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Not the first time i've made a few £ by following insisder dealing! Still down overall tho so glad to be rid tbh..
Happy Days..wish I could go down to the Pub and celebrate.
GLA
to sell currently and a big jump today might imply that confidence is gaining that competion clearance from the EU for takeover at 15.5p is becoming more likely...?
I think the only companies not writing their own obituaries these days are undertakers!
sold mine for a few pence the other day and pleased I did as the latest rns reads like an obituary.
their is also the possibility of a counter offer, the offer of 15.5p is ridiculously low and just above the placing price Sterling investments had been increasing their holdings for a considerable time and have paid much more than the offer price.
I would be surprised if we see another offer in the next few weeks in the 20p region or higher
Sold mine this morning 14.5 after costs. Huge loss but, as you say, the deal could fail and LWB would be toast. A bird in the hand is worth two in the bush!
This maybe a silly question but why has the share price not hit 15.5p
Summary
· The boards of directors of FV Beteiligungs-GmbH ("FVB") and Low &
Bonar PLC ("Low & Bonar") are pleased to announce that they have reached
agreement on the terms of a recommended cash acquisition under which the
entire issued and to be issued ordinary share capital of Low & Bonar will
be acquired by FVB, a company wholly and directly owned by Freudenberg SE
("Freudenberg") (the "Acquisition").
· Under the terms of the Acquisition, each Scheme Shareholder will be
entitled to receive:
15.5 pence in cash for each Low & Bonar Share
· The Acquisition values Low & Bonar's existing issued and to be
issued ordinary share capital at approximately £107.0 million.
· The price of 15.5 pence per Low & Bonar Share represents:
· a premium of approximately 101 per cent. to the Low & Bonar share
price on 19 September 2019 being the latest practicable dealing day before
this Announcement of 7.7 pence per share; and
· a premium of approximately 119 per cent. to the Low & Bonar 30
trading day volume weighted average share price for the period ended 19
September 2019.
There is RNs issued Friday 20 @ 17.30. Just look for it ...
no rns and no web site!
There is no rns?
Pretty paltry offer IMO.
They've accepted a takeover bid.
Takeover offer @ 15.5p
Wtf is going on.
Indeed! Any view on the price level?
15.5p looms come Monday :)
Oh Dear, this has collapse written all over it, sadly. The PE boys will be waiting for the share price to hit sub 5p and then make an offer at 10p. The people that bought in at 15p will jump at that offer and run for the hills. Think of all turnover of £350m for the bargain price of £100m. I will hold out for 5p again...........See Ya....!
Market Cap £53m - Nett debt after very recent raisings and disposals - c.£100m...........TOTAL TRAIN WRECK.....as said previously at 5p worth a punt but no higher. The big issue on the horizon is the 'poor market conditions' comment. It is bad enough being buried in debt but not having a buoyany market to assist recovery - basically your screwed..........LIKE I SAID 5p AND NO MORE
Academy
Ouch !!!
I might buy back in at 5-6p. Let's see what happens
Well that was quick.
The entire ce division gone for half its value.
Interims out at the end of the month.
I still think lwb can be turned round but I couldn't guess the timeframe so I think that's it for me I wouldn't know how to put a price on this now.
D.
Is it only on this share you make wild predictions? Maybe someone knows where it’s going to go but it’s not you, nor me or anyone else posting comments.
Here's the slide again..........no basis for the recent rise....!