Indigovision Share Discussion Threads

[dangersimpson2] 15/9/2016 22:45

Gengulphus is right, increasing your holding above 30% triggers a bid unless you have a waiver from the takeover panel. You or a concert party can own more but you have to hold it already on listing and increasing your holding when you already own >30% will trigger a bid. I think it is clear to all who the 'noob' is.

[evil_doctor_facilier] 15/9/2016 20:14

Gengulphus

Given the share price strength it looks like New Pistoia are going to buy up to the 30% level again.

Unlikely, as (a) if they do buy up to the 30% level, they'll have to launch a bid; (b) they haven't done it yet, so they cannot do it 'again'!
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Just to correct Mr Gengulphus. Going over 29.999% does not have to necessarily trigger an automatic bid for a a company- period!
Indeed there are many many listed companies who have shareholders above this threshold,

If Mr Gengulphus would like me to explain and educate him on these matters i will be happy to do so. He may find it rather hard going, however, i will endeavour to assist.I am always happy to help out the 'noobs' of the community.

Regards
The doc.

[michaelmouse] 15/9/2016 13:27

The problem with Indigovision in recent years is that it's lost any competitive edge it once had. It's no longer a growth company and it can't guarantee a regular income stream either. A key issue for investors has always been a lack of forward visibility. It doesn't have any recurring revenue stream.

The only reason to buy the shares would be that you probably won't lose your shirt since the balance sheet is solid and the shares trade a slight discount to net assets (although I'd question the quality of those assets). Potentially a bid target, but imo that's not a compelling reason to buy shares in the company.

It wouldn't matter how they had presented today's results. Adjusted figures or not the issues I have outlined above and many times on my blog still remain.

e.g. "market conditions remain highly competitive and the timing of a number of customer projects remains uncertain"

"but this gain was offset by lower camera prices arising from continued competitive market conditions."

[dangersimpson2] 15/9/2016 12:53

I can't help imaging what the results would have looked like if they were presented by a less conservatively run company. They would have removed redundancy costs as exceptional, capitilised half the R&D and reported an 'underlying profit' of $800k. They would have championed the $2.4m OCF.

I much prefer the conservative approach but it does amaze me how many investors get taken in by 'adjusted' figures from other companies.

[varies] 15/9/2016 10:03

More patience required as usual here but we are at least led to expect a satisfactory outcome for the full year and a dividend when this outcome is known.

[sharw] 14/9/2016 17:25

We know very roughly what they will bring as the trading update was more specific than a lot of companies:



The big question is what will the outlook statement say?

[fangorn2] 14/9/2016 16:56

Interims tomorrow apparently..Wonder what they'll bring?

[she-ra] 13/9/2016 16:18

JayKayTee - No its not.

[jaykaytee] 13/9/2016 16:17

Slowly dripping down...losing all the previous gains

[1birddog] 06/9/2016 07:26

this is v firm imo
Wouldn't be surprised if she broke out towards 200-220 looking at height of prior leg

[bigbigdave] 06/9/2016 06:54

Got a mention in SCSW at the weekend.

[1birddog] 06/9/2016 06:38

Thanks Luckymouse, A useful bowl on chart to 500p

[luckymouse] 06/9/2016 02:59

Divergence on both the long & short oscillator usually a high probability turn
Perhaps reflecting they are now exiting the loss making period
directors wife purchase indicates a return of confidence

free stock charts from uk.advfn.com

[gengulphus] 26/8/2016 00:03

Given the share price strength it looks like New Pistoia are going to buy up to the 30% level again.

Unlikely, as (a) if they do buy up to the 30% level, they'll have to launch a bid; (b) they haven't done it yet, so they cannot do it 'again'!

The serious point of which is that the next RNS we see from them about their holding won't be a simple increase to 30% - it will either be a takeover announcement or a decrease to 28% or below. They've still got scope to increase their holding level above the 29.005% announced yesterday but below 30% - but if they do so, we'll probably never hear about it.

Gengulphus

[hugepants] 24/8/2016 22:12

Given the share price strength it looks like New Pistoia are going to buy up to the 30% level again.

[dangersimpson2] 23/8/2016 15:47

New Pistoia playing their trading games again. Selling 25k on 5th Aug and buying back 2.5k on 16th August. Reckon they have lost out this time though. If they bought back the remaining 22.5k they would have to pay more than they sold for.

[1birddog] 23/8/2016 13:53

Whoosh up it goes

Results soon

[1birddog] 23/8/2016 13:04

woah going up aagin

[betelgeuse1] 23/8/2016 11:02

up again on L2

[1birddog] 23/8/2016 08:08

12,500 buy at 157p, 2p over the price

This be wanted

[1birddog] 22/8/2016 13:39

interims 15 sept

[opodio] 19/8/2016 14:52

up again, up up up and then whoosh, 190p with results on 15 september

[abarclay] 19/8/2016 10:02

being wanted today.

[1birddog] 19/8/2016 08:15

Cheers alterego