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Started: ripley94, 6 Jul 2022 17:05
Last post: ripley94, 7 Dec 2023 16:55
The 105p offer left me with a small loss.
Next few days bought Pfizer & NIO Inc 20 & 22 July 22 both well down .
And then it see it paid today at 10am ?
They do not know anything my email yesterday might of helped others as well .
Told money in on 25th July 2022.
Shares swapped for non tradeable ones .
Can not see any monies for this of today ?
Bought them 1/7/19 @ 117p , doubled up 19/5/22 at 100p , average 108.5 .
The 105p offer leaves me with a small loss.
Does anyone know when we will have our shares bought from us ?
Started: nodinero, 29 Jul 2022 12:01
Last post: nodinero, 29 Jul 2022 12:01
There was a cut off date, 5/7 for acceptances. And return of certificates. If you didn't reply, if I recall correctly, it'll be around 6weeks but could be longer depending on process.. I didn't receive the letter until after the date so am just waiting. for settlement
Started: Paultheman12, 27 Jul 2022 11:11
Last post: Paultheman12, 27 Jul 2022 11:11
Can anyone tell me when the payments are due for the share sell off? Ive still not received anything as yet
Started: JTec, 14 Jul 2022 14:05
Last post: JTec, 14 Jul 2022 14:05
Oh well, looks like my shares have been compulsory acquired, as a takeover credit has appeared on my HL account today. I never accepted the offer as my average was £1.80 (had too many other shares needing the cash, so never had the funds to average down, prior to the takeover bid), so was hoping they would remain on my account, perhaps pick up a few dividends along the way & maybe get offered a better price at some point in a future compulsory acquisition, but no such luck.
Well done to anyone who made money, & best of luck in your next endeavours to all you guys out there who lost money like me.
At least the weather is nice..... Take care.
Started: Nova2020, 1 Jul 2022 18:20
Last post: Nova2020, 4 Jul 2022 12:23
my shares are also delisted now on Halifax, so I guess they got to +90%
looks like we're stuck now until the sale is finalised and we get £1.05 per share
wish I'd never heard of blood. SGC like most of the other shares I've bought !
Thanks nova. I only realised when I went on trading 212 and it said delisted and I could not sell my shares. When would I be able to sell now if I wanted to ?. Thanks.
Hi losecontrol - I think you are wrong ?
Halifax are still asking if we will accept the offer from Inframobilty. It says they have agreement on only 81.7% of the shares, and they have to get to 90% valid acceptances or the offer lapses.
I continue to not accept the offer which I hope will lapse, and we retain our company - which will prosper
Craig30 - this is my take on it
- perhaps someone else with deeper knowledge can respond
Started: Craig30, 30 Jun 2022 00:18
Last post: Craig30, 30 Jun 2022 00:18
Can someone explain what will happen to my shares if I have not chosen to sell them ? Thanks.
Started: Nova2020, 13 Jun 2022 19:08
Last post: losecontrol, 15 Jun 2022 13:31
I think they can force it through unfortunately. This is what I received from my broker…I think I’m going to accept it today/tomorrow unless someone gives me a good reason not to, it’s a shame but think the takeover is inevitable.
“Further to our previous correspondence of 24th May 2022, as at 4.30pm on 26th May 2022, Inframobility had received valid acceptances of the Offer in respect of a total of 459,423,863 Stagecoach shares, representing approximately 81.75 percent of the existing issued share capital of Stagecoach. Accordingly, the Offer has been declared wholly unconditional and will remain open until further notice.
As the Offer has been declared unconditional in all respects, Stagecoach intends to procure the making of an application to the London Stock Exchange (LSE) for the cancellation of trading of Stagecoach shares on the Official List and for the cancellation of listing of the shares on the LSE's Main Market for listed securities. The Cancellation of Listing is expected to be on or after 27th June 2022.
If Inframobility receives acceptances under the Offer in respect of, and/or otherwise acquires 90 percent or more of the Stagecoach shares and assuming that all of the other conditions of the Offer have been satisfied or waived, Inframobility intends to exercise its rights pursuant to the provisions of [sections 974-991] of the Companies Act 2006 to acquire compulsorily the remaining Stagecoach shares on the same terms as the Offer.“
If they don't get valid acceptances for 90% of the shares they cannot compulsarily force sale of those shares outstanding, so what happens in that case to shareholders ?
