Angus Energy Share Discussion Threads

[solo4yous] 06/1/2022 10:58

HeadinmybumThat's a very serious accusationYou may get a visit from FCA

[3put] 06/1/2022 10:58

Formal Sale Process

Any interested party will be required to enter into a non-disclosure agreement with the Company on terms satisfactory to the Board. The Company then intends to provide such interested parties with certain information on the business, following which interested parties will be invited to submit their proposals to BC.

Further announcements regarding timings and procedures for the formal sale process will be made as appropriate.

The Company is not currently in any discussions with any potential offeror relating to an acquisition of the issued and to be issued share capital of the Company.

The Board reserves the right to alter any aspect of the process or to terminate it at any time and will make further announcements as appropriate.

The Board also reserves the right to reject any approach or terminate discussions with any interested party or participant at any time.

The Takeover Panel has granted a dispensation from the requirements of Rules 2.4(a), 2.4(b) and 2.6(a) of the Takeover Code such that any interested party participating in the formal sale process will not be required to be publicly identified as a result of this announcement (subject to Note 3 to Rule 2.2 of the Takeover Code) and will not be subject to the 28 day deadline referred to in Rule 2.6(a), for so long as it is participating in the formal sale process. Interested parties should note Rule 21.2 of the Takeover Code, which will prohibit any form of inducement fee or other offer-related arrangement, and that the Company, although it may do so in the future, has not at this stage requested any dispensation from this prohibition under Note 2 of Rule 21.2. Following this announcement, the Company is now considered to be in an "offer period" as defined in the Takeover Code, and the dealing disclosure requirements summarised below will apply.

This announcement is not an announcement of a firm intention by any party to make an offer under Rule 2.7 of the Takeover Code and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.

[headinthesand] 06/1/2022 10:56

JTids, I don't subscribe to the view that ANGS has any serious suitors at all (nor has ANGS said it's got any).

IMV, there's one and one reason alone for this entirely non-committal RNS (NB with its snuck-in two further tidbits of bad news re timings and costs - see? George is being transparent after all... not).

The timing of this morning's announcement says it all, to me. It's George's exact equivalent of Sando's July 1st "Look! We've started drilling at Basur-3!"

I'm absolutely waiting until late January to see what happens - and am expecting a hefty placing, the enablement of which is IMO what this morning's RNS is solely about.

[smcl] 06/1/2022 10:56

3Put - well they shouldn't listen to such posters - with their obvious agenda(s)!!

[3put] 06/1/2022 10:55

Not you JT, you are the G Lord

[3put] 06/1/2022 10:54

Lord Lucan might speak to another Lord to get the deal over the line. Imagine he is quite well connected.

[3put] 06/1/2022 10:53

This is what happens when you deramp a share the way these boys have been doing it. They are on it day and night so anyone with paperhands is probably gone leaving a coiled spring. I would not be surprised to see this up at 1.2 today

[jtidsbadly] 06/1/2022 10:52

chickbait: what happened there? For a moment I thought I’d seen a post from a valued contributor who’s been absent from here for too long..

[solo4yous] 06/1/2022 10:47

2.5pAnd we know this is still cheapHTTPS://twitter.com/zopelyforver/status/1479041544690843648

[jtidsbadly] 06/1/2022 10:44

HITS: if you believed, as the Interim MD appears to, that “our market capitalisation doesn’t reflect the short-term value of existing hydrocarbon assets and their immediate cashflow potential“, would you choose this time to put those assets up for sale, or would you first try to close the gap between their real value and the value the market was putting on them? I know what I’d do.

The fact that they say they’ve decided to try to sell their assets at this juncture means, very clearly, that they can’t afford to complete Poundland on time, so will be bust this summer or, more likely, before then. They are therefore trying to get the share price higher for a placing, since the demand their agents have discovered for new shares at the existing price will be insufficient for Anguish to complete the Poundland project. As things stand, I doubt Anguish even meets the definition of a going concern. I’ll be happy to discuss these matters with you, Jonny.

[chickbait] 06/1/2022 10:43

JTidsbadly6 Jan '22 - 10:19 - 15021 of 15033
0 2 0
It’s not an “offer RNS!”

3put: why would you care whether I’m pleased? I would be, if small investors were using the opportunity to flee the scene. Sadly, the share price rise suggests the opposite is happening.

[solo4yous] 06/1/2022 10:41

Brockham became favourable

[3put] 06/1/2022 10:39

hxxps://youtu.be/4cia_v4vxfE

[3put] 06/1/2022 10:38

As George said, massively undervalued. Late Christmas present for the shorters.

[smithie6] 06/1/2022 10:37

these guys did a cash raising to fund the cos. work over 6-12 months

& 4 weeks later they put the co. up for sale !

unusual, no ?

[3put] 06/1/2022 10:33

Hits as you said its all about the gas, nothing else matters.

[3put] 06/1/2022 10:33

JT, you happy the share price is up. Somebody just paid 1.05. That you ?

[solo4yous] 06/1/2022 10:29

Case in pointPatience neededThis is the FIRST OFFER RNS EVER ON ANGUS ENERGYLet that sink inFirst and almost first for takeover potentialLet that sink in

[jtidsbadly] 06/1/2022 10:25

Jonny: be careful to leave the thin latex packaging in place while enjoying your next Ham sandwich. You know what happened last time.

[jtidsbadly] 06/1/2022 10:23

..and what does “the Board has received indications of...” mean? Does it mean they’ve read Lady of AIM’s tweet?