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TFC Trafficmaster

46.75
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Trafficmaster LSE:TFC London Ordinary Share GB0007215949 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 46.75 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trafficmaster Share Discussion Threads

Showing 11101 to 11123 of 11250 messages
Chat Pages: 450  449  448  447  446  445  444  443  442  441  440  439  Older
DateSubjectAuthorDiscuss
18/6/2010
08:20
rest they have bought cfds rather than shares, what's the significance of this?
tratante
18/6/2010
07:43
First Eagle raises.
restassured
17/6/2010
19:49
Despite all the interest shown , herewith reply from Capita:

Dear Keith
Thank you for your email.
At present the AGM is the only available meeting to cast your online proxy vote for.
The 2nd meeting for the special resolutions will be available after 18 June 2010. Please login and try again after this date.

Many Thanks

Heather Martindale

Shareholder Information Group



Capita Registrars Limited I The Registry I 34 Beckenham Road I Beckenham I Kent I BR3 4TU

humbagash
17/6/2010
19:20
Yup, got my emails through into the 'vote' section of eservices and voted my pennies accordingly :)
argylerich
17/6/2010
15:16
nick100 - you can set yourself up to receive and vote on any corporate actions and/or agm resolutions by going into 'eservices' in your account.

I did this last week and have this week electronically voted on all the resolutions - you also get an email when any new resolutions are put forward.

lostandconfused
17/6/2010
14:16
How do I vote against this offer I hold a nomminee account with TD waterhouse?
nick100
17/6/2010
13:13
Seems unlikely that we will get another offer, but at just 10% chance I thought it was worth a punt.
sdavis
17/6/2010
10:49
"as Vector Capital was the only party to confirm that it was in a position to immediately announce a firm offer *at this price*"

at this price, does this suggest both bidders were offering about the same, but only Vector could deliver immediately?

Looks to me this is going to go ahead.

Rest, it doesn't have to be one buyer for the shares. A number of people will have been buying hoping for an improved offer. Surely if no improved bid is forthcoming they will vote for the current arrangement to limit their down side.

tratante
17/6/2010
10:33
Furthermore you could argue that the reason Vector went for a Scheme as opposed to a full blow takeover,was because they are aware they may yet be outbid.A schem is a low risk and low cost method of taking over a company.


Interesting times.


Who has been happily buying all the shares?

restassured
17/6/2010
10:24
Two interesting parts....

1/.Prior to 2010, Trafficmaster received several unsolicited approaches which resulted in indicative offers from prospective acquirers representing both industrial/trade buyers and private equity buyers.


Why was the market not at any time informed that TFC had received a potential bid approach


2/.At this stage, as Vector Capital was the only party to confirm that it was in a position to immediately announce a firm offer at this price, the Independent Directors determined to recommend the Acquisition to Trafficmaster Shareholders."





"In a position to immediately announce."
Doesn't that sound like someone else may announce a little later????

restassured
17/6/2010
10:12
GerdM
All the information in the Blair article is to be found in the Scheme Document:



This is the relevant bit about interest shown by potential bidders:

"Prior to 2010, Trafficmaster received several unsolicited approaches which resulted in indicative offers from prospective acquirers representing both industrial/trade buyers and private equity buyers. These offers, at values materially below the Acquisition, were all rejected by the Board, after consultation with its financial advisors, as not representing fair and reasonable value to Trafficmaster Shareholders.

More recently, after considering the ongoing pace of consolidation in the US market, the Company's limited success in executing its own acquisition strategy, the likely negative impact on the Company's value should it not actively participate in this consolidation, and following receipt of two separate indicative offers, one of which the Board considered could deliver fair value to Trafficmaster Shareholders, the Board decided to allow these two interested parties to proceed in their preparatory work towards firm offers for the Company.

In parallel, the Board and its financial advisors contacted, or were contacted by, certain other parties potentially interested in making an offer for the Company. Following a movement in its share price and press speculation, on 28 April 2010 Trafficmaster announced that it was in discussions which might lead to an offer for the Company. Subsequently a further approach was received from a third party which also proceeded in its preparatory work towards a firm offer for the Company.

As at 1 June 2010 and after extensive due diligence investigations in a competitive process, the Board had received confirmation from both of the initially interested parties of interest in proceeding to make a firm offer to Trafficmaster Shareholders at a price of 47 pence per share. At this stage, as Vector Capital was the only party to confirm that it was in a position to immediately announce a firm offer at this price, the Independent Directors determined to recommend the Acquisition to Trafficmaster Shareholders."

orange1
17/6/2010
09:42
restassured, good article. Amazing how little private investors are told. Wonder how they decided who won the auction. Was it the one that gave the best deal for shareholders or the one that gave the best deal for management?

If competitors have let this go to Vector then they might be in for a shock. With capital at their disposal then this won't be the same old sleepy TFC as in the past but a new very aggressive animal.

Not sure what guarantees management have but if they don't deliver rapido then then will soon be sidelined and disposed of within months.

Competitors will then have the option to compete or buy this one at a hugely inflated price in 3 or 4 years.

Competing with TFC management is one thing but competing with a highly motivated and aggressive PE firm changes everything.

gerdmuller
17/6/2010
08:34
!!
excellent!
it will take them a while if they are dripping them into the market at that rate.

actually, it was 121,598 shares which were accepted in one hit- so there is obviously plenty of liquidity in the mkt.

lfc4ever
17/6/2010
08:25
Big player eh? 107 shares lol
restassured
17/6/2010
08:20
well, i've just sold out at 46.6.
looks to me as though the chances of a higher bidder emerging are now a bit slim.
bigger chance, imo, of the votes not stacking up, in which case share price will plummet.

more risk than potential reward, so sold.

lfc4ever
17/6/2010
08:06
Top, I tend to agree with you. If there were three bidders that's two who presumably won't be making an enhanced offer having already had the chance. A counter bid will have to emerge in the next few days if it's going to influence holders before the vote deadline. Without another bid I think people will accept the offer, poor though it is, rather than the uncertainty that would follow it's rejection.
tratante
16/6/2010
20:51
TD were supose to call me back today after they had contacted the third party
I shell call them again tommorow i am on the case

samsingh
16/6/2010
20:03
maxchampagne/samsingh I've finally made some progress with TDW after bending some ears. You need to make sure that you inform them that you wish to participate in the vote and they then forward this info to a 3rd party, Broadridge.

I'll give this company a couple of days to contact me then start arm twisting again if need be.

Does anyone know what sort of trouble a broker can get into by giving out incorrect information??

argylerich
16/6/2010
19:59
restassured - good post.

I do think this is a poor offer, but given it's at four times the recent low I can't see it failing unless another party enters the fray. Always a possibility, but looking less likely over recent days if the share price is used as a measure.

topvest
16/6/2010
15:47
Could this be shorted by whos buying
samsingh
16/6/2010
15:02
Does anyone have any idea why a secretive New York hedge fund should be interested in TFC.

Who are they acting for?

Vector or someone else?

I just think it has gone very quiet and TFC shareholders are about to be stitched up by institutions after a quick buck. I have seen no negative institutional comment on this so that worries me.

gerdmuller
16/6/2010
14:42
Gruss up to 3.9m shares 2.6%.
tom306
16/6/2010
14:40
Gruss bought another 500,000 @46.75p
restassured
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