Ophir Energy Share Discussion Threads

[jotoha2] 12/1/2019 11:03

Chestnut , matron is looking for you , 21p and I will send you a crate of Boli , it's worth 80 pence and JPM never gets it wrong !!

[arteespresso] 12/1/2019 10:58

''If Medco pull out, the share price will go to 21p????!'' Are you for real? No one knows what it will go to, but I can tell from that comment, you are just s stirrer. A baseless comment, like many on here.

[arteespresso] 12/1/2019 10:56

So you haven't answered the question? From memory you were/are a shareholder of SQZ. It doesn't matter if they were at 3p and someone offered 4.5p, just because the offer is at a better price, dies that mean shareholders should be grateful? Yes, Ophir have wasted billions, but that is irrelevant to its current value and share price.Your comparison to Flybe is completely pointless, and I'm afraid you've completely missed the point; Flybe are loss making, in a sector where they will go bankrupt unless the restructure and gain serious financing or are bought out. Ophir are not a basket case, will be debt free soon and have free cash flow for the next x years.

[ammu12] 12/1/2019 10:37

Lmao Chestnut. You need help

[chestnuts] 12/1/2019 10:28

If you think as a shareholder you have been hard done to go look at Flybee they were under offer and it made triangle at mid 16p the offer came in at 1p

[chestnuts] 12/1/2019 10:26

Art

If medco pull out the share price will most likely go down to around 21p ish

[chestnuts] 12/1/2019 10:25

art

Sqz went down to 2.75p now if some one offered 4p its a lot better than 2.75p, lets face it the management at ophr have got to be some of the worst management ever in a oil company spending a billion $ and having nothing to show for it, the shareholders should have kicked them out yrs ago, so its really there own doing.

[madmonkflin] 12/1/2019 10:11

poo has dropped so theyre going to try it on. they bought indonesian assets for $9 so plenty of margin

[chestnuts] 12/1/2019 10:07

Mad

Well at the moment you can buy any amount for 45p, and last week you could have bought them for 33p , so thats what the market values the company at. Its only worth more if some one will pay and it doesnt look like there is any one else knocking at the door.

[madmonkflin] 12/1/2019 10:03

Because it's worth more you doughnut.

[chestnuts] 12/1/2019 09:19

Last week they were selling the shares for 33p now some one is trying to buy all of them for 48p so why are you share holders complaining for now if Medco pull out the share price could slip down to 21p which one would you rather have,

[ed 123] 12/1/2019 09:05

Article in The Times today.

hxxps://www.thetimes.co.uk/edition/business/medco-energi-offer-for-ophir-energy-has-shrunk-as-oil-slides-hfd930bvt

[jrr774] 12/1/2019 01:27

So was OPHR releasing the declining offer amounts a message to Medco to stop taking the pi$$?

[valuehunter1] 11/1/2019 23:27

My purchases today should be coming good - I did say I'll school these market makers this week, thanks for the drop to 42-43p this afternoon.

[valuehunter1] 11/1/2019 23:25

Can someone explain why Medco have disclosed form 8 declaring no shares held after market closed today? Is this tidying up loose ends before formal offer in on Monday morning?

[ed 123] 11/1/2019 20:47

"Medco considering £340 million offer ..."

[ammu12] 11/1/2019 19:36

Massive after hour trades

[ammu12] 11/1/2019 19:33

Tuesday update is really important. Medco would want to have a firm offer before that

[yellowdog] 11/1/2019 19:12

yep. I'd take 58p

[wbodger] 11/1/2019 18:57

#5623 Sadly so. I should have posted it earlier.

A blocking stake might have cost 100 million pounds, when the share price was 32p. That would have put a 43 pence floor down (at the cost of some upside) and bought time. DNO's final price for FPM was 28% higher than their original tender - to bring the FPM analogy here, if a tender offer of 43 pence had achieved 30%, then a subsequent offer 28% higher (55 pence) might have sailed through.

It looks as if Medco will table their offer on Monday. They have trailed 48.5 pence which looks very low and deserves to be rejected. (Using my model it should only get 33-40% and they would need a significant bump to get that to 50%.)

It will depend on instis as usual.

[general george] 11/1/2019 18:56

That's a shame. A bit of a stake would have shown they are deadly serious.

As you say let the games begin.
Personally I think 53.8p would get alot of acceptance.

[nigelpm] 11/1/2019 18:00

Medco at 0% - confirmed by RNS - let the fun and games begin.

There's no way they can manage to do what DNO did as they've already shown their hand.