I3 Energy Share Discussion Threads

[tabhair] 04/10/2024 15:13

Gary you are right the shares will trade in London, my mistake.

Liquidity is bad now, but 17%+ of GTE shares will trade in London after this. There's going to be plenty of buying and selling, especially in the first few weeks. I think arbs will step in to make sure that spread between London and other exchanges won't be too excessive.

[gary1966] 04/10/2024 12:28

tabhair,

Are you sure that I3E shareholders are receiving NYSE listed GTE stock?

From the scheme documents on page 45:

15 Admission of New Gran Tierra Shares
It is a Condition that the New Gran Tierra Shares be admitted to the Official List and to trading on the London Stock Exchange’s Main Market for listed securities respectively. It is expected that such Admission will become effective and that dealings for normal settlement in the New Gran Tierra Shares will commence at 8.00 a.m. (London time) on the first Business Day following the Effective Date.

I am expecting UK version that are completely illiquid and are trading at a big discount to their NYSE counterparts. Happy to be corrected and would be very pleased.

[loganair] 04/10/2024 10:32

It seems to me reasonable to say that one of the reasons why the I3E share price isn't closer to the offer price is simply because most Retail and Institutional investors do not want the GTE shares part of the offer.

[fandagle] 04/10/2024 10:22

And anyone who has this type of share cannot sell it through your normal broker, it actually takes time to sell this type of share, hardly inspiring to traders

[tag57] 04/10/2024 09:35

Cheers Tab, not sure how I managed to read it wrong 🙄

[tabhair] 04/10/2024 08:55

I counted the cash payment per share and dividend together.

The 2.49p I came up with isn't cash. It was the value of the 1/207th GTE share you are getting as of yesterday. As the price of GTE stock rises/falls, the value will go up or down.

To address the other point, I3E shareholders are getting NYSE listed GTE stock. Absolutely no reason why you can't sell it, unless your broker doesn't support US companies.

[fandagle] 04/10/2024 08:27

And it’s worth noting the GTE shares cannot be sold like normal shares held in your account, it’s a tedious process to sell and costly.

[tag57] 03/10/2024 22:55

I thought it was 10.43p cash, the next divi at 0.2565p and 1/207th GTE share?

[tabhair] 03/10/2024 20:19

Yea, I own a bunch of this and will be hanging on. Vote in a few days and the scheme will become effective a few weeks after.

[marmar80] 03/10/2024 20:08

Still better than just sell before the outcome

[tabhair] 03/10/2024 20:07

Payout based on the current GTE share price.

Cash + dividend = 10.69p
GTE Shares = 2.49p

Total = 13.18p

[pretax2] 03/10/2024 17:46

Wouldn't touch Ceres with a bargepole.
In fact I wouldn't touch Ceres with Fanny's bargepole.
A 45% profit would be my cue to run for the exit (probably with my a$$ on fire).

[ozzywalker] 03/10/2024 12:31

I'm out with a small profit, couldn't be bothered with the hassle of GLE shares. GLA

[marmar80] 03/10/2024 12:05

Thx. How much finally will we get cash if this goes through? 10-11p incl divi?

[tonynorstrom1] 03/10/2024 11:49

No lads we won’t - the next dividend is already part of the Gran Tierra Offer.

[marmar80] 03/10/2024 10:22

Hi lads, will we hear about divi due this month?

[tabhair] 02/10/2024 13:21

Less than a week to go until the vote, I can't see a competing bid coming though at this later hour. Shame.

I also can't see the vote going against Gran Tierra. They already have an irrevocable undertaking of 32% in favour. Of that, about 25% of shareholders will abstain/not vote. That leaves the remaining 43% who will vote one way or another.

To block the deal, 58% of the unknown vote would need to vote against the deal. Don't see the no's having anywhere near that.

[billyrayvalentine] 01/10/2024 08:12

...your last post for the n-th time ;-p

[genises] 01/10/2024 00:07

Tony
Answers on cere forum.
4 posts.
Invested 4 weeks ago up 46%

Wish you all good luck
My last post on here bye 🙋‍a94;️

[tonynorstrom1] 30/9/2024 13:09

Genesis

I took a very brief look and have a couple of basic observations:

1) pull up a 5 year chart and its bouncing off multi year lows even though it’s moved up sharply over the last week or two. It’s still sitting about 1/5 of all time highs

2) the revenue is well down on where it was 3-4 years ago and has been loss making from what I can see the last 3-4 years

What’s the investment thesis here and what
Makes you think they have turned around the ship?

[moonshot3] 29/9/2024 16:18

Due to weakening commodity price outlook, I have voted to approve the deal. Votes are counted at 6.30 pm this Thursday.

[genises] 27/9/2024 22:45

I do hope some of you took my advice and brought when I did and are sitting on a substantial increase.The shares will continue upwards and enter the 250.
Several investment companies were at the presentation this morning asking the questions
For those staying put.
I do wonder what the share price would had been if the takeover didn’t happen and what it would be if the takeover doesn’t get to 75%.
With the decline in oil as well as gas I hate to say it Fanny 7p
Good luck on a white night,I suspect the share price may rise if it’s very close to 75%.

[roundtheworld] 27/9/2024 21:53

Mr Waite

Unfortunately not, but I've kept an envious eye on it
Well done to both of you.

[mr waite] 27/9/2024 17:34

Roundtheworld
Did you take Genises advice
I brought in at 177-179p
Lot more scope to rise

[roundtheworld] 27/9/2024 14:53

In light of commodity prices, I reckon GTE might breathe a sigh of relief if it’s voted down.