Ophir Energy Share Discussion Threads

[dunderheed] 07/1/2019 09:39

I'm missing the point here.

I'm a small holder but actually wouldn't be happy with less than 60p per share and feel that holding for a year or two could see significantly higher (say a further 33%) with/if fair wind for oil price.

Senn why are you saying "the deal is defo"? Genuine question?

[senn1] 07/1/2019 09:29

Well Nigel

Looks like a deal is defo on market knows this for sure now.

what price is the only?

[nigelpm] 07/1/2019 09:12

Can't see Booth agreeing for less than his advisor Morgan Stanley's target price on Ophir.

How could they? Would be an abdication of fiduciary commitments....

eh?

I've heard some stuff and nonsense on ADVFN but never this particular one.

[ashkv] 07/1/2019 08:59

Can't see Booth agreeing for less than his advisor Morgan Stanley's target price on Ophir.

How could they? Would be an abdication of fiduciary commitments....

Let's bury this dog - delighted that 2 other of my AIM dog's barked today - Sound Energy & Bowleven (though to be fair to BLVN - have traded in and out of the same. See an offer coming for these both these dogs in the very near future).

2019 is starting of to be the year of the dog - or the the "Yulin Dog Festival" - the dog energy shares are about to get roasted and swallowed...

[ammu12] 07/1/2019 08:11

60p offer according to one source.People loading up

[valuehunter1] 07/1/2019 08:09

I spent the whole weekend lining up funds to top up on open and they just didn't give the chance :-( Oh well, all about the offer price now. Im going for 55p, with prob Medco offering 50p, Ophir wanting 60p so in the middle we go.

[valuehunter1] 07/1/2019 08:04

And there we are, Mr Market full in the know of a bid coming.

[bigsi2] 07/1/2019 08:04

Gonna tank

[bigsi2] 07/1/2019 08:00

In addition ...As a consequence, there will be an additional non-cash impairment of the asset, expected to be around $300 million, in Ophir's full year financial results following the impairment taken in the half year results reported in September 2018.

[jotoha2] 07/1/2019 07:58

Three cheers for Cooper , on performing like a blind slug running a PLC.

[nigelpm] 07/1/2019 07:56

Market in auction very strong - seeing this as clear the decks I think for the bid.

[jotoha2] 07/1/2019 07:56

Don't panic Captain Wainmaring , our top man Booth has it all in hand !!

[nigelpm] 07/1/2019 07:55

For the folks who know nothing on ophir the EG Licence had already been written of in the last set of results non cash impairment, do you k ow what that means. non cash

That's incorrect - they wrote off c. half of the carrying value at $310m and had $300m left.

[ashkv] 07/1/2019 07:44

Ophir net assets were US$ 1,087,219,000 as of half year 2018 results on 30 June 2018
Even if impaired for $300mn per announcement Ophir assets are $787 MILLION at current share price of 44.80 and GBPUSD of 1.27 - Ophir market cap is $402.5m - based on assets Ophir Share Price should be near double at 88p,

FORTUNA SHOULD HAVE BEEN FULLY PRICED IN - ONLY A NUMBNUTZ WOULD THINK THERE WAS A LESS THAN 95% CHANCE THAT LICENSE WOULD BE REVOKED.

I WAS HOPEFULLY NEW CEO MIGHT PULL OUT A RABBIT FROM THE HAT BUT HE IS AS USELESS AS NICK COOPER.

I would think takeover at less than Morgan Stanley target price of 80p would be highway robbery....

[senn1] 07/1/2019 07:41

For the folks who know nothing on ophir the EG Licence had already been written of in the last set of results non cash impairment, do you k ow what that means. non cash

[ashkv] 07/1/2019 07:39

Fortuna was pretty much looking like a goner when the company killer Nick Cooper was axed earlier in the year.

What a difference a poor misleading leader can make - let's see if Alan Booth is any better or cut from the same cloth as Nicky boy...

Ophir per December drilling update is now producing close to 27,000 bpd - current market cap is valuing each of those barrels at US $14,000 (about the price RKH paid for Egyptian assets when POO situation was much more grave and the assets had massive dues from Egyptian government).

I don't care about the offer price but the sale price has to be in the 70-80p range as otherwise the firm will open itself up to a lawsuit.

MORGAN STANLEY THE HOUSE BROKER (AND THE ADVISOR NEGOTIATING THE WITH MEDCO'S ADVISOR STANCHART HAD A TARGET PRICE OF 80P ON OPHIR - PRIOR TO GOING RESTRICTED ON 31st DECEMBER). HOW CAN MORGAN STANLEY AND OPHIR'S BOARD AGREE TO SELL FOR LESS THAN THE SAME.

THEIR BROKER IS STATING WITHING 12 MONTHS GIVEN ALL THE HOUSE EXPERTISE OF MORGAN STANLEY THEY WOULD ADVISE THEIR CLIENTS THAT OPHIR SHOULD REACH 80P as "FAIR VALUE"

CRIMINAL TO SELL BELOW THE SAME....

[dunderheed] 07/1/2019 07:38

TSmith probably the square sum of f all buddy.

[tsmith2] 07/1/2019 07:31

How much of the potential market cap/offer valuation was attributable to Fortuna...?could be messy

[gersemi] 07/1/2019 07:25

Is this news designed to scupper the bid?

[likitorma] 07/1/2019 07:22

Wow, 300 million to be impaired. No matter what people say, this is bad and the share price will open down.

[nigelpm] 07/1/2019 06:49

That's precisely why they might go early. Before the results come out and their position becomes known more publicly.

[ohisay] 07/1/2019 06:24

Cant see a bid coming quickly they have plenty to talk about.To have a better i
dea what csrds Ophir have we have to wait until 15th january