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Extension granted until 1700hrs on 18th August with provision for another if granted by the Takeover Panel.
So if 1 Squared takeover do we all have to sell and get a cheque in the post or are we going to end up with shares in another company?.
So they want another extension, this is definitely good news coz it still shows that they are still interested in buying the company, so they will offer a higherprice than the previous bid
I always think with these impossible to know as trying to predict what is going on behind closed doors. They could be on the verge of walking away or about the sign the papers or somewhere inbetween. Is it good news, well guess better than news that it's off but definitely not as good news as a big offer.
Think we continue in current range until outcome known.
Take it as good news if offer comes should be a better offer either way think good recovery play only small holding here.
Another extension, how will the market perceive this?
Kelsian abandons pursuit of Go-Ahead. That could br the reason SP is down today
Suspect we will hear something soon, deadline is 5pm so could be after hours.
Davies - Any update on takeover? Sp down today.
davde; spot on your comments; i think this is a yes, at the original offer price, with greater certain cash.
TSSz; no one else is coming in, and 200p is a pipe dream.
MM are really trying hard to get PI’s to sell
Alll I can see from that is a takeover deal completed by tomorrow
I predict 200p+
DYOR
FGP are still discussing the offer, deadline 21/7, when it maybe extended again or a conclusion reached. I suspect the discussions are about increasing the cash element from 118p and reducing the contingent element from 45.6p. If they increase cash element to anywhere in the 135p to 150p range they maybe in business as think the II's will want to deal. It is all about the bidder taking more of a risk re earnout and legacy asset sales. If another bidder comes in (unlikely imv) then a higher price could be achievable. We will see what happens re deadline soon.
I think they will come back with a offer of 200p + hopefully
Market sentiment imv positive day all round. We are due news re takeover as deadline approaches unless they extend again.
SP just jumped up 6p, news leaked for takeover bid
could we have RNS Monday morning, wouldn't want to be out over the weekend
From Trainline's trading update today....
".....In the first four months of FY2023, Trainline's net ticket sales are up 16% versus the same period in FY2020 (pre-COVID)."
Also the following (see the link below) is Wasting cash and making people on the top rich. Also keeping friends in job.
First Bus has announced a major shake up of the management structure of its subsidiary companies which will cut costs particularly senior managers and overheads. It’s a laudable aim as Government Covid financial support comes to an end in a couple of months time and with passenger numbers still 80% of ‘normal’ expectations a raft of cuts to services is inevitable in the autumn.
https://busandtrainuser.com/2022/07/02/a-reverse-move-for-first/
Sorry wasting cash.
Also the following is not wasting cash and making people on the top rich.
First Bus has announced a major shake up of the management structure of its subsidiary companies which will cut costs particularly senior managers and overheads. It’s a laudable aim as Government Covid financial support comes to an end in a couple of months time and with passenger numbers still 80% of ‘normal’ expectations a raft of cuts to services is inevitable in the autumn.
https://busandtrainuser.com/2022/07/02/a-reverse-move-for-first/
and BOE said Russia's invasion of Ukraine left the central bank without a full picture of risks and vulnerabilities.
May be shorts.
What's happening... big drop in share price today ?????
You’re right, I failed to spot that the link was to tube drivers. Couldn’t find an edit button after I spotted it. There are always people affected in any strike and strike action is never taken lightly but as the government are determined to reincarnate Maggie Thatcher to try to take down the unions again what choice is there?? The government say they cannot negotiate and it’s down to network rail and the toc’s but those companies said before that the government hadn’t given the Green light to negotiations!!! The government have now told them what they can give and what they want in return which includes making staff work 3 years longer before retiring, job cuts in track maintenance and staff effectively working an extra day for the same money. Be honest and tell me if you would be happy with all of that. If you’re not in a union your argument comes across as one out of jealousy. If you are in a union shame on you for not supporting workers rights. Will you criticise barristers, school teachers and nhs workers if and when they feel compelled to take the same path?? As for the bail out during the lock down the government bailed everyone out with the furlough scheme and payments for the self employed. Customers are coming back and in some cases in higher numbers than before. Try to get your news from unbiased sources and then you may be able to form more enlightened opinions.
Your little “economics lesson” …
The Government insisted Train Operating Companies kept running trains during the pandemic. At the same time the Government imposed draconian lockdowns and advised everyone other than key workers to WFH. Running costs for staff, maintenance, diesel etc are the same with no passengers so that “big hole” you say the government got the railway out of? It was Government that did the digging. The railway is now back in the Governments hands where it pays a fixed fee to FGP but creams the profits. Almost like it was planned from the start ….
jaffajimo:
hmmmm...thanks for reading the article, it was about London Underground/aka Tube drivers' salaries...just to elucidate.
It's clearly an issue when the RMT calls a strike when children are doing their exams....maybe that isn't an issue for you?
Unfortunately, the strike weapon has collapsed after the WFH transition during the COVID-19 pandemic, so the RMT is looking for fresh victims' lives to destroy. Sure stand up for you rights but not at everyone else's cost. How many people who use the London Underground are paid by the hour, not on happy annual salaries? Not an issue for the train staff and London Underground staff, and absolutely not a problem for Mick Lynch.
BTW, they have all been dug out of a big hole following the pandemic lockdowns...because the system needs customers, which they didn't have.. a little economics lesson for you