Rotala Share Discussion Threads

[dosser50] 02/1/2024 17:14

Another update

[xxx] 28/12/2023 04:34

Does that mean they will be ejected from ISA's and this will create a taxable event ?

[dosser50] 22/12/2023 10:42

Thanks. Nice payday coming.

[davidosh] 22/12/2023 10:30

The Scheme is expected to become Effective on 29 January 2024.

Prior to the Scheme becoming Effective, it is intended that an application will be made to the London Stock Exchange for the cancellation of the admission to trading of the Rotala Shares on AIM, such cancellation to be conditional on the Scheme becoming Effective, and to take effect on and from or shortly after the Effective Date. The last day of dealings in Rotala Shares is expected to be the Business Day prior to the Effective Date as set out in the expected timetable of principal events in the Appendix below. It is also proposed that, as soon as reasonably practicable following the Effective Date, Rotala will be re-registered as a private limited company.

If any of the key dates set out in the timetable change, Rotala will give notice of this change by issuing an announcement through a Regulatory Information Service and by making such announcement available on Rotala's website at www.rotalaplc.com/our-investors/recommended-offer-for-the-company/ .

[dosser50] 22/12/2023 09:51

When is the final deal expected to happen?

[winston270] 20/11/2023 23:23

Does anyone think ROL could attract a hostile bid from another UK based Transport Group?

[battlebus2] 20/11/2023 15:53

Yep, 63.5p in cash. Great to see.

[dosser50] 20/11/2023 15:38

Money, money, money.

[dosser50] 31/10/2023 13:59

On the up today

[davidosh] 23/10/2023 22:48

Potentially good news for the remaining business....

[winston270] 17/10/2023 09:47

Maybe the independent directors aren't so keen on the indicative offer currently on the table i.e. price / being excluded from the deal to take Rotala private.

[rolo7] 17/10/2023 07:26

National express results weren't that great, awaiting bus sells to clear for cash in business to be used to buy business

[battlebus2] 17/10/2023 07:14

Extension. I wonder why?

[winston270] 16/10/2023 12:02

The Dunn's have until 5.00 p.m. tommorrow (17 October 2023) to make a formal offer or apply for an extension.

[winston270] 29/9/2023 12:08

Rotala are currently in the process of re-financing some of their existing vehicles, with new charges being applied to Diamond Bus Limited & Diamond Bus North West Ltd in the past few days.

[winston270] 27/9/2023 15:00

RNS released following completion of the disposal of 134 buses to Go North West via TfGM, Rotala should now have a reduced group net debt of circa £21.4 million following the £17.7 million cash injection.

I'd still like to see a new set of accounts before we have to consider voting on any potential offer being put forward.

[winston270] 20/9/2023 10:24

It's interesting that the Dunn's have made the move now, especially whilst large disposals are still going through...

[davidosh] 19/9/2023 23:18

Winston270.....Totally agree and a relatively clean set of accounts are needed to fully understand how the company can now be valued.

[winston270] 19/9/2023 16:03

Rotala should still be due another cash payment for the 134 buses they are selling to Go North West this weekend when Tranche 1 Manchester Franchising starts, I'd be more interested to see how that affects group debts levels before weighing up whether the offer they are proposing is decent.

Total disposal proceeds of Bolton Depot & fleet was confirmed as £30.4 million:

They received £12.7 million cash from TfGM following completition of sale of Bolton depot (Interim Results report)
That should leave a further £17.7 million cash still due?

[xxx] 19/9/2023 14:58

Understandable, though I was planning on adding once I had reviwed the company's figures again today !

[dosser50] 19/9/2023 14:39

Nice profit coming here. Pity I sold off one lot last year too cheaply.

[andydaf] 19/9/2023 14:16

Been coming imho.Normaly i would sell but as i think its a done deal will hold as i think its a done deal.A bit bitter sweat as i believe in the management here and was looking to hold for a long time.As always GLA

[battlebus2] 19/9/2023 14:05

Suspected something like this ✅✅✅;✅

Directors offer 63p.