NEW! Investment Companies Centre

Forum Energy (FEP)

Sector:

Oil & Gas Producers

Market Cap

£9.49m

Change Today

Price Unchanged0.000p ()

Share Price

31.00p

Forum gets 48p a share offer

Date: Friday 25 Jul 2008

LONDON (ShareCast) - A £13.8m cash offer for AIM listed Forum Energy has sent the Philippine-focussed oil and gas group sharply higher Friday.

Philex Petroleum Corporation (PPC), 51% owned by Philex Mining Corporation (PMC), wants to buy the shares it doesn’t already own for 48p each.

PMC owns 51% of FEC Resources, which holds 8.55m Forum shares, or 29.78% of the business, meaning that PPC and its associates own 12.55m shares or almost 44% of Forum.

Forum said the offer is only being made because the rules of the Takeover Code require PPC to do so following its acquisition of 4m shares on 1 July.

Bosses will consider the deal when they receive the offer documents, but advise Forum's shareholders to take no action at the moment.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Forum Energy Market Data

Currency UK Pounds
Share Price 31.00p  
Closing Price Change 0.000p
52 Week High 51.00
52 Week Low 19.00
Volume 0
Shares Issued 30.62m
Market Cap £9.49m
Beta 0.18
RiskGrade 386

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
40.30% above the market average40.30% above the market average40.30% above the market average40.30% above the market average40.30% above the market average
36.21% above the sector average36.21% above the sector average36.21% above the sector average36.21% above the sector average36.21% above the sector average
Price Trend
55.16% above the market average55.16% above the market average55.16% above the market average55.16% above the market average55.16% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income Not Available
Growth
12.93% above the market average12.93% above the market average12.93% above the market average12.93% above the market average12.93% above the market average
14.67% below the sector average14.67% below the sector average14.67% below the sector average14.67% below the sector average14.67% below the sector average
Price Chg 6m
66.69% above the market average66.69% above the market average66.69% above the market average66.69% above the market average66.69% above the market average
79.20% above the sector average79.20% above the sector average79.20% above the sector average79.20% above the sector average79.20% above the sector average
P/E Not Available
PEG Not Available
Dividend Yield Not Available
EPS Growth Not Available
Operating Margin
85.77% below the market average85.77% below the market average85.77% below the market average85.77% below the market average85.77% below the market average
55.29% below the sector average55.29% below the sector average55.29% below the sector average55.29% below the sector average55.29% below the sector average

Forum Energy Dividends

No dividends found

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

Forum Energy Key Personnel

Chair Alan B Henderson
CEO Walter William Brown

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).