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Been in since 2009 got 2k at 7p can't make my mind up sell or hold, I no I should of sold a long time ago but didn't. Do I sell or hold and if I hold will I end up owing money to pj? As I do not really understand all aspects of the offer. Any advice would be nice cheers Harry
me too... sold all stock for just £5 pound profit ok Good luck to all.. never gonna come back to XPS
Am out of here, decided to cut my losses and see if I can recoup on one of my other shares. Good luck to all who have been in this share for the long-haul. It's been a disappointment for so long; I hope you turn the corner soon.
Before making any decision please take into consideration all relevant factors of the event including the current share price and any possible tax implications. If you require any further information in making your decision please contact an appropriate professional advisor. Should you choose not to accept the Offer at this time, we will contact you again if the Offer is extended, the terms of the Offer change, the stock is compulsorily acquired or if we are notified that the Offer is closing. Please note that acceptance to this Offer will only be applied to your holding at the time we process your instruction. Please note that should you elect to accept the Offer, your shares will be removed from your account and will not be available for you to sell once your instruction has been accepted. Should you wish to find more information about the Offer, please visit the Expansys website, www.expansys.com/.
You Have The Following Option: 1 Accept the Offer on your holding of 965078 EXPANSYS PLC ORD GBP0.0025 shares. We will process your instruction on or after 28 February 2014 and your election will be applied to your holding at this time. If you elect to accept the Offer, your shares will not be available for you to sell, or to accept any other Offer unless this Offer lapses. Please note that if you accept the Offer and proceed to sell your shares, you may be liable to buy back costs. Important Information & Other Key Dates: On 12th February 2014, Expansys announced that it had entered an agreement with PDJ to acquire its entire issued and to be issued share capital. The Offer values the whole of the issued share capital of Expansys at approximately GBP7.2 million. The Offer represents a premium of approximately 33 percent to the Closing Mid-Market Price of 0.465 pence per Expansys share on 14th January 2014, this being the last Business Day prior to the commencement of the Offer period. PDJ holds or has received irrevocable undertakings to accept the Offer in respect of 638,934,559 Expansys shares representing approximately 54.99 percent of the existing issued share capital of the Company. The Independent Directors of Expansys having been so advised by N Plus 1 Singer consider the terms of the Offer to be fair and reasonable and therefore unanimously recommend that Expansys shareholders accept the Offer. Assuming the Offer becomes or is declared in all respects and subject to any applicable requirements of the Alternative Investment Market (AIM) Rules, PDJ intends to procure the making of an application by Expansys to the London Stock Exchange (LSE) for the cancellation of trading of Expansys shares on AIM. The Cancellation is expected to take effect no earlier than twenty business days after the Offer becomes or is declared unconditional. If PDJ receives acceptances under the Offer in respect of, and/or otherwise acquires 90 percent or more of the Expansys shares and assuming that all of the other conditions of the Offer have been satisfied or waived, PDJ intends to exercise its rights pursuant to the provisions of Chapter 3, Part 28 of the Companies Act 2006 to acquire compulsorily the remaining Expansys shares on the same terms as the Offer. Please be aware that should you choose to accept the Offer, your entitlement will not be released until the Offer has been declared unconditional in all respects, as stipulated in the Takeover Code. Once the Offer has been declared unconditional in all respects, payment is expected to be made around ten working days following the date of such announcement. You can monitor the progress of the Offer's acceptances through any regulatory news provider. However, we will notify you once your entitlement has been credited to your account. If you wish to accept the Offer, please do so as soon as possible as the Offer may not be extended.
Analysts, as a group, have a tendency to talk up shares a lot more than they talk them down. This is because the market only works if people want to buy shares. Research shows that analysts are consistently over-optimistic when it comes to individual shares and therefore can be safely assumed to be sh** at forecasting. House brokers are much worse as they paid to talk up a company's prospects. That's why the last review was so positive. Never, ever trust the house broker. They deliberately choose to talk up the positives/possibilities and play down or ignore the negatives. I ignored the last review, and went with my own beliefs (1.5p-2p). At least I screwed myself over, I guess.
I don't understand how the last broker review was positive and now this!
Maybe my foolish thought from the other day wasn't so foolish. At least MedDeb don't think so. If TM do the same PJ will not get the 22%.
Thanks to all recent posts re MedDeb etc. I am sitting tight and letting this play out. I have to say I don't have the large amounts others have put in here put still stand to lose a few thousand if I get stuck with illiquid shares, but I am prepared to take that risk. If enough shareholders hold tight and MedDeb are buying PJ will struggle to get the 22% from the offer alone.
Two things: While I put in a sell order for Share account and SIPP, only the share account went through (my error) - so I am still in in my SIPP. As MD have bought more, and the amount as a % of my SIPP is tiny, I will let this play out for fun until the end. Apologies for unintentionally misleading anyone. Secondly, why did I sell (or try, in the case of the SIPP)? Because the offer is 0.62 and I was offered 0.61, which for the size of my holding represented only a few £ difference and because I could put the money to better use elsewhere rather than complete a form and have cash tied up waiting for the PJ offer to succeed and have my shares converted to cash. Too much hassle. But now MD seem to be playing a game, I will wait to see how my SIPP shares play out.
Its a shame these RNS's are not effecting the share price and pushing it up, because if these companies keep buying and we keep holding then he will have to improve his offer.
We seem to have another company purchasing, maybe not the biggest buys going but as long as they are heading away from PJ that makes me happier. http://uk.advfn.com/news/UKREG/2014/article/61067584
Looks like were going to have a fight on our hands, well done that Medical Debenture
Sorry they bought 12m more shares not 104m.
RNS on iii says Medical Debenture have bought 104m more shares.
Could the buys from last night have been Medical Debenture ?
http://uk.advfn.com/news/UKREG/2014/article/61066085 Is this latest RNS suggesting that MedDeb have bought more shares today/yesterday
Two things I don't understand. 1) Why are people selling to the market for less than 0.62p when they can fill in the acceptance form and take PJ's offer of 0.62p. 2) Why are people (or maybe one person) buying these above or on the offer price when the chances are they will have to sell all back at 0.62p or get stuck with illiquid shares?
Important question if this company delists and returns to market in lets say 2 years at say 10p I will still be a shareholder and then be able to sell as normal ? All big ifs and buts but is that statement true ?
When Mr Jones takes over and he will, just remember there will be no market or liquidity for your remaining shares . Your percentage of the company will remain the same and you will be entitled to see accounts/results etc. You can also sell share in the company if you can find a willing buyer. If you need to cash in your shares it will be difficult to find a buyer.Can be risky holding these share.Good luck to all "I'm out"
Maybe, but if I was thinking about putting 13 grand into a company I would at least read the last few RNS's
They're probably buyers that don't know about the offer....
I think a lot depends on what MedDeb and TM do. Being cynical I suspect that somehow PJ will know they are going to sell. In a hopeful mood I contemplate that they hold tight or add then that would make it so that a lot of individual shareholders would have to sell and that makes it not so easy for PJ to get the 22% he needs by the end of the offer date, 5th March I think.
And another 2.5m at 0.65p before the close. Why buy at 0.65p when you are most likely going to be forced to sell at 0.62p? Unless they are really sells, but how did they get 0.65p? Strange.
I'm with you, I will hold out for as long as possible and hope that MedDeb and TM do the same, surely they must have paid more than .62 for there shares and they wont want to give them away that easily. One of the reasons I bought in to this company 2 1/2 years ago was because of Peter Jones, now he is just giving us all a right royal shafting, morally he is definitely not a nice man.