International Distributi... Share Discussion Threads

[1224saj] 17/4/2024 21:15

So very true. Imagine BT moving 50% on and offer price this morning, very corrupt market, always has been. The only luck we need as PI's is to be on the corrupt bull when she leaves the stable

[careful] 17/4/2024 21:01

Amazing how the usual suspects such as Goldman the other dealmakers managed to massage the share price down recently to make 320p look like a reasonable offer.

So many knew about this offer and yet the share price was about 210p this morning.

What rigged market, all we can do is to buy value and ignore these false fiddled share prices.
The whole of the UK market is similar, many shares trading at half price.

[casholaa] 17/4/2024 20:10

At 27.5% he can block anything that requires a 75% majority on any vote.

[1224saj] 17/4/2024 17:14

I can't see the RNS on the ADVFN notice board, could you post it please

[tuftymatt] 17/4/2024 17:08

Right it's starting to make a bit more sense now.

320 getting rejected is correct but where do we go from here? I don't think DK would want to pay more than 360 but that's just my opinion. Would that be acceptable, I doubt it.

As I said earlier I hold DLG and look what happened there on bid news that went away. To be honest I hope this does turn into something but won't be adding.

Good luck all 👍🏻

[moorsie2] 17/4/2024 16:51

320 is opportunistic but more an opening salvo to put this company in play..

[window kleaner] 17/4/2024 16:45

Kretinsky owns 27% shares

[casholaa] 17/4/2024 16:40

The rns was at 4.29pm, hence the share price shot up.

[1224saj] 17/4/2024 16:32

Probably nearer to 3.48 which would be a 20% premium to the 12 month high

[casholaa] 17/4/2024 16:31

The Board of IDS (the "Board") confirms that on 9 April 2024 it received a preliminary and conditional non-binding proposal from EP Group regarding a possible cash offer for the entire issued and to be issued share capital of IDS not already owned by EP Group and its affiliates, namely VESA Equity Investment S.à r.l ("VESA Equity") at 320 pence per share (the "Possible Offer"). VESA Equity is an approximately 27.5% shareholder in IDS.

[1224saj] 17/4/2024 16:31

I would say their bud was around 2.45, 15% up on the close last night. I think they would have to be north of 3,00

[casholaa] 17/4/2024 16:27

If the CWU were serious, there is nothing stopping them from making a rival offer.

[casholaa] 17/4/2024 16:25

I'd have thought that we'd get an rns too. They could at least let us know which side of £4 or £10 or £20 the offer were at. They should know that we fully concluded £4+ on this board last year before implementation of the efficiencies.

[burziancz] 17/4/2024 16:24

....

CWU RESPONSE TO BREAKING NEWS OF POTENTIAL ROYAL MAIL TAKEOVER
The breaking news of an impending takeover bid for Royal Mail Group (IDS) by Daniel Kretinsky is another significant moment.
The truth is handing over the ownership of one of the UK’s most prestigious institutions to a foreign equity investor cannot be right. But neither is the current model or direction of the company.
The truth is Royal Mail needs a new ownership and governance model that builds a postal service for the workers and customers and not one built solely focused on shareholder payouts and driving down the service and the terms and conditions of the workers.
The CWU will be campaigning publicly and politically to deliver this change of direction.
Dave Ward
General Secretary

[crystball1] 17/4/2024 15:45

Why hasn't there been a RNS?

[rudder] 17/4/2024 15:40

Curry style bid. Don’t get too excited.

[isis] 17/4/2024 15:33

Before Covid hit Citibank had a £10 target on these and plenty others over £5- you can't blame Kretinsky for wanting a bargain - that's what he does!
Looks like he might Sweet talk the Unions who don't know the Rse's from the lbows!

[isis] 17/4/2024 15:27

Well at least it will hopefully put a line under the share price as only an idiot would short a bit target! ;-))

[isis] 17/4/2024 14:47

Sunak dismissed Ofcom's recommendations before he had even seen them!

[tuftymatt] 17/4/2024 14:36

I agree and can't understand why such a fall recently isis

My thoughts were in a rising market this should be pushing 300 not sub 220 as it was earlier today.

If bid talk can't get it back above it's 3 month high then what will? The fact it got rejected bothers me as if DK doesn't come back with a much better bid then a drop to closer to today's low seems very possible to me in the short term.

Good luck all 👍🏻

[casholaa] 17/4/2024 14:34

@isis, yep and then the elite market likely got the news of the offer and the share price tanked with shares being lapped-up until the 'news' was made public today. Even now, we don't know the offer digits!