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The no divi announcement was the huge mistake greatly responsible for this sp fall since... for the new shareholders looks like a gift
- they won't get them cheaper than that
You right Ports, I don't know about you - but why would I want to?... People invests for all sorts of reasons, it's their business and good luck to them all. My target sp it's my only concern. In my own view no investor deserves less than that and we've been dragged into a possible under-offer. If they're happy with lower than that they're 'financial' mugs and out to grab whatever they can or just happy to get whatever is given to them for whatever their reasons might be. These terms aren't in anyway personal or individual- they are 'financial' expressions only. I call myself a mug anytime I am forced to sell below my tp whether in gain or loss
Hi MH01,
thanks for your view about dilution... I agree totally with you... I guess you are a very LTH... My problem - and likely of a few others' too - is that being a mid time holder I might not have enough time to ride out a dilution - good or bad!... That's why I am particularly worried about it
Well, Ports, my target is 68, yours is grab whatever you can get from this possible offer. That's explains a lot
Anyone is aware of when the next event might be? Earnings, dividend, presentation, etc?
Yes, sure... I was not particularly trying to reply to you, just pointing out some greedy DX major shareholders can't wait to sell
So the scrip dividend was better than cash because we wouldn't be taxed this 20%?
Back =buck, just in case it isn't clear
Kino situation seems very different to me... The board was against the possible offer and access to due diligence was denied.... In common with DX seems to e both are possible under-offers. But our DX largest holders quoted in past posts seem very keen to make a quick back
My guess is this extension might be well be presented as further time needed by HIG for its due diligence (to adhere to protocol) but in reality to do with HIG either trying to find funds/backers or unable yet to organize their own structure in which to fit DX... The 48.5 is undisputed so far and HIG would not have gone into the extension if changed its mind about that
"If DX declares, makes or pays any dividend or distribution or other return of value or payment to its shareholders, H.I.G. reserves the right to make an equivalent reduction to the Possible Offer."
Any buyer buying any company would have that clause or something like that, to safeguard that in the time between the possible and the mandatory offer the company does not transfer capital/funds to shareholders. But what company board would be so foolish to abolish their dividend plans on a clause from a possible buyer who might not buy anyway? I would have accepted it as reasonable if it was to meet a mandatory offer but never a possible offer. Therefore for me the statement is saying HIG would reduce their possible offer to cover the dividend, so the mandatory offer would be 48.5 minus 1p dividend... Any variations from that would be based on other issues (("other return of value or payment to its shareholders")) and have nothing to do with the dividend