Abrdn Property Income Share Discussion Threads

[sportbilly1976] 07/11/2012 09:50

Greenroom,

was thinking the same..tick up coming and to new highs?

[protean] 07/11/2012 09:49

Yes, just gone 3v1. A bit more and should start moving up again.

[greenroom78] 07/11/2012 09:48

Bit of buying again this morning and MMs on the move.

[cockneyrebel] 06/11/2012 18:07

I hope they had no offers to be honest, unless they are at a very good price.

Results are in a month's time and that should reveal how cheap these are imo, especially with that large contract that starts in H2. That's part of the reason they delayed even looking for buyers imo.

Remember the only reason these are up for sale is because API doesn't fit the strategy of the two largest shareholders and they want out at a realistic value. I'm sure the board don't want to sell up the way they are performing, imo.

Got to be an offer over £1 a share to feel we've had at least something like fair value imo.

CR

[sportbilly1976] 06/11/2012 14:52

seems I didn't miss much last week then...

speed - I'd agree, although I might have hoped for some indication of what they did receive in terms of number of offers and to say they are analysing them and will update when appropriate

[speedsgh] 06/11/2012 14:28

Still no announcement. I take that to be encouraging. I assume they must have received offers of some kind + they are analysing them to see which, if any of them, are worth pursuing. I presume they will also be liaising closely with the strategic investors that have called for the company to be sold in order to agree with them what is worth pursuing.

[m.t.glass] 02/11/2012 15:13

They're under no obligation to RNS the current situation, as it's merely part way through the bids/discussion process already announced. They already said what would happen after bids were in:


"..will then be invited to submit indicative proposals to the Company through Altium by no later than 31(st) October 2012.
The Board will consider indicative proposals and may consult with the Company's major shareholders before determining whether to continue or terminate the sale process. If appropriate, selected participants will then be given access to more detailed due diligence information through an online data room and management presentations, following which revised proposals shall be requested.
As a final stage, the Board would expect to engage with one or more participants with a view to agreeing an offer, which it is able to recommend for acceptance by shareholders.
The Board reserves the right to alter any aspect of the formal sale process as outlined above or to terminate it at any time and in such cases will make an announcement as appropriate. The Board also reserves the right to reject any approach or terminate discussions with any interested party or participant at any time. There can be no certainty that any offer will be made for the Company, or even proposed, or as to the level of any proposal or offer that may be made..."


Nowhere in that does it say "we will inform the market" at any particular stage prior to the very end of it all.

[edwardt] 02/11/2012 10:30

there should be an rns either way - they simply should not stay quiet on this.

[greenroom78] 02/11/2012 08:21

It has to be, I think they would've said yesterday that the period had closed and the company had received no interest. I'm a little surprised they haven't said that they have had interest though if only to prevent a leak.

[interceptor2] 02/11/2012 07:37

BBD, My thoughts also, as you say if no offers or interest have been expressed, I'm sure we would have seen an announcement by now.

ic2...

[bigbigdave] 02/11/2012 07:21

I'm seeing this as no news is good news.
Pretty sure they would have announced by now if no buyer had been found.
Anyone agree?

[edwardt] 01/11/2012 16:02

sadly i will not be there with flask of coffee , i have better things to do with my weekend like watch the x factor!!

[interceptor2] 01/11/2012 15:56

As suspected it was Crystal Amber buying yesterday, 195k @ 72.42p and 85k @ 70p, now at 8.84%.

edwardt, good idea, please post an update on what you find out :o)

ic2...

[edwardt] 01/11/2012 15:27

surely something from the company by monday? maybe worth driving by their offices over the weekend to see if the lights are on till the wee hours - i am joking!

[m.t.glass] 01/11/2012 15:01

I presume the October 31st deadline is something that some potential bidders will have intentionally ignored - saving their powder till the result of that first initiative is declared.

[cfro] 01/11/2012 14:40

Some might start off low which could very well lead to counter offers as you say Greenie.

[greenroom78] 01/11/2012 14:29

85p will be annoying as it is low, but I'll enjoy moaning about a quick profit. You have to question whether 85p might lead to a counter bid though. Major holders hold the aces here not management.

88k @73p still buyers out there.

[edwardt] 01/11/2012 14:25

my guess is a low ball offer of 85p - still a profit.

[m.t.glass] 01/11/2012 14:24

Only one MM moved at all today - others still where they started pre-market. And very few published trades.

[cockneyrebel] 01/11/2012 14:05

88k trade moving it up.

CR

[jbarker5555] 01/11/2012 08:40

ic2 - Assuming they get any offers! Just cos they put themselves up for sale doesn`t mean there`s a boat load of buyers around. (Hope there is though) :)

[interceptor2] 01/11/2012 08:17

No news is good news imo.

Even though I think 100p is a fair price, I feel that offers are likely to be lower due to the reasons given by M T Glass. Between 80p to 90p?

ic2...

[m.t.glass] 01/11/2012 08:03

At the moment, it doesn't look like the marketmakers have got wind of any news about whatever bids did or didn't arrive by last night's deadline..

[m.t.glass] 01/11/2012 07:53

bbdave - I agree there's a significant difference. Bidders don't have to offer a hefty 'persuasion' premium if key investors have already indicated they are in a mood to sell.