Egdon Resources Share Discussion Threads

[lazygun] 17/5/2023 10:20

i thought any offer had to at least match the highest price in previous 12months?

l

[currypasty] 17/5/2023 09:49

"First thoughts indicate that an agreed bid from Petrichor Partners was ever thus and 4.5p is about as good as it gets in this stage of the cycle. A market valuation on exit of £26.64 is fair without being overly generous but George Yates has had better chances over the years and the massive success of Wressle has put the price up.

But Wressle, as well as other Egdon assets will slot into the PP portfolio and with its 43.79% holding in Egdon according to the annual report it is effectively game over at this stage.

It is undoubtedly excellent news for both Union Jack and Europa and I will hope to have thoughts from them later. For Harbour it is just a handy piece of housekeeping which Premier had hoped might have happened a long time ago. "

[jasper2712] 17/5/2023 08:36

Doesn't surprise me with this bunch of incompetents. There is one thing for sure -they will be given a golden handshake to get shot of them. That is why they era behind it.

[bean02] 17/5/2023 08:00

I'd vote for 7p

[gerhart] 17/5/2023 07:55

...and of course a fundamental thing that is always worth remembering, is this - no one ever offers to take over a company for charitable reasons. It's because they see an opportunity to increase value and make a healthy profit.

[p@] 17/5/2023 07:52

HEYCO Group believes the timing is right to acquire Egdon and take it private, as HEYCO Group believes that the public market continues to undervalue its assets, including the impressive Wressle development. Bringing Egdon into the HEYCO Group will create efficiencies, economies of scale, and, most importantly,

[gerhart] 17/5/2023 07:45

After investing so much time and money on Wressle alone, that it is now set to become a little cash cow, the BoD recommend a cheap offer for the company.

That's aside from the other irons currently in the fire....

On yer bike! We need a better offer, and clearly a better BoD. The current share price is so low partly due to the BoD.


(Fracking definitely off the table for now. But no one can say what might happen in even just a few years. We've seen how the world has been changed by Covid and Ukraine. Imagine US and China going head to head over Taiwan. But even technology can change)

[bean02] 17/5/2023 07:34

It's very cheap imo!

[kwizza] 17/5/2023 07:25

They have all been run down on the market price wise

[c2b] 17/5/2023 07:24

In which case what are Europa, Igas, UJO worth?

[rolo7] 17/5/2023 07:16

Only 14% of all shares accepted higher offer required

[rolo7] 17/5/2023 07:06

Cash offer 4.6p too cheap?

[jasper2712] 10/5/2023 14:04

The income from Wressle to EDR has had a negative impact on the share price!!!!

[currypasty] 10/5/2023 08:49

$15m revenue reached at UJO for Wressle

[jpuff] 05/5/2023 13:39

New low for the year with that 1p target I predict on the way

[markfrankie] 29/4/2023 09:14

edr need less promises and more action

[rolo7] 25/4/2023 09:57

Yep you are right same old repeats the north sea taxes destroys profit here might get the tax back

[gerhart] 25/4/2023 09:31

Thanks Rolo.

But seems to be developing into one of these companies, that just repeat the same optimistic RNS update, they issued 6 months previous and six months previous to that....

[rolo7] 24/4/2023 19:34

Yep presentation was ok they seem to know what they are doing for H2 hope it's not all jam tomorrow, upgrade to production I guess does not include anything for new operations in h2

[gerhart] 24/4/2023 15:52

Did anyone watch/attend the presentation? Can't imagine there was any exciting news.....given the share price

Only thing that is going to boost the share price is a take over, cos the current team aren't taking us anywhere.

[markfrankie] 24/4/2023 14:03

a penny, your joking, its still fair value, just they never stick to timeframes

[jpuff] 24/4/2023 13:26

Yeah it's got a penny written all over it.