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nice move - sadly I am already fully loaded in BMK so won't be joining you Still, results tomorrow may perk things up a bit. Volumes traded are really low so nothing really to panic about, unless there is a bombshell tomorrow. My view, given the recent placing size at 86p, is that it will be all good news, or the CEO will seriously cop for a beasting from the institutions who chucked in $300m just a few weeks ago....
Yep, BMK with a mkt cap of £425m is not something I expected when first investing back in Dec 13. Results should be due out w/c 25th Jan and I expect big news on performance of last year's acquistions in terms of EPS growth. That should be the catalyst for upward movement, which should be sustained with good news flow on other products (like Hypocat / dog etc) UNLESS there is another dropped ball........ Next stop a full listing !!!
The securing of funds is all done, but indeed a Yes vote is needed on 29th. However, the RNS states irrevocable agreement from 85.41% of shareholders (who by volume will be the institutions picking up more in the placing) so it is a formality - there is/are no scale holder(s) out there who can swing the vote. Salmon kedgeree for brekkers for me !!
....and there it is, done by close of the year as predicted !. Fantastic deal i.m.v and shares unblocked as from this morning. Tricky time in the markets just now, but this is a mega-deal and I hope it gets the reaction it deserves. The fact that the placing got away at this level shows the institutional interest in BMK which is great news, and at this new size BMK should be heading for the main market listings and become traded at greater size / frequency. Happy Days, and I am in....
how low the offer is from Cathexis this morning. Hopefully enough disbelievers have already sold out after panicking on the latest news and common sense will prevail with a NO vote, at least until a realistic price is offered up. I bought in very low on this one as a recovery play, but still wish for the chance to see it recover and not to see someone else make a killing over the next 3 years. Greed is the killer emotion in shares eh ? If only I had taken the £2+ profits and walked away............
just like Xmas ! Time is tight, but just enough still for BMK's end-of-year deal, just like the last two years. My view, it will be out before the week ends..... Fill your boots and get ready to see the SP fly (unless the update on last year's deal is rubbish in which case sell your pressies to cover the losses !) My view for what it's worth is that it will all be good stuff.......
I think things are about to get lively any day now.......
Would have preferred to have stayed invested for the long term, but given all the circumstances it is the best outcome. Just hope the capital return is done swiftly in order to get re-invested - cant be doing with hanging on for months now.
Probably good that the shares are currently suspended given the RNS. Market would probably punish SP hard when words like "delay" and "disruption" are used regarding sales, especially after the last Chilean sales "adventure".
Bit more from "TheFis****e" oops ! BMK are a bit top heavy on Directors for size of co. / no. of employees (a ratio of about 1:9 !!) but this seems a positive step in line with the latest acquisition target Robin Wardle Joins Benchmark Animal Health to Grow Aquaculture Health Offering - See more at: http://www.thefishsite.com/fishnews/26612/robin-wardle-joins-benchmark-animal-health-to-grow-aquaculture-health-offering/#sthash.K22heuzU.dpuf
Haven't been able to find anything more via Google but these things can take a long time- CVR's reverse takeover of Matthew Clark took 2 months. Just hope they don't drop any more sales balls during negotiations - can do without another Chile killing the SP. On the upside, surely must be due some Hypocat news soon ? Plenty of other good stuff inside BMK that has potential to drive growth and fill up the buckets with shiny coins...
Major buying (852,000) by NEDs today suggests high confidence the deal will be voted through. Think your 10% is pretty safe Stevey -what to spend it on eh ?
IC & Thompson are a useful source of info helping make investing decisions, but not a decision maker. People seem to religiously buy into any article he writes, usually at a rising price in an illiquid market, then get disappointed when prices normalise. Rather cynically, it is possible to trade shares based on gambling on his next article release and the impact is has on SP - TSTL is a co. that springs to mind on this one. The joys of spreadbetting eh? Anyhoo- he published an article on 20th Oct which ends with: So although the investment has not worked out as I had planned, I would recommend voting for the disposal and continue to hold Greenko’s shares as I firmly expect the share price to rise to around 100p before the end of this year. Hold. I have already cast my votes....
I think you will be in for a nifty swifty 10% - nicely played. Only 50% approval is needed by shareholders, and all the analysis and commentary is strongly in favour - but never say never ! Plenty of people hacked off at being robbed of a great investment potential (me included having been in this for over 2 years) but clear thinking is needed - do we want dilution down to 40p and hang there for a year or 10, or £1 back and move on......an easy choice for me.
It's only insider trading if acting with "inside" knowledge. The RNS is clear in terms of the deal so I guess he just took the slight gamble to buy before the price moved up in line increasing expectation of a done deal. We could all have done the same..... Am still kicking myself for not being bold enough to double up my position when SP fell to 42p - had I done so I would have been in happyland rather than booking (yet) another CGT loss for the year.
Deal proposal on the table and 98p plus possibly a bit more coming back. Better than it could have been, but a real pity that capital structuring issues mean this ends up like this. Helluva deal for GIC, kick in the nuts for PIs - but better this return than a mahoosive dilution. I will be voting for.
Found this from earlier this year, but it doesn't add up financially to make it a reverse t/o - too small based on BMK current mkt cap: Must be missing something..... (SeeNews) - Jan 7, 2015 - Dutch financial services provider Rabobank and UK'sA Royal Bank of Scotland Group plc (LON:RBS) are expected to launch the sale of Belgian feed producers INVE Aquaculture and Nutriad during the first half of this year, Mergermarket reported citing industry and banking sources. The two sister companies once operated under the umbrella of INVE Holding, which was taken over by Rabobank and RBS last year as part of a debt-for-equity swap. Following the EUR-47-million (USD 56m) deal, the banks transformed INVE and Nutriad into separate legal entities to expediteA their divestment, Mergermarket said. Since Rabobank and RBS were reluctant to take control, they are looking to quickly exitA INVE and Nutriad, three sources told Mergermarket. Nevertheless, the banks have proved good custodians: under their ownership, the two Belgian companies have experienced a revival and will be attractive assets to acquire, one industry sourceA noted. INVE and Nutriad have combined EBITDA of around EUR 30 million. INVE specialises in food ingredients and supplements for fish farms, while Nutriad deals mostly in livestock and poultry feed. Their anticipated sale has sparked the interest of trade buyers and financial investors. A person close to the vendor camp told Mergermarket that the Belgian enterprises should draw the attention of industry players and private equity groups alike, adding that the companies are aabsolutely strategic assets.a The sources listed several industry representatives that would be expected to make a move. Among them is US agribusiness conglomerate Cargill Inc, which would benefit from the targets' know-how. INVE and Nutriad are also likely to attract the attention of Dutch sector players Nutreco NV and ORFFA, Mergermarket was told.
Yes it is private - a Belgian company with a BV suffix, same as .ltd in the UK. Possible cause for concern if essentially it's a private equity company selling out to a PLC....... but we're in for the ride now regardless.
Am trying to find out which co. the "speculation" refers to, but no luck yet. Think it will be a lengthy suspension given the statement "The biotechnology company said trading in its shares will be suspended until an admission document is published in relation to the potential acquisition, or the talks otherwise conclude." Their acquisitions so far have been tactically good, if yet to generate earnings increase, but will this mean more eyes-off-the-ball and further sales issues ? Having met the top team several times now I remain a believer - just - so await news with real interest.
or the price will tank back to 40p or worse. With £210m of convertible debt now in play the dilution impact would be massive at current SP. Fingers crossed for 85p per share returned or better to at least recover some capital. Great shame as I really believe in this one, but have been well & truly caught out by events and now can only look back at 2014 and wish......