Sdx Energy Takeover Rumours (SDX)

The takeover gm over 1 year ago only 41% voted so i dont think all the ii's will vote this time. 10m shares from pi's will do it...

A failed arb play on the takeover. Such things happen. Many many of them do - Rev bars another shining light of failure!

Littlened in 12 months how will SDX pay back Aleph. Doesnt matter they in takeover code mode, assets are secured against loan, they cant pay they take it.They should look to sell up and try to give shareholders 2p a share.

They might do what HUM did and offer a takeover price before of after the GM vote Maybe 1.5p?? There is no indication on the circular that they have anywhere near the support needed

They cannot dilute due to takeover rules.They have personally assured me that this won’t happen as it would not help the company.They are looking for partners to fund drilling in Morocco as farm in,and probably for solar gas pipe too.Cash raising via dilution could not do this

No they cant,The takeover code lasts until 2027 and there is quite a diverse shareholder list which would not allow any other group try anything malign.They all want SDX to succeed and being private increase the chances.82 of 100 largest companies in the world are private so the model works. Being private wont stop you, or any shareholder going to BOD and asking questions.I have been assured of this and trust them

Takeover code lasts until 2027 ,no take over by Aleph !

protection from what. The takeover code? I know that, but that's not my primary concern. Once its delisted, transparency is much weaker and whatever they say about matched services, they are always tilted to the sell side. As you probably know.

I am no lawyer but it seems that in a private company there is no mechanism for even a majority shareholder,ie over 50% to force other shareholders to sell against their will.So no takeover by Aleph or anyone else

At the current price must be a takeover target so so so cheap

Rumours sugges that AP of Chariot was looking to takeover sdx. Duncan Worthless and his team of water diviners would run the Morocco gas business. Could this going private malarkey be an enabler for that?

roman2325 You obviously have no idea how the Takeover code works, stop spreading at best ill-informed ignorance or at worse lies and let people on here make as informed and logical investment decisions as they can given the information available to them.

winnet This is about delisting from AIM which must be costing about £400k a year. If you read all of the RNS and not just the first 6 lines, you would have noted" Funding options: The majority of the potential investors the Company has recently engaged with have expressed a preference to invest in the Company if the Ordinary Shares were not traded on AIM. Therefore, the Board believes that the Company has a greater chance of raising equity and/or debt financing from investors as an unlisted company than as a publicly traded company." The Takeover Code last for another 2 years so any holder of 30% needs to make a full offer. As it also says" In reaching this conclusion, the Board has consulted certain Shareholders and has considered the following key factors amongst others" Do you think they will vote against?

Neo you are full of nonsequiturs.There are other big shareholders other than Aleph who have nowhere near enough to take control.The Takeover code lasts until 2027 so no opportunity for 'taking it all ' Aleph have just made a further loan for another year .What we do need though is an operational update

Only Ned bother so show up, the large investors hav written off their investment. Its almost criminal aleph blocked takeover at 10p.

No, still no clearer Roman. Aelph are a major shareholder, so they are not going to want to see their investment turn into zero. Hence their flexibility - i.e. the extensions they have afforded us. It is likely there is one of 3 scenarios at play here: 1. SD is sold and there is either a small loan to be negotiated. OR 2. There is a large capex project in the works that requires more money. So a larger loan is to be negotiated. 3. There is a takeover coming in from the SD buyer, who will swallow the whole company rather than pay $10m USD for just SD. In the case of the second option, there would have to be considerable disclosure relating to the project economics to get approval. It would make no sense otherwise and would not be voted for... The line "at the request of the company" is significant

The loan is being extended for a year so lots of water under the bridge by then.In any case Aleph are also shareholders so insolvency is not in their interests and they cant take more than 15% on conversion due to takeover rules.

How do we know they not working woth aleph to get the required votes. Once this vote is agreed, aleph call the shots.Just like they forced the two accountants to reject takeover deal...

There has to be a substantive reason to delay the AGM. They haven't even set a date. Why would you postpone it without a date? I have a feeling the end is coming for SDX. Someone on LSE board has been saying 3p takeover by Aelph. That would require shareholder consent and as has been said multiple times before, there's not enough turkeys that would vote for christmas, so its a non starter at 3p. What the board could do is issue them loads of equity in a punitive dilution that would not require shareholder consent... However, thinking out loud, why would they need the cash if SD completes. Unless, SD has gone tits up, then we're up the swanny... If SD completes they will be left with ample cash assuming we know it 75% of Market Cap at 4p... So say 10 million. Even after the snouts have had their fill and we've paid these ridiculous management salaries they'll still have several million left over. Those are my current musings...