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It�s getting crowded. We now have four potential bidders. Expect first news on deadline date for the first three bidders.
At that range 50glass, I'll (and I assume plenty more) be just about breaking even. How long do you think before we get some precision around the t/o?
View of Peel Hunt and FT that the sale price will be in the range 320-350p per share.
Predictions for open this morning? No broker upgrades yet.
Here we go again. Last time the Board rejected �2.5 billion. That suggests the three who have now made approaches are going to come in, if they get to putting terms forward, of a rather larger sum. Never a dull moment with IWG.
Hopefully, I'm still 20+% down.Let's see how the next week starts...
Great newd now we may have a bidding game on
Peel Hunt issue an upgrade today to 'buy' from 'hold' with a new price target of 270p.
The Onex and Brookfield cash bid was, according to the FT, c. 300p per share. Clearly the prospective bidders saw appreciable value above that level. It is now up to the IWG Board to deliver. Perhaps my valuation of 400p per share, posted previously on this board, is not so daft after all.
Excellent news. I was concerned that we would be sold at a price below our prospects. Well done the Board who have sen off the predator; now shareholders. Can look forward to enjoying the future growth of our business.
Onex and Brookfield have stopped their persuit of IWG.
Bid deadline extended to 2nd Feb
Whilst the FT is reporting that a Brookfield/Onex bid of 280p has been rejected by the IWG board. Looks like an interesting few days coming.
Today�s London Evening Standard report media (speculation?) of Brookfield/Onex coming in at 300p per share, with Oeel Hunt suggesting 320/340p is fairer value. All-in-all I�m inclined to hang on in here.
Someone must be hoping/expecting a decent bid to come in by the 20th having lashed out almost �55k on a 20,000 shares purchase this morning. Fingers crossed they know more than we do at this juncture!
The final week, between this morning and next Sat 20Jan, should make for interesting week. I'm anticipating an upwards move, plenty of headroom. Just my opinion but IWG is 'hot' at the moment. GLA.....
Its eyes down this week i think any views???
:-)
Taking the timeframe from RNS of 27Dec 2017 re 'takeover' to 20Jan 2018. We are about half way along......and yes, it could happen (or not) at any moment. Just wondered what people thought will happen over the coming days, are we hotting up OR cooling off ? ..... just surmising
The Form 8's are public disclosures of banks/brokers/funds with significant positions and recent trades in the period of offer up to 20/01/18 the latest one is IWG's own position as Offeree
With all the the Form 8.3 and 8.5 rns releases , can anyone help explain what it all means ? Thanks
This was from 2015, £4 billion valuation would give you a SP of £4.39 and Dixon has 25% that's a nice round number for him- and id be quite pleased myself http://www.thisismoney.co.uk/money/markets/article-3229856/MARKET-REPORT-Office-rental-giant-Regus-ripe-4bn-takeover-bid-rumours-gather-pace.html
I'm feeling smug as I posted the following here in June this year: ".....should lay to rest the idea of Mr Dixon taking the company private. So whilst I stay with my 400p sp target, I suspect that, given the current low level of debt on the balance sheet, that the company will be on the radar of several potential purchasers."
Peel Hunt have upgraded this stock to add with increased SP. I would like to upgrade my prediction to add with SP of 290. It is amazing how easy these predictions can be with hindsight. If only they had upgraded before the takeover news. Maybe, just maybe, if the takeover falls through, they may downgrade their prediction, after the news of course.
Over anticipation !