The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
IsleworthSpy - ‘Why are you not championing this?’
Because I’d find it much more amusing if the striking ‘tards were axed in the thousands and out on the bread line. One can live in hope? Lol.
‘It will reflect positively on your loss making portfolio.’
In my highly successful portfolio? with IDS soon to be another company in my growing collection of taken over businesses for big bucks? Correct 100% of the time. It’s not my fault I’m genetically and intellectually superior to you in every conceivable way? Lol.
Don’t worry, as soon as I’ve made a massive wedge, which I inevitably will here one way or another I’ll be moving onto my next substantial profit maker……and it’ll no longer be necessary to post here and to sweep you around the forum like a wet mop as I have done for a number of years.
IsleworthSpy - ‘Please try to understand that your attempt at trying to understand how delivery works, makes you look ever more stupid.’
I haven’t mentioned delivery. And I’m not interested in how it works either. I do understand business though and I know and have seen what happens when unscrupulous investors acquire businesses……..so I was pointing out that your assertion that ‘white collar workers’ will be culled is only a partial reality……
Hence why Dave and his band of idiots are on high alert and are extremely desperate for the takeover not to happen.
And for good reason.
Hounddog10 - Thank you Sir, excellent post as per usual.
Very helpful and concise.
The rule makes sense and it stops the situation getting potentially farcical with various tentacles of Kretinsky’s coming in left, right and centre.
Hounddog10 - ‘not before six months.’
Would that be any subsidiary of VESA? The bid came from the EP group, could Kretinsky not make another bid from another group under the VESA umbrella?
I honestly don’t think that an offer less than 400p is going to get through the door….maybe the board would be obliged to put it to the shareholders but the large II’s like Schroeder’s and Redwheel wouldn’t touch it with a barge pole…….and that’s the problem for DK.
That’s the problem when market is made up by neurotic jellyfish attributing a market cap of £2.7bn to a company that just on the back of the envelope calculations is worth double that.
Conventional 30-40% premiums go out of the window and the shareholders won’t entertain selling up and I think VESA and Kretinsky are learning the hard way here…..it’s one of those offs occasions where the majority of shareholders would happily reject a 30% premium.
Tick tock…..the finishing line is in sight.
IsleworthSpy - ‘I'm now actually hoping that VESA are successful, at whatever price they deem fit.’
The price that VESA ‘deem fit’ is irrelevant…..given that it will be the shareholders that ultimately make the decision as I’ve been telling you for many years….but the information has bounced off your dense skull on numerous occasions.
The last bid of 320p didn’t even make it past the board and was instantly rejected. That tells you everything you need to know.
‘There would be a massive cull’
I agree. But it won’t only be the ‘white collar’ workers on the chopping block.
Knoydarts - ‘I'm now asking your views on my posts ?’
I don’t really understand your posts as they seem to be written in broken English? Lol.
So on that basis I don’t really have much of an opinion….but you seem harmless enough.
Northwestposty - ‘Someone as told us this morning shares are suspended from Monday’
On what grounds? And who told you this rumour?
Good to see the usual brigade of b*tchers and moaners are still out in force here, love to see it.
The acquisition is cash accretive and the business generates $30m per annum so WOSG will recoup their money within 4 years or so, seems like a no brainier to me.
Anyone that paid attention to the long term business plan won’t be remotely surprised by today’s announcement as luxury jewellery was an area of growth talked about during the presentation….. it shows that the business is cracking on as promised.
Sid786 - Hope that you end with a green figure here no matter what happens in the short term.
Hopefully Kretinsky will get the message and put an improved offer on the table in the right ball park this time…..
Sid786 - The results are will be in line with expectations at best……ie Royal Mail making a significant loss and GLS plodding on but nothing remarkable.
I expect that both business’s combined will be nearer to break even bit probably still loss making in the short term.
Sid786 - ‘TMS, it's a win win situation for IDS and shareholders’
I agree. Under Seidenberg’s leadership I think the future is rosy for international distributions services and I think in a few years for now the business will be extremely profitable again……which will be boosted further if OFCOM pull their finger out of their backside and green light the changes to the USO……
All of which is very good news for long term holders of IDS shares.
So I will be happy either way…….I’m MORE than happy to hold my shares for another few years and watch as the company returns to profitability or…….sell my shares if and when Kretinsky and VESA make a palatable offer for the business. Anything near 400p would be a very nice pay day for myself.
Win win.
Another brief presentation today from the board highlighting the value of GLS as a business in relation to the offer made by VESA and Kretinsky.
The message is clear……we’re not going to be bullied on the valuation of this company.
Less than a week to go and no activity…..which tells me that my earlier prediction could be correct and that we will get one firm and final offer from Kretinsky before the end of the deadline.
There will be plenty of homework being done behind the scenes and my guess is that VESA may have been taken back by the resilience of the board and shareholders.
Cough up Daniel or walk away is the message.
Henky - ‘You said that to me last week still here’
The Darwinian natural selection process normally takes longer than a week.
This isn’t the time or the place to explain evolutionary biology to you.
Henky - you’re a lost cause regardless. I can’t help you. Lol.
Hopefully you’ll get chewed up in the Darwinian natural selection process.
Henky - ‘Why the rise in the share price today though sharky boy’
It’s drifting up with the indexes with the FTSE 100 hitting time highs on the back of optimism around the ceasefire talks in Gaza…..which as I said yesterday is one of the more significant forces driving share prices at the moment.
Any more advice and I’ll have to start charging you for my superior brain power.
The share price has already moved 20-25% off of the back of a bid that was outright rejected by the board.
Why would it be surging any further?
The incessant daily commentary on the share price is as embarrassing as it is boring.
Just wait 8 days for the conclusion of the bidding process……
Don’t listen to the likes of OliGarch who is both dense and lives in a Royal Mail bubble with blinkers on…..
It’s difficult for those whose sole focus is Royal Mail to understand market forces and why things move ‘up and down’…….for the investors here it is much more straightforward……..
The biggest driver in the direction of the markets remains the 40 year high ‘sticky’ inflation which hasn’t budged in the last few months…..meaning central banks are less likely to be cutting interest rates this year…..
The other being the grim situation in Russia/Ukraine and the ongoing war in Israel/Gaza which isn’t going to be resolved over night……
The IDS share price will continue to be at the mercy of those larger more significant market forces until a concrete offer is made which may be put to shareholders……and even then the offer price may not be achieved until the deal is sealed.
Very difficult for ex box carriers like OliGarch and IsleworthSpy to understand.
Simple to everyone else.
Darbo - The global market is a highly neurotic, irrational bowl of jelly….inhabited by flappers and doubters. Lol.
Which is why buying at an oversold price and selling at an over bought price works every time.
Darbo - ‘it's about SECURITY. It is probably best to stay in domestic control’
Don’t fall into the trap.
Regardless of your political angle or whether you think Royal Mail should or shouldn’t be in domestic control…..the government have let the cat out of the bag and given Kretinsky a fat thumbs up to buy the company.
There is no ‘security’ risk. Only ideological political opinion…..which isn’t going to stop foreign investment in UK companies.