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SEPU Sepura

19.75
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sepura LSE:SEPU London Ordinary Share GB00B1ZBLD47 ORD GBP0.0005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 19.75 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sepura Share Discussion Threads

Showing 3101 to 3123 of 3550 messages
Chat Pages: Latest  130  129  128  127  126  125  124  123  122  121  120  119  Older
DateSubjectAuthorDiscuss
12/12/2016
10:05
Cheers guys just on top of 60m euro loss for 6 months it was a very depressing RNS.Still in jyst the same as firmly believe this company can rebound from here even if to does not occur.
billthebank
12/12/2016
09:58
Every 'potential' bid RNS for every company ever states the same line about uncertainties, it's boilerplate.
scapital
12/12/2016
09:52
Same RNS as last week, just a standard response to the deadline being extended.
v11slr
12/12/2016
09:49
Not a very re assuring rns.in my opinion. Time will tell what the offer if any materialuse will be.Interesting to know what all these uncertainties are??
billthebank
12/12/2016
09:44
It's going to happen. They haven't come this far to back out.35p minimum.
apfindley
12/12/2016
09:33
Something is stirring....
knobbly
10/12/2016
21:37
Interesting, gives a little more information about whats Sepura is upto.
Like the bit about contracts in the USA, think the Chinese might like them to!

hxxp://urgentcomm.com/hytera/hytera-communications-gets-another-week-consider-bid-sepura

peterfos
09/12/2016
09:45
Agreed yaki. Other bidders may even take their chances on the Hytera bid (if there is one) failing at the regulatory approval stage - why rush into a premature bidding war if you think the regulators might kill the other bid anyway? There will likely be several months after a Hytera-Sepura bid for other companies to intervene if they want to - the date of the Sepura shareholder meeting to vote on the bid might be a key one in that context.

I also agree it is Sepura's call on whether to request an extension - but I think it is Hytera that are playing for time. Eventually Sepura have to ask Hytera to "put up or shut up" if no bid arrives, but they will be reluctant to play that card while they think Hytera are genuinely trying to put a decent offer together.

1gw
09/12/2016
09:39
1gw
Any other bidder will be doing its prep work now and waiting for Hytera to come out with the offer terms. No need to butt in, yet

I believe it is in Sepura's hands to decide whether to extend the offer period. So they must be thinking that something good will come out of it!

yaki
09/12/2016
09:32
I think it's Hytera who are posturing though. All the cards seem to be in their hands in the short-term. Sepura want an offer from them and can't seem to entice anyone else to declare publicly before Hytera bid or withdraw. I'm sure Hytera look at Henderson's continued sales and can't believe their luck. Why wouldn't Hytera push this as far out as possible while Henderson continue selling and short-term traders get bored and move on to something else - every day that the share price consolidates around the 20p level or dips below enhances the value (in my opinion) of a bid at a particular premium to that level.

What would be interesting would be if an institution started increasing its holding in Sepura and pushing the price up. I suspect that might speed things up at the Hytera end. But no sign of that yet.

1gw
09/12/2016
09:22
1gw, agreed, but it does no good to posture while your main holder is selling down their holding.

Perhaps the board are unable (for whatever reason) to request a suspension, but it may have given management a stronger hand.

shroder
09/12/2016
09:17
I suspect the delay is just a combination of continued due diligence and negotiating posture.

On due diligence, the Arris-Pace transaction (2 set-top box/network equipment companies) is a reasonably analogous situation I think; there it took about 3 weeks from the first due diligence meeting to the announcement of the recommended offer (that was a much bigger transaction but similar in that both companies were big players in the same sector). Hytera mentioned having begun due diligence in their 30th November announcement and according to at least one poster on LSE also mentioned due diligence in an earlier Shenzen release about continued suspension. So I suspect they've been going for a bit less than 3 weeks so far.

Then on negotiating posture, the question is who gains from continued delay and what is it that stops a further extension? Sepura have to agree to request the extension, but if they really want the best offer from Hytera and think that Hytera is serious about trying to give them one, then why wouldn't they extend? At some point the continued uncertainty will start to have an unacceptably damaging impact on the underlying business but it looks like we're not there yet. From Hytera's point of view they probably think that the longer they delay before finalising bid price the more bid premium may come out of the Sepura share price and the more obvious it will be that no other bidder is going to emerge before they bid.

The likelihood of regulatory approval without having to offer significant concessions will be a part of due diligence but I doubt Hytera would make more than an "informal" approach to any regulators before they bid - more likely they are getting advisors to give expert opinions. The regulatory approval process will start once they get to a recommended offer and could take many months (about 8 months for approvals in the case of Arris-Pace, with Brazil being the final one to give approval iirc).

1gw
09/12/2016
08:41
this is interesting. Hytera raising another 75mln USD tODAY on top of the 150mln they raised recently.


Has Sepura insisted on higher price and Hytera agreed. The 75mln USD can easily finance ADDITIONAL 15p a share!!! So if before they had 25p, then we can have 40p a share?!?

Any views?

yaki
09/12/2016
08:30
At a guess, regulatory constraints, foreign company taking over UK security comms (can you imagine this the other way around) will need additional approvals, if sanctioned.
shroder
09/12/2016
08:25
Really? If they definitely want to buy..... they would already have bought.

I suspect it is because what they are offering (22p max) is not what the directors were hoping for. But Hytera hold all the cards. If the bid falls, the share price will drop below 10p ..... which will make the fundraise even more difficult.

ohdearohdearohdear
09/12/2016
08:13
Good sign They definately want to buy
apfindley
09/12/2016
07:35
That way there is more suspense Walter!
fission453
09/12/2016
07:34
So why ask for 1 week extension twice and not 2 week extension once?
loss-leader
09/12/2016
07:07
The wait goes on

The 1/2 glass full sentiment is that they are dotting the i's and crossing the t's on the agreement

They MUST be close otherwise one of the parties would have walked away

The big question must be how close to what figure?

Intrigue
S

sweenoid
08/12/2016
17:22
If they were needing an extension I think we would have been notified tonight?
I think 7am will reveal al.
I can't believe if they have not settled by now, that they will ever settle at all.

Till the morning
S

sweenoid
08/12/2016
16:58
News Tomorrow.1: Takeover agreed at a small premium2: Takeover agreed at a large premium3: Deadline extended, talks continue4: Another bidder enters the fray5: Takeover withdrawn, talks offWho knows.The price is actually being held back by this takeover as due to the financial position of the company and the Times article, many are not expecting much more than 25p. If talks are off, I would hope the price will actually rise as the company is worth many times more, and was trading at 5 times this price only a few months ago, and that was without the revenues input of the recently acquired teltronic.It may take a year to climb back, if finances stabilise, but as the company keep saying, they have the full support of the lenders and the liquidity isn't as bad as the market is treating it.Tomorrow should be decent movement either direction, hopefully upwards if the market considers what may first appear bad news is infact good news longer term. OR, takeover on and a premium paid, thank you and kerchiiiing.And a bonus of Crispy duck and egg fried rice for each shareholder...due to the month wait.
apfindley
08/12/2016
16:52
I think it shows Henderson have no better idea than the rest of us.
chadders
08/12/2016
12:21
As may 1,2, 3 and probably a few others I haven't listed...
1gw
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