Recent content by sillybilly

Only a slim chance of an improved offer from AGL. The Target's Statement made for dismal reading. It could be said that AGL has saved the shareholders of SGL from a very uncertain future. I guess we will never know. Bill

Here's a piece from Bloomberg. Maybe the Queensland - Hunter pipeline is not dead after all but the estimated cost of $850M would have to classify the patient as "critical". Again, just my opinion. Bill Queensland Hunter’s A$850 Million Gas Line to Proceed (Update1) By Angela...

The moment BG launced their bid for QGC the "proposed" pipeline from Queensland to the Hunter Valley and a subsequent power station were scuttled. This presented an opportunity for SGL which they went on to present publicly via the grand plan they announced in Nov 08. So IMO the news that there...

Col, I think you may be right for two reasons: 1) AJL/BNB have not issued a change in substantial holding notice. 2) One of the annoucements released 24/12/08 is partially titled "Lending Agreement". I'm a little surprised that AGL did not make more out of gaining 50% acceptance...

Hi guys, I sold half of my holding late yesterday. I'm still sitting on several hundred thousand....... I still see no chance of a rival bid. AGL own half of SGL now. A small chance of AGL increasing its offer. Hard to explain the actions of AJL and BNB in accepting what seems to be...

Guys, Here is my speculation........ If AGL don't get to 90% acceptance the share price will tank. In addition, for SGL to continue as a going concern it will quickly have to raise new capital. How will they do this? Life could become very difficult for the retail share holder...

I think it's just a case of people having had enough of SGL. I've held shares since 1999. I know I've had more than enough but am disappointed with the end result. There is a big question for all of us. How badly does AGL want to acquire all of the shares? With more than 50% of the shares...

At the time of this post AGL now own a little over 50% of SGL. The chance of an improved offer seems to be dwindling. The end is near.............but I'm still holding. Bill

AGL have picked up 30% of SGL so far. Looks like they are going to pick up at least 3% at the open. Today being the end of the month and the end of the quarter could mean, despite a shortened trading day, plenty of activity. IMO AGL will be successful with their takeover. Let's face it, AGL...

Guys, The offer is not hostile. It is opportunistic. The SGL Board has accepted the offer. How convenient that there are presently no independent directors. How convenient that the chairman is the CEO of AJL. So on and so on. BNB must be desperate for money. Nice one year return for...

$0.425. Simply not good enough. AGL will not be getting my shares voluntarily. The market reaction will tell the story. Bill

AJL are coming out of the trading halt before the start of trading on Wednesday. I wonder what Santa has for SGL? Bill

I missed AGL being in a trading halt also. Intriguing...... I just hope that the offer is reasonable. Upon reflection, the AGL/SGL joint venture signed in 2005 was totally unreasonable. Bill

Well, well............ Takeover bid for SGL to be announced in the coming days. I assume AJL is the other party. Both are due to exit trading halts next Monday. Bill

Hopefully, the large cross trade on Wednesday signalled the end of the selling that has contributed to the depressed share price since November. There has been a marked improvement in the buying depth. Mind you, his has happened before..........many times. I'll be surprised, but not...