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West. Coal Share Discussion Threads
Showing 8176 to 8199 of 8200 messages
|Thanks for reply|
|tom - not that I have found. Stumbled on this when I saw the big share price rise.|
Is there anyother BB where info/discussion on Walther is available? I hold since the takeover of Western Coal but find it hard to find out what is going on. Thanks for the update.
|Hear we go again... up 23% in US
Mining firm Anglo American PLC (AAL.LN) is considering a bid for U.S. miner Walter Energy (WLT) of $120 a share, and has arranged financing supporting an offer as high as $150 a share, The Times of London reported Wednesday on its website, without citing sources.
Anglo is said to be planning to discuss the matter this weekend. Bhp Billiton Ltd. (BHP.AU) also may be interested in Walter Energy, the newspaper reported.|
|"IanBrewster - 26 Apr'11 - 22:26 - 1050 of 1052
My shares were in iDealing ISA today - i got 190 WLT for my 5000 WTN, so I make that just over 33%. More shares than I was expecting.
Just need to figure out where to put the cash!?!?!?"
Snap on all counts Ian.
I'm looking at LRD, PFL and HRI - no mining, already have enough of that.
I see GCE has come off a bit, I may revisit that to see if there is any value.|
For illustrative purposes only, and using the example of an individual holding 1,000 Western common shares:
if such shareholder elected to receive Cash Consideration in respect of all of their Western common shares held, the shareholder would be entitled to receive CDN$11,500 (being CDN$11.50 for each Western common share held);
if such shareholder elected to receive Share Consideration in respect of all of their Western common shares, the shareholder would be entitled to receive approximately CDN$7,670 and 38 Walter common shares (being Cash Consideration for 665 of their Western common shares and Share Consideration for 335 of their Western common shares); and
if such shareholder elected, or was deemed to have elected, to receive Cash Consideration in respect of 70% of their Western common shares and Share Consideration in respect of 30% of their Western common shares, the shareholder would be entitled to receive approximately CDN$10,405 and 11 Walter common shares (being Cash Consideration for 899 of their Western common shares and Share Consideration for 101 of their Western common shares).|
|Ian - Take a look at CEY, AA, or OMI. All quality miners
|My shares were in iDealing ISA today - i got 190 WLT for my 5000 WTN, so I make that just over 33%. More shares than I was expecting.
Just need to figure out where to put the cash!?!?!?|
|did you who is that with cos am with iii and have not got any thing yet|
|I got my shares and cash into my ISA account today. Looks like about 33% shares.|
|Interesting, thanks guys. Maybe Charles Stanley were just quick with the paperwork.|
|I cant remember if their was a date set for sending out stuff. Does anybody have a handle on when they expect settlement??|
|No - still waiting|
|I havent received anything yet? Anybody else got their money/shares yet?|
My Charles Stanley acct is already showing my WLT shareholding, and Cash payout but I dont know if its because they know its an entitlement and will allow me to trade knowing its there or if the actual crest transfers have taken place. I did have to sign some US Gov papers ref the tax point for Dividends etc a couple of weeks ago which were forwarded by my brokers. Dont know if that helps you?
|Thanks. Yeah they sure are taking their time, and the WLT price is swinging all over the place. Hopefully we won't have to go on an Easter egg hunt for it.|
|i was wonder the same question i spoke to iii they said it should be any time now %70 cash and %30 shares that was a week ago they are taking there time mate|
|So, anybody know when we are due our money and shares?|
|Hopefully there is hardly anyone reading this now, so I can confess to being naive about the disposal process. I understood that I was a restricted shareholder (not sure whether that was because shares were acquired on AIM or because they were held through a nominee) so could not elect for shares rather than cash. I assumed that meant I would automatically receive 70% in cash and 30% in shares.
I now discover that I am deemed to have elected for 30% in shares and have been pro rated back to 10%. Given the huge disparity in value it was pretty obvious that anyone who could would elect for shares and I doubt that anyone actually elected to receive cash. It would appear that the restricted shareholders who could not elect have been stitched up. Added to which, completing the deal two days before the end of the UK tax year so that gains crystallised a year earlier than necessary seems almost deliberately aimed to upset UK PI's.
Still overall made a significant profit (something like 35x recovery from the low point) and the fact that I have 10% conversion into Walter shares at $140 is probably better than if I had received 30% at $110, which is around where the price was when the deal was announced. So, overall not bad but just a tad disappointed and annoyed with myself at how things ended.
Thanks for the contributions to this BB if anyone is still around. One of the better ones.
Good luck all.|
|Eeny Perhaps you could include the Walter Website address in your CLOSED message at the top?
|Thanks for the old BB Eeny. Still holding my new US Shares and the CEO seems quite hopeful for the businesses immediate future:-
I am very honored to be named the Chief Executive Officer of Walter Energy. The combination of Walter Energy and Western Coal is compelling. In these two great Companies we have the foundation of a truly exceptional organization with its best years clearly ahead of it.
The new Walter Energy will be the leading, publicly traded "pure play" metallurgical coal producer in the world. Our strong growth prospects and high quality products, combined with a strong operating and management team, uniquely position us to deliver exceptional shareholder value in both the immediate and longer term.
We will have an exciting year in 2011 and our focus will be directed to three critical areas:
First and foremost, we must continue to deliver on our promises. Our organic growth potential in the United States, Canada and the United Kingdom is exceptional and must be delivered. The momentum we have developed in delivering exceptional performance in the key areas of health, safety and environmental stewardship will be enhanced and embedded within the organization. And the proven results demonstrated through our culture of a disciplined approach to capital allocation will be maintained.
Secondly, we will integrate quickly in the key management and reporting functions to ensure the combination of the Companies goes smoothly. We will then move to transform the Company to realize our potential through the evolution of systems and processes that will support our strategy and provide skills and career development opportunities for our people.
Finally, we will grow. As mentioned, we have an outstanding production base with excellent brown fields expansion opportunities. Beyond this though, we will also seek out growth through the disciplined analysis of new opportunities in locations that support current and evolving markets in the export metallurgical coal space. In all cases we will review opportunities with an eye to the value proposition, risk profile and corporate capacity. It will not be growth for growths sake alone.
I look forward to the challenges and opportunities ahead and I look forward to working with the Board of Directors and the team that make up this great company.
Chief Executive Officer
|Thank you Eeny for your thread and your own contribs to it. I rarely if ever contibuted myself but read and appreciated the posts.
Good luck elsewhere,
|Just got to wait for the cash and WLT shares to appear in my a/c|