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Thank you Islewothspy for your post at 19.30 last night over that obnoxious odious oaf
Clearly he/she continues to abuse others so just as I've done start reporting each and every post until LSE remove him for good
Often these trolls are actually kids in their bedrooms and his/her spelling and grammar bear all the hallmarks of a 12 year old
IsleworthSpy - starter for ten points….who are these hilarious quotes from telling people VESA weren’t interested in bidding for IDS……
‘So, you are still perservering with VESA launching a takeover bid?
Why do you think this, after Daniel stating that this as not his intention?
Do you think he is lying?’
I’ll give you a clue. He’s dense and carries boxes for a living. If that helps? Hahaha.
@ Oli G.
Unfortunately, yes.
He was banned for months because of his abusive posts/nature. He claimed to have found "utopia" with like minded people, who knew the investment game inside out. That explained his absence.
He is now back here and nothing much has changed.
Still abusive. Still condescending. Still obnoxious.
AND STILL UNDER WATER. Despite the best efforts of Daniel.
LOLOL.
Ispy, "Anybody in their right mind, who believes Daniel will make a substantially higher offer, will throw everything available, financially, at this."
I "threw" as much as I am prepared to do at this stock last June however I'm not prepared to gamble/invest any more as I'm happy with my holding however it seems strange that there's not a massive amount of interest at the moment?
Judging by the amount of "green" in my screen today and some of the comments, I will assume that AngerSharkz is still being a knob head?
@ Oli G.
And despite the fact that it would apparently need """an extortionate amount of money" to prise IDS from the fingertips of Daniel, the share price is still lower than a few months back.
Anybody in their right mind, who believes Daniel will make a substantially higher offer, will throw everything available, financially, at this.
To be clear in the previous post I am talking about Kretinsky blocking any potential counter bid he does not like.
Isleworth Spy
With his 27% stake Kretinsky is in the driving seat here. There are two ways to takeover a UK listed company:
Firstly, by a Scheme of Arrangement. This was a relatively novel way a couple of decades or so ago but is now the norm. It is a court sanctioned process and requires the target company to recommend the bid as effectively the bidder and target company are working hand in hand to effect the takeover. There is a shareholder vote and 75% of shareholders have to consent to the takeover. The matter then goes forward for Court approval. Note that only the votes of those shareholders that DO vote count in the calculation. So you can get a situation where, if not many shareholders vote, a small number of shareholders can rustle up 25% votes of those voting and block the bid. However, I would have thought nearly all shareholders here will vote and in any event with 27% of the votes Kretinsky can block even if everyone else votes in favour.
The major advantage of a Scheme is that if approved it binds all shareholders and all shareholders are compulsorily bought out, even if they have dissented. Included also in the 75% vote is the vote needed to delist the target company which is usually important.
The disadvantage of a Scheme is the additional involvement of the Court process and if you have a shareholder/s with close to or over 25% who are against you then can stop the takeover. The minority has a great deal of power.
Secondly, a contractual offer. This is the traditional approach and does not involve the Court. For this a bidder needs to get 50% plus one vote of ALL the voting shares (whether they vote or not). The main disadvantage is that even if you get control you cannot force dissenting shareholders to sell unless you get to 90% acceptances in which case there are Companies Act provisions to forcibly buy out the rest (“squeeze out”). You also need to get 75% (on a who votes basis) to agree to delisting.
Again on a contractual offer basis Kretinsky has a significant advantage as another bidder should need to find the 50% within 73% of the total votes and even then Kretinsky can block delisting and squeeze out.
I would be doubtful another bidder will emerge (unless teaming up with Kretinsky). I suspect he will make a higher offer as I have always felt that the political risk of a Labour government for five years is high for him. The CWU are reported to be talking to Labour this Friday about re-nationalisation.
Oligarch - ‘It was so much better when the angry one disappeared for a couple of months so one can only assume that he was unable to access the internet?’
Still pretending you don’t read my EVERY word?
Let’s not forget, you even spend your spare time when I’m not posting on OTHER forums you have no interest in speculating on my whereabouts……hahaha!
Cuckoo, cuckoo hahaha.
Would be quite a shock if there wasnt a second offer. Only point is, we will actually here about? The first offer was a decent premium, but I'd expect another 10% on top. Second offer at 350?
RT003 - ‘Why this character is allowed to continue to be an offensive oaf to all and sundry god alone knows LSE ?’
This character…..offensive, yes. An ‘oaf’…. Not really given the fact that I’m consistently correct and factually accurate.
