Inspired Cap Share Discussion Threads

[oregano] 02/7/2015 14:21

share price ticking up towards the offer price tells me we should expect an increased and recommended offer, as i have previously speculated.

[quepassa] 02/7/2015 10:45

But come on.

Normally a Board replies next day saying that the offer significantly undervalues the company, expecting to get a better price.

Or, if the think it is a fair price, they recommend it.

Radio silence is plain bad form.



ALL IMO> DYOR.
QP

[hop53ton] 02/7/2015 10:06

Agree that it's odd. I think that under Takeover Code rules the board has until 14 days after publication of the offer document by which time they must respond - Bentley posted last Thursday so that gives Inspired until this time next week.

[shaka198] 30/6/2015 14:22

All very strange, about time LSE stepped in to regulate.

[p1nkfish] 30/6/2015 10:18

Bentley haven't moved to shareholders either.
Had no document or letter yet.

[quepassa] 30/6/2015 07:17

or possibly, that the whole thing may or may not have been a planned coup from the outset to oust the new management and then to permit the Company to be delivered into the hands of Bentley at a cheap price.

they are fully aware that they are not following through on their promise to make a shareholder announcement.

they are by now effectively hanging shareholders out to dry.

in my opinion any acting chairman or acting ceo with an ounce of integrity would not treat small shareholders so dismally.

all imo. dyor.
qp

[p1nkfish] 29/6/2015 23:03

well they seem out of their depth and lacking leadership.

bentley picked their time well.

[shaka198] 29/6/2015 17:42

Am also not keen on this at a time when business is growing steadily, need the Board to get off the pot and say something useful to give us a steer?

[alimo] 29/6/2015 01:12

Voting against, too....

[ryry0707] 27/6/2015 16:56

I'm voting against

[p1nkfish] 27/6/2015 09:34

read the offer carefully.

If he gets 75%, maybe 70%, i forget the exact number, they will de-list.

that threat is what i find too aggressive for my liking and i am looking to vote against.

i don't like being muscled out with a threat.


i bought to hold for the long haul on the back of helping uk sme's whilst making a good return.

this will now become an off-shore billionaires vehicle to cycle his billions to make money off uk sme's without pi's having a chance for their sipps and isas.

concentrating sme performance returns into his hands, not the public market.

socialise the cost of support to sme's via gov policy but concentrate lending profits into a private vehicle.

[quepassa] 27/6/2015 08:22

I guess it would be the decent thing to do, if The Board gave their shareholders a view as to how the Board sees the offer.

In my opinion only, it is both disgraceful and spectacularly bad form that the Board of INSC have not given the shareholders any guidance. - And that silence perhaps speaks volumes.

It's a simple question. Are the Board for it, or against it?

Maybe they've all gone on holiday to the Caribbean.


ALL IMO> DYOR.
QP

[technofiend] 27/6/2015 07:53

I'm voting against this offer.

What is everyone else doing?

[alimo] 27/6/2015 02:15

""Spurs-backer and British billionaire Joe Lewis has made a £44mln offer for finance provider Inspired Capital (LON:INSC).

"Lewis’s Bentley Park (UK), which already owns 17.1% of Inspired, is offering 20p per share, a premium of 26% on Friday’s closing price.

Lewis, who runs the Tavistock Group investment organisation headquartered in the Bahamas, first approached Inspired on 22 May, four days after the former chief executive and chairman resigned.

The new offer bypasses Inspired’s board to go straight to shareholders after the previous approach was rejected by the board.

Lewis needs a 90% majority to own Inspired Capital.""

My thoughts are Joe Lewis can see how fast INSC are growing and is wanting to grab the action on the cheap and use his pile to grow this exponentially. He can afford to pay a lot more, but maybe this mr big wants not to pay more, and expects all the shareholders to stand and deliver. Two directors have scarpered pretty quick. 'Nuf to frighten all us poor wee guys. But you guys will tell me how he gets the 20% of INSC that is held in treasury, cos I don't know .....

Just maybe the takeout prize is 50p, eh?

[p1nkfish] 26/6/2015 22:41

investegate have history going back years but I can't be bothered to look at the holdings history.

INSC on google finance goes back towards 2007 and is usually normalised for any extra issuance or consolidation and the price was up towards £2 at points.

It's probably just noise to Henderson but could also impact the value of their PHD holding.

[alimo] 26/6/2015 18:25

Gets interesting if the ones who left recently start to appear in Bentleys. How do Hendersons have to accept 20p when they paid a higher price for the shares under Renovo. I tried to look at the past history for Renovo but couldn't find - any ideas?

[p1nkfish] 25/6/2015 23:49

Looking for another option to gain some defence or leverage against Bentley. They must an ounce but the silence is deafening and probably scrambling around and trying to see what chance Bentley will get a high take up of the offer.

Oh to be a fly on the wall. What fun tbey must be having.

[quepassa] 25/6/2015 16:47

This is what INSC said on 15th June, ten days ago by RNS:-

QUOTE

The board of directors of Inspired (the "Inspired Board") will carefully consider its position regarding the unsolicited Offer and a further announcement will be made in due course. The Inspired Board recommends that Inspired shareholders take no action at present and await a further announcement from the Inspired Board.

UNQUOTE

has anyone seen a further announcement by The Board? - Just in case I missed it somewhere along the line.



In my opinion only , it may or may not seem questionable that they recommended that shareholders take no action but haven't yet followed through after ten days on their promised "further announcement".

ALL IMO> DYOR.
QP.

[p1nkfish] 25/6/2015 09:50

Note 13 on the offer makes the intentions perfectly clear.

[p1nkfish] 25/6/2015 09:27

Just ask what date there is expected to a response from the company.
I think they are confused as to what to do.
Ultimately, if the majority take 20p then it's a done deal anyway.
Henderson will be in the thick of it.
Fortunately small PI's that took the risk sub 16p will at least make a profit in relatively quick order.

Proactis need to be kept on-side too as they have the deal for the market place. Lose that and INSC lose and so will Bentley.

If Proactis cold raise the money it might make a decent merger for SME's on-line. Henderson with fingers in both pies.

[alimo] 24/6/2015 19:20

Spose the directors think none of us have the time to speak to the authorities and check that all is being done for the benefit of the small shareholder. Think I'll try and find out who our Co Sec and Nomad are. They'll know if an RNS is due or should I say overdue.

[quepassa] 24/6/2015 15:57

who knows!?

my guess is that it will turn out as a "done deal" with a full board recommendation at 20p.

the alacrity with which the management departed recently was astonishing. that was not normal in my experience and in my opinion.

if they had received any competing offer, they should have sent an RNS by now in my view.

equally, if they had wanted to reject the offeror's approach, they would in my opinion most certainly have done it by now.

that's my guess why the management left as they saw there was no point hanging on.

all above in my opinion only.

the shenanigans - with no reference to INSC- which can sometimes go on with some small AIM stocks are jaw-dropping at times.

Ask yourself the following question. Do you get a warm and comfortable feeling that your best interests as a small shareholder are being well looked after with this company and that you are being kept well-informed as to what is going on? Answers on a scale of zero to ten would be revealing.

ALL IMO. DYOR.
QP

[shaka198] 24/6/2015 15:20

Still nothing from BOD, about time they said/did something, may be speaking to a white knight elsewhere?

[p1nkfish] 23/6/2015 23:15

Silence is deafening.
No robust rebuttal.

[p1nkfish] 19/6/2015 14:21

peculiar silence.
wonder if the company are approaching other potential suitors to encourage greater release of value?

i wouldn't consider this silence normal under the circumstances.