Member Info for MrSpeculator

2p*

No idea what the offer price will be but the shareholders deserve a good outcome here.

If anyone had told them a takeover offer was coming today, they would have taken it.

I always said there were several options on the table. The only question is whether anyone comes in before Morrisons try and tie this deal up.

Everyone is more hopeful today than they were yesterday, that is for sure.

Even this morning some, had the chance to buy at 0.74 and trade out just under 2pm. So there is always different ways or trading a share.

A share does not go from 60% opening down to 60% up before suspension. As I have always said, read between the lines and join up the dots.

Good luck whether you are in or out.

I think some have mentioned any takeover deal would have to go to the shareholders for approval.

Furthermore, it will need to be a decent premium to the latest price, to get it through the approval.

Next steps will be for the company to make a statement confirming it now has one OR more offers on the table.

Ideally the Issa brothers come back in and have a tussle with Morrisons or another party comes in, so we get a decent price.

Extract from the Sky news article today

"In addition to the interest from Morrisons, EG Group, the petrol retailing giant owned by TDR Capital and the billionaire Issa brothers Mohsin and Zuber, has also expressed interest in a deal."

Of course it is pure speculation!

Official List Suspension - McColl's Retail Group plc
06/05/2022 12:35pm
UK Regulatory (RNS & others)

TIDMMCLS

RNS Number : 6467K

Official List

06 May 2022


NOTICE OF TEMPORARY SUSPENSION OF LISTING FROM THE OFFICIAL LIST
06/05/2022 12:35
TEMPORARY SUSPENSION
McColl's Retail Group plc
The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below
from the Official List effective from 06/05/2022 12:35 at the request of the company:


Security Description Listing Category ISIN
Ordinary Shares of GBP0.001 Premium Equity GB00BJ3VW957
each; Commercial Companies --
fully paid
======================= ==============
This notice has been issued by Issuer Management - 020 7066 8352. Notes

SEDOL numbers which are allocated by the London Stock Exchange as a Stock Exchange
identifier
may be found on their dealing notice.

--Denotes the security is being admitted to trading on the London Stock Exchange, a
Recognised
Investment Exchange.

Denotes the security is also being admitted to trading on Aquis Stock Exchange, a
Recognised
Investment Exchange.

#Denotes the security is also being admitted to trading on Euronext, a Recognised
Investment
Exchange.

Denotes the security is also being admitted to trading on Cboe Europe, a Recognised
Investment
Exchange.

^Denotes the security is also being admitted to trading on Shanghai-London Stock
Connect,
a Recognised Investment Exchange.

*Denotes the security is also being admitted to trading on IPSX Prime, a Recognised
Investment
Exchange.

Notices issued by the FCA in respect of admission of securities to the Official List
must
be read in conjunction with notices issued by the relevant Recognised Investment
Exchange
in respect of admission of securities to trading on its markets.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

Do we get a takeover announcement?

The first thing I want to say is "only invest what you can afford to lose" on any share. It is boring but an important point.

Everyone invested here are grown ups and realise the risks here, if they are invested. It is high risk with a potential high return. But equally if there is no last minute saviour then shareholders could lose everything.

So the points made above is we need to be BALANCED.

No one made big gains acting with the herds. There are times when you have to be brave (or crazy) and go in the opposite direction of the market. If the rescue package does comes off to the benefit of the shareholders, then no one can say they did not get great average down opportunities here.

I personally have never seen RNS's along the lines of what we have seen here as there are things commented on, which would not normally be referenced. An outsider looking in, might conclude that it is almost in someone's interest to downplay the prospects of a rescue package, in order to keep the share low ahead of a rescue bid.

Irrespective of how smart people think they are on this board, both the for and against, this is not a done deal yet or a dead duck. You would not see the SP maintain this floor of 1p and strong buying into the sells if this was a dead duck.

The BBC are known for reporting some stories after the event, as they prioritise what gets reported when. So I would not take any notice of what they have put out. As a BBC news report on a Thursday can sometimes be reporting Tuesday's actual events.

Either those in this share have got things horribly wrong OR they have read between the lines and joined the dots. This right now does situation does not ADD up, when you stack up the numbers and the company value. So personally those in this share, are still in the game, however slim people perceive a rescue package to be. I hear the points about the debt but that can be serviced off these profit levels.

Things move fast in this game and the truth is no one really knows the outcome of this one, but we could be days away from knowing either way.

Cases can be made on both sides in respect of this one.

Good luck whether you invested or not.

A rough and ready recent timeline and what we have seen:

- A month or two ago, the SP was at 7p when the other party pulled out of Takeover Talks. What would the takeover price have been 10p/20p/30p? Who knows. There would have been a good chance the company could then be turned around as a lot of errors have been made in the way things have been run to this point. So medium term value would have moved the SP potentially quite a bit higher.

