Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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This sets out the rules for disclosure: https://www.handbook.fca.org.uk/handbook/DTR/5/1.html However, it begs the question, is Ithaca a UK or non UK 'issuer'. If UK its every 1% change over 3%. If its non Uk it's ever 5%. Sorry doesn't answer your question.
Hi, can someone explain why the company RNS record on the LSE site does not mention the acquisition of holdings by AXA? I have combed through the list of RNS to 2009. I'm interested in finding the price AXA paid for Ithaca. Based on the same LSE site, Blackrock had 32,631,598 shares (9.9%) on 1 Aug 2014. Since then, there is no mention of any trading activity crossing a threshold. The Ithaca comoany website states that Blackrock has approx 16.9m shares. This implies that Blackrock has sold half of its shares from Aug 2014 to now. Interesting to know Blackrock's average investment return in Ithaca from 1 Nov 12 to now. Can I confirm that the RNS for holdings in the company arises only when a 5% and 10% share threshold is triggered? Thank you!
There's plenty time yet.....
Can't understand why no other companies came in with better offer why make so EASY!!!!!!!!!!!!!!!!!!!!!!!!!!
I heard Malcy saying effectively that last week on Vox. However, so immediately following the announcement by the board how would be know the intentions of other 3rd parties. He himself was of the opinion 150 would represent fair value. If that is his opinion who is to say there are not several others taking their slide rule over IAE and thinking they would be prepared to come up with something more attractive? Stands to reason doesn't it?
last week emailed malcy he also thought a done deal, wonder if he has changed mind
It is clear as day there are some bulging brown envelopes promised to the board (notice I'm not honouring them a capital letter!) by Delek. Although it has been recommended I just can't see it getting through everybody else at this price. It's one thing for the board to recommend it to the shareholders (owners who have a vote) and another for them to actually vote it through. Some posters still seem to think it's a done deal.
Wow a lot of sentiment hear about being "shafted", Malcys blog about to low an offer! How much delek has ? was the offer cheeky or had they got some big investors on board whatever, kept half looking for new investment but just maybe we still have one thanks guys . Roll on £2 stuff them
anyone got a reply from les at ithaca today? it was a cut and paste job i reckon he claims a special committee decided to accept the deal ... he also claims analysts have valued it and have similar models in valuation of 120p he also states that him and his staff have been abused therefore i have asked who are the special committee and are they qualified to value ithaca ? also asked why we have received no technical data from todays RNS
Monkey just sell what you have and p off no need to try and convince me or others what we should do my mind is made up to stay to the end and will not be voting in favour,
RNS stating first oil and the share dips You have to hand it to Delek and the BOD - they have played a blinder !!!
As shareholders are not in receipt of a formal written offer at this time the only reason the share price is pegged is down to a verbal offer and the BOD opinion. A majority of shareholders have yet to agree to this offer (if it actually materialises) and as such any opinion on the final value of IAE is only speculation. Either sell up, move on or wait until the offer finally arrives. I prefer the latter as it has options including rejection or competing bids.
I think there are an awful lot of "options" held by the BOD and other employees which would probably be fully paid up on a takeover. I imagine something of this ilk may well grease the wheels, plus they would be keeping their jobs on who knows what terms. As for the vote I cannot see very many voting for it unless there has been something as you say "genuinely underhand" going off. Being bamboozled is what they want. If you can't convince then confuse. As I said earlier today's news is good news for Ithaca - don't let them make you think otherwise and don't let them get your shares very cheap! Check out Malcy's blog. article "Ithaca- Alert, being sold out on the cheap…"
but who will vote in favour of it being sold at 1.20? no one.... The biggest shareholders have already expressed their displeasure, therefore apart from Delek, no one will go for it. Think it is very fishy the BOD are happy to sell out now having rejected the £2.65 offer a few years ago citing that it 'didnt reflect fair value'.. so how does less than half that price now reflect fair value, whilst also producing more oil now than at the time of the previous offer?!?!? Complete sham, but think there is something genuinely underhanded going on here. Why would the BOD opt to sell for clearly below market value?? Completely bamboozled by it all....
Absolute garbage and what is worse my old Monkey is that you know it. If your calculations come to 120p then lets see them. The fact that this board accepted the deal imminently BEFORE first oil news says it all. Instead of having speculation we would have had a true market reaction and then you could have a meaningful bid. The way they have done it can never be seen as fair - it is quite simple.
It is neither good or bad news for Delek because they already knew! It is unquestionably good news for Ithaca who are now sitting very pretty. Our BOD's have tried to release this news in the most understated way imaginable which can only mean they would rather not have everyone seeing it as GOOD NEWS. Well it is very good news for Ithaca and it only reaffirms the fact that yes they are trying to shaft us because 120p is not only too low an offer it is possibly even lower than what we would be on now without the offer. Who is going to vote to sell at what is, in reality, a discount?
Hello, he's back! I wonder why? Paymasters getting worried?
The value of this company is now crystal clear. It is somewhere around 120p which was the value offered by Delek. The sooner you get your heads around this the sooner you will be able to move on to other more lucrative investments. There will not be another bid.
A couple of people on this board are worried that, after article 50 is triggered next month, the value of the offer will be worth even less than £1.20. Surely the opposite is true. Today the exchange rate is C$1.627 to £1 but after article 50 it could drop to (lets say) C$1.50 to £1. In which case C$195 would translate to £1.30. Bloo
The Management completely hung us out to dry!! wut a pathetic company/board. Sickening really...
Yeh, good news for Delec!! us common holders got the royal SHAFT!! total BS
Accept 11% on the price BEFORE game changing news! They are accepting it priced at a discount now!
Unilever rejected the proposal, which was rumoured to be around £40 a share - a premium of just shy of 20% on the opening price this morning," said Nicholas Hyett, equity analyst at Hargreaves Lansdown. "With Kraft Heinz saying it'll be coming back to the table, it looks like the initial offer was just to test the water," And our board and independent advisor think 11% should just be accepted straight away
Much as our devious BOD seem to want to belittle the biggest news we've had for a very long time we should not forget that it is GOOD NEWS! We should shout it from the rooftops! We have first oil! We can build up production, pay off debts, invest and the future looks good. All we have to do is shake off this ridiculous offer and then this devious BOD. Now whilst that may be difficult because they are trying very hard to get at our money it is made possible by that same money - once the amount of money each investor (big or small) is going to lose out on in the short term never mind long term is realised then there will be a rapid firming up against this deal. Unless there is something illegal going on how on earth could this offer be accepted?
Cos we are being had over from all directions. Would be nice to hear some more rumblings from the institutions. Ask price should be at £1.20 now anyway and a sell price of £119.5. Never seen anything like it!