Member Info for chambersiain2

Newbieinvest hope you held your nerve. I thankfully did.

KYPD - it's that simple. The day to day ups and downs shouldn't alter the fact that there is a deal being negotiated as we speak and sleep. Bally wants Evoke, they are getting the bargain of the century, it they bail (pardon the pun) there will be other ways to maximise shareholder capital. Just remember one family has a very large stake in this and so too does a specialist hedge fund who's average is 34.5p. I still expect this to go north of 50p because the offer will be rejected and won't get the 75% approval. I'll stick my neck out and say 64p

KYPD - simple as that. The tree shake. Allows shorters to exit with a modicum of dignity.

18th May - D Day. Do the Greeks buckle? I don't think so they're bagging a bargain.

As this drops I will buy more, risk favours the brave and the foolish.

888 and WH are brands that should command +100 per share. 75% shareholder approval needed, so perhaps we need a sweetener

DJ I disagree, they have kitchensinked the losses this is standard practice before an acquisition. They are gearing up for a sale. It's a gamble to hold but a 25% upside will be very welcome. I've reduced my holding by 75% but intend to spin the wheel for the remaining 25%

DJ it makes a big difference as it removes friction and provides a transparent true valuation of the business and the accounting loss can be carried forward (good for any prospective buyers who can leverage this against future profits). This is why the accounts were delayed. This is the guidance the advisors would have suggested. This sets up the company for a real sale not just thinking about it. I'm looking forward to my 50p

KYPD. The loss reported by Evoke was made up of an 80% impairment charge.

This is Evoke cleaning up its balance sheet for a sale. They are writing down their UK asset value and taking the hit now.

When a company is in a strategic review, buyers will always challenge the carrying value of assets. If Evoke didn’t take the impairment now, any bidder would:

- demand a lower price

- force the write‑down during due diligence

- use it as leverage to reduce the offer

By taking the hit themselves, Evoke:

- removes a negotiation weapon from bidders

- presents a “clean” balance sheet

- signals transparency

- avoids a buyer‑imposed haircut later

This is classic pre‑transaction positioning.

Wisdom KYPD the dance around the handbags is yet to start this is the opening position. The board has to act in favour of it's shareholders regarding disposals we all need to place our votes on whether we accept the final offer. At least 75% of us are needed for approval otherwise the offer is rejected. That is why in most statements leading up to a takeover the board will say that this is information only and shareholders don't need to do anything. It's only when it goes to vote the tone changes and the board will indicate they are in favour and will ask for shareholders support and will ask us to vote in favour. If the deal is crap then you have your say in the vote.

Finally "The only true wisdom is in knowing you know nothing" stay humble and KYPD

Newbie. Firstly what did you do when the price dipped to 28p did you back the truck up?

Let's not think about the final price but the statement from the board. They are considering an offer. That says to me they believe and so do their advisors that there is more value to be had. The current offer reflects only 10% of the entire purchase value and as the debt isn't increasing (it's fixed) a 50% increase in the offer price to 75p would result in around the total deal value increasing by only 5%. There is plenty of upside between 75 to 100 in my mind and that's why Ironshield went balls deep. Remember shareholders have to approve this and there is a required 75% approval needed.

NEWBIE KYPD!

KEEP YOUR POWER DRY.

This is the first salvo. My prediction was 54p entry. The next volley will be 60p my prediction was 65p. The final price will be higher.

75% of shareholders have to approve the bid. The power is in our hands! I'm significantly up on the deal, I have a simple rule flow the money.

Newbie I hope you took my advice.

Newbie, if you're uncomfortable about your position sell up and let others take your cheap shares, if not keep your powder dry and stop moaning. You have three options, do nothing, sell or buy more. My advice would be buy more when the price dips hold out for a profitable exit. That's the game you sign up to when you place your chips. This isn't a guaranteed fixed savers account. BTW Ironshield's average buy price is circa 34.5p. They are still holding firm

Keep your powder dry DJ. Nothing's a foot, apart from a couple of good earnings weeks with great sporting events coming up. Don't look at the share price it's not linked to the bids are a coming in. The board won't sell for anything less than 65p not great for long termers but ok if you're a bottom feeder

it's far simpler. the tori-graph and the times have a long term agenda to hammer labour. vistry is the posterboy of labour's 1.5 million home dreams. spread **** on the posterboy spread **** on labour.

