Ophir Energy Share Discussion Threads

[nigelpm] 14/2/2019 21:06

Sandgrove are buying for a reason. It won’t be because they think Medco walks. Talk sense

oh dear - you've missed the point by a universe.

[spacedust] 14/2/2019 17:25

Any possibility sand could buying for medco?

[rogen83] 14/2/2019 17:06

Sandgrove are buying for a reason. It won’t be because they think Medco walks. Talk sense

[spacedust] 14/2/2019 16:49

Sand 17% plus. Hsbc 15% plus. That's a third of the company. 70p

[arteespresso] 14/2/2019 16:26

I don't think they'll be buying on a 'bet ' or a 'hunch'. That is what naive PI's do!!!

[nigelpm] 14/2/2019 15:48

Medco walk IMHO. Sandgrove betting that someone else comes along - they might miscalculate and share price plunges back to 40p.

[arteespresso] 14/2/2019 15:22

Well I think it's fair to say this will not go through at 55p. Either Medco or bidder y increase their offer, or Medco walk.

[prefab] 14/2/2019 14:54

Sandgrove pick up another 10 million

[arteespresso] 14/2/2019 13:09

The way I see it, there are in all likelihood 3 options. 1) It goes through at 55p. 2) Someone else will come in and make an offer of slightly more, things going on in the background now. 3) Does not get the major shareholders backing, Medco either up their offer to say 60p or they walk!! If they walk, then I think there is the support at this price, and given what we have with given cash flow/production/assets/debt, I think this is a bargain compared to its piers

[prefab] 14/2/2019 10:51

No Raylee, there's been a recommended offer they haven't even called a GM yet. I suspect Medco don't have the support they need to push it through @ 55p. What they'll do from here is another matter.

DYOR etc

[spacedust] 14/2/2019 08:46

You can sell now over 55p. Soon will be 70p which is 30%. Tlw needs to be closer to 300p for such a return although tlw is less risk and they have started divi

[romeike] 14/2/2019 08:42

Yes thanks, took over 40k on tlw today.

[rayleee] 14/2/2019 08:39

I thought the sale had already been agreed? This is confusing

[nigelpm] 13/2/2019 18:30

All depends on what the holders want. They might decide fair value is 70p and hold out for that. Medco could say thanks but no thanks and walk away. This is likely to get quite interesting.

[prefab] 13/2/2019 18:00

Sandgroves lowest buy price has been £0.5395 the overwhelming majority of their trades have been made around or higher than £0.545 with almost 16% of the company and now the companys largest shareholder I don't think they're in for <£1m profit at best. Are they aware of another possible offer, acting for another party, hoping to force more out of Medco or are we about to see a boardroom coup.

[rogen83] 13/2/2019 17:01

If the holders want an extra 5p they won’t walk away. The amount is inconsequential to Medco in the grand scheme of things

[nigelpm] 13/2/2019 16:20

Equal chance of them walking away I'd say.

[spacedust] 13/2/2019 16:16

This will shoot pass 60p on any sniff. Sand hold 15% plus adding more. Hsbc hold 11%

Others holding large amounts

[rayrac] 13/2/2019 16:14

Still feeling ok romeike?!

[prefab] 13/2/2019 16:13

What are Sandgrove up to? holding over 15% now and now trading a little over the offer. Are we about to see a counter offer?

[nigelpm] 13/2/2019 16:08

Very interesting - now above offer price.

Back to Medco now - they either offer more or walk away.

Hoping the latter.

[spacedust] 13/2/2019 15:37

Will be sold well above 55p.

[spacedust] 13/2/2019 10:48

Multi millions still being night at 55p. Why would they ?