Investment Evolution Cre... Share Discussion Threads

[funkey n] 30/12/2008 08:47

all big holders and directors will say yes today ?

[debbiegee] 30/12/2008 08:38

Near 90% the news states

UBS holding 6% which somebody here had not yet been pledged.
They would not be holding them i they didnt intend to pledge them !

[stuart14] 30/12/2008 08:34

Who can sell them if they've accepted the offer though?

[debbiegee] 30/12/2008 08:34

So much volitility with so little volume ?
Of course we cannot see what is going on at IECA.

[madjock2] 30/12/2008 08:32

How do the MM's get their shares back?

By people selling them!!

[niceyman1] 30/12/2008 08:26

Expecting a few treeshakes and lots of volatility!

[madjock2] 30/12/2008 08:24

Benny

Sorry

thieving thieving thieving thieving thieving thieving thieving thieving thieving thieving thieving!!!!

[backtothesoil] 30/12/2008 08:20

who does not believe this deal will go through?

The market?

[debbiegee] 30/12/2008 08:10

Is there anybody here

short?
not voted?
who does not believe this deal will go through?

[shiny1000] 30/12/2008 08:08

Shareholders in Imperial Energy, the London-listed company which has most of its oil assets in Russia, are on course to back a £1.3bn bid from India's oil and gas corporation (ONGC) by the deadline of 1pm today.

Imperial has made great efforts to encourage its investors to vote in favour of the deal in good time, given the deadline fell in the quiet period between Christmas and new year.

The company was concerned that ONGC would withdraw its bid if 90% of Imperial's investors did not accept by the closing date, and then come back with a lower offer.

Since the Indian company unveiled the deal in August the oil price has slumped from highs of around $130 a barrel to $40, casting doubt on the economics of the takeover.

In a submission to the takeover panel when ONGC tried, unsuccessfully, to delay the posting of its offer document, Imperial suggested the Indian government, which owns a majority stake in ONGC, wanted to reduce the £1.3bn offer price.

In the market, Imperial's shares added 10p to £10.30 on growing optimism the bid was on track to succeed. Sources said that, despite the Christmas break, there had been a good number of acceptances already received.

Imperial has reserves of about 3.4m barrels of oil equivalent, and the takeover would increase ONGC's reserves by around 20%.

Most of the company's operations are in Siberia and in former Soviet states, and the ONGC bid needed the go-ahead from the Indian government and Russian regulators. Both have given their approval

[shiny1000] 30/12/2008 08:07

DEADLINE LOOMS FOR IMPERIAL DEAL
The share price of the energy company Imperial
finished Monday one percent higher at ten pounds and thirty
pence, after reaching an earlier peak of 11 pounds due to news
that the takeover offer from ONGC Videsh had nearly reached the
required level of shareholder approval.
Imperial is closing in on the acceptance threshold of 90
percent for the twelve pounds and fifty pence a share bid, which
will have to be reached by 1pm on Tuesday.

[togglebrush] 30/12/2008 07:58

Market Daily Trading Volumes since Tuesday 9th December, when the offer was made, have been:-
Wed 3,364,844
Thu 1,663,419
Fri 1,047,171

Mon 1,429,242
Tue 1,032,549
Wed __877,507
Thu 1,224,517
Fri 1,642,448

Mon 1,192,281
Tue 1,567,757
Wed __217,419 Half day trading ... Christmas Eve

Mon __959,530
Tue___________Today Half day trading
before Deadline @ 1.00 pm for 90% acceptances


The range of the Daily Trading Volumes since the rights issue on 6th May 2008
Max____7,577,016 ... 15th July
Q3_____1,896,634
Median_1,123,312
Q1_______750,397
Min______284,661 ... 12th June

A quarter of the sample of each day's trading lie between the numbers. The daily trading volumes, since the offer, have been close to the median. This suggests to me that the holders have made up their minds (IMHO to accept the offer).

Looks like a done deal to me.

Health, Wealth and Happiness in the New Year everyone.

[debbiegee] 30/12/2008 07:05

See the Guardian today is carrying the same story as the Telegraph yesterday.
Nothing definate just close to deal and investors are optimistic that the deal will go through.

[benny62] 30/12/2008 03:14

Mad .remember I before E except after C......reminds me of MM's

[benny62] 30/12/2008 03:05

Mad...you are so logical when you have had a few beers.....who could have thought that about the MM's........what is going to raise your Adrenalin after the next 36 hours .....Have enjoyed your posts a lot...B

[imperial3] 29/12/2008 22:45

Looks like Wednesday then,for us to know,whether the 90% threshold has been attained.

[debbiegee] 29/12/2008 20:45

True ,I guess Im just a bit paranoid !!!

[madjock2] 29/12/2008 20:11

I don't think so Debbiegee

The total shares traded were less than 1M so even if they were all buys or all sells less than 1% of the total issued share capital. This accurately reflects the unavailability of shares to trade. If someone was setting up a sting the volumes would be much higher.

[debbiegee] 29/12/2008 19:20

I hope we didnt have a canny gang of daytraders here today setting our hopes up then selling .Not enough in it for stock holders but cfds per point ?

[napracc] 29/12/2008 18:51

As I said earlier some of the larger shareholders will not commit until last thing tomorrow using real time Crest. It's the way these things happen I'm afraid. Unfortunately means that we wont know if they have reached the 90% until the following day so nailbiting stuff.

[scoble2] 29/12/2008 18:05

Is it possible i can put a limit order (sell) incase the deal is off on IECA
Please input your thoughts.

[arcadian] 29/12/2008 17:40

I`m surprised that they haven`t made an announcement by now.

[stuart14] 29/12/2008 17:08

Sadly, I don't think there is Imperial. Also not sure it is up to ML, as far as I know the declaration lies with ONGC

[imperial3] 29/12/2008 17:08

Is there any up to date record of those who have tendered positively so far?