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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Riverstone Energy Limited | RSE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.00 | -0.22% | 912.00 | 16:29:45 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 912.00 | 912.00 | 912.00 | 912.00 | 914.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 12/4/2024 10:58 by bitgold Only 35% got tendered. You got more because you're held in a nominee account and other investors decided not to participate, which is lost money for them and a big gain for you. I immediately bought back my original holding at £9 and pocketed the difference. |
Posted at 12/4/2024 10:56 by bitgold With hargreaves Lansdown I got 90% tendered, so many investors clearly didn't participate, which is lost money. Questor in the Telegraph was happily telling investors to tender just the 35%. i wonder if he did the same...? |
Posted at 06/4/2024 10:32 by kenmitch Yes. That’s because I tendered my entire holding. The 35% (or whatever the exact figure was) was guaranteed to be tendered. But investors could choose to tender for more than that. How many extra shares investors then got depended on the level of the take up. So a lot did not take up the tender offer…..despitInvestors who want to are free now to buy back the shares they successfully tendered for around £9 and pocket the profit. |
Posted at 28/3/2024 09:22 by jaf111 From Questor a week ago…….It also means a “material̶ Mr Carthew said if the tender offer is taken up in full, Riverstone’s NAV will rise by 113p to £13.66 a share because of the boost from buying its shares cheaply. “Shareholders need to weigh up their need for liquidity against this loss of potential long-term value – and this is very much an individual decision,” he said. |
Posted at 13/7/2023 10:28 by the millipede To be honest, some of these investments are/were very speculative and there is always a chance of failure.This news isn’t really about the investment but about whether investors understood the risks they were taking. Share price fall seems overdone to me. Anuvia was a very small part of overall NAV. |
Posted at 31/5/2022 09:26 by spooky Think you will find RSE were the lead investor in an $80m fundraising. They did not invest $80m. |
Posted at 18/5/2022 12:46 by nimbo1 I was looking at this trust as an investment but won't be making one now - its crazy they've invested $80 million of the trusts money on behalf of investors in that high risk motor electrification project. 99.9% of these types of things fail. V high risk in my opinion and money would have been far better spent on buybacks. Of course now I've said this the venture will change the world. |
Posted at 09/2/2022 18:38 by cousinit I did manage to sell a chunk at about 570 when it popped on Tuesday morning last week (bought back since when it subsided a bit).Other alternative is if it goes into run-off in such a way to reduce the management fees and the termination cost (especially as cornerstone investors look to have sold down recently?) but not sensing that's on the cards at this point. That would also hinge on the asset values being realistic! |
Posted at 02/2/2022 01:00 by apollocreed1 @HugePants - Thanks for that calculation. I was searching the RNS for that figure and thought it was strange they didn't highlight NAV per share which is the main statistic that investors want to see. |
Posted at 23/4/2020 08:25 by spectoacc $135m of undrawn commitments tho (not expecting all to be drawn).Results to only 31st Dec could be largely ignored. I was trying to make sense of: "the Board expects a Discontinuation Resolution Vote EGM to take place in Q4 2020, as defined in the Prospectuses and Investment Management Agreement. For the vote to pass, it requires 75 per cent. of the votes cast in favour. The Investment Manager and Cornerstone Investors have 8.35 per cent. and 40.4 per cent., respectively, of the votes and can block approval. However, if the vote is passed, both the Investment Manager and Cornerstone Investors would share (83 per cent. / 17 per cent.) in the exit fee of twenty times the most recent quarterly Management Fee plus accrued performance fees, if any. If the Discontinuation Resolution Vote is not passed, the Investment Management Agreement will continue in perpetuity. However, both the Board and Shareholders aggregating 10 per cent. of the vote will still be able to call for an EGM to vote on a wind-up (75 per cent. of the votes cast in favour required) or a run-off (50 per cent. of the votes cast in favour required). In March 2020, the Investment Manager contacted one of the Cornerstone Investors regarding its voting intentions in respect of the Discontinuation Resolution, but did not receive a firm indication. No Cornerstone Investor has yet expressed how it would intend to vote on the Discontinuation Resolution Vote. As the direction of the EGM vote is not known at this time, there is a material uncertainty. The Board and Investment Manager remain highly focussed on working for our Shareholders, and I look forward to providing you with additional updates on progress over the course of the year." 20x the fee on wind-up?? |
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