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Share Name | Share Symbol | Market | Stock Type |
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Elect King Vct3 | ELK | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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100.00 |
Top Posts |
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Posted at 07/7/2010 13:04 by robson1974 avocadopear - 7 Jul'10 - 12:41 - 7166 of 7169A merging of Elko into Xtract would be an interesting exercise in terms of giving us an idea of their relative value. Ultimately a merger is sensible because it consolidates cash and will massively increase the company's potential upside in the North Sea, but timing is everything (a merger this time last year would have seen far less dilution of Xtr shareholders because of the share price then). Given that PM has led Elko for so many years - it may be difficult for him, for personal credibility reasons, to argue for a low value on Elko. Does anyone know who the other investors in Elko are? Would love this merger to only go ahead after some credibility has emerged in Turkey - otherwise the value of our 50% share in Extrem will be highly discounted and we will be diluted somewhat painfully. Looking forward to some good news from turkey in the next couple of weeks. My guess is that PM will be much more active in giving updates. avo |
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