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Agreed Ventura, 450 was the average. They would be buying in a range from 250 to 700 hence why their final buying price would have to be 700. I wouldn't accept it but I fear lots here would.
DRB, I think if someone bought 50% of the company the share price would be higher than £4.50.
Not the sort of thing you can hide buying 35 million shares its it ?
So going by the Bourse rules, those who got in at say £7, could well be rodgered, and even if going by the other theory of the 12m high, a buyer would only now have to wait until april 2022 to get a bargain.
Parkez, read the post again.
Solely and slowly are two completely different words with completely different meanings :-)
Cheers B2. 3 little words make a big difference. By the acquirer.
Amazing to think that given the sentiment of the year to date that some billionaire could start filling his boots to 50% and get an average of say 450. Put a bid in for rest at say 700 and end up owning 100% of ncyt for an average of 575. Just over £400m. That's almost better than my average.
I posted this regn. on 08.10.21 -
source https://novacyt.com/aim-rule-26/#aim-takeover
"The Company is not subject to the UK City Code on Takeovers and Mergers. However, French law contains provisions relating to takeovers of certain companies, including the Company.
The General Regulation of the Autorité Des Marchés Financiers of France (the AMF) applies to the Company, as it is a public limited company whose shares were first admitted to trading on Euronext Growth Paris, if an acquisition of shares in such a company were to increase the aggregate holding of the acquirer and its concert parties to interests in shares carrying 50 per cent. or more of the share capital or voting rights in the company, the acquirer and its concert parties would be required (except with the consent of the AMF) to make a cash offer for the outstanding shares at a price not less than the highest price paid for the shares by the acquirer or its concert parties during the previous twelve months."
JM2c
" as we move slowly away from covid". Really don't understand this statement....covid is going nowhere, it will evolve and be more of a danger to humanity in 10 yrs than it is now.
And I have no pleasure in believing that personal forecast...
Apologies chaps if that is the case. I must have missed that bit. Not interested in a takeover happening regardless as there is still so much value to be unlocked here. It's been bumpy but we're just at the start. It will smooth out once we move solely away from covid.
Hi Larry, I don't have names unfortunately, I'm going by the summary upon Linkedin for where the employees lives, this past week employees within France increased to three. Might mean something, but could be nothing.
That's my understanding as well CT.
The highest market sp price in the last twelve months (having to be paid)has been an urban myth on here for ages. And in any case, the speculation on here over a takeover is in my opinion, just that (speculation).
Anyway, it looks as if a sensible re-rate is starting off the back of the fundamentals so lets all hopefully enjoy a bit of a recovery.
Valju, hope the Meursault was as nice as you described. I changed my mind on the Bordeaux in the end as Lady Brent did not want to partake last night and I knew I would be weak and drink the bottle! So I switched to a half of Bolly. Yum!
Enjoy the weekend and the anticipation for Monday folks.
So all these changes at the top.
Why is the debate? GM obviously pushed out as looking to work on. That much is obvious I think.
So why was he pushed out, is it due to the DHSC issue or something else?
Theres a misconception (i made the same mistake) that any bid would have to be equal or over the 12 month high.
However, the french rules state that a bidder must pay the highest price *they* paid in the previous 12 months.
A vast fortune is relative to the person and their exposure so impossible to know if one will be made or not. In 2-3 years most of us will expect to be 10 fold from where we are today. If you have the nerve to hold then fortunes will be made.
Here you all go again fantasising about a buyout. As I’ve said in the past, a buyout is a very rare thing, furthermore a buyout that gives small investors a very large chunk of money is almost unheard of.
It’s not going to happen here, what is going to happen is this company is going to continue to make money and add to its cash balance and/or do the odd takeover of its own, therefore enhancing its value even further. Just hold on and the pay day will come but it won’t come overnight and it’s not going to make you a vast fortune.
Neilrich, interesting.
AT december 31, 2020, novacyt had no more employees in France (FY report).
Could you give me thé names, maybe on twitter in private, if you found those people ?
I can’t see it as an eventuality as the % held by IIs is too low, plus no TR1s, plus the rules in France for making an offer.
Given that we have discussed many times and arrived at, that a buyer would have to stump up at least the highest price of the last 12 months, wouldn't it make more sense to buy what you can on the open market at 250-400 say and then make an offer for the rest around 1200. This could make their average about 900-1000. £700m for a company churning over £40-60m EBITDA per annum. That would be good value based on today but we all know the real value of ncyt lies in its future potential. Bags of potential. At 1200 there is only one party getting a good deal and it won't be us. Ncyt needs time to flourish and realise it's potential. Then we'll discuss TO prices. Right now it is us who should be doing the Takeovers.
*someone else*
If someone had written that scenario it would.....
£54 a share, lol.
I love it Sonic and if your scenario is correct they can have all my so called "golden tickets".
It would appear that the Novacyt headcount is increasing within France, based upon Linkedin, there's been a 50% increase from 2 to 3 employees.
The ability for some people to completely make a up scenario is really quite amusing.
If the company was selling then it would want to attract as many bidders as possible and would not have a CEO that is effectively working on behalf of another company.
Let’s just hope Fridays market positivity will continue next week.
....for something not to be afoot, couple with the reported mood of the AGM.
It's like DA has been parachuted in and the rest of the board know it.
I guess the conversation could go something like
BUYER: We want to buy you out
NCYT: For how much?
BUYER: £7.50 a share
NCYT: We would like to wait for the DHSC dispute to be resolved before negotiating a value
BUYER: OK but we want someone we know running the show now beforehand to execute our planned strategy or we will go hostile.
NCYT: OK and if we win the case it's £12 a share
BUYER: Its a deal.