Wellstream Share Discussion Threads

[staddles] 22/3/2010 17:54

Board quiet = tommorrow we will sink back to sub £5

[fishbournetrader] 21/3/2010 10:00

On evening of 19 March Petrobras board of directors announced that they will increase capital expenditure for the next five years from the previously announced $174bn to between $200bn and $220bn.

The company plans to complete a rights issue by the end of July.

Will Wellstream get any part of this increase?

[goofball25] 19/3/2010 15:57

yep I dont think theres an offer. The same newspaper had a unfounded rumour about nighthawk the week before. But hey what do I know..

[phillis] 19/3/2010 11:48

a 10% rise with that newspaper coverage requires the Company to put out an RNS if there has been an approach

[staddles] 19/3/2010 10:54

You can asume nothing, looking at the cyclical nature of the charts there is no need for an RNS as it could be argued that the share price is moving within normal parameters.

[phillis] 19/3/2010 09:56

with an increase of more than 10% but no RNS we can assume there has been no recent approach

[jack parlabane] 18/3/2010 18:56

Its between Wellstream/Flexifrance (Technip) and NKT...so It was a 1 in 3 shot :-)

[peterbill] 18/3/2010 16:50

Off topic

Jack, you are correct NKT did supply the Flexis for Ettrick.

[loafofbread] 18/3/2010 15:08

Gulfsands just rns an approach after a 3% rise today.

Get a move on WSM!

[jack parlabane] 18/3/2010 12:53

Apologies PeterBill

It was ENI (Saipems owner) that were interested in Technip I believe.

I think NKT were involved in the Flex supply for Ettrick.

As far as I know, Saipem dont have a flex manufacturing capability.

[peterbill] 18/3/2010 12:16

Technip Market Cap: 6.3B (euros)
Saipem Market Cap: 12.07B (euros)
Wellstream Market Cap: 571m (pounds)

I would have thought that Technip would be a bit too big for Saipem to be interested in.

Saipem are much more likely to go for a company like WSM as that would give them a easy way into the flexible lay market (deep water). I was involved in Nexen's Ettrick development in the north sea, completed by Saipem. They did lay all the flexis but I'm not sure if they manufactured them.

As far as I know Saipem are more into traditional (higher cost) pipelay so Wellstream will give them more of the flexible market.

Hope a bidding duel develops for WSM.

[jack parlabane] 18/3/2010 10:56

Saipem have history of sniffing around certain companies (Technip was the last rumour) then pulling back.

[loafofbread] 18/3/2010 09:34

I'm a big fan of the DMail as the market report section always prints the worthwhile gossip. Trader talk or well connected, i don't know which.

That said, the last 3 big ones they have mentioned in the last week or so have been UKC,CNT and ARI.

All 3 made statements following the Mail piece/price movement.

Both UKC and ARI were in talks and CNT said no talks.

No talks come out quite quickly, the other one takes a bit more time.

Either way in for a punt with a stop loss set. 40% upside or a 5% loss!

[phillis] 18/3/2010 09:19

if you have no brain I suppose...

[hoolers] 18/3/2010 09:08

Professional ramp or not - Buying on the rumour has got to be a no brainer surely??

[wsm812] 18/3/2010 09:00

thanks sludgesurfer - £8!!

[phillis] 18/3/2010 08:42

on reflection this has the smell of a professional ramp - nonetheless WSM are certainly vulnerable at this stage

[cwavecrest] 18/3/2010 08:24

Thanks,
Closed short at £5.72p.Small loss butI have a holding in my ISA therefore good news if true.

[wsm812] 18/3/2010 08:23

do you have links Alchemy30?

[phillis] 18/3/2010 08:03

looking forward to an RNS this morning

[alchemy30] 18/3/2010 07:55

Not the best time to open a short, both the inde and mail reporting that they are in talks this am.