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Share Name Share Symbol Market Type Share ISIN Share Description
Blancco Technology Group Plc LSE:BLTG London Ordinary Share GB00B06GNN57 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.00 -1.6% 246.00 242.00 250.00 250.00 246.00 250.00 9,820 11:15:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 33.4 -0.2 1.6 153.8 186

Blancco Technology Share Discussion Threads

Showing 101 to 122 of 725 messages
Chat Pages: Latest  5  4  3  2  1
DateSubjectAuthorDiscuss
06/5/2016
20:52
I quite agree. Anyone have email address of the CFO?
nurdin
06/5/2016
20:50
Seems a bit daft to me - if they expected their allocation to be cut back, why not just tender a proportion, do it at the strike price, then publish their tender option in the follow-up RNS? That would have been completely open, sold the number of shares they wanted, and got them the best available price - it's really not rocket science. Bleating now that shareholders believed everything they said about future prospects so held on to their shares is disingenuous to put it kindly.
supernumerary
06/5/2016
20:42
I was given to understand by their broker that they did not expect to get acceptance for so many shares...they were expecting heavy rationing! Dont know whether to believe that.. Ben I agree with you.. them talking up the prospects recently and then selling is what annoys me the most!!
nurdin
06/5/2016
20:06
Perhaps look for any TR1 forms over the next few days re institutional selling?The directors tendering so many shares is weird, and on the face of it inconsistent with them speaking up the company's prospects so vehemently recently. (If they now receive options at £nil price, that wouldn't be good, and I wouldn't be interested in this one at all...)
ben12358
06/5/2016
19:10
ali - I hope you don't think I'm suggesting people should sell. I did because I bought a few shares with 'back of the sofa' cash purely as a trade against the tender. I tendered at 140 and was obviously hoping to sell, but if the strike price had come in lower, I'd have had no problem holding to see what happened. I think the directors selling so many shares inevitably makes people stop and think...
supernumerary
06/5/2016
18:50
i am staggered to understand why suddenly poeple think we should sell? and why on earth the directors are using the tender to get rid of their shares? have they mad a gain? and where do the institutional investors stand? nobody here is saying they are selling and clearly explaining the reason? so please help with some clarification?
ali47fish
06/5/2016
15:47
B1 - yes, I know, thanks - I was really just commenting obliquely on the absurdity of an arrangement that left some shareholders (possibly many - I've no idea of the shape of the register either before or after the tender) with trivial holdings. They really need to take the opportunity to clean up the register while they can. Anyway, we'll see what transpires - it looks to me like the entire exercise was done to provide the directors with a clean (and very profitable) exit, so I guess nothing else will get much attention.
supernumerary
06/5/2016
14:51
Super, if you really want the divi you only need hold them till next Thu, which is ex-div day. But, personally, I take little notice of such things when buying/selling, as the price changes accordingly on the day.
b1ggles
06/5/2016
14:23
Perhaps you should look at the Institutional holdings.Directors holdings were peanuts in comparison: http://www.blancco.com/en/investors/share-information/major-shareholders
nurdin
06/5/2016
11:50
Thanks, Biggy. Big decision then, should I dump my residual 60-odd shares, or wait for the divi? Think I'll wait - must check if they have a DRIP - this one could run and run... ;¬)
supernumerary
06/5/2016
10:40
There's a divi due soon isn't there?
supernumerary
06/5/2016
09:33
edited: Just seen the Edison note .The forecasts are for eps of 11.4p in 2017 based on 56m shares in issue.Apologies.
nurdin
06/5/2016
08:31
Well I hope they don't apply 98% across the board - there must be lots of holders like me with a few thousand shares, so they'll end up with a register full of holders with a tiny number of shares. Better to buy out completely everybody with less than say 5K or 10K shares then pro rata the bigger holders.
supernumerary
06/5/2016
07:10
Nurdin, I expect the board are likely to offer themselves some sort of share options where they can purchase £2.50 shares at around the 1p range, the usual AIM gravy train alway's run's for its Directors.
cocker
06/5/2016
07:10
I think they worked quite hard to achieve that price, timing of (held back) news about acquiring the remaining mobile operation, about 5 million shares placed in the market about a week ago, I'm sure a few other less obvious manouvers. Interesting that both the Chairman and Finance tendered all their shares.
62rick
06/5/2016
06:51
Worrying that the FD has sold most of his holding.Must be a good reason or some cunning strategy!
nurdin
06/5/2016
06:21
Strike price came in at 240p. Blancco Technology Group plc Result of Tender Offer Tender offer fully subscribed, with £50 million to be returned to shareholders 20,833,333 Ordinary Shares to be repurchased at 240 pence per Ordinary Share Blancco Technology Group plc ("Blancco" or the "Company") today announces the final results of the Tender Offer, details of which were set out in the circular to Shareholders published by the Company on 6 April 2016 (the "Circular"). A total of 26,782,040 Ordinary Shares were validly tendered by Shareholders. A total of 20,833,333 Ordinary Shares were accepted for purchase by Peel Hunt at a price per Ordinary Share (the "Strike Price") of 240p, for a total cost of £50m. This represents approximately 26.4% of the Company's Issued Ordinary Share Capital as at 5 May 2016. In accordance with the terms of the Tender Offer, all valid tenders submitted at or below 240p per Ordinary Share, as well as valid tenders submitted as Strike Price Tenders, will be scaled down pro-rata to the total number of Ordinary Shares tendered by Shareholders. Therefore, although 21,264,053 Ordinary Shares were tendered at a price of 240p or less or as Strike Price Tenders the total number of Ordinary Shares accepted for purchase was 20,833,333. The purchase resulted in a proration factor of 98.0% of the Ordinary Shares tendered at or below the Strike Price being accepted. As set out in the Circular, Peel Hunt will pay for the Ordinary Shares accepted. Following the purchase, as further set out in the Circular, Blancco will buy back from Peel Hunt the Ordinary Shares purchased by Peel Hunt under the terms of the Tender Offer. The Company then intends to cancel such Ordinary Shares, reducing the Issued Ordinary Share Capital from 79,022,599 Ordinary Shares to 58,189,266 Ordinary Shares.
masurenguy
04/5/2016
10:27
The market has trended to a current valuation of 230, it will be interesting to see if the Dutch auction strike price comes to the same conclusion!
clausentum
01/5/2016
19:41
So if a shareholder sets a strike price of 245p, there would be a gain of 10p per share (less brokers costs) as the current buying price is 235p, if the shares are bought back afterwards. Any comments on this scenario.
welsheagle
26/4/2016
18:47
Its hard to guess what the share price will do after the tender offer is done and dusted.I cant quite agree with Clausentum however as I think the higher the strike price the fewer number of shares will be taken out of circulation, which in turn will mean eps would not be as high as if the strike price was at the lower end.That in turn would mean a higher rating and perhaps a negative effect on the share price But I am happy to be corrected.
nurdin
26/4/2016
18:23
I bought some shares last week after the tender offer was announced and barclays have sent me the form to sell them. Lol. As I said before those shareholders not interested in the future will sell out and their shares will be cancelled. No free floating shares to pick up. Waiting till after the offer to buy could mean you chasing that price up. If everyone was given a share of the payout, then we would still have weak holders slowly selling over the next year.
johnv
26/4/2016
13:27
The demand for selling shares, which determines the strike price, will be an opinion poll on what investors really think of the prospects for Blancco. If the strike price is 250 I would expect the post tender price to be higher than the strike price, and if it is lower than 250 I would expect the post tender price to drop below the strike price.
clausentum
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