You can imagine my surprise and somewhat delight when I checked in on my RL PF and saw Origin up 35% on the day. “Say what”, double take, what the hell? Seems that Bamfield Asset Management have entered into a non binding etc etc to look under the hood and are offering $9 per share if they like what they see. Their original offer in August was around the $7+ mark and management rejected it.

Origin management have recommended holders sell.

I guess BAM couldn’t get AGL somthey are going for Origin instead.

Very happy holder and feeling a bit “shut up and take my money”.

Origin agrees sale of 10 per cent interest in Australia Pacific LNG for $2.12 billion

Origin Energy Limited (Origin) has executed an agreement with global energy investor, EIG, to sell a 10 per cent shareholding in Australia Pacific LNG for $2.12 billion1.

Following completion of the sale, the Australia Pacific LNG joint venture shareholders will comprise ConocoPhillips (37.5 per cent), Origin (27.5 per cent), Sinopec (25 per cent) and EIG (10 per cent).

Origin will retain its existing seats on the Australia Pacific LNG board. EIG will have one board seat, with voting rights commensurate with its 10 per cent shareholding. The divestment will not change Origin’s role as upstream operator, responsible for the upstream exploration, development, and production activities.Origin Sale.pdf

Value of Octopus Energy triples to £3 billion as new investor acquires 7 per cent interest.

Origin Energy Limited (Origin) advises that Octopus Energy Group Limited (Octopus) will continue its rapid expansion, with a fund managed by leading sustainable investor Generation Investment Management (GIM) to invest £211 million to acquire approximately 7 per cent of the company. GIM’s investment values Octopus at approximately £3 billion (A$5.5 billion).

Origin will invest an additional £38 million (~A$70 million*) in Octopus to maintain its 20 per cent equity interest in the company. Octopus is an energy retailer with approximately 5.3 million customer accounts, a technology and software provider licencing its proprietary platform, Kraken, to a growing list of leading energy retailers around the world, and a renewable asset manager with more than £3.4 billion of assets under management. Octopus is also increasingly focused on developing future energy products and services, including the decarbonisation of heat, smart meters and electric vehicle leasing and charging.