Anyone ?
Started: Nova2020, 27 May 2022 18:21
Last post: Nova2020, 27 May 2022 18:21
Can someone please explain:-
The RNS said that more than 75% threshold has been reached, so the company will be sold. Yet in the announcement they are still stressing the need for shareholders to formerly accept the offer for the shares from Bidco
-why so if they already have acceptances over the threshold ?
Last post: Nova2020, 26 May 2022 09:22
More free shares acquired
Like turkeys voting for Christmas to be cancelled forever
Will the sale go through, it seems they weren’t on track to get enough shares
Started: Southseas7, 23 May 2022 10:31
Last post: Southseas7, 23 May 2022 10:31
The deadline for shareholders to respond to the DWS offer was 21st May. When should there be an announcement ?
Started: ripley94, 19 May 2022 11:59
Last post: ripley94, 19 May 2022 11:59
I noticed the order for 100p had disappeared but there was no indication of a buy at 8.30am .
When I next logged on at 10.35am I saw the order placed GTC on 29th April had executed .
Also saw FT100 down 3.22% at 10.45pm.
Quite a drop !!
RNS from Bico 7am update on acceptances now 14%
Started: CrystalBallBroke, 31 Mar 2022 18:17
Last post: 2sugars, 17 May 2022 19:23
Yes i Think So.
National Express refuses to raise offer for peer Stagecoach.
So 105p other offer it is then .
Also sold, little chance of any further action.
Good luck, wish my limit would get hit!
good luck all
Last post: Nova2020, 11 May 2022 09:23
Seems Bidco now have shares and offers of shares totalling about 30% of SGC
What percentage do they need to make the sale go through ? Thought it needs to be much higher than this
I would prefer not to sell mine
Thank you for your replies.
yeah I got that message too after my last post.
Looks like there's unlikely to be any different outcome, like i said with ANN's share vote and the share volume with voting rights they've accumulated, it's effectively a done deal, even if a better offer was put forward from NEX.
I'm watching the small share price fluctuation and will sell very shortly, so long as i cover the same money as the deal i'm happy, and wont have to wait around to get my money
Duka
FYI, below is the message I received today from H&L.
The Boards of Inframobility UK Bidco Limited and Stagecoach Group plc recently announced the terms of a takeover.
Under the terms of the takeover you’ve been offered 105p for each share held.
If you don’t want to accept the offer you don’t need to do anything at this time. Depending on the level of acceptance the bidder may seek to delist and/or compulsory acquire any remaining shares at a later date.
Accept the offer – Act by noon Thursday 19 May 2022
Think there was a date near start of May
No Corporate Action notification requiring response in my H&L account, that sounds like yours has already decided its final, if so they should have set an end of trading date.
Started: CrystalBallBroke, 25 Mar 2022 17:33
Last post: CrystalBallBroke, 25 Mar 2022 17:42
meant this RNS.... "Offer Update - Threadneedle Share Purchase"
by Pan European Inf, that Bidco is buying up a controlling stake to force their purchase through, along with ANN who has agreed to the deal already, giving them over 27% of the voting, i think i'll be out of this monday morning if i can get 105.4 or higher which will effectively give me the same cash as the deal taking into account my sales fees.
I am interested to kow what this section at the bottom of the RNS is all about, whereby after Threadneedle have sold the shares they say this...
"Threadneedle has notified PEIF III Bidco that, as a result of selling its entire interest in Stagecoach Shares, it no longer intends to comply with the terms of the letter of intent provided to PEIF III Bidco on 9 March 2022."
wonder what letter of intent they are referring to
Started: littleton1, 19 Mar 2022 07:41
Last post: CrystalBallBroke, 21 Mar 2022 15:46
not unsurprising
Yesterdays daily mail says Brian Souter is tied into the NEX deal but Ann Glogg is not and she wants the cash.
The market doesn't share your belief. It's unlikely.
I'm wondering if NEX will be considering talks with SVC with an improved offer over the weekend.
I wouldn't be surprised at an offer of around £1.20 from them coming in early next week.
Think ANN is for taken the cash.
