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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sepura | SEPU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 19.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 19.75 |
| Top Posts |
|---|
Posted at 13/4/2017 08:35 by slicethepie The reality is we don't have a solid base of investors in the uk, |
Posted at 29/3/2017 11:16 by tabhair I agree management haven't got a clue what they are doing here, their original timetable for the takeover completion was wildly inaccurate. Perhaps not entirely all their fault - but they are paying millions to lawyers for advice. The legal eagles really should have foreseen such difficulties and provided better guidance!I still think in all this the retail investors are underestimating the risk of bankruptcy here. Sepura are already in breach of their banking covenants and thanks to the mounting costs of this takeover and an already weak liquidity position, as each day passes, they get closer to the edge. Everyone is aware of Sepura's difficulties, especially their large customers who I am sure are getting very concerned. As news of Sepura's desperate position continues to leak out, do you think they will be more or less likely to postpone/cancel orders for new equipment? In the event they have to buy, do you not think they will be using their knowledge of Sepura's weak financial position to squeeze them further? For me, there is a very real risk here that their liquidity position dries up and they are forced to declare bankruptcy. That is why I have to laugh at the retail investors who were angry at the 20p takeover offer. The likes of Miton and the former Goldman boys who have large shareholdings are not stupid and will have an ear closer to the ground than any of us. For them to accept the 20p offer indicates the desperate position that Sepura is in. |
Posted at 27/2/2017 11:23 by 1gw Alternative to sale.For the prognosis here I go back to the statement in the interims on 22nd November: "In agreement with the lenders, the new management team is proactively exploring a range of other strategic options, including an accelerated turn-around plan, alternative funding arrangements and a possible sale of certain assets. The outcome for shareholders resulting from a number of those options is currently uncertain." The last sentence I took as code for likely to lead to significant shareprice falls, although at the time the shareprice had been over 20p I think in anticipation of an offer from Hytera. But the reality now is that a further 3 months has already passed since that interims statement, during which time I imagine cashflow has been solidly negative. I can't imagine investors having any appetite for a placing, even heavily discounted, so maybe a debt-for-equity swap leaving the lenders with most of the equity or perhaps an attempt at a quick firesale of Teltronic. I would expect the new Chairman and interim CEO to be working with advisors (and maybe already with interested potential buyers) on how quickly and how much cash could be raised from targeted disposals if the Hytera deal were to fall through. |
Posted at 21/2/2017 16:27 by exbroker The private investors will start to buy when the price starts to go up, its they way they work! |
Posted at 01/2/2017 09:15 by 1gw I was treating it as a low-cost option before the vote. But I think things change a bit if we get to the vote.The risk is that shareholders try to finesse the situation by voting down the deal and that Hytera then uses that as an excuse to walk away because it has had second thoughts. Quite a low probability I think, but possible. I'm not so worried about the main holders. I wouldn't be particularly surprised if, for example, Henderson, Jonathan Green and Michael Sherwood (with 23% between them) try it on and threaten to vote against the deal unless Hytera sweetens it. But I think they would flag that (to Hyteran and Sepura) very clearly ahead of the vote and any negotiation would be done before the vote, with a delay in the vote possible while things were settled. The risk I'm concerned about is that some of the smaller institutional players together with a good chunk of the private investors vote against and they manage to get the 25% needed to block it. This would only be a problem if Hytera really had changed its mind and wasn't prepared to sweeten the deal, but we have no idea how trading has gone over the last couple of months and things may have taken a turn for the worse. So I think I'm happy to hold my original position through the vote and would expect to get 20p, but I might sell the other 1/2 of the shares I picked up on 16th December before the vote. |
Posted at 07/12/2016 09:52 by 1gw Hendersons. Here's a post I put on the LSE board a while ago. In my mind this is the most likely reason for Hendersons sale - that the AlphaGen Capital part of the company is focusing on "liquid, scalable" strategies and their Sepura holding does not fit and so is being sold down taking advantage of the current bid premium.Since I put the post below we have had a further holdings notice that confirms it is still AlphaGen selling. They are down to 4.4% vs the 8.5% (by deduction) they held on 4th November at the start of the "offer period" whereas HGI are still at the 6.5% they held on 4th Nov. Post I put on LSE board: If you look at the holdings notices, as someone else pointed out, Hendersons holdings are split between 2 subsidiaries: Alphagen Capital Henderson Global Investors It appears to be Alphagen Capital which is selling down their Sepura position. Now recently a team from Alphagen Capital moved to another company. As part of the press around that move, I noticed the following: 'Paul Graham, CEO of AlphaGen Capital, says: “As our business model is increasingly focused on more liquid and scalable strategies, we agreed with Volantis that moving to Lombard Odier IM would be in the best interest of investors.' Now it occurs to me that Alphagen's investment in Sepura (essentially now a very small cap special situations position) is neither very liquid nor very scalable. So is it as simple as saying that Alphagen's holding in Sepura no longer fits the company's investment criteria and so they are liquidating the position in a way which tries to avoid too much disruption to the share price? Link to the article on the move of the "Volantis" team from Alphagen to Lombard Odier, from hedgeweek: |
Posted at 22/11/2016 09:55 by shroder There are a few observations from an investors standpoint why does the share price move ahead of official RNS news releases?If management can produce half year (unaudited) results, surely they can tie up any offer or at least illicit a firm commitment. Why are key investors selling at this level (Drinkwater)? |
