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Started: Kernalpop, 10 Sep 2019 13:15
Last post: NotBot, 5 Oct 2019 09:46
Historical share prices: I don't know about online, but when I need them myself I go to my local library where they have an archive (microfiche) of the Financal Times, and look in there for the closing price on the date I need.
Hi all. I’ve been away a while and didn’t know Kcom was taken over until the ‘cheque’ arrived. Does anyone know where I can find the historical share price going back to 2005. I’ve searched and can’t find anything going that far back. Tia
Last post: Roofer61, 14 Aug 2019 13:49
Just received the goodbye cheque Hello to a new boiler and a holiday not a penny going on shares to fund there high life
it's been a good ride along the way, thanks for all the fish.
Last post: Roofer61, 29 Jul 2019 16:31
Last trading day
Started: annomander, 26 Jul 2019 09:48
Last post: annomander, 26 Jul 2019 09:48
Today's the day.
Meeting is at about 11:30am and results should be known soon after.
Started: Truby, 17 Jul 2019 11:28
Last post: Truby, 17 Jul 2019 14:26
Yes, that has to be the plan.
This will give them weight in the vote at the end of the month?
Macquarie bought 130million-odd yesterday at 120.3 so presumably now the auction is complete they are at Liberty to acquire shares to ensure the deal goes through. The amount they bought yesterday represented 25% of the shares outstanding
Started: Truby, 17 Jul 2019 11:08
Last post: Truby, 17 Jul 2019 11:08
I meant someone bought 77 million 120.3. I could well understand them buying at 102.3 lol
Started: Truby, 17 Jul 2019 11:06
Last post: Truby, 17 Jul 2019 11:06
A continuation of Annomander's post... can anyone throw light on why people are, incl stamp duty, paying more than agreed offer price?
PS, three trades for same amount of 5,616,984 and two trades for same amount of 7,671,434. Could it be to shift the shares into another account, with one of the trades being a sell not a buy? I guess that could be the case for the two lots of over 7m but not for the others. Disclosure will follow, so we'll find out if someone has added substantially to their position.
I've been wondering the same thing, especially as stamp duty also has to be paid. I can understand people selling, to capture the profit and be relieved of having to wait for their money, but to buy... perhaps someone else on this board can throw some light on it? Could it be for FX reasons, or tax? I initially sold my entire holding at 109.40 but then got back in quite a bit higher but made more or less the same as had I sold half and kept half, just a convulated way to do it, lol. So I still own now.
Why are people buying kcom shares higher then it will be sold for?
Started: annomander, 14 Jul 2019 22:03
Last post: cardishnor, 15 Jul 2019 10:09
i believe until the vote is accepted by 75% of the shareholders who choose to vote trading can continue.
oh that is just wierd..... currently 119.80, I assume none will break the 120 barrier
Still trades going through!!!!!
Would have though that trading would be suspended, but as yet no RNS stating this
Might release just prior to opening but strange not already done.
So.. what happens now, are Kcom shares put on hold tomorrow or are they still traded?
Seems strange to still be able to buy at 113 if it’s soon going to be sold at 120?
Started: annomander, 12 Jul 2019 18:22
Last post: annomander, 12 Jul 2019 18:22
I feel a bit sorry for them in the end, they gave a good try at 113 and they are a UK company, but...
Started: cardishnor, 12 Jul 2019 18:14
Last post: cardishnor, 12 Jul 2019 18:17
.3 not .8
Final bid Macquarie at 120.8
Started: annomander, 12 Jul 2019 17:22
Last post: annomander, 12 Jul 2019 17:22
from there website
The winner of a week-long takeover battle for Hull broadband provider KCOM is set to be revealed on Friday.
Bidders USS (Universities Superannuation Scheme) and Macquarie have been locked in an auction since Monday, with the takeover price rising throughout the week.
The highest bidder is currently Macquarie, which bid £578m for KCOM on Thursday evening.
Both firms are still in the race to buy KCOM, and will submit final offers for the telecoms company at 5pm on Friday.
The winner will then be revealed.
Started: annomander, 12 Jul 2019 11:34
Last post: annomander, 12 Jul 2019 11:34
Looks like confidence is dropping that their is going to be a big bid.
Started: Roofer61, 12 Jul 2019 09:49
Last post: Roofer61, 12 Jul 2019 09:49
Of buyers coming in someone must be optimistic of a higher offer
Started: annomander, 11 Jul 2019 18:20
Last post: Nigthepig, 11 Jul 2019 19:07
Wasn’t expecting much of an increase today. It’s just one company going higher than the other company from the day before. The potentially interesting day is tomorrow when both companies can put a final bid in. If either company is really determined to takeover Kcom, they will have to put a bid in that they think will be higher than the other companies bid.
