Angus Energy Share Discussion Threads

[bionicdog] 09/11/2023 09:21

So that's how it works.

[iceagefarmer] 08/11/2023 23:16

bound to happen..written in the stars

[bionicdog] 08/11/2023 23:05

You desperate cretin.

[iceagefarmer] 08/11/2023 21:51

10p a share

[iceagefarmer] 08/11/2023 21:50

shell takeover of saltfleetby coming

[1347] 08/11/2023 21:32

JT As I said (and have been saying for a while), more twists and turns yet to come on Snake Pass, but yes non-insiders are being systematically shafted here. If you take a step back you can see that many companies on AIM are operating effectively as little more than scams, akin to ponzi schemes really. It's not a fair market, in fact it's systemically corrupt, as is the UK generally under Sunak et al. As soon as you realise that, which I did a while ago, you act accordingly.

[jtidsbadly] 08/11/2023 20:58

1347: if Kemexon either acquire more shares to take them over 30%, or get to that point through a concert party arrangement with Aleph, they’ll have to bid for the rest, if I remember the regulations right. There are rules on the price though. I think there will be more shenanigans before they do either of the above, to enable them to acquire Anguish as cheaply as possible. Maybe Anguish will announce that a Global Re-financing has proved impossible to negotiate and that they can’t meet the repayment instalments on the senior loan. That would do it. Mercuria would be paid off and retain their hedges and royalty (which would apply early). Aleph would get the assets. The FCA would sit back comfortably with a complaisant smile. Everyone would be happy. That’s what I call the shareholders being wiped out! But remember, you haven’t lost any money until you sell.. What?

[1347] 08/11/2023 20:46

JA If I have my figures correct Kemexon have 150,000,000 Warrants at 0.66 p, Aleph have 300,000,000 Warrants at 0.66 p.

If both convert their Warrants they could get over 30% and launch a bid, if Paddy (who has form on this) advised it was in shareholders best interests (ha, ha) then if FESL and Knowe vote for it it will almost certainly get over 50%. Remember Aleph 'farmed' some holdings out to individuals below the 3% threshold so there are probably other associated entities who's holdings we don't see who would vote with Aleph.

Alternatively they just wait until the Bridge Loan Too Far matures and convert that at the even more rock bottom price around 0.40 p and then it will be even easier and becomes fait acompli, assuming they haven't flipped a load of shares before then.

Either way non-insiders will be wiped out. More twists and turns to come on Snake Pass yet.

[ja51oiler] 08/11/2023 19:42

Shareholders may use the figure of 4,142,893,340

Kemexon Ltd hold 23.26%

So my maths isn't brilliant, but I don't think they would need the Aleph shares to be over 30% if they convert those 300 million?!

[ja51oiler] 08/11/2023 19:37

Shares not in Public Hands

The total percentage of shares not in public hands is 10.69% defined as being beneficial holdings of shares held by shareholders holding above 10% and the directors holdings.

Shareholdings in Angus Energy of greater than 3% are as follows:
Name Percentage of Enlarged Share Capital
Kemexon Ltd 23.26%
Forum Energy Services Limited 9.07%
Knowe Properties 5.84%
Aleph Fin C Limited 3.73%

The above information was accurate as at 8 November 2023 and is based on TR1 notifications received by the Company.

[1347] 08/11/2023 18:59

JT If Aleph exercised those warrants at the rock bottom sale price of just 0.66 p and admitted they were a concert party with Kemexon it would be a de-facto takeover by the back door. Non related parties would be wiped out. Personally I've thought for some time that it was likely to end this way, ever since Aleph appeared on the scene. The key word here is contrived remember.

[jtidsbadly] 08/11/2023 18:38

At least they’re now up to date with the AEWB3 confirmation statement. The new company secretaries poked into action, presumably, by the requirement to file details of the Kemexon holding following the recent bridging loan conversion.

[iceagefarmer] 08/11/2023 18:08

delist? and why would they do that

[cgod] 08/11/2023 17:43

Holdings RNS bid or delist could be.....

[iceagefarmer] 08/11/2023 17:40

tr1...boom!

[bionicdog] 06/11/2023 15:39

Making money? Very funny.

[sincero1] 06/11/2023 15:01

moronicdog is annoyed again isn't he ... an irrelevant nobody who just hates people making money when he failed ... ouch ... and pays subs for the humiliation ... bigger ouch...

[sincero1] 06/11/2023 14:56

SSSSSSSSSSSSLLLLLLLLLLAAAAAAAAAAAAAAAAAAAAAPPPPPPPPPPPPPPPPPP

[ja51oiler] 06/11/2023 13:56

Seen What? Have they released the new shares?... Only 4.2 Billion now!!!

[iceagefarmer] 06/11/2023 13:27

no many have seen this...city boys at lunch...shame

[iceagefarmer] 06/11/2023 13:27

huge news!

[fat frank] 06/11/2023 13:13

Although overdue a very welcome RNS

[ja51oiler] 05/11/2023 17:45

JTNothing a troll hates more than being ignored.

[jtidsbadly] 05/11/2023 15:58

There you go, shareprof, JA51 is in on it too. Less malarkey, more smarty. Innit?