Member Info for mike1974

Thanks for that PP, let's hope the acceptance level stays that low!

Have any acceptance figures been shown to date? I've not seen any.

It was a total dereliction of duty for the Board to have accepted the offer in the first place, either they're embarrassingly incompetent or they were offered an "incentive" to accept and recommend the offer.

I don't see any point in selling at all right now, I think theres only two likely scenarios from here on, either his offer gets accepted and you get 370p or it gets rejected and he comes back with an increased price.

He's come this far and acquired so many shares anyway I think it's extremely unlikely he's going to just walk away if his offer is (hopefully) rejected.

And even if he did walk away I think there's hope that common sense is at last prevailing and the USO is going to get revised meaning a more efficient and profitable business further down the line.

An absolute disgrace that the board accepted this derisory offer, it doesn't even reflect the value of the company right now never mind once the USO gets reformed, which as has been obvious for some time will inevitably happen.

Bigtimebilly - The chances aren't zero if the II's reject his current offer.

Unfortunately as has been said many times with the corrupt manipulation that this stock in particular has been subject to, I expect those II's have been offered an "incentive" by DK to accept his current offer.

This stock has been heavily manipulated since day one of the IPO, I'm surprised its taken this long for you to realise it.

Why would they rise above £5 when his paltry offer is only 370p?

Let's just hope the big boys reject his offer and he's forced to up it, although given the secret talks he's already held with those big boys I expect he's offered them some form of "incentive" to accept it.

JB - I suppose it just depends on how potentially lucrative the "incentive" they've been offered is, versus rejecting his bid and waiting for further improvement and increased value from IDS as is.

Redceo - I've been saying for a while what possible reason could DK have for his holding secret talks with current institutional holders of IDS shares in order to get them to accept his bid?

The only possible explanation I can come up with is that he's offering them some form of "incentive" in the form of an opportunity to make money and get preferential treatment in another time and place if they accept his offer for IDS.

Absolutely crazy if this takeover goes through at this price with the 6 day USO still in place, as soon as that gets reformed, which it will, DK will instantly be in ownership of a much more viable and profitable enterprise.

Surely the substantial expenditure on an acquisition such as this makes no sense at all whist in the midst of a takeover bid?

The only person who's going to potentially benefit from this outlay and investment will be the new owner DK if the takeover goes ahead.

Time2kill - In what way have RM supposedly killed of the UK's mail service?

By continuing to provide one of the most cost effective and comprehensive letter delivery services in Europe in the face of well over a decade of consistently and drastically reduced demand for letter delivery perhaps?

Dull? Are you kidding?

This stock has to have been one of the most volatile and unpredictable stocks on the market in the last decade thanks to the corrupt Market Manipulators constantly driving the price up and down.

It's been an epic roller coaster ride!

You're better off going to the RoyalMailChat forum, this is a forum for shares discussion.

It's bad enough around here as it is for posties talking about anything directly relevant to the share price.

The current board have no choice but to increase the price of stamps when faced with such utter intransigence and obstinance from ukgov and Ofcom in terms of reforming the anachronistic USO.

To further add to the talk of corruption I wouldn't be surprised if DK's ongoing private talks with the Institutional Investors involve him offering them some deal whereby if they accept his 370p bid for IDS he'll give them the opportunity to make a nice little earner further down the line elsewhere in the market.

I can't see what other point there would be in him holding private talks with them.

Not delivering second class on a Saturday, that's the best they can come up with!

It's barely even worth implementing.

The USO needs much more realistic reform than that.

Time 2 Kill - I firmly believe DK walking away would be the best thing for shareholders rather than his derisory offer being accepted.

The cynical side of me thinks that he has been largely responsible for the manipulation that this stock has demonstrably been subject to in recent years as part of his long term aim to aquire the company on the cheap.

With him no longer pursuing an interest in acquiring the company for peanuts that manipulation will no longer be happening, in fact he could do the opposite and use his influence to push the IDS share price up, a classic pump n dump if he wants to offload his considerable holding.