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I would suggest people to wait for the announcement and not call any strange numbers which could be premium charge, scammers playing on people’s fears. There are rules budders must follow, so wait as you will have 14 days to react if 75% target is reached
Your correct Bakered. The phone number is for the Kaz Share registrar, Computershare. Very unlikely Computershare will have the information before it is anouched via RNS. Wait for RNS, today or first thing tomorrow for confirmation.
DYOR.
There is no option 0
This information is not confirmed on the phone number given. I thought once they got to 75% there is a period for everyone else to accept so that they can delist
made a call on 03707071100 option 0
anilsharma,
can you please post a link confirming this latest development. Have had a look on line but can't find any news update.
Thank you,
saurus
If thats the case how is it there has not been an announcement?
Its been confirmed they now have 75% shareholders the company will delist and the shareholders who did not accept will now be private shareholders in united states.
These are all automated trades by big banks and funds, all done by computers. That’s exactly what they do - earn a few pence with massive volumes translates to sizeable profits
And what of the people buying Kaz shares today, all sorts of numbers don’t think they’re buying to make a penny profit!
morning all , if they don't get 75% then they can`t do anything for 12 months, but maybe if they transfer their shares to a n other then they can start the whole rip off procedure again.
Good point, Falcon. This is indicative of the deal going through. If they got to 75% we should see the announcement later today
Why have Oleg Novachuk and Vladimir Kim transferred all their holdings 39.37% to Nova resources(today and yesterday's RNS) if they're not confident they have the numbers???
By they way, I don't think the bid will succeed. My guess is they will get less than 2% more than they had 2 weeks ago when they declare. Who knows what will happen to the share price on Monday or the next day, but it will be going up. I will look for a buying opportunity when the bid fails. All the best all
Copper steady above 4, KAZ without Russia surely £14. So unless we have obligations to develop, write off the 0.6bn and there we are. Does anyone remember a shareholder vote on the Russian acquisition?
I agree. I expect the takeover will fail.
SP movement is harder to predict, and a rise can turn into a fall if the market in general is having a negative day. I believe that the offer is less than the true value and therefore that the SP will rise.
Thank you.
ever since the last offer the price has been almost flat with very little movement. i think the price has been manipulated to try to coax small investors to sell . VERY DODGEY it stinks.
So less than 24 hours to go. Tension is in the air! I wonder how the directors are feeling right now... ;-)
Presumably we would have already heard if they’d got enough shares to do the takeover. So I imagine they’re feeling rather glum as they won’t be taking their company private... (not gloating, honest). Or will they pull something out of the hat last minute?
So how will the SP react tomorrow pm if it doesn’t go through, one wonders. Dive on disappointment, or rally on relief... ? My money is on the latter...
Hope so as the offer is still way too low in my view. Good to know they won't be able to repeat this shoddy exercise for another year. Looking forward to the share price rising once the bid fails.
All the best,
saurus
As I understand from my broker (Halifax), if Nova receive 90% or more of Kaz shares they intend to exercise their rights and acquire compulsorily the remaining Kaz shares on the same terms as the offer. So, what's to lose by holding, or have I missed something?
No news is good news just one more day to go now, I got a strong feeling bid will get rejected...
The silence of the lack of "chat" gives me a foreboding of a bad outcome
Any significance for Nova Resources holding Rns today? There 10% holding hasn't changed.
Hi sugarpuff,
if you scroll through previous threads or type 'Shakhtar' in the Members Home page search, you'll find he/she has kindly posted detailed information covering every aspect of this attempted takeover.