Anzon Energy Share Discussion Threads

[p@] 26/10/2007 11:39

I couldn't access the old thread so I started this.

[bomfin] 26/10/2007 09:00

Nexus moving up in Oz. Still possible they'll make a counter bid. imho dyor

[markfrankie] 25/10/2007 12:39

nexus or someone could make a counter offer but i think we have locked ourselves in with a few £ to payout if we go elsewhere?

[goodgrief] 25/10/2007 11:53

I suspect (aka hoping) that the price will gently drift up to 139p -- various institions/funds exploit this kind of mispricing, gaining a modest return with minimal risk as the bid/merger comes to fruition.

And you never know the merger news might flush out a rival offer.

But yes, it is tempting to take one's money off the table...

[markfrankie] 25/10/2007 11:23

good luck GD

[smudgeroo] 25/10/2007 11:21

Well done GD, I'm not far off banking some profits either to be honest.

Good fortune.

[greatfull dead] 25/10/2007 11:19

I am out, need the funds elsewhere. LoL to all you should get to 150p-160p very soon.

[surfer2] 25/10/2007 11:13

what will this be trading as now ? arc ?

[markfrankie] 25/10/2007 10:44

wassapper are you still here?
thanks for bringing ael to my attention, also;seems what you said whilst we were wollowing was right "a little patience is required with this one"
wassapper, be lucky .
markfrankie

[greatfull dead] 25/10/2007 09:57

She has got the legs to go go go.

[bomfin] 24/10/2007 12:32

held by AZA.

Far better to have 4 or 5 very prospective assets than 1 imho dyor

[p@] 24/10/2007 12:29

As AEL's only material asset is its investment
in AZA, the merger ratio for the AEL Scheme will be set with reference to the
AZA Merger Ratio, adjusted for AEL's net cash position.

What about its 12% share in Nexus!

Or is that held by AZA?

[smudgeroo] 24/10/2007 11:49

Just thinking about today's announcement again, the proposed merger will value AEL at £178m on a fully diluted basis.

However what would it mean if a counter bid is brought to the table.

AEL currently has 96m shares in issue giving it a current market cap of circa £118m.

It would appear there is potentially more upside to come depending on how the situation unfold.

[washing machine] 24/10/2007 11:47

any views on what the eventual price will be,could be a bidding war here?

[smudgeroo] 24/10/2007 11:34

Thanks Stephen, very interesting indeed. Looks like things are about to get a lot more interesting.

[stephenwilson] 24/10/2007 11:28

Interesting: Response from Nexus.

[karlos885] 24/10/2007 10:58

this is looking very good now thanks for everybodies good research. Patience has been rewarded and will get rewarded further imho

[bomfin] 24/10/2007 10:54

Another positive it that we get an interest in many different projects.

Australian energy providers is a good place to be invested. Australia is the next USA. imho dyor

[smudgeroo] 24/10/2007 09:52

It's all looking rather positive wouldn't you say bomfin. Can't believe the share price is still lagging the stated current worth.

Lets also not forget that the Basker field should be back up to full production within the next two weeks as previously stated by the company.

[bomfin] 24/10/2007 09:45

Counter bid is a definite possibility.

Watch out for Stokes Bay well result. If they've found anything substantial merged company could immediately look undervalued. imho dyor

[smudgeroo] 24/10/2007 09:13

From a charting perspective we're now free of any resistance right up to...you've guessed it £1.40. What a coincidence LOL! I always said we would move back to £1.40 on confirmation of any outcome.

Could a counter bid now emerge?

[smudgeroo] 24/10/2007 08:45

Well there we have it black and white. We always knew this share was undervalued but now it is confirmed by the company.

Happy days

In respect of the AEL Scheme, AEL and ARC have entered into a Merger
Implementation Deed (AEL MID) to effect the acquisition of AEL by ARC. Under
the terms of the AEL MID, shareholders in AEL will receive ARC shares in
exchange for their AEL shares. As AEL's only material asset is its investment
in AZA, the merger ratio for the AEL Scheme will be set with reference to the
AZA Merger Ratio, adjusted for AEL's net cash position. This implies an AEL Merger Ratio of 2.00 ARC shares for every AEL share which, based on ARC's closing price of A$1.595 on 19 October 2007 and an AUD:GBP exchange rate of
0.4358, values AEL on a fully diluted basis at approximately #178 million or
#1.39 per share.

[bomfin] 24/10/2007 08:39

Now moving.

Info on Stokes Bay well will be interesting. Should get that within a couple of days.

[bomfin] 24/10/2007 08:37

Looks like Stokes bay is a discovery. Now down under appraisal inventory. ARC with $A120 cash. AZA debt free. Big drilling programme going forward with production and development assets to justify share price.

AEL's near 30% of merged company looks like a very good investment and I suspect the share price will increase after a couple of months bedding in process. imho dyor