Hurricane Energy Share Discussion Threads

[scaleyman] 19/5/2023 10:34

Let's hope it's Zacarrolli, he seems to know how many beans make a stitch up??

[dave999dave999] 19/5/2023 10:11

something for the judge to consider

[cashandcard] 19/5/2023 09:41

What an oversight!Cash

[marmar80] 19/5/2023 09:40

You can move to the normal brokerage account I suppose?

[brinks_matt] 19/5/2023 09:30

Hurricane and several stockbrokers are contacting HMRC to determine whether DCUs can be held within ISA and SIPP accounts on special application (currently DCUs don't qualify).

You would have thought that Prax and HUR would have worked this out before tabling the offer. Or maybe not.

[marmar80] 19/5/2023 08:58

The funds are trying to attract sellers at 7.60 today. Soon 7.70

[marmar80] 18/5/2023 09:39

Weak volume. Nobody wants to sell at 7.50?:)

[marmar80] 17/5/2023 09:25

Ophorst and Centiva must increase Bid if they want to load more

[marmar80] 16/5/2023 15:20

It is for days like that here

[jam2day] 16/5/2023 14:42

Hoover in hyper mode

[laserdisc] 16/5/2023 09:51

Court date should be during the week ending 2nd June

[briggs1209] 16/5/2023 08:16

DO we have a timeline yet for the scheme of arrangement? I could not track it down

[marmar80] 16/5/2023 08:04

Ophorst has a competition. Centiva in with 1%. Retail still selling, funds still buying.

[wbodger] 15/5/2023 17:56

Ophorst get 6.02 pence per share back within 14 days of Scheme Effective Date*, and they get that on shares they buy now as well as shares they already have. They have been buying at around 7.5 pps, so they are just doubling down on their analysis of the risk/reward: 6.02 pps return of investment capital within 14 days of Effective Date, leaving 1.48 of their 7.5 subject to Prax accountants' whim. Against that risk of up to 1.48 pps loss is the possibility that 6.48 pps more will be returned via the DCUs. But as you say, that 12.50 pps total is the maximum.

You say your average is 14 pps, so you probably won't get all of it back. C'est la vie. but you might get 12.5 pps of it, if we're all lucky ;))

Ophorst are being very logical: their biggest risk is that the Scheme doesn't go through, and they are stuck with 3% of an illiquid oil company that may be inconvenient for them. But given Lancaster's history and HUR's free cash that's a pretty good bet too.

* One of the Conditions for the Scheme is that the three parts of the 6.02 are paid within 14 days of the Effective Date.

[marmar80] 12/5/2023 10:54

They are buying absolutely everything at this level

[marmar80] 11/5/2023 22:56

And again Ophorst reporting today.

[marmar80] 11/5/2023 09:14

Ophorst +3m shares

[marmar80] 10/5/2023 22:13

Yeah, it was all against us and I'm still angry with the outcome. As it is all different now, a new ownership soon, no point to fight or cry.

I've analysed chances of turning 7.50p into 12.50p with my skills and they are much lower than turning 6p into 7.50p.

There will remain a high possibility of receiving 1.50p back before October next year which I really like.

Selling all at 7.50p just doesn't make sense to me.

Have to say that many many times I was 15-30% down and had to wait months for the recovery in share price Stock market is unpredictable. This is also adding an argument to hold with it than dump.

If Prax is fair with their plans and will buy a producing asset soon after Hurricane, then 4.50p extra should arrive pretty quick.

At 7.50p per share still more chances than risks in my opinion of course.

[wbodger] 10/5/2023 20:13

If it is a comfort marmar I increased my holding just before the Prax bid was announced when I thought the Albion interest was serious, and I paid more than 7.50 bringing my average up to 7. I haven't been tempted to fold, because the 1.48 risk vs 6.48 reward looks attractive. Ophorst think so and I agree with them.

I voted No (as I posted) but the cards were stacked against PIs. Good fight put up by you and Senseman.

[marmar80] 10/5/2023 18:53

My broker Saxo said the DCUs will be added to my account if I do nothing.

[soilderboy] 10/5/2023 18:51

I have a significant holding here although underwater in a big way. My broker is Barclays stockbrokers, can anyone suggest what my course of action should be.If I do nothing what would be the outcome here . Am I correct in saying that I must inform Barclays of the DCUs or will they know?

[brinks_matt] 10/5/2023 16:21

With HL you can take a loan note if you elect to take the Class I DCUs. If you elect to take Class II DCUs, you can only receive cash.

With HL, if HUR shares held in an ISA; the pre DCU 6p divi will be paid into the ISA wrapper.

HL cannot yet confirm whether Class I loan notes can be held/paid into the ISA wrapper as ISA eligibility can only be defined once the stock has been received and HL have had confirmation from HMRC on whether this is possible. I am going to ask them whether the DCU itself can be held within the ISA, but I suspect similar to the above.

Hope this helps

[marmar80] 10/5/2023 13:56

Default for us is cash. Loan notes is designed for ii mostly.