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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Venture Prod. | LSE:VPC | London | Ordinary Share | GB0031423188 | ORD 0.4P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 844.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 844.00 | GBX |
Venture Production (VPC) Share Charts1 Year Venture Production Chart |
|
1 Month Venture Production Chart |
Intraday Venture Production Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 28/11/2009 | 16:20 | VENTURE PRODUCTION - North Sea Oil | 7,065 |
| 06/3/2007 | 13:11 | VENTURE PRODUCTION | 27 |
| 22/1/2007 | 04:15 | VPC - UNDERVALUED OIL STOCK | 5,462 |
| 03/10/2006 | 09:49 | Venture Production - 2006 | 1 |
| 06/7/2005 | 01:12 | VENTURE PRODUCTION | 112 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 22/8/2009 18:37 by salpara111 Not clear why everybody is still talking this one out, the city has spoken and for some time. Look at how the VPC share price has performed over the last month....in exactly the same way as if there was an agreed takeover. The hedgies apparently hold over 10% of VPC and there is absolutely no chance that they are going to hold onto the stock in the hope that they might get more 6 months down the line. Hats off to CNA for playing a canny game. |
Posted at 17/8/2009 21:31 by scatty I believe most institutions consider CNA's move on VPC very sensible. Once CNA broke-cover in March with the Schroders and Aberdeen stakes (i.e. to 22%), most commentators assumed CNA would wish to take the remainder, and expected an offer to be pitched at 950p or higher. There have been developments since, with equity markets and oil markets up significantly. Gas futures remain strong (although summer spot prices remain weak). VPC reserves have increased and the Nuon agreement underpins valuation measures. If VPC falls to CNA, that should be positive to CNA. If VPC holds out, I think CNA will be back soon - either way should be good for VPC and CNA shareholders. |
Posted at 15/8/2009 18:36 by bountyhunter the CNA chart does not look great to me - a dubious investment with their desperate need to increase their domestic gas production (may be a better investment if they ultimately get VPC of course), and there's a much greater chance of a 10% gain in the VPC share price than a near 25% gain in the CNA price, imho |
Posted at 13/8/2009 21:00 by hysteron For what it's worth the VPC share price hopefully will shake off the shackles of the CNA bid. However that could be up or down :o) |
Posted at 07/8/2009 18:14 by ygor705 Salpara111I agree with your thought process ie CNA will probably get more than 50% but less than 75%. In these circumstances Phillis is correct, CNA will almost certainly make the offer unconditional and extend the offer to shake out as many VPC holders as possible to try and get to 75%. By then it will be too late for VPC to attract a White Knight. If this happens I will accept the CNA offer for the 50% of my holding that I retain. If CNA don't get to 50.0001% then the bid will have failed as CNA have said that they won't increase it unless a competitive offer comes in. The old rule was that an offeror could not make another offer for a year but that may have changed. Anyway, my belief is that the VPC share price will fall in these circumstances and I will be looking to buy back the 50% of my holding that I have sold at around 835p. Thats's my logic...........doub |
Posted at 05/8/2009 08:58 by shanklin HysteronVPC have gone from having (what they thought was) a supportive shareholder with circa 30% of the company to having a hostile shareholder that currently holds 35% of the company, albeit 5% of this is in the form of a convertible bond. They have managed to achieve this at an average purchase price which is circa 30% below VPC's stated NAV. This is now the best case for VPC (i.e an extremely hostile holder of over a third of the company), with the possibility that CNA will end up with over 50% of the shares. So in the real world, yes I'd have to say that IMHO CNA have thoroughly outplayed VPC. Cheers, Martin P.S. Its all very well VPC saying that CNA got their holding at distressed prices, but these were prices that nobody in the market including VPC were prepared and/or able to match/beat |
Posted at 01/8/2009 09:20 by o1lman Comparison of fundamentals with oil shares similar capital value.Current PE compared to rolling PE2 (Looking the furthest out based on predicted earnings per share) VPC 15.4 > 15.03 DNX 10.7 > 25.13 PMO 10.5 > 19.37 SIA 49.9 > 31.78. So looking at the figures the holders of DNX and PMO have more to be concerned about fundamentally than we do. Also be aware if the bid fails, I have no idea if it will or not, there will be a lot of stock looking for a new home so the price will be very weak. On the other hand when Character Group in 2003 confirmed market speculation that it had received an approach. The talks were called off some six weeks later during which time the share price had risen significantly, the share price never fell back because analysts upgrades which had been put on hold, were then updated and released to the market. It's called trading, u need two views to make a market and normally one side is wrong (Phillis) !! |
Posted at 29/7/2009 14:31 by phillis ?Work load, valuation What IS your point? From an accounting point of view the VPC share price is an irrelevance CNA will go uncondtional at 50%+ so they are happy (perhaps not happiest) to live with a minority. ... and any way any subsequent price level below 845p makes the eventual and inevitable hoovering up process CHEAPER! Enough, enough!! |
Posted at 29/7/2009 13:20 by o1lman Phillis, of all the possible outcomes to this, CNA ending up with above 50 but below 75 per cent is the one outcome they would not want, they couldn't let the VPC price slide as that would then affect their share price, management time etc., etc. |
Posted at 25/7/2009 20:32 by hysteron Another point, all this talk of 50%, 75% or 90%. Here is how I see it.CNA get less than 50% Result: The CEO and Managing Director of CNA resign. The share price rises as the belief is VPC is better value to shareholders on it's own. CNA get more than 50% but less than 75% Result: They control the company but have a very belligerent minority on their hands. The share price rises as the belief is CNA will return with a new offer for those that refused to budge first time around else start buying in the market at prices in excess of the offer until they reach 75%. CNA get in excess of 75% but less than 90% Result: They control the company but have a very belligerent minority on their hands. They request the stock be de-listed but extend acceptance of the offer for another two weeks forcing most small holders to sell at the offer price. CNA get in excess of 90% Result: Impossible |
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