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Worth reading all the RNS's from SAG in the takeover of Frontier.
Personally I'd rather pay TPG board members to look after TPG's interests, not SAG'S interests.
I'll be voting against.
I did some reading on that takeover after the RNS and they deployed similar tactics. They are still buying on weakness, whomever is selling to them is no friend of ours, SAG have used every dirty tactic they have. Yet people on here and the other board applaud them for it, our weak holders have helped them no end. I've decided to accumulate more shares too so I can maximise my vote but I will be voting with TPG, I honestly can't think why anybody would vote with SAG as your effectively voting for your shares to go cheaply in 6 - 12 months, the liquidity point has passed, results are next week.
SAG is doing what they are allowed to do. TPG share price have gone nowhere. Directors down own the company anyway, they are all scared to loose their job and now they are trying show they care and deliver on results. Too little, too late. I will vote with SAG. These boards for anyone to make a comment and express their views. Clearly Scrodingerscat prefers to live in communism.
Lasvelas you are an idiot and your opinion is not aligned with my interests. Just sell your shares heck il buy them off you if you like. You were desperate for a sale so obviously were prepared to accept any skullduggery from SAG. You do not attempt to slander your takeover target because let's be honest they only did it for the soul reason to manipulate shareholders into selling. Plenty of takeovers happen the world over and have for hundreds of years without this level of public nastiness no question an attempt to manipulate, this has been nasty from the start. I have raised my concerns with the FCA and will let them decide whether everything has been above board, not someone who only first posted here 5 minutes ago and claims to have held only for 12 months. Sell your shares you don't want to be invested here that's clear, let someone who does buy them off you. Turkey voting for Christmas.
If the boot were on the other foot - TPG were successful and SAG had hit rock bottom, but mainly due to the poor performance of the BoD, TPG holders would be saying "well, that's business - take 'em over, and in the interests of TPG shareholders, pay as little as possible to maximise revenue and future returns for us all"
That's they way the market works.
Statements like "whomever is selling to them is no friend of ours" - there has to be sellers and buyers to make a market. Somebody sold shares, somebody bought. Nobody made anyone sell shares, nor buy them. I try not to attach emotion to buyers or seller, they are neither my friends, nor my enemies.
And yes, after many many years, 6.5p is my exit cue.
TPG is now a consultancy - check out the circular - all talk is of consultancy. Not for me
I must have touched a soft spot Scrodingerscat! Cannot wait for what the FCA says to you. Do let us know! And just because I have not been registered here for long is a sign of what? A closed mindset !!!
fatoomch - I am with you on that. There is price for everything (sadly) and holders are selling out little by little. The big holders will vote for a change and that starts with the BoD. Let's just wait for the results.
Lasvelas not at all. Your the one who started banging on about communism, which makes no sense and why you were referred to as an idiot, because there is no capital or equity in communism. I notice it's the same people commenting with the same points on repeat. Yes TPG have under performed but if you need the liquidity that bad just sell now it really is that simple, if EBITDA does hit £6.1M and that equates to a profit in 18 months of around £3M - £4M that equates to a PE ratio that justifies a 2.2X higher market cap but you want to dispose at 6.5p in 12 months. Ludicrous, it's basic use of occams razor the hypothesis with the least amount of assumptions is there an attractive level of value here SAG know it and because of some collective echo chamber mentality or bad actor motivation you continue to promote SAG's approach as the only solution. It really isn't and we will find out on results day whether you've been short sighted or not.
Exactly. In capitalism, the shareholders have a say, and if they vote against, it is what it is. So go and influence the big boys to make sure it happens, if you believe in it. The retail people will have little impact on this.
and be quick, because 26% of them already made up their minds....
Lasvelas exactly??? Like that suddenly makes more sense from what you said haha, you thought you had some killer point but the workers controlling the means of production bears no semblance to anything I have ever said.
I'm not going to be educated on economics by someone who doesn't even know what communism is, thanks you have helped me attribute the value of your posts. I'm not surprised with your position now as there is no nuance for you because clearly you are just dim.
Hi Scrodingerscat
Re: your 07.52 post
My thoughts exactly.
Tpg BoD get my vote for now.
What are your expectations for interim results cat?
Mine are continued deterioration (don't forget, Lindsey only put his superman vest on after the end of the half year)
At some point, the financial cost of the aborted Marine sale will hit the bottom line. Maybe that will be deferred until full year.
A hydrogen contract (no mention of revenue)
A collaboration with Collins Aerospace
An mod contract for £1.1M
Where is the profit going to come from to increase shareholder value?
Scrodingerscat - just keen on typing, I don't care...
Cannacord participated in the SAG placing yesterday, increasing their holding by 1.2m shares which is equal to £5.4m. They now own 15%+ of SAG. Cannacord also own 11.7% of TPG, which equals 91.7m shares.
Which side do you think they'll be voting on?
hmmmmm, let me think.....................................that's a hard one.................................................hmmmmmmmmmmmmmm................I am not sure......................hmmmmmmmmmmmmm............I got it.......no.....................really? ......................wow.............................................are you sure?.............................................................I am not sure..... any idea?
this will just aggravate the commie cat
So it's a done deal then? If all TPG investors voted, and they won't, only 19% of them need to vote in favour of the SAG motion for it to pass and once SAG have the directors on the TGP board, they'll have an EGM to vote for accepting the SAG offer.
I think so too however wont they have to wait 6 months before making the offer again? (Their deadline will run out before the vote) Unless they are granted an extension by the Take Over panel
CanonGuy ref your 14.37 post Lasvelas is as far as I am aware right in his 14.37 post they will not be able to make another bid until around February/March of next year unless there is a material change in circumstances. As an example another party puts in a bid. I note that SAG has said that they would not sell their stake which would prevent another bid as SAG will effectively stop TPG becoming a wholly owned subsidiary of another company.
well, if no extension granted, the Oct 1 vote will go in SAG's favour. More holders may sell to them after this, as they will not want to wait for the 6 months to run out and when we eventually get there it will be a very simply vote
SAG never made a offer, they made a indicative offer.
What makes you think 6.5p will be the offer? My guess is they'll get on board & say" oh it's much worse than we expected".
Read the Frontier takeover RNS's to see their MO.
yes, it was an indicative offer. Arent they only allowed to offer minimum 6.5p, highest price paid by them for TPG's shares during the last 12 months?
obviously I am assuming they will hit 30%+ ownership
If SAG get men on the TPG BoD they will be able to undertake due diligence.
They are not allowed to make an offer below their highest purchase price until at least 12 months after that purchase.