Member Info for Arbitrader75

Hedin, PAG do not intend to make offer for Pendragon.

Latest headline from Bloomberg just now

Lithia improves cash portion, implied deal value now 35,4p

If you look at their revenue vs mcap ratio you can clearly see that at these offers it's a steal for them and they could go much much higher

Clearly a bid 35p is needed by however really wants to buy it

Clearly Hedin wants it and they want it now.

This is playing out perfectly.

Hedin just bid 32p!

Things looking up now, company says it will consider

Yep, pay up Anders!

28p is last years price, now come with a reasonable upsizing to get it done.

Since the Pinewood part will remain listed, the market itself will tell us how much it's worth.

They would have to do some marketing to let people know it is now a Saas company (who just scored a new customer/contract) and no longer a car company.

They won't happy with it, that's for sure.

I on the other hand like that this forces their hand now, put up a bid or lose the crown jewels to a competitor!

Hedin doesn't want nor need the Saas part, so pull your finger out Anders and show us the money.

Dividend payments would be a bit premature indeed, first get rid of the overhang from the case.

Secondly, if Hedin does not pull the trigger they should look to expand themselves imo.

Eat or be eaten.

I just reread the annual statement and saw this:

"The triennial valuation of the company’s pension scheme as at 31 December 2021 was completed during 2022. The valuation

concluded that the actuarial funding deficit had reduced from £117m as at 31 December 2018 to £33m as at 31 December

2021. The company and trustees agreed to continue the current level of contributions into the pension scheme (FY22: £13.1m)

until the end of 2023, at which point the actuarial deficit is expected to be met. Following this, the company and trustees

agreed to move towards a long-term funding target and continue contributions at a reduced level of contribution of £3.5m p.a.

until 31 December 2026, at which point the scheme is expected to be fully funded on a long-term funding target basis. "

Seems to me that shouldn't be a big issue for Hedin.

Interesting, I had not heard about the pension fund hole so thanks for that.

Any idea how big that hole might be?

Hello all, am I right in assuming the(looming) takeover by Hedin cannot be done until 1y after the first bid?

It is my understanding after reading the Takeover Panel regulations.

Personally quite convinced they will come back, since they have been very active again lately, also buying several dealer groups in Holland.

Have used the Odey sales weakness to re-enter the share and feel rather lucky to be able to do so at these levels considering last years interest from several parties.

Clearly too much pi gamblers/bagholders here, much to be positive about really.
Have to wait out the treeshake to get these weak holders out and get the knowledgeable in.
It's about time to get off aim and into Main listing, hopefully after a renewed cpr with one large field as the working thesis.

https://www.prnewswire.com/news-releases/kroger-and-ocado-bringing-6th-high-tech-customer-fulfillment-center-to-pleasant-prairie-wisconsin-300958370.html

ofcourse it's the Kroger data that sent this down, if people don't already know that they are clueless about this stock.

Anyone know when it is due?

tasty

this comment is as dumb as a brick

https://www.dailymail.co.uk/money/markets/article-7414603/Rivals-circle-beleaguered-internet-things-company-Telit-Communications.html