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Good 2 page article by Bearbull who suggests 200p should be minimum takeout price.
Thanks. Would be great to see 200p plus. Maybe some more clarity on the companies future in may with the AGM would be nice. Perhaps not many more extensions left to go before they decide enough is enough. I agree valuation dosent really make sense based on growth.
Lifted from the ADVFN forums board (all credit to users there 'Mr Stephens' and 'carcosa'):
"Summarising the IC article:
The article examines the puzzling situation surrounding Equals Group, a fast-growing payments company that has been exploring a potential sale since October 2023. Despite its excellent technology, strong customer relationships, multiple revenue streams, and a massive total addressable market, Equals' shares have traded at a lowly valuation.
In October, news leaked that Equals had instructed its broker to gauge interest from potential buyers, prompting it to disclose that private equity firms Madison Dearborn and a consortium of Embedded Finance/TowerBrook Capital were considering bids. This kicked off a "put up or shut up" bid period under UK takeover rules.
However, over six months later, neither party has tabled a firm cash offer. The bid deadlines have been repeatedly extended, with the companies citing a need for further due diligence time. Equals itself has acknowledged the protracted process needs to reach a conclusion soon.
The article raises questions about why Equals is so intent on pursuing an outright sale. Its messaging has been muddled - suggesting a sale may maximize shareholder value, but also touting share buybacks to correct the undervaluation. The board has not clearly articulated what a fair takeover premium would be.
There are doubts about whether a bidding war will even materialize after such a drawn-out process. The low absolute and relative valuations of UK equities currently provide little incentive for bidders to pay up.
The article contrasts Equals' low valuation multiples to that of peer Alpha Group, despite their similar growth profiles. It argues that unless a formal bid tops 200p per share, representing a 50%+ premium, shareholders should demand answers from the board on why they are depriving investors of benefiting from Equals' strong growth prospects independently.
With the AGM coming in May, the article posits the board must soon bring clarity - either a compelling takeover offer or an acknowledgment they are remaining independent and outlining a plan to capitalize on the company's growth momentum and boost the undervalued share price themselves.
In summary, the piece critically analyses the opaque takeover process at Equals, questioning the board's intentions and arguing they must provide a clear path forward that maximizes value for shareholders, whether through a sale with a significant premium or articulating a plan to unlock value on a standalone basis.
It also suggests the bid price has to be 200+p and its more than likely a takeover will actually occur."
Is that not nuts.. it’s almost £1.30 anyway. Thought bids were usually +20% plus on current
????
Best bid they have had so far is 135p....ur dreaming for 170p
Im convinced the SP would be higher if TO was off the table. Especially after the results we just posted.....
I so wish LSE could do some gifs -This is a slow grind and I will keep the faith as they say…
Come on equals the market is moving
I believe a possible number for company ha to be £1.70 minimum
I see RNS about dividend today amongst the usual 8.3 and 8.5 forms.
Equals Group PLC (AIM:EQLS), the fintech payments group focused on the Enterprise and SME marketplace, announces the relevant dates for the proposed final dividend of 1.0 pence per share announced in the final results published on 16 April 2024 ('Final Dividend'). The Final Dividend will be payable to shareholders on the register as at 7 June 2024, subject to shareholder approval at the Company's Annual General Meeting on 21 May 2024. The associated ex-dividend date will be 6 June 2024 with a payment date of 28 June 2024.
Impressive fundamental, shown on the lse. Webpage, seem to indicate that an offer for the company, would have to be very expensive from the offering party. Equals, is a company going places, with such a positive financial business. The small rise today and current price equaling the open price, although decent volume, implies sp, hesitation, so from a technical chart view, if some kind of retracement , previous highs at 126 and 128, might be attractive place, to add to positions, in equity.
Would be nice!
Ups the ante on any offer the more it rises before PUSU close.
Heading up to £1.50 this week
IST and the board don’t seem the type to be leaky but great to see new highs.
Starting to head up now. Hopefully close above 130p. Up on a down day for the Markets too is nice
Sorry zebbo....just saw you posted first !
Are these interested parties waiting for the other one to name their price first I ask myself?
When selling a house. If you are in a good financial position with good earnings visibility you can afford to sit and wait for what you believe is the full market value. To the contrary should you be struggling financially you maybe inclined to sell out at below market value. Imo the board are doing a fine job in their continued stewardship of the business but also in standing firm at the negotiating table .
We were very unlucky yesterday, due to the wider market sell off what should have been a nice 3%~5% rise was very subdued, without doubt 50% potential upside here over the next 12months takeover or not , one to hold and not stress about day to day fluctuations.
Have a good day all .
What was the bid price before as this seems to be going on for a long time
The extension message is v positive IMO, looks like they are seeing who will pony up the most - 1.75 is my guess, but could be higher based on yesterdays results
This will likely depress the share price for a while. I suppose the positive is that neither potential bidders have walked away.
OMG not again.I don't think I've ever known a ridiculous situation like this.What the hell do you do,wait or sell?
“ Whilst the Board recognises the time elapsed since the commencement of the Strategic Review, having now received indicative non-binding proposals from both MDP and the Consortium, it considers it to be in the best interests of shareholders that the Strategic Review remains ongoing to allow further time for it to reach its conclusion.”
Yes read it closely. Sounds like we getting a deal at a price we would accept or they would have ended it…
Have you read it?
Another extension ffs 🤦♂️