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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dominion Pet | DPL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.25 | 7.25 |
| Top Posts |
|---|
Posted at 03/1/2012 07:56 by 85gary Interesting to see how DPL has benefited since the Ophir announcement. I was in negative territory for most of 2011, but am more than happy with the present position and prospects as silverfox hopes for. |
Posted at 06/12/2011 14:33 by kenone Still can't get my head around the math here! Correct me if I'm wrong, but the offer is for 0.0244 OPHR shares for each ONE DPL. Take current OPHR share price of 263p x .0244 = 6.41p DPL is currently around 6.06p bid, so should the DPL share price not move up to this figure ( or whatever OPHR equivalent is when deal completes ? |
Posted at 02/12/2011 11:40 by oiht It's due to OPHR shares rising because the offer is for a share swap (I forget the exact ratio 25 DPL to 1 OPHR I think?). At the time of the offer it valued DPL at 5.9 but OPHR share price has since risen, if it falls so to will the DPL share price For the record I sold DPL on the news but still follow them cos a mate has stayed on board which looks like the better discision so far. GLA |
Posted at 24/10/2011 15:02 by katie priceless DPL flying now |
Posted at 14/10/2011 12:43 by jsbach123 One has to disagree with Tempus. The placing did not fail 'for technical reasons' it was (narrowly) voted down by shreholders because Cochran wished to saddle DPL with MOG (for unhappy reading check the MOG share price over the last three months). If DPL could get US$ 20 million farm in for 20% then another BOD might have had the guts (and the best interests of PIs at heart) to have remained funded and independent and got better deal longer term. |
Posted at 13/10/2011 09:10 by bones30 Yes, remind me exactly what DPL has achieved this year?Because of all the fannying around sentiment has tanked this. So +40% is still hardly fair value for the licence at this point. I'm wondering if what happened with EO. may happen here, i.e. the DPL and OPHR share prices creep up slowly as the market realises this (i.e. the value of Block 7, and the fact DPL was too cheap in the first place). Shame it wasn't structured in the same way with shareholders being offered the possibility of cash. There is always the change of a counter-offer too. Given where DPL was before the MOG thing, you may think OPHR share price would factor in the value of the licence, particularly given they aren't struggling for funding, and the perception of quality of their management team. On balance I think I shall hold a little longer. |
Posted at 13/10/2011 08:55 by excellance i cant understand why the OPHR share price would fall in response to this deal, after all they are paying with shares and only a little cash, and the deal is a good one for both.for DPL holders the risk profile is significantly reduced, while OPHR holders get another potentially great license which fits nicely into the existing portfolio. has the OPHR share price been pumped up by the market in anticipation of this deal over recent days? has the DPL share price been shorted to make a deal look juicy? |
Posted at 03/10/2011 19:40 by lammergeier oilbuyThere are several recent presentations on the DPL website at Goldmans and UBS.The company are probably holding out for the best deal on the table,it takes time, plus one cannot rule out a hostle bid for the whole company especially with the share price near its all time low.East Africa is going to be a hot spot for oil &gas exploration in the near future and DPL are sitting pretty. |
Posted at 26/7/2011 13:17 by patboy Dominion Petroleum Ltd (DPL:LSE): Last: 4.08, down 0.37 (-8.31%), High: 4.75, Low: 3.92, Volume: 5.28mNH they had to abandon a big fund raising yesterday NH $40m NH although that had been scaled back from $55m NH and the reason NH well as far as I can make out NH Dominion is a play on East Africa NH quite a hot market NH and then the company turns round NH and says it want to invest off shore Malta NH with this company Mediterranean Oil & Gas PLC (MOG:LSE): Last: 11.23, down 0.52 (-4.43%), High: 11.00, Low: 11.00, Volume: 29.36k NH which is odd NH and odder still when you learn MOG's chairman NH is the CEO of Dominion BE Coincidence, surely. NH of course it is NH but anyway the failure to get the cash call away NH leaves the company is something of a bind NH it has some potentially interesting assets NH but doesn't have the firepower to finance NH back to the sector watcher NH DPL got itself in a bit of a mess yesterday as it failed to win shareholder approval for a recently announced equity raise. Having said on June 24 it was looking to raise $55m to repay a convertible, raise working capital for its East African assets, and take a 75% stake in a licence offshore Malta, it then said on June 27 that it had raised only $40m and at a price of a deeply discounted 3.5p/share. The shares had been trading at 5p immediately before the announcement and 6p two weeks before. It also said that it had recently rejected a nil-premium all-share merger approach. Yesterday morning the group announced that it had only reached 63% shareholder approval for the deal, some 3% short of the 66% required for all the resolutions to be passed. It confirmed at lunchtime that it had failed at a Special General Meeting to reach this level. NH It appears that a number of shares are held as CFDs, as well as there being a high number of retail investors, and this probably played a part in the stalled process. However at the same time management has to take some responsibility for the failure, especially as the placing has been coming for months, hence perhaps a bit more work could have been done prior to coming to market. Simply putting a bulge bracket bank like BAML on the ticket is clearly no guarantee of success. It's unclear where the group goes now, given that it still has $28m of convertible notes. DPL's assets offshore Tanzania and Kenya certainly look extremely interesting and potentially have enormous value, but monetising these is proving difficult. Difficult one to call probably a Hold for the time being. NH worth keeping track of NH I suppose this could be a merger target NH markets live ft to day |
Posted at 22/7/2011 00:49 by rockhopper989 The more licences they have the more chance they have can be true with the right team in place, farm in deals, financing and so on. DPL are far away from showing anything substantial in any of those areas (though some may argue the BOD are playing a good long-term game, something I don't necessarily disagree with). AIM oilies can have quite a challenging time progressing their assets to drilling, and by picking up more licences DPL may be spreading themselves too thin, yet I must admit I quite like the look of the Malta licence. For some reason I get a better feeling about it than the promised land of Bloc 7. As for the DPL FD saying people should sell their shares if they don't agree with what the company are doing, well, it's not really such a black and white decision in the wake of a huge share drop. Anyway, there is still a lot of potential in the company, and hopefully the BOD will eventually test that potential with the drill bit. There is just one more thing I wanted to add: People should always be cautious when coming across widespread optimism on message boards, something which was evident on the DPL iii board (and also something that can be very hard not to get caught up in). Such optimism may ultimately prove to be justified, and I believe much of it may be honest and well-intentioned, but until the drill bit provides the answer, there is no way to be sure, and in the meantime all sorts of things can happen to decimate the share price. |
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