Angus Energy Share Discussion Threads

[3put] 08/1/2022 17:42

Posted it again for you Dog x

[iceagefarmer] 08/1/2022 17:41

i think SHELL have made a good offer...we've scratched their back by doing the donkey work so their scratch ours by making a good offer £150m

[solo4yous] 08/1/2022 17:12

RNS next week of a formal offerWould make the losers here cry even more

[bionicdog] 08/1/2022 17:03

No you won't.
I wonder if you'll learn how to post a link.

[3put] 08/1/2022 17:03

I wonder if we will get a formal offer next week?

[3put] 08/1/2022 17:02

Strategic Review, Formal Sale Process and Commencement of Offer Period

The Board of Angus Energy plc (the "Board") whilst remaining fully committed to achieving first gas at Saltfleetby as soon as possible has simultaneously been addressing the urgent need for transition energy projects in particular in the geothermal sector in the south west of England. Even though progress in these twin goals is steady and sure, the Board share the outlook of some of our shareholders that our market capitalisation doesn't reflect the short-term value of existing hydrocarbon assets and their immediate cashflow potential and any long-term value in the Company's scaleable geothermal project.

This valuation mismatch, also experienced by many other smaller energy companies, has resulted in a series of approaches with interest in, and in one instance an indicative non-binding offer for, some or all of the Company's 51% interest in the Saltfleetby Gas Field asset which is under consideration. Additionally, the Board has received indications that certain parties may be interested in making an offer for the Company.

Whilst not wishing to be distracted from our immediate aims we must meet our responsibility to shareholders to evaluate any proposals. As such, the Board has been considering options for the Company with its advisers. In light of these developments, and to better position the Company for further growth, and to maximise value for existing shareholders, the Board has now determined to undertake a review of the strategic options. These options include, but are not limited to, a sale of the Company which will be conducted under the framework of a "formal sale process" in accordance with the Takeover Code.

The Board is unanimous in its support for such a strategic review and has appointed Beaumont Cornish ("BC") as its financial adviser. Parties with a potential interest in making a proposal should contact BC, whose details are set out below.

[solo4yous] 08/1/2022 16:54

Which idiotWill say sorry for scaring people into selling at 0.65pNice to see some Holdings RnsExpecting more to show their hands As for jtiI now believe he has a real issue with Angus Energy and his so called file may be of a more peculiar manner

[3put] 08/1/2022 16:52

Are you going to apologise to anyone that sold out at 0.65 because of your deramping ?

[3put] 08/1/2022 16:51

JT, if they listened to you they would have missed out on the near 50% rise over the last week?

[jtidsbadly] 08/1/2022 16:49

cuds: I’m not watching this to compile a file, I’m doing so because of a number of questionable aspects over the period while I’ve been watching it. I only started posting to ensure that potential new, inexperienced investors could see both sides of the investment case. The activities of people whom I believe to be shills then got me more interested, as I’ve said. Perhaps the lid will be lifted soon on what goes on in the AIM.

[solo4yous] 08/1/2022 16:42

Clearly you've got a legal issue or gripe with AngusAnd your admission of compiling a file tells me finally what your beef is here

[jtidsbadly] 08/1/2022 16:34

...the two things would not be mutually exclusive.

[jtidsbadly] 08/1/2022 16:34

cuds: everything comes at a price.

bionicdog: I think he’s Jamesll.

[solo4yous] 08/1/2022 16:30

What the decks your business compiling a fileA non shareholder who doesn't give a sheet

[bionicdog] 08/1/2022 16:29

Probably a mason.

[iceagefarmer] 08/1/2022 16:14

Mohammed Abdul Munim...??

[jtidsbadly] 08/1/2022 16:09

An offer for Poundland is just a red herring. It seems very unlikely that the Debenture holders would approve one without a quid pro quo or within the necessary time frame. Any quid pro quo would likely be unaffordable to a possible bidder.

Yes, the law of unintended consequences as far as the shills are concerned. I’m also compiling a file on what’s happening with Anguish. I think there’s been some questionable aspects to it.

[gaffer73] 08/1/2022 15:57

A year ago, goodness me. I think the offer has been for Saltfleetby so takeover code won't apply. The 'offer' for the whole company is an indication or hearsay.

[jtidsbadly] 08/1/2022 15:52

I got interested, gaffer and don’t like the way the shills on the other site behaved. I’d probably have stopped a year ago or more if that hadn’t happened.

Rule 2.4 of the Takeover Code includes the following:

“Any announcement by the target company which commences an offer period must identify any potential bidder with which the target is in talks or from which an approach has been received (and not unequivocally rejected).”

This implies that any bid they’ve received has been unequivocally rejected, what? They’re not talking to anyone and there’s no bid under consideration. Or they’re in breach of the Code.

[gaffer73] 08/1/2022 15:46

"cuds: I’m pretty calm: I haven’t got a bean in this horlicks and I can recommend this stance. I’m just contributing rational analysis and asking simple questions, to one or two of which the answers seem to be so hard that no one can answer them." Crickey, for someone who doesn't own any shares you are devoting an awful amount of your life to this.

[solo4yous] 08/1/2022 15:45

Lmfao MohammedAndrewDavid next?

[iceagefarmer] 08/1/2022 15:42

who is this mohammed geezer just bought in? how come they get to know about it before me

[bionicdog] 08/1/2022 15:36

No , because there are no offers. If people wanted to make an offer , they wouldn't wait until they were invited to.

[solo4yous] 08/1/2022 15:33

Will we get RNS before GM?

[jtidsbadly] 08/1/2022 15:27

Sticky: when has George ever made good on a forecast? One example will do.