Gulf Keystone Petroleum Share Discussion Threads

[n.marland] 18/7/2022 13:44

Looks like those trades may have created ‘the gap’ on the graph - so likely to be sells.
Now reported - although not sure where recorded - they can be bought back at profit - as share price currently stands

[n.marland] 18/7/2022 13:03

Yes - probably Thursday

[pensioner2] 18/7/2022 13:01

I suspect it's from sometime last week when they were busy dragging the share price down. There were some around 221 as well.

[n.marland] 18/7/2022 12:54

I saw that as well Pensioner2
Doesn’t seem to be showing on todays ADVFN list of todays trades though.
Quite a lot of 5000 trades varying between 217 and 219.

[giant_canine] 18/7/2022 12:50

oilio - what they have to do is announce - provide independant valuation support , call an SGM 2/3 week notice. Then its consecrated....you could have an announcement anytime

[pensioner2] 18/7/2022 12:48

Well, would you believe it? A whole raft of late-reported trades went through just then around the 220 mark. They wouldn't be messing with the sp, would they?

[pensioner2] 18/7/2022 12:43

That's true, pastybap, but hopefully none of this will be material to the eventual outcome.

[pastybap] 18/7/2022 12:36

Not true on an enterprise value basis. The gross cash will have dropped by an equivalent amount. Though, the annual reduction in interest payment will increase net profit and EPS and therefore some increase in company valuation.

[0ili0] 18/7/2022 12:29

Takeover on August 3rd 🤷‍a94;️

At least gives bigdog5 a chance to hit 28k 🍩👰🐕💩

[pensioner2] 18/7/2022 12:16

Good point, NUFC. IF there are restrictions in the bond a new owner, especially a major INOC, might balk at signing up to those terms. It's starting to become apparent how many boxes have had to be ticked here.

[giant_canine] 18/7/2022 12:06

I recognise your point P2 - we are now committed as a company to the remaining divs +bond call + the new NED .
All of this would form part of the sales implementation agreement conditionality.
So we must very close to moving to short form amalgamation.

[nufc9] 18/7/2022 11:59

Our new NED may have told the BOD that it's simpler for the bond to be paid off by GKP now, then for it to be transferred to the new owners and then paid off by them.

[pensioner2] 18/7/2022 11:52

I don't think that's the point, G_C, as it's a neutral equation. I think the point is to create freedom of action, should it be needed.

[giant_canine] 18/7/2022 11:39

Paying off the debt means on sale - shareholders will get an extra ($100/216.25/1.2) 38.5 pence per share

[pensioner2] 18/7/2022 11:14

And there's that extra wording again.

Redemption Notice 18-Jul-2022 / 10:47 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

They are playing this by all the books that have ever been written. Sounds good to me.

[pensioner2] 18/7/2022 11:05

It also frees GKP from any conditions in the bond's terms which may have been restricting actions by the bod. I think, as previously, that it is the start of some corporate action. What - we'll have to wait and see.

[urchin1] 18/7/2022 11:05

Many thanks for the reply.

[nufc9] 18/7/2022 11:03

Early redemption saves about 8 million in interest I believe.... I think that's what I read from someone somewhere so don't quote me on that. But it will save us some dosh by paying it off early.

It might also help save some paperwork during the takeover if the outstanding bond is already paid by GKP.

[howard smith] 18/7/2022 11:03

Means gkp will be debt free so has to be good

[urchin1] 18/7/2022 11:01

In layman's terms - what's this bond redemption all about?Is good or bad for us shareholders?

[nufc9] 18/7/2022 10:57

Who's the person giving the thumbs down to that bond redemption post? Come on own up....

[nufc9] 18/7/2022 10:53

Gulf Keystone Petroleum Ltd. (LSE: GKP)

(“Gulf Keystone”, “GKP” or “the Company”)



Bond Redemption Notice





Further to Gulf Keystone’s recent announcement of its intention to call the outstanding $100 million bond, the Company confirms that today it has sent a written notice to Nordic Trustee AS, the trustee for the Company's bond with ISIN NO 001 0828106, that it will be exercising its call option and redeeming the bond. Key information is as follows:



Issuer: Gulf Keystone Petroleum Ltd.

ISIN of bond: NO 001 0828106

Date of redemption: 2 August 2022

Redemption amount: $100 million

Outstanding bond amount after redemption: Nil

Redemption price: 102.0 per cent. of the nominal amount, plus accrued interest.



The Company will provide an update once the bond redemption is complete.

[nestoframpers] 18/7/2022 09:33

Yes , BBBS - " greater Shaikan 100 Bn Blls".

GRH1 would go on about the platonic shifts from Saudi to KRI , so why wouldn't there be a 100 Bn Bll super field ?

[0ili0] 18/7/2022 09:05

Filled to spill 🛢️
28738;️ԇ38;️🛢️🛢5039;🛢ᥧ9;🛢️

[sbb1x] 18/7/2022 08:35

GP to fill @237