The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
agree stew.if we do get that sort of offer it would,i think,call very much into question the bod's conduct of the FSP and its outcome.in fairness we have no idea of the intricacies of the process and the competing and probably conflicting interests involved and no one saw the covid crisis until it was too late,but that said its hard to see how a successful FSP could have failed to deliver a better outcome than now,unless it was all smoke and mirrors, which i don't believe. anyway it's all history and if we do get lowballed now there will be absolutely nothing in practice we can do about it. personally if we got 40p i would be disappointed but still in a small profit so wouldn't complain too much but many will be very angry im sure.perfectly possible lombard could just be in for the ride long term but i think the size of their holding (which i accept is not huge in terms of value,but which is considerable in relation to proactis itself) would suggest otherwise. just my opinion of course.
As the share price is so depressed at the moment and with business pretty much as normal (minimal effect from covid-19), the main worry is a 30-40p low ball offer! Considering we were talking £1-£1,20 only weeks ago this would be very disappointing for medium term investors as once the economy gets up and running, combined with low interest raced, doubled with Government spending plans as laid out in the budget could make for a blockbuster 2021
Yeah strange no corresponding rns for the sell... Also there was a 7m trade around the same time as the 5m which there was no rns for either. Suggests to me that mechanisms are being used to accumulate shares out of sight without declaring... If Lombard have secured an additional 5m shares and it wasn't a direct purchase from another ii, then this really is a positive as it shows that there hasn't been any loss of faith by any other ii, Lombard have simply soaked up all the shares which either pi's or ii's with small holdings have sold due probably to the Corona scare. Means the free float has reduced significantly and therefore the SP will start to react strongly to even small buys. A company like Lombard will have a solid plan, they won't take almost 30% in a company if they don't have an exit plan, a couple of % can be sold off easily on the open, 30% is a different ball game... Either they need an explosion of great news or they have an interested party lines up, I can't see them taking 30% without being sure of one of these options.
so no RNSs yet regarding the sell/sellers from whom bombard got the additional shares.perhaps from several sources so no need to report, but does seem more likely they came from one major seller so perhaps we will get news on tuesday.regarding you reference Farhantahir to taking it private this does,i think,start to look like the most likely scenario,but no certainty and i am just speculating out loud.the question will then be at what level they would have to pitch the offer to be sure of getting the necessary level of support.hopefully we will know more in the near future