Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Morning Trusted Investor
How did you obtain the info that this would be concluded within two months? This must be the longest takeover ever! Do you think there will be any chance of an increased offer.?I felt the BOD sold out too cheaply.
It is still ongoing. They plan to conclude the takeover within the next 2 months.
No idea - was wondering what was happening here. Any thoughts on the timetable here? Very frustrating.......
What is happening with this share? No news about take over since July. Any body got any ideas?
Do I have to take any action with this holding or wait for IG to sell them. I have just heard of the takeover and have 2000 share
What's the timetable for getting our cash, it's now a dead weight on the folio so no growth or divvy. Wish I'd sold when it was above 180
Takeover approved - we lost :(
Vote day - hope the institutions give it thumbs down.
Vote counted on 19th July, meantime all us PI's are quietly voting against but it's not enough on our own. Unless the institutions decide they're being shafted, we won't win I fear. Meantime the equity outfit has been hoovering up shares in the market to bolster a very lucrative deal for themselves. Directors et al will make millions I suspect.
Disappointed With the response to rally an against vote. Guess the board have even made offers they cannot refuse….Anybody any idea how the vote is going?
Voted against. We have to rely on the iis to go for the against vote to be successful. Let's hope so.
They also need to restart a dividend for us lowly holders. I do wonder if the current directors have been offered something additional in the new company?
I have already done so and agree entirely. Just hope some of the big boys realise they're being sold short?
Message came through from HL this morning re- voting for the takeover. The price offered is far too low. Come on folks we have nothing to lose. They are worth £2.50 to £3. We are being conned or manipulated. Vote against!
In the notes on investors website, it mentions Bidco (Siris) will be garnering support for the bid. Might this mean buying activity to ensure the success of the approach? In which case demand for stock may exceed the proposed offer as they induce institutional holders to part with enough to get their way?
Just guessing really.
Forgot to say, the only reason not to take the current premium is in the hope institutional and all investors other than the board reject the offer as derisory.
Agree, maybe the new CEO/Board can see a way to personally prosper mightily when the company is resold again in a year or two. Several million for selling out shareholders now would be worth it in spades in the long run.
Totally agreed. Worse, they had several opportunities to produce a superior version of HL, but circumstances and indecision led to this not being pursued. Reject the SIRIS bid.
In my humble opinion the shares are way too low at the 180p bid price. The sum of the parts valuation is nearer to 300p which is why SIRIS is trying to buy at this ridiculous and shockingly Board recommended 180p price. The new CEO Paul Lynam had only been at the table for less than a month before the bid came through and has done nothing to justify his "mindedness" to accept 180 pence. The all time high was 330p the IPO price was 165p and the rights issue price was 190p.
Definitely refuse this offer. A white Knight could appear and why let another Private Equity firm take this former Lloyds Bank Share Registrar onto their books only to IPO it again in 12 -24 months at double the current price. Reject the SIRIS bid at all costs.
Couple of points:
1. Many of Equiniti's share investing customers are due to be shifted across to ii later this month - not sure whether than applies to the poster below.
2. The current share price is a fraction over the offer price - does anyone have any opinion on this? Does it indicate that people are thinking that there is a slim chance of a higher bid coming in? All things being equal, I am wondering whether to just sell out now for the slight premium.
Should enhance things if they invest in the platform. That depends what strategy they decide to take moving forwards, the EQN app is not as good as say brokers like Hargreaves Lansdown etc so they may choose to try and catch up?
Your shares are completely separate from the takeover bid. The concern is for owners of EQN shares bought at a much higher price than the offer and there are many of us.
As a mere novice who uses Equiniti as a platform for buying and selling shares, should I have any concerns rep my investments over the proposed purchase off Equiniti?
Sorry to sound so ignorant!
Same - vote against
Way too low - will vote against
Daylight robbery