We would love to hear your thoughts about our site and services, please take our survey 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.
From the EQN website; 'Our people and platforms engage customers with investments'
umm, no you don't - I'm still waiting to hear from you what is going on.
So true. All fixed. However I have given this credence and will top up more is if drops towards 120p or below. Company is just waiting with a big sale sign over it shares.
The silence from the Board is shameful unless they are finalising an agreed bid.
GLA
DYOR
Ft link?
As mentioned previously, probably a ramp and thus a false market. Don't hold your breath expecting the FCA to investigate.
Just looking through their last RNS’s; when Sky News reported the potential disposal re II on the Sunday in Jan (much smaller), they RNS’ed the next morning before market open so no comment this time is just strange
95% chance a bid is being tabled as the silence since the press report indicates something is afoot imv.
I would have at least expected either ‘no reason for price movement’ or response to press spec RNS given recent volatility in the share price ....
Thanks for all the replies. GLA.
Director/PDMR Shareholding
Wed, 10th Feb 2021 11:00
RNS Number : 6231O
Equiniti Group PLC
10 February 2021
Equiniti Group plc
Incorporated in England and Wales
Registration number: 07090427
LEI: 213800TS721HGE2JIV94
ISIN: GB00BYWWHR75
Equiniti Group plc(the Company)
Notification of transactions by Person Discharging Managerial Responsibilities (PDMR)
The Company notifies that the following person discharging managerial responsibility ("PDMR") acquired Ordinary shares of £0.001 each in the Company, through their participation in the Company's Share Incentive Plan (SIP) as follows:
PDMR
Number of shares acquired under the SIP
Share price
(per share)
Partnership Shares
Matching Shares
Total
Aaron Hughes
126
0
126
118.90 pence
This notification is made in accordance with the requirements of the UK Market Abuse Regime.
Notification of Deal Form of the PDMR can be found below.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Aaron Hughes
2
Reason for notification
a)
Position/Status
EQ Digital Chief Executive/PDMR
b)
Initial notification/amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Equiniti Group plc
b)
LEI
213800TS721HGE2JIV94
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument and identification code
Ordinary shares of £0.001 each
ISIN:GB00BYWWHR75
b)
Nature of transaction
Purchase of shares under Equiniti's Share Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£1.1890
126
d)
Aggregated information
N/A
e)
Date of transaction
8 February 2021
f)
Place of transaction
XLON
IMHO anything south of 1.90 (the price of Rights Issue when EQN purchased the Wells Fargo share dealing in 2017) represents a 'value' discount to investors in todays climate.
With no notable increases of shares in circulation (outside Director bonuses and Employee Schemes) since that date the true Market Cap should be hovering around £700m (even allowing for Covid) - and the outgoing CEO had always publically said it was potentially worth £1BN (more than enough to be back in the FTSE 250 where it belongs) with his intention of entering FTSE 100 within a 5-10 year timeline.
EQN have relationships with 70% of the FTSE 100 - and that in itself is something any potential bidder will know the true value of, let alone the insight they would get through it's Boardroom and Share Dealing divisions.
Sure - the price has been beaten up during the pandemic, and some will argue it was already beaten up before, but we all know Private Equity firms are the modern day bandits, so whilst Sky News might post 'an offer' it doesn't mean it's going anywhere.
Management should stay strong and stand their ground here (as should shareholders in any voting) anything less than £2.50 per share is simply selling themselves down the river.
In the interest of openness, I've been DCA adding below £2.40 for 5 years (most sizably below £1.25) and trading the odd peak and trough - anyone fortunate to sell the 2017 / 2018 highs above £3 will surely have taken advantage of any sub 1.20 re-entry opportunities.
Neither EQN nor Siris have denied the strong Sky news report of proposed 170p bid. Disgraceful that EQN has made no response, 36 hours after this proposal was Skyed - false market? 170p represents over 40% premium to 110/120 trading range over recent weeks and compares to IPO price of 165p five years ago.
Although current trading under Covid pressure, I suggest long term EQN's prospects look pretty sound and I guess fair chance of auction developing once some announcement made.
This a reasonable proposal from a creditable source and IMO Board has duty to engage.
With lucky timing I sold my holding in March 2018 and have been watching for a possible re-entry ever since. But the perception of incompetence always put me off and I do not believe the current management can drive the business to warrant a higher share price than what acquirers may be thinking.
Not a holder, yet....genuine question...
Is this a buy on the wait for the bid or a busted bid rumour already? Sky are normally close to the mark.
Any view out there as I am tempted to start to average in. I do not follow this company usually so a quick heads up woul db e useful from those who trade this regularly. Thanks in advance.
Volume is TOO LOW TO ZERO!
If Sky News is correct and this is just the latest of several approaches, why the silence from the company? Has there been a ‘false market’ in EQN shares over recent months?
The company is clearly undervalued, expect several suitors to be flushed out
Both myself and my parishioners have held these for some time. We have now liquidated our position. Looking at the balance sheet, the bidding company must see an awful lot of potential going forward as it is stuffed with intangible assets.
every blessing rev shep
schwee said "no announcement from either the alleged buyer or Equiniti" - you posted a link to Sky news rumour that clearly says "An Equiniti spokeswoman at Tulchan Group declined to comment, while Siris, through US media relations firm Abernathy McGregor, declined to comment" - so it's just a rumour.
Considering when Equiniti bought Wells Fargo share trading barely 18 months ago their 'option price' for the raised was circa £1.80 this is likely to fizzle out as a low bid.
Looking at Equiniti's balance sheet they have a sizable cash runway so should almost certainly just be looking at this as 'an interest' that at least needs to be closed to £1Bn to consider seriuosly.
This was always a long term investment for me as most of the float is with IIs and very little in PI hands. Remember Equiniti works with 70% of FTSE100 client, that is a big advantage and £600m is not a good offer to get your hands on those premium client relationships!!
I like to travel hopefully and welcome this optimistic moment. Could SP go higher? Of course it could. Equally it could go lower. Take your choice. Buy more or sell. Just enjoy the ride
do you even follow news?
https://news.sky.com/story/equiniti-draws-600m-takeover-interest-from-us-buyout-firm-siris-12212757
As there has been no announcement from either the alleged buyer or Equiniti, beware of a ramp.
why Guy Walkley got the push !!!
For not excepting the much larger bid pre pandemic
This is a goer now at a much lower offer !!
Nobody here to celebrate...you lot are disgrace :D
170p takeover bid...let the bidding war commence!!