Member Info for adeg1

Or that BHP up their offer. The risk is they end up overpaying in a bidding war.

Dividend remains flat, so does the shareprice. While over at Aviva, dividend increases, so does the share price.

I'm of the same opinion. If you assume that EBITDA remains static at £3.2 million per year then this is valued at less than 4 times EBITDA. Cash would all be absorbed by the loan repayments and interest, so no dividends, but if they succeed with any figures above this level the rerating could be 5x plus from here, or it could be zero.

This is a gamble and unfortunatly my punt money is tied up at the moment, else I would be tempted again.

So the bank is happy and must have agreed a plan to ensure that the loan payments can be maintained over the next 2 years. There also appears to be some more good news to announce on the Convex side of things but not quite there yet.

I wish AJ Bell had stopped me buying some more yesterday. Anyway comfortable I have topped up at a good price and in for the long term.

As its another month since the last notice are LRB required to issue an update statement tomorrow morning?

Close them all and sell them, liquidate the company and we all get £1 per share.

This will not recover unless LRB make an offer, If they have any intention of that then they need to start buying in the market. I was expecting/hoping that there would be an RNS from LRB this morning as if I was in TNT I would not have confirmed the delist until LRB had confirmed what they were doing.

If you believe the message how low does this have to go before you are tempted to make another purchase? If it gets to 20p I'd be tempted to buy some more.

If they were loading up themselves they would have to declare the purchases in an RNS as they are still under the offer rules.

There is risk this may not happen hence the reduced price. If you are certain that the offer will come then you should be buying more, remotgage your house, tell your friends to purchase, buy buy buy....

The fact this hasn't happened tells me that it's not yet a done deal and there is still some significant uncertainty.

I am hoping it will have been a topic of discussion at todays AGM and we could see something today.

What does it need to do? It needs to up the dividend from 56.5p.

If EPS is increasing then why is the divided not increasing at the same rate?

The dividend pay out ratio is set at between 40% & 60% and un adjusted EPS for 3 months is 113p plus assume another 36p for Q4. The annual dividend should be between 59.6p and 89.4p.

So by the end of the week we will also have an update on the potential purchase. I'm hoping that they gave themselves an internal deadline of the 31st October rather than the 5th and that we might see an RNS that covers both of these items tomorrow or Wednesday.

I think the market is 50:50. If an offer is made we get £1.50, if there is no offer we could be as low as 30p. If I'm honest I think they will apply for an extension, either way we will know something by 5pm tomorrow.

If the person is serious about the 150p offer they should be buying in the market now to build their stake at a lower price to what they are offering. My understanding is they can build upto a 30% stake before having to make an official offer.

If only they had commincated with each other, they could have saved £4k on the transaction.

I agree that it is highly unlikely they will publish their accounts and relist. They will keep the information out of the public domain and remain suspended. However, can the takeover transaction happen if the shares are suspended?

The deadline of the 5th October is approaching, do we think there will be a formal offer before the end of the month? Just want to get it done now and move on.

You can't hold an unlisted share in an ISA so anyone who has invested in this way will hvae to accept the offer and cashout.

I would like to see them relist and the share price return to the £1.50 offer level, then I can cashout now and move on.

5.8% is not good. I can get a 2 year fixed rate bond from the bank at 5.5%-6% risk free. Why should I take a risk on AV when the share price could move up or down. Dividends need to be in the 7%-8% to give us a 2%-3% margin to reward the risk.

Now they need to announce a £30bn buy back programme over the next 5 years. £2bn has no significant impact on the share price, if it is so undervalued by the market that they think buy backs are the correct method of distributing funds to shareholders they should go for it and reduce the number of shares by 50% over the long term.