We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Usually I'd be happy at the prospect of a takeover but in this case I have the feeling Mills and co will try and buy the company on the cheap. This could leave many PI's (including myself) significantly out of pocket. Hoping to average down soon at the current SP does seem a bit too cheap. Fingers crossed I'll manage it in time . . .
With hindsight looks like a good move to sell off the utility assets as they are now debt free with cash in the bank. SP should be fire proofed for next few months and they are better off than most other companies most of which are debt laden.
Might even be another takeover. Who knows?
jab
EU capacity market reg - stopped Dunamis - ruling later changed
Not sure there will be a trading update at end of March. There would be little to add to that of 4 March which lists all Dunamis new contract awards. Does anyone know about Dunamis "quarantine?.
Christopher,
What do you mean by "Dunamis quarantine?
Have I missed something?
Echo, I think Mills is hoping to do exactly that. Have a look at his track record and his corporate web site...it tells you all you need to know.
the 16p was some years ago!!!
Echo
I think that there has been a lot of spec talk - about bayford and now mills.
this will be the business.
Blackrock dumped - imo because Harrison took the wrong route to try to balance the shortfall from Dunamis quarantine. Buy pipelines with the OD
I bought my orig holding at about 16p - added since of course
I have to sit and wait. See the RNS before the end of March.
Fair enough JL
Happy to hear some positive sentiment from you
No I don't Echo 1
Anyone else thinking we’re going to end up getting bought on the cheap?
I see they are continuing to buy.
Both acting per pro clients.
R & M at the beginning of the month. Killick uplift 0.42% - ca 888,000.
You will also have noticed that River and Mercantile have reduced their stake whilst Killick &Co have increased theirs (they are buying on behalf of a client). This may explain the two recent large reported transactions.
The question is; who is Killick acting for?
I recall you mentioning this before and I'm not sure you understand the process.
If he wants to support an mbo he will make an offer to all shareholders and will need (subject to the company articles ) either 75%,90% or any such number as is specified, for the bid to be successful.
The 30% to which you refer is the percentage shareholding someone can own before they have to make a bid. In other words, once 30% is reached, unless otherwise permitted by the Stock Exchange, they have to make an offer to all shareholders.
he needs 30%
runs what is effectively a vulture fund. My only fear here is that he'll take the opportunity of a seriously depressed price to back an mbo. And the chairman's clear conflict of interest will need to be scrutinized.