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https://seekingalpha.com/article/4220406-5-reasons-rpc-group-hidden-gem
RPC price still climbing nicely. Just sold the ones I bought last month at 747p for 808p. Still holding onto the majority and share price just crossed my average purchase price so another share in my portfolio is out of the red. Will top-up again if there is another reasonable dip before any news in December.
Although the new deadline is December, surely somebody will make an offer well before the 3rd deadline! Hoping for an offer price of over £10...
I see it only as a positive sign. Hopefully a bid will materialise before the next deadline.
Must be still arguing about the size of the Christmas party pot.
I think we shall see a bid of around £10.50 - if not then ill keep hold and wait. someone else will snap them up if the price drops further - no brainer
I re-read the last RNS. Suggests that both suitors would need to announce they are not bidding if that is the case. Not sure why both would leave it until the 11th hour to drop out. Would make more sense to leave it to last minute if they are bidding. Unless the process is not yet near completion and they still require more time in which case i expect we will get another deadline rollover.
This is tight. It is a company which is most desirable because it has not reached its potential. That surely is why there are 2 suitors.
BOD are - I am sure - concerned not just with the SP buy out price but the on going management of the business.
I hope the outcome is beneficial for the business and shareholders.
.
Please ignore this posting wrong board
Should we know the events of tomorrow we would be either poorer or richer.
The losers would take to social media and the gainers would bank their gain.
Invest your money or not - take a view and don't complain if the outcome is against your expectations.
MPs seem to think people who invest and lose should I some way be compensated.
As if MPs cared about any but themselves.
JL, I've been watching RPC for a while and currently do not hold either long or short interest. I sense frustration on your part, so I guess you are long. My comments are fair, and no doubt would have others in agreement, especially from an independent no position perspective. If you have experience of PE, then you will know the potential outcomes, not usually good for many apart from the PE team. Lets see how things pan out, and I hope your position is rewarded eventually.
Well Wigan
"the company is worth less in these markets"
Are you an investor hoping for the best for the company if the privatisation route is the real option to deliver"
Or a bystander with no interest with no worthwhile comment!!!
Well, given the general volatility in global markets it’s hard to see PE paying a penny more than necessary. Arguably the company is worth less in these markets than when PE first declared their interest. IMHO there is s risk they could walk, and return next spring with a lower offer, or even walk and quietly support other third parties interested in a deal at an inevitability lower price. These markets are unforgiving at the moment. I would suggest the risk is to the downside at the moment.
Not so sure. Every day that neither declare themselves out is a bonus to me.
Its easy to walk away from a deal. Calling it wrong and buying with big money at stake then they would be castigated.
Saying its not for us is no risk.
But no risk no reward.
These big PE guys dont mess around. 14 trading days left.
Palms will be getting sweaty and bums will be twitching.
Still no idea how it will play out.
600k shares traded - winners and also losers - til we get the deal.
Everything is on its arse at the moment.
I have a few shares that are at critical stages but with nothing substantial that would devalue them but they are down.
Saying that i saw decent recoveries on Friday.
The clock is ticking towards 5th November. Every day that neither party pull out is a positive to me.
Is it a case of who will blink first?
As i have said before as an employee and an investor i am really torn over the outcome.
The week has passed and we PIs have no indication as to any bid.
I have to sit tight - the SP is down nearly £1 per share from the initial euphoria. Worrying?
Yes - but there are still 2 bidders. The business is something two Equity Firms are interested in.
Hope for rewarding news soon. GLA
Is my view - The fact that they are still talking must suggest that the accounting issues are not as big as the Hedgies would pretend or else Bain and Apollo would have pulled out - Trading statement was positive and as a stand alone business could push past £9 by Y/E so win win -
I fancy a rise to 8.50 plus in days/weeks ahead.
Besides the sheep rushing in and out without actually knowing what they are doing with their cash this seems to have found its level around 800p. Personally can't see much volatility for some time closer to 5th November.
Unless of course one of the parties drops out or an offer is tabled.
There is over 5% volatility on the share price within a few hours. The day traders are going to have some fun for a bit longer. Could set-up a limit buy if share goes below say 777p and a limit sell if above 825p and bag 6% before dealing costs. Not bad if it works every couple of days...
Share price to be about £8.60 this morning.
Both furry and the price are a little deflated!
What Bluskyer said. ;@)
Have a great day all. SP still way too low!
Clear post, highlighting the salient points.
Both parties still in consideration is a big factor.
Trading update, it is a strong company, revenue and returns consistently up. Sure debt is high but manageable.
$ to £ will just make us a cheaper takeover. As long as i get my multiple £s.
As to shorters there were so many RNSs flying around i couldnt keep up.
Im no expert but i have some experience but some of those 8.3s and 8.5s had my head spinning.
All i know is i am sticking around, i am an investor not a trader. Buyout or not.
I am looking to gather funds on the chance no offer is tabled and i will pump any spare coin in.
@Mardler the SP is telling me that many reacted too quickly when there was no RNS at 7am thinking no offer was forthcoming not considering an after hours RNS before the 5pm deadline.
Panic ensued and it was oversold then continually recovered from 10.30 on.
I honestly cant see why you say "The market thinks it unlikely either will make a bid, and if they do that it will not be much above current market price." After the initial announcement the SP has ticked up and down in a similar range. This morning it opened at 813p then obviously dived, recovering to 780p. Then we get the RNS after hours.
Excepting the panic today the market is pricing in a potential bid, with some margin if one is not forthcoming.
I still think a nice round £10 offer.
As an employee and shareholder i am somewhat torn. But purely from an investment angle i thought the extension is a positive. A tabled bid would be great but i suspect neither want to blink first.
....as far as I can see, just exchanging viewpoints and opinions!
All v best to everyone long or short, Bull or bear!!