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Well shows confidence that you invested but you seem to no little more than has been released by the company or previously discussed on this board,how involved ,at what level is your contact and at what price do you and your contact see if and when a takeover takes place.I gave my view on this,do you see it as more or less than I suggested!
Lol
The bid IMO,was being negotiated at the time but slowly and the unfounded second bid by lol,Kraft forced the issue,Snaktime bought shares up to the value of 22p but not many and I always thought a max bid of 24p. interestingly since that time there has been no mention of Blair Jenkins and a new holding company has been created,rather than the Uvenco or Glimmer ,vehicles ,make of that what you will! I doubt Borris could get 50%of the company considering the largest holders but he certainly holds the best hand here considering the financial situation?However if he was going to cherry pick the assets he wouldn't have given the cash,like I said I think a deal has been struck but multibag it won't I remain with a 15p basic bid that could go to 18p max as things stand now.
All seems very familiar to our spats here,cookaburrow makes the valid point about the company and indeed it is a bit of a coin toss as someone mentioned but I do tend to think a bid is coming or the announcement of a merger the two things that make sense to me.The fact Drinkmaster hasn't been mentioned is significant together with the lack of information regarding the renegotiation of the loan and overdraft.I have said there are only parts of this business that appeal to Borris and privately run would be highly profitable,how much he is prepared to pay,well that seems to be around 15p a share,with the debt involved.I do agree with cookaburrow the clock is ticking and I think we will hear news shortly.
Blair Jenkins was pushed IMO the reality is that this is Vendia and always has been they allowed the takeover for reasons known to them! Having been pushed Blair courted Boris to instigate a possible buy out when things went wrong and the debt increased and the shares plummeted.Why the takeover failed is anyone's guess and why Boris gave Snak the cash injection again recently,one can only speculate,my own theory is Boris dosent want Drinkmaster sold and the cash and increase in holding points to an imminent takeover it's just a theory and I could be wrong who knows what is really happening here it's all a little cloak and dagger to say the least and if you do dig anything up please let us know! It is interesting that every now and again these big buys pop up to enable the sells of those frustrated holders to move on but where this goes is anyone's guess.
I seem to remember you in the early days here when this stock was being touted at a possible 60p and I was mr negative and talking with accountants!You are right of course the cash burn here is ridiculous and always has been in reality after ebitda.However hidden in all this is a very profitable business that after cost cuts and the reduction of deadwood to probably just over half the current revenue would generate over a million +in profit privately run and that's the prize and that is in my opinion what is being negotiated ?I expect an announcement to this end shortly the recent Borris intervention and increase in shareholding and appointment to the board to me make this most likely,with a takeout price between ,15p and 22p.
Given the share size of the Boris empire and his wealth I don't think a seat on the board here is such a prize or indeed his aim.I imagine he could be on the board of a great many companies in the ftse rather than a company on aim.The next rns should give us an idea of the next move here for Boris,remember he plans to replicate the Russian model in Europe ,we have know idea what else he is doing.
Popping up here! Cookaburrow,Borris paid 15p a share to up his stake and place himself and another interesting choice on the board we have know idea what's really going on here but the one thing we do know is Borris likes to achieve huge economies to scale so I imagine snak will only be a part of his plan moving forward he likes to dominate the markets he is in,agree money issues big problem but that investment showed he is still very interested for some reason?
Yes very strange!i do wonder what on earth is going on here!
Very few people made money here,regardless of the substantial rise.I thought this would be far higher than it is,so what's wrong?
Looks like this should pick up now with that news.
The interesting thing here is the fact that there letting all those sells at 12p go ,for this stock that's very unusual do the mms no something ?
All had them mate,oil seems in vogue at the minute but the winners have all risen substantially so is there more I don't no!gl
Hi mate,who knows with this stock but cheers and good luck,hope this crazy market is treating you well.
That because a deal could not be struck in February that suited major holders that a new idea may have been agreed! Because of the small free float might the next move be to take this private,create a business that's very profitable then re float it enabling vendia and co to leave with a much better deal.it would make sense in such a case the 15p is important would that be the offer to sell or anything up to 20p to clear the decks.,would it even be worth staying and taking a huge risk?just guessing here haven't a clue so any thoughts.ps no worries mr Sutch .gla.
13.50 paid a definite buy
Small tick up,anybody have any views on the other non exec choice,lot of contacts is some type of merger in the wind here?
I agree with a lot of what you say in your post however certain things here don't make a lot of sense,if short term funding was an issue it would have suited Boris to swoop in at a later date and pick the assets up for peanuts not come to the rescue.The fact that he has increased his stake and become a non executive director dosent really change control that still is in the hands of Vendia and Elderstreet,so why?The only probable here is Boris didn't want Drinkmaster sold which would have given them the ability to pay down debt and working capital but lose a valuable asset and some control over supply.The other scenario and more than probable is a future merger or mergers as Kn suggested when you consider the other appointment made that becomes an even more likely outcome.
I see another 6k buy went through confidence building!
Kn,the strong buy reflects the boris news and what it may mean going forward and yes 20p more than possible but then again as you well no this stock is far from predictable.gl