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so they want to do a buy back, though £0.01 seems low?
Indeed. Interested to see how this moves today.
NO NO NO 0.01 IS JUST A NORMAL RNS WAY THE PRICE WOULD BE MUCH MUCH HIGHER
guys, never been in this situation before... what does this actually mean? Imagine you're telling a 5 year old! :-)
0.01 is the nominal value of the share and nothing to do with the buyback price.
This is great news and should push the share price back to a more realistic value.
Some news at last! Any news better than nothing.
I think the £0.01 refers the 'ordinary share value' not the price they intend to pay; surely when the time comes they will have to pay nearer current market value, maybe as much as the NAV?
As I said before, I'm definitely no expert here, but that would seem logical I think.
Watching with interest today.
In simple words wat does this RNS mean?
What price could they pay?
Yes the nominal value is an accounting figure, they will most likely buy in the open market. This is positive for SP but the buyback won’t start for a few months.
Because Dbay own more than 30% any increase in their stake (through reducing the share count after buyback) could trigger a requirement to take the company over, so they need a waiver on this from takeover panel (quasi government)
Considering how much we've moved up in the past... 30 minutes since open, we could be well over the NAV by the time the buyback happens... The price is basically whatever we are at the end of February + what ~£25m in buyback does.
20PENCE IS FAIR VALUE IMHO BEEN WAITING FOR YEARS
MAJ101
CAPITAL RETURN TO SHATRHOLDERS YOU AND ME
Here's the real question:
A company with a cash value of over 19p just announced a 20% share buyback to begin at the end of February.
Who on earth is selling at 14.7p? Did they just not understand the news, saw the price rise a bit and panic sell?
fiat - EXACTLY that, wtf?
why would u sell now? :/ strange!
FIAT
Most pi have not got the x factor lol
20-40 % upside at least
The craziness continues. Just sold another holding to buy even more at 13.9p. Thank you Mr Market ??
Well that didn't take long to dip back below 14p, how long before we're back where we started?
Incredible how the SP ebbs and flows, hopefully we'll see a more sustained rise once the buyback begins and DBay subsequently get investing the cash properly.
Fingers crossed, hopefully they don't get too burnt along the way!
That's just charming, Transan!
Sadly of course, you may well be right - it's certainly been a long and bumpy road since the Stobart days and I see from today's RNS that a lot of the same old names are big shareholders, but hopefully DBay will help steer a decent course through all of this and do the right thing by PI's like us.
Only time will tell but I will keep my oven gloves handy just in case!
Transan
Have you got any examples of DBay screwing over shareholders?.
I was a Harvey Nash shareholder and miffed when they took it over for a bargain price but there wasn’t any practice associated with how they did it
People Call US SAD SO Just SAY That WE DON`T Give A ****
When There Spotting AN Eddie Stobart Truck
Stobart trucks and livery are being replaced by the Culina livery - slowly the Stobart name will disappear
And so the stobart trucks will echo the sound of silence once twice profit profit no kindness to the workers who make the business $$$