Member Info for BillNN

Full Cash = Option 4 – Receive Cash - you will receive approximately GBP0.525 in cash for each Assura plc share held

It looks as if PHP has not had many acceptances

But presumably opting for full cash of 52.5p seems the best option ............ but is this "guaranteed" especially if the majority opt for 52.5p

or am I missing something ............ your comments would be appreciated

Lots of analysis on this board many trying to "talk up" the company

17p share price = something bad is going to emerge

17p sp and no "white knight" = something very bad is going to emerge

I'm down 50% on my original cost. so as with many I'm just hanging in there till the end, but as they say "don't catch a falling knife" - many pi's are probably guilty of this - with greed now turning to fear.

Good luck to all

Boy this cos share price is getting some hammer - (provisional indication bid) of 35p and it's trading at half that

Is Wood now for the knackers yard?

Wood Group said earlier in the week that it does not expect to be able to publish results by 30 April and was now expecting to have its shares suspended from trading on the same date. It also stated that there was an expectation of material restatement of accounts for each of the past three years.

As a result, Berenberg no longer believe it has "a reasonable basis" for a price target on Wood.

"We continue to believe that the franchise has a substantial value, as indicated by the continuing discussions with Sidara, but we do not believe this is an adequate basis for a valuation," said the German bank.

Berenberg previously had a 'buy' rating and 250.0p target price on the stock.

Just received a message on my SIPP

"Assura plc has announced that it has received details of a possible all-share offer from Primary Health Properties PLC.

Primary Health Properties PLC has until 7 April 2025 to either announce its intention to make a firm offer, or to confirm it does not intend to make an offer. There can be no certainty an official offer will be made"

OK, we knew they were interested a few weeks ago.............but maybe this pushes Primary Health higher in what they may offer

Is there also a 2 pence voting fee is you accept?

so 1.57p - (which includes the dividend normally paid in June)

I really do not understand the Corporate action in as much as it says, if you opt to sell your shares to Boswell at 1.433 it may take some time to get the cash ....... and Boswell may extend the offer period and again which would cause a delay to the payout

and

if you don't agree to sell your shares and the takeover happens, if and when the assets are sold the cash distribution may be whatever Boswell deems it to be

Maybe the only sure way is to sell your shares in the open market, at least then it's cash now albeit at 1.4 or below

What do you think?

Received this Corporate Action on my account

"Further to our previous communication, BBGI Global Infrastructure S.A has announced that it has now received a takeover offer from Boswell Holdings 3 S.C.Sp. You now have the choice to sell your shares to the new company with no dealing charges.

Under the terms of the offer, you have the option to tender your shares to Boswell Holdings 3 S.C.Sp. at a price of GBP1.433 in exchange for each share held.

The company has also announced an interim dividend of GBP0.042 for each BBGI Global Infrastructure S.A. share held as of the record date, 7 March 2025.

To view the offer document, please copy and paste the link below into your web browser:

https://www.bb-gi.com/media/2446/offer-document-final-version.pdf

If acceptance levels for Boswell Holdings 3 S.C.Sp’s offer reach 90%, it intends to delist BBGI Global Infrastructure S.A. and/or may proceed with an Asset Sale. However, the proceeds of the Asset Sale are not guaranteed to be distributed to remaining shareholders. In the event of a return, any proceeds may not match the value offered in the takeover.

If you would like to accept the offer, please input your election by specifying how many shares you would like to accept the offer for. If you do not wish to accept the offer for all of your shares, please enter the number of shares you wish to keep into the default option, 'Take no action'.

If you choose to accept the offer, you are confirming that you have read the official document, including details of any restrictions, and that you are eligible to participate.

Takeovers can, on occasion, take a long time before they start to pay out to customers who choose to accept the offer, and are often extended multiple times. If you choose to accept the offer, you will not receive details of any extensions and you will not be able to sell your shares. Once Boswell Holdings 3 S.C.Sp. commences payments, your account will be credited with the proceeds upon receipt.

We will elect to accept the offer on your behalf in the event that it becomes compulsory.

AJ Bell is unable to provide advice and this notification does not constitute investment or tax advice. If you are in any doubt as to which action to take, please contact your financial advisor.

Please copy and paste the below FAQ link into your web browser for more information on corporate actions:

https://www.ajbell.co.uk/sites/ajbell.co.uk/files/AJB_Corporate_action_FAQs.pdf

IMPORTANT NOTE – If you have any questions or queries regarding this event, please send us a secure message and ensure you quote the following in the ‘Subject’ field: CORPORATE ACTION – BBGI Global Infrastructure S.A – 9892977

Updated: 14/03/25"

How much will or would Assura pays in dividends this year?

I think that I saw in the bid document that the price payable would be reduced by any dividends paid if/after the bid had been accepted.

If this is the case the 48p offer is not as attractive, (if it is considered attractive??), as on first sight it seems.

I bought this share for the potential dividend income

Rumour of a sale/takeover/etc., and the share price heads south ........ the BoD need to "come clean" and tell the world what they have told the major II's ........ this situation "stinks"

IMHO

If we are to believe what has been reported the current financial position of the Wood Group is poor and they need further (significant) financial assistance. Also (from what has been said in the past) the BoD believe that the business is worth far more than the current market cap.

It would also appear that the BoD do not want to sell the group.

Maybe at this time the BoD are trying to raise further borrowing to support the Group and their belief in the business. ........... if this is the case and their preferred route this may take some time before any more information is disclosed.

I sold my DEC shares in early Feb, but still follow the company hoping to see improved news,.........a "review" from SimplyWall street today

Currently, the following risks have been identified for the company:

Major Risks

Interest payments are not well covered by earnings (1.7x net interest cover).

Earnings are forecast to decline by an average of 14% per year for the foreseeable future.

Minor Risks

Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.

Profit margins are more than 30% lower than last year (20% net profit margin).

Shareholders have been diluted in the past year (26% increase in shares outstanding).

Bouncing around below 40p ............. when will it be breached??

Or an update from the company?

This looks like a "done deal" at 40p cash for most pi's

It has the support of all the major and more importantly the controlling shareholders

so why not sell now at around 39.2p rather than wait for early 2025?

From the released document

"The Acquisition is expected to become Effective in the first quarter of 2025, subject to the satisfaction or (where applicable) waiver of all relevant conditions, including the Conditions. An expected timetable of key events relating to the Acquisition will be provided in the Scheme Document."

SELL NOW or WAIT?

Portfolio2 ......"So what is the reality if we hold onto our shares and convert ? how easy to sell in the future ?"

isn't it a CASH offer of 40p per share

PI's are always at the mercy of majority and Institutional shareholders and another very unfair transaction for the benefit of such shareholders.

The AIM market seems to be getting more disappointing as each day passes ......... and maybe more untrustworthy

Has the "Oak Bloke" article pushed the price up - any other reason