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Just wonder if its worth rejecting, not responding or just saying yes? Not been in this situation before so any advise would be helpful. Thanks
Well the offer is through, hopefully it is rejected but unlikely I guess.
I guess thee is little point in rejecting the offer as no doubt the majority of shares are in the management hands so will approve and we would just lose the extra 0.8 pence a share. Not having been in this situation before I assume there is no way to gauge how many people approve or not.
Its been a while now, I emailed them and they said the month deadline was to attract an alternative offer quickly which i guess did not happen..
Slowly but surely...(hopefully) Been a bit of reshuffling at the top, nothing major. ------------------------- Gordon Smith, chief executive of SDI Group, is taking on the additional role of the UK general manager as part of a reshuffle to consolidate its position in Europe. UK managing director Mike Hilton will take over the role of European sales director. Gordon Smith said: “During this time of unprecedented economic turmoil we have faced a number of challenges side by side with our clients in the retail industry. “Over the past two years we have driven significant changes within our business to strengthen our offerings across Europe.” Within the last year the company has acquired Pep Fordtechnik, set up a new R&D centre and designed and built four automated facilities across Europe.
Saying that there are a lot of buys today.
The trading update today has done it, not great at all unfortunately.
http://www.moneyweek.com/investment-advice/share-tips-gamble-of-the-week-warehouse-group-46511.aspx Gamble of the week for SDIG. On ADVFN it shows the article: http://www.advfn.com/cmn/fbb/thread.php3?id=14798076&from=854 Basically as long as there is no double dip recession they look pretty good for the future.
Hopefully a few contract win announcements will get things going as everything is heading in the right direction.
Date: 30 November 2009 On behalf of: SDI Group plc ('SDI Group' or 'the Group') Embargoed until: 0700hrs SDI Group plc Interim Results for the six months ended 30 September 2009 SDI Group plc (AIM: SDIG.L), which designs, builds and supports integrated materials handling solutions for international retail, wholesale, fulfilment and e-commerce distribution operations, announces its interim results for the six months ended 30 September 2009. Financial highlights * Revenue for the six months ended 30 September 2009* of £23.1m (six months ended 31 May 2008*: £23.0m) This compares to approximately £15.3m revenue related to the retained European operations * Profit before tax of £0.3m (Six months ended 31 May 2008 *: Loss of £2.7m). This compares to a loss of approximately £1.1m in the retained European operations. The improved results of the European operations reflect the streamlining of costs to reflect business requirements and increases in revenue. * Cash and cash equivalents at period end £3.9m* (31 May 2008*: £4.4m) Operational highlights * Revenue increases in both contract and maintenance business * Contract wins with Decathlon, TK Maxx, Jack Wills and Wolverine * Encouraging levels of enquiries * Continuing cost cutting measures across the Group Commenting on the results, Ma
Hope so, guess the Dubai thing bought down shares generally so would be nice to see some movement.
Apparently they are released today, hopefully should be good news as this stock is painful to own!
Sounds like they are continuing to streamline and the amount of interest sounds promising, obviously they are reliant on big capital expenditure by firms so there are not going to be hundreds of orders every month. If nothing else the november updates hopefully will get the price back up again.
Yep still in with these, would have been daft to sell IMHO, looking at the graph they are following a trend of peak,drop and level out until they rise again. As said I think a new report on a new contract win etc will see these spike again. I dont know what the buy limits on these are now as they were capped pretty low last time I bought.
Have high hopes for this today to the extent I was looking at doing a cheeky top up before the results but probably wont be able to in time. Heres hoping people!
Had heart failure earlier as looks like LSE had server issues and the website was off-line. Any way been thinking of topping up today but are we going to see a drop as per the last cycle? Raise for a few days then drop off again.
Just started with shares a few months ago now and got onto UNIQ at 19, topped up at 25 and am considering another top up now. All looks good and all the websites opinion is to buy so I think this is still a good bet for the medium term, especially with heat waves etc coming