Newbie, you're doing it again making assumptions and doom-mongering. The rise to 38p was due to the volumes and announcement that Ironshield has acquired 6% of the stock. That is NOT a trivial number that spiked the price. I've gone over the Level 2 data to work out their average price and I put it at 34.5p. The fall back on the share price hasn't been because of any massive sells more to do with low volumes and few buyers. This is typical after a large purchase has happened. Ironshield arre the smart money. They are looking for significant returns. And so am I. Keep your powder dry.

Dang223, great write up. I concur with your thoughts but I'm slightly more bullish. The threats have been totally overblown. I extensive knowledge of Agentic AI and complex payment systems, the short answer is that someone (system) still needs to do the complex plumbing, the shiny frontend accounts for about 10% of the development costs. Equally having sold packaged software to the public sector it's clear they have no ability to develop their own solution here, not because they are incapable but because of the many layers of red tape and bureaucracy. There will be endless meetings, scope changes, cost over runs and delays. I suspect GBR will eventually contract Trainline to be the engine under the hood. My price expectation over the next 24 months is +£5 (£6.30 is my personal target). The threats will become positive additions to the multiplier. Agentic AI will integrate into Trainline Solutions allowing employees to order train tickets via slack or ms teams using the trainline plumbing. GBR will lean on Trainline to power the country's ticketing consolidation.

Newbieinvest, ignore the day to day fluctuations, look at the bigger picture. Ironshield a hedge fund who bet on undervalued and distressed assets purchased 6% of Evoke PLC last week. Their bet is £10M. They specialise on extracting value from these situations. They are NOT a bond holder they are an equity holder. If you read up on their background they tend to make a few very selective large stake bets with a view sizeable returns. In short they've purchased a seat at the table in the closing days of a sizeable deal happening, either a full buy out or asset disposal. This stake is significantly larger than the boards combined holding and it was this that pushed the price up last week. Hold your nerve. Ironshield have spotted something we haven't

Testacount you better start covering those shorts could turn very very ugly for you. there's not much I don't know about UK M&A but would be willing to listen to your drivel - don't tell me you don't think shareholders have the final vote - 75% of us believe we do!

Guys try to read my comments again. companies get bids every day. i can bid for M&S but doesn't mean my £15K will buy the entire company. The directors MUST report meaningful bids that have been rejected via RNS. Offers that they think are worthy they seek shareholder consent, but they MUST get 75% approval and GET mergers and monopoly approval.

In respect of shareholding the board hold a minimal amount - Dakia Skaked is holding a significant amount and I suspect is working on a counter bid. Giving her holding she would only need another 55% to get a favourable vote.

If you don't like how the directors have acted, attend the AGM and vote them off. Don't invest in UK shares if you don't understand the mechanics of how UK PLC's operate

They have to announce any real ("meaningful") bids that would have the ability to be transacted (funding). they have does this to date. they don't need share holder approval for this rejection process, as they are working for the benefit of shareholders. they do need final share holder consent on total disposal (75% of all shareholders). if you feel the directors have failed shareholders then it can be aired and voted on at the AGM.

Its not up to the directors and c-suite of Evoke. they have equal voting rights to any other shareholder. it will come down to who holds the largest holding and what they are willing to accept. One family has influence here, and I suspect they maybe considering a counter offer. the directors can position a deal but they can't approve it - they will need 75% shareholder approval My bet is this will start at 54 pence and rise to 65 pence

The board can reject an offer without the say so of the shareholders, if the offer is meaningful they have to announce they have rejected it. If the board considers an offer they then have to get at least 75% of the shareholders to approve it along with any anti-monopoly regulation signed off. The shareholders have the final say in the disposal of the company unless it goes into administration, which Evoke won't