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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Barryroe Offshore Energy Plc | LSE:BEY | London | Ordinary Share | IE00B66B5T26 | ORD EUR0.001 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.575 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
07/10/2023 19:14 | I would have thought Goodman would have put a more attractive package together to ensure that his offer was accepted. Nobody likes giving anything away for free. What he is proposing is garbage. | theshenagainagain | |
07/10/2023 18:22 | LG is 86 years old. I would safely say he cares as much about writing off tax losses as he does about the Kardashian's. He probably won't even be here in 10 years time. The 5 percent is worth more to existing shareholders in 10 years time than what we have at present which is zilch. | paulsavannah | |
07/10/2023 16:46 | Sure the Beefman is trying to pull a fast one here , he is not interested in doing the best for the Company and its shareholders , taxes loses are worth more then he is prepared to pay , but the real culprits and dodgy individuals are the BOD ,shakers of the worst kind , always invest in the people they say , especially those with a good track record ! | jotoha2 | |
07/10/2023 14:34 | PS, my thoughts also, I find it quite extraordinary the number of good Samaritans that frequent these bulletin boards, on the premise that anyone needs their advice,Whilst I would concede the 5 percent of future profits or sale proceeds is a distant possibility, whilst someone of LG's financial capability is keeping the Barryroe story alive, I am going to take that distant possibility, rather than just accepting sweet FA out of some ridiculous form of martyrdom, that some appear to be suggesting,..GL S | swizz | |
07/10/2023 13:14 | This is over. The 5% is meaningless. | northatlanticholdings | |
07/10/2023 12:30 | LG could get the necessary approval without having to depend on the other shareholders to vote anything through. I may be naive but I'm taking this at face value as I have nothing left to lose anyway. I can't see why he would offer this when he doesn't have to offer a thing as things stand today to existing shareholders. | paulsavannah | |
07/10/2023 11:27 | swizz - "I would also add, I think the actual term “other” is being used in the context of “other” than Vevan" What normally happens in these cases is that the investor who injects new cash takes 95% of the company leaving existing shareholders with only 5%. What can also happens in that the PLC is placed into administration or liquidation but in all three cases the shares of the existing holders still exist. What's happening here is not only is the listing being cancelled but the ordinary shares are being cancelled, that's the difference. So once the proposals are given the all clear by the High Court there are no ordinary shareholders to hand 5% of any future Barryroe profits to. So a date of 21/07/2023 on the share register is meaningless as there are no shares. LG is pulling a fast one here but needs your vote for the proposals to go through. So he tries to trick you into thinking a pot of 5% of Barryroe profits may await you. Reject the proposals you have nothing more to lose. He either comes up with a proposal that legally keeps you in the game or force the company into liquidation placing him back to square one. | pwhite73 | |
07/10/2023 10:52 | Ordinary existing holders are getting this payment. This gesture will not cost Goodman much in context of what he stands to make with Barryroe. One would have to think that this was his plan B when he started buying in here. Either get permission to drill or pursue "The Rockhopper" model..... | hermana3 | |
07/10/2023 09:51 | Yes, that’s the correct term, as in “other shareholders”, and excuse my glass is half full approach, although it is part of a broader series of reference points, sub headed by the title of “existing shareholders” so the prudent approach would be to wait until the documents are received in full, ..GL S I would also add, I think the actual term “other” is being used in the context of “other” than Vevan and it does indeed apply to ordinary and existing shareholders on the share register, as of July 21st. As below,.. Existing Shareholders and Cancellation from AIM and Euronext Growth Markets When the Court confirms the Proposals (with or without modification), the Scheme shall be binding on the shareholders and creditors of the Company. Where the Court confirms the Proposals, the interest of the shareholders in the total issued share capital of the Company will be eliminated. The shareholders shall receive no distribution on account of their shares under the Scheme or under these Proposals. On the Effective Date, the existing shares and all and any rights attaching or relating thereto will be cancelled. Any rights