Bowleven Share Chat (BLVN)

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

Date	Subject	Author	Discuss
24/9/2017 23:59	Sorry, it should have said "preceeding".	nicobellic	Read Full Thread Reply
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	Read Full Thread Reply
22/9/2017 20:43	'preceding' ?	chinahere	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
21/9/2017 19:51	November I think	gark	Read Full Thread Reply
21/9/2017 18:09	Anyone know when the agm is?	ramayer	Read Full Thread Reply
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	Read Full Thread Reply
15/9/2017 18:20	More large blocks trading after hours. Another announcement next week and news on Bomono by 28th. Getting interesting!	gark	Read Full Thread Reply
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	Read Full Thread Reply
15/9/2017 07:36	cyan, "Bomono disposal"???	fatnacker	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
14/9/2017 17:15	Another big after hours trade. They will be at 30% in the next fortnight.	gark	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
13/9/2017 13:14	Lots of late reported trades. CO are mopping up by the looks of things.	gark	Read Full Thread Reply
13/9/2017 12:01	I would be very surprised if COC took BLVN private. As improbable as me winning the lottery , imo.	cyan	Read Full Thread Reply
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	Read Full Thread Reply

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