- When the takeover bid fell apart, there was a sensationalist news reports (won't mention who did it) even though we know who it was. The SP then tumbled from 7p to around 3.5p and then navigated to around 1.4p a few days later. It made it back up to 5.5p and then regressed based on numerous unhelpful RNS's, where they put out more info than would typically be done in this situation

- While all the above was going on. Morrisons and the banks tried to cut a deal to take a hit on the debt of this company but that would have scr**ed the shareholders out of there shares. Hence that wording or little or no value to the ordinary share. The banks did not like that proposal, plus they would have needed to put any debt write off to their shareholders. So that seems to have been parked. Hence why this SP has not tanked beyond 1p to this point and when it has, it has rebounded quickly.

- The banks are now putting the feelers out there for other takeover/buyers. Even the previous bidders will be sniffing around as they can now table a lower offer bid off these SP levels. An onlooker might even think that when those takeover bids fell down, they may have still been interested at a lower level which may not have been acceptable. The subsequent events mean they may well be able to get that lower level bid through now.

- Currently you have Morrisons with a vested interest, the banks, and other bidders who are quite clear this company is now too cheap. It is a £1bn turnover company. With a value of around £3-4M. Debt of £200-300M. Profits of £20M. The company is still fully trading.

It is a gamble and could go either way. It is not a done deal yet in terms of the boom or bust.

There is a lot of media speculation here. Granted the company have not helped with the negative spin on things. We could be hours or days away going by the media. Either it has gone pear shaped for the shareholders OR there is another twist in the tale.

A takeover bid is still in play. Had Morrisons and debt reduction been most popular option, it would take have taken weeks, hence the June suspension to conclude it. This now feels like we are days away, so there has been another development here.

Good luck whether you are in or out.

Has anyone got the platter for his b*lls?

Sorry Neil it was a bad joke but I could not resist :)

Yes it was a 1M volume buy at 8.52am today

Rescue takeover bid looks on the cards....

Spread is now 50%.....

The MMs must be having a field day

Actually in the interest of being honest, there have been very few trades right now, and the spread was 35-40% so no one would buy with that kind of spread!!!

Watch and wait. Once the spread narrows, let's see how this actually plays out.

I have not expressed an opinion on whether people should buy or sell, so no I am not ramping. I am balancing things.

I am simply saying more than one option is on the table.....

Let's just let it play out over the next few days or longer. Those in this share have been brave or crazy enough to this point. Everyone knows the risks with this one. So it is up to them to make the call on whether they have a punt or not. As you know the SP has moved from 7p to 1.4p and back to 5.5p. So despite the doom and gloom people have already had the opportunity to make profits. Others may want to watch from the sidelines and others might want a punt. It is there choice. Not mine or yours. I have not said buy or sell. Simply said let's see which option comes through.

If you call this one right, then fine. But my point is that you have no more information than the rest of us.

So let's just keep things balanced on this board.

Hi Neil,

I do not dispute this is a risky play.

On your administration point. Given the debt write down by the banks and Morrisons is not something the banks are interested, then we are at a crossroads. The company will either get a takeover bid or go into Administration.

The little or no value to the shareholders was based on the banks and Morrisons doing a debt write down deal.

The company is not going to run out of money in the next few days....from what I can see as an onlooker. It is just my opinion. It is still fully trading. I could be horribly wrong. None of us really know. So what that tells us is that we are either going to get news of a takeover bid/rescue bid in the next few days if we get an announcement in days. Or we would roll towards Administration in weeks.

So my point is, there are 2 options actively in play. The negative posters are making it out as if there is only one play. This is not the case. If anything, the takeover bid is now more likely given the banks do not want to do the debt write down with Morrisons.

The RNSs have been unhelpful and bewildering. There is more at play than meets the eye here. From the outside, it could appear the SP has been kept low ahead of a takeover bid. We will have to wait and see, but both options are in play. So I am not saying your Administration point is not an option. However, you have nothing to back-up a Takeover bid is not a live option either off these SP levels.

As I say, I respect whichever way people want to go on this share and wish people luck either way.

Thanks Hazby,

As long as those invested, know it can clearly go either way, as can any share, then I think it makes sense to keep this board balanced. The RNS's and press have not helped, but this could still go either way.

So for those still in, do not give up hope, as there is more than one option in play here and there seems to have been a development recently, if you read between the lines on the timelines that were previously being worked towards 2-4 weeks and the latest timelines going by the press speculation, which indicate days.

The company is not days away from going under. So if we are going to get an announcement in the next few days it will not be a negative one, as the negative announcement for shareholders would have come within the 2-4 week framework, hence my latest post.

