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https://www.mobileworldlive.com/money/news-money/apple-readies-p2p-apple-pay-upgrade/ I thought we had decided that Monitise owns the master P2P patent ? Even more reason for Fiserv to buy us !
Although Bidco have offered 3.1p they will inherit 20 million pounds cash in the bank (worth almost 1p). Vote NO!
At that level, you must be joking. Bidco are simply taking the mickey with these poxy offers and this as well as anything close to it is and my answer for this, or anything close to it, is NO, NO, NO!!!
Just vote NO if you haven't already. I also voted no.
If the VOTE NO more then 30% company will issue RNS or what?
Just got email below from broker ================ Dear Investor, Corporate Action – Monitise Plc - Scheme of Arrangement Account Number: xxxxx On 13 June 2017, the boards of Fiserv, Inc. ("Fiserv") and Monitise plc ("Monitise") announced that they had reached agreement on the terms of a recommended cash offer by Fiserv UK Limited ("Bidco") (an indirect wholly-owned subsidiary of Fiserv), for the entire issued and to be issued share capital of Monitise (the "Acquisition") at a price of 2.9 pence in cash for each Monitise Share, to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act. On 24 July 2017, the Court Meeting and the General Meeting to approve the Acquisition were postponed on Fiserv's request, in light of feedback received from certain Monitise Shareholders. On 7 August 2017, the boards of Fiserv and Monitise announced that they had agreed the terms of an increased and final recommended cash offer to be made by Bidco for Monitise (the "Increased and Final Offer"). Monitise is pleased to announce that a supplementary circular setting out, inter alia, details of the Increased and Final Offer, notices of the Reconvened Court Meeting and the Reconvened General Meeting, a revised timetable for the Scheme and full details of the voting procedures for Monitise Shareholders (the "Supplementary Circular"), has been published. Under the terms of the Increased and Final Offer, each Monitise Shareholder will be entitled to receive: 3.1 pence in cash per Monitise Share (the "Increased and Final Offer Price") The Increased and Final Offer Price values the entire issued and to be issued ordinary share capital of Monitise at approximately £75 million on a fully diluted basis. The Supplementary Circular has been made available on Monitise's website at www.monitise.com The Reconvened Court Meeting and the Reconvened General Meeting will be held at the offices of White & Case LLP, 5 Old Broad Street, London, EC2N 1DW on 25 August 2017. The Reconvened Court Meeting will commence at 10:30 am (UK time) and the Reconvened General Meeting at 10:45 am (UK time) (or as soon thereafter as the Reconvened Court Meeting is concluded or adjourned). On the above you will receive £xxxxxxxx for your holding. The effective date of the scheme is 1 September 2017 and the proceeds are expected to be paid by 15 September 2017. Regards
Great, thanks taken. So as long as I don't have to revote everytime they make a tiny incremental offer, it will stay a NO for me.
Stop farting about and put your final cards on the table ,so we can all move on ! Please !
Sounds good ,but it does'nt always work,as I have discovered to my cost !
Confirmed my intention to vote NO with my broker today.
UK, as far as I can understand from my Hargreaves trading account my first vote is still registered.
Maybe I won't be "Taken" again?
Very interesting, many thanks K3
Hi All. Just registered. Can anyone tell me whether I need or should be able to vote no again to the latest offer. I voted no the first time but my trading platform is saying I have no choice but to accept the latest offer on the table this time around. Reading other posts others are implying that there is still time to vote no. Thanks, any advice appreciated.
We need a competent CEO who will buy into the company and align his interests with investors.
Final bid 3.4p, not 4.4p. That was a typo, sorry.
I agree with NTX that all it needs and was good enough is a70M£ injection.
IMO LC will make sure the results will bad to encourage pi's to sell their shares as cheap as possible and as fast as possible so he can get away scot free with whatever hidden agenda he have planned, its all just my opinion
How do I send in a NO vote from abroad - US and when? Thanks.
FY 2017 Earnings Release (Projected), 9th, September
2016 full year results were realeased 08 September last year. I wonder when they will release 2017?
"If the bid isn't accepted,the price will probably go down " Maybe, but once it becomes clear that Fiserv are desperate to acquire us ,the table may turn ! Otherwise, a breakup of the company is on the cards ! That ,all of course, assumes that no one else is looking on !
If there was a 99% chance of the bid being accepted, or a greater bid being tabled,there would be a lot more people and institutions jumping in for the easy 3-4%. They would even jump in for an easy 1-2% considering the short time frame. The fact they aren't shows that if the bid isn't accepted, the price will probably go down. 2.9p to 3.1p to 4.4p - sure. Moni could make money, sure, but they will need serious investment. 15P of tax losses is irrelevant without investment and growth.It seems absurd that people are using this aspect to claim 3.1p is undervalued and that this would be a bargain at 5p.
Guestimation "Shares are trading around 3-5% below bid price - this means people are confident of the deal going through but shows there is still a perceived risk. If the deal was a certainty, shares would trade much closer to the bid price. If people though the bid was undervaluing the company, they would trade higher (see whole foods after the initial offer for most recent example)" Obviously there is a risk! Why take a risk on 3.1p, when you can get 2.99p, or 3p? That is the way they got so many shares around below 2.9p. Fear, uncertainty and doubt. Easily peddled. As for trading higher, read my comment about peddling fear, uncertainty and doubt. You should know, you were one of the pedlars. "15p of tax losses... "Use of the tax losses would require the generation of future taxable income profits in the UK from the same business currently carried on by Monitise" You can't just buy another companies tax losses - if you could a company would never go into liquidation and noone would pay corporation tax!" Anyone who thinks that this business can't make money needs his bumps felt. Fiserv has $1bn free cash flow per year. If it doesn't get Moni at 3.1p, the next final bid will be 4.4p. We will see, soon enough.
Shares are trading around 3-5% below bid price - this means people are confident of the deal going through but shows there is still a perceived risk. If the deal was a certainty, shares would trade much closer to the bid price. If people though the bid was undervaluing the company, they would trade higher (see whole foods after the initial offer for most recent example) 15p of tax losses... "Use of the tax losses would require the generation of future taxable income profits in the UK from the same business currently carried on by Monitise" You can't just buy another companies tax losses - if you could a company would never go into liquidation and noone would pay corporation tax!