Petroceltic Share Discussion Threads

[onetomany] 26/2/2016 08:33

Spread closed. Will see 5p in the next hour or two. When the board recommend shareholders take the offer than that's the time to buy IMO.

[gerhart] 26/2/2016 08:31

Don't think the MMs will be offering these anywhere near 3p. They know the game and they'll keep a big spread.

I think there will be a counter offer too, but at what price and when? If I was in I would sit tight.

Worldview can't force it through for a very long time yet. Only if the banks weigh in and force the issue, and I think they'll wait for a while longer.

[onetomany] 26/2/2016 08:25

Worth a punt at 3p I think. May get a counter offer at slight premium. Risky though because, as they said, the shares are worth zero.

[rallyman2] 26/2/2016 08:17

remain far apart ......they had to make a offer to keep discussions going , it will be counter offered , let see if it falls below 3p

[rusty9717] 26/2/2016 08:17

Absolutely HK, always the PI that's shafted.
Happy to have got 13p.
I was in at 21p as a little punt. For those left I truly wish it recovers for you.
The board here have been a disgrace.

[offerman] 26/2/2016 08:15

Best thing maybe for existing holders is to sell now and when they get to 3 p buy back in or under that on aim for Algeria hopes.

[swerves1] 26/2/2016 08:15

Yes is awful

[herschel k] 26/2/2016 08:13

Not invested here but isn't this massive market manipulation?Sp 18p Offer 3p As the price plummets offer party hoovers up even cheaper shares and then forces through the buyout?Just a thought......

[sawney] 26/2/2016 08:07

Subject to and following the Offer becoming or being declared wholly unconditional and provided sufficient acceptances have been received, Sunny Hill intends to procure that Petroceltic apply for cancellation of the listing and admission to trading of the Petroceltic Shares on both ESM and AIM.

[seangwhite] 26/2/2016 08:07

Big Brain nearly stopped eating his breakfast after Wee Tom explained the offer to him, but then he ordered more food.GLTA

[hermana3] 26/2/2016 08:06

Thought I heard a tree fall in me back garden.....

[swerves1] 26/2/2016 08:00

Fear a huge drop today!

[hermana3] 26/2/2016 07:59

Jeez am I seeing things?

[oilretire] 26/2/2016 07:57

I would have thought it would have had to be a cheeky paper offer of some sort to tempt existing holders? At least that way there is a chance of staying in the game until AT can be brought on line.......

[oilretire] 26/2/2016 07:48

Seriously taking the P surely?

[fordian] 26/2/2016 07:26

competing offer has to come. Italians would be mad not to at that price

[swerves1] 26/2/2016 07:24

Disastrous for current pi's!

[seangwhite] 26/2/2016 07:24

Big Brain nearly stopped eating his breakfast after being informed of the bid,then manfully he ordered another portion of sausages to help him through the day.Wee Tom nearly spilt his bowl of porridge at reading Degas of the outrageous bid but was reassured when BB carried on eating heartily.GLTA

[sawney] 26/2/2016 07:23

Worldview has been in discussions with the Board of the Company, regarding a potential injection of capital into Petroceltic by Worldview, since October 2015, but has been unable to agree terms with the Petroceltic Board. Since January 2016, these discussions have effectively become tripartite, with the involvement of representatives of the providers of the Senior Bank Facility and, whilst, this has improved the quality and progress of the discussions, the parties remain some way apart.

Consequently, Worldview felt that, in order to protect the Worldview Funds' existing investment in Petroceltic in line with its fiduciary duties, it needed to be in control of the Company and, therefore, it has, via Sunny Hill, made this all cash Offer direct to Petroceltic Shareholders.

Explains a lot.....

[offerman] 26/2/2016 07:14

Blimey! Are they avin a laugh!

[molatovkid] 26/2/2016 07:12

Vultures circling....3p share offer??

[bluebell1] 24/2/2016 12:35

Looks to me like the banks are about to throw in the towel here. This looks like Afren no. 2 now. An announcement could come anytime.

[hermana3] 22/2/2016 09:12

He is nothing if not "The Great Survivor" but we impotent suckers are stuck paying his food and drinks tab!!!!