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i think this every time 5-10% gets wiped off the SP each day
Cant get any lower. Can it??????
... which is exactly what I said in February, and why I met Dominic Grieve. However, I don't think he did anything.
Good to see u also! Hope u didn't hold it all though from +20's!
Hi Aka0 yeh saw the price at 11 and though wth is going on they got a bid for 20!!! Was going to load up this morning but held back can't figure out why it is this low seems to good to be true, uk will play ball n let the t/o go through or with the issue of debt n cash I don't think sepu can survive short term , playing a dangerous game if t/o isn't allowed and no alternative solution means BK n selling off assets and contracts to others even worse than a t/o for everyone...but politics rule wouldn't put it past someone higher up in government securing some financing for sepu to remain uk that would still be a great buy at this price and for t/o still a great buy at this price... only thing holding me back is not being able to work out why it's this low! N so damn cheap is it too good to be true .. on sidelines for a while
True Canard, the debt does concern me however I believe there's room for profit in the current share price
SEPU's financial position is precarious. From a recent RNS: "Sepura has entered into an agreement with its lenders to defer the 31 March 2017 covenant tests to 15 May 2017 (with an option to further defer to 31 May 2017 in certain circumstances)." They haven't been saying anything about the worth of these recently signed contracts. Last half-year report (November, for the period ending 31 September 2016) stated a Pretax loss of €62.1 million (H1/16: profit €6.2 million). Net debt stood at €89.2 million. What has been going on since and how far off liquidation are they? They've been there before: http://www.businessweekly.co.uk/news/hi-tech/10107-sepura-ipo-marks-comeback-par-lazarus
Why doesn't effect security around the world especially in Germany and Scandinavia?
Great article. Really makes you wonder WTF the government are doing.
With the potential of 90%, I think I may be tempted load on SEPURA. It would be hard to see this company suffer especially now that UK government are involved and it's in everyone's interest to see this go through smoothly. If the UK government gave the go ahead for the nuclear power plant then the radio communication should not cause too much of a problem. Besides, UK needs to show that they are open for business amongst the Brexit.
wow its just ticked up a wee bit. 12p mid
If the gov give the buy go ahead theres 20p on offer If not SEPU have just won a long term contact, are a long way off liquidation, share price will rise above 20p anyway. Thoughts?
guys, i share your unease. just picked up 150,000 at 11.49p.
Sadly, the volumes are not so tiny.. so far: Vol / Avg. 808,168.00/487,744.00
Either these shares are way too cheap and anyone offloading at these levels is stupid or a further grilling is coming possibly no deal and where that's leaves sepu ... no idea
Any shares hytera picked up through a 3rd party would be a large discount to what they have to pay when everything completed... hence you would expect nearly 50% decline
Not just today regardless of volume you would expect someone to be picking up any shares sold but they are not letting it go lower
Question given it's now formed a contract with hytera is there any possibility of another buyer stepping in now? Even hytera must be ****ed it's paying double market value n may choose to pull out if it goes on for too long... can they? Where does that leave sepu?
yus191.... the volumes are tiny, and the £amounts miniscule today
Something is fishy too much of a drop all this was expected nearly 50% drop from t/o price hmm Want to get back in but someone must be offloading large for it to fall this badly maybe someone knows something we don't as has always been the case with movements in sepu.
Regarding the 10 year managed service contract in Germany. This is one thing that's always confused me throughout this buyout of Sepura. Why when they were winning contracts, very lengthy contracts, did they recommend such a low offer? Especially when Sepura aquired Teltronic for £60m. Do Sepura think they can only fulfil these contracts IF they a bought out? Or do they believe they can fulfil those contracts regardless? And the companies that are using Sepura, surely they wouldn't sign a 10 year contract with Sepura unless they thought their future was solid with or without the buyout? In which case with or without the buyout, because of the lengthy contract wins, do we assume Sepura are fairly secure?
That writer at business weekly doesn't see the difference between ARM and Sepura. Well, if ARM went to the Japanese who are prosperous and get on with the west. We are not critically dependent on ARM technology - alternative microprocessor technology is available. Sepura don't make the kind of digital radios you listen to in the garden shed...
Maybe someone in MI5 or GCHQ pointed out to the Home Secretary that letting a communist country producing the west's secure communications equipment is an insanely bad idea. I guess the government hoped the yanks would solve the problem by forcing an American company to buy Sepura. Now they delay the deal while they consider what to do. If they block the deal, they still need to ensure Sepura keep producing the radios the police etc depend on. Nationalisation is politically taboo, but the UK gov underwrote UK banks to limit damage. So underwriting might be politically acceptable. Sepura is only worth about 80M in total today, so that risk spread over 64M UK people is just £1.25/head. That's a pittance to guarantee supply of critical equipment.
Maybe HMG assumed someone (Motorola, whatever) would make a better bid: we all thought that when 20p was announced. If so no need to intervene. But they haven't. Sure, if I was going to Dublin I wouldn't start from here.
Can't see any easy way out if this T/O is blocked. And would expect the UK government won't want to be seen as the reason for Sepura to go burst, hence if they do block it they will have raised very serious security risks. It is also worrying we haven't heard anything of the Spain review. I'm afraid if the T/O doesn't happen, unless a new offer comes in from a new bidder, SEPU may well become history. The thing I've been asking myself is who would bid for SEPU today? Competitors will win new customers if SEPU fails.