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Another extension, likely outcome
Less than 24h hours to go before we will know direction (hopefully)
As time gets closer I’m feeling that the deal might not get over the line …. Naturally hold till the shut date has passed - Gla
Https://www.finextra.com/pressarticle/99595/moneygram-adds-four-senior-hires-to-leadership-team
PD
I wouldn't read anything into the latest dip, just bored PIs/speculators offloading and deploying their capital elsewhere as this has been dragging on for several months. Many long term holders including me will be happy to wait the outcome. Either we get taken out at a reasonable premium OR my preferred option is that we stay independent and grow the business.
Yes it does look that way, or being pulled down to fill an order, or maybe another extension! Happy to hold.
Think we have dipped, I would assume no takeover based on current SP. Hope Im wrong but feels that way
Either way a great future awaits
Yeah would dip down a bit initially I think if no buy out but most likely rise back up above to current levels after the initial sell off. As was already getting above 100 before bid news. Would be a good buying opportunity I would think.
IMO!
90-100 range I should think but with some trading opportunities back under 90.
Where do we think the SP will settle if no buyout
🤦♂️
I'm of the opinion that any weakness is a good topping up opportunity. I would speculate that the continued extensions of the offer window suggest there is interest in the company so would expect a bid at some point. Why keep extending if discussions arent taking place? Happy to wait in the mean time though.
Dudliner, I agree with your view, why hang it out so long if it wasn't going anywhere. The only thing I can think of is raising the funds in this environment, but again why so long. Unless the offer is so good Ian is willing to wait, who knows. I'm tempted to avg up!
A little hard to fathom the SP weakness post the bid extension.
The chance of a deal happening is surely more likely given continuing discussions otherwise would expect Ian to 'knock it in the head'. You would have to surmise there is agreement around what would be an acceptable offer.
Whilst we have a new deadline there is nothing to say we don't get an announcement before the end of the extended period confirming a deal has been struck.
Time will tell...
Waiting game again! At the end of Feb that will be 4 months. It looks like Madison Dearborn Partners LL a leveraged buyout model (all new to me!) and may be in the process of trying to raise the required funds, who knows.
“Madison Dearborn Partners (MDP) is an American private equity firm specializing in leveraged buyouts of privately held or publicly traded companies”
“ A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition”
In a way, I hope it’s a “no offer has been put forward” RNS and close this period off (unless big premium caveat!). Just one thing that concerns me, has this given some of the employees the jitters? Anyway, let’s see what tomorrow brings.
Odds on for another extension. If an offer was expected by 24 Jan, I would expect to be higher, nothing is leak proof, but you never know. Either way its a keeper
Deadline is fast approaching, some institutional movement over the last few days, but not significant. I have always said that I would prefer them to remain independent, but there is a price for everything. Would not be happy if they sold out for less than £1.75, anything less and we giving the Company away.
I note there is a positive update from Paul Hill on V O X. He suggests win win regards possible takeover or continue growth with European expansion. It seems SP dip this morning might relate to below comment in Paul's article;
"While 2H EBITDA margins (est 19.9%) dipped slightly compared to 1H (21.8%), this was likely a reflection of ongoing investment in the tech platform and overseas expansion (e.g. Belgium acquisition in June)"
Happy with that. 2024 should see revenue over 100m. Maybe quite a bit more if Europe gets going. Don’t think we will hear from the team as we’re in a takeover situation.
Thanks fella - Hope for strong results to assist share price and potential take over.
GLA
Oakham, we are due a trading update for last 3 months (see below) this slipped as was due this last week;
https://www.equalsplc.com/content/investors/important-dates
Hi Dubliner,
Thank-you for your comments very helpful, I see final year results 25th March.
What results are due next week ? I’ve checked on the investors tab as well on the Equals website.
Appreciate your time fell
Hi Oakham, I guess it will remain quiet on possible takeover until they decide if they are interested in making a formal bid or not. Not the type of thing where we will get commentary on progress.
We get trading update this coming week and that is the think to focus on now. Hoping for solid numbers and some initial progress on Equals Money Europe. Good news should ensure we get a decent price for any possible takeover.
Hoping we see usual V O X interview and/or something via IM platform.
GLA