The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Looking like Telit have ignored the offer?
https://www.thisismoney.co.uk/money/investing/article-9847691/STOCKS-WATCH-new-bidder-stumbling-block-Telit-takeover.html
Has anyone seen some press reports that UBOX entered a counter bid of £2.60 per share cash just before the meeting to approve the DBay increased offer. ?
I hope he does!!
The offer is a disgrace!!
Oozi Cats threatens to scupper deal according to media. I hope he does as the offer is abysmal!!!! Should have be 300p
The plot thickens!
Some chunky orders in pre market.
I am selling out today, as no counter bid apparently. A sell of 4000 will appear soon.
>Null
220 offer on the table - 225 bid in the market with the clock ticking.
No sign out there of a counter Bid.
Is the Loan Note alternative more attractive?
Where do we go from here then?
Me Too
Tic tic...
>Null
I have voted against
Msg from broker, a vote on 14th July for 220p offer. Game's on.
>Null
Yes.
There was substantial volume after the Dbay offer, that drove the price as high as £2.35.
As I commented at the time, I believe the Risk Arbitrage Hedge Funds were taking positions in the hope that a higher offer would appear. While that's no guarantee that a higher offer will arrive, it does suggest, especially with interest from trade buyers, that there still is hope of something better.
Also, I think that for Dbay, it's as good as a Win/Win scenario, and I'm sure there's a certain amount of that engineered into the whole takeover strategy.
If Dbay are successful, they can work with the company to create further value, and re sell the business years down the line for X multiples. Or, their strategy flushes out a trade buyer, who will have to knock on Dbay's door with an offer for the Business that reflects the potential of the Business going forward.
It's been a fascinating journey so far, and I'm sure they'll be more twists and turns yet to come.
Have held back one last tranche of my holdings in hope of a better offer emerging. Anybody else think there is merit in this?
>Null
Interesting that DBay have transferred their holding from Sparkasse Malta to Pershing.
There was renewed interest in the stock yesterday, that pushed the price up through the £2.35 level before settling back at £2.29 at the close.
Doh!
>Null
Up they go!
Decided to half lth. Made it thru the Catz years but corp raids sometines hold up liquidity. Not ano hgm. Movin on to green stuff
>Null
https://www.telit.com/press-release/telit-expands-latin-america-leadership-with-expanded-hi-mix-partnership-in-brazil/and a bit more .same comment as yesterday.will we get another interested party?
https://www.prnewswire.com/news-releases/interoperability-testing-unlocks-commercialization-of-telits-fn980m-5g-module-in-russia-301300011.html dont think this has been mentioned before.probably not of any great significance,in the absence of other interested parties prepared to bid.
...........in my opinion.
Paolo Dal Pino, CEO
Eyal Shefer, CFO
Don't forget their names or make the mistake of trusting them to look after your interests again in future.
I'm not even invested here anymore but the Telit BoD should hang their heads in shame. Pathetic individuals. We cannot blame DBAY for taking advantage of what are a bunch of jellyfish from what I've seen of the events here. Sorry but the latter are not fit to run any company.
Agreed Itsyou.
These Guys are exceptionally sharp.
Evening Moniman
As I mentioned previously, the Risk / Arbitrage Hedge funds are in play here (IMHO).
Dbay are under pinning the action at £2.20 and it seems that that are more than a few Industry players who would like to get their hands on Telit. Only problem is that they'll have to speak to Dbay, and I suspect would have to pay a decent premium to gain their blessing.
We've already seen Ublox walk away and that bid was worth North of £2.50 at the time. So I think it's fair to say from a risk reward percentage, it ticks many boxes for large, short term Hedge funds.
Can't know DBAY = "Can't BEAT DBAY"