Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Toscafunds increased 356.130 shares from 12.6% to 13.4% on February 3rd.
US Private Equity knocking the door... TOC TOC TOC
The company will refinance short term debt to long,
Yeah, you're right.
But it has sense....I could happen at any moment
Street rumours... Private Equity bid circa 500 GBX.
Minorities may be entitled to require their holdings to be bought out.
Power compulsory to purchase minorities.
Page 46 .... consequences when 90% of voting rights in target.
Please read about 90 per cent for delisting.
https://www.slaughterandmay.com/media/39320/a-guide-to-takeovers-in-the-united-kingdom.pdf
Mrd5432: And that is the reason why last RNS is for just a few 10.000 shares.
Mrd5432: I think he just finished with the 11% and this is his last RNS.
Purpose is to ensure takeover 90% and delisting company.
He is buying for a third one interested to takeover.... to ensure more than 90% in a bid and delisting from stock exchange.
Betrayed: Shorters team up with Mr. X, there is a plan and once the guy have completed the initial stake to ensure the takeover success the shorts will begin to cover. Appointed Agent does the work nicely... i.e. Goldman or Morgan.
That's the point... independently of the strategy of Mr. X% to have clear the real value of the company because Mr. X% also knows it and it is why he is here.
He is shorting for sure!
Main reason is that it is the common strategy to accumulate at lower prices and finance part of the new shares bought.
It is in the first page of the sharks handbook to seize a company.
When you see a RNS from this guy increasing stake, think that one minute later the shares are shorted by his appointed agent.
hey_arnold: I have seen this so many times in the stock market.....It is the handbook of the shark. Mijail Fridman style, Carlos Slim style, George Soros style...... There is a long list of corporations sieged by this guys.
Usually it ends in a takeover but the worst is that the stock price could collapse and go even lower.
I'm not in UK but someone of you could ask FCA to investigate because it is very suspicious all this sequence of events. No coincidences here.
The first thing they do after they inform about the initial stake (7% in this case) is to lend their shares to a shorter, probably Blackrock in this case who sells the shares and make the SP drop. After the lender buy shares cheaper and continue the process of accumulation. This process produces short term losses for the lender but ensures a lower purchase average in the knowledge of future developments on his favour or/and shorts closing by the borrower.
tindrumgambler: He is likely not alone on this.
Now that we have knowledge of his last purchase on January 24th, for me it is crystal clear that he is behind recent share drops.
He is shaking the tree to collect the fruits from the weak individuals running away with the fear.
a reduction of debt for circa 800 M$ would generate extra cash flow for 56 M$ because less interest expenses which with a IRR of 10% represents additional 560 M$ EV or 0.40 $/Share aprox. 30 GBX/Share.
And also the reduction of net debt circa 2b would make a credit rating improvement to reduce the cost of the remaining debt.