Member Info for Kjn2

Pump and dump? What? The large holders haven’t sold.

A strategic review is launched to realise shareholder value and increase the share price. Since the sale process started the stock is 35% or so LOWER than before. The Board should be held accountable for screwing up imo?

The Ramsay offer was unsolicited and not a review in which I guess the large shareholders want to sell.

Seems nobody really knows what happened.

Now that few days have passed, what actually happened after the Sky story broke? Why didn’t the Board negotiate from 230 onwards? If they didn’t, why are they still in their seats?

You are actually wrong, net debt is low vs ebitda.

The thesis is a SLB, net financial debt isn’t the key hurdle here.

Do you post anything with content or just “wow”?

Shatter posts garbage. Zero value added.

MBO just means existing management team fyi.

Let’s see, but doubt Mediclinic will rover their equity.

8.3 came out, they bought more shares.

Saw a broker note that said the share price is back to Covid levels in 2021.

By now I think if the top 3-4 holders don’t buy in the market they might as well do an MBO (unless want to get rid of CEO). They wanted a premium when the stock was at 200p. They must love the value here. Looking out for 8.3s now. BlackRock bought more shares so far.

And you are wrong once again.

Either can return any time if a bid is made. They can also return imo if the board agrees to.

However, if 230 technically didn’t cut it, why would the board now entertain 210-220?

Lol, you are so clueless. M&A advisors aren’t brokers, haha.

What are you talking about? M&A advisors take 1-1.5% of EV alone. Nothing based on per share basis.

You should become a standup comedian for wannabe finance professionals.

Lol, dude, you are as far from the City as possible. Buyside ain’t even based in the city you clown.

Post one thing only that adds value on here. You can’t.

What? No fees attached? What are you talking about. Hiring advisors and lawyers etc in a sale process costs around 1% of enterprise value, maybe even 1.5%.

They have already spent 8m or so with zero value created. Sure, if they get 260-270, let them spent another 10m.

Sure, but do you want them to spend another 10m or so on fees? I wouldn’t.

My guess was always 260, but by now 250.

The large holders have to realize they could maybe run another process in another 2-3 years, not before imo.

My guess as good as yours.

Given the share price drop the premium has reset to some degree. For instance, no one will pay 100% or 3£ now.

Having said that it’s also about what buyers are willing to pay in a market. You can own a house and say it’s worth 1m, but if the market is at 800k it is what it is.

Due diligence access comes in phases.

And don’t forget the earnings were in between. I’m sure the top holders realize that 270p or so out of question.

If no sale now imo reasonably to expect the board and CEO to be potentially fired/exchanged. I still think a sale may happen now as too much money and credibility has been spent. Companies can’t run too many processes, at some point no one is interested anymore.

Stop posting trash and incorrect facts.

Book value of PP&E is 1.6-1.7bn already.

Tosca didn’t sell their stake. Do some basic research instead of spreading wrong information over and over again.

No, that’s not how it works. The freehold value is trapped atm. A slb would reduce capex and interest payment and lift rental payments. But the value would be unlocked. Right now the share price does not account for the value of the freehold at all.