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increased whilst sp in the low to mid 20's. Surely with a firm offer of 35, they will need to wind down their position at some point or are they hoping it'll drift back down.
Metom,
Shareholders can stop the deal if enough don't accept it.
Clemoc i accept your apologises for your crude posts about me in the past but i did try to tell you what would happen but still sorry for loss if you did lose, we did believe me.
Some of them must be taking a massive loss as a few of them bought at 2.60.
I don’t know why all share holders why can we not stop the deal .This is ridiculous. Who the hell makes this discussions for aa to be sold 35p?? It is the guy who *** the company up in his comfortable chairs ????
This whole situation stinks. I can't blame Towerbrook & Warburg for manipulation to where they can get away with an offer of just 35p! It's just good business as far as they are concerned.
It stinks though. Wish the BOD had more skin in the company and then they may have not folded so easily. I also guess that accepting the offer gives them the easiest, stress-free life as far as their jobs and quality of life are concerned. A lot less scrutiny and pressure when you're running a company as profitable and good as the AA without carrying as much debt.
I believe a current fair offer price would have been in the. 75p - £1 bracket.
Pre covid SP was at 60p but they based it off the height of the pandemic when the SP was way down to sub 20p!
Even though Covid has not had too detrimental an effect on the AA. Justpandemic sentiment that drove down the SP.
5 years down the line the AA could be a completely different proposition at £2 + a. share.
The insurance side of the company is flying too. So much going for it...
These Tower Burg guys and girls are getting the bargain of a century.!
I hope this falls through, that there is a share issue and that the debt is paid down and re financed.
Certainly possible to see higher prices before any deal is finalised but unless it is a bigger bid I wouldn't expect it to move too much. The risk of the price dropping again to the low 20s because the deal gets pulled was too high for me. Think this is a done deal but if the price did drop again I would think about buying back in.
I think with the BOD backing and the amount of time it has taken to be put forward, this is a done deal.
Come on Apollo. Even with a bid of 45p we'll take it compared to this ridiculous bid for 35p
Glad someone knows what i’m doing cos I don’t. Anyway, I bailed today on the other half of my holding, a hand in your Burds hand might not be quite as good as your hand on your Burds bush, but, you might not get that far, but of course you might.
I should have bought more when it was mid twenties, alas a profit is a profit.
I haven’t a clue how it all pans out from here, so will watch with interest to learn, and there is a lot to learn.
Agree could be some fluctuations however with a number on the board it will be hard and still not great news for LTH.
looks like a bad day for most.
more fortunate than some as got in at 33.2 but will jump if/when triggers 35p
could see a saving grace. its all risk and reward.
GL all
Im out @ 34p. Cant tell u how good it feels. £550 loss is a small fee to escape this peice of ****. Hands down the worst stock i have even been in. Locked in for months waiting to get a Guaranteed loss at 35p (when ever that may happen ) Best of luck with your next venture. Lesson learned for me. Dont buy a stock that has been dropping from 2015
When will we get the 35p payout
So am I. Smaller profit than I'd have liked, but it goes some way towards offsetting my loss on Flybe (which still rankles).
Also, nice to prove those clowns at the FT wrong: in early August, they were saying "finding any value in the equity would be a challenge".
The offer came in today and will take weeks/months to get anywhere. It's so far from over and I just don't see it going (too far) down for a while. Although the vast majority of people seem to be jumping ship I find the situation too interesting to sell up just yet. PIs are flapping and leaving left and right, so who's immediately soaking up anything at 34p and keeping the SP flat?
I think someone with very deep pockets either sees value in this stock so will probably be willing to purchase up to just under 35p, or they simply need to own as much as possible, which could push it up past it's future 35p value.
Or the deal falls through and it crashes to 15p, or a new bidder comes out of nowhere and pushes it up to 50.. no one really has a clue, but it'll be interesting to see!
Hi!
Very unhappy day, today, I sold out 20,000 with 34.02p.
ABC and other PE is a really bad guy. they did not think about the company and people.
I wish, good luck to everyone
Oh well, that's that then, looking forward to how the new PE Vulture's are going to squeeze any more blood out of the patrols.
Retirement here i come. Sorry for your losses guys.
The money taken from our wages for the shares was taken out before tax and NI was taken, so in effect we will owe the tax man money weather your in profit or not, but time will tell, it is pretty close to the deadline of being tax free.
We are getting matching shares and no tax on losses apparently, also it states that the shareholder meeting is the 21st January
I'm holding all for now until at least past the 30th. Gives time for potential interloper or large holders to come up with an alternative plan that's higher than 35p.
Assume bidco mopping up everything being sold today around 34p. Any sells today just moving them towards 75% needed on the cheap.
Holding the nerve, wait and see.
well i have sold some and kept some, the ones left have cost me next to 0 so i can sit it out .
thats my exit route.....
Its a kick in the teeth 35p but I'd recommend reading the first 20 pages of the offer document. It would appear the BOD did speak to current lenders and were advised refinancing would not be viable without a significant cash injection. How accurate that is or how hard they tried is a different matter. Really not sure on what will happen going forward. Can't see this getting accepted but not sure what other options there are if refinancing is a no as is a dilution.
Employees will receive a separate communication regarding the share scheme.
If I'm reading that correctly we keep them under TUPE
I'm sure someone will be along soon to point out if I'm incorrect.
b) I cease to be in Relevant Employment unless the employment ceases for one of
the following reasons:
(i) injury or disability
(ii) redundancy
(iii) transfer of employment to whichTUPEapplies
(iv) my employing company ceases to be an associated company
(v) retirement
(vi) death.
So I held this through the ups and downs. A bit disappointed but sold out for 34p today and glad to be out finally! Lots of opportunity cost over the past months on this. Good luck to those holding to the end and hoping for a bigger bid!