Of course if neither company puts a new bid in the figure of 110.8p will win the day.
piffff 0.8p meh
Started: annomander, 11 Jul 2019 18:12
Last post: annomander, 11 Jul 2019 18:12
Not heard any updates of any further bids?
from my understanding, one has a very complex and hefty debt arrangement while the other does not. so if there is a penny in it I suspect they would reject a higher offer
Highly unlikely that Kcom would refuse to accept the highest bid from either of these companies. They have accepted lower bids from both of them since April.
KCOM can still refuse to accept a final bid even if one is higher than the other.
Annomander - Macquirie are allowed to bid today. As long as they put a bid in today, then both companies are allowed a final bid tomorrow. That potentially could be the fun part because neither company will know what the other is bidding. Hence why you are seeing trading today around the 115p to 116p mark. Some people obviously believe the final winning bid will be at least that. Whether it is or not - who knows.
Maybe someone is buying enough voting shares to stop the deal going through when it goes to a vote
Started: cardishnor, 8 Jul 2019 18:43
Last post: cardishnor, 8 Jul 2019 18:43
should see a decent open in the morning now bidding has started...wonder if a 3rd contender will come in this week.
Started: Roofer61, 4 Jul 2019 15:53
Last post: Roofer61, 4 Jul 2019 15:53
Another slight rise. Hopefully another higher offer on the cards
I take the last para to mean that KCOM are not yet obliged to accept either offer and that if a third bidder appears pre 23rd August that bid can be considered. Hence the still increasing SP at opening mid price this morning at 111p. The KCOM said it had consented to the extensions in order to facilitate a potential process under the City Code on Takeovers and Mergers to determine final bids from each of Bidco and MEIF 6 Fibre. It emphasised that there was no certainty that any such process would occur.Come on Virgin, make a bid!!!!
Started: annomander, 27 Jun 2019 13:09
Last post: annomander, 27 Jun 2019 13:09
What implications does the below have?
One of the companies bidding to acquire Hull-based broadband and telecommunications provider KCOM has been granted an extension to its offer.
In April, the Hull-based telecoms group's board recommended an offer of 97p per share from Humber Bidco, a subsidiary of Universities Superannuation Scheme Ltd (USSL), to shareholders. The £504m deal had been set to go before KCOM shareholders at a court meeting and the general meeting on 5 June.
A second offer was received in May from MEIF 6 Fibre, a wholly-owned indirect subsidiary of Macquarie European Infrastructure Fund 6 SCSp - an investment fund managed by Macquarie Infrastructure and Real Assets (Europe). The new bid represents an increase of 11 pence on the USSL offer and values the company at £563m.
Humber Bidco has now reached an agreement with KCOM to extend the shareholder meeting lapsing date to 14 August 2019 and the hearing lapsing date to 23 August 2019.
The company has also announced that it has received written confirmation from the FCA that it has determined unconditionally to approve the acquisition.
The KCOM said it had consented to the extensions in order to facilitate a potential process under the City Code on Takeovers and Mergers to determine final bids from each of Bidco and MEIF 6 Fibre. It emphasised that there was no certainty that any such process would occur.
Perhaps Virgin are showing an interest.
Says on here the high was 109.60? But odd small amounts often trade higher or lower.
Anyone know why they jumped up in price today to 111.60?
Started: jam2morrow, 3 Jun 2019 10:57
Last post: Truby, 3 Jun 2019 12:15
Hi Jam - I did the same, just sold my entire holding at 109.40, and agree a bit of patience has paid off. I considered selling when first bid came in, so got more than 10% more. If I'm leaving another 10% on the table, so be it. I don't want to take the risk of waiting for final outcome, as I had been feeling a tad uneasy in recent days, wondering if the first bid would be approved on JUne 5th or whether it would all unravel. I held on because of big buys by the likes of Sand Grove Capital, who have cleaned up nicely having bought over 20million I think in recent weeks. Well done to them, they helped me too. I remember how sick I felt last Nov when price plummeted, so am feeling very lucky. Good luck to all holders. There may be a few more pennies to be had yet. Overall Kcom has been a reasonable investment, can't work it out exactly as I switched accounts a few times and lost track of purchase prices, but just glad not to have lost my shirt - which I have done in the past on one major investment that turned to dust. Ghastly lesson. So cheerio everyone, and again, good luck :)
If you got in pre 2004, you've done well, doubled your money plus the divi's and until recently, it was a fairly good income share.
I'm out this morning at 109.2p - so patience has paid off here. Over the years I'm probably about even, so not the greatest investment I've made. Good luck if you are staying but it's only cost me £7.50 to sell down so not going to hang around.
Started: Roofer61, 3 Jun 2019 11:20
Last post: Roofer61, 3 Jun 2019 11:20
Has to be minimum plus 10% = £1.19