Member Info for Tarzansbrother

What’s the rough figure Nat West should make with each 0.25% increase to the base rate? I know the figure increases each year after the increase - you would think that although the future economic worries will play a part - interest rates increasing to possibly 4% that will be a lot more money in the pot for the next few years

Isn’t it also a win win with the fact there will be less shares on the market as shares are being cancelled and I would imagine many share holders will rebuy shares with both the dividend payouts - hopefully that may increase the price aswell as many more buys

Haven’t the board accepted a price and preferred bidder? So it’s wrong to say they have rejected all offers surely?

The board have accepted the offer of the preferred bidder - they know and now we know the company is in decent shape after the results - all the dots are lining up - this company complements the brands of ABG - maybe the current financial climate is a negative but at £300m surely this company is a snip

Poor article with very little reasoning why they would drop out - especially after going through the sale process and being selected as the preferred bidder. Looks to me they have timed the bid and price very well - both parties will want this tied up in the current financial climate.

£300m indicates a £1.62 price - that sound about right?

Looks about right the 150-180 range - surely due diligence is half way there after the bidders were given financial details to make their bids in the sale process. Can’t see either side pulling out now - would be a waste of time and money. Hopefully the trading update is decent to cement the agreed price closer to the 180

Wasn’t there 2 bids turned down with a third not disclosed in price? Reports saying £310m is the minimum price - would need another bidder to take the price higher - it was said the sale process may go into a second phase leaving the 2 preferred bidders indicating there may be more than 2 wanting to buy. £1.75-£2.00 maybe - but it’s all guesswork

The board have indicated they won’t accept a low ball offer - Sycamore may have no choice to offer higher. It really is guesswork and smoke n mirrors with predicting a take out price. Is £350m-£400m too high a valuation to buy this business. Who is the other interested party that could potentially increase the offer price

Another slight reduction by Barclays with their short

Could be higher if there is a bidding war - takeout price of £2 plus

They said there would be a second phase of bidding - with possibly just the two remaining - Barclays closing their short could also see a price increase?

£400m would be chicken feed for Next

What do you think the market cap value will be to see a bid accepted? £400m?

They have indicated they are prepared to sell and in effect hoisted up the for sale sign - why would they disclose the price if they don’t have to. It’s pretty obvious the current bid is slightly below £1.50 - as indicated by the current share price. As indicated by previous posts if most of the players have bought at the lowest of 75p with the last fund raise - £1.75 will represent a very nice profit - unless say Tosca want all the pie themselves as they think they will make more in future years with a refloat or sale

Sadan - yes £2 is a nice round figure and above this surely will give the value for the board to recommend - they have already spoke to the investors that hold the aces, they all know the magic number

£1.75 values a bid £300m approx - surely that won’t be far away

I’d agree 100notout I’d say probably about 50/50 - Tosca bought half their 28% at above £3+ and then the big chunk at 75p - add in their new investments all £1.20 plus - all points to an average above £1.60 - all guess work tho isn’t it - as was pointed out earlier the latest RNS show fairly big purchases all around the current price - why would that happen?

Are you saying more interest and posts/press - a takeover is more likely to happen? Or is the thought process it’s a done deal? As you correctly say there are a few similarities to other takeovers and also the way Tosca have built stakes in companies before taking all the pie themselves

At what stage would Tosca go above the 30% ownership mark? Be interesting to see when that happened when they took talk talk - they haven’t got much wriggle room left now after their last couple of purchases