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Absolutely!
Still, it feels as if share price wise, we're seeing cuffs at 196 -205 as though they're being held in a steady range.
A little frustrating that they're being left out of a larger market upward trend.
Chill, this is a great company.
Now 8 weeks and counting....
At what point does “limited confirmatory due diligence” take 7 weeks and counting....
I've read through Dbay's announcement again and it does give the date of 10th feb when the approach was made, so i assume DD has been going on from shortly after that time. that said i feel we are probably going to have to wait some time still, as Dbay will doubtless want to finesse the situation as much as possible and won't be in a hurry. just speculation of course and only time will tell.
If DBAY do make an offer, it also releases latronix and ublox from their code obligations to not bid again for 6 months.
Richard Griffiths is also very smart, hence him increasing his holding by just under 300k, as reported yesterday.
HarryCaul,
That has been my opinion from the start, so recommended your post.
DBAY are a very clever investor. They've managed to take 26.02% of the company, but IMO have no intention of actually buying Telit, but are well aware like Betaville that numerous companies are circling.
One indication of this is that DBAY was not happy with 250p from Ublox, as it's stock. Cash maybe.
No formal bid has been made yet, but I'd expect DBAY's opening gambit to be 206P, soak up a few sellers to increase there holding, then the real players can make an offer. They can't do that under the current rules, until someone makes a bid.
The press also mentioned DBAY willing to pay around 250p in cash, which IMO is also another fake statement as they will sell for north of that figure. Very clever guys!
Personally, I think the DBAY strategy of picking off the company cheap, is only part of it.
If they get an offer accepted, then great.
But, the reality is that there are buyers out there, who will have to knock on DBAY'S door to have any chance of success.
If you think about it, they're in a fabulous position.
well it's not clearfrom the recent anouncement how long ago Dbay were able to commence the confirmatory due diligence period. no idea how long the due diligence would take,but presumably most of the groundwork was done some time ago, so perhaps not very long .i wold be surprised if we did not hear something further by end of april, but who knows. as to the figure, if we get one, something in the region of your suggestion sounds likely, as i just don't think they will make a decent offer.let us hope it is followed in short order by a more realistic offer from another party.we shall see.
Anyone else thinking this is coming any day soon Dbay, revised bid 215p?
yes market seems comfortable with results and the accompanying statement is quite bullish.we need some interest from someone other than Dbay to avoid low T/O
Not even sure why we are talking to Dbay...very bullish statement contained in results....
....we are confident that the acceleration and adaptation of IoT solutions triggered by the pandemic will create medium-term benefits for the IoT market and we expect a ramp up of customer demand in 2021.
"In view of this and seeing the fruits of our team's hard work, the board is confident in the group's prospects for the future and is committed to delivering value and growth."
Agreed.
DBAY sounding like a Car Dealer sucking through his teeth, before he has your eyes out on a trade in.
Profit up albeit on slightly lower turnover due to Covid lockdown last year, cash in the bank up to $63million, the business is leaner and able to make more profit on goods going out the door obviously due to great financial management. All looking great. Bod should tell Dbay the fc#k off. Aimho adyor
No.
But anything is possible in these markets.
Over to D'Bay for the next installment.
why?
were you expecting any?
Full Year Figs out.
Doesn't appear to be any horrors in there on the first read through.
well if they do there will be huge fuss on here, which will of course achieve absolutely nothing.it will be endorsed as in the shareholders interests etc.let us hope there re other interested parties, who will introduce a competitive element, which the board cannot ignore.
Unfortunately the fact they have managed to get to such a high % shareholding means they can exert a lot of pressure on the bod along with some very nice promises..I think we might be about to be sold down the river. Hope I'm wrong.
sadly i have to agree moniman.it wouldn't be the first time something like that which you are suggesting occurred.we have all seen it before.not saying that is what is happening but very difficult to reconcile the board's decision to reopen the books with the content and tenor of dbay's statement.hope we are wrong
I wonder if our high % friends are trying to grease peoples hands on the bod?. They appear desperate to get a deal done for their investors but want our company for nothing. I hope that the bod do the honest thing for all the other shareholders and don't give in to the promise of potential personal rewards?. This opening up the books again looks very dodgy to me, maybe I'm just being paranoid, but maybe not? Aimho adyor !!!
increased slightly to 9.27%
we were offered 2.50 buy the swiss co!!!
Why would we want 206p today when we could be worth 400p in 12/18months time? Doesn't make any sense to existing shareholders?