Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I see RNS about dividend today amongst the usual 8.3 and 8.5 forms.
Equals Group PLC (AIM:EQLS), the fintech payments group focused on the Enterprise and SME marketplace, announces the relevant dates for the proposed final dividend of 1.0 pence per share announced in the final results published on 16 April 2024 ('Final Dividend'). The Final Dividend will be payable to shareholders on the register as at 7 June 2024, subject to shareholder approval at the Company's Annual General Meeting on 21 May 2024. The associated ex-dividend date will be 6 June 2024 with a payment date of 28 June 2024.
Would be nice!
Ups the ante on any offer the more it rises before PUSU close.
Yes read it closely. Sounds like we getting a deal at a price we would accept or they would have ended it…
For those interested a decent write up on V O X by Paul Hill who has a sizeable holding here.
Wonder what tomorrow will bring….
Agree with that Zebbo…
Zak a virtual fiver bet says no deal under 160p.
That even gives you some leeway.
If you are right I will stick it in the charity collection jar at my local and you do same if I am right.
All done on trust of course if you up for a ‘virtual’ wager. 😁
Zak, you said previously that EQLS want at least 160p (you said 'trust me on this') yet you now are suggesting there is a chance they would accept 140p or 145p max.
I don't see a snowballs chance in hell of that happening but we will know soon enough.
Not invested but always look out for RNS's here and hope it works out.
Not a bad deal on what is not even their main Diatomite claim. You have to think if Pioche sells and so do (eventually) the Pozz claims then this really is a Company that will be collecting Royalties at various levels over time and not necessarily active in any way?!
Good luck...
I can quite believe the IIs have been sounded out about what sort of offer price they would find acceptable.
It could be some are trimming in case it does not work out; they might have a nice profit and want to crystallize that but keep some in should the deal go ahead. They might want funds to buy back later if it does not work out.
I can readily believe a deal might not be much above 160p; from this level guessing many will support it.
It is certainly in MDPs interests for the SP not to climb towards a likely offer price for obvious reasons.
I can't believe the extensions are due to the 2 parties arguing about the price.
Possibly still doing DD (want to see audited results) and maybe it suits them to do a deal in a new FY.
Personally if no deal don't see these dropping under a pound so feel there is more upside potential than downside risk.
I could not give a Flying feck if MDP don't want to pay up as feel there are excellent prospects irrespective particularly with Equals Money Europe starting to contribute.
GLA whatever your position is here; long, short or trying to keep the SP down ;-)
We will know soon enough what the outcome will be.
Agree DJ still very cheap.
We now have 2 interested partie so competitive tension.
We have results and Trading updated 16th April and then 'Put up or shut up' for 2 Companies by 5p.m 17th April.
Things likely to start warming up here and maybe another party will now show their hand...
Possibly levantic but that is good for us shareholders.
We are now seeing very solid numbers for this FY and if MDP want to do a deal it will need to reflect this and should be well north of 160p
Yes Oakham per below….
In the light of this request, an extension has been granted by the Panel and, in accordance with Rule 2.6(a) of the Code, Madison Dearborn Partners LLC is required, by not later than 5.00 pm on 20 March 2024
Adding to last post.
Our SP hit 121p on 20th Sept shortly after the interim results from last FY.
We are now around 106p with a supposed possible bid / takeover being discussed. It seems to me if the strategic review was supposed to realise value for us shareholders it isnt going great right now.
It was 1st Nov 23 when the Company first advised of the Strategic Review and made this statment;
The Board of Equals Group plc ("Equals" or the "Company") (AIM: EQLS) notes the recent market speculation, and confirms that it is conducting a review of the Company's strategic options (the "Strategic Review"). As part of this process, the Company has contacted a limited number of potential counterparties including Fleetcor Europe Limited and Madison Dearborn Partners, LLC to assess whether such parties could put forward a proposal that would deliver greater value to Equals' shareholders than pursuing a standalone independent strategy. Any such proposal could include an offer for the entire issued and to be issued share capital of the Company.
So it is clear the we approached Fleetcor and Madison to basically see if they were interested in doing some kind of deal with us to release value. Most here will know how bullish IST and RC have been on the Companies prospects particulary wrt the European expansion. It seems very likely that our BOD were pushed by some of our biggest Institutional holders to do this strategic review and I believe unlikely to be an initiative our BOD would have wanted.
I guess given 'we' instigated the discussions with Madison (Fleetcor were not interested) then 'we' (EQLS) have to give the discussions every chance of succeeding. I would hope that our management team are cracking on with the Equals Money Europe work and that we get some detail (and hopefully increased numbers) on this early April. This is AIMHO and DYOR.
Yes fresh. You timed your comment well as SP has picked up towards the close.
Be nice if we heard positive news soon