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RT003 "Close eye even...apologies"
You post was made before most have opened their eyes. Perhaps post after your coffee ☕😉
Close eye even...apologies
Will be keeping a close on IDS this first hour of trading.
Ye it seems he’s going to have a massively busy week
Busy week for him
Don’t listen to the likes of OliGarch who is both dense and lives in a Royal Mail bubble with blinkers on…..
It’s difficult for those whose sole focus is Royal Mail to understand market forces and why things move ‘up and down’…….for the investors here it is much more straightforward……..
The biggest driver in the direction of the markets remains the 40 year high ‘sticky’ inflation which hasn’t budged in the last few months…..meaning central banks are less likely to be cutting interest rates this year…..
The other being the grim situation in Russia/Ukraine and the ongoing war in Israel/Gaza which isn’t going to be resolved over night……
The IDS share price will continue to be at the mercy of those larger more significant market forces until a concrete offer is made which may be put to shareholders……and even then the offer price may not be achieved until the deal is sealed.
Very difficult for ex box carriers like OliGarch and IsleworthSpy to understand.
Simple to everyone else.
When executing a hostile bid, the acquiring company may use several strategies to influence shareholders to vote in their favor during the shareholder’s meeting. Generally, when the acquirer makes a tender offer, it sends Schedule 14A to shareholders with the financial information and terms of the acquisition.
Should be £3.50 plus Tuesday because the higher bid will definitely be £4 plus
RT003, "Telegraph will not have run that article without absolutely knowing its onions. Should see a surge 8am Tuesday."
I totally agree and would expect the SP to exit the traps fast tomorrow morning with a surge to 320p. However, should that not happen it would raise some interesting debate?
If the board rejects his bids, can he force a vote by doing a hostile bid, what would the process be for a hostile bid
If the bid comes in before the deadline , Royal Mail can apply for an extension and a 3rd bid can be made. So this isn’t DK last chance
I wonder if Mr K will be buying much advertising space in the Telegraph in the near future?
The major investors will all have a different averages. I think Kretinsky will have done the research to assess this before his bid.
Telegraph will not have run that article without absolutely knowing its onions
Should see a surge 8am Tuesday
Simx , I don't think the board or the major investors would accept 4.20
I think it will be closer to 4.50
So more like he will have to spend an extra 1 billion
Not much time left so the new bid has to be good enough to get large holders to align with kretensky. The next one on the deadline to carry the rest. I reckon it's about 688 million shares(72.5%) that he doesn't already own. If he increases his bid by £1 per share from 320p to 420p it would cost him £688 million. He know this is probably his only chance to buy GLS and RM. He made a lot of money last year. He understands the perfect opportunity has a context and he will see this as the moment.
I'm very surprised about where the sp is at the moment, definitely above £3 Tuesday
The new bid might even come on Tues/Wed
Well if the Telegraph is to be believed everyone know what he's doing.
Surely the SP has to be above 3.20 by noon on Monday now?
That's why Daniel Kretinsky is a billionaire and you are not. He knows what he is doing rest assured on that.
If the bid is £4.20 approx
And GLS is worth £4
Are we saying RM is only worth 20p
If I was going to invest my money in a safe haven I doubt I'd choose RM!!
There's a similar article in the Times but that suggests DK has been surprised that Williams is anti the takeover.
Hurtsparrow as you say, 'if the article can be taken at face value'. I'm inclined to believe the essence is true, the Telegraph is very well connected and it wouldn't be wise to provoke their ire at such a delicate stage, rather give them the heads up that there have been discussions.
The fact that the board and Kretensky are having discussions, and that Kretensky has given fairly wide ranging assurances suggest that the door is open. Redwheel, who have around 5% of IDS equity said after the first offer that GLS was worth 350p on its own, and on that basis I think his final bid will be north of £4.2.
He has a war on his doorstep coming ever closer, and gas pipelines are very fragile. I think he would really like to have his money invested in a safer part of the world.
Yes also found that part particularly interesting.
The irony of the board looking to safeguard jobs.One presumes at executive level but they couldn't care less otherwise.
If you take the article at face value they meetings have obviously gone in to some detail.
I'm 15 years and out.Sack the lot and get that SP up ;-)
Appreciated hurtsparrow. This section of the article was particularly interesting:
"The board of Royal Mail has held meetings with shareholders in recent weeks as it prepares to mount a defence against the approach.
But in a sign the company is softening its position, Royal Mail executives are now understood to be discussing the potential undertakings that would be required from Mr Kretinsky if any future bid were to be accepted.
These are understood to include guarantees around jobs, as well as other politically sensitive issues such as the Royal Mail brand."