> http://www.investegate.co.uk/Article.aspx?id=200804020701443743R
http://www.imperialenergy.com
http://www.investegate.co.uk/Article.aspx?id=200807040700042799Y




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img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=IEC&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR1&MA=&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0">
cyril

looks as though there has been quite a lot of institutional buying which may well have sparkd the renewed interest

Drifting lower. Now approaching the 50 DMA line at 940, which I presume is the level for the active traders to watch? Does anyone have an opinion on the graph which is about the only indicator worth watching now, imo. Takeover could be a protracted affair, if it goes ahead, so how low can it go?

bad news in russia with bp is affecting all shares connected with russia......if bid doesnt go ahead, then this could tank.....all western money is leaving now from dodgy russia

If this doesn't go ahead then this WILL tank! No question imo.
But, if takeover goes ahead, then 1290p is the price. So the possible gain is currently just over 30%. Tricky dilemma.

of course, but even in the event of a non-event it is worth remembering that IEC is genuine producer of considerable volumes .... and don't forget that Khaz would not care to be referred to as Russia, which I think is where the bulk of IEC's licences and production are based, the balance being in Siberia.

it doesnt matter cynic......market will treat siberia as russia and with sentiment really dire on anything with russia, this will get bashed.....aricom, pog etc all down on fri

as for kaz, thats totaly corrupt too as anyone thats been there can testify too

so are italy, spain and greece! ..... the comment about russia has a different foundation

yes.....u r right cynic

italy at present seems to be really bad too......and with the sickening way italians treat roma gypsies etc and finger printing children, babies etc, they seem to be going back to the old fascist ways of 1930s with lots of corruption thrown in.

it will be at least another 40 or 50 years before russia might improve as a nation.....but i wouldnt count on that either

Touch of hysteria here, lets get back to reality. IEC is a solid company with good growth prospects currently in bid situation.

If the sp slips to 900p again, I think I would be happy to buy some more stock.
IEC fundamentals look sound enough.
Quite often august is a slow time for equities, so am happy to watch this one for a week or two with cash at the ready.

Well I sold at the right time 1080p....(more by luck than good judgment)....starting to look undervalued considering there still is the takeover question !.

Indian take-over stated in the Times to be during August.

http://business.timesonline.co.uk/tol/business/markets/article4426031.ece

it does NOT say that .... kindly report accurately!

Imperial Energy rose 61p to 958p amid talk that a formal offer for the company could be made as soon as next month. The oil company said this month that it was in talks regarding a possible offer of 12.90 a share. Imperial has not named the potential bidder, but ONGC, the Indian company, is understood to be behind the approach.


Thus, this story is still at the strong rumour stage at best

sp has now crept up to 1073, but this is a very difficult one to read, for while talks are obviously continuing (somewhere!) the Khaz gov't will certainly have a part to play, and that assumes the 2 protagonists can reach some sort of agreement.

I have decided to split my original holding in two. 50% hold in case of news, 50% actively trade in case takeover doesn't go ahead. I think when the next RNS comes out the sp will react very quickly, so have decided to at least have a foot in the door at all times.

cynic, think you've got you're wires crossed (posts 574& 583.) The bulk of iec's production and licenses are not in Kaz, they are in Western Siberia.
All production and reserves are in Siberia, Kaz still at exploration stage with drill due to reach target depth soon.

in that case both Kaz and Siberian (Russian) gov'ts will have something to say on the matter!

I would have bought this back at lower levels but bought other ones instead....but IEC looks promising....!.

suspect the Russians have already rubber stamped the deal, possibly with a view to Gazprom taking a stake at a later date.

wishful thinking old son!