Sibir Energy Share Discussion Threads

[davidwilkin] 23/5/2009 14:18

it was approx 16% prior to yesterday i believe

[dougie471] 23/5/2009 13:03

i for one wont be rushing to bail out if they are relisted as you will wait to see the orice rise and maybe a time to top up. All articles seem to suggest Gazprom dont intend to cross the 30 percent threshold for takeover bid. (BUT WELL HAVE TO WAIT AND SEE ON THAT ONE-I THINK ITS A MATTER OF TIME)
I know some pi's who sold there stake at £4 YESTERDAY MORNING.I tried to through my broker but they couldnt get hold of renaissance so we are locked in no for another while. The time surely will come when gazprom will make a move for takeover?

does anyone know what percentage are in private investors hands?

[squintyflinty] 23/5/2009 09:41

If thes re-list I can see PI's scrambling to get out even at sub £4. Better off to relax and wait for that inevitable bid from Gasprom.....£5 +

[enabler] 23/5/2009 05:31

Copy of email that I have sent to the aim regulator, I will let you know if I get a response

As an investor who purchased shares in Sibir Energy via the AIM market I am concerned that we are being treated as second-class citizens, although the shares are suspended, shares are being traded between institutions at £4 to £5 per share. (Price at suspension £1.74) A number of announcements giving details of the sale and purchase have been made via RNS and are well documented. It is very frustrating to see all this activity but unable to participate.
Can you not insist that the shares are re-listed, or at least get the company concerned to make an announcement on when they will be re-listed? It is this type of situation that will put investors of buying shares through the AIM market and will do little to enhance your reputation.

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[josels] 22/5/2009 23:30

Gazprom did not intend to buy any share from the PIs today only from one of the oligarchs.

[gatdecor] 22/5/2009 17:46

so Gazprom never managed to get all the shares they needed to get to 30% !!! now at 27.5%
or did they with the =+10,000,000 from Sibir = 30%

[squintyflinty] 22/5/2009 16:02

Offer only on the cards for today. Renaissance make it virtually impossible for PI's to trade.My broker Jarvis investments say that there is nothing official in the CREST SYSTEM,AND THAT THEY HAVE RECEIVED NO OFFICIAL OFFER.
STUMPED!!!!!!

[dougie471] 22/5/2009 15:50

i spoke to my broker and they couldnt get through to renaissance. He says it all seems very shady as youd expect for Sibir

[squintyflinty] 22/5/2009 15:42

They are paying £5 ,but this is certainly not straightforward to do the deal.

[dougie471] 22/5/2009 15:42

ive put mine all on the block at £6. Come and get them Gaz

[gatdecor] 22/5/2009 15:26

heard they are now paying £5.00

[dougie471] 22/5/2009 15:08

i just told my broker i wont sell at £4. maybe its worth putting a price on the block and see what they come back with?

[1nf3rn0] 22/5/2009 14:52

I've sent a message to my brokers to sell a percentage of my holding at £6.50. I doubt it'll be accepted, but worth a try. If enough pi's agree to sell for £6 - £8 and stop accepting £4 bids Gazprom might get the message.

[gatdecor] 22/5/2009 14:43

I asked them on the phone what price are they now paying and they said £4.50

[dougie471] 22/5/2009 14:39

gatdecor where did you see £4.50?

I dont agree with Martinmulberry if anything they will have to pay more for an overall takeover which will happen at some stage

[gatdecor] 22/5/2009 14:34

they are now paying £4.50!

[gatdecor] 22/5/2009 14:25

Oil is now over 60 dollars so the company should now be worth much more!

[martinmulberry] 22/5/2009 14:23

I have a horrible feeling that private investors are going to get stuffed. You cannot buy Gazprom Neft shares in the UK or on any European market - although you can buy ADR's on Frankfurt and Berlin.

With Tchigirinski appearing to sell (some) of his assets to get out of trouble I suspect that Gazprom will acquire enough stock/form alliances to effectively control the company, manipulate the share price and essentially tell the PI's to take what may be on offer or be left holding on to shares for which there will be no real market.

I hope I'm wrong but if not why hasn't Gazprom made an offer - because it wants to get Sibir on the cheap and it can do so because of our shareholders structure.

[dougie471] 22/5/2009 14:17

just spoke to my friend who has a large number and he was able to sell half at £4 a share. I think it was through Davys in Dublin

[pablo1969] 22/5/2009 13:55

So it's ok for the company to sell shares but not us PI.
)

[gatdecor] 22/5/2009 13:36

Market Update

20-5.-22.0

The Board of Sibir announces that it has received the following security from Mr Chalva Tchigirinski and his related interests in respect of the amounts owed to the Company and that it is negotiating to obtain further security from him as soon as possible:

1. The Company has received a charge over the shares of the company which owns Villa Marina Irina, Roquebourne, Cap Martin France and has the right to take a charge over the Villa itself should it choose to do so.

2. The Company has received an assignment of the proceeds of any future sale of Hugh House, 7A Eaton Square, London SW1W 9DA and has the right to take a second charge over the house itself should the holder of the first charge agree.

3. There are arrangements in force under which 10,559,704 ordinary shares of 10p each in the capital of Sibir (the "Shares") can be sold and the proceeds received by the Company applied in reduction of Mr Tchigirinski's debts. The Shares will be offered to JSC Gazprom Neft at £5 per share immediately after the release of this announcement.

[fsu gold investor] 22/5/2009 13:32

If management does not get this company relisted now, which is the fiduciary duty to shareholders, in my opinion, they should be held legally accountable for this dereliction of duty.

The action in this company makes a mockery of corporate governance and puts a stain on the London Stock Exchange.