No Fear-nobody with any knowledge of contracts fears Long Stop Dates. They are common and understood between the parties. All conditional deals have them. or should have them. Honestly I wouldnt have been that worried if we had not have sold because that asset was profitable and had been valued.
But money in the bank and lets crack on
@Shorty-to be honest I was pretty surprised there was no RNS. I mean that would have been negligent on Capita's part.
And just in case anyone thinks otherwise, I did not make a 1 million share acquisition off the back of No Fear's news!
@ Hexam
"I quickly ran a post for all good and bad to fall for it... What we've learned today is that always do your own diligence. All my previous pdf factset files upload here previously are đź’Ż% true and accurate from the source.
Seriously - you're trying to claim that your 13 year old breaking story was a deliberate move to see who would fall for it? Clearly you just didn't do basic due diligence on the article...or on your factset files - if you did you would know that they are not 100% accurate.
Priceless own goal - proving you just post stuff without checking, thinking or understanding."
This is absolutely spot on
No Fear I would have accepted it if you made a genuine mistake, but the fact you are actually admitting that you did this deliberately is really quite irritating. Especially as I bought 1m worth of shares off the back of it......
Be careful young man...innocent people can make investment decisions off the back of that kind of news
@Trenners-we have clearly won contracts over and above what is being announced however not of sufficiently big size to trigger Capita's RNS reporting thresholds. I have often emailed Capita about this because I dont think they quite have the balance right between over and under reporting. The more people who raise this point with IR the better. I've tried frequently.
@okey completely unrealistic. The key terms are “expected” and “subject to” . Perhaps the SOS has been a bit busy recently.
It appears to me on the face of it that if Oxford invested for the mid to long term, Oxford invested thinking he would make a turn in a week or two and then sell and spend his time sniping from the sidelines. Any genuine mid to long term holder wouldn’t be remotely worried about the fact it’s the 2nd September and there hasn’t been an RNS. Because any genuine mid to long term holder would realise worst case that we would be retaining a profitable business with a chance to sell it and maybe get a 20 m deposit out of it with rights to sue multiple companies.
Tip to Oxford:- read RNS properly and if you aren’t completely sure raise with IR before you invest money.
Good news is that presumably we keep the profits of the business as we wait which is good for the bottom line for this FY.
Okey thank you for providing this . It sets out the Long stop date. This means we have until Jan to satisfy the conditions . Really there is no reason to be concerned as things stand. Capita were hoping SOS approval would have come sooner. You would have thought they would have received some fairly robust legal advice that this would be forthcoming before embarking on the sale.
Hopefully just a matter of time chaps and HP seems to have indicated according to NF that things might be good to go in the next 2 weeks.
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