Member Info for sean989

I wouldn’t place much significance into a company buying in after the share price has risen 30% following the first bid for the company. They clearly don’t have their finger on the pulse if they didn’t see the original bid coming.

This has the hallmarks of double booking income which would mean the North American business is significantly smaller than the accounts (current and previous) had suggested. With the hit to credibility from incorrect accounts, this will take years to recover so expect to have to hold for a while to see significant rises in the share price.

Royal Mail is partnered with Inpost. Cheif executive of Inpost states they are growing much faster than they expected. It has 8600 automated parcel machines in the UK and is installing 100 more every week.

I’m not sure whether this has already been highlighted in the forum , Inpost has an agreement with Royal Mail regarding the use of collection/ drop off boxes for parcels. The girlfriend is using this service almost daily to collect items. This has massive potential. . . https://www.parcel2go.com/couriers/inpost

Https://www.telegraph.co.uk/business/2024/05/29/royal-mail-break-up-three-years-after-czech-sphinx-takeover/

Columbia Threadneedle own 5pc according to this article.

This one is a year old but shows a breakdown of owners of the company

https://finance.yahoo.com/news/50-ownership-shares-international-distributions-105549379.html

Https://www.dailymail.co.uk/news/article-13474987/amp/Royal-Mail-investor-oppose-Czech-sphinx-Daniel-Kretinskys-takeover.html

Https://www.templebarinvestments.co.uk/media/insights/response-offer-ids/

Delisting, cancellation of trading, re-registration and compulsory acquisition

· If the Offer becomes or is declared unconditional and if Bidco has, by virtue of the IDS Shares it holds, if any, and the IDS Shares it has contracted to acquire, whether by way of acceptances of the Offer, the VESA SPA or otherwise, acquired or agreed to acquire issued share capital carrying 75% or more of the voting rights of IDS (or the appropriate special resolutions are otherwise passed), it is intended that Bidco shall procure that IDS makes a request to the FCA to cancel the listing of IDS Shares from the Official List and makes an application to the London Stock Exchange for the cancellation of the admission to trading of IDS Shares on the Main Market.

· If Bidco receives acceptances under the Offer in respect of, and/or otherwise acquires, 90% or more of the IDS Shares to which the Offer relates, Bidco intends to exercise its rights pursuant to the provisions of Chapter 3 of Part 28 of the 2006 Act to acquire compulsorily any IDS Shares not acquired or agreed to be acquired by or on behalf of Bidco pursuant to the Offer or otherwise on the same terms as the Offer.

I did find it interesting that this Nobel prize winner has decided to plagiarise my views. Apparently Nobel prize winners aren’t that high above me afterall

https://www.businessinsider.com/nobel-prize-economist-angus-deaton-rethinks-unions-free-trade-immigration-2024-4?amp

If I was as clever as the megashark I’d have had an average of 65p and could sell out for a mega profit. Unfortunately I am a mere human, while the megashark has the knowledge of a Nobel prize winnner to back him up

KPMG also known they have to show they weren’t failing to carry out their checks appropriately because vesa will be carrying out their own due diligence before purchase. Last thing KPMG want is to be complicit in cooking the books

There must be a fairly large discrepancy that needs checking if the auditors haven’t been able to complete their standard checks on time. Somebody has been cooking the books.

The privatisation of the water companies is showing how poor the decision to privatise actually was. I mean, when the bedrock of the whole system, the banks, require public money (communism for the banks, capitalism for everyone else) to stay afloat you know there’s something wrong. Alas, some people are blinkered into believing everything is better in private hands. And venture capitalists are the worst for tax avoidance and asset stripping.

No implications because the company is going bust and there will be no payout to shareholders. If there is a miracle and the company is saved and you sell shares at a profit then capital gains tax

Compulsory strike off is likely due to not submitting accounts or other required documents. They need to submit these documents to prevent the strike off.

Probably nothing in the context of this bid, however should the bid fail and the results are good and show the company is making a profit then I wouldn’t expect the share price to slip back down quite as low it was before.

Of course the only real way to get any political change with regards to companies being asset stripped is for them to be kept in public ownership. And that only happens if people vote for a radical left or Marxist parties. If there’s one lesson I can take from history - only the real threat of radical change will make the centre ground of politics willing to implement changes which benefit the whole of society.

GLS and Royal Mail will be split, Royal Mail will be allowed to fail until changes are made to USO. If no changes are made the company goes into administration with a view to asset stripping. Then the govt comes in and buys Royal Mail, subsidises the company or changes the USO requirements.

At least least 75% approval of shareholders required to takeover https://legalvision.co.uk/business-sale-purchase/compulsory-acquisition-of-shares/