Raymarine Share Discussion Threads

[sea and sky] 14/5/2010 16:47

oh I see you've already covered that Boffster... price agreed as received. Simon? Care to wager?

[restassured] 14/5/2010 16:46

The administrator will be mindful of the following statement,which was talking about Garmin.




The highest of these approaches was received from a direct
| competitor of Raymarine and is subject to a number of
| pre-conditions including, inter alia, the completion of
| satisfactory due diligence and securing appropriate anti-trust
| approvals. While the Board continues to investigate this
| proposal, it is the Board's opinion, having received extensive
| anti-trust advice from its legal counsel, that any offer from
| the above mentioned direct competitor is highly likely to be
| subject to an in-depth review by the competition authorities
| and that anti-trust approval is unlikely to be secured.
|
| Further, the Board believes that a protracted anti-trust
| approval process for a transaction with the above mentioned
| direct competitor would be highly damaging to Raymarine's
| business, especially given the Company's financial position and
| its reliance on its banking syndicate for continuing covenant
| waivers.

[boffster] 14/5/2010 16:46

Optomists? Nah, never done an eye test in my life.

[boffster] 14/5/2010 16:45

I for one think Garmin will get the all-clear. With Garmin as the suitor the long term prospects of the co. (and most importantly, jobs) are assured.

[az209] 14/5/2010 16:44

Well it,s good to see that most of you are optomists.

[boffster] 14/5/2010 16:40

RAYMARINE SHAREHOLDERS PAYOUT COMPETITION - PRIZE A BOTTLE OF CHAMPAGNE (APPRENTLY DECENT)

(This is the amount per share that shareholders will receive after admin costs, one poster one price, no changing your mind)

Kab6 33p
Goalmachine 30p
Walerius 29p
Gcom2 27.5p
Boffster 25p
Sea and Sky 23p
Debbiegee 17.6p
Induna 8.75p
Envirovision 8p
mallorca90 4.5p
AZ209 0p

[sea and sky] 14/5/2010 16:40

thanks Boffster - if you can keep tabs as I am away a far bit from tomorrow onwards. I'll give you an email address soon that you can use to let me know when a final result and winner is known. I guess we should establish that this is the price we as shareholders actually receive - not the offer price or whatever. Ok by all?

[sapper2476] 14/5/2010 16:37

Looking that way......

[pearcy2] 14/5/2010 16:36

have I got this right - RAY going into administration?

[sapper2476] 14/5/2010 16:36

This could seriously drag on, although I would not be surprised to see another RNS this evening. On the bright side your shares are unlikely to go down at present.........

[debbiegee] 14/5/2010 16:36

Surely they can avoid administrator costs if the bidder just pays all creditors/debts and returns the remainder to shareholders ?
Surely going into suspension at 17.5 bid is a clue ???????
I say 17.5 !

[waleriuszwatrobka] 14/5/2010 16:35

...Boff, put me down for 29p, gl to all holders, heck the BOD, bunch of crooks ;-)

[mallorca 90] 14/5/2010 16:35

I agree. But have changed mine to 0p. But leave it at 4.5p if you wish for the purpose of the competition.

[gcom2] 14/5/2010 16:35

27.5p
ps,i'm rarely wrong

[boffster] 14/5/2010 16:35

RAYMARINE SHAREHOLDERS PAYOUT COMPETITION - PRIZE A BOTTLE OF CHAMPAGNE (APPRENTLY DECENT)
(One poster one price, no changing your mind, and whole numbers only)

Kab6 33p
Goalmachine 30p
Boffster 25p
Sea and Sky 23p
Induna 9p
Envirovision 8p
AZ209 0p

[smellyjim] 14/5/2010 16:34

surprised you've not put a ' - ' in front of your guess mallorca.

[envirovision] 14/5/2010 16:34

Boffster

Be fair to mallorca, you have to allow decimal places ie. 4.5p should be valued and winner is nearest yea?

[mallorca 90] 14/5/2010 16:33

Add me too 0p

[induna123] 14/5/2010 16:32

Add my name to the list

Induna 8.75p

[goalmachine2] 14/5/2010 16:32

Put me down at 30p. Please.

[sea and sky] 14/5/2010 16:31

it's cos I'm in holiday mood Boffster. It will be a decent bottle (not vintage mind you!)

[restassured] 14/5/2010 16:31

We will see what the final result is.

What we know for sure is Raymarine is bankrupt.

[mallorca 90] 14/5/2010 16:29

The expert has spoken (restassured)


I said 4.5p.

Changing that to zero. Garmin can pick up what they want from the administrator for crumbs.