Lifeline Sci Share Discussion Threads

[trier1] 02/9/2016 08:32

It looks to me that Panmure Gordon are the NOMAD but the got approval of the offer price from Piper Jaffray. Wouldn't it usually be the NOMAD who did this work?

[sailing john] 02/9/2016 08:24

Nothing to add to above
Although I can't hear the fat lady singing yet
SJ

[makw61] 02/9/2016 08:23

It's not a very liquid stock so it only takes a few disappointed PI's selling to move the price down. It will probably settle at some sort of a discount to the offer price, maybe nearer 285-290p. It's probably a bit small for merger arbitrageurs but in theory you could borrow money to buy the shares, hedge the FX risk and lock in a nice profit - assuming it all completes in December.
Alternatively, it's the market saying it's not going to happen. Have to see where the share price settles next few days I guess.

[interceptor2] 02/9/2016 08:21

It may be a buying opportunity at a certain level, but the stock is still illiquid and even a modest amount of selling pressure will cause a mark down.

I wonder at what price buyers may be tempted?

[jimbob17] 02/9/2016 08:20

This looks a done deal to me as 40% of the shareholders have given irrevocable undertaking to vote in favour. So given a counter bid is unlikely, you have to wait 3 months to get the funds and hope the £ does not strengthen much against the $ in that time.
If you can live with that, you can make 10% in 3 months I reckon.

[trier1] 02/9/2016 08:19

The issue is the exchange rate in December. If it goes against us the cash offer will fall in sterling terms although a fall this far would seem unlikely

[interceptor2] 02/9/2016 08:18

As already expressed here this announcement is rather disappointing, shame the management have gone for the soft option when the business seems to be performing well.

[2vdm] 02/9/2016 08:16

Can someone please help me here? The share price has fallen, but if there is a cash offer isn't this a buying opportunity? I'm a bit confused here as I thought that this was probably a "done deal".

[battlebus2] 02/9/2016 08:11

The market doesn't like it either with the mark down. Bloody buying opportunity lol.

[2vdm] 02/9/2016 08:03

Couldn't agree more. I've been sitting here for years watching this grow slowly and just when we get to the point where it can really get going we get ripped off. What a disgrace.

[makw61] 02/9/2016 07:58

Only on AIM....
If I read the announcement correctly then both the merger agreement and the motion to de-list need to pass. The latter needs 75% approval - can't see them getting that. Hopefully Blackrock et al will kick off as this is an incredibly poor result for shareholders and I would prefer to keep my share given the strength of current trading.
Wonder what price the shares will open at - sterling has strengthened last 24 hours.

[cfro] 02/9/2016 07:39

Very poor results for shareholders. Glad i got bored and sold my holding about a month ago, i didnt miss anything.

Once again shareholders are dumped on by management.

[toyin] 02/9/2016 07:34

The only thing to hope for is some other company thinks the same as us and comes to the party with a sensible offer.

All the best

[battlebus2] 02/9/2016 07:29

The Trading update was very encouraging too. Merger my ass.... Directors get the payout and keep their jobs???
Any other offers apply now!!!

[somerset lad] 02/9/2016 07:26

Agreed BB2: price is poor (and flattered by £ weakness).

[yamaha865] 02/9/2016 07:26

What a disgrace

[battlebus2] 02/9/2016 07:14

Very disappointed at the boards decision to sell at 312 given the positive direction the company was going. I would have been prepared to continue as rather than this pound/ dollar dependant deal.

[somerset lad] 01/9/2016 09:11

Neatly put Boonkoh. LSI have a strong finance department, so I'd expect them to be able to put out a trading update when they say. FWIW, my money's on your first option (good news soon). DYOR etc etc.

[boonkoh] 31/8/2016 15:17

Delay in trading update. Either good news (due to offer being announced) or bad news (irregularities found leading to delay in results). Take your pick!

[battlebus2] 31/8/2016 14:29

Eezy i'm guessing it's the final dotting of the dots before announcing.....

[js666] 31/8/2016 14:25

This has just produced a buy signal at 306, stop loss at 296

[eezymunny] 31/8/2016 09:08

No update this morning then. Interestingly you can buy and sell in reasonable size at 304p, no spread. I'd say somebody knows something - but I don't have a clue what I think someone knows :)

[battlebus2] 26/8/2016 21:55

I see we have grabbed another transport programme up from 218 to 219 in 32 countries.

[battlebus2] 26/8/2016 13:12

More like mystic meg :))

[dab26] 26/8/2016 12:13

^ Battlebus perhaps? ^ :)