The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Simx - Good post.
It’s good to see that the economy is turning a corner….but the geopolitical tensions around the world is concerning at the moment. Russia/Ukraine is ongoing and the situation in the Middle East is not looking good.
I think as inflationary pressures start to ease it could be replaced by geopolitical concerns……but I’m hoping some of the situations will start to curtail over the next 12 months.
I agree that this is the perfect time for DK to step in…..’buy when there is blood in the streets’ as the old saying goes.
Polishcap - ‘What is kretinsky average’
We don’t know. We could try to guess but the point is he’s been buying these shares for a good number of years now and he clearly has an interest in this sector….
He isn’t like the rest of us sat on a laptop looking at his interactive investor account hoping to make a few grand lol.
450p wouldn’t be worth him getting out of bed in the morning. He’d be much happier holding his shares for another 10 years and growing his empire.
Schwee - ‘What he paid is not relevant. It is what he would accept that is relevant.’
What he paid isn’t relevant? Lol.
Kretinsky isn’t going to accept 450p for his shares and I highly doubt any other bidders will enter this race.
PostmanPatCat - ‘No this is called decency instead of greed!
Maybe you called learn something‘
I don’t think I’ll be learning anything from you buddy as you don’t sound the brightest. And that’s being generous. Lol.
Polishcap - There isn’t a chance in hell that Kretinsky would see his shares for 450p given he was buying them at over 500p. Lol.
I think you were accurate at 700p for another bidder to enter this race. Which isn’t going to happen.
Polishcap - It’s not impossible but I can’t see any other bidders entering the race with Kretinsky having 27% ownership….
Other bidders would have to REALLY pay over the odds to even entertain the idea of Kretinsky parting with his 27%.
I can’t see it personally.
PostmanPatCat - hahahaha!
‘Why is that a Marxist view?!’
Then you give the most Marxist doctrine imaginable……
‘Giving the general public a good service should always be at the forefront. Instead of stripping a service just to make shareholders wealthy! Look at all our services in this country that are privatised all rubbish!
What is wrong with doing good for people instead of it all being about greed?!’
That IS the definition of the Marxist doctrine fella.
PostmanPatCat - ‘Let’s hope this hope this doesn’t go through before a general election and labour come to power and renationalise Royal Mail and make it back into a service that that the British public deserve’
That’s a lovely Marxist dream you’ve got there buddy. But unfortunately the anvil of reality is about to land on your big toe…….
Firstly, this will ‘go through’ by the 15th May as the rules of takeover states he now either makes an acceptable offer or he walks away…..
Second, Royal isn’t going to be renationalised. Not by any government, including Labour. It was even said by hyper left wing Mr. Unions himself Darren Jones that Royal Mail would not go back into national ownership.
I think you need a new dream fella.
Talk2Much - ‘I remember reading from you guys on this very forum that if DK hits 30% he has to put a bid at his lowest price paid in the last 12 months, which would be easy wouldn't it?’
Yes, DK and VESA were obliged to offer AT LEAST the lowest price paid in the last 12 month period……but the offer was much much higher than that and it was still outright rejected….and rightfully so.
The shareholders hold the power. ALL shareholders not just institutional. Any offer that the board think is worth putting to shareholders will be put forward by ballot with a recommendation of either accept or reject based on what they ‘think’ is acceptable.
A lot of OliGarch misinformation still swirling around here and given he’s pretending not to read my posts I’ll just clarify the situation for people…..
‘So, the largest shareholders have turned down the initial offer from VESA’
The largest shareholders haven’t turned down anything. The board have outright rejected the bid and they wouldn’t put anything to the shareholders both institutional and private investors until they think there is an offer they think is worth considering.
‘If that's the case then these institutions will have already made up their mind that they are happy with that figure and the deal will be rubber stamped or does it still have to go through the formality of balloting every shareholder?’
Oligarch doesn’t know his a*se from his elbow, clearly. Once the board have an offer they think will be worth putting to shareholders they will ballot ALL shareholders whether they want to accept or reject the offer.
Don’t let clueless idiots like OliGarch confuse or misinform you.
Hounddog10 - Thanks for the more in depth information on the 8.3 and 8.5 forms.
I’ve seen these forms coming through on other companies I’ve been invested in when there’s a takeover going through. I haven’t really paid too much attention to them personally but you are correct that you can gauge institutional activity throughout the bidding process if it’s important to your investment decisions.
Sid786 - ‘Plus I think he would want to complete the deal before a possible labour government comes into power’
Yes, I agree.
There are a few market forces which have aligned for Kretinsky and he knows it’s now or never. A labour government in power could certainly put a block on the deal so now is the time.
He’s also jumping on the weakness of the share price which we’ll help him to drive a hard bargain but at the end of the day he’s going to have to cough up if he wants this company because I don’t think shareholders or the board will let it go on the cheap.
Sid786 - Mr K doesn’t need to be in touch with the government dept or the business secretary at this point because he and his private equity firm have already been through the necessary formal process to bid for this company if they so wish.
The people clinging onto the hopes of government intervention are either desperate, delusional or both.
This is now between Kretinsky/VESA, the board and the shareholders. Either a deal will be struck or they’ll walk away but the government won’t do anything at this point.
Where are the hordes of MP’s taking to the streets after yesterday’s news? There weren’t any because it’s passed that.
I would use the Liberum recommendation as toilet paper if I could. Lol.
They are pathological when it comes to IDS. Like the conspiraloon postal workers that come here.
The UK’s National Security and Investment Act ‘could’ bit won’t do f*ck all…..given Kretinsky’s holding has already been under the necessary scrutiny and came out the other side with a fat green light……hence why VESA have taken the time and made a bid. Lol.
Liberum, OliGarch, IsleworthSpy and Co May be desperate for the government to block this to save their face but unfortunately the facts don’t care about their feelings.
PostmanPorsche - All the 8.3 forms going through are just forms that are submitted by the large institutional investors (usually holding 1% or more) when a company is under takeover consideration.
They’re nothing to worry about or to pay much attention to really.
Good to see OliGarch talking s*ite as usual…..
‘Interesting times ahead and nothing we, as minor shareholders, can do to influence it.’
Not true. Anything that happens with regards to the takeover would be subject to a shareholder vote. Whether major or minor you still get a say.
To TheRiflemans, IsleworthSpy or anyone else that is either dense or paranoid schizophrenic……,
I’ll make this very simple…..
The government HAVE ALREADY said ‘YES’ to Kretinsky’s takeover of International Distributions Services.
Whether you ‘think’ it should happen, ‘hope’ it won’t happen, ‘plead’ for it not to happen….
The facts don’t care about your feelings, unfortunately for you.
IsleworthSpy’s desperation has hit hilarious and pitiful new heights….you have to laugh you really do.
The government has green lighted the takeover. That was done months ago. Do you really think VESA are stupid enough to bid for a company without the authority to do so? Are you THAT desperate? Haha.
‘But, by the same token, knowing the share price would rise. Facilitating his future selling. Just throwing it out there.’
Hahahaha! Pathetic. Keep it coming so I can beat you round the head with it a bit further down the road!
RT003 - ‘In the interim you'll be back trawling my past already in which case you will already have found plenty of input on Royal Mail from me’
Your posts must be that benign and forgettable that I don’t even recognise your tag.
You may have posted but have you ever posted anything that someone has read? Lol?
Phunt73 - ‘Just another member that thinks you're an absolute salad.’
Right. And what’s that going to do? Stop me posting? Stop me making money here?
Nope. You absolute salad. Lol.