|Dee Valley Grp
||EPS - Basic
||Market Cap (m)
|Gas Water & Utilities
|praipus: "The opposing shareholders have confirmed to the Company that no appeal will be made. "
|praipus: Ancala are probably not fit to run a public utility company for the reasons/questions I mentioned above in post #485
If there was any doubt they are now proving it with their actions and assumptions.
|praipus: Good that DVW is on top of it.....
|praipus: DVW results look good......
|praipus: ODDO Meriten Asset Management at it again another 2,000 DVW at £18.00 using a CFD
Just in case anyone else is interested I try to track what ODDO and other arbitrageurs are up to on the WAM thread
Agreed it’s in the document that they will delist so if any holders think they will continue getting dividends and a share price then think again. It’s all down to the value of the bid, and if you look you will see SVT have removed the CMA phase 2 clause from the conditions. Read the statement they put out on Friday|
|ellie15: Praipus, when SWW acquired BW the WIA and CMA ruling was that if the company had a turn over of 10million then it would be refereed to a CMA level 2, that ruling has since changed, otherwise DVW would be an automatic referral. The fact that it involves a Welsh company at a time when there are significant changes in the not too distant future regards devolution and that there is so much political pressure surrounding this and undoubtedly other factors relating to the potential for a level 2 investigation does throw an element of risk in to the equation in my opinion. If SVT fail then the share price will drop so a missed opportunity to cash in so the question is, take the risk and lose out or take the high price now without risk. As a customer of DVW also, I have stated previously that there is a potential to lose out with the inevitable higher bills from SVT and the fact that I would prefer to keep my water supplier local with local people on employment so a number of reasons. From a shareholder point of view, I believe there is uncertainty and with Ancala revised statement, there is also still the option for the remaining shareholders to continue with dividends so the vote isn't a foregone conclusion imo|
|ellie15: WHy are Ancala leaving the bid on the table, is there some uncertainty about SVT coming out on top, they have from the start stated they will withdraw in the event of a phase 2 CMA investigation, a lot of political pressure against SVT acquiring DVW. If SVT fail then the share price drops, those who want to sell will lose the opportunity to cash in on shares. Maybe time to cash in with Ancala and let them take 51%, that leaves those who don't want to sell still able to take dividends. Amazing how people selling shares to Ancala are all vulnerable or pensioners, don't see it myself.|
|ellie15: Share price would no doubt head south if both bids fail but why wouldn't it recover and continue to pay shareholders dividends which have been subject to steady growth over the years? As they've survived for many years on their own, can't see why they would be unable to continue to do so particularly as they already outperform the big players, SVT included in many areas already. Lose / lose for those of us who are DVW customers, no dividends, poor customer service and inflated bills. Would still take the Ancala offer if it came to one of the two as that gives the most surety for me and many others as customers.|
|redartbmud: If both bids fail, the share price will head back south, from whence it came.
In the longer term. will it be capable of keeping up with it's bigger peers and the demands of Ofwat?|
Dee Valley Grp share price data is direct from the London Stock Exchange