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June 23rd then. Only 5340 shares traded today even with news expected and announced and 3500 of them were mine. Think punters have lost interest.
...the wait continues. Must be serious otherwise they would have walked by now.
While waiting for the imminent announcement, was looking at previous RNS and noted that HAYT specialise in sub-sea generators, with funding from Scotland. Does anyone know how or if there is any link between HAYT and ARL (Atlantis), the latter having just installed wave power generators off Scottish coast, and who have many further projects in pipeline ? Seems odd that the two are not related.
Back to where we were two months ago I fear
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The drop in avg shares might suggest an all cash offer.
Perfectly possible g-w, there was a leak before, and the trading volumes currently suggest nothing’s coming soon. But is there frenetic activity going on behind the scenes?! Maybe we’re seeing the proverbial graceful swan moving serenely across the surface, and not seeing the feet paddling furiously underneath. I’m sticking with tomorrow for a withdrawal/funding-resolved double RNS. I had a quick look at AVG – and concluded good company and a nice suitor to have. ELB should have his best frock and lippy on, but not open the legs too quickly. I suspect in the DD process AVG have concluded there are no unresolvable financial issues (that’s always been a sideshow imo), and I can also see why HAYT would be a good addition to AVG. Ultimately however, I think valuing HAYT acceptably will be impossible, and because the initial move seemed opportunistic, I think AVG would lowball it if they bid at all, so I don’t think an acceptable bid will be forthcoming. HAYT’s just been through a significant and brave investment/expansion exercise in difficult times, with the Luton COE and the PB acquisition etc, and the value is largely in what all that could bring in in the future, and that’s too much like finger in the air territory. HAYT’s future is perhaps best left in its own hands at this stage. I see it all as quite positive for the SP. A win-win situation. Either a bid or settled funding arrangements (the latter is probably sorted and parked for now whilst AVG are on the scene) would send it north.
Unless we get a glut of trades I'm going for another extension. Which means they are looking more in depth
An offer is highly likely here imo. I cant see that it would be left until deadline day to announce that AVG have pulled out.
Low volumes, no leaks, news Friday most likely imo
Your right was looking at wrong RNS. So could get news tomorrow.
Correct Flundra. 26th for t/o and 31st banking
Takeover deadline's 5pm on Friday 26 May isn't it? As per 1st 28 April RNS. 31 May is the RBS loans extension deadline as per 2nd 28 April RNS.
Deadline date is 31st May, I would expect an announcement before that date if in fact there was an offer if nothing comes by Monday then either the deal is off or it will be extended. IMO of course. Tomorrow's/Fridays trading may give us an idea of what's happening.
Hi all, a question for those who have perhaps been in a similar position to this before. Is it usual practice for takeover announcements to be made exactly on the deadline date or can it quite often be announced before the deadline is due. I'm just thinking out loud really. Is it more likely that the deadline here will be extended yet further again due to the fact they are leaving the announcement so late . . . . again!! a share of your knowledge would be appreciated, thanks
Those small buys.
Well my crystal ball’s showing a double RNS 7am Friday morning – AVG withdrawing, and funding sorted. Then a steady SP rise back to 80p and beyond propelled by lots of nice orders. AVG have to declare by 5pm on Friday anyway I think.
You were correct the first time lol
whoops I mean 26 May.
I think it's most likely we'll get a single RNS (on or before 31 May) that AVG have made a bid, or else a double 7am RNS (again on or before 31 May) the first saying that AVG have withdrawn, the second confirming long term financing with RBS.
Well you can sell at at 48.15 which is above published share price.
The price seems fairly stagnant to me Graham rather than on its way up!
500 gap the stock? obviously up as that's the way it seems to be going
Or perhaps they were waiting for Ed Case to sell again.
'.... and not 1 share traded hands today' Maybe its because graham-wales has run out of money; no-one else was buying were they?