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SOR Supporta

30.50
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Supporta LSE:SOR London Ordinary Share GB0032703059 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 30.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 30.50 GBX

Supporta (SOR) Latest News

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Supporta (SOR) Discussions and Chat

Supporta Forums and Chat

Date Time Title Posts
28/1/201009:17**** GIVE US YOUR SUPPORTA ***52
18/5/200711:09Supporta with Charts25
14/12/200512:55sor4
08/11/200517:14Supporta44
10/5/200516:10Who is going to supporta discussion on SUPPORTA ?3

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Supporta (SOR) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Supporta (SOR) Top Chat Posts

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Posted at 04/9/2008 15:34 by phillis
Amazing eh

Price jumps at 10.30am

RNS isssued at 13.21pm
Posted at 04/9/2008 13:35 by parvez
3rd time lucky fingers crossed that it comes way above current price..
Posted at 23/7/2008 17:23 by longshanks
I wonder if this is all done and dusted.

The important notice that came with this notification indicates that Romac reserves its right to make a bid within 6 months subject to certain conditions.

We still have the 3rd party in the background who was prepared to make an offer (with Romac's agreement). The fact that Romac weren't happy to sell at that price but are, on reflection, equally unhappy to match because it is not at this time in the interests of its stakeholders leaves me thinking there is yet more to come on this.

Deutsche Bank have just acquired 6%....from where I wonder - there has been no noticeably corresponding trades and no RNS yet from a stakeholder who has reduced by the same amount.
Posted at 22/7/2008 07:12 by tonester30ccfc
22 July 2008
Romac Investments Limited ("Romac" or the "Company")
Termination of discussions with Supporta plc
On 13 June 2008 Romac announced that it had sent a letter to the Board of Supporta on 23 April 2008 outlining the terms and conditions of an indicative offer for the entire issued and to be issued share capital of Supporta (the 'Proposal'). The Proposal was rejected by the Board of Supporta on 5 June 2008. Since that date Romac has been considering its options, one of which included making a revised proposal to the Board of Supporta. However, having assessed all of the available options, Romac has concluded that it is not at this time in the interests of its stakeholders to continue discussions with Supporta in relation to a revised proposal, and so does not currently intend to make an offer for the entire issued and to be issued share capital of Supporta (subject to the below).
Posted at 19/6/2008 06:15 by longshanks
OK - John Gannon - Development Director - ex MD of Terraquest.

Interesting to see insiders increasing their stake

Considering info about the potential offer was not public domain at the time of his purchase - is this not insider dealing? Of course it could be entirely coincidental ;)

-------------------------------------------

By my estimate...Romac have spent approximately £10.5m buying their 30% stake in SOR for an average price of approx 42p. My guess is that their initial proposal was at a takeover price of 30p...to "safeguard their investment" - giving a value of approx £25m to the business (including their existing £10.5m investment) . A counter offer of 40p by the third party would have been below par value for Romac and hence they rejected it. My guess is that they will up their bid to match the 40p offer.

John Gannon in the mean time has been filling his boots - presumably with proceeds from the sale of TerraQuest to SOR. Seeing as he is Development Director - he must be in a key position to see the lie of the land and no doubt has good cause to be optimistic.

Looks to me like the price of a recovery is still not factored into the price...let alone the value ascribed to the business by Romac. Figures are imminent that could well underpin such a recovery and give cause for a rerating by institutional investors.
Posted at 13/6/2008 11:32 by longshanks
...all is coming clearer.

Looks to me like Romac made an approach at, say 30p. The board went to someone else who said they would pay, say 40p (but needed Romac to agree). Romac said no to this and are thinking whether they should bid themselves at this level.

Still murky water...but it looks like the bid is coming...otherwise Romac have the choice of sitting out the share price doldrums (and let the company run itself different to their ideal way) or they take the offer made by this 3rd party and presumably accept the loss on their investment made to date.
Posted at 13/5/2008 13:37 by latifs100
what do you make of ASIAN GROWTH PROPERTIES..[AGP] NET ASET VALUE OF 44P.. PRICE NOW 19P.
Posted at 12/5/2008 14:27 by longshanks
This is as cheap as it will get IMO.

Good sector to be in and current price offers a decent takeover opportunity. Recent trades indicate that someone is interested - and with Gingko on 30% I would expect some flurry of activity in the wake of the June results which may be far better than anticipated.
Posted at 17/4/2007 23:45 by longshanks
LOL Gausie. I've already bought in at 55p. If I had a spare £5K or so idly sitting around, maybe I could be tempted to do so but really I see this as a serious long-term investment rather than wanting to make a couple of quid on a turn.

My point is that there is something going on. The oddity of having a bid price above the offer is strange enough but we've had 5% of the company traded today at the maximum offer price and yet there is no movement in the share price at all.

Equally I can't see why this company hasn't attracted more attention - or held its price better over the last year.
Posted at 12/4/2007 09:09 by longshanks
Some serious buying yesterday and yet the price hardly budged. This share could be about to get some deserved love and affection...

EDIT @ 10:12

Price has surged as I thought it would and now automated buying is restricted to NMS of 500 shares with a very narrow spread. The buyers yesterday, by the size of the trades, appeared to be an institution with a view to a long-term hold...so I feel this has alot further to go until MM's can coax some sellers into the market.

IMHO, the drift in this company's share price has not been justified. Their record of growth is astounding and is exactly what investment funds are looking for. Where one institution goes others will follow and I expect this share to outperform substantially over the next 12 months.
Supporta share price data is direct from the London Stock Exchange

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