Member Info for Lasvelas

Not sure anyone has done some maths on the votes for October 1 - Requisitioned GM.
The document that TPG Investor relations forwarded me, states that TPG have received indicative support from 25.4% of their shareholders to vote against.
The doc also states that 0.75 % is from the BoD. 25.4% less 0.75% = 24.65% left. Looking at the list of the largest holders, we are deducing that Canaccord is probably likely to vote with SAG. I therefore suspect M&G is part of the 24.65% less 18.78% (M&G) gets us to 5.87% . Killik holds 4.72% and TM Cavendish fund 2.76% which adds up exactly to 5.87% (Unless my numbers are out of date, these seem to added to the last decimal point)

and just to add to this. I asked for my voting form few days back to the investor relations of TPG, as my broker didn't have it yet. and I was sent a link to a document saying why I should vote against the whole motion. I did not ask for their opinion. Yet they are sending me and telling what I should do. I suspect the online presentation will be pushing for exactly the same message.

fatoomch - yes, I wish you were wrong, but I fear this is exactly what may happen. I have followed updates for years, they all sound great but no substance. Revenues going up and company still cannot make proper return on capital. That's not a business I am after. I have been waiting and waiting and hence the reason why I am happy to turn the chapter and move on.

Cat, I have been a patient investor for years. I am not going into more than that. "Around 4p" - means, over as well as under. I am not looking for pursued anyone. People need to make their own minds up on this. Feel free to continue disagree with everything you want. That's absolutely fine with me. ;O)

This has been trading around 4p, since June, before any news of take over. That's where we would be more or less. Unless TPG can deliver impressive numbers next week, that's where we would be again. We can all dream of multiples. TPG has not been able to do that. 6.5p will be the best offer at this point. The big holders would not have sold out to SAG if they thought this was undervaluing their holding or if they thought SAG would offer over 6.5p

Just catching up on today's updates:

TP Group is pleased to announce that David Lindsay, CEO, and Derren Stroud, CFO, will provide a live presentation updating on the Company's interim results and prospects via the Investor Meet Company platform on Tuesday 14 September 2021 at 9:00 a.m.

Stokey - I do agree with that point. SAG has to be strategic now and behave in such manner. It is an additional while this whole thing is going on.

Cat - yes, SAG was commenting on what TPG said. I am still on SAG's side (see no good reason why to support TPG) . Clearly no matter what say, you will disagree, that's fine. You are the one who attached me here first, calling names.

TPG are just a bunch of people who dont get it and hide behind, thinking they are worth more. They could get paid very well for making this transition easy. Surely they will be set targets to hit and be awarded for that. They failed their own shareholders so dragging this is not heling. Their own tiny holdings would be repaid to them at 6.5p, however the longer this goes on, the more likely they will get less and still be fired most probably. Cannot wait for the October vote. Hopefully they will get it then.

When would this come to play, since I am not a lawyer to fully understand. You mean in case of any future equity increase so they don't risk dilution?

Having very quickly scanned todays note, TPG are threatening with destroying their own company and any value for shareholders. What a bunch. They are not willing to talk, are stuck with their bad attitude. And yes, this could all end up badly for everyone if the worse case happens.

Surely if indicative carried less weight they wont begiven a deadline of 11 Sep

I thought it was just six

obviously I am assuming they will hit 30%+ ownership

yes, it was an indicative offer. Arent they only allowed to offer minimum 6.5p, highest price paid by them for TPG's shares during the last 12 months?

well, if no extension granted, the Oct 1 vote will go in SAG's favour. More holders may sell to them after this, as they will not want to wait for the 6 months to run out and when we eventually get there it will be a very simply vote

I think so too however wont they have to wait 6 months before making the offer again? (Their deadline will run out before the vote) Unless they are granted an extension by the Take Over panel

this will just aggravate the commie cat

hmmmmm, let me think.....................................that's a hard one.................................................hmmmmmmmmmmmmmm................I am not sure......................hmmmmmmmmmmmmm............I got it.......no.....................really? ......................wow.............................................are you sure?.............................................................I am not sure..... any idea?

Scrodingerscat - just keen on typing, I don't care...

and be quick, because 26% of them already made up their minds....