The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I think any deal will be sub-£2. I can't on what basis the BoD would expect to get a 40%+ premium to the current sp, given where the retail sector, broad economic forecasts and the company's performance is. But I hope I am very wrong. At the moment, it feels like the market is saying "Not quite sure if a deal will happen or be accepted by share-holders".
I'm waiting for hard news on monies received by ABDX. Dreamy, rampy, detective-like possible stuff is all a distraction imo.
HappyDays, you have optimistic assumptions and timeframes. Not sure if they will be borne out in reality. Let us see....GLA.
Ade1234, who knows if you'll be proved prescient in your move to bank profits? As RNSs have said there is no certainty of a deal and the mood and data around consumer discretionary spending has markedly worsened since the sale process began. Who knows what the bidders may be thinking about forward earnings potential for TED at present or what concerns they may have about over-pitching compared to their rivals? At the end of the day, a profit is a profit and everyone knows what they are comfortable with in banking gains and reallocating their money at points of time that suits them. I do a hope a deal is done and for it to be north of 180p ( I just can't believe that it will be easily north of £2 like some here imagine). Anyhow, let us see....
I hope we hear something by next week or at least by the end of the month. But more importantly, I hope a deal is cut at a significant premium to what the BoD consider the forward-value of the company. At this stage, it would not be good if a deal isn't secured with any of the narrowed down set of bidders.
Urraca, let's see how long the DHSC take to pay after the ruling. I want to be wrong.
They will not be worried about any relatively minimal interest. They will be going through the judgement with a fine-toothed comb, thinking about contractual practices in the future and discussing what if any messages and precedents will be given in handing the owed monies to us. I'll be gob-smacked if we get the money very quickly after judgment and equally jolted, if we get every penny we are owed. I'm assuming end of June at the earliest but hope I am very wrong.
Depending on the ruling or rather what is noted within it, DHSC officials and Ministers will have to agree a number of matters. There almost certainly will be a lag in payment to ABDX, even in the event of a very positive ruling in DHSC's favour. And I suspect a further meeting or exchange with ABDX will be needed to reach and tie-off all payment matters. I'll be very surprised if we receive monies owed by DHSC within a month of the ruling. But who really knows?
...we should expect a lag between the seeing judgment and receiving any final payment, IMHO
There are many reasons from a departmental and civil service perspective why you may want to see the Court's judgement ahead of releasing the delayed payment to ABDX. And even when the judgement comes through and if it is positive, we should expect a lag in receiving any final judgement. End of July at earliest, IMHO.
BEZ are a solid outfit. I sold out ages ago around the £5 mark but I'll look for an opportunity to get in on a dip and hold for ages.....
From SkyNews: People familiar with the rescue proposal said it would be structured as a solvent deal rather than pre-pack administration, though it would not involve any meaningful value being attributed to McColl's London-listed shares
Casper, there is no hard incentive for any potential buyer to put in bid at this stage. Much more favourable to pick-up whatever bits of the business you may want after administration. The levels of denial/delusion about what is going to happen here are stunning and sad.
Do we know how long it took the Court to give it's ruling in other GLP-related cases?
Optimism bias and sunk cost fallacy at play with many investors here. Saw it with investors with Carillion and Thomas Cook. Some people simply cannot believe that a company they are invested in is headed towards administration despite all the clear warnings. It's a grieving process - some have started to move from denial to anger but there are at least four or five more steps in that grieving/loss cycle to go. It is tough, especially if one is over-extended on this single share.
Let us see what in fact happens with the case, how the market reacts, if and how much DHSC pays us, what hard revenues we derive from Vatic and from any other contracts.
Ocean - I think we'll be lucky to get bids of £2 per share (which is over 30% to current price). No way we are going to get bids of £2.50p +. I do hope I am very wrong.