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Blackstone takeover vote by shareholders at general meeting in February ...great news!
https://www.morningstar.co.uk/uk/news/AN_1611051295070574600/applegreen-sets-shareholder-meetings-to-approve-takeover-by-blackstone.aspx
Some other movement in petrol retail in europe
https://uk.finance.yahoo.com/news/billionaire-issa-brothers-snap-up-german-petrol-chain-for-440m-112034877.html
Thanks.
I think i will wait for the formal takeover. Does not suit me to take cash before 1st January due to CGT
8.3 is a disclosure form. To show takeover panel who owns material interests.
Is form 8.3 a first notification of purchase of shares.
I’m sure if the Eg group brothers were not stuffed full of Asda they would be taking a look. Which PE group own MFG? May also wake them up. This sector is PE bread and butter given its leverage Le and consolidating - lever it up, build it up, lever it up some more, build it up some more. Can create big equity IRRs by pushing the balance sheet which public markets don’t seem to like.
Yes, the offer price is only circa the pre covid price. I will hang in there, however i do not see any doubt the deal will go ahead.
There will be second offer 6.70
We’re there some suspicious transactions? No doubt will be investigated. I’m in at 3 quid so would accept the offer but the fact the founder is staying in tells you all you need to know. It’s a bargain price. More chance of a competing bid than this falling apart. Check out the recent transaction multiples in the sector. Joke for the supposedly independent board that examined the price to say it’s good value. It isn’t and is below the mkt and they know it.
Hi bornagain, Was thinking the same. Its only really a problem if the offer does not happen!
Will there be an investigation about insider info regarding yesterdays trades ?
7 euros only
Good news, I bought in here in March at 2.08 euro. Had hoped for a privatisation for this and GNC. While news is good, the valuation is not great, agree with Soder comments
Blackstone and B&J. If you could take illiquidity this was an absolute no brainier but people just could see the wood for the trees. PE will help the CEO realise value here and for the record it’s worth we’ll more than euro 5.75 a share and when they flip in in a few years they will make 2x that. A nice little Xmas present still for holders.
NCYT next.
Told ya. Booooo ya.
Agree, undervalued , very little trading being done
Still under 4 euros - crazy
This stocks falls under the radar as the mkt makers refuse to make a proper kit so you have a huge spread to trade. Cowards. If you ignore that. Just look at the valuation eurorgagres sold a stake at last week versus this. When volumes recover next year this will double in price. Same buy and build strategy. Arguably the business is worth more in private equity hands and would not be surprised to see the founder and biggest shareholder approached by PE. Lever it up, build it up, flog it off.
Keep a eye on this one i feel a takeover bid!
Not for long, no more boring appplegreen its heading for 11 euros
Suprised no more posiive reaction , share seems stuck in a rutt.
Still a chance here to get in Well below the ipo price but with motorists down and social distancing required in stores you can see why they’ve had a hit to the SP
One I’ve watched from day one, but not invested here
What’s going on here. A lot of positivity but what’s behind it ?
Hi, just invested in Applegreen for the first time, two Petrol Stations in my area always busy, wanted to invest earlier in year but P/E at that time was too high. At current levels looks good long term company
Even more interesting
https://www.checkout.ie/retail/uk-government-reportedly-asks-93901