The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS 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.
Account has this paying out today .
Did not look at acc yesterday , payout is more then available to invest so maybe lucky timing .
Looks like I made 42% in cash terms , investment still in of yesterday 2053 against 2913 paid out .
Took a sale profit 14/11/2019 , leaving just 66% of investment in .
Last buy 8/4/22 given a few free ones 11/6/2020.
So only 16 month tie up of funds.
The last paragraph of my previous message was truncated when I clicked post message. It read as follows:
When shares can be taken from the holder and the holder is effectively powerless to do anything about it, is it any wonder that private investor holders now own considerably fewer shares than they used to?
Rant over.
Following on from KAPE and Metal Tiger, I have just received the following from Barclays Smart Investor
"FOR INFORMATION ONLY
Scheme of Arrangement Notification
Xpediator PLC has announced a Scheme of Arrangement, subject to shareholder approval at the company AGM on 7 June 2023
It is intended that the London Stock Exchange will be requested to cancel trading in Xpediator Shares on AIM shortly after the effective date for the scheme.
Proposed Terms
The proposed terms of the Scheme of Arrangement are:
44 pence in cash for each Xpediator Share. (DEFAULT) Comprised of 42 pence per share and a special dividend of 2 pence
OR
A Loan Note Alternative
What this means for you
Your Smart Investor accounts won’t be able to support the Loan Note Alternative as these are not listed on a UK stock exchange. We will accept the cash option on your behalf.
You can sell your holding of Xpediator shares at any point before cancellation from AIM. The last day of dealings in Xpediator Shares is expected to be the Business Day immediately prior to the Effective Date.
If you decide to sell your holding you will need to follow the normal online dealing process. Online transaction fees will apply. Alternatively, you can sell by calling us on 0800 279 3667 or if calling from outside the UK +44 141 352 3919. Telephone transaction fees will apply. Please note this action may impact your eligibility for future dividends or any special dividend the company may pay.
It is your responsibility to ensure you are aware of any tax implications. Please seek independent tax advice if you are unsure.
Further details on the Scheme of Arrangement can be found on Xpediator’s website https://xpediator.com/offer-for-xpediator-plc/
Important information
We will aim to update your account within five business days of receiving the proceeds. Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.
By Accepting the offer, you will be representing to us the local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and another consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.
The cash must be available in the relevant Investment Account, ISA or SIPP to take up any voluntary corporate actions. If you have an Investment Account, you may need to transfer cash from your Investment Saver or add funds using your debit card before you can take up a voluntary corporate action.
Please note that this does not constitute advice. If you are unsure of what option to take please contact your financial advisor."
When shares can be taken from the holder and the holder is effectively powerless to do anything about it, is it any wonder that private investor hold
Well, I am going to risk displaying my ignorance here - can anyone explain to me in simple terms what option 1 -GBP 1.00 new nominal loan note means??
Exchange or tender offer of XPEDIATOR (ISIN GB00BF6P5V92)Dear client,The DLM BIDCO LIMITED offers the shareholders of the above-mentioned company an exchange or tender offer at the following conditions:•
Option 1: Exchange• Ratio: 1 previous share : GBP 1.00 new Nominal Note• Exchange in: Loan Notes (ISIN not yet known)• Period: not yet knownThe exchange offer is subjected to pro ration. If more shares are registered to the exchange than shares are provided from the company, the rest will paid in cash.•
Option 2: Cash• Price: GBP 0.42 per share• + Special Dividend of GBP 0.02• Period: not yet known
I received a secure message via HL
Received a secure message via Hargreaves Lansdown to vote online
Re the annoncement on 4 May 2023. It reads as follows:
"Hard copies of the Scheme Document and Forms of Proxy for the Court Meeting and General Meeting
are being posted to Xpediator Shareholders and, for information only, to holders of options or awards
under the Xpediator Share Plans."
Has anyone heard or received anything yet? I have not got anything via Smart Investor. My intention is to reject the offer and I wish to make sure that I do not miss the chance to vote.
Thanks
HI ! on the investing site there was the 2022 balance sheet release date which dates back to 2 weeks ago...I don't see this publication
Let's just hang onto our shares then.
daneth > agree 100 % spot-on short & sweet sorry
the clues are all there in this "news" headline
I could with support buy this company show much more profit as it stands right now. Pay proper divis and if wanted sell for at least a nicker
What a load of crap reffering to the stock price from a year and more ago!!!! they are taking us for fools
· Under the terms of the Offer, each Scheme Shareholder will be entitled to receive 44 pence for each Scheme Share held (the "Cash Value"), comprising for each Scheme Share:
42 pence in cash (the "Cash Offer")
and
a special dividend of 2 pence (the "Special Dividend")
· The Cash Value of 44 pence for each Scheme Share values the entire issued and to be issued ordinary share capital of Xpediator at approximately £62,342,907, and represents a premium of approximately:
- 45.5 per cent. to the Closing Price of 30.3 pence per Xpediator Share on 19 December 2022 (being the last Business Day before the date of the commencement of the Offer Period);
- 18.9 per cent. to the Closing Price of 37.0 pence per Xpediator Share on 5 April 2023 (being the last Business Day before the date of this Announcement); and
- 79.7 per cent. to the volume weighted average Closing Price of 24.5 pence per Xpediator Share for the three-month period ended 19 December 2022.
I have been a shareholder of this lot for 5 years. I have also written several times to ask why over 80% of their revenue is booked as cost of sales and minute margins declared thereby cheating us with miniscule dividends. Ex directors trying to buy. Why is this company that piles on year after year increased revenue and has reached 70p over the past 5 years beig stlen from us a for a poxy 44p. I will be asking the useless FSA to loo into this lot (they wont) so if you are angry at this theft let form a group. This should be minimum 60p and probably loser to £1.
Bent bent bet deal. BTW my avg is 35p so I wont lose but didnt buy at initially 50p in a company that has grown year on year for 7 years to open their legs for 44P!!!
Do we know the voting date?
I will reject.
Losing big time here
I certainly won't be accepting that
53.8% are currently in favour of the offer, if I read the document correctly. I do not see that the rest of us need to accept the offer based on that, as we would still be a very sizeable minority.
Disappointing, and not in the best interests of many shareholders.
We'll just have to take the money and go away I suppose.
Wow the directors actually recommended a 44p takeover proposal? That is shocking considering the performance of the company…
How can this just go on and on?
Another extension!
JamesAB - Yes time is of the essence without it the current predator may succeed which may not necessarily be in the investor's favour having said that this window of opportunity for others to engage is perhaps our best hope at this stage.
Deadline extended yet again to 14th March!!!
JamesAB - Agree if XPD are letting themselves up for sale at least inviting the freight forwarding community in and participating in the bidding discussions with companies like DSV in Denmark might be an obvious initial invitee to level out the bidding. Can someone who knows the brokers for XPD, please engage in order for us SHAREHOLDERS at least get a BETTER/fair deal THAN WHAT HAS BEEN LABELLED SOFAR?
Would be nice if somebody else in the industry put in a competing bid which properly valued the company and its sound prospects.
Agreed Stuart.
Debt reduced, revenue and profit improving, dividend sound. What's not to like.
Management seem to have got a hold on the situation and are looking forward with some confidence.
Any offer below 50p wouldn't be welcome or reasonable surely.
Exciting update! The trucks are performing at the top level and the management is carefully controlling expenses. Their future looks bright with a well-thought-out plan and the upcoming expansion of the warehouse in Holland. If the offer is not declined, it's likely that they are working too closely with the former creator and majority shareholder. IMOO GLA