ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

AN. Alternative Net

333.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alternative Net LSE:AN. London Ordinary Share GB00B05KXX82 ORD 0.125P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 333.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 333.50 GBX

Alternative Networks (AN.) Latest News

Real-Time news about Alternative Net (London Stock Exchange): 0 recent articles

Alternative Networks (AN.) Discussions and Chat

Alternative Networks Forums and Chat

Date Time Title Posts
23/12/201612:55Alternative Networks - another new multi-blagger?384
19/2/200510:23Alternative Networks, New Tech Stock On Aim 18/2/054

Add a New Thread

Alternative Networks (AN.) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Alternative Networks (AN.) Top Chat Posts

Top Posts
Posted at 23/12/2016 10:32 by spectoacc
So that's it for the bid, all gone through and shares suspended, just awaiting cash into a/c. Goodbye a decent divi payer & IHT stock, hello CGT bill - shouldn't complain, but as the IC put it - "AN goes out at a low". Should have gone for a lot more IMO.
Posted at 26/11/2016 12:13 by spectoacc
Thanks @s2lowner, good point re AIM, couldn't agree more! There's the odd good company, generally family-dominated ones - Nichols would fall into that category.

More interested in which are IHT-qualifying - plenty on AIM aren't. Seems the good ones are either over-bought, bought (AN.!) or, as you say, switch listing.
Posted at 22/11/2016 13:01 by spectoacc
Thanks @s2, thought that must be the case. Pity. Investec selling I see; surprised so many large blocks going through c.2.5p below the bid price.
Posted at 22/11/2016 12:43 by s2lowner
I have had confirmation from AN that no final dividend will be paid as it is anticipate that the acquisition will have been completed by that time
Posted at 21/11/2016 15:37 by s2lowner
From the takeover panel website in brief summary of the rules:

When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).

I am no expert but why not in this case ?

Kestrel Partners has shorted the shares 1.45 % would that be to underpin the share price of their holding I can't see them listed as a major shareholder
Posted at 21/11/2016 12:45 by s2lowner
Daisy an AIM company taken private last year has taken over so expect no favours its obvious that the Stock market doesn't work for them and it doesn't want loads of little shareholders.

It wouldn't be that surprising if it makes a miraculous financial recovery soon after it goes private and the existing Directors or those how enthused over the deal do nicely out of it.

If the shares weren't so under rated then this type of deal wouldn't have been feasible but they will save millions on dividends, financial advisors, stockmarket listings etc

I would have expected about £400 dividend in April for the year end does anyone know if that is to be honoured ? as the takeover is expected to be taken over by the year end.

I wonder how long they have been in discussions if that overlapped with the rns announcements about profits etc ?

You get a lot of companies announcing that they are in discussions with xyz about a possible takeover but not in this case why ?

They must have been having behind the scenes discussions with advisors Rothschilds and Investec who were so generous in their suggestion of what a reasonable market price how long have these discussions being going on for?

They have had behind the scenes discussions with major shareholders as well

Not happy
Posted at 21/11/2016 11:35 by rhubarbcrumble
As a long term holder, I am very disappointed with the terms of the offer.

I too bought this share for IHT purposes as well as the growing dividend.

I notice that Octopus are supporting the deal. I imagine that this is in their IHT portfolio.

I doubt that there will be a counter offer. The directors are supporting it, having taken advice.

This suggests to me that the turnaround may be a long time in coming and that the profit warning may not have been the last.
Posted at 21/11/2016 09:05 by spectoacc
Scheme of Arrangement & 57%+ irrevocables, but counter-bid not out of the question - they need 75%. If it is them buying today they might creep over, but otherwise I'm looking for a counter-bid. I'd say this is c.£2 short of a knock-out offer. It's not even the average price for the past 12 months.

Understood @Lord Gnome - not sure I've anywhere else for the money atm! Particularly disgruntled as this was an IHT purchase for me.

No mention of the Dec Final divi that I can see.

Edit - the 3m-odd that have gone through in blocks this morning have all been at below 335p - assuming that's not your sells @Lord Gnome, it doesn't bode particularly well for a counter-bid at a more reasonable price.
Posted at 21/11/2016 08:40 by lord gnome
You are right Speccy, but having spent all the time since my purchase with the share price under the water I am just happy to get out at a small profit and recycle the cash elsewhere. When I bought in at 315 I had high hopes that we might see 500 again, but then the profit warning came along and upset the apple cart. It was then always going to be a long haul, so today's news provides a quick, easy and profitable exit for me.
Posted at 21/11/2016 08:33 by spectoacc
Can't go bust taking a profit, but I maintain this isn't a good price.
Alternative Networks share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock