Member Info for Bluelight

Feel free Saintsmith. I do sometimes think the board is living in a bit of a dreamworld where they think they can basically ignore shareholders concerns (I suspect this meeting will be the same, and they will cherry pick questions which make the company look in a good light). What they need to do is answetr the hard questions about why they have screwed us this year. Frankly if they can't then they can kiss goodbye to any renumeration votes, or share option authorisations. Can't earn more if your investors have lost 80% of their investment.

@porky. My question would be 'How as a company are you going to create value for shareholders, who you have sorely let down this year. Not just wooly comments such as we will maximise long term shareholder returns, we want to know specifics of how they will make the company valuation reflect its fundamentals" Will their be dividends, will there be aquisitions, will there be a move away from the Bourse, share buybacks etc. Could also be interesting to ask why do they see NCYT being valued at 200m with its cash and earnings levels, get them to justify how they let the price fall so much with no support. Could also ask them if their have been any firm takeover approaches, and if so why were they not rns'd to shareholders (given Graham had said there were). I doubt they will answer these of course, but it will highlight the level of disquiet their investors feel about being let down by them. Another loaded one could be, "How do you expect any AGM resolutions to be passed positively given you've cost investors huge sums this year"

They will buy a US company, they've made that clear a couple of times in their statements on plans. Ties in with their large expansion plans there and the new ceo's background. Can't really blame them given the high infection levels there, looks a great market for us. Not much been made of our US plans, but that could well be the next game changer.

Anyway, c£150m cash estimate at the moment, factoring in this years profit and call it 50m from the unpaid dhsc bills. MCAP 200m, no brainer. Values us around half of ODX who have no sales and losses... Somethings got to give soon. Easiest hold I've ever know at this level. Frankly lets pay the 100m out to shareholders as a dividend. Market doesnt value it anyway, might as well give it us for beers then.

But I'm not sure why you'd take a new ceo on from a peer if you'd already agreed a takeover. Surely they would appoint their own man. Why get a new ceo in, just so that he gets replaced in a couple of months....

Just banter on a quiet day

I guess it depends on the company, and who is to say they arent? Someone has bought all these shares that people have sold on the way down. I imagine the more ethical ones would probably buy it all in an open offer. Maybe hedge funds etc might get up to a few tricks but from what I've seen it's very much dependant on the buyer and the relationship they have with their takeover target. I doubt AZN for example would be battering the price down to get a cheap deal, knowing they need the companies staff and investors to be on board with it, blackrock however is another story.

Add a 1 in front of the six hundred and they can have mine. Not a penny less. I can wait as long as it takes ;)

A company offering for another doesn't care about a share price. It's irrelevant to them what a mcap is on x day. What matters is the valuation they put on it using normal industry valuations, cash, assets, revenue stream, prospects, goodwill, intellectual property rights etc. It's why the current share price is such an opportunity for investors. However you look at it, be it a recovery on its own steam or a takeover, its highly likely to be muliples of this level in the near future. But then I would say that as I'm invested, but it is what I believe strongly.

More fool the person who would accept that level, but I stick to the fact most would not. For a start that would mean most lose money on the deal, directors included. Just not feasible, people aren't that stupid.

So to summarise, whilst I do think we will likely see a takeover, I see no way it would succeed unless it was at least a 10-20% premium to the current year to date high, so c£14-16. At that price I think they'd have enough interest from the longer term investors to get it through.

If it then became hostile and were forced to buy in the open market, good look buying the required shares in an illiquid market at £6. Once people know they will buy any shares the price would go insane as there's just so few in circulation. You get a million quid share buy and the price would go up c10% a day, now try to buy 100-200m worth with an ever unwilling shareholder base (short term guys might take 100-200%, longer term investors would only sell at min previous highs) then you get an idea of the buying pressure that'd create.

It'd be a cold day in hell for me to accept an offer of £6 a share, valuing it at about 2x cash, not including stock, assets and revenue streams. Your short term traders may well get excited, but the vast maority of shares are in the hands of people/II's invested for a proper return, not a predatory offer. £6 would have no chance of getting through, thats less than half the 52 week high for a start. Negotiations can start at the 52 week high then we might see a sensible premium on top. I stick to a £14-16 offer getting through. No point looking at a price today and saying x premium, as the price today is massively undervalued fundamentally as we know. The CEO and directors paid over £8 a share also don't forget, I'm pretty sure they'd tell them to f off and not even inform us at that offer level as it's not even in the ballpark.

We all know that it is why we are all invested ;) Time the market woke up to it before we get bought out.

Yep harchris, it's a bit of a no brainer at this level. Right near a 52 week low, with so much cash in the bank and growing monthly, pretty hard to not make money buying around here. Obviously the longer the view you take the higher the profit potential but each to their own. Interesting the £3 level saw a lot of new faces popping up (most for the better, some for the worse). Highlights most people see value here. Myself I'm not reading the board too much at the moment, all I need to see is the price, and that is way too cheap so will hold and take more interest when we are more fairly valued.

Thats why I say gain/lose 3-4% covidop, I agree with you its not an easy one to day trade as the price action isn't particularly tied into fundamentals (or actually technicals for that matter), might as well toss a coin day by day. But that doesn't seem to be dettering people looking at the volatile price action. I do put faith in the view that increasing volatility highlights an imminent trend change mind you.

When people get bored of their 3 or 4% gains/losses we might actually start to make back the few hundred percent we are undervalued. In the meantime we wait

That's not to say there's not an informal settlement agreed in principle, hence supplies can flow again. Wouldn't have to RNS until its signed on the dotted line. Seen too much speculation over the years to get excited until its official though.

An NDA can't trump a legal obligation. Otherwise you could have a takeover approach done under an NDA and no one would ever know. Not to cast doubt on any posters, but as far as I'm concerned until I see an RNS then there has been no change. Believe it when I see it.

That would depend on whether they are long or short HarChris. Worst kind of market commentator who changes his commentary depending on their position. Definition of talking their book, utterly pointless reading a word they write.