Member Info for FredZGomez

aww you are peevish and lashing out .I thought I was being constructive and helpful :( I'll have to move back to the GKP thread

for afternoon, post-prandial is a better fit than pre-prandial. Please stop digging But that's not really so important. I meant what I said about literary flair. Some people have it, some don't. Doesn't really correlate to education - in-fact the over educated can sound turgid which you do

I think you mean "post prandial" you lack literary flair so I would give it up. Its painful to read when someone doesn't have it

"The Bundeskartellamt is an independent competition authority whose task is to protect competition in Germany. The protection of competition is a key regulatory task in a market economy. " if that is the case then they should approve this takeover. I am waiting to see what they will say, tbh

You've answered the question - if the markets are saturated, the only course of action is to take over one of the market leaders, if an opportunity comes up. If you look at the Hytera website and some of the company ceo statements, Hytera have global ambitions. I think they would like to be a global brand. Believe me it just does not make sense to continue with Sepura. You may disagree and I was slated when I made that statement but I still think its true If you are in this business you may not like "Chinese TETRA" and it may well be crap. Its possible that the European market may not find a Sepura - Hytera handset acceptable and another TETRA company might come up. That is really Hytera's problem and as investors no concern of ours. That's the risk they take

"since november NONE have really said anything of why hytera would like to buy sepura.. what they possible going to do or plan with sepura / tetronic / 3t / Cambridge... " I have. They obviously going nowhere in Europe and haven't been able to crack the public safety market. But Hytera's plan after takeover will be drastic cost-cutting, with all that entails. They will service Sepura contracts and the Sepura brand name will eventually disappear. It doesn't make sense to have two very similar product suites. Its not like the auto industry. They may not say so, but they will have to. Maybe they will retain a tech office in Cambridge. This is yesterdays market so its all about squeezing costs. Its still profitable but only with big orders from public sector outfits. I think the takeover will still happen but this German regulatory approval is a shocker. It was not mentioned at the time of takeover. GW is correct, it simply should not have been required. You missed the gist of his statement. I have made a profit out of investing here, and I'm still watching. Some of the posts are very helpful - its useful to know that Chinese approval is last for example. You can never learn enough in this game but I learnt nothing from your post

Do Govt agencies think like that? Motorola taking over would create a known knowns, a monopoly. Rejecting the takeover would create a known unknown

"The biggest surprise is no one else (Motorola) didn't put in a counter bid - and that to me is a bit worrying." Motorola would then have 100% of the German public safety market, and that would be a definite fail as far as the Bundeskartellamt is concerned "The Bundeskartellamt is an independent competition authority whose task is to protect competition in Germany. The protection of competition is a key regulatory task in a market economy. "

"The LSE agreed to sell-off its French clearing arm LCH.Clearnet in January to get the deal cleared but two weeks later the EU Commission unexpectedly opened up a fresh angle to a competition probe focusing on Italy." when stuff like that happens you know the deal is dead. However LSE-Deutsche is a much higher level to Hytera - Sepura. Meanwhile, Sepura need to come up with some credible way of reassuring the market

its a recycled contract win, which Sepura specialise in . That article is very misleading, and with a full page pic of interim CEO David Barass navigating the choppy waters of a takeover, it looks like he is padding his cv if you look at Abiom (the contractor) website, this is how they report it. Basically its the completion of contract, not a win! "Tata Steel fully transitioned to mission critical TETRA network Sepura" 17-02-2017 http://www.abiom.nl/nl/blog/#60-tata-steel-fully-switched-on mission-critical network tetra-of-Sepura Tata Steel successfully completed Site Acceptance Test 20-05-2016 http://www.abiom.nl/nl/blog/#56-tata-stem-site acceptance test-successfully-completed Abiom takes next step in deployment Sepura TETRA system at Tata Steel 11-04-2016 http://www.abiom.nl/nl/blog/#55-Abiom-turn-next-step-in-roll-Sepura-tetra-system-on-tata-stalk Hope nobody takes a punt on Sepura on the basis of that business weekly article

"Old news. Sepura won this spring 2016." they seem to recycle these contract wins. I seem to remember them doing this about a Peruvian contract

ouch , that must hurt this saga should go on for atleast 3 months before we get some clarity from the German regulators. This SP is going to be a nerve wracking affair. Unless the Germans decide to abandon their phase 2 process which seems very unGerman

the various institutions buying in at 19 or thereabouts when the deal was confirmed

"Dirty world of share dealing !" what!! I'll have you know we are not dirty and appreciate fine wines. Why are those "arbitrage specialists" so much better - they thought they would make 5% in a risk free transaction and now its looking risky. Rather like share dealing

the professionals are losing their nerve. all the better

"As a consequence, there is now material uncertainty as to whether the Court Hearing to sanction the Scheme will be held in early to mid-March, as Sepura and Hytera had previously expected. " Its puzzling why this regulatory approval was not anticipated. Or maybe it was but nobody mentioned it. The above statement seems a tad disingenuous, tbh. Its not a new thing that German bureaucracy is ponderous , I cant see why approval should not be granted. This takeover does not affect competition in the TETRA market among public safety agencies since Hytera has no presence here. As its name suggests, the Bundeskartellamt is about preventing cartelisation. As I understand the market is currently divided between Motorola and Sepura in Sepura's favour. So why would it impact " Sepura's results for the financial year." Are they in bad shape and a quick takeover would have hidden a lot of issues. ? Not impressed with the "turnaround specialists"

So what if the sp falls below 14.75? I think Hytera would still like this takeover to succeed because Sepura is an important player in the largest TETRA market in Europe. But what are their goals, the German regulators might ask ? Like the others I still don't know whether to jump in or not.

that's very likely and Germans still do industrial policy But they cant just veto the deal. Seppy would likely go bust in that case - that would be shooting themselves in the foot

market doesn't seem to believe it That's quite a comedown. Hytera will think they've overpaid. All those big volume arbitrage players must be sweating a bit ...... the thing to do is search for precedents on what happens next.

with the BoD that would make 3x...