I’m still waiting for the day that you post anything of any use to anyone. Are you an actual human or are you a bot? Lol.
Hopefully
Decent strength this morning, sign of an increased bid on the way?
I read somewhere that the board were meeting this week to prepare their defence against Kretinskys bid. Redwheel and other investors are also taking the bid seriously. Even if the defence against Kretinsky is the Nations security, the main players haven't mentioned it thus far, so it is clearly not cut and dried that the act will be applied.
No I wasn't referring to the individual you named but someone else who is now caught between a rock and a hard place and unable to respond and take the bait
Again why LSE let this odious character continue abusing others is quite astonishing it really is
Nicktims, both yourself and Ispy raise a valid point here and the SP may well rise and drop back on the back of news over the next couple of weeks however it is strange that many commentators have proclaimed GLS to be worth 350p as a stand alone business yet the SP is still sub 300p.
I would be happy with 330p a share as that would give me around a quid a share profit after taxes.
RT003, I only have one poster on filter here and judging by the amount of green messages on my screen it can only mean that AngerSharkz has returned. It was so much better when the angry one disappeared for a couple of months so one can only assume that he was unable to access the internet?
Why this character is allowed to continue to be an offensive oaf to all and sundry god alone knows LSE ?
Destroys all interest in adding comments
I believe one of the main reasons for not hitting 320 pence is the fact that investors don't believe the deal will go ahead due to government intervention. At this point in time my thoughts are that a higher bid may well follow up, however, perhaps another 10 pence only (330 pence being the original offer price). I shall be more than happy with that!
IsleworthSpy - ‘I don't get it.’
That’s because you’re a box carrying thicko. If you had any wits about you you’d have done something decent with your life. But you haven’t, have you?
‘So. For the experts on this board: Please tell me why the share price is not at 320p at least. Daniel thinks it's worth it. Why does nobody else?’
Again, this is all way above your head. Just Because there’s been a rejected bid the market will do as it pleases. And quite frankly who cares?
The important thing is what DK thinks because ultimately that’s what’s going to make a large sum land in my account. Not your incessant whining.
JP Morgan, Peel Hunt and RedWheel…..you know, those other big boys with plenty of skin in the game here have made it clear what they think…..for those with the ‘nouce’ to find out useful information.
What is Ian Lance prepared to take for his 10% birdbrain?
Take as much time as you need spud. Lol.
I don't get it.
If Daniel is going to put in a higher bid within the next three weeks, why has the price not surpassed his original offer of 320p?
Why are the big hitters not jumping in, forcing the price ever higher?
I get that there are sellers, small holders, but to the volume of big buyers? No chance.
I assume that the more vociferous on this board, the ones that claim they are "loaded", will be buying more. Of course, you will not hear of this, until they are in the "money".
So. For the experts on this board: Please tell me why the share price is not at 320p at least. Daniel thinks it's worth it. Why does nobody else?
April 21 (Reuters) - Fund manager Redwheel said in a statement on Sunday that it supported Royal-Mail owner IDS' board decision to unanimously reject a non-binding share bid from EP Group on 11 April.
Redwheel, the third-largest shareholder in IDS, said it was in full agreement with the board that EP Group's offer of 320 pence per share significantly undervalued IDS and its future prospects.
EP Group, owned by Czech billionaire Daniel Kretinsky, made the cash offer on April 9 for Royal Mail.
Kretinsky is working on improving his offer, a source with knowledge of the plans said last week, after his bid was rejected. (Reporting by Chandni Shah in Bengaluru; Editing by Hugh Lawson)
If GLS is worth 3.50, than a fxed RM should be worth £5 plus on its own....
I get the feeling Martin Seidenberg would prefer IDS to stay independent, and reep the benefits later....rather than be taken over cheaply...
Anything under £5 would be cheap.....
Yep it's a dirty, corrupt, manipulated, UNregulated market but...it always has been.
GLS alone worth 350p?
On your own link the part you left out….
‘Following careful consideration, the government will take no further action on the acquisition of increased shareholdings by Vesa Equity Investment in Royal Mail and a Final Notification has been issued to parties.’
The government will take NO FURTHER ACTION.
That’s a bit of a clue.
RGPostie - Clutching at straws much?
VESA can purchase the shares they don’t own in International Distributions Services.
Don’t believe me? Just watch what happens up to the 15th May. You won’t have to wait long.
Where’s the blockade on the bid that’s already been made for the company? It would be very easy for the government go end the bid now if there was an issue……..
But there isn’t a blockade and not as much as a whisper from parliament because it’s been given the green light.