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Industr. Multi Share Discussion Threads
Showing 126 to 149 of 150 messages
|Will HSTN need to pay more?.
I hold HSTN so was hoping that would not be the case.|
|Looked clear Friday HSTN hoovering up at just under the offer price.|
|thought they would want more.
refinancing is due sometime next year
this could bring down finance costs very rapidly
with a bounce back in nett asset value since late july
certainly if alpha was left out of refinancing then costs will come down
I think i read somewhere that HSTN will become managers of the portfolio whatever
so costs coming down there as well
HSTN grabbing what they can here at the low offer price
can't blame them with a foot in the door they can push alpha out quickly
not sure whether alpha have enough to stop a deal at the moment|
|Well I sold about half to crystalise a very useful profit, and will now await developments for the other half.|
|So ART want more, not surprising and would have to agree on UK industrial
|Many thanks FF. Think what I might do is sell half and keep half on Monday.|
|The offer is at a slightly better price than I expected and i am doubtful that a superior offer will emerge, so was minded to take the cash now rather than wait.
|What motivates you to get out at this stage, flyfisher?|
|A far quicker resolution than selling the assets and winding up. This proved to be an excellent speculation, i exited yesterday morning.
Well done to the few that are here.|
|Looks like Hansteen are in the market buying up stock.|
|Well done folks, lovely way to start the weekend!.
I hold HSTN and this would be quite a modest sized buy for them,
their acquisition record is very strong, however they will have a
good idea of the price they are willing to pay.|
|not surprising with just less than 1% support and no institutions accepting the offer so far.
guessing this is an opening salvo?
under the new rules passed at the agm this offer had to come to shareholders
guess they could walkaway if they don't get the support they want
still brings them into play which is good news for all shareholders|
|Surprising lack of interest here at the £3/share offer!|
|I see now why I had at least two phone calls and about 6 written requests for my vote, even though I only have 2500 shares. The margin was very close. (I voted for, for and against, fortunately, after advice from another thread).|
|So the incumbents win the first vote. I wonder if they really will get on and sell up... All a bit of a saga.|
|Have to confess I have not studied this closely enough to decide whether it is in my interests to vote for resns. 1 and 2,and against, as recommended by the Company, or to do the opposite. Is anyone willing to opine, please?|
|Maybe a capital raise of £2.50 would get away and make this proposition more attractive or a rights issue equivalent. This would get the LTV down and nicely.|
|They want the job to sell don't they??|
|Interesting to read in todays circular that JLL anticipate that a portfolio sale would achieve a premium to a sum of the parts, also they comment that the properties are held in special purpose vehicles, the sale of which would not attract SDRT, further enhancing potential sale price.
It looks like we are being dressed up for a sale.|
|Of course they should but as you say that probably doesn't suit anyone holding the Aces...|
|What do you think?
It is not difficult to find companies that seek to raise cash to bail them out of their poor management of the business. In this case, i would not support it.
The directors should have given shareholders a voice when the james stocks offer arrived.
They should now put a motion to the egm to sell the assets and wind up the company.|
|My sums suggest a £20m raise at 210p and a refinance of remaining debt at 5% and they could pay a divi of c.9%, at 4% a divi of c. 12%. So quite attractive.
Looking at the US 10yr yield chart they may not be able to refinance anything soon!|
|I'd say "The board want to keep their jobs" ie a fundraise to reduce LTV is likeliest outcome flyfisher, tho a sale is highly preferable to outsiders IMO. They'd need to raise c. £20m to get LTV below 50%. Just a question of price - no reason it can't be done at a premium to current share price but I guess that's unlikely. What do you think?
"The Independent Directors all favoured a refinancing structure which reduced the overall level of debt through an issue of new Shares, providing existing Shareholders with an opportunity to participate"
I'd participate in that at the right price...|
|I note that it is only when the directors jobs are at threat, that they decide to give shareholders the option to vote on a sale, note that we have already had an approach at nav, and with the stock being broadly held i feel that a sale is the more probable outcome.
Also the convening of a meeting several weeks forward could be construed as giving a bidder time to approach, prior to the meeting.
I remain firmly on the buy side.|