Ann: Senex advises of takeover discussions, page-36

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Danielj3

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18/10/21

11:42

Post #: 56874102
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Originally posted by Ya: ↑

The board has already squeezed 40c from Posco, so if there's any others (ie local players STO or BG or ORG) looking at adding 2P-767 PJE, then they could lob a bid after 5th Nov after the No talk no shop deadline expires.

$4.4 * 185.2m = AUD 815m rounded off or 14.6x EBITDA multiple based on FY21

That gives POSCO enough time to do their DD. This bid is their 3rd one, the Board didn't think of updating the mkt back on 30Jul or 27Aug when $4 & $4.20 bid were made to them.

About time, as this has dragged on & on for years in some shape or form looking for HC's everywhere & SP going no where.Looks like the rebranded SXY finally got their house in order after Decades of exploration work, i.e, 8 for 1 share consolidation in March, selling Cooper Basin assets to Beach & focussing on 1 core asset in the Surat (no more drilling in PNG, New Caledonia, California, Wyoming, Oklahoma, NW shelf, Carnarvon Basin, Perth basin when they were called VPE, 22 long years back). What took them so long, oh well.

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dose anyone have an idea on how the ASX would think about SXY getting an offer and not letting the market know? how is this ok? Look, its worked out in a way - they have increased offer- but disclosure? we might have fired up beach energy earlier for example?

SXY Price at posting: $4.37 Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

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Ann: Senex advises of takeover discussions, page-36

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