Share Name Share Symbol Market Type Share ISIN Share Description
Bowleven Plc LSE:BLVN London Ordinary Share GB00B04PYL99 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 29.00p 28.75p 29.25p - - - 0 06:30:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -97.3 -29.3 - 94.38

Bowleven Share Discussion Threads

Showing 89726 to 89750 of 89750 messages
Chat Pages: 3590  3589  3588  3587  3586  3585  3584  3583  3582  3581  3580  3579  Older
DateSubjectAuthorDiscuss
24/9/2017
23:59
Sorry, it should have said "preceeding".
nicobellic
23/9/2017
10:44
So longer they wait, the lower the highest price paid, the less we get, the more they make on a sale. Great!
symbo
22/9/2017
20:43
'preceding' ?
chinahere
22/9/2017
20:41
LR2. I don't think you're correct. Rule 11 on page 158 is applicable here. It's the highest price paid in the proceeding 12 months. 37.75p is the figure.
nicobellic
21/9/2017
23:46
It's not 12 months, rule 6.1 of the City Code says the bid price must equal to the highest price paid in the 3 months prior to the bid announcement. See page 102 of the attached PDF for precise details. Http://www.thetakeoverpanel.org.uk/wp-content/uploads/2008/11/code.pdf?v=20Jul2017
lr2
21/9/2017
22:58
If they do make a bid is there rule to follow for the lowest bid? Or can the price be equal to the lowest price paid by them for shares in the last 12months?
ramayer
21/9/2017
22:26
If coc get to over 30% they have to make a bid to acquire all other shares in the Company.
nicobellic
21/9/2017
20:41
Either way it's good news. Key date is 28th Sept and what they do with Bomono. If they get rid of that, bid will follow shortly after.
gark
21/9/2017
20:18
Cheers not kept up-to-date here but a quick look and doesn't seem much is going on apart from crown ocean buying more shares. If they get to 30% do they have to make an offer for the whole company? And if they do how many votes do they need to pass it? Is the alternative they are just buying as many as possible under 30% to maximise their profit when selling blvn?
ramayer
21/9/2017
19:51
November I think
gark
21/9/2017
18:09
Anyone know when the agm is?
ramayer
16/9/2017
08:43
And overhanging everything is the internal Lukoil debate on their strategic continuation of involvement in W Africa - see the Tass piece in the cyan post at 16698. Which, in the light of the NED arrival of our super-duper whizz kid American corporate M&A lawyer, takes me back again to my post at 16700. Long odds, left field unlikely maybe, but not impossible, I would continue to suggest. Pity Ladbrokes haven't opened a book.
warbaby43
15/9/2017
18:20
More large blocks trading after hours. Another announcement next week and news on Bomono by 28th. Getting interesting!
gark
15/9/2017
10:02
Good morning fatnacker. The aim of COC, imo, is to realize the principal asset ETINDE at a huge profit. They have been 'cleaning up' BLVN and the head count has been cut. G & A has been slashed. This new slimmed down business ought to be attractive to other parties , and, as has been said there are tax losses which have a 'value' in any takeover. I view BOMONO as a great disappointment and very much a side issue of limited interest to anyone principally interested in ETINDE. Just my opinion that COC might be looking to dispose of BOMONO to VOG. The early on-boarding of a M & A expert could be viewed as supporting that intent or , just possibly, an earlier than expected deal involving ETINDE.
cyan
15/9/2017
07:36
cyan, "Bomono disposal"???
fatnacker
14/9/2017
23:29
The $40 MILLION DOLLAR question; Extract from 2016 annual report; " Bowleven has access to a further $40 million net drilling and testing carry for two appraisal wells on Etinde (or cash alternative in 2020) and a further $25 million in cash proceeds at FID."
cyan
14/9/2017
21:25
Hi Cyan I hope you are right. Perhaps the partners outlook has changed which is quite likely. Certainly when the old management were involved it was indicated to me that the group were looking at off take without the further 2 drills, but relations shall we say seemed strained. We will see in due course but all our hopes are aligned in trying to maximise value - the balancing act is the timing and how we get there.
yasrub
14/9/2017
20:52
Good evening YASRUB. I would be very surprised if the drills do not go ahead as the possible upside is so large; up to 2TCF. From memory that $40 million is only paid if the drills do not take place within a specified timescale ; was it 2020?. I will have to check later. Would have to be made an outstanding offer to sell early. We will get a vote in all likely hood. I think the M & A director will be working on BOMONO disposal initially and that will probably happen before the drills.
cyan
14/9/2017
17:27
Cyan I am not sure there will be further drills within the agreed period and therefore $40m will also be payable - unless some sort of deal is struck with Lukoil. Crown Ocean hold the cards if an offer comes in that they consider fair value in all likelihood they can easily get it through - if they see better value sitting tight then they will do that. Having said all that - bringing an M&A expert on board and their current holding increasing it does look like something will happen in the short term. They seem to be hoovering up stock as you could easily sell what you wanted today in the 28.75/29 spread.
yasrub
14/9/2017
17:15
Another big after hours trade. They will be at 30% in the next fortnight.
gark
14/9/2017
10:23
My guestimate is that BLVN have at least 17p per share in CASH now. On 24th March they released a RNS stating that by H2 2017 G & A would be down to $0.35 million per month. 20% of ETINDE plus possible drill result adding 1 to 2TCF AND $25 million payment on FID equates to an awful lot more than the 13p the market seems to add. I reckon that $25 million is worth about 5.5p alone.
cyan
14/9/2017
03:44
Makes you wonder who is selling at this point. When owners of a company, who already own a large chunk, are buying it is virtually certain (not guaranteed) that they know it is a good idea. Probably not in the short term.Being finance people, they will have a lot of other opportunities in front of them, but they are choosing blvn. It may take a year, but it is hard to see how there will not be a positive return from this point.
fft
13/9/2017
13:14
Lots of late reported trades. CO are mopping up by the looks of things.
gark
13/9/2017
12:01
I would be very surprised if COC took BLVN private. As improbable as me winning the lottery , imo.
cyan
13/9/2017
10:48
I think they have a stalking horse but from what I have read I believe they are looking to maximise value so I think the price will be higher.
gark
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