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Imperial Energy Corporation (IEC)

Sector:

Oil & Gas Producers

Index:

FTSE 250

Market Cap

£1,011.69m

Change Today

Price Down-5.50p ()

Share Price

989.50p

Sinopec rules out Imperial bid

Date: Thursday 28 Aug 2008

LONDON (ShareCast) - Sinopec International revealed that it is no longer considering making a bid for Russia-focused oil producer Imperial Energy.

"Further to press commentary regarding a possible offer for Imperial Energy, Sinopec International Petroleum Exploration and Production Corporation announces that they are no longer considering making an offer for Imperial," said the group.

On Tuesday, Imperial was finalising terms on a possible agreed offer for the company.

The company expects to recommend acceptance of an offer from ONGC Videsh on the basis of 1,250p per Imperial share. The terms of the potential offer value the whole of Imperial Energy at about £1.4bn.

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.

 

IEC Market Data

Currency UK Pounds
Share Price 989.50p Price Down
Change Today -5.50p
52 Week High 1,814.00
52 Week Low 756.00
Volume 425,563
Shares Issued 102.24m
Market Cap £1,011.69m
Beta 0.42
RiskGrade 378

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
83.88% below the market average83.88% below the market average83.88% below the market average83.88% below the market average83.88% below the market average
89.47% below the sector average89.47% below the sector average89.47% below the sector average89.47% below the sector average89.47% below the sector average
Price Trend
85.87% above the market average85.87% above the market average85.87% above the market average85.87% above the market average85.87% above the market average
91.94% above the sector average91.94% above the sector average91.94% above the sector average91.94% above the sector average91.94% above the sector average
Income Not Available
Growth
25.69% above the market average25.69% above the market average25.69% above the market average25.69% above the market average25.69% above the market average
27.03% above the sector average27.03% above the sector average27.03% above the sector average27.03% above the sector average27.03% above the sector average
Price Chg 6m
91.47% above the market average91.47% above the market average91.47% above the market average91.47% above the market average91.47% above the market average
96.77% above the sector average96.77% above the sector average96.77% above the sector average96.77% above the sector average96.77% above the sector average
P/E Not Available
PEG Not Available
Dividend Yield Not Available
EPS Growth Not Available
Operating Margin
80.7% below the market average80.7% below the market average80.7% below the market average80.7% below the market average80.7% below the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IEC Dividends

No dividends found

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

IEC Key Personnel

COO Christopher Hopkinson
CFO Denis Kurochkin
Finance Director T Guy K Smith
Finance Director John Hamilton

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