Member Info for Toonman

Still cracking on upwards today with no apparent sign of profit taking yet.

I didn't think you were deramping and your scepticism of a takeover is perfectly justifiable in the absence of anything concrete being put in the public domain. It sounds like you have hedged your bets with your shareholding and no one could ever say that was wrong. I responded as I did because you appeared to be somewhat impatient about the lack of news whereas there are quite a few people who bought this stock for yield and long term growth and who will not be distraught if a takeover doesn't happen now. I must apologise for an obvious typo in my previous post - "Alphaville" should of course have read "AlphaValue".

If you are sceptical and a short termist then you should probably sell sharpish. The share price may have underperformed today but it certainly hasn't over the last week. It is, of course, quite possible that there is no potential predator lurking. I suppose it's possible that some of the recent price movement has an element of re-rate about it, after all Alphaville have been calling it at over 54p for a while now. For my part I shall remain invested here as I have been for about 18 months having bought in at about 30p. As I seei it this is a stock with a good yield that has potential for some excellent capital growth whether short term or long term. That growth could come from a takeover or simply from the newly restructured business performing well. Either way I have thought for some time this was a decent stock to be in, and if the takeover doesn't happen this time, and the share price inevitably dips, I'll be patient and keep collecting the dividends.

Still rising on huge volumes again today, if this is all based on "rumour" then it must be from a fairly credible source.

Interesting that the market is only putting a value of 4p or 5p on the second tranche of the value that is being paid by IMIC in two years time.

Anyone here holding Kier shares after being taken out as a MAYG shareholder? Its been a good ride!

Today's RNS has been well received by the market it seems.

It's probably because of what we do know about. Buy now at 84p and yuu will receive 80p per share in cash as soon as the deal goes through plus 46p per share (in cash or shares) in 2 years time

Agree 100%.

All I know is if. somehow. the IMIC takeover does not get voting approval the share price here is going to fall like a stone and will remain at a low level for a very long time.

Not wishing to pour water on this but you did say much the same thing back in March. I agree that there are some clues that a takeover might be the end game here - such as the CEO buying large quantities of shares and the company re-engineering itself into a Caribbean/Pan American operation. But I would have thought that it would be when the re-structuring is completed. The last news was that there is still a question mark over the Monaco deal I think?

There is a massive re-rating of this share taking place. The acquisition of May Gurney is clearly perceived as a bargain.

9th August

Any thoughts on this offer? It seems that a few people think it seriously undervalues AFF. I notice that the RNS still refers to the possibility of a better offer being received and mentions a fee AFF must pay if the deal is rejected. Could AFF be attempting to flush out a better offer from another bidder?

You get 80p back when the deal goes through - plus in 2 years time you get a further 46.4p. The further payment of 46.4p will either be paid in cash or in IMIC shares, the choice is IMIC's.

There will probably a few short term traders who wish they had stuck around now. It's a very good offer. I suppose there is still a slight question as to whether COST will try and up their bid to beat KIE. I think it unlikely to be honest but you can never be sure. It is also still possible that some other outfit such as CLLN will have a go at acquiring MAYG.

No, nothing from Kier yet. The documentation for the Costain deal has already been sent to MAYG shareholders but KIE still have some time to do something if they want.

Not sure that's necessarily good advice. Kier have today announced that they are also interested in buying May Gurney. There could be a bidding war here.......

Its an agreed "merger" by both sides. Although few mergers are the joining of two equals, and in this case Costain are the larger company and will have more control of the merged entity.

They are cheap for a reason. What sort of news do you expect that will drive the sp to more than 5p?