Member Info for losecontrol

I think they can force it through unfortunately. This is what I received from my broker…I think I’m going to accept it today/tomorrow unless someone gives me a good reason not to, it’s a shame but think the takeover is inevitable.

“Further to our previous correspondence of 24th May 2022, as at 4.30pm on 26th May 2022, Inframobility had received valid acceptances of the Offer in respect of a total of 459,423,863 Stagecoach shares, representing approximately 81.75 percent of the existing issued share capital of Stagecoach. Accordingly, the Offer has been declared wholly unconditional and will remain open until further notice.

As the Offer has been declared unconditional in all respects, Stagecoach intends to procure the making of an application to the London Stock Exchange (LSE) for the cancellation of trading of Stagecoach shares on the Official List and for the cancellation of listing of the shares on the LSE's Main Market for listed securities. The Cancellation of Listing is expected to be on or after 27th June 2022.

If Inframobility receives acceptances under the Offer in respect of, and/or otherwise acquires 90 percent or more of the Stagecoach shares and assuming that all of the other conditions of the Offer have been satisfied or waived, Inframobility intends to exercise its rights pursuant to the provisions of [sections 974-991] of the Companies Act 2006 to acquire compulsorily the remaining Stagecoach shares on the same terms as the Offer.“

I agree, have done the same and got in a little while ago under £3. A year from now, assuming no wider market downturn, these shares will be back up…

Any public reason for the rise this afternoon all of a sudden after 2pm?

My speculation (and only that) was buying pressure from one of the American activist investors?

…but I guess if that’s the case we won’t know for a few days until an RNS is published.

What’s going on today? Saw some price target upgrades but presume something else is going on as they are far outperforming peers?

Can anyone confirm I’m right in thinking you can’t put these into an isa straight from the placing?

They’re flying!

Odd re lack of RNS!

Hood stick

=

Good stock

(Sorry predictive text!!!)

Anyone found any news triggering the surge upwards this morning (esp at 10am)?

I know it’s a hood stick (holding on for much bigger gains) but wondering if some news was announced as it’s up much more than the peers I follow?

Thanks lynx. Perhaps, although I don’t see that as being any more extreme than current arrangements and I thought the vast majority of their revenue was protected into next year?

Thanks didn’t realise it was the AGM today.

Silly question but do you know how to get an invite to this...I am a shareholder but shares are held on a platform online and I don’t get invites to things like that? (I’m assuming it was virtual this year but in any case would still like an invite)

Long term holder here, trading dips, sold out earlier today hoping to re buy and the price has plummeted in the last half hour...can’t see any news, anyone know what’s happened? I understand this is a share with big swings but seemed unusual just now.

Thanks

But what about the company’s listed status? Whilst it may be good for creditors, what about shareholders? It may mean the company keeps going in some shape but if all shareholders lose out then I can see why some will want to sell out now to de-risk?

Happy to be taught about the CVA process if you know more re the above...

I’m a long term holder but concerned that a CVA would mean the shares are delisted and we get nothing for our shares? Please can someone shed some light / reassure me?!

Surely something else going, this sudden rise this morning and now in the last half hour isn’t just people realising all of a sudden that they are undervalued?

Any idea on the sudden rise in the last hour? I accept there is still a way to go until it reaches it potential but wi seeing if there was some news just released?

Thanks yes I agree with what you say, slightly mixed emotions too.

I’ve not had one if my shares bought out before except Zoopla but sold out as soon as it went up as I thought a risk it could fall through.

Won’t we just get 345p per share in a few months time, nothing else? So why not sell now if you can get that today (and potentially reinvest too)...would you only hang around in the hope of a counter offer?

Any views on a counter offer? I’m tempted to sell up and bank the profit but would be interested in other views...?

Agreed. All seemed a bit too cautious(ly optimistic) this morning.

Results on Thursday...with the housing market momentum carrying on since their last announcement, fingers crossed the dip today was more the wider (stock) market and Thursday will be a nice blue day!

Do you know if it would delist on a CVA scenario?