Gulf Keystone Petroleum Share Discussion Threads

[ozzmosiz] 17/5/2024 13:05

On the move

[nestoframpers] 17/5/2024 13:00

GKP will not be accepting a hostile bid when the politics are not sorted . 'They' might try it if they have enough votes . If they are close to that maybe the buy back is GKP defense ? Seem to recollect all these scenarios been aired long ago.

[hydrocarbon1] 17/5/2024 12:42

Bobgray5117 May '24 - 12:00 - 704570 of 704573
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They do not amount to same thing. If you believe sale imminent at huge price then buybacks far superior. Oh, if you believe hostile bid possible buy backs better

[worldquant] 17/5/2024 12:41

#gkp #gkptakeover
Appears likely the buyback is hostile takeover defence that ultimately drive sale price when a deal accepted
Not be surprised to see a bid as early as next week
Reason being some entity has been working the book for almost 2 yrs
That stopped 3 weeks ago
1/2

[worldquant] 17/5/2024 12:22

You need 2 desks working together to control the book.We have 2 house brokers...funnily enough...both market makers.

[steephill cove] 17/5/2024 12:19

IMHO:-The share buy back supports the GKP share price from a flash crash before the hostile bid goes in 💪

🚂🛢️🏁942;📈㈑6;💰💰💰💰💰💰8176;💰ԁ76;BN+

🕰️ 203;

[steephill cove] 17/5/2024 12:16

They will want to hostile bid BEFORE the ITP opens because after means that Iraq will have acknowledged & legitimised ALL Kurdistan IOCs ✅

The GKP share price will go through the roof on the ITP reopening 📈

Why would a hostile bid AFTER when it would cost them MORE? 🤷‍a94;️

[bobgray51] 17/5/2024 12:00

Buybacks and dividends amount to the same thing. They both return value to the shareholder. In buybacks this is by reducing the number of total shares in circulation, and therefore the denominator that the company is valued by. Further, if the company share price is undervalued (as GKP currently is) then buybacks make much more sense than a dividend payment. It's a very sensible move by management. When the share price goes up when the pipeline opens, the relative value returned to the shareholder through the buyback will be much greater than a 4p dividend.

[pittcock] 17/5/2024 11:55

A distinct possibility John.

[worldquant] 17/5/2024 11:46

You would expect a bid before formal announcement.....The buyback is a hostile takeover defence.Barbarians at the gate.

[johnbuysghost] 17/5/2024 11:31

IMO GKP have been told a hostle bid is being prepared for when the pipeline reopens.

So it looks like that will be pretty soon.

[worldquant] 17/5/2024 11:27

225,000 at 132.7Probably buyback

[worldquant] 17/5/2024 11:27

Its wakey wakey on the East Coast across the pond , and for the 30,300th time Yankee Doodle Condog posts AND ONLY EVER ON THIS STOCK ( barely credible - LOL ) the paid American sentiment basher clocks in for work.If CARLSBERG did BUY signals.FILL YER BOOTSTAKEOVER RNS INCOMINGTHIS MONTH.HTTPS://x.com/ChicagoJack5/status/1787790142574325840

[bigdog5] 17/5/2024 11:19

A decent observation WhyNow, which is obviously lost on the desperate investors here.

The company could and should imho have paid a divi which would have sent a much clearer message to the Market. Buybacks are always sold into.

Happy to help:-)

[redbed] 17/5/2024 10:56

225,000 at 132.7

[redbed] 17/5/2024 10:55

It's a hostile takeover we are watching...

[shareho1der] 17/5/2024 10:52

Rather than the buyback, they could have just used the fund to pay us dividend, which would have been around 4p per share.

[redbed] 17/5/2024 10:49

225,000 at 132.7

[nestoframpers] 17/5/2024 10:42

Raspberry Pi floating with a profit last year of $38 mn makes GKP look the bargain of the century.

[kenjen1] 17/5/2024 10:41

The Individual did update the UN yesterday evening. U.K. night time. hxxps://media.un.org/photo/en/asset/oun7/oun71040160 So seems legit

[redbed] 17/5/2024 10:35

If an agreed sale ( most likely)based on FY 2023 it will be announced within 10 -14 days max.That provides notice for vote through at June 21 AGM.If they are under hostile threat, the buyback is part of that battle,if not it's a stabilisation program pre Sale RNS.Corporate news highly likely very near.

[redbed] 17/5/2024 10:34

Hostile takeover defence.We are the most sought after independent E and P on Earth.Forcing bidders hands.....