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I think we are all stuck until the final decision is made to continue with takeover or not.. deadline was in June/July if memory serves
Anyone know what is happening with this. I accepted the derogatory offer back in December. Spoke to Barclays today and they said the payment date was not known. I am now unable to sell my holding as I have accepted the offer. Can anyone advise?
I only got my corporate action through on Friday for the accept/reject takeover. This is with Halifax. I wonder how many others are so delayed.
I think that this was the best offer that could be expected given the financials, but with those numbers, with only a few weeks to go, I am doubtful that this will complete, and that is before regulatory procedures and due diligence - taken an early hit and sold off all of my holding - we live and learn...
11 mill trade just there.
"ISE, has acquired or agreed to acquire pursuant to the Offer or otherwise 22.23 per cent. of FireAngel Shares."
22.23% of FA. shares seems that II are not keen on the offer? ISE Require 90% of the voting rights for the takeover.
I don't believe the current offer is a good deal and wonder if there will be a revised offer. Any views?
Depending on the level of acceptance the offeror has confirmed its intention to delist or compulsorily acquire the remaining shares at a later date.
Just got my notification through from HL and it states
I’m still 98% down even with recent boost to SP. Presumably I just do nothing in regards to the offer and hope for the best in the new year?
The big question is...... how comfortable are Techem with a Chinese owner having IP and full manufacturing on a key product that is due for production relatively soon
My guess is not very, so watch this space I suggest.
Saw this one coming months ago, but credit to the Board for pulling it off. This is an easy turn-key for Siterwell to step into the EU market with infrastructure in place. They were going to come in anyway, but this is a much cleaner and quicker option for them, and they have a much more extensive product line than that currently offered by FA alone.
Well done to FA. shareholders on trebling their money overnight.
This bodes well for Parity (PTY): market cap. £1.91m. at 1.85p, 2022 revenue £40.6M.
PTY's net debt as at 30.6.23 was only £0.7M., and the company was close to EBITDA break-even.
PTY may well currently be considering takeover overtures.
Nothing under the news on this BB.
Found this somewhere else .
It is an AIM share .
27/10/23
FireAngel Safety Technology Group PLC, more than triple to 6.50 pence, 12-month range 2.00p-10.34p. The company backs a GBP27.7 million takeover from fire safety products maker Siterwell Electronics Co Ltd. Siterwell subsidiary Intelligent Safety Electronics will pay 7.40 pence per FireAngel share, markedly above the home safety products supplier's closing price of 2.10p on Thursday. The price per share is 47% above FireAngel's share price of 5.05p prior to a GBP6.1 million fundraise it undertook in June, and values Coventry-based FireAngel at GBP27.7 million. FireAngel Chair Andrew Blazye says: "FireAngel has a longstanding relationship with ISE through Siterwell, initially as a valued manufacturing partner and more recently as a major shareholder, and the board is confident that it can provide a supportive environment for FireAngel's long term success."
Daily Mail today suggesting good news for share holders with yesterdays 221% gain to 6.5p
But holders buying 31/5/19 at 40p , 16/4/21 at 21p and April of this year at 11p
Not being rewarded for Patience .
Not checked but assume another AIM bad investment .
Looks to me a graveyard index for retail investors .
Crawshaw, I bet you're hoping this doesn't get to 8p !!!
This must be the first time you have actually 'under cooked' a price target.. lol :-)
Great news for all holders!
Going to wait for the full cash settlement.
Nice work Board
Holders up to 7.4p
Outstanding
8p soon Ria?
And then these will be on fire all the way up to 4p
Another Ria classic
I don't see the Chinese supplier buying this company outright. They have swapped some of their outstanding creditor balance for large minority stake, which preserves their ability to supply goods through this channel until a proper buyer can step forward - but taking out the whole company in a public takeover is completely different and would be out of character. The good news (for investors looking at this afresh now) is that new management have come in. They have a mandate to sell, are incentivised to do so and will be given some time and leeway from major shareholders to complete the task. This will find a nice home in a larger group in the next 12-18 months, or if the price goes up materially could even be a vehicle for acquiring other companies. FA certainly has some scale in its own right and would be of interest to a number of different companies trying to get access to home owners, connected home/IoT etc. I'm in this week.
The dates of these options make me believe they fully expect to be still trading in 2 or three years time!!
Current trajectory is for the company to be taken into private ownership (likely by their main supplier) in a distressed sale; their financials are horrible.
The rns was not very good news. However there is a lot going on in the background and if they are lucky the bottom may have been reached. The prospect of increased sales and profit could make this a good time to take a small holding but
it has to be risky. There is a market for their expertise and products. They have a good name and reputation from people I have spoken to but you have to say ' Do you feel lucky' Ramper has blown out at last though..