Sarantel Share Discussion Threads

[mark knopfler] 14/1/2013 14:46

bidding war ?

I would imagine most parties would wave a white flag once they'd seen the books.

Its a dog, always has been, always will be.

[plunge] 14/1/2013 13:57

Yes - I hope its IP does attract other predators and we end up in a bidding war.

Surely the company's major shareholders should be making contact with other interested parties and not leaving it up to this inept management to determine the way forward.

[broncowarrior] 14/1/2013 13:11

THe IP has to be worth something. the military obviously rate it. So there is some value there. I've always said this would sit better in the portfolio of a much large company.

Having said that, the company isn't under a lot of pressure to pay a premium here given that a) the company is in distress and b) they would have to clear creditors, including the big HSBC loan.

[plunge] 14/1/2013 13:08

Depending on the potential purchaser, I wonder if shareholders will be given a chance of exchanging their current holdings for shares in the new outfit; this may provide us with a much better chance of recouping something out of this shambles.

Anyway, whatever happens, Wither must go.

[wulwirth] 14/1/2013 12:12

No buyer then the fat lady sings..is the bod telling the truth? the million dollar Q.

[wulwirth] 14/1/2013 12:04

Depends if the company tell the truth regarding talks with potential buyers, who knows not looking good, unfortunately the rns has bashed the stock without the usuals dropping by, a big problem in the stockmarket imho!

[broncowarrior] 14/1/2013 11:26

Still hopeful then Wulwirth? I'm resigned to losing a few hundred quid.

[wulwirth] 14/1/2013 10:45

only numtie here is old bun aka woracle...

[broncowarrior] 14/1/2013 10:43

Sorry, misread that originally as was reading on a iphone.

[woracle] 14/1/2013 09:21

Yes Tim says its a 10 bagger from here...numpty.

[plunge] 14/1/2013 09:18

Do not despair fellow investors - Xcap's analyst Tim Freeborn has a 'buy' rating and 1.6 pence target price. LOL.

[woracle] 14/1/2013 08:58

Read note 3.

".. and Sarantel has now entered into exclusive discussions with a potential purchaser of the operating subsidiary"

"If the disposal were to proceed, the disposal proceeds, net of repayment of the Group's liabilities including the outstanding HSBC loan facility in full, would be broadly in line with the current market value of the Group"


The market is saying shareholders not even likely to get last Fridays current value... i guess there is the usual disposal costs to lawyers, advisors, accountants and other blood suckers... The term "broadly" also usually indicates more likely on the downside.

[broncowarrior] 14/1/2013 08:26

Woracle, how do you know that?

[mark knopfler] 14/1/2013 08:22

Potential bottom picking penny share investors should be aware that this bod have never ever failed to disappoint investors.

[woracle] 14/1/2013 07:35

End of the gravy train.. hope shareholders get 0.2p which is the best case really as there is only 1 party in exclusive discussions.

[broncowarrior] 14/1/2013 07:11

See rns today. Looks like a sale or busto. As a holder of some shares fingers crossed for the sale.

[chrisdgb] 10/1/2013 16:19

Looks like some buying volume today..

[chrisdgb] 07/1/2013 08:24

We should try to get things going.....!!

[plunge] 06/1/2013 21:19

I think a takeover and management shake up would be more preferable. Alas, Wither and Co. don't appear to have what it takes.

Similarly, I cannot understand why the major shareholders are not taking a more activist approach.

[broncowarrior] 05/1/2013 18:20

From the last rns the company are struggling because of budget constraints to make the sales pitches they need to. Most likely a large repeat order is the best hope in the next few months.

[lonrho] 04/1/2013 18:58

well the loan is repayable by 31st march and the latest sterling breagh production date, as posted on its web site on 19th December, is April so I guess there is potential for another nibble by Vitol,but if their news release is correct full interim bridge finance should be in place by the end of January. I'm not keen on them increasing debt and would prefer them to sell something as this would reduce overall business risk.

[wbodger] 04/1/2013 18:46

Yes, this has been shockingly badly handled but the share price seems to have bottomed. I don't know if they can wait for good news from Breagh before announcing the finance package.

I calculate the bridging package for $12 million at Libor-plus-1% pa has been arranged for an arrangement fee of shares worth $1.734 million. Not sure there's much need to dilute any more if we can just get cash flowing from Breagh.

Should be formal update next week after the TSX approval is received. Perhaps an update on longer term finance plans, receipt of funds from Cladhan, Exxon. Even something on Breagh. Drilling commitment by Shell for Beverley ...

(Calm down, bodger)

[ed 123] 02/1/2013 18:07

Know what you mean, but the real relief for holders will be if Sterling are still owners of 30% of Breagh when it comes on line, and current Sterling shareholders have not been badly diluted to get to that position.

[wbodger] 02/1/2013 15:58

So it opened higher after resumption, and seems to have gone up a bit on low volume. That's a bit of a relief.