EdmondJ

I thought the exit strategy always was, to sell the business, however the timing of bidder interest - as we can see - rarely coincides with shareholders' best interests. We are not in a lending crisis or oil prices plunging, there is a sense for increasingly rare oil & gas reserves, so if no one else is prepared to table an offer then it must…

Having looked through the offer documentation I cannot find any direct reference to the percentage level where KNOC would declare the offer unconditional, which appears to fall short of the textbook. At day 21 the offeror would review the percentage accepted 'with regard to its declared acceptance level at which the offer becomes unconditional' and if reached then declare the offer 'unconditional as to acceptances'.…

Re. Rule 31.8, Splitting hairs but quite important as to timing perhaps, there is a difference between being declared conditional and wholly unconditional? i.e. those who accept the offer may not be waiting 14 days from it being declared unconditional, but wholly unconditional, which could be some weeks later. This is relevant in terms of the opportunity cost i.e. consider not accepting the offer in…

Not to get into an extended debate on semantics but the man keeps promoting via the media, his point that £18 a share is full and fair, I think investors need some humility as to judging a complex industrial situation - especially when he hadn't even seen the defence document. That summed him up philosophically, for me, he was not prepared to wait for the…

Because he keeps repeatedly insisting in the media, £18 is full and fair, and is on the record for 'encouraging' KNOC.I don't see how a fund manager can 'know' this is objectively true, relative to industry, the process is not over. He is too full of himself.  He was insisting the offer was 'full and fair' even before allowing the company to publish its defence…