Gulf Keystone Petroleum Share Discussion Threads

[gkphero] 21/6/2019 14:46

Here's Ben again.

[tess_tickle] 21/6/2019 14:44

THE SH-12 WELL (FORMERLY CALLED SH-H) WAS SPUDDED ON 7TH JUNE


CHINESE NOMENCLATURE DISMISSED

LOL

[gkphero] 21/6/2019 14:37

Ben used to post pictures of himself on the old GKP board......lol.

These boards are comedy central.....lol.... :D

[gkphero] 21/6/2019 14:35

tess is the walloper Ben.



Make of this secret what you will.

[stockport loser] 21/6/2019 14:35

Pender the bender?

[nestoframpers] 21/6/2019 14:34

From memory I think those are Chinese rigs in the presentation pics and I'd say they are bigger than required for a work over job.

[bocarugga85] 21/6/2019 14:27

And another buy signal ladies and gents!

Tess you really are too generous today. 

[guypender] 21/6/2019 14:26

Karma special one

[tess_tickle] 21/6/2019 14:19

BUY THE BARZANIS BACK

[chinese_takeaway] 21/6/2019 14:01

Raising the bidders offer?a VC mate of mine always said the way to drive best exit price was to appear to be the most reluctant of sellers possibleSo could be,,,,,,,,,,So that is in my estimation a distinct possibility, and the bidder or more than one potentially own the shares that remain undeclared "Buybacks may work as a takeover defense – or a means to raise the bidder's offer – Share repurchases have commonly been used to preempt takeover approaches in times of fevered M&A activity."

[pensioner2] 21/6/2019 13:50

Could be an interesting few days as they work that £20m buy order through the market. I certainly wouldn't want to be short.

[withoutt] 21/6/2019 13:35

While i'm here anything from Oilman? at the rear end of the Goat Cam. ;-D)

[pensioner2] 21/6/2019 13:13

GKP buying their own shares would be a great plus for the share price but, if they're competing with a potential predator for those shares, then it could be fireworks.

[gkphero] 21/6/2019 13:02

Queue gossip suggests an "event" is ongoing with GKP.

[urals] 21/6/2019 12:53

Antitakeover DefensesIn response to these hostile takeover techniques, targets usually devise the following defenses:1. Stock repurchaseStock repurchase (aka self-tender offer) is a purchase by the target of its own-issued shares from its shareholders. This is an effective defense that successfully passed such prominent antitakeover defense cases as Unitrin and Unocal v. Mesa Petroleum Co.

[urals] 21/6/2019 12:46

So that is in my estimation a distinct possibility, and the bidder or more than one potentially own the shares that remain undeclared "Buybacks may work as a takeover defense – or a means to raise the bidder's offer – Share repurchases have commonly been used to preempt takeover approaches in times of fevered M&A activity."

[tess_tickle] 21/6/2019 12:40

DIVIDENDS TAKE MONEY OUT OF THE COMPANY


THE SHARE PRICE FALLS ACCORDINGLY

[pensioner2] 21/6/2019 12:38

They all missed breakfast whilst buying in here. What's the gossip in the pie and mash queue, Hero?

[urals] 21/6/2019 12:27

Yes Nestoframpers that is an excellent questionWhere indeed?Retail have perhaps tops 5%, 61% or so is listed on shareholder analysis GKP's web page with large funds etc so publically knownStrikes me increasingly this is a hostile takeover defence, and an effort to force hands to declare or bid. Any weakness in the market price going forwards will be mopped up by the company.

[nestoframpers] 21/6/2019 12:23

Where will the shares come from? only nutters selling now.

[chinese_takeaway] 21/6/2019 12:21

Ps last shareholder analysis was 3 June and they were regularly updating start and mid month, so be interesting to see if black rock increased yet further to over 12m holding and Paulson similarLansdowne also added a few hundred thousand in last 2 wees of may

[chinese_takeaway] 21/6/2019 12:12

Agree Urals but within that 38% there is still a few retail.HL was the biggest nominees holder at about 2.6% but obviously overtaken and dropped out of the top ten holders by the huge institutional buying.I'd work on @ 30-32% in anonymous hands Buyback $25m initiallyThat's around 8.2m shares to buy at current pricesIf that 38% is held largely by buyer , hostile or friendly, then the days of shorting this down are over, with the company a buyer of any weakness, and if it is hostile and they have been snubbed by the board expect a bidYes Interesting that house broker described it as the most undervalued E and P listed on Lse, when the price was £2.54.So no doubt the company will be a buyer there and beyond It does all smack a bit of a hostile takeover defence as well.