The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
And this is a wild guess and pure supposition but in the Snack statement ,reference was made to future shares,could these trades be options added into the float!i don't know the rules regarding this in a takeover situation regarding rns and only a wild guess but the trades had no affect on share price so might it be possible!
Yes I know the trade was cancelled but still strange ,the 16.90 trades are buys showing as sells,are mms trying to worry people into selling and thought more major holders would have begun to report their positions?
Has nobody noticed that trade?
Sold over last week and today and took a loss doing so and mrposhman does present a case,however just don't want to get burned anymore here,from the beginning this seems to have been a train wreck for investors and I pitty those who bought at the beginning .It seems what I expected failed to materialise and the earlier rns were very misleading in there wording could be wrong but all confidence seems to have been lost and I don't want to wait till it gets to . Something and wished I'd sold.I hope I'm wrong all holders,candy,nesty etc but just don't want to take anymore risk .gl
Yes the bid is for the entire share capital of the company,so will get rns stating a offer price and a statement regarding why the offer was excepted or declined.the trades this morning are obviously buys not sells on another issue.
Lol and you used to have a pop at me for my grammar and punctuation?but I do miss your videos atb and wish us all gl.
I think the debtors would just be happy to get their money back it's not the best bet in today's economic climate and co,op in its position well,as I said remember debt is affecting bottom line,in my original post I forgot to mention that on top of the original takeover costs ,Uvenco would spend another few million on top using there new technology machines and rebranding etc.
Hi my friend,your not quite getting what I'm saying,debt costs money and effects the bottom line Uvenco would get rid of the debt it's cheaper if you have money to do that,why pay interest when you don't need to and get nothing for the money you have from a bank!although Snak might have cut costs that might be seen in 2014 after ebitda they would still only make a small profit and going forward the debt would be a major issue,so going private makes sense and even a pe of 15 could be attractive to Uvenco.Its also worth pointing out that in a few years at a million+ profit what would a re float price achieve?
How much the bid is going to be here has been debated many times but there is no doubt that if Uvenco take Snak private they could make in excess of well over a million a year but to do this they would have to pay the debt,so when you consider the takeout price,you have to really look at this and make your own assumptions,what would you pay!if we doubled from here the cost would be14-15 million to Uvenco might just be worth it but much higher then I don't Know.
Although in the release Blair Jenkins says early stage talks,in reality talks have been going on since before October ,when Uvenco announced they where on the acquisition trail and that they were in talks with several companies and that it would take several months to conclude.I would like I said imagine that this is all but done with the release?
I think this bid has been dragging on for a long time now and talks have been ongoing,think the leak and the fast moving announcements IMO prove an offer in reality has been excepted.It would be pointless for Uvenco to make a bid without discussion with major holders,just don't believe the Blair Jenkins release not given who he knows and the time that's passed.The price is for are part pure conjecture as ,kn points out we don't really no the present financial position of the company.
You will not have to vote and if you did it would be meaningless as its the major holders who will decide,the price of the bid will depend on the companies current financial position and future guidance ,with such large debt I think 30p a share max but could be a lot lower,hence why their has not been a crazy rise to the 60p nav figure it won't happen.I have always maintained a price of between 24- 28p with such debt and don't really believe the bidding war story don't think Kraft would be intereseted but all only theory anything possible.
Not sure mate,the posts from mattwales forced me to look deeper into accounts,which I should have done in the first place and I agree with most of what he says the gold price is of course a massive issue going forward I'm sure it will rise in the long term but I see a$1000oz before it does after a retrace so could mean a few calls for cash,will keep a close watch but not for me in short term of course I could be wrong.ps hope your coffee comes soon lol gl
Sold first thing made a small loss but that distressed sell was a warning sighn that shark always makes money and will no doubt take this lower,should have thought more,broke my rules with this should have done more research. Gl
As I said Borris didn't buy anymore he has had to do deal with major holders and it does look like that deal has been struck with three of them! Probably all ,yet to report though! But what price?and would there be a counter offer to that price if rumour true not a small player one of the biggest so I may double my money lol!
Obviously the seller still at work,good job you waited Robin,how low will this go I wounder?
Have all holders gone to margate on jolly boys outing?
Got to go to work now but got in yesterday really based on the nav and cost cuts they could make,just looked to cheap but who knows?glps how long you been holding and what do you think! Will catch your post later.
I presume you mean Baker steel but just how low do they go any idea of what they bought at they must be loosing big at this price.
All those buys yesterday and hardly any recoup of the shares fall and today three sell and it's down,something wrong here being manipulated for some reason I'm sure!