We all know this is a risky play. But high risk can either go bust or bring a high return.

Good luck either way.

A rough and ready recent timeline and what we have seen:

- A month or two ago, the SP was at 7p when the other party pulled out of Takeover Talks. What would the takeover price have been 10p/20p/30p? Who knows. There would have been a good chance the company could then be turned around as a lot of errors have been made in the way things have been run to this point. So medium term value would have moved the SP potentially quite a bit higher.

- When the takeover bid fell apart, there was a sensationalist news reports (won't mention who did it) even though we know who it was. The SP then tumbled from 7p to around 3.5p and then navigated to around 1.4p a few days later. It made it back up to 5.5p and then regressed based on numerous unhelpful RNS's, where they put out more info than would typically be done in this situation

- While all the above was going on. Morrisons and the banks tried to cut a deal to take a hit on the debt of this company but that would have scr**ed the shareholders out of there shares. Hence that wording or little or no value to the ordinary share. The banks did not like that proposal, plus they would have needed to put any debt write off to their shareholders. So that seems to have been parked. Hence why this SP has not tanked beyond 1p to this point and when it has, it has rebounded quickly.

- The banks are now putting the feelers out there for other takeover/buyers. Even the previous bidders will be sniffing around as they can now table a lower offer bid off these SP levels. An onlooker might even think that when those takeover bids fell down, they may have still been interested at a lower level which may not have been acceptable. The subsequent events mean they may well be able to get that lower level bid through now.

- Currently you have Morrisons with a vested interest, the banks, and other bidders who are quite clear this company is now too cheap. It is a £1bn turnover company. With a value of around £3-4M. Debt of £200-300M. Profits of £20M. The company is still fully trading.

It is a gamble and could go either way. It is not a done deal yet in terms of the boom or bust.

There is a lot of media speculation here. Granted the company have not helped with the negative spin on things. We could be hours or days away going by the media. Either it has gone pear shaped for the shareholders OR there is another twist in the tale.

A takeover bid is still in play. Had Morrisons and debt reduction been most popular option, it would take have taken weeks, hence the June suspension to conclude it. This now feels like we are days away, so there has been another development here.

Good luck whether you are in or out.

The first thing I want to say is "only invest what you can afford to lose" on any share. It is boring but an important point.

Everyone invested here are grown ups and realise the risks here, if they are invested. It is high risk with a potential high return. But equally if there is no last minute saviour then shareholders could lose everything.

So the points made above is we need to be BALANCED.

No one made big gains acting with the herds. There are times when you have to be brave (or crazy) and go in the opposite direction of the market. If the rescue package does comes off to the benefit of the shareholders, then no one can say they did not get great average down opportunities here.

I personally have never seen RNS's along the lines of what we have seen here as there are things commented on, which would not normally be referenced. An outsider looking in, might conclude that it is almost in someone's interest to downplay the prospects of a rescue package, in order to keep the share low ahead of a rescue bid.

Irrespective of how smart people think they are on this board, both the for and against, this is not a done deal yet or a dead duck. You would not see the SP maintain this floor of 1p and strong buying into the sells if this was a dead duck.

The BBC are known for reporting some stories after the event, as they prioritise what gets reported when. So I would not take any notice of what they have put out. As a BBC news report on a Thursday can sometimes be reporting Tuesday's actual events.

Either those in this share have got things horribly wrong OR they have read between the lines and joined the dots. This right now does situation does not ADD up, when you stack up the numbers and the company value. So personally those in this share, are still in the game, however slim people perceive a rescue package to be. I hear the points about the debt but that can be serviced off these profit levels.

Things move fast in this game and the truth is no one really knows the outcome of this one, but we could be days away from knowing either way.

Cases can be made on both sides in respect of this one.

Good luck whether you invested or not.

Hello all,

I did warn that the management of this company seemed to be failing to deliver in my previous posts.

I am gutted this share has fallen to this point.

Hopefully the company can turn things around as there is still promise.

They over promised and under delivered previously. Hopefully they will deliver value for the their shareholders.

Me posting on here and when the share is not even trading is hardly going to get me an entry point.

As for Mikey279 - provide me evidence to the contrary that Avacta is delivering on time? A more mature reply that just berating the poster is not a lot to ask

Jvetch,

You make my point very well. What date was that post?

My point being by my rough estimate that post was months ago correct? And we are still here today on 17th March 2021 waiting for Avacta to get their rapid Antigen test to market.

I want the company to do well more than many but I just have an issue over their credibility.

The key word is IF in that post below from my earlier work.

I genuinely hope Avacta get their act together as they were "talking the talk" right from the start. At the same time NovaCyt were doing their thing. I hope this share gets its Novacyt but it is annoying to see a share like this have early mover advantage and squander that away. But time will tell.