focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Will probably won't get any news till after 430 pm and when we do ,it will only say that the courts have agree to give us time for the creditors to decide whether or not they agree to the proposed scheme and that went its time to sweat..lol
lets get tomorrows court case out the way before we all start patting ourselves on the back. After all the courtse along with the creditors have to be in agreement for this scheme to go ahead and i'm sure their patients is wearing pretty thin.
The SP is dropping like a stone now ?
Assetco who are a profitable company were trading around the 14p mark only a couple of months ago. The only reason the SP took a nose dive was the announcement of the court case that could have seen the company put into administration .Now we find ourselves with a new management the team that specialize in turning failing company's around and months of due diligence that have been carried out by investment company's that have seen fit the inject 10 million pound can only mean one thing. On top of this a takeover bid is in and i quote from the RNS in a very advance stage. Its a no brainier !!!!!
Assetco who are a profitable company were trading around the 14p mark only a couple of months ago. The only reason the SP took a nose dive was the announcement of the court case that could have seen the company put into administration .Now we find ourselves with a new management the team that specialize in turning failing company's around and months of due diligence that have been carried out by investment company's that have seen fit the inject 10 million pound can only mean one thing. On top of this a takeover bid is in and i quote from the RNS in a very advance stage. Its a no brainier !!!!!
Legal And General and been dumping stock on a regular basis lately. Someone must know something will don't! Any thoughts
Such a lonely board
So correct me if Im wrong but once HKN start to off load the shares they just brought for 59p onto the market the SP will drop like a stone to reflect this.
I'm surprised there isn't more interest surround this stock at the moment with a T/O on the table???? I'm I missing something ere. Any background info from someone who's familiar with this company would be well appreciated
On Thursday, the pair said they submitted an offer of 115p a share for Lavendon. The joint bid comes after Lavendon's board rejected TVH's 111p offer in December. Under the terms of the joint approach, London-listed Ashtead would acquire the British operations of Lavendon, while TVH, owned by parent company Thermote & Vanhalst, would take most of Lavendon's operations in Europe and the Middle East. Ashtead and TVH pointed out in their joint statement that the approach is at a 45.6pc premium since December 2, the last business day prior to Lavendon entering into an offer period. The bidders also made it clear they do not intend to make a higher offer unless the financial performance of Lavendon improves significantly. Lavendon w"Given the group's strong market positions and free cash flows, the board is confident that Lavendon is well placed to deliver significant value to shareholders over the medium term," said Lavendon. People familiar with the situation claimed that Lavendon's shareholders were supportive of the decision to reject the approach. Philip Sparks, an analyst at Evolution, said: "It will be interesting to see if this [latest offer] flushes out any interest from private equity." He added: "If private equity does not make a counter-bid, Lavendon's management will have to make a very strong case for remaining independent." Shares in Ashtead, which carries out a large proportion of its business in the US, fell 3.7 to 166.3p, while Lavendon slipped 4 to 111¼p.as quick to reject the latest approach, saying it was "opportunistic and significantly undervalues the company".