Eurasian Share Discussion Threads

[harmeet1981] 24/6/2013 10:15

If the deal is at the its advanced stages as quoted, why is the share price hoovering around 220p and not the circa 234p??

[faza3] 24/6/2013 09:12

when shorters close positions this should be somewhere 1% of shares

[careful] 24/6/2013 06:55

at last the offer is in.
as before, but at least we know where we stand.

[careful] 24/6/2013 05:57

suspension.

[nolens volens] 23/6/2013 22:25

dflowers - You would wonder why the kaz govt. would want to give up its stake in kaz plc in order to invest more in enrc?

Tanzz - Spread betting mag speculating that Kerimov might buy kaz's stake in enrc in order to block any offer but why would he want nearly 30% and not the whole company hxxp://www.-.com/blog/enrckaz-takeover-likely-impact.html

As you say things should become clearer soon.

[tanzz786] 23/6/2013 21:54

Nolens - Kerimov will lose many millions if this deal goes through - a loss of 30pence per share- my view is that he may make a counter bid in cash only that will improve Kazakhmys' position so that Kazakhmys votes against the offer and supports his bid -

If he for instance makes an offer of £3.65, KAZ will be able to buy the 12% stake that the government holds in KAZ and still have more cash left over to execute its business development plan

KAZ's share price is likely to rocket even on the current deal as it will be cash rich at a time when most mining companies are heavily in debt with their share prices heading south..

Lets see what transpires this week...remember KAZ still has to get this deal ratified by its shareholders and unlike ENRC, KAZ has a significant proportion of its stock in free-float on the FTSE

[dflowers68] 23/6/2013 21:10

Fwiw I think the deal will probably go ahead. I've no doubt kaz will probably want to draw a line here and move on and pay down some of their debt. Then in the coming weeks/months once the dust has settled and the price of copper increases, so in turn will the share price in kaz. IMO if the offer is put forward and rejected the short term share price in both kaz & enrc will continue to decline. Then there's the outcome of the corruption allegations to contend with.

[nolens volens] 23/6/2013 21:00

dflowers

Thanks the FT one entitled "Suleiman Kerimov's motives eyed in ENRC deal" which appeared on several of the bbs at the end of May showed him in a different light. Whatever the position with him is, he hasn't reduced nor increased his holding for a while. Question is would both kaz and Kerimov throw caution to the wind and care not a jot for their future reputations.

I hold shares in both companies too.

[dflowers68] 23/6/2013 20:35

Nolens have a read, paragraph 4.



Thanks for responding ref kaz share price, I'm gonna need to try and get my head round this, never been in a situation like this in the years I've held stock, it appears to be confusing me , i hold shares in both companies :0

[nolens volens] 23/6/2013 20:21

dflowers - "Also I've read a report that kerimov may have increased his stake to over 3% in order to aid the enrc founder members with their bid "

I haven't read any article saying that can you post the link please.

As I understand it, reports are suggesting that any formal offer from the consortium for enrc would be along the same lines as the tentative offer i.e. the number of kaz shares you would receive would be based on the number of enrc shares you hold. In that sense, I don't see that it matters what the kaz share price is at any time except the day you intend to sell which might be the day you would receive any kaz shares if this buyout went ahead. LOL might be loads of folk selling kaz that day.

[nolens volens] 23/6/2013 20:10

tanzz 786 Thanks for posting that Telegraph article last night. Since then various articles have been published all saying slightly different things.

Are you still of the view that Kerimov will bid for enrc and that this consortium might not bid?

[dflowers68] 23/6/2013 20:09

Racg - thanks for your response. I understand the calculation, what I'm not sure about is what kaz share price will be used to calculate the final figure, ie close of business on what day?

Also I've read a report that kerimov may have increased his stake to over 3% in order to aid the enrc founder members with their bid - any thoughts?

[hvs] 23/6/2013 19:51

Daylight ROBBERY MADE IN THE CITY

aka Dame FURSE

[racg] 23/6/2013 18:46

You will receive the share plus the cash if it goes ahead. Hope Kerimov intervenes and buys Kazs holding of enrc to block the sale.

[dflowers68] 23/6/2013 18:08

A question for anyone in the know. If a formal offer is made and subsequently accepted by all parties, what KAZ share price would be used in the final calculation? Close of business tomorrow, the day the offer is accepted etc. Anyone any idea? Sorry if it's been mentioned before and I've missed it.

Cheers

DF

[karmastuartra] 23/6/2013 16:04

I am a holder at 2.48 a share and disgusted at the city and its corrupt ways,
nevermind the sfo investigating enrc,they should concentrate on the corruption
in the city!

[smurfy2001] 23/6/2013 14:54

New £3bn offer to take ENRC private
The founders of the mining giant ENRC are poised to table an unchanged £3bn offer in order to take the troubled company off the London market.

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So that's an extra £200 million going off the market cap.

Daylight robbery?

Shareholders here have been shafted, royally.



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karmastuartra 10 Jun'13 - 09:47 - 1337 of 1397 0 0

thanks shorters,just picked up some more at bargain price.

karmastuartra 10 Jun'13 - 11:21 - 1338 of 1397 0 0

improved bid coming.

[dflowers68] 23/6/2013 14:02

A question for anyone in the know. If a formal offer is made and subsequently accepted by all parties, what KAZ share price would be used in the final calculation? Close of business tomorrow, the day the offer is accepted etc. Anyone any idea? Sorry if it's been mentioned before and I've missed it.

Cheers

DF

[careful] 23/6/2013 09:59

the crash in mining share values over the last few weeks killed any chance of a realistic offer.
the only glimmer of hope is that this deal will be good for Kaz.
the value of kaz shares could increase significantly.