RE: This is massively undervalued06 Apr 2020 12:26
Tatty, the only take-over I'm aware of is the take-over of W2T by PHE. You seem to be referring to some other one?
In an interview on 24th March, DR stated that he expected the shareholders' circular (ref. PHE's takeover of W2T) to be issued in about 2 weeks, which would be imminent, which is why I suggested that it might be out sometime this week. Of course the current lock-down might cause a delay, or not.
RE: This is massively undervalued06 Apr 2020 09:18
It has crossed my mind that Peel might take a share of PHE during or after the takeover of W2T. I have no evidence whatsoever for this but it just occurred to me that it might make sense with MK now on the PHE board. It might also be a way to ensure that no one person owned 30% (or more) of the new PHE expanded group.
RE: This is massively undervalued06 Apr 2020 09:05
stokey, I'm sure they will be able to find a way around this for the EGM. AFC seem to be believe that they will be able to hold their AGM "by proxy" so perhaps PHE can do something similar. I'm hoping that the shareholders' circular will be issued some time this week.
Watching the lengthy Youtube video Im not entirely clear what their process is exactly, nor where the H2S comes into it, but it crossed my mind that it seems they are at a stage similar to where PHE was about 10 years ago.
RE: The future is bright, the future is PHE02 Apr 2020 16:59
TBH, I wouldn't get too hung up about a possible consolidation. Whether it happens or not, I don't believe that it will change our lives significantly either way.
I believe there are more important matters ahead in the near future. The issue of the shareholders' letter for a start, which DR indicated could be out next week. Then there's the EGM for the takeover approval, and if that goes through, there's the question of what Peel does next. Bear in mind that Myles Kitcher has just joined the BoD, and I'm sure he's not going to be there just to keep the seat warm.
Regarding the EGM, I note stokey's comments about the difficulties of holding an EGM in the current climate of travel restrictions and social distancing, and the difficulties of getting round that because of rules about holding AGMs. However I notice that AFC Energy are managing to hold their AGM by having a quorum of directors present, and asking shareholders to vote by proxy. Perhaps PHE can do a similar thing for the EGM.
I don't know about the EGM, but in his session with Andrew Scott at Proactive last Tuesday DR said they expect the circular to be out probably in the next couple of weeks. So round about a week from now, hopefully.
"It's totally crazy if they are not testing health workers." That wasn't from choice, Islandgirl. That was because at that time they didn't have enough kits to test everyone nor sufficient facilities to process them. But they are now starting to test NHS staff who show any symptoms as they are getting more kits.