Ashoka India Equity Inve... Share Discussion Threads

[rathlindri] 02/8/2015 18:50

"If the company is as good as we all think it is"

Indeed, but is it?? Why no counter bid?

[jadeticl3] 01/8/2015 21:11

The thing that astonishes me more than the behaviour of the BOD is the non appearance of a counter bid. If the company is as good as we all think it is, and if the present offer is manifestly low, then the missing of this opportunity by a rival is unbelievable. So what do we not know?
My mind goes again to the takeover of ABM AMRO by the infamous Sir Fred of RBS. He topped Barclay's offer only to find that the takeover brought RBS to its knees, and resulted in his demise (sacking and disgrace). He had not known the amount of toxic debt that would accrue with ABM AMRO. Could there be something sinister that, as yet, we do not know?

[mbmiah] 01/8/2015 20:05

Anybody know who Maven are buying for?

[tatsfield] 31/7/2015 19:06

A bitter sweet end to a long ride. I made a 100% profit but really expected the shares to rise to 160p and am disappointed and somewhat bemused by the actions of the BoD. But possibly there are unspoken reasons why a higher competitive bid was not forthcoming. I'll take my profit and miss the roller coaster of Anite share ownership! Best of luck to the regulars on this forum.

[werty5] 31/7/2015 07:13

Sorry to hear not the result that you all wanted. Just a heads up if you want to invest in a cracking company not a million miles different to Anite you could do worse than take a look at Laird (LRD) announced its results yesterday and bounced north a considerable distance. Good luck in future.

[irenekent] 31/7/2015 00:10

yes, bye bye all. what a rip-off.

[mbmiah] 30/7/2015 21:07

Pico, does this mean a counter bid cannot take place now?

[picobird] 30/7/2015 20:01

Court Sanction today was passed.



So I suppose the cash settlement will be distributed in a couple of weeks.
About one month to be more precise from today.

I can see Greece dropping/pushed out of the EU in the not too distant future.

[ali47fish] 29/7/2015 14:19

sorry meant to sell in my previous post

[mbmiah] 29/7/2015 11:14

Fish, Maven are continuously upping their stake here

[ali47fish] 29/7/2015 09:01

please tell me when it is time to buy- is there still hope for acounterbid?

[mbmiah] 28/7/2015 22:22

Not much happening here then - not even a whiff of a rumour

[picobird] 27/7/2015 10:23

Cheers werty5, all the best for the future.

[kilgallp] 27/7/2015 10:00

Well, my vote against has now been entered.

[werty5] 27/7/2015 09:33

Well I sold out this morning looks like a done deal. Good luck to all holders. Would like to thank Pico for his tireless input and pass on my best wishes to long term holders Irene and Pico and hope fortune smiles on them in future

[irenekent] 26/7/2015 09:52

Thanks scobak,

We live in hope.

Irene.

[picobird] 25/7/2015 20:44

Cheers scobak. Thanks for the info & will look into it.
I have tracked one or two companies over the years & may give them a go. I think it takes a fair while to 'trust' a BOD. Anite for instance has always been very transparent but it takes time to 'learn' about any company.
Unfortunately, we lost at least 20p on the Anite bid simply by the timing of a few weeks. The price has always risen on the IMS & then again on the announcement of the formal results.
Add to that the TA forecast over 2-3 months & an array of other factors & that builds to a 50p shortfall.
The BOD have certainly put their own interests first, as the CEO cannot be that 'thick'.

[scobak] 25/7/2015 20:01

I am currently looking at the companies Brian Kennedy is involved in. Seems to be very effective at buying and selling companies in the construction industry. He has previously had connections with Everest, Latium, Epwin among many others. Seems that if you can get in on some of the IPOs that there is usually a good bit of upside.
Just a starting point for you Pico if looking to find homes for your proceeds. There is obviously much ongoing research following such people but adds some fun and interest and the prospect of some capital growth.
Anyhow good hunting Pico.

[picobird] 25/7/2015 18:31

Cheers scobak. Glad to hear you have made a little.
Not got much to say about Anite now. The BOD put the company up for sale & passed it off as a takeover - very underhand !
That is something which the shareholders should have been informed about & a vote taken at the AGM.
In theory it could threaten the court sanction next week if the truth comes out.

Going to be looking carefully at whether the markets are going into a Bear Phase. I learnt about bubbles when the technology bubble burst around 2000 so was prepared for the property bubble bursting & got out a good year in advance.
GLA

[scobak] 25/7/2015 18:02

Investors Chronicle of 24/7/15 page 56, takeovers, has changed its stance from 'sit tight' to 'Accept'
The writing is on the wall for the closure of this sorry saga.

Picobird. Thank you for your knowledge and insights. If it means anything at all to you I have been in and out 3 times over the last year and a bit, and with your unwitting assistance have made money each time. I currently hold 8,000 shares each with a breakeven of 86 pence so will again come up smelling of roses.

I am so sorry for those with personal involvement who with all the other shareholders really deserved better. My feelings go to Irene and Pico.

I don't see the vote going against or another offer at this late stage so this finds me awaiting the finale.

[kilgallp] 24/7/2015 16:22

The consensus seems to be the offer price is too low. I presume we're all voting against?

[picobird] 21/7/2015 14:31

Found some info:

"When a takeover bid or scheme is announced, things can move quickly. The price offered may increase, or the period for accepting the takeover bid may be extended.
The share price can be a good indicator of whether the market thinks the bid or scheme will succeed. Generally, when the bid or scheme is first announced, the price of shares in the company rises to around the level of the offer price. If the market expects a better offer to emerge, share prices can sometimes be higher than the offer price. On the other hand, if the market thinks the offer is unlikely to succeed, the share price may be less than the offer price".

I think the BOD realise that the institutions will accept a low offer without 'rocking the boat'. On the other hand it could be worth 'kicking up a stink' in order to impress the boss.

[technocat] 21/7/2015 13:59

Interesting that GS are buying in the market and then presumably selling to Keysight at the offer price. Not being that familiar with the takeover rules would it be possible for other Institutions to buy in the market and then sell to GS?. If so I can not see why they would do that given that daily trading appears to be either slightly above or close to the offer price.

I still hold here, taking the IC advice for now of 'sit tight', like others I expected a better price (last broker recommendation I have was around 140).

Scheme of arrangement is at the end of the month, many of the Institutions still hold substantial percentages, or indeed have bought after the offer.

I assume that shareholders are allowed to vote for or against the scheme of arrangement when it comes before the courts, what happens if it is rejected? does the takeover fail? or is there an option for Keysight to come back with an improved offer.

[picobird] 21/7/2015 12:27

Goldman Sachs represent Keysight, no idea about Fortress.

[andyj47632] 21/7/2015 07:40

Fortress Investment are still buying- are they anything to do with Keysights bid?