> 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

You would have thought so! I wonder if a company has ever reduced it's offer as market conditions change??? Am still holding as I knew it would be a long, drawn out affair.

Can't make my mind up whether to keep trading this & risk being out when the t/o happens or just hold & hope that the final outcome is 1250p!

Harrycat : I did the same thing with Northgate Info Solutions (NIS) a while back...in and out all the time and got caught out when the takeover came ....could have cursed !.

anyone think this worth a shot at these prices? big risk is if t/o doesn't happen
Alex

one would have thought so, but it is somewhat concerning that there has been no news recently re completion

isn't it less than 4 weks away now?

Yes I do. A bit early yet as U.S. won't make a decision until thurs at the earliest, but once they do this should return to the 10-11 range, imo.

i have been brave and bought a few more, though a bit late in the day at 995

but that is lloking cheap now as IEC have suddenly rocketed to 1050

Hi Rich, sorry off thread, but have you been keeping a close eye on TAN. Very positive at the mo, and looking good for a total recovery. IMHO DYOR.

hope u r right as still hold 10k of the damn things .... peanut money i know, but would be very nice indeed if TAN managed to wheedle its way back into favour!

IEC looks like a good investment at anywhere near 10. Already in profit & looking good this morning at 1063p.

at 1092, no longer the out and out bargain it was a few days ago ...... though the agreed bid is at 1250, there is still an element of doubt re completion, and also the time factor (i know it is allegedly only about 4 weeks away), so a discount of about 10% is not unreasonable

looking useful buy level again at +/-960 considering accepted bid of 1250 already on table

In & out imo, as it's possible this may not go ahead at the price. Oil price expected to fall further.

looking cheap if t/o offer still good

At long last some good news for my portfolio....(see afx) !.

ALMATY, Oct 9 (Reuters) -" Indian state-run oil producer ONGC will seal its deal to buy Russia's Imperial Energy 'any day now', a source close to negotiations told Reuters on Thursday.

In late August India's biggest oil producer agreed a takeover of the mid-sized, London-listed Russian oil producer for $2.6 billion.

'It's ongoing. We should expect the deal to finalise any day now,' said the source, who spoke on condition of anonymity.

In early September India's oil minister Murli Deora said the deal was expected to be completed by the end of this week."

if you have funds, surely IEC is an ace buy today at about 910 with completion of the deal almost certainly imminent (like within a couple of days), with no indication of price being renegotaiated from the promised 1250

Not possible to buy on-line. No quantity being offered.