Essar Energy Share Discussion Threads

[mustaq_t] 19/2/2014 19:47

In today's RNS, can some one shed some light following para?
Without a deadline suspension, certain shareholders including tracker funds may have been required to sell their shareholding prior to the outcome of the possible offer being known.

I've got in g'day at 65.5 thinking I will at least get 70p for my share. I hope I don't require to sell my share now.

[hvs] 19/2/2014 14:13

chore chore chore

ALL made in india AND MARKETED IN the CITY

NOW THEY COMPLAIN.

Its ONLY OTHER PEOPLES MONEY

[undervaluedassets] 19/2/2014 11:12

I have bought a few.

There is value here.

2 things set to happen -

either gets bought out for a small premium to my buy price.

Or obvious value here emerges and the offer is rebuffed and then shares will rise from here.

downside risk therefore minimized when buying at this level.

[bobsidian] 19/2/2014 07:28

Truly shocking.

Just as Essar complete its investment programme and is about to become cash generative and is in the midst of rescheduling its debt to more closely align with future revenue streams then the opportunistic move is made to buy out the minority shareholders for a fractional sum.

Looks like India is no different from Russia by using the City of London to execute de-facto expropriations.

A shameful escapade.

[jammytass] 18/2/2014 17:27

Barclays downgraded Essar and now Barclays is involved with the Bozo Brothers deal to buy Essar Energy am i missing something im not implying anything but stating history?. rip off

[undervaluedassets] 18/2/2014 14:34

Actually I think that the value will become apparent here.

It is clearly apparent to those that are most qualified to know - the majority shareholder.

[hvs] 18/2/2014 14:16

HUm Sun CHore he .

Welcome to MADE IN INDIA

A CORRUPT CORRUPT NATION and RACE.

[undervaluedassets] 18/2/2014 13:05

Needs to be stopped.

Currently valued less than Marston's brewery.

yet assets are worth many multiples of what the price is now. Market cap £865 million NTAV £2 billion.

The prospect for power generators in India are ruddy marvellous

Murdoch was stopped when he tried to buy BSY at 695p and since he was thwarted BSY shares have climbed appropriately to north of 900p as investors have focussed on the value they were letting slip away.

The proposal needs voting down.

The Ruias see insane value and are in essence stealing it from the UK investor.

They have sold the british investor a watch for £1 and now they want to buy that same watch back for 20p. It is a con.

Vote against.

[hvs] 18/2/2014 08:31

WELCOME TO MADE IN INDIA

Get a FREE DEGREE IN CORRUPTION with HONOURS off course.

Thats the COUNTRY OF CHORES .

Ask SONIA.

[skater] 18/2/2014 08:24

Another mugging of PIs by overseas companies listed on London exchange.ENRC first now ESSR, who's next? Why do the authorities allow such unstable/dodgy firms to list.... wait I know - the ecking greedy grubby LSE hierarchy that's who!

[turborock] 18/2/2014 07:51

Yup. I also assumed they'd be awful as encouragement to sell

[undervaluedassets] 18/2/2014 07:46

Having said that I think that the results today are shocking.

Shocking in as much I suspect that they have been made to look deliberately as bad as poss to encourage people vote for the offer and sell their shares for nothing .

I suspect that the future is much less bad than is suggested by these poor numbers put out today.

Now I DO think it the UK shareholder that is being mugged.

[idle dreamer] 17/2/2014 16:39

I fully agree with Undervalued Assets that UK investors are to blame. I have held this in my SIPP since last year and I'm well out of the money. But I have to agree that the Indians are doing the sensible thing. If the bid fails but the price rises they do better on the shares they have to sell to increase the free float. If the bid succeeds they pick up the assets for a song. So it's a case of "Heads I win, tails you lose".

In their place I would do the same. Damn their eyes!

[rajaster] 17/2/2014 16:37

Chore chore kameenay chore.. jutay maar kar hatum kar do in ko.

[rajaster] 17/2/2014 16:37

lol, well as it stands bid at 70p, wowie. how was this listed as FSTE org?, i'd expect this sort of thing on AIM.. and Bad robot welldone on your short. 2 years 8* profit nice. I generally dont short orgs unless overcooked AIM miners and seldom hold more than 6 months.

[hvs] 17/2/2014 15:42

INDIA is full of CHORES.

CORRUPT to the nth degree.

Soon they will be offering DEGREES in Corruption

[bulltradept] 17/2/2014 08:38

The market is so convinced that the share price hasn't gone near 70p at all today so far!

[undervaluedassets] 17/2/2014 08:22

well they need to vote against on an asset value basis alone they are being mugged

[salpara111] 17/2/2014 08:20

I wonder how this will play out.... Clearly the institutional investors are mad as hell and I imagine they are not going to vote in favour of being mugged at 70p.
Given that the majority owner is going to have to sell more shares at the current share price if they dont manage to take it private means they have a real incentive to get an agreed deal, possibly at a price considerably higher than the current one.
The share price reaction this morning suggests that a deal wont be done at 70p.....remember that the majority shareholder does not get to vote, only the 22% free float owners get to vote on any takeover.

[undervaluedassets] 17/2/2014 07:51

Needs to be stopped really.

But

In a way one feels that investors have mugged themselves.

Capital projects run on massive debt and are long term endeavours that take time to come to fruition. National Grid has 45 billion of debt is up 400% and pays a 5 % yield. Cl;early it has been a success for investors.

Somehow the fact that big capital projects take time and involve massive debt has been forgotten here and the stock sold and shorted down to frankly rediculous level .

The company trades on a fration of NTAV

You know that that there is value here otherwise they would not be buying it . The Ruia family are simply taking advantage of Uk investors stupidity.

Should be stopped but can it be?

[bulltradept] 17/2/2014 07:43

Any firm dealing with India needs to be careful and as for ESSR, good riddance to bad rubbish.

[hvs] 17/2/2014 07:41

Plenty chores and dacoites in India.

They is all Billionaires , SONIA should know.

[salpara111] 16/2/2014 19:57

I do think that the LSE has really damaged its reputation by allowing so many highly questionable companies to list with very limited free floats and lacking proper corporate governance.

[bad robot] 16/2/2014 17:39

75p bid.

hahaha the pr1ck who bought this dung in the IPO, served them right. I have milked here from above 200p.

Indian cons on LSE