GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video 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.
Agreed, very well written. However, and it's a big however, it's nothing more than one persons theory based on nothing much other than one company buying another companies shares.
I'm positive about this share but coming on here and making up scenarios is going to do none of us any good.
The market reacts to facts, the SP moves on factual news and actions....nothing more nothing less.
Agreed fantastic posts, now we just need the pi's selling to take note.
RKBeekeeper Excellent posts, I tip my hat sir.
Scenario Two
Many Posters on this B.B. may have formed an opinion that JD Sports will increase their stake to 29.9% in Footasylum and that they (private investors) will be able to sell their shares for substantially more than the current price.
Looking at the current situation from “the family” (who control 63%) do you really think they will sell out?
I believe that when the share price crashed last year it was an over-reaction and that since then the BoD would have look at many scenarios to “increase the share price”
The BoD could have made an offer to take the company private and offered to buy-out the existing shareholders at say £1 and this would have cost about £38.6 million (ignoring the Options above) But the BoD may not have a spare £38.6 million.
But what if the BoD decide on a different course of action?
The BoD may decide to enter into a strategic partnership with JD Sports and “agree” to sell or exchange their shares for shares in J D Sports at say £1.50. This would cost about £98.7 million just for their current 63% and a little more for the options and the shares not already owned which is another £31 million. (Shares not owned 16,355,560 options 1,829,267 & 2,531,645 * £1.50)
Whatever happens over the coming months, I am confident that the share price will be a multiple of its current price.
Like the Horse Hill shareholders if you hold you will be rewarded.
RKB
Before Scenario Two
We all believe the total shares are 104,474,390 which is technically correct and this 104.47 million shares is how we calculate any possible takeover and JD Sports potential 29.9%, but is this correct?
When Footasylum first listed in November 2017 very soon afterwards there were 1,829,267 Options granted to three well connected people, which if exercised would only cost £1,829 (basically insignificant exercise price)
These 1,829,267 Options have not been exercised as yet but can be up to 2/11/20. So the options should be added to the 104.47 million shares to calculate the potential number of shares “in issue”.
There is also a Long Term Incentive Plan for one key person for 2,531,645 and this LTSP may also have to be added to the 104.47 million shares (note if exercised would only cost £2,532 (basically insignificant exercise price)
There is also a staff Save as You Earn Scheme which is for 858,018 shares but as the exercise price is £1.31 at the moment I am excluding these potential shares from any calculations. The Company has 190 staff within the SAYE Scheme who will be saving money into the SAYE at present and will be not at all pleased with the current share price. The 190 staff equates approximately to about three per shop.
So we now have 4 key individuals and 190 other members of staff who will be “upset” at the current share price and if I was one of them I would be voicing my concerns with the BoD.
RKB
Scenario One
There have been many Posts since Monday regarding JD Sports after their communication via the RNS which was issued at 8:20am which informed us that they had acquired initially a stake of 8.3% and alluding to a possibility of acquiring “up to an aggregate interest of 29.9%" in Footasylum and “confirms that it is not intending to make an offer for Footasylum”. JD Sports did put a few caveats in their communication and left the door open for making an offer for Footasylum if circumstances changed within the FCA’s rules.
You may want to refresh your mind as to what theses caveats are under Rule 2.8 of the City Code on Takeovers and Mergers (which are detailed in the RNS)
For an example of a company acquiring shares in another company you may want to look at UKOG and Horse Hill Developments Ltd.
UKOG had 20% of Horse Hill in 2014 and there were other major shareholders (that were connected as far as I am concerned and I would say all the shareholders were one big happy family)
Shares in Horse Hill first began to be bought at £142K for 1% (Alba bought 5% from Angus Energy in September 2015)
Yesterday UKOG acquired 6% in Horse Hill from Doriemus Plc for £2.1 million or £350K for 1% of Horse Hill.
Over the past 4 years 1% of Horse Hill has went from £142K to £350K. This is what happens when a company targets another and collects shares. Now we know JD Sports are targeting Footasylum, but we also know there are a few family members who are holding their shares tightly and are most likely not going to sell at current prices.
So to conclude this Post the only way JD Sports can acquire additional shares is from you. The ones who sold out in Horse Hill at the beginning “lost out” by £208K per 1% they could have received 146.48% more if they had realised what they actually owned.
RKB
PS a determined acquirer of shares will pay a premium to accumulate the shares that they require. JD Sports is worth about £4.6 billion.
This is probably all part of the plan, once they are clear the fun really begins!
I think Dan is correct .. accumulation going on quietly at a lower point .. remember the million sales earlier this week @ 70 & 75 p bought
Fill ya trainers!
When you look at FIL for example, they bought in around 30p so would have been happy with their immediate sell at around 50p/75p, not sure what the other II's bought at so cannot comment, what I do know is that many II's and directors would have bought shares at the £2 to £2.60p mark, just look at the early RNS's and floatation price, there is no way they are going to be happy with sub £1. The quick sellers are GONE. Hold.
I don't believe these are real sells, in my opinion this is a friendly ii selling to a friendly mm who is filling an order for JD. Doing it this way to spook a few pi's along the way.
They're trying to put off buyers.
Easy to read.
Good news for those that realise, shame for those that dont...
Think there's some manipulation going on here just now.
Large block sells as soon as it start to move.
JD wouldn't want the price to get away,whilst no doubt trying to negotiate another 8% from an ok.
Just my opinion
I'm still buying. Just topped up.
I am still buying.
Why don't we all buy some more shares collectively ?...
I do hope people hold on to these FOOT shares, genuinely as long as sellers stop selling the price will lift. Be careful of some on here that might actually be working for JDSport to persuade Pis to sell their shares. Hold for gold I say.
Pentland and JDsports clarification http://www.morningstar.co.uk/uk/news/AN_1550755776327594000/correct-(feb-20)-pentland-and-jd-sports-hold-21-footasylum-interest-(alliss).aspx
thank you, yes tried it, annoying..
is there any other site that shows live trades, faster than lse -:)
So do we think Peel H will release a new up-dated price target from 22p ?
60p+ today if they have decided to go after the free float!
had to rejoin lse for now
What will Foot announce?
Why did JD pay 75p a share?