Regenersis Share Discussion Threads

[rivaldo] 16/3/2016 09:50

Eclair, it's all in the Circular (which is on RGS' web site). Precise terms are yet to be decided, but the most relevant paragraph is this:

"If the Proposed Tender Offer Resolution is approved, it is the current intention that Shareholders will be given the opportunity to tender their Ordinary Shares for cash, and that the Proposed Tender Offer will be implemented on the basis of the Tender Offer Bank acquiring, as principal, the
successfully tendered Ordinary Shares at a ‘‘strike price’’ and selling them to the Company at the same price. For the purposes of seeking the authority to implement the repurchase associated with the Proposed Tender Offer, it is necessary to set upper and lower limits at which Ordinary Shares may be repurchased. The Proposed Tender Offer Resolution requires the repurchase price to be within the range of 150 pence to 250 pence per Ordinary Share. The repurchase price (and hence the Strike Price) will be determined at the level necessary to result in the repurchase of the maximum number of Ordinary Shares while having a total cost not exceeding the amount to be returned to Shareholders under the Proposed Tender Offer and subsequent repurchase. However,
the repurchase price (and hence the Strike Price) will not be set at an amount which exceeds the Board’s assessment of the intrinsic worth of the Ordinary Shares. Up to 33,333,333 Ordinary Shares will be repurchased through the Proposed Tender Offer and the subsequent repurchase (being 42.2 per cent. of the Company’s issued share capital as at 12 February 2016 which was the
latest practicable date for such determination prior to the publication of this circular)."

[eclair] 16/3/2016 08:51

Could someone please explain to me how this tender process works. My guess is that they offer to buy a percentage of our shares at a stated price, such that if everyone takes up the offer, it will amount to approx £50m. Am I wide of the mark here?

Thanks in advance.

[cocker] 15/3/2016 20:50

Interesting times indeed. Anybody prepared to have a stab at the tender price which is likely to be offered. Surely it has to be a decent size carrot to tempt investors.

[battlebus2] 15/3/2016 19:12

Healthy volume today bodes well, some large buys over £100k.

[pj 1] 15/3/2016 11:03

LOL, certainly!! as long as you stand up to be counted on prediction that go the other way! :-0

[battlebus2] 15/3/2016 10:49

[-0 Take a bow
))

[cocker] 15/3/2016 10:47

Surely post 1271 deserves a pat on the old back for his little prediction.

[rivaldo] 15/3/2016 10:42

Yep, cheers PJ1.

Looks like the market has been convinced.....there's the new highs.

[battlebus2] 15/3/2016 09:54

Good to see another tick up and closing in on new highs again. Thanks for the feedback PJ1.

[cocker] 14/3/2016 11:16

I suspect this is the start of a move nearer 250

[pj 1] 11/3/2016 08:21

An expected 'slick' results presentation / webinar yesterday. The Blanco CEO certainly has the 'speak'. It will be an interesting ride to see if they deliver. A lower but progressive divided policy being adopted and a hint at excelerating future growth? 20% tax. Return to shareholders within weeks of Repairs settlement-£50m leaving net cash £9.9m,Client retention up to an impressive 88% (can they get it higher?). 120% target cash generation (but for how long-unsure), ongoing 60% of R &D to be capitalised, Sales Opps MENA region and China, then possibly Latin America. My understanding was bulk organic growth with small M&A.

[rivaldo] 11/3/2016 07:28

Good to see director buying of shares from an NED - almost £15,000's worth:

[rivaldo] 08/3/2016 15:19

Panmure Gordon reiterate their Buy and 320p target:

Http ://www.proactiveinvestors.co.uk/companies/news/123415/regenersis-boosts-revenues-as-it-focuses-on-data-software-123415.html

"City firm Panmure repeated a 'buy' and 320p target price.

"Interim results provide clear evidence that data erasure is a fast growing and profitable segment of the software market," it said."

[cocker] 08/3/2016 11:59

Lucky the results were quality otherwise we would have been in trouble.

[rivaldo] 08/3/2016 09:11

Superb performance from Blancco, ahead of expectations - and Equity Development have increased their target price to 240p (from 225p):



Cheers re the Peel Hunt update GHF. I calculated Blancco would have a fair bit more than £10m net cash post-distribution, but perhaps PH are being conservative.

It seems Digital Care will have a competing bid situation, which would be excellent news.

Looks like Xcaliber is doing well too, and Blancco will presumably buy out the rest fairly soon assuming it continues to thrive.

[ali47fish] 08/3/2016 08:59

not sustaining the rise?

[glasshalfull] 08/3/2016 08:06

Blancco is growing at a lick.

Per Peel Hunt,

Blancco H1 growth was stronger than expected with revenues +46% to £9.9m (+51% constant currency) and a 35% operating margin. The Group highlight KPIs in Blancco which show North America & ROW driving growth and new product verticals such as Live Environment Erasure (erasure service for data centre clients) exceeding expectations.

We upgrade our sales growth assumption from 25% to 30% and PBT forecasts for Blancco growing by 16% in 2016 and 15% for 2017. The disposal of the repair division and £50m capital return is expected to complete in Q2 and the Digital care business which is also up for sale is garnering interest from a number of large insurance companies. Post deal, Blancco would have net cash of c£10m and valued on 3.3x FY17 sales, falling to 2.6x FY18."

Regards,
GHF

[koolio] 08/3/2016 07:49

Great results; need a few more in my portfolio like this.

[cocker] 02/3/2016 14:22

All passed then & I am beginning to wonder if I am the only one who rates this as one of the best stocks on AIM.

[mfhmfh] 01/3/2016 21:23

GM tomorrow to seek shareholder approval for disposal of part of the business

[davebowler] 16/2/2016 10:29

Edison-
The €103.5m (£78m) price for the Repair Services business is more than 10% ahead of the estimate in our sum of the parts. We estimate that the return of £50m cash to investors could leave Blancco well-funded to drive growth of the data erasure business with net cash of approximately £10m. The disposal of the Digital Care business, the remaining part of the Aftermarket Services division placed under review in September 2015, should provide a relatively small but welcome further fillip to finances. The value of the legacy businesses is now clear and investor attention will be focused solely on the exciting opportunity for Blancco Technology Group, as it is to be renamed, as a leader in data erasure.