Lochard Energy Share Discussion Threads

[falklands] 28/5/2013 18:17

W been busy today he is not worth the trouble keep posting or follow me on Chrisoil twitter all the best.....

I know Rhu stop posting because of the loons it's a shame different viewpoint is good but not put over by teenager speak.

[falklands] 28/5/2013 18:16

Yes sea lhd holders only need 25% to block this dead in the water terms and conditions

[sea7] 28/5/2013 18:09

The deal is by way of a court sanctioned scheme of arrangement.

if it is to proceed, must be approved at a special shareholders' meeting (convened at the direction of the court) by a majority in number of the shareholders represented at the meeting (whether in person or by proxy), who together hold not less than 75 percent in value of the shares held by those shareholders represented at the meeting.

http://www.steptoe.com/publications-6643.html


This is not 75% of the total number of shares in issue, but 75% of the value of the shares represented at the meeting.

So, if only hendersons and the others that are in favour (40%) turn up at the meeting and all say aye, that will equate to 100% of the value of the shares represented at the meeting and the scheme will be approved.

Unless I have missed something, or an update to the way these schemes are approved.

[wbodger] 28/5/2013 16:58

TC needs 35% of 300 million shares to get over 75% in a month (say 25 trading days, to end-June), so (give or take) he needs to pick up more than 4 million every day. Friday under 300,000 were traded, even fewer today. Most of the trades today were small trades.

But this isn't a deal that is going to be determined by private investors, there aren't enough to deliver the votes.

The question is not why did he announce a bid with less than 40% irrevocable acceptances - most of them Henderson clients. Why didn't other big holders commit at the same time? Because they all want more than 5 pence.

[therealdeal5] 28/5/2013 15:28

GS i can't withdraw my good man as i have been given no proof, lol so i stand by what i have said, i do believe you are on other Forums with different names, now can we move on? it's getting us nowhere this is it? surely you would prefer to discuss Lochard Energy and what might be happening here? I am all ears my good fellow, :-) now i don't think you're a Bad guy just been mislead by Falklands and crew, you must remember to not follow the Herd, catch you laterz,

[giant steps] 28/5/2013 13:59

Therealdeal5, Giant Steps for advfn only - i have no time for other forums

I trust you'll withdraw your previous accusation.

[therealdeal5] 28/5/2013 13:30

yeah but what is your name on ii? or LSE board? lol now come on we know you are on other boards as well,

[giant steps] 28/5/2013 13:23

Therealdeal5, re #1555 one account only namely Giant Steps
- i don't do duplicity

[therealdeal5] 28/5/2013 13:20

Someone on ii telling lies by the name of Constable, he won't post the link as it's not in his favour to do so, so i have it says no such thing about undervaluing the deal, people do try to make stuff up for their own Agenda, lol,

The certain poster called Constable B is probably Giant Steps or Falklands under another guise, pmsl. it's going to get done this deal don't worry about that fella's, in 5 years you will be glad it happened, put them in the bottom drawer & forget about them, :-)

PMG all the way,

[therealdeal5] 28/5/2013 13:15

http://www.bloomberg.com/article/2013-05-28/aPiq2nLPE99o.html

Thought i would post this for you lot to mull over,

[giant steps] 28/5/2013 11:27

Judging by the initial reaction to the news (23/5/13)
folk in LHD do not want to be converted into PMG stock.

[nw99] 28/5/2013 08:19

PMG shs trading well like the look of the deal

[sea7] 28/5/2013 07:58

standard oil share certificate can be bought at paul fraser collectibles in bristol - price £6,950.00. (signed by jd rockefeller)


bargain at £10!!!!

[therealdeal5] 28/5/2013 07:53

Falklands, shut up you MUG, people rip into you on these boards, you have no credibility left here move on son, it was you shouting your mouth off you have inside Info that a bid was coming from a Canadian company etc, well where is it? where is any other bid right now? pmsl, you talk out of your Ar*e Geezer, now go read a book a Lady Bird book, lol

[falklands] 27/5/2013 19:06

Well bought a old standard oil share certificate this weekend for £10 it\'s worth £5000 now that\'s luck not judgement same thing with our pet spiv.

All to play for and the last thing you want to do is sell lhd plenty of options yet from iae bid, 25% blocking pmg no vote or worse case getting pmg shares dump on the bounce

[sea7] 27/5/2013 08:49

gotta hand it to you there, TRD, you were right on the money!!!!

[therealdeal5] 26/5/2013 10:58

http://zolmax.com/the-parkmead-group-plc-receives-buy-rating-from-jefferies-international-pmg/67321/

[therealdeal5] 26/5/2013 10:58

LOL nutters the lot of you, accept i was right you were all wrong, PMG have LHD in the BAG TRUST ME ON THIS, lmao,

It will never happen PMG will never get Lochard, pmsl, it will be a Canadian company, pmsl, Ithaca will bid for it, PMSL, LHD won\'t accept PMG worthless paper, pmsl, i could go on, who got it wrong now? Wbodger, Falklands etc, go back to school buy a book on share dealing & learn more before investing your families monies, you will lose the lot if you don\'t, that\'s FREE advise from me, now back to my Day time job,

Therealdeal is always right, lol

[wbodger] 24/5/2013 16:26

Close had 1.98% on 14/03. They had just accepted 5.5 pence for 218,976 shares, leaving them with just under 6 million. They might accept PMG shares, but might want an assurance of at least 5.5 pence value, as they know they have a good bargaining hand.

If TC was finding it easy he wouldn\'t be declaring 1.27% here, 1.30% there. The market mid-point is now at the bid price, although there will be shenanigans before we close no doubt. As soon as we go above 5 TC will be wading through wet sand.

Have a good weekend, all.

[utrecht_00] 24/5/2013 15:39

Wbodger, also close securities they hod over 2.5% I think. There are a few shareholders just under 1% as well. There is a fair chance of it being blocked I would think.

[falklands] 24/5/2013 15:19

Hit the nail on the head so only need 5% to stop this.

[wbodger] 24/5/2013 14:47

Maybe, F. A wee bit hypersensitive to criticism but not slow to dish it out.

Not much of originality to add to the bb, which is the main thing I want.

I did some work on percentages to show to GiantSteps last night but didn't post in the end. It looks as if TC announced the bid as soon as he got a letter of intent from Palm Global taking him to 40.1%. (Looks a lot better than 38.8%.) Then he telephoned friendly media (eg Scotsman) saying its done and dusted.

The key may be in the 20% of shares controlled by RJ Barby, Merchant Securities, Hayden Gardner and Stephen Zizzari. If those holders hold out for a proper bid it would not be easy to get over the line.

[falklands] 24/5/2013 14:26

W agree but we put up with the spiv for last couple of months with limited knowledge came from nowhere goes back to nowhere.

I am wondering whether it's just a troll