Member Info for Newdealz

Hounddog - i greatly appreciate your advice, i am not ashamed to get things wrong and thought it might benefit this board to mention this problem as I am sure i am not the only one feeling a little annoyed.

You have been very generous with your time and knowledge thank you again, i have emailed my broker for further confirmation, i am expecting some back and forth now, i had previously told them i had spoken to Equiniti since then i have now been told yes i could reverse to 'do nothing', so as you said i am now pointing out the exact pages of the corporate action and reversal process and an explanation.

Lets see what they say, i will update this thread when i get their reply.

Just thought others might be interested to know, ive asked my broker if i can reverse my vote they have come back and said yes they can after waiting a couple of weeks for a reply. You dont go back to unvoted status but they will switch to the default which is 'do nothing'. This does put your shares at risk if they dont reach the 90% but gain enough to buy out those who said 'yes' to the take over, and i dont see any new offer coming until all the regulations are satisfied start of next year.

There have been no mention of any charges as of yet, i am also thinking if you sell up and buy back you will regain the vote again once the suspension is lifted and new timetable for completion announced.

Hounddog, appreciate your opinion on the sell and buy back to regain the vote?

NDz

I was prepared to wait till the new year for resolution but the end of next summer is too long imo,

Thank you hounddog - you are right you can reverse and as you said not so easy with a nominee broker, not sure on what happens if you get a chance to vote again or they just take it as an abstained vote?

Im not overly bothered to have money locked in here because everyone is going to have to vote at some point one way or the other and the market could easily take a nose dive if Starmers budget is bad, we should see a stable price here though regardless of what the wider market does.

@Hounddag - thank you for response, i was going to post back having realised my error with the date, late night browsing i read the wrong date from the latest corporate action 20/09/24

I stupidly accepted not understanding that the shares would be locked away after the deadline, ive previously took part in several of these buys outs\take overs in smaller AIM companies in the past and never realised this was the case that the share would be held and untradable.

I cannot see how legally they can do this and then suspend the vote, imo the whole process really should be stopped and started again once all the regulations and correct timetable are in place.

Am i right in thinking that all share holders will receive the same value for each share regardless of when they vote IF the deal goes through. All shares are of equal value regardless who own's them's or when they accept the vote if the deal goes through?

Hounddog - it says on the corporate action the deadline is the 20th September, so if you havent voted by then im guessing your broker will take a default vote on which ever it is set to yes or no or abstain? Or has the vote by date now been negated by the offer suspension?

If no default is taken what happens then the shares are still trading but if the deal is done but not with total voting for clear buy out of all shares you get stuck with untradeable shares?

@mike - this stock is ripe for short sellers, DK doesnt need to manipulate it, with the likes of DW and the union doing all they can to run the company into the ground or back into government ownership there will always be big pressure on the short side, get shot of this dinosaur union and the price would fly, that is the root cause of the SP problem!

@Oligarch - more like its not what the union wanted\wants

@Boyo - i thought you saw yourself as a trader? you and i know somewhere in the middle is the real market price, not the high and not the low, thats the real valuation, the market hasnt knocked anything off the price, the pumpers just taking profit and then buying back at support, by the way the trend is up, and elliot waves dont go up in straight line....!

@keith - yes email your broker you should have had at least 2 voting corporate actions, sometimes brokers charge a service or you have to instruct them to carry out other than the default setting on the vote, this is quite an important vote so i would not leave it to default.

Again anyone not seeing the corporate action and using a nominee broker like interactive investor, hargreaves etc you should contact your broker to confirm, dont leave it to default as you may end up with share's trapped in a private company you cant shift, if DK goes private without enough % to take everyones shares, in my opinion it matters not what us PI's vote its the institutions who going to have the say at what price this goes through, personally i think hes going to have to up his offer, so get your vote in and sit back and watch or sell up on a spike.

Keith - depending on how you hold your shares you should have had it by now, log into your trading account and look up 'corporate actions' you should have one or two there for IDS..

@AL75 - "Appears volatile lately" and there i was thinking this was one of the more defensive stocks on the LSE....

@Hounddog - i was just logging on to ask you what your thoughts are on this morning rns's and timeline, no need, your on the ball as always! thank you.

Hands up whos still here carrying the bag? any sign of a re-emergence of angrybirds? hope your all well

NDz x

@Valueplay, - you have a strong track record of being bullish in a bear market from £28 all the way down to £10, slow to react, tunnel vision, whats to say you havent done the same again now? to me the long term technicals look bullish now, results improving in wider bullish market.

What exactly would it take for you to change your mind other than some of the big shorters closing their positions?

Its easy to join the gang, while i agree with you on some aspects of seeing through TS's BS, the figures dont lie and the market has go in both directions to gain more punters, bulls bears all get caught out and if the market wants to rise it will do it just as it has dropped.

It takes only one RNS any day to burn the short sellers, this share has done it time and time again and will continue to do so while there is so much shorting activity, the clock is ticking for the next rns, youve got your short squeeze off ramp so take it, keep watching those big shorts off load then OCDO will fly.

@oligarch - no its not possible i dont think

@Redceo - if and when this board gets closed down we can use anomaly boards that dont get used for chat you see them pop up all the time on the LHS '0QLN' etc etc, im also interested in some ideas for other stocks, currently holding GKP and OCADO, TW. is also a good call, depends on what sector and volatility\risk you want, TMS has probably got some good ideas, a lot of the stocks ive been watching myself and not invested in have already started making there big move recoveries so by the end of this year there wont be many good quality stocks at good prices, by the time the rates have actually started dropping the speculators will have already moved the market up, personally i think the rate drop is very soon and thats why the election is now July, someones given them the nod on the first drop all most certainly.

@simx - agreed, the guardian is a nothing article or an article designed to swing the market for their cronies in the city, nothing more, they have cherry picked words from a conversation which would of course raise concerns relating to due diligence and the buyers ability to keep up with debt repayments. DK is the perfect buyer here he is not scraping the barrel with funds and isnt going to be leaving himself short with plenty of financial backup. I couldnt think of anyone else in a better position to take on this business with his wealth and experience.

@Bres well done on selling up at £3.22 but you should have been buying back sub £3.10, personally i am not trading this just waiting for the buy out as im sure DK will get it

Agreed - only reason for a delay would be to hide the results which are likely better than expected, if they were worse it would be more likely to push through the buy out, a better set of results may see some institutions investors vote no.

There is no smoke without fire im sure it is not a coincidence....

@Red - yes i keep thinking what board are us reprobates going to congregate on after the sales, more importantly where will be taking our money next when DK pays us off?

Any recommendations anyone? only interested in FTSE 250 and 100 ;-) my call is OCADO, but im already in up to my eye balls there as its another tech giant that will benefit from the oncoming automation\robotics industrial wave.

@darbo - i watched a very interesting documentary just a while back on automation and how it is about to completely change the employment landscape by just 2030, an automation line and or robot are far cheaper to maintain at an hourly rate and no issues with sick leave, holiday, maternity leave etc so no more employment HR or need for unions etc, people think this is just talk and wont happen but its coming.