6/2009 21:58 by bomfin Yes exmoor.Also very near to Bains gas storage project where CNA and GDF are the main investors. If it goes ahead that is. |
Posted at 05/6/2009 08:21 by o1lman The two convertible bond holders, 3i and North Sea Investors, both announced an increase in their share holdings yesterday, (10.92%) pre cursor to some news maybe ?Have they converted their bonds into shares, I can't tell from the RNS can anyone else ? The exercise price is 915p, so IF they have the offer price must be more than 915p otherwise they wouldn't have bothered |
Posted at 14/4/2009 10:45 by gclark I am trying to understand the wait for this bid - if it comes, of course.Would there be a clause in the purchase that Centrica made from the previous investors at 725p that if they make a bid within so many months at a higher price then they would have to pay those investors the difference between 725p and the final offer price? So might they be waiting for the expiry of such a clause? AIMHO |
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