San Leon Energy Share Discussion Threads

[o1lman] 21/12/2016 13:04

it's a dangerous strategy trading bid rumours, I hope everyone who has traded makes barrow loads of money.

[o1lman] 21/12/2016 12:57

as a non holder I hope the bid goes thru, if u don't understand why u haven't been paying attention, I even avoided using long words so would understand but it appears I have confused u yet again, u can't say I don't try to help u with your problem.

[doerx2] 21/12/2016 12:55

80p is pants for the assets

[phoebusav] 21/12/2016 12:52

Folks not cottoned on yet. Only about £125K gone in so far since news. Should roar on RNS. Will they be forced to put one out early?

[o1lman] 21/12/2016 12:49

TOSCA would clear £80 mill plus on the latest placing, a good return for a few months work, so I guess they would say yes.

[csjcsl2] 21/12/2016 12:45

80p bid offer sky news, management will except i would guess

[runwaypaul] 21/12/2016 12:41

personally doubt these b offers that get touted.they rarely actually happen.
chance for insiders to offload stock imo but gl

[o1lman] 21/12/2016 12:40

it's a win, win for me, either they get taken over or a lot more investors learn how dangerous it is too trade SLE.
I hope the bid succeeds and the directors can cash in all their options granted a few months ago and have a caviar and champagne xmas.

[uncle john] 21/12/2016 12:36

Selftrade now want 57p

[o1lman] 21/12/2016 12:33

By Mark Kleinman, City Editor

A little-known Chinese group has emerged as the mystery party behind a £485m takeover bid for San Leon Energy, a London-listed oil explorer.

Sky News understands that Geron Energy Investment lodged an 80p-a-share indicative offer for San Leon in recent weeks.

Talks about the bid from Geron Energy are ongoing, prompting a statement on Monday from the board of San Leon which confirmed that it had "received an approach from a possible offeror, which may or may not lead to an offer being made for San Leon".

The interest from the Chinese bidders came months after San Leon raised money through a share placing at 45p, slightly below the level at which the shares were trading on Wednesday.

Investors in San Leon would welcome a bid at the indicative level of 80p, given that it is at a substantial premium to a share price which has already risen by 45% this year.

San Leon's operations are focused on oil and gas development in Africa and Europe, including a near-10% stake in a major oil-producing asset in Nigeria.

Earlier this year, the company announced the appointment of Mutiu Sunmonu, the former head of Shell Nigeria, as its new non-executive chairman.

San Leon said the completion of the Nigerian deal will result in it returning 50% of free cashflow to investors over the next five years, with sources previously suggesting this distribution policy could involve as much as $260m (£200m) being handed over in the form of dividends and a share buyback.

Headquartered in Ireland, it also has operations in Albania, France, Morocco, Poland and Spain.

A San Leon spokesman declined to comment on Wednesday.

............

tks to tony for the heads up

[o1lman] 21/12/2016 12:31

some AT trader thinks the take over is real, lovely jubbly, I hope is correct.

[tonysss13] 21/12/2016 12:30

80p according to Sky

Sky News understands that Geron Energy Investment lodged an 80p-a-share indicative offer for San Leon in recent weeks.


hxxp://news.sky.com/story/chinese-bidder-behind-163485m-bid-for-san-leon-energy-10704010

[o1lman] 21/12/2016 12:28

Richard Cranium, is my suggestion.

[witheco] 21/12/2016 12:25

Kneads Nil. (Anag.)As in he has been kneading about san leon promising to deliver fek all with his fingers and texts for almost a decade.

[triple seven] 21/12/2016 12:25

Same troll arrives on time again. Who you working for?No one spends 24/7 watching and texting on a share you have no holding inUnless you have completely lost the plot

[o1lman] 21/12/2016 12:19

how about pspeedo, I forgot just for a moment, he's already using that or dandeman 100 as he's used that.
I understand why he doesn't want the company to be taken over, what on earth will he do all day and most of the night.
if the company ges taken over, I can recommend another AIM oiler where u should be able to lose the remaining pittance u will receive but look on the bright side u should be able to post on the boards until u do.

[witheco] 21/12/2016 12:17

Maybe we should hold a competition. What should linksdeans next name be? These are some he's already used..Iinksdean1inksdeanSerendippy Banjo57Linksdean2Triple7 L1nksdeanLinksdean1 Smithy 91

[o1lman] 21/12/2016 12:05

the question remains where is sl1nky ?

[o1lman] 21/12/2016 12:05

well done badger, some posters thinks it's an achievement to have held the shares whilst the company posted a 218 million loss, they clearly don't realise it's 218 million of shareholders money gone to money heaven.

[badger60] 21/12/2016 11:44

The best trade I did was to cut my losses here nearly 2 years ago.

[o1lman] 21/12/2016 11:25

crikey u are one screwed up person, u really should seek help as it's not normal behaviour even if u consider it is normal.
try telling the truth just for once, u might even get to like it.

[o1lman] 21/12/2016 11:16

I only post as CT or o1lman, the rest is just a figment of your warped imagination.