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Oh the brain of Britain is resorting to rude made up names to make his point. So, Dave Mc****face, this is not a distressed company. Rule 9 does not apply. A voluntary takeover would have to be attractive to shareholders. A hostile takeover would require the bidder to acquire 50% of the company or risk having the bid voted down. Don't you think we'd have noticed if someone had acquired 50% of the company? Lol.
Who is having the final laugh?? With rehards to the name calling, it's only to those thag have been doing the same to me if you bothered to look
Not at all, just not willinng to engage with rampers who can't see the wood from the trees lol...to suggest DB would be insulted is laughable. Has he not insulted investors by taking a large salary and deliver nothing in return??? You yhink he cares?
Lol, that the best response you've got? Take that as a compliment coming from you then. I see you tend to resort to insults or name calling on other posts. Telling. Jog on.
Ihphobe another one with a brain of rocking horse.
I think to suggest just maintaing their own salaries is a pretty weak and convoluted argument, and pretty insulting the the board (not to mention if DB's motivation was just to secure his salary, he could just be working for a big company. Have you seen what US medical co's pay their (even mid level) execs? People don't do what he's doing just for the salary, being a CEO is a tough gig, you have to be committed). I note that the co has been in a closed period since last director purchases. I also believe they will a) know full well the potential offer prices b) have to satisfy institutional investors.
Just don't buy your premise that they're going to give it away even if there was a takeover, and it's all so hypothetical I can't quite see why you're belabouring the point anyway? Oh wait, I've seen your posting activity and the names you use for other posters, scratch that last, you're another one.
Inphobe, -whilst i agreee a takeover is unlikely at this stage, i don't agree with the company wanting the highest price possible. What is the incentive?? The mangement team do mot hold many shares. If i was DB my priority would be to secure my £400k salary, which a big diagnostics company can provide. Do you think his interests are saving private investors as the risk of his own salary?
For all this talk of takeovers the co has developed diverse partnerships depending on speciality/region for products. i.e. BC/Cytiva for Cov96 kit, all about workflow & automation, with Divoc for India. Mountain Horse military specialists for the military PoC. Inspiration Healthcare for AIHL. HCV Sysmex afaik. Takeover of course a possibility but I personally don't see it heading that way right now (and if it did I would expect the co to want a far more substantial price than represented by current mcap).
Further, as noted before we know the cash burn and current debt free position. If it is a case of funding becoming necessary (and it appears there may be HCV and poss Military sales in the pipe, with AIHL likely to sell and for my money BC unlikely to fail and a distinct possibility of Divoc orders), then debt financing rather than a placing may be the cheaper route for the company. Jmo
Agreed Roger, like i said it earlier it will be forced through a number of ways. Thpse thinking shareholders will have the upper hand are deluded. Remember the BOD don't hold much shares here, so they will not bd fighting for a better offer. It's all about job and salary security gor them.
Yes Blustington, if people had some common sense, they wpuld have realised no one entity holds that many shares here. Any takeover offer will be from outside if any, makibg this fule redundant anyway. On the current SP the offer will be around the £1 mark anyway.
No apology then…lol.:-)
Fair enough. When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained)
No one entity has been building a stake, so takeover very unlikely....
Check your facts again. The acquirer has to pay the highest price paid by them in the last 12 months, NOT the highest price on the last 12 months. This rule also only applies to existing holders making a take over bid.
Once again people not understanding what they are posting on this board.
No highest price paid by THEM……
Actually it is true :)
When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).
The spread is over 5%? I have a feeling something might spring a long way before the end of September. Blustingdon is correct of course. A takeover will need to be close to the highest closing price in the last year. Not too shabby if you think that's what is going to happen, from here.
Not true I suggest you read it again…But hey nice Friday ramp….:-)
It would have to be the highest price paid in previous 12 months £1.65, READ THE TAKEOVER CODE.
It will be much higher than that imo.
Also I'd expect to hear news about the commercial partners for the POC test soon...
"....Our commercial activities are currently focused on engaging the appropriate commercial partners to be in place in the autumn as the levels of infection undoubtedly rise in many geographies."
They're going to have them in place ready for when the POC gets CE approval. I wondeer if BC will be used for Europe distribution, as it will be launched in Europe first.
Agreed but 50m would not be accepted by the shareholders surely , poc is worth much more
*delay of three months *
If we reach end of Sept with no news on sales or launch of any other products then I expect a choice to be to presented to shareholders by the CEO: accept a take over offer of £50m or huge and repeated raises. I’m trying to think of just how a company such as this, in what must be one of its busiest and most exciting times ever, has pretty much gone silent for nearly 6 months. The fact that the Divoc announcement was heralded with a whimper by GDR is fishy to say the least. I’m leaning once more to DB having made a deal behind closed doors along the lines of once the POC gets the nod from EUA then an offer will be made before the public hears about it.
On every single front news has stopped dead in its tracks. The US DoD, European sales agreement, sudden delay in POC approval of three months. News options are all being closed down one by one. Classic signs there’s a buyer with some serious muscle lining GDR up for dinner. Would love to think of £1.50 per share but the longer the silence the closer it gets to sub £1.