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the parties reaching final agreement on the ‘other terms and conditions’ of the Potential Combination
So this is about who gets what jobs. It seems likely a friendly takeover so taking their time.
The Boards of Stagecoach and National Express continue to believe that the Potential Combination would be a strategically compelling proposition delivering strong value creation for both sets of shareholders.Reckon an announcement and bid will go through in the next 2 weeks. They must be close
Good news. Looks like a deal is definitely going to happen now.
BODs wouldn’t bother investing all this time unless it was worth doing a deal that works for both companies.
Tells me they believe there is more value to be gained and they wouldn’t bother extending unless they were doing a deal. This will help both parties to establish what extra Nex can offer.
Another extension to 14 Dec,looks like it will happen but more talks
seems This will tank further
Why is everyone fretting? If it comes off or not there is little point in fretting about it. Ask yourself why you bought in in the first place. A rock solid company that has had its price trashed due covid. I have been buying travel stocks since the start of the pandemic as I guessed it would only be a matter of time before covid was a distant memory and these companies would bounce back to pre covid prices. Just ask yourself if I bought in today at 77p where will my investment be in two years time.
That said SGC has been a great trading share of late as it has bounced up and down between 75/85.
With the 15% drop since the investment group rumour of a bidding battle with Nat ex a couple of weeks ago, is the consensus now that bidders aren’t circling overhead ready to bid?
I’m concerned this won’t come off in the short term but it am confident that if/when industrial actions and COVID with the possible restrictions reintroduced and these then subsequently sorted out that this will return to being the preferred travel option for the masses ( with carbon emission targets being tightened too ) I do think however that if the takeover merger doesn’t come off soon that this will plunge again. I do hope I’m wrong, I usually am.
Don't worry CHRI55 you bought 10K at fridays low you wont loose much.You can always wait for the P/E investor to make their move
I think worst case scenario it would be delayed.
Chri55, you still reading those Enid Blyton books in your bedsit?
Is it a known known though or an unknown known and if it is an unknown known who knows what the unknown known is?
Will take care of margin issues. If wages increase 10% they’d only have to add 5-10p on the average fare to maintain or improve margins
A small price increase will take care of those issues immediately
Think the two additional factors that could adversely affect profits are the rise in fuel costs and wage pressures from drivers. Margins are already quite low. Has this been priced in? Lots of focus on NEC. Got out just below 90p at height of excitement. Holding off diving back in for now. GLA.
Whatever happens they are certainly making a bit of a meal of it. I hope SGC aren't overplaying their hand and NEX get tired of it and walk away.
I am pretty sure a new offer is coming to the table later today. I expect this to open in the blue and end the day back above 80p. This has proved a great trading share the past month or so bumping up and down between 75/85
Indeed. Noticed that most takeover RNSs including ours have always been on Tuesdays so thought it unlikely today
Keeping us guessing no RNS at 0700 Monday so If not during the day tomorrow it is then
Agreed. Companies often low ball first offer and expect to add 10-20% counter offer later
I agree but I think speculators got in hoping for takeover announcement sooner and then bottled it thinking it isn’t going to happen. That could of course be the case. If NEX pull out maybe PE will swoop in with an offer. If they don’t then will have to wait for SP to recover with good covid news over next 3-6 months. Stock pickers will be looking a companies with much higher pre pandemic SP so think this will bode well for us. We’ll be good whatever, just a matter of timing
If due diligence by NEX has not revealed any unpleasant surprises and the two founders of SGC have not over played their hands, I am guessing 0.4 NEX shares for each SGC share.
I was worried by the drop of the sp just before the close on Friday. It certainly wasn't justified by the ratio of sells to buys. Some suggested it was because the market had heard the talks with NEX had failed. However it is encouraging there are no reports in the media over the weekend about the talks on the verge of break down or NEX walking away.
Not convinced of an offer after the near 5% drop Friday in the last 30 mins,we will soon see
Predictive text…let me try again
NEX price £2.38 at 0.36 shares gives you 85p. Rumour PE offering 91p for £500m cash offer.
I reckon they’ll go in with an offer of 0.40 shares which equates to 95p
What does everyone else think? Just for a bit of fun
NEX price £2.38 at 0.36 shares gives you 85p. Rumour PE offering 91p for £500m cash offer.
I reckon they’ll go in with an offer of 0.4 shares which equates to 95p
What does everyone else think? Just got a bit of fun