Csr Share Discussion Threads

[john of groats] 20/8/2015 13:02

I think it is 27th August.

John

[ken_uk] 20/8/2015 12:48

Anybody who knows when they are going to make the payment ?

[jontyone] 25/7/2015 09:49

Chinese clearance now obtained and a couple of hearings and CSR will be no more.

"However, the acquisition’s finalization still requires the court to sanction the scheme at the First Court Hearing, and confirm the reduction of capital at the Second Court Hearing. CSR revealed that the first hearing is scheduled for August 11; this will be followed up by a hearing, two days later. CSR also unveiled that it will send out an application to the UK Listing Authority, and to the London Stock Exchange, in regard to the halt in CSR shares’ trading by 12 August, and cancellation, effective from 17 August."

[investoree] 17/7/2015 20:31

I spoke to TD Direct by telephone today and was informed that there is apparently a Corporate Action placed on their system which is beleived to have an action date of 1st August 2015 (whatever that means). Because this information is currently embargoed and because I am going on a break until the end of August with very little chance of being able to accesss the Internet I am effectively stuffed as they will NOT accept my instructions either verbally or in writing and until the information is released onto their CA section of their website I cannot make a declaration. Isn't modern technology wonderful - had I been aware that this shambles was going to take place I could have simply sold them in the market for a much higher price than they currently are!

[jmf69] 23/4/2015 13:46

Towards the end of summer. Not heard anything else

[sunsetwarrior] 23/4/2015 09:11

Do we have a date for completion of the buy out?

[alphahunter] 09/2/2015 21:36

Penwater Capital Management has joined recently the cash vs bid arbitrage, mopping-up traditional long-only funds' sales (like Schroders) it seems.

No stamp duty with CFD - may be 2% pa. funding cost - and no sale trading commission if the shares are brought to the bid I believe.

[jmf69] 03/2/2015 13:05

Minus dealing charges and stamp duty but I'm still holding

[malcolmmm] 25/11/2014 07:58

Will take the 900p, not an option unless they shoot up in the interim , 160% profit isn't bad after all

[ken_uk] 12/11/2014 07:51

Dividend
In view of the Qualcomm Offer, the Board does not
intend to pay or recommend for payment any further dividends prior to the completion of the transaction.


Share Buyback
In view of the Qualcomm Offer, the share buyback programme has now been
suspended and the Board does not intend to undertake any further share buybacks prior to the completion of the
transaction.

[ken_uk] 12/11/2014 07:33

Is this a bit too much ?
Sure they are generous but this doesn't reflect the true value of CSR and the potentials for Qualcomm and this in many ways more than just CSR products.
It will bring to Qualcomm much more so I guess this is undervalued.


“On 15 October 2014, we reached agreement with Qualcomm Incorporated (“QualcommR21;), regarding the terms of a
recommended cash offer for CSR by Qualcomm Global Trading Pte. Ltd. (“QGT”), an indirect wholly owned subsidiary of
Qualcomm. We believe that the offer from Qualcomm provides CSR shareholders with an immediate and certain value
which is highly attractive, reflecting the dedication and commitment of CSR’s people.”

[ken_uk] 12/11/2014 07:17

Q3 2014 financial performance:
o Revenue of $212.2m (Q3 2013: $252.1m) down 16% year-on-year, as expected reflecting mainly an 80%
decline in Legacy revenue,
o Core revenue of $199.5m (Q3 2013: $190.1m) up 5% year-on-year, reflecting mainly strong growth in
Voice & Music revenue,
o Record underlying gross margin 60.1% (Q3 2013: 52.8%); IFRS gross margin 59.7% (Q3 2013: 52.0%) mainly
due to change in revenue mix towards Core,
o Underlying operating profit of $41.1m (Q3 2013: $34.0m); IFRS operating profit of $29.3m (Q3 2013:
$16.7m),
o Underlying diluted earnings per ordinary share of $0.20 (Q3 2013: $0.15),
o Ended Q3 2014 with cash, cash equivalents and treasury deposits of $262.9m (Q3 2013: $293.3m).
 Momentum in platform strategy during Q3 2014:
o aptX® added 20 licences taking total to nearly 300,
o Series of Tier One design wins for Bluetooth® Smart,
o Strong level of interest in CSRmesh™,
o Continued revenue growth in Auto factory-fit business and good interest in new generation Auto SoC.

[tolga1] 10/11/2014 18:21

Completely agree there, guaranteed 7-8% profit if all goes well, if I had 100000, would have invested for 8% profit with a chance of a higher counter bid. Will see tick tock....

[sarahbudd] 10/11/2014 14:55

absolutely Mikey, results on 12th too. Wonder whether bid going to be increased after those?

[mikey62] 10/11/2014 14:50

Bought in at 826......am I missing something?Seems like money for nothing and cheques for free to quote Dire Straits.Obviously there is always an element of execution risk but this looks a done deal.....if it falls through, still a good co with possible other suitors down the line IMO.