Member Info for 50glass

oh dear! I�m not giving up my Oxford comma for anybody. Please search �Oxford comma� for literacy guidance. Seriously, I�ve posted here before that I felt our FD is out of his depth. However, I accept that the responses to the shorters reports have been spot-on. Now if only 999 other investors would take my line and significantly top up their holdings, the shorters would be exposed.

You are free to sell unless you pledge your shares to Melrose. Personally, I'm not responding to any request to make a decision as there may be a higher bid, late in the day, from another party. If I refuse to sell and then the sale goes ahead the chances are my shares will be compulsory purchased so I've lost nothing by not making a decision. Of course if the Melrose bid lapses, ifs they are unable to secure a majority of GKN shares, then the GKN sp will probably fall. The real fun starts if Melrose up their bid, in rersponse to a bid from another party.

If the Rights Issue is for �700m (up to stated in the RNS) then with c. 670m shares in issue, assuming a 1:1 plus underwriters fees, the price to purchase a new share will be about 108p. Get your cash ready!

Rights: 1 at 563p + 4 at 157p = 5 at 238p.

Whilst it is an interesting report, the publication of it undermines its value. Why? Because a shorter believes that there position, just like that of a shareholder, is the truth and therefore they will be proved right eventually. Publishing a report smacks of trying to hasten the share price fall, thereby encouraging the release of shorting profits. If you genuinely believe that you have knowledge which the wider market doesn't possess, then I suggest you build as sizeable position so that you gain the maximum utility, rather than shout it from the roof-tops and share your potential profit with others. By the way, the reason I take a cautious view of the report - which does contain interesting information - is that, to me, it is light on the value of IPs and the positive changes made to IQE's governance in recent years. As always, time will tell.

The Onex and Brookfield cash bid was, according to the FT, c. 300p per share. Clearly the prospective bidders saw appreciable value above that level. It is now up to the IWG Board to deliver. Perhaps my valuation of 400p per share, posted previously on this board, is not so daft after all.

Excellent news. I was concerned that we would be sold at a price below our prospects. Well done the Board who have sen off the predator; now shareholders. Can look forward to enjoying the future growth of our business.

As a former Unitary Councillor cabinet member, I can assure you that the criteria for awarding contracts is far more sophisticated that the 'lowest price wins'. Depending on the nature of the contract It can include features such as extent of match to tender requirements, service delivery, quality and experience and commitment to staff training and development. Years ago, it may have been true that national and local government were a 'soft touch' as regards out-sourcing. Increasingly the use of skilled out-sourcing negiotators has levelled the playing field.

As a member of the 'Buy and Hold' fraternity, I enjoy watching all the excitment in the certain knowledge that I'll take absolutely no action with my IQE shares. As the old adage goes: It's time in the market, not timing the market, that delivers the results.

Clearly issuing the trading update late in the day, on the assumption that no one would notice how awful it is, didn't work.

The board have rejected the bid. Shareholders have yet to be asked

Whilst the FT is reporting that a Brookfield/Onex bid of 280p has been rejected by the IWG board. Looks like an interesting few days coming.

Today�s London Evening Standard report media (speculation?) of Brookfield/Onex coming in at 300p per share, with Oeel Hunt suggesting 320/340p is fairer value. All-in-all I�m inclined to hang on in here.

Seems the market is very nervous presently; any result which is below expectations produces a substantial sp fall. I regard it, in Moss's case, as an over-reaction. Are UK males going to, permanently, buy fewer suits? Bearing in mind the cash position, the dividend looks safe.

Yes you would. Today's notice of results states the relevant date.

Having read the entire interim results document, I remain comfortable with my personal sp target of �28. The key themes, one or more of which may have spooked the market are: Operating profit is, relatively, modest however only includes 2 months figures for HPE; Debt has increased yet is in line with expectations; The loss of a sales team in USA has harmed short-term revenue; The focus is on integrating HPE; revenue growth and rising margins are objectives; This is, or rather will be, an 18 month period - one more interim dividend and a final dividend to follow; Cash generation looks good and is targetted at 90%+ cash conversion. The wheels have not come off MCRO's wagon. Rather it is absorbing its largest acquisition to date and will likely crank up the aggregate margin in the next two/three years and remain the cash generation machine which attracted me to it several years ago. Like others, I've taken the opportunity today to top-up my holding, at what I feel is a bargain price. . i.

I'm feeling smug as I posted the following here in June this year: ".....should lay to rest the idea of Mr Dixon taking the company private. So whilst I stay with my 400p sp target, I suspect that, given the current low level of debt on the balance sheet, that the company will be on the radar of several potential purchasers."

The prospective purchasers comprise a manager of property assets and a private equity firm, who appear to have a sizeable position in raising funding. Therefore, the scenario may be to take IWG private and load it with debt. A quick calculation suggests that the current IWG performance could easily support debt of £2.5/3bn. So you make a cash offer and then recover most of your outlay through the payment of a special divident, funded by the debt market. Let's hope the market sees through this - IWG could raise the debt itself for the benefit of its shareholders - or at least leads to another prospective buyer appearing on the scene. Any sale below 350p is too low.

https://www.ft.com/content/2e670bea-e82a-11e7-bd17-521324c81e23

London Evening Standard has it spot on: “Troubled satellite firm looking for a relaunch as hedge fund takes control”