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1. Medical Debenture recently increased their holding to just over 10% at an over all average purchase price of 0.63p 2. They have now accepted an increased offer from PDJ BidCo of 0.65p 3. This will net them a small profit in the region of £20K on around 117million shares Questions: a) Why did they bother to increase to just over 10% to then sell almost immediately? b) Is £20K really a decent profit margin to a large investment company, when the potential for this company may be enormous given PDJ BidCo's relentless pursuit of a takeover? c) Surely, in 1. they were initially considering that a longer-term investment would be the right way to go? d) Why the strange change of course - PDJ BidCo will surely make a profit from this company in the medium to long-term - why didn't Medical Debenture hang on for the ride?
I'm in complete agreement with Geckoman. Not really sure why you've started to take this tone, Happygal. So, you took a punt and have sustained a loss of £3K. There are a lot of small-shareholders here looking at losses of at least ten times that size. We're just trying to share publicly all the available info based on RNS data so that individuals can make the best choice for themselves. You've apparently made your choice now, and I wish you all the best. If you have any facts over and above the RNS data that might help us make our individual decisions, please feel free to share. If there is a storm coming, as you speculate, then those that have chosen to 'hold' will weather it, and any associated losses incurred, but they will all hopefully do this with good grace. All the best to you.
If you would like to take part in further, in-depth discussion, please join us at... [ groups.google.com/forum/#!forum/xps-holders-forum ]
The writing may be on the wall for privatisation in the medium term - however, if you trawl through the RNS data over the past five years it is increasingly clear that PJ with 90% is almost certainly *not* going to happen this week, and it is by no means a done deal, either, that PJ will achieve 75% at an offer of 0.62p on the same timescale.
Please join us biglad6 [ groups.google.com/forum/#!forum/xps-holders-forum ]
MedDeb now own more than 10% --- Small shareholders who definitely intend to 'Hold' own *at least* 2% --- There are a *significant* number of large shareholders who paid, on average, more than 2.5p who hold at the *very least* 5% --- there are at least 20% of shares unaccounted for held by small shareholders/others --- XPS board of directors hold 53%
groups.google.com/forum/#!forum/xps-holders-forum
Hi maxed, try the following, and let me know if you're still having issues... [ groups.google.com ]
After deep research into historical RNS data It is *increasingly* clear that large investment managers and smaller personal investors combined may indeed hold more than 25% and also bought at prices that make 0.62p "totally unacceptable". Have faith people, and please join Google Group for more info. All the best , and don't be bullied by tactics based on fear due to lack of knowledge of the situation - the information *is* out there hidden away in RNS data - check previously posted collated RNS data and image of spreadsheet detailing all known investments. Have a great weekend, and stay strong!
Drop us a line guys?
Would you like to join us on GG? Check previous posts for details...
Want to join us, Sir?
"More fundamentally is that managerial ownership carries on being significant after the IPO. This suggests that managers may have less confidence in staying for long in the market. This could imply that voluntary delisting may have been pre-empted at the IPO date, meaning that some managers may have brought their companies to the market at relatively a high price, left them drift down through time, and then take them private at a lower price. The main losers are the shareholders who trusted these firms and ended up either selling their shares at a loss or alternatively keep their holding in what would become an illiquid security as the only alternative will be to sell to the management. Overall, shareholders should be carefull when deciding to invest in such firms and that AIM should not accept such companies. While it is difficult to forecast such delisting at the IPO date, a deeper scrutiny of companies is required to avoid the failure of AIM. In contrast, marketing AIM for companies that are likely to move up to the Main market will be beneficial." http://blogs.city.ac.uk/cassfinance/2013/12/03/should-investors-worry-about-companies-that-delist-from-the-london-alternative-market-aim/
I think you're picking up 'topics', but the 'group' is there and should be visible. Search again for 'xps holders forum' and let me know if you're still having problems.
Dear Holders: Once selecting 'Apply for membership' please remember to complete the three steps given in the sign-up form that is then displayed. These steps are there so that we can be certain that prospective members are, in fact, legitimate posters on this XPS thread. If your application has just been rejected, this is nothing personal, simply 'Apply' again following the three steps as it is in the interests of your security. Thank You for your patience. Sincerely.
Dear Holders: As we are all aware, there are strict rules regarding what we can discuss in LSE chat. We are very careful to caveat that our suggestions are simply an individual's opinion, and we only post publicly available information. If, however, you would like to take some discussions "off-line" to a private forum, please join the Google Group that I have set up for this purpose. 1. You will just need a (free) gmail account. 2. Use the 'search' function within [ www.groups.google.com ] to search for 'xps holders forum' 3. Select the 'Apply for membership' link. There are then three further simple steps to follow to ensure that only moral, human, XPS shareholders may join, and not trolls. Thank You, and hopefully see you there...
You're welcome. It is my pleasure to assist. I feel very strongly that although the information *is* out there for all, many individual investors are basing their decisions on simple fear of a strongly worded offer in a single RNS rather than any objective knowledge of what's really going on in the background. Hopefully the collation of the RNS information will allow individuals to make a more informed choice based on realistic knowledge of the distribution of XPS shares in the wild. Please continue to post your findings.
www.dropbox.com/s/tzi7zgr4ues1kse/ALL_RNS_XPS.zip
https://www.dropbox.com/s/tzi7zgr4ues1kse/ALL_RNS_XPS.zip Dear Holders: I am posting the above file to enable everyone to (far) more easily search the publicly available information contained within the RNS data on XPS. Please find attached a file [ALL_RNS_XPS.zip] containing *ALL* publicly available RNS on XPS available from lse.co.uk from the dates [Mon, 28th Sep 2009 10:16] to [Tue, 18-Feb-14 16:12] If one unzips the file into a directory one may then simply perform a simple text search to locate details of specific individual's purchases etc. Also, if one searches for the class/type of shares [GB00B1VMLL97] one may locate all 'Notifications of major interest in shares'. Additionally, by opening the relevant .htm file(s) returned from the search you will be transferred to the equivalent online page containing the RNS (or else, your local copy of same) This information forms the basis of the info contained in the spreadsheet image posted earlier. Interestingly, the 'Credit Suisse' purchase of 12,471,469 shares on 14th Feb 2014 does not seem to be listed on lse.co.uk.. I did however, locate it from iii.co.uk and it is included in the .zip file for completeness. If you find anything of note within these files that we may have missed, please post back in order that we may all gain a fuller picture of the situation. Sincerely
+13,000,000 (£81.5K) buy just went in at 9:43