Member Info for RedNinja

Isn't it the high debt at a time of high interest rates which is holding PEB back.

It's chipping away at the debt, but could take some time to get it to lower levels.

The assumption is the funds will vote for the deal, they assumed that last time and they didn't.

Presumably they will this time ?

Isn't it gun to the head time, i.e. vote for the deal to get cash to prop up legacy and allow the CEO and CFO to get out.

If you don't vote for it, then it's in an uncertain position cashwise.

HTtps://www.investegate.co.uk/announcement/rns/r-q-insurance-holdings-ltd-di---rqih/update-on-proposed-sale-of-accredited/7878848

In the updates it states the below :-

"Underpinning these priorities are strategic initiatives currently underway to de-risk the R&Q Legacy portfolio including:

· A possible LPT (Loss Portfolio Transfer) or ADC (Adverse Development Cover) on certain portfolios

· The sale of non-core assets

· The sale, or securitization, of back book legacy liabilities

"

No statement on the losses/costs to be incurred on the above.

I am just saying this one is a gamble. How much of one we don't know.

I don't think thats true as I have seen directors buy during bid periods at other firms and the definition only talks about results. Lets face it the CEO and CFO are running away in a lifeboat they have made for themselves.

A closed period is a period of time during which insiders are prohibited from trading company shares or making any relevant information public before it is officially announced12345. The period typically lasts for one month prior to quarterly or interim reports and two months prior to annual reports1. During this period, directors and other PDMRs must not deal in shares2. The length of the closed period varies depending on the country and the rules of the trading venue or the national law of the member state in which the company is listed345.

Yeah , but how much of those assets will be lost in the next 1-2 years as it trys to achieve profitability.

Assuming there are no more leagcy fund blow ups.

The directors don't seem to be buying but you say it is dirt cheap.

Yes I read their presentation, but producing a glossy presentation is easy.

Saving RQIH may be a lot harder.

It's a gamble at the end of the day.

I see you don't answer my points.

For me the question is what will losses be for the rump RQIH legacy business over the next 1-2 years ?

Yes a buyer, but if it's such a bargain why haven't the CEO + CFO bought.

Why are the CEO and CFO getting out..

That upside isn't certain.

I would not be surprised if we see more NAV enhancing takeovers of portfolio companies, but we can't count on that for sure.

Yet some are still buying.

Given the below it seems interims will be out Monday or Tuesday next week.

Ingenta plc, a leading provider of software and services to the global publishing industry, will be presenting via the Investor Meet Company platform on 12 September 2023 at 16.30 (BST).

The presentation will give existing and prospective investors the opportunity to listen to management discuss the Company's interim results for the period ended 30 June 2023.

Well due dilligence not quite complete and no announcement of a price or deal structure if not all cash.

Still bought a few today.

Copy overfrom ADVFN::-

An excerpt from todays article in The Sunday Times.

"When Andrea Rossi presents his first set of results as chief executive of M&G on Thursday, he will also have to explain why they will not be his last. The charismatic Italian-Swede, a veteran of the fund management and insurance industry, took the helm of a FTSE 100 business in October that is awash with rumours that it will be subject to a £5bn takeover. Rossi, 56, knew about the bid rumours when he was appointed after acting as an adviser to Boston Consulting Group and a lengthy career at Axa. He has already told analysts that he is determined to avoid a takeover or a carve up of the business. “It is perhaps opportune that I state one option that I will not pursue. And that is a break up of M&G,” he said. Despite the speculation about a bid, the procedure would not be straight forward. Aside from the fact M&G has both insurance and fund management assets it also has £3bn of debt. Andrew Crean, analyst at Autonomous, said: “There isn’t a natural single bidder.”

Complete article here: https://www.thetimes.co.uk/article/bid-talk-swirls-as-m-amp-g-boss-andrea-rossi-makes-first-outing-7vjq7j0sz

Sky said "Macquarie is in early stage talks of "exploring an approach" to M&G for takeover discussions ie when Sky story came out they had not even talked to M&G and often these types of stories fizzle out. I would presume the dividend is safe. I don't think they move that fast assuming anything comes of it.

Copy over from advfn.com :-

Oliver Shah in today's Sunday Times, Friday's price rise WAS on the back of bid talk...

hTTps://ibb.co/BVQTSyB

Https://www.lse.co.uk/news/MNG/london-market-close-stocks-fall-after-key-us-inflation-gauge-picks-up-0a88umhhq3mwglw.html

"M&G climbed to the top of the FTSE 100, finishing 7.4% higher.

Though the reason behind the surge is not immediately apparent, the rise may be due to a positive read-across from FTSE 250-listed Jupiter Fund Management, which closed up 8.1%.

Jupiter Fund Management reported a drop in yearly pretax profit and a fall in assets under management, but a decent second half for the company lifted spirits.
"

At the moment the HSBC view is the highest 265p.
I believe the average broker view if I remember correctly is around 225p.

Back to £2.10 that didn't take long.