Vallares PLC: Nat Rothschild teams up with Tony Hayward

Fancy buying some nice east African exposure, sorely in need of CAPEX? ;0) Mind you ,TH had better steer clear of the Louisiana acreage that gets thrown in. Suspect there's a price on his head there (unjustifiably!).

All watched over by financiers of loving grace.

Like after the battle of Waterloo the Rothchilds are still there to pick up the bits and pieces ;)

Given that Agora is a Rothschild family fund and involved in Catcher I wouldn't be surprised if AB and Encore were on their radar.

Well there's no better time to strike for the likes of EO, or NPE given the mauling their share prices have received recently. Will be interesting to see who Vallares go after. Perhaps we might see some M&A speculation over the summer :)

If EO. & NPE are likely candidates then you would have to include XEL into the mix, particularly with XEL recently appointing Rothschild as financial adviser and Morgan Stanley, Oriel as joint brokers

There is also a link to BP with the off-take agreement

Vallares could certainly stir thinks up some what and will be interesting to watch it all play out

Let's not forget (before we get too carried away ;0)): "The Company intends to target a major company, business or asset with an aggregate Enterprise Value of between £3 billion and £8 billion".

I guess they'll be targetting a sizeable co. that doesn't yet have a listing in a major market, as Vallar did with Bumi. They're looking for something bigger than Dana was.

in reply to marben100 #6

Mark,

I'm inclined to agree with you. whatever they go for is likely to be much bigger than the North Sea small fry mentioned by other posters,

See this, from the header:

The Company intends to target a major company, business or asset with an aggregate Enterprise Value of between £3 billion and £8 billion, although an opportunity with a smaller or larger Enterprise Value¹ may be considered. The Company aims to achieve this through identifying and acquiring interests in companies, businesses or assets where the existing owners are attracted to the Vallares proposition, namely the opportunity to hold an ownership interest in a London listed company with a high quality Board and the cash, access to capital and capability to unlock the value of their assets.

The Company intends to focus primarily on emerging and under-developed geographic regions where the Founders collectively have prior knowledge and experience. These include Russia, the CIS region, the Middle East, Africa, Asia and Latin America. However, the Company will not exclude other geographic regions where an opportunity presents an appropriate investment proposition.

Sounds to me as though they might be thinking of a privately-owned company (or companies?) as well as something not listed on a major market. As for "where the Founders collectively have prior knowledge and experience", I'm sure Tony Hayward might have an idea or two.

FWIW, I gather Hayward was in Abu Dhabi a few weeks ago talking up Vallares to some very highly-placed individuals, so it wouldn't surprise me in the least if one of the Abu Dhabi sovereign wealth funds pumped a substantial amount of money into the initial placing. Mubadala or IPIC, I suspect.

Man Siarad

Somebody like Perenco might fill the bill, on size and family ownership.

Hi. Does anyone know if the general public can buy shares? If so, when and how? Thanks

In reply to LBEN, post #9

If you have a "proper broker", i.e. not a low-cost execution only service, they may be able to obtain placing shares for you. You will need to speak to them. Otherwise, you'd have to buy shares in the market once the company is floated.

Ok great thanks. This is quite new to me so thanks for the help. Is it easy to buy shares in the Market or would you need a broker anyway?

Apparently, Valleres occurs in both Latin and Spanish: in the latter it is the Informal Second Person Singular Future Subjunctive form of Vallar(derived from the Latin Vallo = to fortify, barricade etc) the subjunctive being a verb mood in subordinate clauses to express various states of irreality such as wish, emotion, possibility etc.
So...how about .....you are going to wish you were fortified!

Caveat emptor.

In reply to LBEN, post #11

If you wish to buy shares in the market, post-IPO (Initial Public Offering), I wouldn't expect there to be any difficulty doing so using a low cost execution only broker. However, shares may (or may not) be more expensive post-IPO.

In order to trade shares, you do need a stock broker of some type (other than in certain exceptional circumstances).

If you are new to investing, I recommend joining ShareSoc - which you can do for free as an associate member. One of our objects is to improve our members' investment performance and knowledge. ShareSoc has a comprehensive reading list. The introductory books are a good starting point.

Vallares, as a brand new company, is inherently speculative, so as Biggles says: Caveat Emptor! I.E. it is not wise to put money into it that you cannot afford to lose.

NB I am not in any way qualified to give advice.

Good luck and enjoy your investing journey!

Mark

Thanks again for your help and advice. It's very kind of you. All the best.

LBEN

It may be better to wait till trading begins properly. Vallar, the previous Rothschild vehicle, aimed at Mining, took a while to get its target (Bumi) and the SP came back from IPO - see previous thread on here about it.

Personally I'd doubt any of the listed companies mentioned thus far. Look at how Vallar went for the best guide. Maybe you will see a big listed entity taken out (something akin to Niko in size) but its far more likely to be a private entity with a big family holding.

D

I enjoyed reading your article.

I am surprised that circa 50% of the fund raising book for Vallares is from the US. The level of US investor interest speaks volumes on Tony Hayward being quite respected in the US (even post "Gulf of Mexico" oil spill crisis).