Member Info for Lasvelas

Exactly. In capitalism, the shareholders have a say, and if they vote against, it is what it is. So go and influence the big boys to make sure it happens, if you believe in it. The retail people will have little impact on this.

fatoomch - I am with you on that. There is price for everything (sadly) and holders are selling out little by little. The big holders will vote for a change and that starts with the BoD. Let's just wait for the results.

I must have touched a soft spot Scrodingerscat! Cannot wait for what the FCA says to you. Do let us know! And just because I have not been registered here for long is a sign of what? A closed mindset !!!

SAG is doing what they are allowed to do. TPG share price have gone nowhere. Directors down own the company anyway, they are all scared to loose their job and now they are trying show they care and deliver on results. Too little, too late. I will vote with SAG. These boards for anyone to make a comment and express their views. Clearly Scrodingerscat prefers to live in communism.

Boom! Brilliant update from SAG. In your face TPG!

I think this was a a strategic pull out to scare the big holders and pressure them to sell to SAG in advance of the timeline running out. I think there is still a (small) remote chance that an offer could be made next week. Who knows the take over rules? Is it 6 or 12 months the period of time in which they cannot make another offer?

probably, they will blame SAG for not doing what they asked for... waste of time.... H1 results due on 14 Sep

stokey, as I said, happy to be wrong... the share price is clear indication ... if the upcoming results are not impressive it will dive down further.... or may ever pursue other holders to sell out...

SAG needs to pursued M&G to let them buy their shares with a side agreement protecting them that if the offer was ever to go above 6.5p they would compensate them for that. That way M&G would get comfortable to flog their chuck and we would move forward.

Morons. totally agree, let SAG pick up more cheap shares and let them offer less then 6.5p again in due course. what a bunch....

Yep. Great results. Surely this has legs to run ...

Stokey - maybe I am wrong but I think they will. Why use all this capital and not give it a go. I believe they will do it.

BarcelonaBill. I dont think so. Institutional investors have their own rules they have to follow. They will not sell to SAG directly unless they know SAG will make a bid for TPG at 6.5p for sure. Promise is not enough. So they are holding on under official bid is made. Obviously certain institutions have the ability to overwrite this rules. I am not an expert but I believe the take over bid will happen.

They have another week and a bit left before their time to make a bid runs out. Somehow I think they are working on something. Surely they will not let this slip without further fight after committing chunk of their company cash to buy nearly a quarter of TPG. Let's stay hopeful and remain patient...

Maybe the final beneficiary is not Octopus and they did not receive permission to flog them.

dont think so, just a chunk above market size traded at 6.5p

Disagree. Reading from the 2020 Annual report. P Cartmell earned 428k and D Stroud 256k in total compensation in 2020, both are the executive directors of TPG. The group did not make any profit for the past 5 years ( a very tiny one in 2018) with negative return on equity and capital. Paid zero dividends and I dont care that they may possibly have a good quarter or half year now. It could all go downhill again in the next quarter. I do not believe they gave up or reduced their pays during the covid period to support the business and shareholders have not seen share price appreciation.

they will then officially launch the take over offer. are they gonna hit 30% today, this week or next, remains to be seen...

Well. If TP's board is confident there is much more value they need to demonstrate it to SAG. I doubt SAG would not want to pay for it and get it on cheap. The big shareholders want out, they had enough. M&G probably wants out too at 6.5p but is probably not allowed to take a bid directly from SAG and can only ne take out in the official take over offer, it is probably their internal rules.

they could have issued a trading update on how great they are doing to make the market aware and to show that to SAG. there is no requirement on how many of these they can issue, but sadly there is probably not much positive to show.