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Anybody want to guess at the acquisition price ?
I certainly hope that we get atleast 10p equiv out of this, preferably something North of 15p
.... but I fear we're going to get royally screwed
15p would be my guess. 10p would not be acceptable, with the board holding shares I doubt they would sell at this level just above the price before the suspension.
Looking at the director buys over the years, Chris Moore has a total around 12.5m shares at an average of about 20.7p - I'm sure he'll be wanting the best deal.
Sch - good info. With this invested you would not want to take a loss.
Yes all of the directors have participated on previous fund raising, so I'm sure all will be wanting some return their investment...well 2 days down and 3 to go until the interim's and hopefully an update on the merger.
I hope tomorrow doesn't disappoint. After all this time 15p should be the minimum. Good luck all holders.
I don't think it did anything really.
- Business performing well which should up the price
- Lack of detail on the "potential" takeover. A little surprising as it has been three months and I would assume they were talking one of two months before that, so 4-5 months
Just wait and see at the moment
No new news about the takeover was disappointing, but overall the RNS was positive. Sales up in Q3 and online sales continuing up. Now it's just wait and see but more confident about 15p plus as delivery services doing well.
I can see this being canned.
Sch note on the average price paid by one director might mean they are asking too much per share.
I should hope they are driving a hard bargain.
The Q3 recovery in like for like sales is promising and let's hope it continues.
Cash burn seems to be reducing, c. £900,000 taken off the cash balance from year end 2019 to end June 2020, compared to £1,465,000 at year end 2019 vs. end June 2019.
Net cash from operating activities a deficit of £253,803 vs. a deficit of £1,543,415 in comparing first half of 2020 with first half of 2019. (This is partly because they have reduced investment and not opened more stores, however it's a dramatic reduction and many stores opened in 2017, 2018 and 2019 will be either hitting maturity or seeing losses reduce substantially so they don't produce a drag.)
They had said they could get through to summer 2021 without foreseeing further fundraising and had targeted free cashflow breakeven in 2022. They may be able to do this as an independent company and, if existing shareholders got pre-emption rights in any fundraising to bridge the second half of 2021 (wishful thinking LOL) then that wouldn't be so bad.
I noticed today on my trading account the price of shares went down from 7.25p to 7p. Did this happen to anyone else. I'm also very frustrated with no real update on the reverse takeover. Can also see this being canned. Hopefully news soon. Good luck all holders.
Over three months from suspension, and they must have been talking for at least a further month before then.
When suspended I thought they must have had an outline of a deal including a very tight price range. Clearly not the case.
ijr1 glitch in my halifax account DDP are showing 725.00p HAHA I wish, that would put me up £100k
The spread was big pre-suspension, too. The buy price was 9p and the sell price 7.25p. When they raised capital in February 2019 and quoted the prior day's closing price, they used the buy price and I'd assume any offer in future will need to be with reference to 9p + x % or whatever they might chose.
I really wouldn't mind DPP as an independent company, provided they can get to forecast 2022 cashflow breakeven without further huge dilution. They do have a borrowing facility they may be able to tap in 2021-22 if needed.
If they delist you can kiss goodbye to shareholder rights & there won’t be any market in DPP shares.
@ Chili, yep got the same in my Halifax account too and it shows me being 95 grand up at the minute. I was a bit cheeky and tried to see if it would allow me to sell but it didn't. Back to the day job I suppose
With the CEO going and clearly having the successor lined up appears to be moving forward.
As shareholders I believe we should have more communication from the board, four months is simply unacceptable.
Yes, we need to see details of what they are proposing, what the combined company will look like, their strategy for growth in the future / benefits of a merger. I found some data for Dominium SA online but only up to 2018.
Let's get that Admission document!
Getting a bid fed up with Halifax sharedealing now, why can`t they sort out the glitch ? Its been days suspended shares showing wrong price
One broker is showing it as 0p! Another broker is showing 7.25p. The spread was actually with a 'buy price' of 9p when they were suspended.
This is a consequence of the suspension, I fear shareholders are going to be underwhelmed by the admission document.
Does anybody know what's happening. News is way overdue now. We go into December next week. Come on DPP, give us an RNS Monday!!!!!
Agree these talks are taking a while, they must have some idea of the offer due to the departure of the CEO and have someone else lined up for the role!!
If my research is correct the Top 4 institutional shareholders plus Chris Moore have 50% of the share capital, so I suspect they are all involved in the negotiations ... and when they have agreed a price / ability for them to retain an interest in the new company going, we will be told what we're getting. I wouldn't be so sure that Chris Moore will push for the best price, he acquired 2/3rds of his shares in the scandalous equity issuance in Dec '18 at 6p. What 2020 has shown (and I suspect this will continue well into 2021) is that entities with cash to spare can make highly speculative 'lowball' offers for good businesses and the short term cashflow concerns of those businesses force them to accept selling out at prices that pre 2020 would have seemed ridiculous. I have MCS and AA in my portfolio and am being offered 115p & 35p respectively for 'board recommended' offers when atleast 50% uplift would seem merely fair value. Sadly I can't see us being offered anything outside 10-15p range even though 20p + would be fair ... hope I'm proved wrong !
Retired.
Do you think this is a full buyout, or a re list with existing shareholders as a minority, or effectively taken private?
Whatever I cannot understand wh y they are taking so much time, surely they had an outline of a deal price before the announcement.