Serica Energy Takeover Rumours (SQZ)


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Serica Energy Takeover Price

Serica Energy Takeover Forum Posts

AT LAST!!!! and just to clarify..............I always seem to have AIM stocks that go down on any good news so my excited statement is based on some good news for me on an AIM stock when compared with the disasters of the past I have endured....AFR, VOG, BLVN, SEY, GKP to name a few out of a catalogue of useless oilers. I am heavily into HUR too which "could" be monumental but much riskier at the moment. SQZ takeover of HUR (hardly I know) now there's a lovely thought.
Is not RRE suspended pending publication of a prospectus and egm to approve the reverse takeover?RRE won't reopen at eight quid, will it.Think on, gents.
Thanks Steel. Echoing everyone else on the positive confident tone. I did note he also said that it takes 5 to 6 months after an asset takeover for the market to reflect in the share price the realities of the improvements in production and efficiency deliveries. So, maybe a Rns update next month can move things on in that regard too.
I just hope this doesn't go the same way as Faroe. Be a shame if it doesn't realise its full potential before a takeover occurs
Given the current takeover battle taking place at Faroe Petroleum, will a bid for Serica Energy be tabled during the next 12 months? I think that a bid will be forthcoming if the share price stays at these current levels, what do others think?
But the effective date for the takeover was 1st Jan, today was the completion date.
But it’s not our tax. It’s notional because before the selling company’s financial year is over they can’t actually calculate what the attributable tax actually was...Basically BP etc will be paying taxes on these income streams; which they are notionally calculating and then deducting before giving us our cash. I had understood this not to be necessary as technically BP etc haven’t earned that income this year - we have. But it looks like for this year prior to the reverse takeover date; the taxes are attributable to the original organisation.I don’t expect this to be the case from this point forward; as the cash comes to us directly and is taxed as such (after our payments back to BP etc)
May not be able to trade SQZ on 30 Nov unless relisting is immediate... (see RNS) As the BKR Acquisition constitutes a reverse takeover under the AIM Rules, admission of the Ordinary Shares will be cancelled on completion of the BKR Acquisition ("Completion") expected on 30 November 2018. Application will be made for 264,757,819 Ordinary Shares to be re-admitted to trading on AIM on or around 30 November 2018.
Lord Gnome - no, my post is/was in broad agreement with what you wrote. I don't see it as feasible at all that Serica can get a FTSE listing - especially while under AIM rules for the reverse takeover. My point about listing on other exchanges is that at one point, Serica were dual listed in Toronto as well as AIM in London - they voluntarily delisted in 2015 to both save money and streamline their brokerage efforts. My question therefore is whether Serica would countenance a return to TSX or another foreign exchange to make themselves more marketable?
Some folks on the other board are convinced that Serica will make a move to the FTSE index once the BKR deal completes. However, reading the admission document, it appears that AIM Rule 18 & 19 specifies the generation of 3 reports, June 2019, Sept 2019 and June 2020.My initial thought would be that if Serica have to provide these reports as a result of the reverse takeover, they can't very well leave AIM while under the auspices of its rules, can they?I do however recall that we were listed on the Toronto stock exchange for a while. Is a listing on another exchange a feasible outcome to attract investors?
It mentioned a reverse takeover??
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