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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Valiant Petrol. | VPP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 437.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 437.00 | 437.00 |
| Top Posts |
|---|
Posted at 20/3/2013 21:32 by red ninja Well I hope IAE share price will recover once takeover complete and unhappy VPP shareholders have exited.At the moment many in the market believe IAE is paying too much for VPP. However, is the market crediting the tax losses that VPP is bringing to the party. |
Posted at 13/3/2013 19:14 by sirookietrader Is anyone here considering redistributing their funds to AEY?If AEY get their Fyne asset producing at predicted levels, they would be in a position not too dissimilar to that of which VPP is in now, in terms of reserves and production. VPP being taken over for £200 million vs current AEY cap of £60 million. (AEY also has significant tax losses of circa $200 million) |
Posted at 11/3/2013 12:39 by hpcg utrecht - there is some discussion on the IAE pages. My analysis is that this a way for them to sell down their IAE shares without directly selling IAE. They would be unlikely to get full wack unloading their percentage on IAE but with VPP arbitragers will keep the share price to within a couple of percent. Their short will cover the cash and their existing IAE shares for the share portion. I not calculated how complete this is.I really can't see there being a bid for IAE (nor a counter bid for VPP). I think they are waving the white flag and are getting out of what for them was a temporary position. I could be proven wrong by future events of course, and may not be correct in the first place, but I think this explanation is rational. |
Posted at 11/3/2013 11:21 by utrecht_00 why would Anthion asset management take out an 800k short on VPP. They are in partnership with JEC in trying to get IAE to sell. If there was a bid for IAE that would collapse the VPP bid and the share price would plummet back? |
Posted at 04/3/2013 21:50 by bbluesky Have we have reached that point of playing cards. (And fair play to Ch C in spotting the anomaly, whilst Rome (VPP) burns?) And to be historical Rome didn't finish there! Let's play cricket. Frankly Cheyene Capital sound like an outfit who have to take singles because they are incapable of scoring a century. I am more interested in VPP or their assets and prospects in the ground, a couple of ducks(dusters)does not mean you are without value - Bell? |
Posted at 03/3/2013 12:42 by hpcg There are several reasons I'm holding for the duration - the timetable is short anyway so I don't see much lost opportunity in redeploying the cash. If you think that the deal is cheap then there might be short upside recognised in IAE shares and that means upside to the bid value. If you think its good value for IAE then those shares are a way to retain an interest in that under valuation. If you think it makes IAE more attractive to a predator then IAE shares are worth having. Any which way you look at it the market discount to full value in the bid means that on any particular day it is cheaper to buy IAE shares through VPP than IAE.Norwegian exploration is amazingly cash effective for high risk high reward plays like Storbaden so given that VPP has already made a move the other side of the median line I think there is a future for an independent VPP if the deal falls through. Finally there could be a higher bid from the third party but I can't say I'm expecting that. |
Posted at 02/3/2013 17:36 by mcdougall1 What do peeps reckon on the chances of a competing bid for VPP ?I'm mulling over whether to sell VPP now and top up elsewhere while valuations look cheap (e.g. AEY, TRAP, IAE) or see whether someone else such as Dana or Taqa come in for a cheeky £5.00 per share cash bid? For IAE to have payback in 2.5 years and still have half the P1 reserves left is a pretty good deal, so maybe someone with deeper pockets would not need to pay much more to leave IAE behind.... McD |
Posted at 02/3/2013 03:00 by pyemckay held vpp for 3 years at 450p 420p and 405p. disppointed but glad to get some kind of price returned. looks like a stitch up to me. but i sold and i bought IAE. if you think vpp is undervalued get in to iae. no brainer once again.i sold up today.. |
Posted at 22/2/2013 11:31 by ed 123 The answer is, of course, that they could give an update, without compromising any negotiations. For instance there is production information available from Enquest and Antrim that VPP could rns.The problem I have is that the private investors are probably the only group outside of the information loop. The directors of VPP, the parties they are talking to and the major shareholders will all be insiders to what is going on. Being outside the loop, though, can have its advantages. The directors of VPP went in the market and bought shares at various prices above the current level (344p). Perhaps they would be buying now, if regulation permitted? I have been buying on the way down and I'm keeping some powder dry to buy at under 300p. For the past 3 weeks (ie. after the Fionn drop) the share price has been falling at about 10p per week. If it takes more than another 4 weeks to get the review result out, then I could be in for more of these in the 290's. I recall my buying shares in Nautical Petroleum down to about 270p, then smiling when the 450p recommended offer was announced. Maybe I'll be lucky again? |
Posted at 03/2/2013 06:57 by ohisay Personally I don't see anything big happening with VPP/AEY.They're cannucks with the usual ego's and ambitions who wouldn't take kindly to losing their independence -Besides isn't there some structure within AEY effectively militating against a takeover.I finally exited a few years ago when they awarded themselves some ludicrously non stretch share options so i'm probably biased - er well I am actually . VPP would be stronger with a bigger partner but I'd have worries they be overstretched and ultimately weaker with a company the size of AEY - reminds me of those nature films where predators end up nearly choking to death trying to eat something that's just a bit too big for then - in the unlikely event they( VPP) made a bid I'd be out in a flash. |
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