Its certainly an improving picture Hardmano - but why they can't...

Its certainly an improving picture Hardmano - but why they can't be a bit more effusive with their reporting ??

I know we have covered this ground before ... but I watch the discussions between yourself and others on the strategy being pursued and its relative merits and remain a bit perplexed. I know Yaq is of a mind that DC is trying to stage manage a rush of suitors into a bidding war - but I can' help but feel they are actually publically pursuing a 'small target' stratgey.

So whats the deal?

They keep the news to market understated and minimal, keep a lid on the SP, wait till they get an offer, then flood the market with good news and vastly increase confidence in the hope of attracting a stronger counter bid.

Is there any precendent for this ?

Doesn't it encourage the notion that an undervalue t*****r is likely?

On the other hand I could argue that they are not in any great rush to tempt a buyer. Knowing the longer they have the greater the reserves, the higher the flow rates and the more developed the market. We have yet to have any firm signals from government on gas derived power, the slew of big LNG contracts being signed only increases pressue on the suppliers to ensure they have enough in reserve. Making esg all the more valuable.

I'd argue the longer esg stay out of the firing line the more powerful their eventual position.

Unlike 'some' I don't retire for another four years I would happily wait ... for a price better than the current offer for AOE.

cheers

sg