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Someone previously posted this as an indicator ...well here it is GLA https://www.investegate.co.uk/iwg-plc/rns/transaction-in-own-shares/201711280700036415X/
What to look for: We have not been provided with any idea of what the cash offer is. If an RNS is issued on Thursday at 7am to say BOD have bought back another 100,000 shares then the offer will be north of £2.60. Personally feel that if they have indicated £2.90 to £3.00 then this only gets it back to where share price was in September. Mark Dixon with his 25% will have to agree to any takeover and I would expect him to want between £3.60 and £4 and this is not unreasonable. I bought into IWG as I wanted a dividend paying top 200 company that would return 30% in one year. I only managed 2,600 shares at £2.05 a week ago as I am gradually moving my portfolio over from AIM to top 200. Just moving profits and top slicing. It took me two months intensive researching to find IWG and be 100% sure it was a keeper. DYOR RKB
The prospective purchasers comprise a manager of property assets and a private equity firm, who appear to have a sizeable position in raising funding. Therefore, the scenario may be to take IWG private and load it with debt. A quick calculation suggests that the current IWG performance could easily support debt of £2.5/3bn. So you make a cash offer and then recover most of your outlay through the payment of a special divident, funded by the debt market. Let's hope the market sees through this - IWG could raise the debt itself for the benefit of its shareholders - or at least leads to another prospective buyer appearing on the scene. Any sale below 350p is too low.
A wonderful Christmas bonus for IWG holders with today's news of an all-cash takeover. Everyone must still be in bed!
https://www.ft.com/content/2e670bea-e82a-11e7-bd17-521324c81e23
Ian Hallett now owns 20% of MDZ. Intriguing.
Regus CMO Ian Hallett has just bought 10% of AIM tiddler MDZ - £1.6m market cap. Wonder if there is a takeover coming of them. Nai/DYOR
1. IWG�s profit warning arose because �anticipated sales improvement in the third quarter from the increase in sales activity was weaker than expected.� As a result, the board revised its expectations for group operating profit for 2017 to a range of �160m to �170m, which compares with �186m delivered in 2016. 2. Nevertheless, the board said it remains �very positive� about the growth opportunities for the serviced office sector and the company�s leading position in it. Indeed, it intends to continue to invest in growing its national networks and development capabilities, although, in the short term, this will lead to extra overhead costs. 3. Looking at IWG�s valuation, the earnings forecast of City analysts for 2017 is 12.9p a share. This represents a fall on 2016�s 15p a share, and gives a price-to-earnings (P/E) ratio of 16. Not cheap, but City analysts are expecting an improvement in 2018. The forecast is for a 22% rebound to 15.8p, bringing the P/E down to 12.6 and making it a recovery stock
looking at the RSI its oversold. but if no bounce soon then could go lower to 160s. a nice bounce then 230s or higher. difficult one to call.. double bottom in the low 200s. maybe today.
So chances of an oversold bounce seems to be receding. The culprit being the aggressive expansion which will lower profit for years to come . This strategy worked for Amazon but the share price still rose during the years of no profit. I’m not sure I’m willing to invest in a jam tomorrow company so I’m selling . GLA
Totally agree with previous opinions voiced earlier today. So far the share price is stable following the announcement of the Q3 results. This company is a long-term hold for me as I initially purchased my holding at today's share price level.
Totally agree - any company that is so focussed on growth is bound to have a few bad quarters. It looks like things improved in October - so yes a very strong buy!!!
Well .....were those results that bad to reduce the SP by over 100p?......I think not.... any company that missis even slightly are being punished hard....strong buy for me......
Lets hope tomoz figures are good and more importantly forward guidance....GLA
A positive rise ahead of Thursday's figures would be very welcome. I guess we cannot hope for to much joy in Q3 - lets just hope its not all negative. Hopefully the SP wont fall below �2 then we can look forward to a steady recovery, otherwise things could drag on for a while.
IWG plc, the global leader in the fast-growing Workspace-as-a-Service (WaaS) sector, will issue its Q3 Trading Statement for the period ended 30 September 2017 on Thursday 2 November 2017. ref http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/company-news.html?fourWayKey=JE00BYVQYS01JEGBXSTMM Personally I'm looking for growth over the next few years, something this company seems to offer, interesting times ahead I guess
and another 11:45:57 205.0000 1,800,000 NT 210.6000 210.7000 Sell
11:39:35 205.0000 1,800,000 NT 211.1000 211.2000 Sell 1,115,236 5,887,861 11:39:32 205.0000 2,839,000 NT 211.1000 211.2000 Sell 1,115,236 4,087,861 showing as sells but SP still off morning lows.
Ref https://www.bangkokpost.com/business/news/1350935/carving-a-co-working-niche-in-crowded-space "IWG Plc (formerly known as Regus), one of the largest office space holders in the world with 3,000 centres worldwide, already operates 18 locations in Thailand and is planning to open seven more outlets..." Please credit and share this article with others using this link:https://www.bangkokpost.com/business/news/1350935/carving-a-co-working-niche-in-crowded-space. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. � Post Publishing PCL. All rights reserved.
That was a huge buy yesterday.....someone knows something.....
wrong board sorry :D
someone is buying 16:24:48 203.3690 200,000 O 200.9000 201.0000 Buy
RNS out ....
waiting for a good news rns.....it will appear soon thats a fact but when?
are they going to invest?