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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Anzon Energy | LSE:AEL | London | Ordinary Share | AU0000XINAI2 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 62.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 62.00 | GBX |
Anzon Energy (AEL) Share Charts1 Year Anzon Energy Chart |
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1 Month Anzon Energy Chart |
Intraday Anzon Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/9/2008 | 08:38 | Anzon Energy: Looking neglected | 1,837 |
| 30/10/2007 | 11:29 | New Anzon thread,old thread no access | 2 |
| 08/5/2007 | 08:38 | AEL Charts | 1 |
| 18/9/2006 | 14:56 | ANZON ENERGY (AEL): DISCUSSION AND CHART THREAD (moderated) | 45 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 01/9/2008 10:50 by fireplace22 On re-reading the RNS's I see wahat you mean. But if ROC take AEL (who's only asset is a 53% share in AZA) wont ROC be in the driving seat anyway, why should they offer more for AZA? Also would ROC's shareholders accept that as the share price has already been decimated partly as result of this TO. |
Posted at 14/8/2008 10:41 by ed 123 I've looked at the offer update.1.33 ROC shares for each AEL. That values AEL at about 74p but it's at 83p in the market. Why the valuation gap? Market asleep/Ed 123 asleep/market thinks deal will fail/market thinks higher offer will come along ????? Wouldn't AZA/AEL be better off as independents? I've held AEL in the past, out atm. |
Posted at 16/6/2008 22:30 by ed 123 Third time lucky for AEL holders? AEL's management seem keen to sell out to someone.ROC closed at a mid of 92p, valuing the all paper bid for AEL at about 122p. The break fee is approximately £1.3 million against a bid value of around £140 million. There is easy room for another party to come along with a better offer for AEL. Someone with some cash to offer would be favourite. Also, ROC itself looks a bit vulnerable now. Interesting times here, and it seems highly likely that AEL will be swallowed up eventually. My view, fwiw, ROC needs its shareprice at 100p or more to discourage a counter bid and it may need some good operational news to achieve that. |
Posted at 07/5/2008 08:01 by goodgrief Anzon's dry run TWO years after it set off on the acquisition trail, Anzon Australia is back where it started, following yesterday's agreement to call off the proposed merger with Nexus Energy. The merger was derailed after Anzon's Basker 6 well, expected to be a production well, turned out to be dry, only days before Anzon holders were due to vote on the merger proposal. Nexus considered the failure of Basker 6 meant that reserves of Anzon's operating Basker Manty oilfield, off the Victorian coast, would be lower, possibly in the order of 30 to 40 per cent. It called in a consultant who agreed with its opinion. Nexus still sees sense in merging with Anzon as the Basker-Manty oilfield adjoins its Longtom project, offering scope for $100 million of synergy benefits. But the reduction in reserves meant that it wasn't prepared to pay the same. It's believed that Nexus wanted to lower the offer price by 40 per cent to around $1.10 to $1.15 a share. Anzon wouldn't agree and so the two companies have called off the deal at no cost to either party. Nexus won't declare the Basker 6 result to be a material adverse change and seek a $4 million break fee, while Anzon won't seek to compel Nexus to proceed with the original contractually agreed offer terms. Anzon concedes that the Basker-Manty reserves will be lower, but not as much as Nexus contends -- pointing to an 8000bpd flow from the Basker 6A sidetrack well. Moreover, oil prices have risen by around 25 per cent since the merger with Nexus was announced. So there should be little, or no, decrease in the offer price. Anzon for some time has been seeking to expand from a one-project operation. Two years ago it bid for Nexus because, apart from the adjoining Longtom project, Nexus offered additional prospects -- in particular its Crux and Echuca Shoals fields in the Browse Basin. The bid failed but Anzon ended up with 12.4 per cent of Nexus. The Nexus bid confirmed another problem for Anzon. The company is 53 per cent by its British parent Anzon Energy (AEL), which hampered the Australian company's ability to fund expansion. Anzon wanted to increase the offer price for Nexus, but AEL wouldn't fund it, and was reluctant for its holding to fall below 50 per cent. So, late last year, Anzon put itself up for sale, which resulted in a bid from ARC Energy, both for Anzon and AEL. A miffed Nexus, cut out from the process on the grounds that its indicative price was too low, responded by buying a 19.2 per cent stake in Anzon for $100 million. The ARC Energy merger fell through and was replaced by an agreement to merge with Nexus in a scrip and cash deal which valued Anzon shares around $1.75. Now that too has gone, leaving Anzon to ponder where to next. The company's shareholding structure, with AEL owning 53 per cent and Nexus 19.2 per cent, makes a corporate move unlikely, so if Anzon wants to expand from a one-project company it might have to look to buy assets. Its share of Basker-Manty is generating free cash flow for Anzon of $300,000 a day. |
Posted at 24/10/2007 08:45 by smudgeroo 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. |
Posted at 23/10/2007 10:39 by bomfin Did some research on Arc. Arc just about to test a well. Potential discovery onshore Canning basin. they have big area there and if this is a discovery could be mega. Also have big interest in bass straight fairly near to Anzon interests and Perth basin interest. Latest presentation states the oil discovery earlier this year could be as big as Roc's Cliff Head field. Also reckon the gas discovery made earlier this year could be commercial. If they merge takes the discount of having all eggs in one basket out of AEL share price. IMHO DYOR |
Posted at 19/9/2007 13:47 by smudgeroo Yep, looking good again.Some posters on the Ozzie forums are speculating that any serious bid might come in at A$2.20 and should a bidding war start the share price could be pushed towards A$2.50! All speculation of course but if a bid did materialise at such prices it would do wonders for the share price of AEL. Lets see, At a AZA share price of A$2.20 AEL's 53.1% holding would be valued at £184m or £1.92 per share. At a AZA share price of A$2.50 AEL's 53.1% holding would be valued at £209m or £2.18 per share. Still some way to go I think. |
Posted at 13/9/2007 11:28 by smudgeroo Karlos,You raise a good point. I would have thought that any announcement confirming the recommencement of production would give the share price of AZA a bit of a boost. Lets say that AZA's share price remained static at approximately A$1.60 for the immediate future. If the company then announced that production had recommenced then I suspect we will see a wave of new buyers coming into the stock adding fuel to an already we lit fire. Say this news added another 10% to the AZA share price we would then be looking at a price per share of circa A$1.76. If an offer for AZA were to then emerge, lets say at a 20% premium, we could be looking at a AZA share price of approximately A$2.11. What does this equate to for AEL? Well at todays exchange rate AZA at A$2.11 per share would be worth £324m. AEL's 53.1% share in AZA would therefore be worth £172m! or to put it another way £1.79 per share! Using the above scenario as an example, it's clear to see that there is still plenty of scope for further gains to be had. Best of luck, I think you will do rather well out of your initial investment. |
Posted at 11/9/2007 07:59 by bomfin Aza down 4 cents in Australia.Would make sense if Aza and Ael share prices evened out a bit. imho |
Posted at 06/9/2007 09:13 by bomfin I'm not able to deal in Australia and don't know a broker. I know Clydesdale bank is Australian owned.Re AZA. What would be a reasonable premium to give a take out price and where would that put AEL. If AZA went for $A 2/share that would give a return of about £160 million to AEL and should be able to put AEL share price towards £1.50 each. imho dyor |
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