Lekoil Takeover Rumours (LEK)

Lekoil Chart

Lekoil Takeover Price

Lekoil Takeover Forum Posts

Elias,in ref to your earlier post does that solve the puzzle why Ed During was not put on the board? but is still a senior appointment holding the CFO position. A massive clue that Lekoil are passive to a takeover,as otherwise the last thing you would do is put someone in place from a direct rival and potential bidder in a senior position.This is defo starting to look a very good situation for Lek.
Seplat takeover is well possible and if memory serves there was something in the local press there late last year.As for values i think could be around 12p - 15p,anyone have a link to the ceo NIPS speech yesterday???
Bill - I've picked some good ones and some dogs in my time. I made good money on FLYBE between 10p and 22p but managed to get out before it ended up trading between 1p and 3p. I wasn't so lucky with DEB last year - lost 18 grand on that. Foot Asylum got some at 40p then 30p then 28p and made decent money on the takeover at 80p. Lost my profit and a bit more on CTEA recently lol and 60% down at the moment on CLCO. Nearly doubled my money currently on IDE. 5% of my portfolio in AIM which is literally a high risk casino. The rest in REITs like BBOX, some funds, and vlue chips with divi like Quilter, ITV, VOD etc. I like the quarterley divi payers like BBOX the most. Non shares portfolio is commercial rental property and a bit of domestic.
Nigerian scams always end the same way.. Having followed various Nigerian Oil companies they have all ended the same way bar one. Afren - BUST Mart - In dire financial straits sees low ball takeover LekOil - In Dire financial straits Only one has been sold off at Far Value, "Heritage OIL" although at the time few understand Buckingham's motivations. Guess he knew how "Investing in Nigeria really worked!" I wouldn't touch anything involved in Nigeria outside of SHELL. Country simply scam central.
Takeover likely here. 10p would be too low so 15p maybe would be my guess. Checj the assets vs current cap. Big gap there.
Bought in.. Am sure somebody will Takeover these. They have spent around $200m on OPL 310.Do not think they will let it go easy.
Seplat is a credible predator, having recently completed the Eland takeover hTTps://seplatpetroleum.com/investors/rns-inside-information/ hTTps://seplatpetroleum.com/
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