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Apollo are working with CZR now to pick up the non-US operations. They're not interested n the whole company anymore given the CZR poison pill.
That said, their original deadline passed and the new one is this Friday if I recall correctly
Can someone remind me the last day that apollo can bid and the date of the vote. To many RNSs to go through
Thanks
When is the expected pay out date? I think ready two weeks after the effective date, but can’t recall when that is...
Looks like Apollo interest has been diverted elsewhere...
On Tuesday, Sazka announced that funds managed by affiliates of Apollo Global Management had agreed to invest €500m in Sazka Entertainment AG, a new subsidiary of Sazka’s majority owner Karel Komárek’s KKCG Group. The parties said the bulk of Apollo’s €500m investment will go toward acquisition and growth opportunities in Europe and North America.
Good to see your still in, it’s going to be an interesting couple of weeks either way! Surprised that Apollo haven’t pulled out. Why leave it to the 11th hour to declare that it will not be putting an offer forward.
Common sense have you got any Cineworld shares??
Not sold a bean, if the deal is none, the share price will remain at 272 untill we are paid out, check out Hastings that are at that stage, btw, Hastings refused the first offer and the bid was increased, but then the board throw out the first offer. I am happy to hold long term if a second offer doesn't come through if the bid is rejected.
So you are saying that the major shareholders have sold a majority of their shares already, and who has hoovered all these shares up if that is the case? Caesars? Why has there not been any RNS’s in that case informing us?
Some funds may indeed vote no, but not on the basis "they'd have sold already" as they're not allowed to do that. They can't just exit an index position and screw up the tracking errors, objective etc.
I work in the industry and I'm telling you the way they're constrained is a real pain for them and leads to illogical decisions (by our standards).
hi everyone first time here , I've voted no now as its the only choice but I do agree I think wmh is worth more especially as they have a foothold in the states , thats a huge market potential there on its own imo GLA
The vote is not supposed to b revealed untill the day , but saying that it would not surprise me if wmh Knows how it is going , and Iv said over and over money talks so not looking good for the board
I will also be amazed if it gets thro @ 2.72 is that not why its dropping slightly because it looks as it is going that way with the votes in so far.. because when confirmed the price will drop will only go up if a higher bid comes in?
You are iam sure
So if this deal gets voted through the price will drop to £2.60 mark then slowly rise to £2,72 when we receive payment. Come on are the funds going to tie up their monies for 8 months or take a reduced share price? NO. This company has risen in value in my eyes even since the offer was made. We all know how hard it is to get it right and make good calls choosing the right shares, same goes for funds. They’ve even been paying above the offer price. Everything in my eyes tells me this will not be approved. Hope I’m right!
Iv bought Cineworld shares 5000 at 24.5 and wanted some more at 45 , it took me an hour , when they gave me the deal price it was 60 , so I bought 3000 , I told them I was on the phone for an hour and it wasn’t good enough they said they would do something for me as compensation, I don’t know what yet they are going to email me , still up but ****ed off it closed at 48 ,
Morbox I know what you mean and I thought about this last night if deal rejected then it will fall but looking at 888 I think we would b about the same as them , but with the American market,so not as bad as we may think? Within 2 years 272 will b well behind us ,
Iangibbins, this site and bloody HL today, did you keep having problems with HL live prices?
And looks like a lot of the old posters have sold (no problem with that, profit is profit but only when in the bank!). This is Interesting from a psychology point of view, lower than the offer price does make me twitch a bit, but still in.
Commmonsense any chance of that 10/1 , think about it , from the people left apart from the very top men who are getting bonuses and new jobs , who else would vote this thro ,
So true jet , anybody voting now will be no deal, like I said they would have sold by now if they was happy with 272 , and even if they was to stay in to get more they would still have to vote no , plz tell me why any body left in will vote yes
Have to disagree, like Caesars have plotted in order to get Hills at an undervalued price for their shareholders , the funds invested here have a duty to serve their shareholders. Don’t tell me that conversations are not taking place between these funds and the board. I’ve said it before they will not vote for a deal which undervalues their investment and rightfully so. If you look at the American football results many of the underdogs are winning, under this agreement all profits made now will benefit Caesars. I will be gobsmacked if this deal goes through.
The funds have to keep holding to minimise tracking errors and achieve their objectives.
Very few funds are managed on an absolute basis so that line of thinking isn't applicable to most funds. In fact the opposite is true which means managers aren't allowed to deviate from the benchmark too much, meaning they can only hold for a example a maximum 3% underweight position.
This deal will go through at 272 but tbh there's so little time until the vote now anyway we'd be as well holding to see what happens.
After all, even 10/1 shots sometimes come up...
The main reasons I can’t see this going through at 272 is , if you held shares and you were happy to vote yes to the 272 offer then the way the shares have been, Risen to up to 284 after offer was made then you would have sold at any prices above 272 , so for that reason a large amount of those share holders would have sold , that means no shares no vote , even the large investors would have sold , so that leaves the no deal voters simple maths it can’t go through??
Sorry my post not clear I was in a rush this morning, ceasars may not b able to raise the offer by enough to get the deal over the line , so if Offer rejected and I think it will b , then that’s why the offer is below 272 ,
Bit of a rise