Keyword results: Takeover Panel

Takeover Story Dropped but the Resulting Share Price Wobble Could be an Opportunity to Buy into an Expanding BT.

Hello, Share Takers. There’s an interesting situation building at B T (BT.A) The share dipped 6% today because a billionaire said he doesn’t intend to bid for the company. However, Patrick Drahi, boss of Altice UK, announced today that it’s acquired a further 585,476,188 shares in BT, increasing its ownership to 1,785,476,188 shares.That’s 18.0% of BT’s issued share capital. That means Drahi has now put into BT a total of £3.2  billion pounds

GMS
GMS

Gulf Marine Services – after previously 'announcements escalate dispute with Seafox International'...

Previously writing on Gulf Marine Services (GMS), in July it was announcements escalate dispute with Seafox International, now “Letter from Seafox re Board Composition”…

R4E
R4E
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Letter to AIM Regulation and the FCA regarding Marc Boyan and Reach4Entertainment

In yesterday’s bearcast, I explained why suggestions that Reach4Entertainment (R4E) CEO Marc Boyan was considering merging Reach with his private company Miroma should be investigated by the authorities.  Upon reflection, the scandal is potentially even larger than I originally thought. Notwithstanding the fact that two guests at my wedding (Messrs Wray & Yeoman), of which I shall be celebrating the 7th anniversary this coming weekend, are intimately involved with Reach and will be very pissed off with what I am doing, I have now written to the Oxymorons and the Chocolate Teapots and asked them to consider involving the Takeover Panel. The letter follows.

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RFC
RFC

Rangers boss Dave King slammed by Takeover Panel for numerous rule breaches - 4 year cold shoulder imposed

FCA regulated institutions will still be able to deal with Rangers FC, should they want to associate themselves with the financially toxic soccer club, but as of today they can have no dealings at all with its chairman Dave King. The cold shoulder ruling was imposed by the Takeover Panel today.

MRS
MRS
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Gotcha? So how much of Management Resource Solutions does John Zorbas and concert party control?

Today at 2PM, Management Resource Solutions (MRS) hosts a teach in for analysts and investors at the offices of its PR firm FTI Consulting. Anyone attending might care to ask if the Takeover Panel has been in touch.

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KIE
KIE
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Kier-blimey! Today’s Woodford disaster is Kier (again)

Oh dear, oh dear, oh dear. Just when Neil Woodford might have thought it couldn’t get any worse (at least for a day or two), up pops fully-listed Kier Group (KIE) – whose rights issue refinancing saw the humiliation of being bailed out by the underwriters last December -  which seems to have found an extra £50  million of debt since its trading statement of just seven weeks ago……and capped  that with the announcement of a £25 million provision with regard to a redevelopment project at Broadmoor Hospital. As I write, the shares are at session lows of 412p  a drop of 85p, or 17%. Neil sure can pick’em.

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WTI
WTI

Crazy rise on Weatherly International as investors fail to understand the RNS!

The lack of research by many private investors never ceases to amaze me, especially as they are often putting their hard-earned money into these companies!

ADL
ADL

Explosive letter sent to AIM Regulation re Andalas c/o Winnileaks - is it bust yet & what about the takeover panel?

Thanks to our Winnileaks service we can bring you a letter sent to AIM Regulation this week regarding Andalas Energy (ADL) the AIM listed POS which is almost certainly insolvent. The letter is detailed and is below:

POG
POG

Petropavlovsk - time for the Takeover Panel to intervene to stop Russian Roulette?

As a regular reader of the Russian publication Kommersant I bring you an article on Petropavlovsk (POG). Forgive the poor translation but the meaning is clear. If this article is correct, it is clear that those trying to oust the board are working in concert as part of a far wider plan or corporate activity. That is one reason we have voted FIML's shares in favour of the board and against the very dodgy rebels and urge you all to do the same. Surely this is something that the Takeover panel should be investigating as a matter of urgency?

RFC
RFC

Takeover Panel not backing down – Rangers FC Rule breaker Dave King being taken to court

A month ago, Tom reported the Takeover Panel’s decision that Dave King should make a 20p offer for Rangers International Football Club (RFC) (HERE) and also commented on King’s ridiculous response (HERE). Well, King has point blank refused the request to make a bid but the Panel is not backing down without a fight.

