focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I don't think the nominal value of the shares has any bearing on the price at which the company can be taken over. Please correct me if I'm misunderstanding how things work.
Ironic, could you explain the maths on that please? 101NIS is 28 USD. I can't see how the interest would be 22 USD.
I was thinking the interest would be more like 3USD so if the deal happens at the suggested price that leaves 5USD for shareholders which is a bit less than what the share price is suggesting.
My hope is the sale price gets negotiated to something more reasonable so the shareholders come away with something fair.
That last amount should be 41M Dollars not Pounds
Wont the shareholders have a say in whether the sale happens? The same shareholders that repeatedly issue letters of support? Surely they wouldn't agree to such a low offer leaving them with almost nothing. My guess is the sale price will need to be negotiate up and this drop today is a just big knee-jerk reaction.
Remember there is the clause that Rainmaker may have the right to purchase Matomy's Shares in Team Internet at 60% of what they paid for them. $68.4M x 60% = £41M. Surely this is the absolute lowest that Matomy should accept?
When everyone gets bored of name calling perhaps you can help me out. Based on the two massive trades today totaling £3M can we expect a TR1 RNS in the next two days? Is a TR1 Mandatory when large quantities are sold? I am very interested to know who sold these today. Assuming they were both the same holder there is only one possible source of these shares.
I've doubled my position on this today. Very small risk in my opinion with significant upside on the horizon.
Insurance should cover everything no? Maybe a small bit of reputation damage, that's about it.
Last update from Alasdair was they were considering selling the litigation. Maybe there is progress on this.
office2office plc ("o2o" or "the Company"), a leading provider of office supplies and business solutions, is pleased to announce the appointment of Hugh Cawley as Group Finance Director with immediate effect. Hugh, aged 55, is a Fellow of the Institute of Chartered Accountants and has over 25 years' experience in the manufacturing, distribution and service industries including senior financial roles at Procter & Gamble, Imperial Chemical Industries PLC, S Daniels plc and Dawson Holdings PLC, in all of which he has consistently played a key part in driving performance improvements through increased efficiency, restructuring and strategic change. His last executive position was as CFO and CEO of Dawson Holdings PLC, overseeing the reversal of its decline, the growth of its constituent businesses and, in August 2011, the subsequent sale of the group for a significant premium. Commenting on the appointment, Simon Moate, Chief Executive Officer said: "I am delighted to have Hugh join the Company's executive management team. With his strong combination of business services and listed company experienceand record of growing shareholder value, I am confident he will play a key role as we continue the formulation and implementation of our plans for o2o's success."
£336.65k this morning - looks like a buy to me. Hoping to see some movement hear soon