.

Hi 3m, Looks like Range is being heavily shorted. The TT news would be best given on
Monday now. Once we have a clear idea on Europe. Could well be another red day
Friday, perhaps with investors preferring cash.

Tending to give up hope on the lot at the moment, not wishing to be depressing. Running out of cleaning cloths dusting the empty picture frame haha!! Raining again here, hope you had your hose pipe ban restrictions lifted.

Not yet 3m on the hose pipe ban. The rain will water the garden tonight.
The only good point of a low sp at the moment being if PL does go ahead with a share buy back, then more shares can be purchased for a £1.

Horn staying in the blue, up 1.56%

Then that must be a consoldation DC.

Spelling mistake in the above.

shares can also be bought back by a company to return capital to investors and in order to increase the value of shares held by the remaining shareholders. This is because the value of the company remains the same, but the percentage of the company held by the remaining shareholders increases (due to the reduced number of shares over which the value is spread). Therefore, the value of each share increases.

Like we have said before do not want a share consolidation ie 10 shares for one.
Always a bit concerned that the company then can start the issue of more shares.
Happy with the first paragraph not the second.

Shares which are purchased by the company are treated as cancelled and whilst the amount of the authorised share capital is not affected, the issued share capital is reduced. The shares which have been purchased may be re-issued as if those shares had not been issued, subject to the directors having authority to do so and the terms of the company's articles.

ASX rules may differ ?

Aside from paying out free cash flow, repurchases may also be used to signal and/or take advantage of undervaluation. If a firm's manager believes their firm's stock is currently trading below its intrinsic value they may consider repurchases. :-))
A form of dividend.

MMMMMMMMMMMMMMMm!!!!!!!!!!!!!!!!!!!!!!!

no RNS on TT, his flagship and may not match his statement lat week of news this week ! Still haas today though !

DC I can't get my head around around these share buy backs. I don't see why from a shareholders point of view we wouldn't be at least as well off if the cash was distributed as dividend (not withstanding tax considerations).

I thought share buy backs were a scam by management to get their share options to trigger.

Would think TT RNS early next week

SC,The advantage of buy-backs is that, by boosting the share price, they give shareholders capital gains rather than income.

Some companies buy back a small number of shares every year. This is an alternative to increasing the dividend. It also does not commit the company to sustaining the payment in the same way the increasing the dividend would and, again, turns the return into a capital gain rather than income.

Another advantage of a share buy-back is that it gives shareholders more flexibility than a dividend as it allows shareholders to choose when, and if, to sell and realise their cash. This can also help minimise tax.

Shareholders can even, by selling the correct proportion of their holding, get exactly the same amount of cash out of the company as would have been paid if a dividend had been paid instead — however the money may be taxed differently and doing this involves paying broker’s commissions and other expenses of trading.

DC. Thanks for that excellent reply.

May not even happen. Perhaps most of the cash generated from the Texas sale will be put into Colombia and TT.

DC just to say that shares bought back don't have to be cancelled but are often put into treasury. While in treasury thay don't get the dividend, don't count as issued share capital for % holding purposes and are often either sold off later (in such as an equity issue thus avoiding a prospectus in some cases), cancelled, or handed to employees as part of a share scheme.

It makes sense to buy shares while the price is low and sell them later if a need for an equity issue arises. It also hedges a company against a rising price for employee share allotments.

There is now no such thing as authorised capital- it was abolished in the Companies Act 2006.

Thanks c

from ii

http://www.somalinet.com/forums/viewtopic.php?t=308243&p=3698624

http://www.somaliaonline.com/community/showthread.php/65736-Range-Resource-Executive-Says-Puntland-Oil-To-Be-Exported-December-2012.-PICS