Investment Evolution Cre... Share Discussion Threads

[stuart14] 18/12/2008 09:44

What % do the idex trackers hold? 10 maybe? We must be up to 40+% now?

[30003000] 18/12/2008 09:37

If that Bar Stuart shirt lap lifter Lord Mandy can look at giving Jag & LandRover (India owned ) the odd £bill, then I suggest IEC done deal is included!!

[benny62] 18/12/2008 09:26

I agree Yuka but the waay IEC are playing this including checks on shareholder assents this IS NOT going to fail

[davius] 18/12/2008 09:24

The major shareholders with 3% or more.

Shareholder ---------------------------- Percentage Date

Baillie Gifford & Company Limited ------ 9.227070 22/10/2008
Citigroup Global Markets UK Equity Ltd - 7.922805 19/11/2008
Schroder Investment Management Ltd ----- 7.878981 09/12/2008
Credit Suisse Sec(Europe)Ltd ----------- 6.542387 09/12/2008
P M Levine ----------------------------- 6.221524 20/11/2008
UBS Investment Bank -------------------- 5.516968 09/12/2008
BlackRock Inv Mgmt --------------------- 4.837246 11/04/2008
Legal & General Group PLC -------------- 4.419998 05/12/2008
Sloane Robinson LLP -------------------- 4.041026 27/11/2008
SR Global Fund LP ---------------------- 3.566220 14/11/2008
London & Amsterdam Trust Company PLC --- 3.461219 30/05/2008

Total 63.635444%

I suspect all of those would be very grateful for another 28% on their current sale value.

[yuka] 18/12/2008 09:06

We have been through this before Katsy. Still got your head in the sand. If they don't get 90% it won't be because of price it will be because of administrative problems given short-time frame. In any case they don't need 90%. Something tells me they wouldn't mind 75% at say £10. Finally it is not you or me or a few punters on here that decide things. If you have tens of hundreds of millions tied up then within reason you take what you can get.

[katsy] 18/12/2008 09:01

Yuka if we can't get 90% for £12.50 then I doubt we'll get 90% for anything substancially lower, I for one won't accept.

[yuka] 18/12/2008 08:59

Doubt they would walk away but they will renegotiate. Nuts not too and nobody who matters will think badly of them.

[debbiegee] 18/12/2008 08:57

Could we keep a list of the tendered stock in the header ?

[katsy] 18/12/2008 08:50

Monkey51 is operative word in your post is could. There's still no certainty that they will walk away even if 90% isn't reached.

[madjock2] 18/12/2008 08:47

Sounds like some new credit crunch spawned rule to stop peeps using "artificial" money!

[jac1104] 18/12/2008 08:18

We know that Schroders Investment Management with 8% stake has tendered their stock, also L&G with 4.4 %, also
Peter Levine and directors with 6.4%, Ballie Gifford Investment Management 9.2%
and JP Morgan Asset Management with 2.64%. Also, Standard Life rumoured to have tendered their stake.
They are other instituitional holders who have tendered their stock but not allowed to reveal publicly by their own individual fund rules.

[monkey51] 18/12/2008 08:08

Reassuring news in the FT this morning... L&G have tendered in their stock. Others now must be lining up too...

FT
Imperial Energy dipped 2.9 per cent to 961p in spite of news that Legal & General had tendered its 4.4 per cent stake for ONGC's £12.50-ashare cash offer. A total of 90 per cent of Imperial's shareholders need to have tendered their stock by December 30 or else ONGC could abandon its offer.

[cesar1] 17/12/2008 22:18

Exact 50% rectractment from last weeks high. Traders back in for a reverse in trend?

[pingu08] 17/12/2008 20:54

MJ, as a life long qpr supporter I'm used to having my hopes built up only to see them crash and burn. I'm expecting 99.9% acceptances only for ongc to go bust the day before all is signed off....

Blue for a month, then I must decide if I want to pay to be blue...guess that depends on the 90% being crossed!

[debbiegee] 17/12/2008 20:36

I hope everyone knows about the trading facility.[see yesterdays rns]

YES WE CAN PLEDGE OUR SHARES AND STILL TRADE

It would be a terrible thing if people had shares due for payment before the 12.50 is paid out and have no intention of covering but are thinking they will take what they can get.

If shares arnt pledged nobody will get anything !

[madjock2] 17/12/2008 20:18

Pingu 08

I saw the offer but steadfastly refuse to be turned blue. Despite the giveaway in my avatar it's not the source of my birth that stops me paying a mere £5.75pcm to become premium.

As a lifelong and diehard glasgow Celtic supporter i am not paying anyone to be turned blue and indeed they could not pay me enough to accept such a shameful offer.

[madjock2] 17/12/2008 20:14

Ignoring the fact the poo might recover what exactly is the Indian governments problem. They are paying £1.4bn or so and at this time they think they are overpaying. By how much? £.5bn ,£.7bn ?

How much did pa broon lose on the gold deposits , how much did new labour waste on the millenium dome , how much was squandered on the failed IT system for the NHS , how much was given away in the tax credit's fiasco?

it's a pity new labour didn't govern India we would be looking at £30 or so no problem.

Typical corner shop mentality.

[peter anthony] 17/12/2008 19:24

This might make useful reading for our friends in ONGC. Also have seen other scribes looking at taking long positions in oil stocks. Chartists indicating we could be back at $70 - $80 in a few months time.

OPEC's Cutback Changes the Oil Play

By Jim Cramer
RealMoney Columnist
12/17/2008 12:08 PM EST
Click here for more stories by Jim Cramer Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW


OPEC is making things happen with that big cut. We will not see oil below $40, and it is amazing to me that so many people come on now and talk about $30 and $20 a barrel. What's that all about?




This whole thing, with the exception of right at the end when there was a vicious short squeeze from about $120 to $147, was about world growth and OPEC supply. The rest of the world's supply is shrinking.

Now that demand has dropped off a cliff, they have to rein in supply, and boy did they ever do that. And they were brilliant about it: not taking enough supply off to stimulate alternatives -- solar will remain a government-subsidized event -- but making it enough that we will stay hooked. Brilliant.

What to do? It makes sense to believe that there is a play again in Transocean (RIG - commentary - Cramer's Take) and that there might be a play in National Oilwell Varco (NOV - commentary - Cramer's Take), and it certainly means that we will see an end to the radical decline in drilling, so maybe Schlumberger (SLB - commentary - Cramer's Take).

But remember, the quickest way to profit is to buy the producers, and I like ConocoPhillips (COP - commentary - Cramer's Take) and BP (BP - commentary - Cramer's Take), which are so, so cheap and haven't kept pace with Exxon Mobil (XOM - commentary - Cramer's Take), which will ultimately happen.

Just simple and not contrived. The others require too much to go right to be able to play as an investor, and they are all about trading.

As always.