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Yeah, the trading pattern on here and hotel chocolat are are same.
Also I would expect that Phil is looking to retire and get a big payoff to gift to the family before inheritance tax affects it.
And also expect that Lion Trust will support the takeover as they will want a profit on their holding considering the year they have had.
Have a look at the shares traded in Hotel Chocolat it has very similar patterns to here, obviously could be just institutions changing shares but you never know.
Hmmmm.
Hotel Chocolat acquired by Mars for £3.75 vs £1.39 close last night. That suggests to me that TUNE could very well be in play, given the ridiculous discount to its historic valuation.
Also agree on trading conditions improving, an ahead of expectations update would be no surprise given the timing of product launches etc.
Ps. The Dec 2017 volume was due to a secondary placing, not on market trading.
Doubled my holding here this week - have been looking at metrics from a few sources and really looks like interest has picked up the since last earnings - I am expecting a decent boost in sales in Novation and Focusright brands.
To give some context to the numbers, and why a takeover of Focusrite for £1b is reasonable =
BandLab Technologies raised USD $25 million in its Series B1 financing round, valuing the company at $425 million.
Avid was acquired by STG for $1.4 Billion in September 2023
Francisco Partners owns Native Instruments and tried to buy Avid in August 2023 for $1.2 billion, but was beaten by STG
Focusrite now has 8 leading music tech brands within its portfolio.
It seems realistic that Francisco Partners will put in an offer to buy Focusrite to wrap Focusrite into their group with Native Instruments.
Focusrite Takeovers since 2019 =
Martin Audio = £40m
Sonnox = £9m
Adam Audio = €18m
Sequential = £18m
Linea Research Holdings = £12.6m
Oberheim = £4.5M
This is together with the Focusrite product lines and the Novation product lines.
Total for everything: Whole brand portfolio, market reach, customer base, set up sales channels = £1billion
Focusrite Takeovers since 2019 =
Martin Audio = £40m
Sonnox = £9m
Adam Audio = €18m
Sequential = £18m
Linea Research Holdings = £12.6m
Oberheim = £4.5M
This is together with the Focusrite product lines and the Novation product lines.
Total for everything:
Whole brand portfolio, market reach, customer base, set up sales channels = £800m to £1billion.
It does appear to be true, if you go to the historic data on yahoo, there were 13m shares traded on 1st Dec 2017
Date Open High Low Close* Adj. close** Volume
01 Dec 2017 315.00 334.95 315.00 332.50 319.94 13,091,042
link to show this:
https://uk.finance.yahoo.com/quote/TUNE.L/history?period1=1512086400&period2=1512172800&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true
HorisM, you don't have post some rubbish.
1. There has never been a day with >6m shares traded, on 1/12/17 only 13k shares changed hands...
2. The pairs of trades are buys and sells, one institutional investor buying from another. One sold 2.9m and the other bought 2.9m. It's a big event and it'll be interesting to see who the buyer is, but they've only got 5.5% of the company.
3. I presume you've flat out made up the rumour on Harman / Francisco Partners & Symphony? Posting misleading / false info is against LSE rules for obvious reasons. If not, what's your source?
6 million shares traded today.
The last time a day of trading happened that was bigger was 01/12/2017 with 13m share traded.
The next largest trading day was 2m in Nov 2016.
Something very big is happening!
Very realistic, Samsung and Harman will see that £1b spent could give them £6b back in a few years.
Focusrite has little debt, and own multiple brands and product lines.
Samsung’s First M&A, Harman, Achieves 15-fold Growth in Six Years.
Samsung Chairman Lee Jae-yong ambitiously invested 9 trillion won (approximately US$8 billion at the time) in the company Harman, and after a span of about six years Harman has now firmly established itself as a robust and integral part of Samsung Electronics’ business portfolio.
In Samsung Electronics’ performance for the second quarter, Harman’s revenue stood at 3.5 trillion won (US$2.7 billion), while its operating profit amounted to 250 billion won.
Source: https://www.businesskorea.co.kr/news/articleView.html?idxno=119528
Are you dreaming?
Not a chance in todays market.
Phil is 74 and i imagine looking to sell out now to retire.
so if he sells now for circa £1b, that gives him a very nice retirement package after capital gains, and makes sure his family are generational take care of.
That takes use to 1600 a share......
If true not surprised, expecting a TR1 tomorrow.
And enquires from:
Symphony Technology Group
Francisco Partners
Philip Dudderidge Share holding.
Number of Shares: 19,266,000
% of Issued Share Capital: 32.84%
Phil only needs 2 of the other large holders to agree to a sell to push this through:
Canaccord Genuity Wealth Mgt (London)
Charles Stanley (London)
Liontrust Asset Mgt (London)
Also its the history of the Chairman & Founder, Phil Dudderidge, looks like he is on for the double:
"He set up RSD Systems Ltd ..... This evolved into Soundcraft Electronics Ltd, a company specialising in live and studio mixing consoles, which was sold to Harman International Inc in 1988"
;)
We’re did you hear that? wouldn’t be surprised though with the products / companies Focusrite own.
They recently acquired FLUX Software Engineering, and apparently Focusrite is of consideration
Constant buying pressure currently and very large trades, news coming.
Small fry compared to the next set of buy & sell pairs that showed up... £22m in total plus the £4m from this morning!
Delayed buys/sells of £24 million just come through.
TR1 soon.
Priced moved up a touch and still buying, could see a breakout if pressure continues.
Showing as buys on yahoo finance.
Was they buys or sells? Buying around that time was £4.57 ish and sells around 4.50 ish.
So was the mid price either way somebody is mopping them up.