focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
FYI - https://www.markiteconomics.com/Public/Home/PressRelease/4a92082b9ed14581a5de137af3ca6e5b
Raleigh, I’m not sure on your theory wrt CD&R and SF. Perhaps the former was looking at the same time as SF’s appointment but that would have been coincidental. Here’s why I don’t think the two are directly linked: SF was appointed long(ish) before COVID. Then the virus hit and the Government relaxed the rules on company takeovers and funding. This relaxation allowed the PIPE without having to go through shareholders. The rules are now back to normal making PIPE less attractive.
What IKO and or CD&R do from here has the potential to be proper exciting. For what it’s worth, I’m still with you on the concept of 60p+
FYI: http://digitaleditions.telegraph.co.uk/data/503/reader/reader.html?social#!preferred/0/package/503/pub/503/page/5/article/139137
tl;dr - ?£5b to ease cladding crisis?
Prof - good call from you yesterday about not selling your shares.
Those JPM borrowed shorts stepped in on 15/12. SP then was c31.7p. A few days earlier it was c35p. The shorters are dabbling in just a few pennies: In the current climate, I wonder whether they think it’s wise to be doing that with such small numbers.
It’ll be interesting to see if we can push trough 36.
This stock is trading markedly different today. If my hunch is right, we’ll see a RNS from JPM in the next few trading days.
I hope the short issue seen here repeatedly has been scared away and won’t return.
Thank you and you’re correct. Although, unlike you, I couldn’t remember where I’d read the hypothesis. It’s good of you to post it here. More broadly, and I know we’ll never know, rhetorically, why did IKO dip their toe here last Jan? No divi and preceded by red candles - it appears, in hindsight, to be a strange place to park a lot of money.
I should amend my 45p from earlier. Under the rule that was quoted, they’re beyond 12 months since their purchase and so aren’t restricted in any manoeuvre they may or may not make.
I’m struggling, like most on this board, to understand why the SP is stuck here.
IKO, in the other hand. What if they wanted the company? Interpolated in your, and my thoughts, could be looking at around 45p.
All hypothetical of course, I’ve not got the faintest idea. But it’s an option and not too far out of the park.
I’m with you on IKO. They have an RNS early Jan 2020 when they bought in (I think). At that time the SP was around 90p. They later doubled their investment at 30p. I’d think their aggregate price will be around 60p. They’ve held and still hold 15%. If CD&R were to seek a T/O they’ll need IKO’s shares - IMO.
Announcement today wrt CD&R:
https://www.prnewswire.co.uk/news-releases/clayton-dubilier-amp-rice-to-acquire-wolseley-uk-leading-distributor-of-plumbing-heating-and-climate-products-in-ps308-million-divestiture-transaction-807647927.html
Hi folks. Just joined this platform. Been following for a while but was persuaded to register so I thought I’d make my mark. I’ve a few of these and hope for the SP to do spectacularly well.
Wanted to answer q from PG - 15:34 and 15:37 - both trades logged as buy at 1.27 m at 31.88. Hope that help.
A RNS would be nice.