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Are you suggesting that there is deadlock/delay due to agreement on price ? Given the offer of 0.52p by that guy , 2.4p is very far. that would triple my profit
Totally agree The last guidance I heard was an aim to get share price to 5p and the last brokers guidance was 2.4p
Taking an indecent amount of time I think. Derisory offer should be immediately rejected
Hopefully rejecting I think the Rns is due in the next few days
Hi Anyone know when are we going to hear whether board is accepting or rejecting the offer ?. Is there a last date ?
Hi. XPS live RNS link for the RNS's. I am not an expert so don't rely on this but.... I believe the 8.5 declarations are from the exempt principal trader. A principal trader is an MM registered to trade the stock (to whom we buy and sell our shares). The buy and sells are the number of shares they traded and the prices (presumably during the offer period up to now). If the number of shares bought is greater than those sold it means the MM still has a long position (ideally for them the share numbers would be equal). The difference in buy sell price is the MM/trader profit. I gather because they are a trader they are exempt from the rules regarding the takeover i.e, they are not eligible to get the offer price for any shares they still have in the course of trading. The last RNS is a declaration from the directors of their positions on the stock, I guess this is necessary according to the rules so that everyone can see how any recommendation they make affects them. Anyone know for sure or have different ideas?
Looks like a simple deceleration of the board members holdings and future options.
Hi Where is that RNS . Can you share please? Also I am new to this investing thing . what does this form 8 RNS . @buys @x, and then same time sell@x ???
Really, what does it say?
I see a new RNS is out regarding the directors.
I think most people agree 2p is almost fair value. 2.5 would be better. Interesting that the FT lists Barclays and others as shareholders. There is all kinds of weird information around.
Yeah, quiet on the posting front thats for sure, waiting for the RNS to come out re should we accept or not. It will be a no, I am sure of that. Increased offer of 1p and we can move forward.
Not a single post for whole day.. it seems that everyone is getting ready for worse (0.52 ??)
Interesting but not sure it tells us much that we dont know already. I guess the RNS due this week from XPS Board will set the tone, re what they advise on the back of the Peter Jones offer 0.525.
Or keep throwing money down the drain on 2.2m exceptionals, drive the SP down and pick the company up even cheaper once every share holder has had a gut full of the incompetence.
Thank you all, that makes a bit easer to decide when to sell.
Totally agree mate
A disclosure of shareholding must be made when: On holding, or ceasing to hold, 3% of a UK target's voting rights and on reaching, exceeding or falling below each 1% increment above that 3%; and during an offer period, following any dealing in relevant securities of a party to the offer (other than a cash bidder) by a bidder, target company and their concert parties. So if PJ buys more increasing his holding by 1% it must be declared and he has to make a new offer again at the highest purchase in the last 12 months. That implies that if he buys more now the offer for all remaining shares increases. If he really intends to build to 75% in the near future, I would imagine the SP will rise as he buys and we will get increasing offers. I suspect, however that PJ will just sit on his existing holding and see how the company performs and where the SP goes from here. If it falls back to 0.525p I expect he will add. For existing PI shareholders, what we need is this company to start realizing profits from its contracts and stop throwing away cash!
He is only 51% right now, he has to buy another 24% yet which is not easy. If he buys that on the open market it will drive the price higher IMO.
what then, can he shaft PIs and offer 0.46 or 0.52 for the remaining 25%?
Ok that's good so he,s still at 51% , still a bit to go till 75% required Thanks guy,s
Yeah that's the one!
I thought the PJ/L&G transaction was covered/declared in the RNS 7679X on Wed, 15th Jan 2014 17:08
I got an Rns about his buy from legal and general but not sure how things will shape up for us all I guess shares will go up next week as expected increased offer coming along!