and / or entitlements of the shareholders as members of the Company pursuant to the articles of association of the Company or any other document, or otherwise, shall cease as of the Effective Date. Upon cancellation of all the existing issued share capital the Company will immediately seek cancellation of its listings on AIM and Euronext Growth. The Proposals provide that the Investor will allocate to the other shareholders (as at 21st July), other than Vevan Unlimited Company, 5% of any after-tax net profits realised by the Company from the Barryroe field, either through its sale or operation at any time in the 10 year period after the Effective Date. Those other shareholders shall not be required to commit additional funds to participate. Documentation giving effect to this element of the Proposals will be prepared and distributed by the Investor to those other shareholders within 30 working days of the Effective Date. | swizz | |
07/10/2023 08:55 | swizz - "An interesting twist in the Barryroe update that LG/Vevan are making a compensatory gesture to existing shareholders of a 5% profit share of future production" The update did not say that. The update only refers to other shareholders. A company can have an infinite number of classes of shareholders so you have to know who the other shareholders are. My understanding of the update is that ordinary shareholders will receive nothing from the scheme of arrangement and not only that their shares will be cancelled not just on the London Stock Exchange but cancelled outright from the company's register. Therefore how can ordinary shareholders be entitle to 5% of anything at a later when their shares no longer exist. | pwhite73 | |
07/10/2023 03:17 | I'd love to know what you all are smoking here. Larry makes a killing just by soaking up the tax write-offs. And all he is offering is 5% of the sale of something he doesn't even own, nor has any particular incentive to pursue. Once he takes the company private you will not see him again for dust, nor will you ever see a red cent. | ps200306 | |
07/10/2023 01:46 | Agreed, the other interesting part, is the 100 per cent and 70 per cent payments to secured and unsecured creditors, along with the 1 per cent decommissioning costs payment, as this includes the Irish government and the DECC, is that an olive branch to get them to sit up and take notice? I would suggest it is,..GL S | swizz | |
06/10/2023 21:21 | I'd be happy enough with that compared to getting nothing if it went into liquidation. Anything is better than nothing and gives us all a reason to support the company to a successful future. | paulsavannah | |
06/10/2023 21:01 | Decent gesture | ianio5691 | |
06/10/2023 19:18 | Larry has a wee bit of decency left. Will he and some of us live long enough to see wee Eamon and his do gooders cough up dough to compensate for their illegal banning of oil and gas production. | hermana3 | |
06/10/2023 19:11 | Paul ...... | stockriser | |
06/10/2023 18:54 | Where did you read this Swiss? Thanks in advance | paulsavannah | |
06/10/2023 18:49 | Still will be a case of turkeys voting for ( an early) Christmas. We should wait for Lansdown's legal bid to play out or the results of the General Election | mcbull | |
06/10/2023 18:06 | An interesting twist in the Barryroe update that LG/Vevan are making a compensatory gesture to existing shareholders of a 5% profit share of future production or asset sale proceeds for up to a 10 years period from July 27th 2023, I would suggest some significant litigation and representation to the Irish government is not very far away and I am sure the Lansdowne team will be lining up their communication plan with LG in the very near future,…GL S | swizz | |
06/10/2023 11:10 | Beef man has the cash to develop Barryroe if let. If not he will go for the jugular in the Courts. Pity we will be bystanders in this Mexican standoff... | hermana3 | |
05/10/2023 11:15 | England is so lucky not to have a Minister cut in the venal cloth of Eamon Ryan. He alone has blocked progress here for over 3 years and bankrupted the company in the process. Board had no choice but to hand this to Goodman as who else has the patience and resources to go to Court against the dead hand of the State. It is a decent bet for him but he will have to wait a good while. Bet O'Reilly thinks he could have dealt with Barryroe better but it is hard to see anyone getting an inch from the pig ignorant Ryan and his lapdogs at DECC. Rockhopper skinned the Falklands government and in time Goodman will skin the Irish government but we will get SFA for our loyalty over the years. La vie n'est pas toujours en rose mes amis..... | hermana3 | |
04/10/2023 17:57 | Does this type of thing never happen with BODs that are English or is it just unique to Irish BODs? | paulsavannah |
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