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Bigego
It could be argued that why would the SP tank if the bid failed
If a bid has been made at 370 than there must be clear evidence to the bidder that its worth it in the first place
Certainly it would slip but tank...absolutely not
Yes, we’ve all read it very differently to Broch….but that’s not difficult given he’s a broken man, a broken soul…..
His imbecilic marxist utopian dreams are being dismantled in front of his eyes so he’s desperately scrambling to any and every hope that could stem the free market capitalist tide…..
Unfortunately for him though her just making himself look like an even larger plum than he already was.
Henky - generally speaking never take advice from online forums :) but I see your message and although I'm not a poster in this forum im happy to share my opinion as if I were in your position.
You say you have 3000 shares so they are worth, what, about £9600 today at £3.20?
I am not fully over the details of the BID but I think it's worth about £3.60 max (if no more bids come)?
So that would be worth about £10,800, so another £1200.
The risk is if the bid falls apart this would tank back to 225 or below - so you seem to have an opportunity right now.
Personally then I would probably be happy with the £9600, and the key thing is what will you do with that money? If you need it for life stuff fine - but if you are able to reinvest it elsewhere then what opportunities are available?
It's your decision, but it seems you have already achieved a good return in my view.
Indeed Hold Henky
Henky "sell now or keep a hold of them"
Hold for sure!
Henky - ‘Could do with some advice here I have roughly 3000 shares in royal mail .What advice would people in here sell now or keep a hold of them.’
Certainly. If I was you I’d sell up very quickly and then put that cash very quickly into getting the care that you need so that you don’t become a burden on the British taxpayer. Good luck.
Could do with some advice here I have roughly 3000 shares in royal mail .What advice would people in here sell now or keep a hold of them.
Just look at the general theme from the media this morning.This will slide through.Both political parties will make a few words seeming like they are actually bothered.If it was a problem they should of blocked the increase to above 25%,where is the logic to say we will let you above 25 but not 100.
Broch I read it a bit differently. IMO it sounds like the BOD are saying to the current government you have had 4 years to address the USO issue and failed to do so thus part of the reason we are in this current financial situation. But dont worry we (the BOD) will get agreements from DK that the brand will be protected. employees will be okay etc etc.
Would now not be the time for the public backlash when 2 offers have been made and the business are like minded to accept. The apathy shown by the general public in this country around local elections and Mayoral appointments with very low turnouts suggests to me that if they cant be xxxxx around local services/councils then the subject of who ultimately who owns IDS is not going to be a major issue for most. Yes you will have the usual groups voicing concerns but will any party pick it up as a potential vote winner/loser in the upcoming GE I am not so sure.
PostmanPorsche - ‘Does it mean that the 2p is going to be mentioned in the forthcoming results or could it be a different amount?’
The dividend was 2p…..plus an 8p special dividend….and yes, it will be mentioned in the year end report.
Don’t have to be a genius to figure out that Royal Mail will be spun off from IDS once takeover goes through. Price… 50p -125p. Who the hell wants 150k employees!
The dividend part of the offer is interesting. Does it mean that the 2p is going to be mentioned in the forthcoming results or could it be a different amount?
Broch - ‘The pressure on the government and opposition will ramp up. The public backlash of selling off to an overseas private owner will be immense and the IDS board knows this and are using it as a weapon to fend off the bid!’
Your desperation is palpable. The government won’t be saving your blushes anytime soon. Just accept that your incessant whining was a million miles away from the mark and you look like an absolute melon.
Where is this public backlash you’re imagining? Maybe it’s just in your hovel? Where as in the rest of the country no one gives a f*ck.
Thanks Hounddog10, after reading your comment, it's not a done deal....
It's just sad the board have thrown in the towel at such a low price, as if they can't be asked...it's up to the major institutional shareholders to put up a fight now for all shareholders..
Assuming the offer is accepted for 370p. With the current price at 320 there is the possibility to make 15% on buying shares now.
If the offer were to be rejected are we back to the mid 2's?
Just vote no. Tell your postal mates to buy Ids shares and vote no.
Red, a lot of hurdles for MrK to jump before he gets his way.
Reading the boards statement yesterday it looks more like a challenge to the government than anything else. It's obvious that they want the approval to go to 5 day letter delivery so they can turn round to Mr K and reject his offer.
The pressure on the government and opposition will ramp up. The public backlash of selling off to an overseas private owner will be immense and the IDS board knows this and are using it as a weapon to fend off the bid!
Just vote no. Tell your postal mate to buy Ids shares and vote no.
Having held these since privatisation I shall be reluctantly give them up. OK a nice little earner but that's only money. The regular updates and conversation here will be missed.
What won't be missed is the CWU & USO.
More important than the institutions is the useless HMG, who have procrastinated for years over watering down the USO despite most of our Western cousins having done so without the world falling in. So this is one final attempt by the BoD to wring concessions from HMG so that they can show that IMG is worth more than 370p per share and so reject the bid. But is HMG capable of facing down the neanderthals in Parliament?
Thanks you for update.
Well done Carrington and others on your good fortune with the IDS takeover by Kretinski! Looks like a lot are in line for 60% returns if they bought in at 225 or less. Wow.
You could do a lot worse than recycling your profits into an ITV position - and hoping to do the takeover double :)
There are two ways to effect a takeover:
Scheme of Arrangement (“Scheme”). This is the normal method nowadays. For that Kretinsky has to get 75% of the vote. Crucially, this is 75% of those who DO vote and not 75% of the total potential overall shareholder voters. Kretinsky cannot vote his shares. So a relatively small number of shareholders can block him. A Scheme has the advantage that, if approved, all shareholders are bound to the takeover and delisting and their shares are bought out.
Contractual Offer. The traditional route. K needs to get 50% plus one vote (of ALL the potential voting shareholders, not just of those who do vote). He can vote his shares. Less attractive as, on top, still needs a 75% vote to delist and also needs to get to at least 90% to compulsorily buy out recalcitrant shareholders (“squeeze out”).
Takeover structure yet to be determined but a lot of moving pieces and, given the maths, certain institutional shareholders, even those with not especially big shareholdings, need to be won around. The share price reflects these uncertainties.
Thank you
It was in the statement at 14.00.