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Good morning,I’m curious as which shares you people will re invest your Mnzs profits from.
ATB
GLA
I think NAS have overplayed this. There are now committed at 19% ownership. at 605p
Clearly they have succeeded in convincing some major shareholders to sell at 605p. That is the only way to buy that sort of volume. However by doing this they have now created a problem for themselves, all the other major shareholders that they need to sell to increase their stake to 50% now have a ransom strip and can negotiate a much better price than 605p. They can set the new sale price at 700p plus and not sell. Do NAS really want to exist as a 19% shareholder of course not. This is why the board did not engage with them....this was a trap for the hostile take over...I don't think they will be able to increase their position from 19% at 605p...all further buys are at 700p plus. Let them buy enough so they are fully committed and then hold them ransom.
Playing the hostile takeover without having a majority of Shareholders (51%) agreeable to sell at 605p is a mistake and they will be punished for it.
The hostile take over is far too slow and has created the perfect situation for the board to hold them at ransom...well played Phillip, clearly not his first rodeo. Give them enough to be fully committed, now they will have to buy more at a higher price to protect the 19% invested.
This is more a Sloth takeover than a hostile one. This deal is done at 700p plus.
I think there just going to make the £6.05 offer as of this Monday in my opinion .Obviously there have been plenty of happy sellers at this price.I don’t see no white knight popping up with counter bid i can only see very good results and contract updates pushing this any higher.But as I’ve said sitting on my hands for now but there’s going to other opportunities to reinvest in coming up.
This could certainly be pushed up to 700p
''Ale Pasetti, head of The Loadstar Premium, which will cover the bid in detail tomorrow, said the share purchase was “clearly part of a hostile strategy”.
One investor told The Loadstar yesterday that Agility had been doing investor surveys to get a feel for the right price, and he hoped to see a 600p or even 700p offer.
Today he said: “Wow! Good price.”
But he also wondered whether Menzies could find a ‘white knight’ – a ‘friendly’ investor that takes over the company in the face of a hostile bid.''
I actually feel bad for the management - not sure they could be faulted in recent years and here they are about to lose the company via a hostile takeover! It's a shame that the share price / company was so undervalued that it could practically be stolen.
Anyways - I guess we'll all walk away with a tidy profit. Definitely not how I saw this going two years ago.
Below I wrote "over 705" but meant "over 605"!!!!!
A fair price at this stage would be £7.50 given that nothing is certain in this world.
If there is no sale, then two years time could see the share price @ £9 if and a big if, no pandemic, no war etc
Selling up if it gets to 650 here. A bird in the hand and all that. Sell before the peak, (no I not anyone truly knows .... other than NAS ofcourse) d/ buy after bottomed out.
Risk Vs reward assessment kicking in. Personally happy to forgo 50p / share ...... potentially.
Think this may pan out till results which could be good for the upside if there better than expected or we close any new contract wins ,as it stands £6.05 is the floor or they just get stuck with a holding and don’t proceed with a offer.
I thought anything in the 400s was reasonable, so what do I know!!! A sidge over 705 may take it; or they may just walk away. Results are due in three weeks. That may settle the situation.
I originally bought MNZS at 105 in early 2020 - with faith that the share price would make a come back. I'm somewhat twitchy about the next steps, but prepared to wait it out.
What do you feel is a fair or realistic offer, considering yesterday's turn of events? 625? 650? Though I would love for it to be 705 - I don't know if that's realistic. Would love to hear your thoughts.
Yep, in around 650 - 700p
If they will pay 605p they will pay 705p.
No surrender...drag them over the fiery coals of hell if they want to buy us.
NAS are listed in Dubai, so an all-cash deal would be the only acceptable deal.
Well this was my favourite stock to make good return this year and next but looks it’s come early.Will wait now till confirmed offer if close to offer price may just sell as I do not see any other parties coming forward.Will now move Elementis to my favourite recovery takeover play.
regardless whether it is cash or shares, you will have the option of being able to sell it once the deal is announced,
If the deal is confirmed the share price will move very close to that , 1-2% lesser may be.
Presently looks like a cash offer.
This all depends on whether the final sale (if there is one) is fully cash or cash plus shares in NAS. The latter is not preferential due to where NAS are listed.
Shares disappear from your account. Cash appears.
And there is probably a higher offer to come.
Hi everyone, thank you for all your comments, they are really insightful. Can I ask one question please? If NAS purchase MNZS for 605p, will or shares be automatically changed into cash or will we then own shares in NAS? I apologies for my ignorance on the topic. Thanks all.
Great news to see NAS are now committed to this. Purchasing a 13.2% stake @ 605p means there's very little reason to sell just yet. The potential upside definitely exceeds the potential downside of holding.
Well done to you Kerching.
But imo this is now derisked especially with NAs buying 13% stake... It deomstrates their seriousness and that they are ready to pay price upwards 605+, so deal is more than likely to go trhough imo.
Just sold my holding with a very nice return, (a little tinge of sadness that yet another British company may fall into foriegn ownership).
All those still holding good luck and i hope theres better to come. GLA