possible takeover, page-29

"Broker Merchant Securities has increased its price target on Lochard Energy (LON:LHD) by 3.3 pence to 25.3 pence and reiterated its ‘buy' rating. "

http://www.proactiveinvestors.com.hk/market_news/4217-lochard-energy-price-target-upped-to-25-3p-at-merchant-securities.html

"The modest increase in our target price is only the beginning of a potentially rapid acceleration of value recognition, which fully-unrisked would equate to an uplift of 14.6 pence per share."