Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video 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.
Row shares - it may be that Apollo want William hill but cannot make a bid knowing that Caesars will terminate the agreement they have with William hill us. Maybe Apollo are close to securing some form of agreement with someone else so they have something to offset the loss of Caesars outlets (Caesars are not the only show in town) and need a bit more time to prepare their bid on that basis?
It’s all wild speculation as to will they (Apollo) or won’t they bid, will someone else rock up and join the bidding party and if not will sufficient shareholders vote yes (or no) to allow the Caesars bid to go through or force their hand to up it or change the offer.
Either way it all puts you in a tough place if some or all of your holding in William hill is required for house deposit or expenses relating to the new house purchase. I see the possible outcomes as...
If the bid goes through and share holders vote yes the shares will continue to be listed and will be tradable until the takeover is finalised. I’ve been a holder of companies taken over before and usually the shares trade at a figure just below the takeover price which means a holder can pay their dealer commission, take a slightly lower pence per share and get their hands on their cash rather than wait for the deal to complete.
If Apollo or someone else come in with a bid one would expect it to be higher than current share price and may even result in a bidding war between parties which will push the sp higher. However an alternative bid could be offering part cash and part shares in the new company or even be an all share offer. There’s no guarantee that the shares in the company taking over that wmh holders inherit will trade at a big premium to the current wmh sp especially if the takeover is funded by debt or a share placing.
If the deal gets voted down and Caesars do not increase their offer but decide to walk away and keep the existing arrangement in place the share price could feasibly drop in the short term. Even if Caesars came back with a joint venture offer there’s no guarantee the sp will hold or increase beyond where it is today.
I’ve decided to hold my shares and ride it out because I beleive/hope that shareholders will vote this current offer down. But I am a long term holder and will ride out any volatility in the short to medium term and am prepared to take the 6/7p per share risk even though a yes vote would effectively cost me a few quid. Your situation sounds like it might be slightly different.
While Apollo put forward a proposal before Caesars, it is yet to follow up with a concrete offer. However should this be accepted, William Hill would lose US market access, with Caesars saying in its bid that it would cancel its joint venture with the operator if Apollo’s bid was selected.
Do you think that the board have been held to ransom on this so the board have agreed to ceasars offer knowing full well it will b refused , so then the board have been seen to back Caesars But could do nothing about the vote , this can not go thro at 272 and I think the board knows it ??
https://igamingbusiness.com/wh-shareholders-to-vote-on-caesars-acquisition-on-17-november/
Thanks guys, Apollo extension till 12th November do we think they will come in or as it says another 3rd party bidder?
This deadline may be extended with the consent of the Panel on Takeovers and Mergers (the "Panel") in accordance with Rule 2.6(c) of the Code.
The question is, Who has extended the deadline, Someone must have asked???
So this is now going up to the wire that Apollo can still bid for WMH, Apollo must, by 5.00 pm on 12 November 2020. I believe that Apollo are still going to make a bid and need the extra time which is days before the Vote.
RowShares - Satty/Ulrik have both said they hope results are in by Dec with completion taking between 6-9 months. So mid to late next year.
So why have the Panel given Apollo an extension?
Hi you will need to look at scheme circular (which I still haven’t seen) but going out now. The vote if it goes ahead looks like the 19th.
On 26 October 2020, William Hill announced the publication of the scheme circular in relation to the Offer. That circular included notice of the shareholder meetings to approve the Offer, which are scheduled to be held on 19 November 2020.
Sorry guys just to ask what the script is. So they’ve now announced the 17th nov as the agm. Is this to vote, and when is the decision announced? If it goes through when do we get paid out, just I’m buying a house and need the money for deposit so don’t want to have any delays? I may need to sell now! Sorry for questions I’m new to this.