RFC
RFC

Rule Breaker Dave King spouts 100% bullshit after being told he must make £14 million Rangers bid

Earlier today the Takeover Panel slammed the dodgy antics of Dave King on numerous counts and ordered him to launch a 20p per share, £14 million, bid for the 85% of Rangers (RFC) shares he does not own. King has responded with a statement of complete and utter horseshit showing that he holds the law of the UK in contempt. King has issued a statement via Rangers which it is worth dissecting for the half truths and bollocks it contains. The statement follows with my comments in bold.

RFC
RFC

Dave King on the hook for £14m - forced to bid 20p for Rangers FC and caned by Takeover Panel

The Takeover Panel has today slammed Rangers (RFC) supremo David King for breaching the UK Takeover Code as well as being a prize arse in not co-operating, indeed appearing to obstruct, its enquiry. The upshot is that he has now been told that he must launch a 20p per share offer for the 85.43% of Rangers he does not own by April 12. That will cost him up to £14 million if everyone accepts.

Pinocchio

City Grandee Bob Morton gets most serious "cold shoulder" sanction in history of Takeover Panel - branded a liar

In a ruling handed out on December 21 but published today the Takeover Panel has handed out the most severe sentence in its history to City grandee and veteran financier Bob Morton and also branded him a liar for the way he tried to cover up his actions.

Red24 - bid now worth 26.3p - good news on this quick win share tip

Having previously announced that it was “engaged in discussions” following a 24p per share possible offer,  Red24 (REDT) has now further updated as an initial Takeover Panel deadline came into play. the shares are now 24p mid which is not bad as we tipped it just about six weeks ago at a 19.75p offer.

WRN
WRN

Worthington is just misleading the Takeover Panel re Nuna - when will this farce end?

Heck. Everyone does the April Fool's thing don't they? And so the fraud that is Worthington (WRN) put out an RNS which we are meant to think is serious but is in fact a joke. Or in this case The Takeover Panel and LSE appear to think that it is serious but everyone else knows that it is just a joke, like spaghetti trees in Italy or Chelsea fans pretending they have always "supported the blues" from before they were good.

WRN
WRN

Red Flags at Night: Worthington delivers a cracking April Fool

I just can’t help myself: fully listed (sort of, as it has been suspended since 13 October 2014 so it is more a case of the undead as it still has not been booted off the main market) Worthington Group (WRN) issued an RNS after-hours last night. Was it the long overdue results for the year to September 2014, which were promised to be released in March 2015 in an RNS released in Jan 2015, but are still outstanding almost a full year late? 

InternetQ bogus trading statement hides behind Takeover Panel Rules

InternetQ (INTQ) the dodgy Greek outfit exposed repeatedly HERE for all sorts of nonsense has published a totally meaningless trading statement. It hides behind the fact that the Chief Bubble is considering an MBO if he can persuade fund manager Tosca to back him.

Father Christmas

Market abuser Chris Oil's Christmas Carol Part one....

It was the night before Christmas and young Christopher Oil stood staring out of the window at the Bed & Breakfast he liked to refer to as the castle. Outside, the snow was beginning to fall heavily and this filled Christopher with great joy. He turned round to look at an elderly lady sitting by the fire reading a bunch of papers marked "pension statement" and, barely able to contain his excitement, blurted out "Mummy, if it carries on snowing, will you let me make a snowman in the morning with my bestest friend Daniel?"

LGO
LGO

LGO Energy "initiates strategic review" = "we admit we are fucked"

You were not spoofed by Neil Ritson and his puppetmaster Jabba The Hutt, aka fat Aussie share ramper David Lenigas, into thinking that today's news means that LGO Energy (LGO) is going to attract a bid were you? Oh dear. It is not going to happen. Let me explain.

WRN
WRN

Worthington – still avin a giraffe, but for how long can it continue?

Another deadline arrives and it is yet again missed. How long can the long running farce of the takeover of Old Mother Worthington (WRN) continue?

GPX
GPX

Gulfsands Petroleum – is this a new beginning?

Last night, Gulfsands Petroleum (GPX) announced details of its long awaited $22million open offer. For long-term shareholders there wasn’t much to cheer about. At 4p, the best they can now hope for is to average down by taking up their 3.01 open offer shares and pray for a turnaround. But what chance is there of this?

