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AVG might not be able to afford to buy HAYT outright but they could offer to subscribe for new shares raising much needed capital. In the process becoming the largest shareholder if that is their objective. They would benefit from the growth we are likely to experience in the coming years through share price appreciation and dividends. Could even agree a subscription at a minor discount. This to me seems more plausible than a takeover given their resources and our valuation now
A lot of people employed by both companies let hope it stays in the U.K. and not taken out by a foreign company. AVG my guess would be ok very little crossover but they will need to come in with high offer. Not long now.
im just going to hold, can see plenty of upside from here and to be honest i would like to see the company do well . It would be a nice investment for me GLA
Certainly has changed for the good, so many options here now. Not ruling out further contracts in the next couple of weeks either
Sentiment here is much improved since the AVG news, a complete 180 and the best is yet to come. - completion of refinancing deal which reduces risk - better than expected FY results owing to last minute contracts in the final quarter - what will be a likely record earnings generating Q1 thanks to the order book and delayed orders from the previous year - the ongoing AVG offer (the longer it hangs over us the better) - the market is fluid when there is speculation like this but if they do announce an offer it will somewhat add a ceiling to potential highs - institutional buying into the longer term outlook Exciting times :)
They certainly want some shares as able to sell above the share price. Looking good for rest of week now.
seems to be getting closer.
Starting to come in, rady for any sort of news this week.
Is going to be really interesting whichever way it goes. GL everyone.
did someone just lose £20 in a day lol
If AVG make an offer it is likely to be a ************** via either a merger recommended by HAYT directors or failing agreement an offer made directly by AVG to HAYT shareholders. There will be no need for AVG to have a rights issue.They will just plan to issue a certain number of new AVG shares in exchange for a certain number of HAYT shares. If successful AVG have already a surfeit of cash to deal with taking on HAYT's debt. The value of any offer to a HAYT shareholder will be determined by the terms of the ************** and the AVG share price in the market. That could change during an offer period depending on investors perceptions as to both the future progress of the merged entity and the likelihood of the bid being successful.
They have low number of shares in issue so could be share offer, also think they will need extra cash to cover the debt are they talking to RBS I wonder.
Just been scouting through some of the posts on ADVFN's chat board for Avingtrans. Reading between the lines AVG shareholders seem very positive about the potential HAYT t/o. They seem to think that the AVG board are opportunists and are hopeful of buying at a knocked down rate due to the current (albeit temporary) £20m debt burden. Looking at the size of AVG I just can't see how they will be able to make a sensible offer without a rights issue of their own. There was an interesting comment from one of the posters who attended AVG's most recent AGM however which stated: "I attended the AGM in November the Board stated they were very open minded as to what they may or may not do towards an acquisition. It was stated that whilst they had just completed the tender offer they would not be averse, or think twice if a rights issue was needed to complete a targeted acquisition"
Very pleased with today's update. To be sure those late orders helped steer this to breakeven. Net debt up as working capital is stretched but that should fall in the coming years whilst the business grows. Assuming we aren't taken over next week... GLA 60p coming in the not too distant
HAYT directors hold about 15%. If not already done AVG needs to suss out from the other larger share holders what price per share might interest them. IMO it needs to start with at least an 8. AVG need a deal and this would be a good match for them. If they faff around others may be tempted to enter the contest.
Do they need shares.
Do they need shares.
only pulling your leg, atb
"EdGasket,watch and learn how to make real money." I've been watching shares for too long! Fourth time I've traded this thanks; making real money; maybe not as much as you but its all relative.
Good to hear they gave you 56p I guess they must be confident they can re sell them at a higher price 👍
EdGasket,watch and learn how to make real money.
Sold at 56p; took a while; was only offered 52p for a while. Will buy me a few more beers. Trading update was fine but nothing new. Will buy again if it drifts back to 47p, if not I have done very well out of this share so no worries.
Someone loading up and getting lower prices than pi's
Sounds to me like they will reject first offer especially if finance is sorted prior. Could be interesting next week.
I like it , improved offer. ??