Salamander Energy Share Discussion Threads

[thegreatgeraldo] 22/5/2014 14:15

Military coup possibly not helping sentiment?

[speedsgh] 22/5/2014 14:10

News leaking? Bad, one would assume?

[wilksey11] 21/5/2014 15:06

was looking at the deal hess done with ptt for the sale of their thai assets which they got in and around 1 billion dollars i think they were only oil producing and it was doing 17000 barrels a day so could we be worth more than that as we have a simular amount of oil plus the gas just a thought..

[specul82] 19/5/2014 16:17

Patience is a virtue As it is my birthday today I was rather hoping for an offer of 2.10 from ptt Wishful thinking I guess I imagine that if we are still without an offer come Thursday we will see some nerves kicking in and a drop in the price back to 1.38 I assume there is a lot of work going on in the background to realise the potential of the value of the company Good luck all And to ptt tomorrow would be good as it's my friends birthday and I managed to get to invest when this was 1.10Good luck all

[speedsgh] 16/5/2014 12:56

Bearing in mind the wider markets I think we should be grateful at this time for "absolutely no reaction". It's silly season :o)

[nigelpm] 16/5/2014 09:51

Absolutely no reaction from the share price barring a couple of pence. Odd.

[guy_fawkes] 16/5/2014 08:36

Salamander Energy is reportedly close to sealing a deal to sell itself for up to £2 a share, with Thai oil giant PTT

hxxp://www.scoop.it/t/aim-market-gossip

[guy_fawkes] 16/5/2014 08:33

hxxp://www.smallcapnetwork.com/stocktalk/s/via/34672/

[wilksey11] 16/5/2014 08:00

good news if correct but does fit as ptt were the buyers of hess a couple of months ago i think for 1 billion dollars

[cwa1] 16/5/2014 07:47

Thanks for that, Very brief with not much detail but interesting anyway. Does anyone here know the credibility of this site, where the information has come from, or indeed, if is it just complete guesswork or speculation?

[tommytipple1] 16/5/2014 05:18

The Asia-focused Salamander Energy is reportedly close to sealing a deal to sell itself for up to £2 a share, with Thai oil giant PTT named as a front- runner.
16 May 2014 05:15:56

[gray1107] 15/5/2014 09:25

Post-AGM, it was on the 28th last year.

[wilksey11] 15/5/2014 07:49

i notice after the bell their was a notice Salamander Energy Deferred Equity Plan (the "Plan") by 900,000 ordinary shares of 10p each in the Company, to trade on the London Stock Exchange and to be admitted to the Official List.is that a coincidence that we are up for sale and they are getting in now before the price rise, all am i reading to much into it.

[pineapple1] 09/5/2014 13:19

Exactly what i,ve been saying.Its delusional to think some of the prices of £2++++ expected that are quoted here. £1.55 is my guess and i reckon large holders will accept as this has been a total dog for yrs.
imho

[wilksey11] 09/5/2014 08:23

i,m not sure i would take any notice of what brokers write all say any more take a look at broker recommendations barclays 130p hsbc 242p how can they be so far apart their all looking at the same information,

[woody33] 08/5/2014 20:53

Thanks guys. It looks to me as though the majority of the takeover premium is already in the price so something between 140 and 180 looks likely, probably toward the lower end unfortunately :(

[dukedosh] 08/5/2014 19:27

@woody33

This extract courtesy of FT Alphaville Live Markets 01.5.2014:

Canaccord to take the story on.

Salamander announces that it has been considering a sale of core assets (Bualuang oilfield offshore Thailand and Kerendan gas field onshore Indonesia) and has received preliminary and conditional expressions of interest for all or part of its interests, plus a small number of preliminary approaches for the company. A formal sales process will now commence.

Our risked Central NAV (value of discovered resources at a 10% discount rate) stands at 140p/sh. With the stock trading at 134p/sh at the close, it appears a buyer may have to pay a premium to our NAV at a 10% discount rate to secure a deal. Running our NAV at a 7% discount rate our Central NAV would rise to 176p/sh. This might be a more reasonable estimate of potential upside for an acquirer with a lower cost of capital.
On an unrisked basis (incorporating unrisked value for discoveries under appraisal, including a discovery offshore Indonesia that might not be developed), this rises to 203p/sh at a 10% discount rate – we view this as a rather speculative measure.
Yesterday's Heritage deal was a 25% premium to the close and a 35% premium to
the 3-month VWAP. A 25% premium to the close for Salamander would equate to
167p/sh, however, Salamander's 3-month VWAP stands at 105p/sh and a 35%
premium to this would be 142p/sh. Salamander has risen by some 28% over the last
1.5 weeks.
We note that M&A activity in the E&P sector has risen sharply over recent weeks,
providing broad support to the sector. We would highlight Eland & Afren (Nigeria), Ithaca, Faroe and Enquest (UK North Sea) Tullow and Premier as companies likely to continue to benefit from this recent increase in M&A activity.

Salamander trades at 96% of our 140p/sh Central NAV at a 10% discount rate, a
premium to the sector at 84%. If we were to use a 7% discount rate Salamander
would be trading at 76% of our Central NAV (which would rise to 176p/sh).

And Deutsche Bank .......

Thematically this fits with a recent trend of corporate activity in the
E&P sector aimed at cash-generative producing assets with a lower-risk
growth profile. In our view, given Salamander's high equity in Bualuang and
Kerendan and the capital investment that lies ahead, reducing exposure and
accelerating value makes strategic sense. We believe asset disposal
discussions may have acted as an overture for discussions around a wider
corporate deal. In our NAV, Bualuang represents c. 140p of asset value while
Kerendan represents c. 45p. Our total risked NAV which includes exploration is
185p. We estimate Salamander trades at 3.0x 2014 EV/DACF, $12/boe (EV/2P)
and $4/boe (EV/2P+2C).

[wilksey11] 08/5/2014 15:39

woody33 no but i would like to think the one that HSBC put out on the 1st april would be the one 242p

[woody33] 08/5/2014 14:43

Has anyone seen any broker notes with a potential buy out target price?

[specul82] 07/5/2014 14:46

Wilksey 11 Good link I am sure the word on the street will spread quickly a few investors will feel as they have missed out as we have already seen a price rise of around 40% however this share has been really undervalued and as the link states we should hopefully see at least another 30% rise Let's face it where else will you get such a rise in a few weeks I do think though that this is still excellent value to the potential new owners I hope the longer term holders here can make there money back as the share price has collapsed over the past few years, the best outcome for them I reckon would be a rival bid which could see £2.80 a share being offered Fingers crossed

[ed 123] 07/5/2014 11:54

wilksey11.

I should think the Board were even more guarded than usual, due to the Company being in an offer period.

The good news for those who didn't attend is that the Board followed their normal practice of providing a link to the AGM presentation.



Obviously it's based on the agm update, but nice to see that information dressed with coloured images.

[wilksey11] 07/5/2014 11:28

surprised no comments were left ed123 regarding agm some body must have gone must be top secret

[ed 123] 06/5/2014 20:52

No comment???

..... well, at least how were the tea and biscuits?

[ed 123] 06/5/2014 15:50

Any kind person willing to provide feedback from the agm?