Sibir Energy Share Discussion Threads

[coco] 02/2/2009 10:33

Bennfield own the shares mr t only owns 50% of bennfield if the banks forclose on mr T then they only have control of 50% of bennfield. 50% is worth what anyone is prepaired to pay, Igor could get the other 50% on the cheap if no one else bids more, Ie Sibir, moscow could pay more and buy the shares or there could be an auction to highest bidder for 50% of bennfield - not Sibir. if Igor doesnt want to liquidate the holding it wont be liquidated - for 23% of Sibir at this price dont stand in the way of the stampede

This is a game of cat and mouse if you look at the timing of the announcement on friday - it says it all.

Regards Coco

[symphonie des grauen] 02/2/2009 10:07

coco

pls elaborate

[squintyflinty] 02/2/2009 10:03

Sibir are currently producing in excess of 81,000 b.o.p.d.If these were taken over it would not be less than £3.50 per share.In light of the recent announcement,not to get involved in the property market ,these are obscenely undervalued!!!!

[coco] 02/2/2009 09:33

Food for thought - Mr T does not hold the shares in Sibir bennfield does - think about it.

[need_2_b_brave] 02/2/2009 09:29

this drop is way overdone, with the current good news

[bethany3] 02/2/2009 09:27

Unless Mr T's finances improve his stake part/whole would have to be sold to a 'friend' of Russia - foreign party just would not do hence might not be at a fair price. Mr Cameroon, and especially Mr T, made a massive calculated error of judgement by not seeking their approval first before the egm imho.

[leotex] 02/2/2009 09:26

So would Mr T be selling already? Does anyone know how desperate Mr T is for the cash, and if he is so desperate that he would start selling in the open market.

[miamisteve] 02/2/2009 09:26

The problem for Mr T. is that his Sibir stake is worth around $150m, which doesn't cover is real estate liabilities.

My suspicion is that they will bail him out with some form of loan next week.

[squintyflinty] 02/2/2009 08:28

So red opening it was.

[symphonie des grauen] 02/2/2009 07:40

it would be far simpler to say 'ask me a question i can answer with confidence' but in the spirit of the moment i shall put my best foot forward and say 'the price will open up with confident buying from the offset'

[leeson31] 02/2/2009 07:35

actually, if it aint blue, then it will only be red not for long.... (imho of course)

[symphonie des grauen] 02/2/2009 07:29

is that rhetorical or are you seeking guidance from a divine source?

[squintyflinty] 02/2/2009 07:16

Red or blue opening???

[coco] 01/2/2009 20:19

Miami - yes if it kept the shareholder structure intact - Sibir could have afforded it although i do think it would have put alot of things on the go slow.

Now we have a weakened board and a split on shareholders decisions this could lead to a related party bid, to get business done in Russia you have to think Russian if Chav and Igor want too they will have enough Russian Olegarch's to take Sibir out which may inturn prompt Gazprom and others to bid - this is undervalued at twice this price and with the board structure as it is ......... well watch this space - who picked up all the shares for a peanut price back in December, Now theres a question ?

Regards Coco

[miamisteve] 01/2/2009 18:03

Davron - Have not met him. Do you seriously believe that he thought that buying the real estate assets were in the best interests of the company?

[ammons] 01/2/2009 16:50

Whatever he is, puppet or not, the rejection of the plan is a massive slap in the face. Will his resignation be one of the items dealt with in the circular next week?

[banj] 01/2/2009 15:26

Dav8 - do you still hold GFM? TIA. :-)

[davron8] 01/2/2009 14:44

miamisteve, you obviously have never met H Caneron. He is no one's puppet.

[miamisteve] 01/2/2009 10:49

coco - Cameron is a puppet. He made it seem that there was no alternative than to bail out Mr. T, when clearly there was.

Mr. T's debts remain however and it will be interesting to now see what transpires.

[coco] 31/1/2009 20:05

no circular will not be about a bid

[spursmatt99] 31/1/2009 19:47

There were 4 x 100k in the space of an hour. Whatever they were, its all in the price now.

Whats your feeling for next week? Could be volatile. Another piece of decent news and the share price will rocket.

[leeson31] 31/1/2009 19:29

bit opportunistic if they were sells matt. im confident they were buys when the share price was at 150p. hence a premium.