Jkx Oil & Gas Share Discussion Threads

[officerdigby] 17/11/2021 12:24

Yes probably foregone.However a blocking vote would be FUN not enough to delist.Then they'd have to buy out in market or new offer .This is what happened to ENW (RPT). In 2012. Another Oligarch came on the scene and increased offer a lot. But only for 58%.So unlikely here though! Dream on for a few hours

[jaka] 17/11/2021 12:11

They will have a game plan, a business model, for the way forward already decided. Like you say the buy back is a formality, with the profits and sell offs PPC are getting the company for nothing, all they need is the agreement of just 3 or 4 major shareholders and they can steam roller this threw. The final part of the business model would be a merger, Maybe UNB?? All IMHO.

[researchcentre123] 17/11/2021 11:31

It's difficult in that if they were stopped from delisting etc I see the share price would suffer anyway as it would be even clearer that the company is being controlled by a war lord who is under us sanctions.....I agree that we are all getting robbed but it's clear it's the 76% ganging up on the 24%.. I think the vote is a foregone conclusion as according to jkx they've asked all the big shareholders if they want to sell to avoid delisting and the answer is no. The only positive would be if the big holders were forced to sell, but what's to stop them selling to themselves? All quite difficult really.

[xxx] 17/11/2021 10:44

You wouldnt accept this behaviour if it was done to your house. Our shareholdings are no different.

I have voted against the deal, I hope similarly minded people are doing likewise. You can contact your provider with the ticker code + ISIN no: GB0004697420
and ask them to vote your stock against all the propositions.
If we as shareholders dont exercise our ownership rights, then we deserve the expropriation.

I am also writting to my MP asking her to take the matter up with the City minister.


It is only by acting collectively that we can get anywhere...

[jaka] 16/11/2021 20:42

Gas prices soaring and I presume their last drill logs were too! I'm not relying karma but something so much bigger!

[jaka] 16/11/2021 18:36

Swinging, dodgy. Sums up JKX really and any investments in the Former Soviet Union.

[officerdigby] 16/11/2021 11:08

Yes the anti Oligarch PM has a Oligarch benefactor.. lol.

[researchcentre123] 16/11/2021 09:42

There's another aspect. Kolomoisky may have a degree of immunity in that he's supporting an independent Ukraine. If he were based in UK this whole transaction would be getting looked into - was it a concert party etc to avoid takeover rules and get the shares cheap. But Ukraine is in a delicate position and this guy supports the president, who the west like. Given the build up of troops it may not seem a great time to attack him.

[officerdigby] 13/11/2021 17:08

Never read as a good an RNS from this lot as the last Q3 update. Quite surprised at time didn't take off really.


Thought it was all the hype up on Twitter and elsewhere going pop.

Not so surprised now!

However, the tone of recent results and ops updates could easily have been played down and share price would not have even got as high as a did... Which would have made for a cheaper buy out...

So go figure!

Or perhaps it was a late realization the company was throwing off such cash that they realised using the cash to buy out was a viable option.

[elsa7878] 13/11/2021 14:53

I looked into this on 2003 when I was working briefly at a hedge fund and was told by my boss to avoid Ukraine at all costs as it was only a matter of time before the assets would be taken or you would turn up to work and find the drilling rigs missing. Stories of factories being stripped and the contents found on boats on the Danube and lots of guns and threats / intimidation. Shame as it then went from 10p to £5! No idea how they managed to avoid all that for so long...I guess they had the right shareholders. All of the above probably means that this takeover will go through.....presumably they would otherwise have just taken it via some nefarious share dilution scheme or outright theft.

[jaka] 13/11/2021 13:38

The way I see it too. It was my way of playing rising gas prices and I suppose I got a bit of the cherry and hope others here did to.

[researchcentre123] 13/11/2021 11:45

I'm guessing the FCA are throwing up their hands at this one, just pleased the company is getting delisted and investors get something

[jaka] 13/11/2021 11:22

Yep, it's been one hell of a jaunt! It's a legacy holding for me so I'm down to just a few thousand. My broker reckons my current average price for CGT is 19p. After this latest debacle I believe the Ukraine is un-investable but saying that Mike Walters, ex Daily Mail business editor told me 11 years ago it always was. I always have learned the hard way.

[powereddrones] 13/11/2021 10:10

MickinVest1 Mar '10 - 18:09 - 1 of 3293

Thanks for the new thread jaka, that last thread wasn't very lucky for holders but confident we are looking at £4 by year end.


---

This was the first post in this thread 11 years ago. Jaka, you have stuck with this company for so long.

[researchcentre123] 13/11/2021 09:40

That's interesting.....so the controlling shareholder is accused indirectly of war crimes and had his own army.....you can't exactly expect good governance with that....it also means I suppose that he does what he wants in the Ukraine

[researchcentre123] 12/11/2021 20:28

This is the guy really behind the share buyback:https://www.occrp.org/en/investigations/oligarchs-weaponized-cyprus-eranch-of-ukraines-largest-bank-to-send-5-billion-abroad

[gregpeck7] 12/11/2021 19:40

If and when Russia invades it could all be academic anyhow!

[suffolkjim] 12/11/2021 14:32

I've sold up here today after learning a lesson. There was clearly a lot of risk to the investor which is why the market was pricing it as it was.

[jaka] 12/11/2021 14:00

Even if you do bother to vote it's a little like voting in a Russian or Ukrainian election in that there's a guarantee that they will be no surprise upsets. It isn't rigged but it's far from fair. The final chapter of a British Investment in the Ukraine, JKX's joint venture partner, JV PPC, gains full control and takes over the company. Lesson learnt.

[officerdigby] 12/11/2021 10:27

Don't think many nominee accounts will get the option to vote.I saw a link a while ago listing which nominees provided this service... not many..Some will not vote some will try to work out what they think is in their investors interests and vote that. Easy in this case!Perhaps JKX investors could campaign to their nominee holder to vote 100% against!?It's a bit futile perhaps but worth seeing how close this might go....

[jaka] 12/11/2021 08:34

My broker, ii, e-mailed me these instructions.To view information and vote on decisions relating to your shareholdings please follow the steps below:1. Visit our website and select Login2. Open the 'portfolio' menu3. Select 'voting mailbox' from the list.Your vote countsJKX OIL & GAS PLC?2021? ?EXTRAORDINARY GENERAL MEETING?Vote by ?17-NOV-2021?

[solo4yous] 12/11/2021 07:48

JKX still in a decent uptrend I see!

Meanwhile people are accumulating

81% been held at June reporting data/date... remarkably more popular than the share price is saying:

[researchcentre123] 12/11/2021 07:45

Nothing from Hargreaves Lansdowne. Looks like they're not set up to allow their clients to vote.

[jaka] 11/11/2021 10:24

By now your broker should of been in touch asking you to vote before the Extraordinary General Meeting on the 17th of November.

[researchcentre123] 11/11/2021 09:13

I think you're probably right.