Low & Bonar Share Discussion Threads

[no dice] 20/4/2020 09:50

Expected scheme effective date is Tue 12 May - cash should hit shareholders' accounts at latest 14 days afterwards so sometime in week commencing 25 May.

[the stinger] 20/4/2020 09:48

Guy Fawkes..... no probs.... also glad for all employees...

[time_traveller] 20/4/2020 09:14

Relieved to be out of a 350,000 position, roughly break even after high risk, high return gambles at 6p, added to my much higher priced long term investments in LWB, and in a way, good that I both subscribed to the OO, and hadn't sold immediately after the bid, as I probably would have reinvested it in a stinker like burford capital. Glad low and bonar employees keep their jobs (once c19 blows over).

[meijiman] 20/4/2020 08:29

Very interesting...one of the occasions when the market was wrong..maybe.
The view was simply that the Germans would use covid to negotiate the price down from 15p. Sometimes it pays to be a contrarian.

[guy_fawkes] 20/4/2020 08:22

Thank you LWB for the £7k and many thanks to the stinger.

[time_traveller] 20/4/2020 08:19

Phew! I'm glad I held my nerve, and held my quite substantial holding based on historical probabilities of takeovers completing from this stage of the process. 250% gains were on offer to anyone who didn't listen to the more baner, sorry banal naysayers.

[the stinger] 19/4/2020 20:23

10/12p open for me ...

[arthur_lame_stocks] 19/4/2020 12:41

You're lucky the offer looks like going through as these were probably bust without it.

[pejaten] 19/4/2020 12:15

You are dreaming! I had shares in REdx. 5.5p before offer of 15.5, best you could get at open was 14p. This is not going to be any different.

[the stinger] 19/4/2020 08:17

Anything under 15p is a gift really!! In this market... probs get in at 10/12p still a hefty rise from there..

[napoleon 14th] 18/4/2020 23:24

The market is usually faster than us PIs, & this time they have the whole W/E
to get wise to it. I'll be around when markets open but IMO those getting the
uplift to 15.5p already have the shares and bought before the deal got the green light. MMs will probably only supply shares at 15p, not less.
After all, why should they?

[the stinger] 18/4/2020 17:15

May get in at 8.5p to 9p for a 60% uplift ?...

[denzil55] 18/4/2020 16:48

Good luck with that however I would think the MM's won't let you buy for much less than 15p.

[meijiman] 18/4/2020 16:44

Is it closed for acceptances? If not then you could buy in the market at 8p or whatever and cash in with 15.5p. What's not to like?

[denzil55] 18/4/2020 15:57

15.5p Was the offer.

[cool hand kev] 18/4/2020 14:57

So what do you expect this to open up on Monday morning and where does it say what the offer is?
Thanks in advance.

[baner] 18/4/2020 13:21

fantastic achievement in particular by the L&B chairman Daniel Dayan. to have kept this going and now being able to complete the deal - under exceptionally difficult circumstances - is nothing but heroic!

[pejaten] 17/4/2020 19:42

Yes, fantastic news for everyone.

[the stinger] 09/4/2020 20:20

IMPORTANT INFORMATION – OFFER FROM FV BETEILIGUNGS-GMBH (FVB)
The Notice of Annual General Meeting and Form of Proxy, and where requested, the 2019 Annual Report, are being sent to Low & Bonar
shareholders now although the 2020 Annual General Meeting will not be held until Friday 22 May 2020. It is possible that the FVB offer will
complete before 22 May 2020 in which case it will not be necessary for you to attend the 2020 Annual General Meeting.
Regulatory clearances are still awaited in respect of the FVB offer and once these are close to being substantially finalised, we expect to send
shareholders an update on the offer and the next steps to be taken.
The 2020 Annual General Meeting will proceed as notified in the Notice of Annual General Meeting if you do not receive any further
communication from Low & Bonar.

[the stinger] 09/4/2020 20:19

Looks like it's going ahead?,

[the stinger] 28/3/2020 16:23

Good luck to all holders and to especially the employees of L&B , here's hoping the EU pass phase 1 and keep their jobs for them.

[time_traveller] 27/3/2020 21:56

Again, warnings about what ifs, should EU competition phase 1 not be approved. I'm not understanding why it's considered a particular threat, but the fact they've searched for contingency plans is ominous. Actually I don't know why they bothered as I can't see any real prospect for a fund raise or extra borrowing - it would be over for share holders. But if it is approved, then they didn't say they expect takeover SHOULD go ahead, they said it WOULD go ahead - it implies Freudenberg is still on with the plan.

Kudos though for at least getting the results out, under the virus situation - that's more than several larger and better resourced companies managed recently!