||EPS - Basic
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Shanks Group Share Discussion Threads
Showing 1326 to 1350 of 1350 messages
|Agree - the markets are finding it tough to push higher and any companies announcing profit warnings are taking more than the usual hammering.
Share price may be nudged higher when approval and clearance quoted below have been completed.
"The Merger remains subject to Shanks shareholder approval and anti-trust clearance. Further updates will be provided in due course."
If you have not seen the DT article on the Euro in Tuesday's front page
you may find this interesting.
|I nudged my limit up to 116 , but may regret it later.
I do worry that we could easily get another big fall in the market.|
|wad - day of reckoning bid 115+ do you sell or go for 120P, very small volume.
|Still sniffing that limit , Forex chaos is prob a factor today still.|
|Didn't quite hit my limit today , but knocking on the door. The sterling fall today is even more impressive , busy day for the currency traders.|
|Cannot argue with that - guess on a pullback 100 - 105ish could be the reentry.
|Todays fall in Sterling is not necessarily going to sustain - I will trade out if the share price hits 115 . I would look for a small drop to buy back in , and not that fussed if it floats away.|
|Do not forget after the merger the lions share of earnings are in Euros
currently 114.30 hence the uplift I am sticking with my holding as per my post above.
|Nudging a 2 yr high , the reader in me is getting an itchy sell finger ; watching closely.|
|Cost savings, growth and currency translation should underpin current share price with potential to break out above 110p resistance level.
|I like the way the share price is creeping up ; nothing spectacular but little incremental rises most days.|
|Biffa IPO should renew interest in the sector and from the recent RNS looks like a timely merger.|
|is this dog ever going to get its act together?|
|Looks like a respectable 3 figure share price is imminent again. Does appear to be a done deal now.|
|Found this in the announcement which is reassuring plus current share price so seems to have the approval of the institutions.
"Capital structure of the Combined Group
Following completion, the Board of Shanks anticipates a net debt / EBITDA for the Combined Group, pre synergies, to be broadly similar to Shanks' current standalone leverage expectations. Over time, the Board expects leverage to reduce with the realisation of synergies in the Combined Group and continued application of Shanks' strategy, including active portfolio management."
|Ed 123 I know the feeling! I congratulate them on the initial suspension certainly eased the pressure on negotiations although not a done deal yet feels alright company striving for growth and puts them in a stronger position in European operations, diversifies earnings plus benefits of consolidation focusing business, disposing of lower margin assets. As I have said before regard them as a quasi utility - a little concerned on the additional debt and would like to see the final terms and ratio to market cap and and ebitda.
|Takes a bit of digesting that statement. Ironically the share price is currently exactly where it was suspended.|
|Maybe talking to myself? The shares are finding good support on today's news. Price has gone positive.
AGM will be held Thursday next week. Anyone going?|
|Details of the proposed merger are out today.
New shares to be issued, I'm guessing 1 for 3 rights issue at 65p.
Shanks' dividend to be cut.
I would have preferred to see a bid for Shanks. If anyone were considering such, they now have the target to beat.
To be fair to management, they have been positive and are trying to get higher earnings for shareholders.
... significant enhancement to underlying earnings by the second full financial year after completion (i.e. the Shanks financial year ending 31 March 2019) ...|
|Interesting a potential reverse takeover and significant strengthening of the Euro makes the deal difficult to execute.
|Hard to see an EU company greeting Shanks with the same enthusiasm as a fortnight ago . Can't see a good effect on the share price here. When it finally opens.|
|One of the pleasures of being suspended the share price does not get whacked and maintains
the status quo (subject to BREXIT which was there anyway)
|As we haven't heard anything to the contrary, I'm assuming that the merger is still being planned/negotiated.
I can't see Shanks coming back from suspension this side of the Referendum. The Referendum result may impact on what is agreed between the two parties.
Anyway, I like the suspension. Shanks is my one share that hasn't gone backwards over the past month! ;-/|
|betman - This was a very complicated deal a merger between a UK quoted company and a German partnership. To complete the deal we flew from London to Basle to save on stamp duty and sat in a room for hours reading aloud every page of the merger agreement in front of a Notary, an archaic law going back to the days when most people could not read to protect their interest.
|Thanks A0, I am amazed that a business would be allowed to be suspended for 5 months. That must have big implications for all sorts of reasons. Your previous experience may be about to be repeated if we vote Out !!|