SER
SER

ShareProphets Translation Service; Daniel Levi Associates’ last attempt at an EGM

Just in case anyone is bonkers enough to believe that Daniel Levi Associates is genuinely able to fill in the paperwork properly to call an EGM at Sefton Resources (SER), we now present a helpful translation of this self-styled corporate raider’s highly entertaining last attempt at requisitioning a meeting. (Spoiler alert -- It didn’t go too well). 

WRN
WRN

Worthington - Well I never: Meet the Biology Teacher/ladybird expert turned ace investor

While Worthington (WRN), pro tem, remains a UK listed stock, the Takeover Panel is forcing all sorts of revelations today which raise a few awkward questions for Doug Ware, the boss of this POS.

NEW
NEW

New World Oil & Gas; Chris oil to vote “No” with 6.93% of the vote?

I noticed yesterday morning that New World Oil & Gas (NEW) has updated its AIM Rule 26 disclosure concerning major shareholdings. Of all the changes, by far the most significant is the inclusion of Alliance Trust Savings Nominees Limited. Alliance Trust didn’t feature in New World’s previous disclosure and yet now apparently holds 6.93% of the company. Why does this matter? The answer is simple. Alliance Trust is Judith and Christopher Williams’ (a.k.a. Chris Oil) broker.

NEW
NEW

Chris Oil & Sith Lord Zak Mir Marble Bath Caption Contest – with David Lenigas

As deranged blogger Chris Oil sweats on whether the Takeover Panel will make him bid for New World Oil & Gas he is bleating in twitter about how no-one is talking about his penchant for inviting foppish middle aged Old Harrovians into his hotel bathroom anymore. Always keen to please we bring you our Monday Caption Contest. Simply post your entries in the comments section below, deadline midnight tonight (UK time) 

JR-Ewing

Video from the Blogger's Cafe at UK Investor Show: The Great Chris Oil

The man of the moment Chris Oil was interviewed at the bloggers cafe at the UK Investor Show. Gosh he is prescient as he discusses how he worries about getting a call from the Takeover Panel. Mr Oil is on cracking form.

NEW
NEW

ShareProphets Appeal: save Chris Oil: persuade the Takeover Panel that he is 100% clueless

We are just such nice guys here at ShareProphets – we want to help out those least able to help themselves. And so we come to the case of Chris Oil (AKA Mrs Williams) and that holding of 48% of New World Oil and Gas (NEW) – as opposed to the 10% figure that Nomad and Broker Beaumont Cornish was happy to sign off just last week. Mrs Oil/Chris Williams (mix and match as appropriate) has a potential £7m problem – but YOU can help save him/her.

Anarchy

In Response to TW’s Criticism of the Nomad System on AIM - the real solution is fewer rules & Zero Tolerance

I read with considerable interest Tom Winnifrith’s article  on how companies get away with telling abject lies by RNS . There is clearly a conflict of interests in the system whereby regulatory oversight is provided by Nomads, who are engaged by the very people they are supposed to oversee.

New
New

Takeover Panel demands New World Oil & Gas seek new approval for Niel deal

Just over a week ago, I wrote this open letter to the Takeover Panel about New World Oil & Gas’ (NEW) never-ending deal with Niel Petroleum and whether the original shareholder approval granted on September 12th 2013 was still valid. It looks like it wasn’t. On Tuesday, New World issued this RNS, in which it was forced to announce “the Transaction [the Niel deal] will be subject to the waiver of the obligation on Niel Petroleum SA to make a general offer under Rule 9 of the Takeveor Code being approved by independent shareholders on a poll”. This is good news for shareholders as they now have the opportunity to scrutinise more thoroughly Kuwaiti firm Al Maraam Trading & Contracting Ltd’s (Al-Maraam) involvement in this. In particular serious, unanswered questions remain on what basis New World can claim that “Al-Maram will participate in all future bid rounds for the drilling and production of oil and gas in Kuwait”.

NEW
NEW

Open letter to the Takeover Panel concerning shareholder approval of New World Oil & Gas’s Niel deal

After nearly nine months of inadequately explained delays to the completion of the Niel deal by New World Oil & Gas (NEW) there are serious questions whether or not the original shareholder approval granted to New World remains valid or if the company needs to call another general meeting to ratify the proposed new deal. Apparent material changes resulting from the introduction of the mystery Kuwaiti partner, Al Maram Trading & Contracting Ltd, to the transaction have raised concerns and New World’s shareholders remain in the dark. I have now drafted a letter to the Takeover Panel to ask them to look into this matter. 

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