||EPS - Basic
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Real-Time news about Wham (London Stock Exchange): 0 recent articles
|rjmahan: Cheers Praipus - on TCF share price didnt move a jot which was a
|praipus: IKA Ruffer holding announcing validation of it's technology ......having an interesting impact on the share price:-)
|exbroker: Hi Praipus re your post 1663
I don't think Nick would have hedged it, the share price is now a large lump of cash which will be paid to holders at some stage and a rump of investments that you cant hedge. He has taken a punt on the value of the rump and maybe the exact value and timing of the cash payment.|
I cant borrow the SLE so I cant set the trade.
I am in the SBT deal, I was a buyer at 53.5 of the SBT, the terms of the deal gave a no loose call and put option on the GVC share price for as long as the deal is open. I reckoned it was worth about 1p extra per SBT share.
When GVC re lists which should be 18th Jan then I can price the deal against the in the an ADVFN competitorount. That's why SBT have traded better in the last 2 days.
Other than that there are not many firm deals in the UK to look at and those that are live have a poor rate of return for me as I trade without a CFD account and therefore pay stamp and comm.|
|praipus: DCI also held by Damille II (DIL2) interims NAV 1.40 = £1.11 share price 20p!
|sharpshare: CED2 winds up end May 2013.
With corn and wheat surging the estimated redemption amount is around 152p.
Redemption amount currently crystallizing in final 12 months to maturity.
Share price today 116p.
Floor price 100p (assuming no default)
Risks include commodity price changes and potential counterparty default risk.
That 31% potential gain over the next 10 months does look tempting.|
|edwardt: i agree to an extent with your strategy but if they take a 28% stake, one suspects they are more likely to sell on to a trade buyer at say 3% discount but the share price in fact falls once they are out. In truth, i am simply suprised by the tightness of the discount and the size of their stake.|
|praipus: Laxey have a holding in RES, just added to post 1, they've had a return of capital but seem to be trading at the old share price which has I think (please check) been consolidated from 3 shares to 2 and has a NAV of £6 yet it's trading at £3.49....interesting.
|praipus: QVT out of CAD (see the share price move up!) for other holdings see post 2
|cerrito: From Today's London Times
I had thought about selling my WHAM but decided to go into Venture given the bid/offer spread on Wham's shares and this gave me some comfort that I have made the right decision
I have yet to get my head around the deferred consideration notes and if I should take this option
It has been one of the few disappointments among the Tempus Ten tips for 2007, but after a 25 per cent share price fall in the first three months of the year, Venture Production, the North Sea oil and gas explorer, has begun to claw its way back.
The announcement yesterday that it had raised £585 million of new debt, £350 million of it with Barclays Bank, should add to the momentum. At the start of the year, Venture was a seen as a potential takeover target, but now it is more of a predator. The new debt facility coupled with a recent £200 million cash injection from the private equity groups 3i and ArcLight means that Venture has about £1 billion at its disposal for acquisitions.
This could prove crucial in the coming weeks as bankers assert that the eagerly awaited round of consolidation in the North Sea is about to begin. At least 20 deals are on the table, including assets held by Shell, Amerada Hess and Newfield. Experts believe that Tullow Oil may consider offers for some of its North Sea infrastructure, given its success in Africa.
Venture bought Wham Energy, the British minnow, for £14 million last week and that was likely to be only a taster for other deals to come. Crucially, despite disappointing results from a number of appraisal wells this year, Venture also believes that it can double in size by 2009 through organic growth alone.
The shares closed up 2 per cent, or 15p at 727.5p, yesterday, still far below the 898p opening price in January but 15 per cent above the low point in March. With net asset value judged at about 814p a share, there is more upside. Buy.
Wham Energy share price data is direct from the London Stock Exchange