Savannah Petroleum Share Discussion Threads

[jnbrw] 18/12/2017 11:04

Good to see keen interest from institutional investors in the placing and today this Bahrain based investment group - always not a bad idea to follow the savvy investors

[honestmarty] 18/12/2017 10:59

Royal Mail have just announced that they have been forced to bring the last day for Xmas post forward by 24 hrs.

Rumours that this is due to a number of postmen injuring themselves carrying enormous sacks stuffed full of placing applications around to Savannah’s offices are entirely just rumours

[honestmarty] 18/12/2017 10:40

It is pretty obvious that further distressed assets are going to be bought in the next few months

[lithological heterogeneities] 18/12/2017 10:36

Still nothing on placing price or under/over subscribed.

[honestmarty] 18/12/2017 10:30

These guys bring real clout, essential for working in faraway places.

[honestmarty] 18/12/2017 10:27

This investment isn’t really about the cash.
The reduction in the placing to 220 million proves that.

No, this is about the strategic partnership

Oh I do love surprises

[honestmarty] 18/12/2017 10:06

Surprise!!!!

[lithological heterogeneities] 18/12/2017 07:28

I was just having a bit of fun and getting my last "still nothing" in. :0)

[buffythebuffoon] 18/12/2017 07:25

lh, the last two RNS announcements have been made at 08:31 and 13:17.

Buffy

[lithological heterogeneities] 18/12/2017 07:16

still nothing.

[diversification] 17/12/2017 17:47

I am excited for this week and the future prospects for this stock. As many have summarised nicely over the last couple of working days, this stock promises to offer significant upside potential, it will stand out from its peers its 2018 that’s for sure.

When you consider its cash balance on completion of the placing and the agreed transaction, the pending news flow, cash generation and broker coverage. I am hopeful of a significant rerating to the proposed new market cap of 375/400m. It’s not to consider the share price itself but the respective market capitalisation that enables us to consider how undervalued this stock will be imo. The rerating to the stock should lead to either a gradual or more likely aggressive revaluation imo.

Name me one other company of SAVP’s size that has managed to undertake such a complicated RTO, on the scale of SE/SAVP? The credentials of this board, contrary to what some disappointed investors might think, is excellent IMO.

Good luck this week everyone, I have forgotten what it felt like to see my portfolio fluctuate in value :-)

[honestmarty] 16/12/2017 12:05

Is anyone planning on going to the general meeting?

[lithological heterogeneities] 16/12/2017 10:33

HonestnmRtyWhere dies all that info come from,oversubscribed,surprise etc ?

[honestmarty] 16/12/2017 09:53

Buffy, you are the woman.
70p! That would be a lovely surprise indeed.

[buffythebuffoon] 16/12/2017 09:29

I find it mildly amusing that a few people are moaning about institutions getting in on the cheap (i.e. 40p-50p) and then stating that the share price will open around this price!

Personally, I would be very surprised if we don’t see a starting price well in excess of this, with a peak price for the day around 70p.

Buffy

[honestmarty] 16/12/2017 07:46

Thanks bushranger.
So hopefully 7am Admission document.
Oversubscribed at 48p
Trading to resume Tuesday
Firm spud date in January.
And a surprise, I like surprises, and it is nearly Xmas after all.

[bushranger] 16/12/2017 04:21

Honestmarty - My take on the 'in the event the deal does not eventuate' is that this is Nigeria after all. I am sure AK believes the deal will definitley go ahead and will be pitching this to the II. Nigeria being Nigeria there is always risk.Even from SAVP side. For example what if SAVP raise the money but then war breaks out? Do they have the option to pull out of the deal at this stage? I think this is just a footnote to cover any eventuality working in Nigeria mightpose rather than something more sinister.

[lithological heterogeneities] 15/12/2017 17:54

Malcy post todayhttp://www.malcysblog.com/2017/12/oil-price-sdx-energy-president-energy-savannah-petroleum-amerisur-resources-sundry-petrofac-iog-finally/Says nothing of interest.

[honestmarty] 15/12/2017 11:16

I'm really struggling on the bit about what happens if Nigeria is abandoned.
The RNS says the money will be used for Niger.


How could any uninvolved corporate sign up for that.

" Rupert Here, Take this 250 million, and sure if that detailed Nigerian plan doesn't happen, just hold on to it and spend it in Niger and a few more holes in the ground, and camels, we like camels, the boss finds those big humps,... arousing"

No, something odd here, I smell a Chinese rat.

[buffythebuffoon] 15/12/2017 10:32

Superb post Zengas.

Buffy

[buffythebuffoon] 15/12/2017 10:26

Mount Teide, the obvious thing to do is operate in the UK, as the chances of red or black are better!

Buffy