Started: littleton1, 17 Mar 2022 09:31
Last post: CrystalBallBroke, 17 Mar 2022 09:47
Yeah, I was reading it earlier looking for some sort of extra incentive, but couldn't see any, I think this is going to come down to those picking up the shortest term benefit/bonus and having the power to influence it, so i'd be looking at the deals the BOD and executives get, because low ball or not, 105 is a firm offer, and even if the potential longer term return is 100% more, my money will be on them selling it down the river and taking the cleaner/faster cash settlement and moving on.
I wonder if NEX had been buying up shares in the back ground ?
NEX talking up share deal.
Last post: Hobbsr11, 12 Mar 2022 19:02
Does anyone know when the deadline is for bids on this company ?
Started: CrystalBallBroke, 11 Mar 2022 17:35
Last post: CrystalBallBroke, 11 Mar 2022 17:35
for me on this one was 140, so i'd have been holding for a while longer, as i figured there was more recovery to come, but i'll take 105
Started: CrystalBallBroke, 11 Mar 2022 09:01
Last post: CrystalBallBroke, 11 Mar 2022 13:48
Yeah I had noticed that (i also hold NEX lol) and their share price recovery has been fairly good, but since the announcement that there is another offer on the table, it's almost as if a weight has been lifted and it's moving faster back towards where it was.
I think at the price they were willing to pay, it was better for NEX than SGC, but now, I'm not so sure, obviously they wont make a rash snap decision, but I do think at the end of the day, it will result in them not making a counter offer.
@Crystal. I mostly agree with you on this, but there's a small point that I am following that you may not have seen. NEX have not said they are walking away and taking their bid no further. They've been seen to be saying "We're considering our options". If they'd taken the mindset they're not interested in pursuing SGC,maybe they'd have said so? That to me would have made some kind of sense to perhaps gamble on getting a better price?
The fact that they've said "considering options" implies they're still interested enough to look at what else they might want to offer. This is pure speculation on my part based just on my take on it of course.
the market thinks there's going to be any counter offer, the SP is stubbornly stuck at the 104.9 /105 level, and hasn't ventured over, i've seen other shares that have been in bid situations go well over or sustained a level over the bid because expected counter bids, and this is just not behaving like this.
Usually i'd sell out on one of those spikes and ensure i'm slightly over the bid and cover any trading fees, but this one it looks like it may be a case of better to let it ride out and get paid the slower route.
Last post: Trent700, 10 Mar 2022 19:53
I'm not sure that it has. I think they'll come back with another offer. They've not said that they're walking away, just "we can't say anything". Why would they say that if they're not thinking about something?
I think there's a bit more mileage in this. We shall see.
Glad the NEX deal failed. They've been running a very poorly used coach service since Covid closure. See the darkened windows with empty sear shapes going through London daily. Must have cost a bomb. Good otherwise Showing Germans how to run trains and Spain/N Africa and of course Midlands buses. Gone from London.and Stagecoach are strong here. Shame about SWT and in all likelihood they'd have got South Eastern but train franchises are history now. Founders reckoned a £share was a good sale so they'll be happy and the company hopefully will go from strength to strength
Started: CrystalBallBroke, 9 Mar 2022 18:19
Last post: CrystalBallBroke, 9 Mar 2022 18:19
".... and look forward to the Mayor securing the significant taxpayer support required to deliver the franchising system"
In other words, the mayor is going to have to go cap in hand to try and scrape the funds out of tax payers coffers, and Stagecoach don't think it'll be possible, this buy out might be good for us, because I see the GMCA being a bit of a millstone to be honest
Started: thriller40, 4 Mar 2022 16:50
Last post: Peakybinder, 9 Mar 2022 14:57
NEX is flying...
I think I will wait until Monday morning to see what comes up in the press over the weekend, if there are any other predators out there I am sure they will be flushed out this weekend in the press -
gla dyor etc
It may go higher IF there’s a counter bid but… this is cash for your shares not just different shares in NEX.. cash is….better.
Only question is.. do you hold and hope or take the money.. too often I’ve held on and then regretted it!
GLA
No, I think they are obliged to update their shareholders, and not leave them in the dark, even if it's just a note to say we've seen the offer and are assessing our position, shareholders wait for further update before assuming anything.
'Offer Update' RNS, could be a counter offer from NEX, or an updated offer from the current bidders.
Market seems to think a higher offer regardless, which imo is why its creeping up.