Investment Evolution Cre... Share Discussion Threads

[davius] 08/1/2009 11:15

Jeez, 250p higher than they were shortly before the deal was completed and now people are moaning about not being able to grab a few more pence? Live with it. The costs and margin of selling and then buying back to fulfil your legal obligation of selling at 1250p will obliterate the difference anyway.

Some people are frankly, never satisfied.

[jelenko] 08/1/2009 10:30

Katsy, you can't sell those that you have already agreed to sell IMHO.

[katsy] 08/1/2009 10:20

Hmm I wish I had missed the deadline, although it's easy to say these things now, when we were all frantically worries about the 90% target. In any case I'm sure I would've taken 12.51 and never believed I'll be seeing 12.64p now. I just wish my broker would allow me to trade IECA shares as a 14p premium is not to be sniffed at. Still it's now worth making a phone call to see where I stand.

[nfranks] 08/1/2009 10:17

1264p - squeeeeeeeeeeeeezzzzzee

[nfranks] 08/1/2009 09:42

Madjock2 - yep, the closing date for accepting and the date imposed on me by halifax (my nominee) were different. I went to accept the deal (on-line) but found I couldn't even though the official deadline hadn't passed.

[madjock2] 08/1/2009 09:35

nfranks

By mistake? Are you serious?

[nfranks] 08/1/2009 09:31

Katsy - I seem to remember something about being liable for costs if you sell assented shares, I assume that probably means the difference between what you will actually get when the sale goes through and what you would get now (plus other charges I'm sure).

If 97% accepted the deal then that only leaves 3% available to sell, if more the 3% of the shares were/are shortered then the shorters do have a problem (all be it short term)

Of course when the sellers do sell, these shares need to be available to sell, if they have been loaned to a shorter than the shorter will be forced to give them back at whatever the current price is. (wouldn't want to be a shorter at the mo)


As you can see I've no idea either but you could ask your broker. If it were easy then everyone would be selling, I missed the deadline for voting (by mistake) so was able to sell them at 1253p (wish I'd waited now)

[nfranks] 08/1/2009 09:23

So what the hell is going on here then????

Am I correct in assuming this is just shorters being forced to close rather than cover margin calls on their positions? Obviously they should be able to close for 1250p in a few weeks time.

[katsy] 08/1/2009 09:09

What happens if I sell my assented shares, will I be fined?

[imperial3] 06/1/2009 23:35

In view of the pressure on gas supply,from Gazprom,to other countries,why not have a look at European Gas,EPG,an Australian company,which is active in Europe?

[jelenko] 06/1/2009 19:36

looks like an old pals act to me.

[leedskier] 06/1/2009 17:24

I rather hoped to see IEC do a VW as the available shares to cover shorts all but dried up, but it seems the market is being kind to those who sought to bet against the deal.

[spob] 06/1/2009 16:25

Shorters closing

Ha Ha Ha

[stuart14] 06/1/2009 15:32

I love that RNS. They excerise the options at 2.5p, and sell them immediately for 1250p. Now that is very very nice!!!!

[togglebrush] 06/1/2009 14:33

Barclays get the money first ... later it is credited to your account

The funds are expected to be received within 14 business days of the offer being declared unconditional in all respects.

We will endeavour to release the offer proceeds to your account within 5 business days of receiving them. (possible 20th/21st Jan in my case)

[steelwatch] 06/1/2009 14:31

That's over £9.75 million profit to PL.

[steelwatch] 06/1/2009 14:28

The Company announces that on 31 December 2008 the following Executive Directors and Persons Discharging Managerial Responsibility, exercised options over 1,729,121 ordinary shares in the Company at an exercise price of 2.5p per ordinary share, which shares were then acquired by Jarpeno Limited for 1,250p per ordinary share in accordance with the terms of its recommended cash offer for Imperial which was declared wholly unconditional on 31 December 2008.


Executive Directors:

No. of Options Exercised/Sold to Jarpeno Limited

Peter Levine 782,410

John Hamilton 86,065

Chris Hopkinson 391,204

Denis Kurochkin 97,800

Ekaterina Kirsanova 260,802

[alexx] 06/1/2009 14:14

I don't understand this, 1255/6?

Why would a shorter close at 1256 when he can wait a week and close for 1250, it seems ridiculous

I've never seen this before, as Katsy

[katsy] 06/1/2009 13:45

0% none, zilch, nada

the deal is now signed and delivered and voted for by 97% of shareholders.

But this share is unbelievable, just like I've never seen such discount on the offer price like we had here. I've also never seen the share price above that of an agreed offer price.

It would be interesting to know how many more shorts are left to cover.

[niceyman1] 06/1/2009 13:09

WHAT CHANCE OF A LAST MINUTE COUNTERBID BY SINOPEC?

[nfranks] 06/1/2009 12:24

Managed to get 1253.5p for mine. Seems a bargain really as I get the money now rather than later.

Just hope it's desparate shorters closing rather than a potential higher bid in the offing.

[mpclag] 06/1/2009 08:07

Bid now 1256!