Faroe Petroleum Share Discussion Threads

[harry rags] 03/1/2019 09:20

DNO's 7.00am statement did not last two hours before they changed itSorry DNO no deal at this price, away home and think again

[oli12] 03/1/2019 09:19

Let’s see, they are turning the screw now, they need 1 major holder to fold. FPM might have won the initial skirmish however the battle is not over by any means.

SP needs to stay above 152

[ed 123] 03/1/2019 09:14

No, Oli12. DNO's 152p hostile bid has failed.

[oli12] 03/1/2019 09:12

You have to say DNO have played this well. Despite their offer being low they have out manoeuvred Faroe and been 1 step ahead

[thedudie] 03/1/2019 09:07

What are the rules on acquisitions through this extension period? Faroe suggested deals were being held up....

[thedudie] 03/1/2019 09:05

"Mandatory" -- sounds like you have to....
You don't.

[ed 123] 03/1/2019 09:01

Offer has gone mandatory.

They're trying to get as many as possible up to their 152p limit.

(I was wondering why the share price hadn't dipped on the failure to secure enough shares. Now I have my answer.)

[hopeful holder] 03/1/2019 08:58

Now then, DNO telling us they are being very generous with their offer. The cheek of it..Triumphantly claiming 43% have accepted when only 13% have accepted.. rest being held by DNO.Desperation indeed to twist the truth so much. I wonder if they have considered a career in politics..

[ed 123] 03/1/2019 07:52

43%, Yes, much as expected.

Don't see DNO picking up many more in the extension.

So, it's turned out to be a failed hostile bid.

Share price may drop a few pence on today's news but those who declined the 152p will be in it for the longer term anyway.

[bountyhunter] 03/1/2019 07:24

I might even buy a few more at this level!

[thedudie] 03/1/2019 07:19

Institutional Investors have been quiet …. and the majority voted against.
It would be good to see a few buy!

[bountyhunter] 03/1/2019 07:16

That's there one and only remote hope in my view.

[thedudie] 03/1/2019 07:14

Oli ..I don't think so … assuming the oil price remains stable even at it's recent low. If further significant declines occur then anything's possible.

[oli12] 03/1/2019 07:11

Yeah but only 13.1 % of holders have accepted the offer. Will DNOs extension force some to re consider their position and accept.

[thedudie] 03/1/2019 07:10

Yes .. better outcome than I thought. Don't think another 14 more days is going to swing it.

[thedudie] 03/1/2019 07:04

43% … offer extended 14 days

[hashertu] 02/1/2019 22:57

"With public companies, it is the shareholders who ultimately decide."

Ironical statement if one considers the DNO/RAK shareholder register.

[bountyhunter] 02/1/2019 21:30

Sounds to be quite a nice place especially with the "divi-divi" trees!

"Aruba, a tiny Dutch Caribbean island off the coast of Venezuela, has dry, sunny weather, blond beaches and gentle surf. Constant trade winds bring cool breezes and cause the divi-divi trees to slope southwesterly. European influence shows in architecture that features Dutch gables painted in tropical pastels."

[bountyhunter] 02/1/2019 21:25

Quite an increase in thread visitors today and the day is not over yet...



...including the first visitor from Aruba wherever that is!

[bountyhunter] 02/1/2019 21:18

Well it must have been his ghost as if you click on his profile he has only ever posted twice and both today. Maybe a similar handle though?

[fardels bear] 02/1/2019 20:54

Bh, didn't we have arthurs1 on SQZ few months ago.. Nothing positive of course..