Premier Oil Takeover Rumours (PMO)


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Premier Oil Takeover Price

Premier Oil Takeover Forum Posts

I'd give up for a while csmwssk12hu nothing much will happen until the takeover is sorted.
Pmo up oil up oh and Fccn takeover what a glorious day
Is the price being held due to an anticipated reverse takeover? Who will gain most?
Simeon care to explain one year ago these were touching 120 per share, now they are 20p a share. One year ago oil was the same price but it was falling in price, now it is rising. One year ago the world was just starting to face COVID-19, now it has vaccines and is fighting back. Why are these still only 20p, they should be back to where they were or not far off it, I know debt and takeover come into play but it’s still like these are being deliberately held back, I note Goldman Sachs have acquired over 6% stake lately, they only buy in when they know it’s way to cheap imho dyor
Whites, The shorts are up again mate. When is the short squeeze you have been promising going to happen? Do you think you called that wrong and perhaps the shorts will be closed with the billions of shares the company will issue to complete the reverse takeover? £1+ by year end folks, not my words but Whites'. Night all.
Takeover price is 31p (5% of new company), if they have renegotiated and now got say 10% of company for existing shareholders would be 62p value, it is clear by the sp shareholders don’t like the existing offer. Chryasor need the sp to hold up that’s the whole idea of the takeover for a ftse 100 listing, for the sake of 200m they may get an extra 2bn on their valuation
Not until the deal goes thru. PMO have great assets, but are over a barrel to the banks. The takeover solves that problem instantly, but it is Harbour that will gain the most. I don't understand why PMO directors took such a big gamble, dangling the entire company over a cliff on the thread of $40 oil. I hope the top PMO men don't get golden parachutes or cushy jobs at harbour.
So, still no news on whether the company has got 75% of the creditors to support the merger and to take an unknown hit in the process? One more day for the company to campaign for votes in what is a poor deal for all stakeholders but probably the best an insolvent business could hope for given the current global economic circumstances. Will the support letter be terminated, and with it the reverse takeover, if the requisite number of creditors don't agree to the haircut by close of play tomorrow or will there be an extension to the deadline followed by the stable platform agreement being pushed out a few more weeks? I honestly hope you get an early RNS stating that over 75% of creditors have signed up to the letter of support tomorrow as God knows you have been put through enough. Good luck.
not confused at allacrm just one piece of the puzzlehave thought pmo going bust for two years, long before i heard of acrmshareholders had multiple opportunities to get outwhy did they hold whenwuhan locked downthe world locked downacrm short became publicpmo decided they were going forward with bp purchaseacting on any these events would have seen shareholders walking away with 5 times todays spso stop trying to blame it on everyone elsenow they are hoping for 50% gain after takeoverthere was a much easier way to lock in a gain like that
So you don't think a none disclosed 16% short is not a manipulation of a share price when anything above 5% should be made public? End of the day they were the lender's who manipulated the share price so it would go bust for personal gain? It's been a massive coverup since they got found out; Durrant rolled over and had is obese belly tickled and will be awarded a massive pay out for mega failure. So your saying thats right? Confused? As for Enquest, not so sure, PMO and TLW were manipulated down together to around the same share price when both companies have very different problems; not related. It is as if the same shorter was manipulated both share prices down for a very very very cheap takeover.
Just shows why PMO was manipulated down to these shocking levels to allow a cheap takeover, sadly TLW has been manipulated lower for the same reason IMHO. Time will tell. At least you get rid of that all time prat; Lard ass Durrant, he is the biggest disaster since Humpty Dumpty fell off the wall. Wish all the best to PMO shareholders and that wealth is distributed to all long time investors.
At the beginning of July 2020 there was chatter about Apache mounting a takeover of Premier – the FT ran a story on it. Interesting that Mr Farris of Apache is on the Board of Harbour Energy, so the prospective merger announced today is likely to have had a long gestation. It was just a matter of timing, as PMO was a dead duck.
Saturday September 19 2020, 8.00 pm , The Times Canaccord Genuity reveal their top takeover targets
Fund giant closes in on takeover Sam Chambers, Retail Correspondent Sunday September 13 2020, 12.01am, The Sunday Times
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