Just imagine how happy some cretins would be if they were responsible for some missing the takeover on this one.
Unfortunately in life not all are good"uns
I don't think I am.
You either believe it will, or will not come off.
The way some are talking,there cannot be a genuine reason they are still holding. They are just here to course trouble not to raise realistic points.
Bozi
It makes sense to me, if someone is positive that they Continue to hold the shares.
It makes no sense that if they believe the company is doomed that they continue to hold.
It's a big difference.
One appears genuine one can't be.
Surely if they believe the company is in trouble they would sell now and be gone.
Why would we need FT when we have your expertise for free every night.
I see this FTSE 250 company as a top takeover target
Cliff D'Arcy
24 April 2023, 14:11
Image source: Getty Images
Hardly a week of 2023 has passed without another takeover bid arriving for a UK-listed company. And since 2021, a string of FTSE 100 and FTSE 250 companies have attracted merger and acquisition activity.
Selling the UK cheaply
With the UK stock market looking cheap in historical and geographical terms, foreign bidders have flocked back to these shores.
Over the past five years, private-equity firms have spent nearly £80bn taking UK-listed companies private. And with the pound worth $1.24, deal-making by cash-rich US groups is rising.
At end-2022, the private-equity industry had a record $3.7trn of dry powder — that is, investable cash. Partners in these firms are keen to invest this money and earn higher management fees.
The buyout boom is back
With both stocks and bonds recording big losses last year, 2020-21’s frenzied deal-making dwindled in 2022. Yet the past week has seen approaches for several UK companies, mostly in the FTSE 250.
Obviously, bidding groups aim to buy companies trading on low or depressed valuations. After taking these businesses private, they cut costs and hope to drive up growth, generating big profits for partners.
When bidders launch takeovers, they usually offer large premiums to companies’ previous share prices. For example, way back in 2002, I bought shares in one UK-listed firm. The next day, a US giant bid to buy this company at a price 25% higher than the previous day’s close. That was nice.
Could this FTSE 250 firm be a target?
At present, my wife and I own three FTSE 250 stocks — and I think one might attract bidding attention from larger US rivals or buyout firms. The company in question is ITV (LSE: ITV), owner of the UK’s largest terrestrial commercial television network.
My wife bought ITV shares last June at 68.7p a share. As I write, the share price stands at 82.4p, up 20% since we bought. But I expect much bigger gains from this mid-cap stock in future.
Three reasons we bought ITV
We bought ITV shares because they traded on a low price-to-earnings ratio and high earnings yield. Even after recent rises, these numbers are just 7.8 and 12.8% — far cheaper than the wider market.
Also, ITV shares offer a market-beating dividend yield of 6.1% a year, covered 2.1 times by historic earnings. To me, this income is a nice reward for owning this stock.
Third, with a market value of £3.3bn, it could be a tasty morsel to be gobbled up by, say, a giant US media company or buyout group. Were this to happen, I’d expect the firm to be valued well over £4bn.
Who needs a takeover?
Of course, any potential bid is pure speculation on my part and I don’t buy stocks just for their takeover prospects. Then again, on market rumours of a coming takeover, the share price did hit a 52-week high of 96.62p on 9 February. But I don’t care if an ITV bid never arrives. T
What I'm looking forward to most. The sale RNS or the plebs not posting anymore from that moment, as you can bet your bottom dollar they won't.
Talking of Mather.
Has anyone heard from the chancer recently?
He would mumble the same ramblings over and over again.
Multiple exit points, majors on board, major in the making, blind Freddie etc etc, now not a peep in ages.
Shameful nicky boy, shameful
Even if there was a target date, would it actually mean anything with this company?
Their record on timelines and dates is actually laughable.
If everyone reports needy for clear disruption, we could easily see if he is working for LSE or not by seeing if they bin him or not
Good point Quady
Guys I just reported a troll for being abusive. It was fun. Join me!
Another thought
If everyone could report all of his posts as disruptive then he should get banned if LSE are genuine. And all those that object on free speech matters etc, come on, fight fire with fire. This guy is clearly just here to course trouble, even the most wokeist of wokes must be able to see that.
It's not desperation.
It's common corporate practice. Not all take overs are friendly
Warning
There is a cretin on this board in full attack mode, literally here 24/7.
Payed for by LSE? Or as some suggest trying to bash the price by attacking PI's.who knows? Hopefully a sign something is brewing.
It would be great if we can all ignore or filter.
I personally never engage the trolls directly.
Despite all the "balancing" views from needalife funny how he still supposedly decided to invest lol
The pros must outweigh the cons one would presume.
Or more likely he does not hold a single share.
In an ideal world, everyone would just filter 1981 and needalife and the cret#ins would be left just talking to each other.
Come on guys. Its over now. The olive branch has been offered. Time to move on. More interesting things to discuss now.
Redknight has about 10% and rest of us about 5%
Market expecting an offer?
Any smidgen of news and this could pop.
I think the 1.9% figure relates to direct ownership. They say does not include 3rd party ownership ie Nicks holding via DGR
We have suddenly found ourselves in a good place.
The recent pick up in M&A in the sector will serve us well. Glenmore, Newmount among others all looking to do business and more than happy to come back with bigger offers once rebuffed.
The market knows solg is hot properly and is marking us up accordingly.
Hopefully this is just the beginning.
The haters are here in force which is always a good sign.