Blancco Technology Share Discussion Threads

[masurenguy] 20/4/2016 08:19

Just a reminder of the timeframe for the tender:
26 April: Barclays Stockbrokers deadline for shareholders to provide instructions on the tender offer.
4 May: Peel Hunt deadline for the receipt of tender offer documents (13.00)
9 May: Result of tender offer and strike price to be announced
16 May: Funds for shares purchased to be credited to CREST accounts

[aishah] 20/4/2016 07:46

Techinvest issue came out before the tender was announced. They do hold stock in their portfolio. So will have to take some action.

[mccawber] 19/4/2016 18:43

if 29% of the shareholder register wanted to sell the price wouldn't be 240p and they would be selling in the market.

[nurdin] 19/4/2016 18:38

That, imo is short term thinking! ;o)

[62rick] 19/4/2016 18:25

I think the tender is rather a gamble, very likely to be binary. If more than 29% want to tender then is very likely to be priced at 215p, if less than 25% tender then will be at 250p. Of course as PI's how are we to know what the interest is like?

The business is now very different, from a low margin steady growth (and fairly cheap) business to a highly valued high growth software business. I'm therefore thinking a lot of the institutions will take the oppportunity to sell (and with a decent holding would be hard to sell on the open market).

I personally think the risk is to the downside short/medium term,with the valuation post distribution at £140 million is a high value for a circa £30 million turnover business. I therefore sold my remaining at 238p yesterday.

[welsheagle] 19/4/2016 16:04

What is the share price likely to be after the tender offer.

[erbullion] 19/4/2016 15:34

Alisha's what does Techinvest say about the tender?

[ali47fish] 19/4/2016 14:41

be that as it may- i hope dor those who are not participating in the tender will not be affected negatively- i find the whole process impenetrable and in fact does not allow me to add, based on normal news flow- i have asked questions when attending the general meeting about the rationale and i am not convinced

[clausentum] 19/4/2016 12:50

Barclays needs decision on tender offer by 26th April.

[aishah] 19/4/2016 11:51

I've "tendered" mine in the market at 239p. Will wait to re-enter after the Dutch Auction.

[welsheagle] 19/4/2016 10:05

Thanks, Clausentum

[mccawber] 19/4/2016 08:05

Seems pretty sensible to me. The business has transitioned from a repair business to a software business. You'd expect the shareholder list to transition as well. The tender is a way of allowing shareholders to either get out completely, not at all or partially. A special dividend takes choice away from the shareholders.

[cocker] 19/4/2016 07:48

It seems to me as if no one really knows what to think of this 'Tender Offer'. Yesterdays rns has only managed to put another spanner in the works as far as I am concerned. Agreed that reducing share capital was the right thing to do, but surely there must have been a better way.

[dlku] 19/4/2016 07:26

Peel Hunt Reaffirms “Buy” Rating for Blancco Technology Group Plc (LON:BLTG) StockTrib Staff | April 18, 2016
Blancco Technology Group Plc (LON:BLTG) Rating

Blancco Technology Group Plc (LON:BLTG) stock “Buy” was reconfirmed by Peel Hunt in analysts note revealed to clients and investors on 18 April.

[mccawber] 19/4/2016 07:24

if the company does not use all GBP50m in the tender then it will likely buy back shares with the excess in the open market.

[mccawber] 19/4/2016 07:24

if the company does not use all GBP50m in the tender then it will likely buy back shares with the excess in the open market.

[nw99] 19/4/2016 06:38

Tender price will be higher than people expected looking good

[dlku] 18/4/2016 21:47

broker 320p target is nice

[clausentum] 18/4/2016 16:20

Welsheagle:
If the share price goes higher than 250p before the offer closes, those who want to sell will do so through the market at >250p. If the share price is higher at the close of offer the offer will be undersubscribed and the company will be left with more money and shares than it intended, which I do see as a big problem.

[dlku] 18/4/2016 15:28

someone just bought 135,000 shares at 238p

[welsheagle] 18/4/2016 15:26

What happens if the share price is higher than 250p at the close of the offer.

[thomasthetank1] 18/4/2016 14:23

Read Equity Development's note on Blancco (formerly Regenersis), out this morning, by visiting hxxps://www.research-tree.com/companies/uk/support_services/regenersis_plc
"What is your most treasured possession – house, car, wedding ring? The smartphone may be high on the list too. That is because, along with being able to contact friends/family, it can also greatly improve a person’s quality of life by allowing someone to stay connected to the web (re social media, m-payments, streaming)…"

[al101uk] 18/4/2016 14:01

At least I'm not alone then... me and Paul Hill ;-)

"If the market thought the shares were only worth 225p post tender you'd be killed in the rush to sell"

I'm not so sure about this, you could be leaving money on the table by selling before the tender because the tender has to be above market value to attract sellers doesn't it? At least that is the case up to 250p.

There is an element of the "Keynesian Beauty Contest" to it, or a theory closely related too it.

Sorry I'm censoring my comments because I can't be bothered dealing with nurdin any longer.

[dlku] 18/4/2016 13:38

going to 400p-600p in a year i suspect