Posted at 18/11/2016 14:12 by supernumerary This is the official China Stock Market news site: You can see there it has a listing: '002 583 Hytera About planning major issues suspension notice' That link leads here: Which contains the announcement, clearly dated 18-11-2016. I can only assume that as 1gw suggests, it's an extension to the current arrangement. My translation of the notice is no clearer than HughGW's, although slightly different in places: ------- Stock code: 002583 Stock abbreviation: Hai Nengda announcement number: 2016-127 Hai Nengda Communication Co., Ltd Announcement on Suspension of Significant Events The Company and all the members of the Board of Directors ensure that the information disclosed is true, accurate and complete, and there is no false record, Misleading statements or material omissions. (Hereinafter referred to as "Company") is planning to list on the London Stock Exchange ( "LSE"). (The "Possible Offer") in respect of all the shares of the Company's wholly-owned subsidiary, Sepura plc (hereinafter referred to as "Sapporo") (Hereinafter referred to as "the matter"). Sapple is a professional digital walkie-talkie, mobile communications equipment and solutions Case suppliers, belonging to the private network communications industry. Whether the company finally made a formal offer there are still significant uncertainties, If the company finally makes a formal offer, it is expected to constitute a significant contract. In view of the major uncertainties in the matter, in order to safeguard the interests of investors, to avoid abnormal stock price of the company , According to the "Shenzhen Stock Exchange Listing Rules", "Shenzhen Stock Exchange SME board information disclosure industry Memorandum of Understanding No. 14: Listed Companies to stop trading resumption of business "and the relevant provisions of the Shenzhen Stock Exchange to apply, the company Stock (Stock abbreviation: Hai Nengda, stock code: 002583) on November 21, 2016 (Monday) opened the city from the suspension, It is estimated that the suspension period will not exceed 10 trading days. After the matter has been further progressed, the Company will promptly make the suspension in accordance with the relevant provisions. Cloth-related notice and resume trading. During the suspension, the company will be in accordance with the progress of the matter, in strict accordance with the relevant laws and regulations and requirements, and When the implementation of information disclosure obligations. The designated information disclosure media are Securities Times, Shanghai Securities News and Securities Times Securities Daily and Juchao Website ( all the information of the Company is in the form specified above Media disclosure shall prevail. Whether the company finally made a formal offer is still a major uncertainty, the final signing of the phase There is still significant uncertainty about the contract, please investors rational investment, attention to investment risk. |
Posted at 18/11/2016 12:54 by hugh g wrection Re Post 2664My reading of the link posted (translated from google) is that the suspension will take effect from Monday 21st Nov for 10days. The announcement was dated today and contains statements about updates which cannot be over the weekend as markets are closed assuming that the notice was about resuming trading on the 21st as some are suggesting. I think that the misconceptions reflect the inaccuracies/vagarie HGW >>>>> Stock Code: 002583 Abbreviation of securities: Hai Nengda Notice number: 2016-127 Hai Neng of communications Company Limited on Notice of suspension of major events The Company and all the members of the Board of Directors ensure that the information disclosed is true, accurate and complete, and there is no false record,Misleading statements or material omissions Hai Neng of communications Co., Ltd. (hereinafter referred to as the "Company") Is planning Listed on the London Stock Exchange Sepura Plc (Hereinafter referred to as "Sapple Company")Of the total shares Make a possible offer Possible offer Matters (Hereinafter referred to as "the matter." Sapple Company Is a professional digital walkie-talkie, mobile communications equipment and solutions Case suppliers, belonging to the private network communications industry. There is still significant uncertainty as to whether the company will eventually make a formal offer, & Lt; If the company finally made a formal offer, Is expected to constitute a major contract In view of the matter There is a major uncertainty, in order to safeguard the interests of investors, to avoid abnormal stock price of the company's stock, According to the "Shenzhen Stock Exchange Listing Rules", "Shenzhen Stock Exchange SME board information disclosure industry Memorandum of Understanding 14 number: City companies to resume trading card business " And the relevant provisions, the application to the Shenzhen Stock Exchange, the company Stock (stock abbreviation: Hai Nengda, Stock code: 002583)in 2016 year 11 month twenty one day(Monday)Opened from the suspension, Expected suspension time is not exceeded 10 A trading day, Subject to further progress on the matter after the company will According to the relevant provisions of a timely manner Cloth-related notice and resume trading. During the suspension period, the company will be based on The progress of the matter, in strict accordance with the relevant laws and regulations and requirements, and When the implementation of information disclosure obligations. The designated information disclosure media are Securities Times, Shanghai Securities News and Securities Times Coupon daily "and the huge influx of information network ( The company's information is specified in the above Media disclosure shall prevail. Whether the company finally made a formal offer is still heavy Large uncertainty, The final can sign phase There is still significant uncertainty about the contract, Please majority of investors Rational investment, pay attention to investment risk Special announcement Hai Neng of communications Board of Directors of a joint stock limited company 2016 year 11 month 18 day |
Posted at 13/10/2016 12:52 by recovery1 I think its just down to general uncertainty generated from the RNS's last month. With both Profit warning and CEO taking a back step would deter a lot of new investors. long termers will have a different view as most of us know the business well enough as well as understand the fundamentals the business offers. and those of us who have contacted the company also know its 'business as usual'.. supported by contract wins. That said, big red flag still in place putting the fear in a lot of investors. I have taken advantage of such situation and added more justified by my feelings on recovery as well as strong instinct on take over.. |
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