Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
We could have done without the Election, but
Why are they doing that?
Just ran a dummy sell, got a price quote of 324.5 so nothing's leaked re bad news.
Very odd I thought they would at least be here at 0800am. The numbers will be hard wired in but could there be a very vey late change to the forward looking statement linked to the GE? Has there been something else from DK? I am not normally one to speculate but unusual circumstances this morning.
Very strange to not have the results by now I’ve got shares in avivia and the quarterly results are already out I’m sure their know the results so why not let the markets know when I worked at RM when we got to work at 6 o’clock by 8 o’clock the manager would print the results out and lay them on the frame you were working on .
Whatever the reason at least there's no panic and SP is stable. I hope it's published soon as I have a meeting 1200 - 1400. Don't think it would go down well to be checking for results constantly.
GLA
I've checked financial reports dates on IDS site its definitely today, I also have a news release email set up and nothing....
The results were posted 2nd class, weeks ago..
The Board unfortunately used counterfeit stamps and an oversized envelope, so there is currently a surcharge payable…
Probably lost in the post.
I understand that there is a conference call at 1300 to brief shopfloor management on all questions asked from pasties. That in itself is late
Perhaps DK has upped his offer to £5…..
This much is true, seems a bit odd that nothing has been published, unless they are doing it end of the day? It use to be ready to go by the time people got to their frames a few years back!
TMS you could be right about the takeover situation with the GE being July 4th and Labour looking very likely to be the next government I wonder how that will effect DK takeover I know you have always said it has pretty much been approved by the government . But in all likelihood we will have another government before DK offer can be put to a vote by the shareholders and that government might have a different view then this government on DK bid.
Would IDS not have to notify LSE why they are not publishing their results on results day
IMO
The GE was called because this takeover is on .
Was it five or six shots fired?I reckon there is one bullet left
DYOR
It is very peculiar that the results have not been released. As others are saying you would normally expect 7.00am and if not that 8.00am. There are no particular rules requiring IDS to get the results out today other than once you know your results you are obliged to get them out a soon as possible. The more important issue is that they have raised an expectation in the market that they will release today (and have lined up analyst calls). It is not a good look for a FTSE 250 company even though IDS is a bit slow generally to release results and certainly takes a lot of time to get the full glossy annual report out. However, I expect the results to be out shortly. They should normally have submitted the RNS release for issue first thing today at close of business yesterday but perhaps they are revising wording due to the election announcement.
MS
'Because we will know by next Wednesday 29th whether DK is putting an official offer on the table.'
As is the case with a shed load of unsolicited bids for companies that go into a Formal Sale Process, these 'supposed' deadlines are frequently extended by a further 4 weeks (numerous times) while the complicit BoD 'pretend' to be fighting for better deals.
The price has most likely already been agreed months ago, and the games will be played while they sit together having tea and hobnobs giving the illusion of 'strong negotiations' that appease some blinkered idiots who think Directors and Unions actually give a single gram of fcuk about their shareholders/members.
Some pigs are more equal than others.
Hounddog10 with the CWU & DAVE WARD , more accepting to change at IDS ,the board way , rather than DK EP VESA way. Do you think IDS would prefer a labour government, with the CWU doing the bidding on their behalf regarding USO....
I THINK the delay is due to the board , changing the statement to take into account the election.
The only way for a firm offer to be tabled is for the BoD of IDS to RNS a non negotiable PUSU date (put up or shut up) and compel DK to make a best and final offer. That would put all the theatre to bed and give clarification to shareholders (which means it won't happen because they like to waste more time and money on legal fees pretending to negotiate the terms of offers/contracts).
It's already been sold, the market just haven't been told yet (my opinion).
Time will tell, all the best
Royal Mail’s parent company International Distribution Services (IDS) has failed to deliver its full year trading update on time, scheduled for 7:00AM on Thursday morning, as a possible takeover hangs over the group.
IDS was set to announce its full financial year 2024 results this morning, but at 7:42AM the press team sent an email apologising for the inconvenience. It said there was “a delay in issuing our results this morning. We expect them to be up in the next hour or so.” But by 10:00AM there was still no sign of the results.
They have to get the consent of the Takeover Panel to extend the PUSU deadline. The Panel May agree relatively easily once if negotiations seem to be coming to a conclusion but it won’t allow continuous extensions of the deadline running into weeks.
I've invested in a number of companies that say they have set a deadline only for it to be extended multiple times. It isn't a given it will be the last extension (hopefully it is).
As for the 'obvious' statement that it needs shareholder approval, the major fund owners will already have been sounded out on their acceptance level for support, DK didn't just wake up and decide to throw a bid in without doing his due diligence and palm greasing with the largest shareholders and institutions.
As I said, it's already sold (my opinion) and it will be going through on the nod because more than enough holders will accept (and a load who post their supposed resistance probably won't vote at all anyway).
We shall see, have a good day
4 minutes
The RMG soap opera continues