Bond International Share Discussion Threads

[boadicea] 29/1/2016 22:16

Impossible to judge until we know more detail.

The revelation that the prospective buyer essentially only wants part of the business could be a rationalisation whereby a part that is relatively unimportant to BDI makes a useful add-on and has a higher value to someone else (potentially good); or the other way round, whereby the buyer doesn't want some underperforming part and we are left with a 'rump' stake - not an attractive proposition and best eschewed.

The best hope might be for something like a territorial rationalisation with cost savings to both parties.

Whichever way it goes, there should be, as ghf and modform say above, some significant room for an overall increase in value - else why undertake the exercise at all?

[modform] 29/1/2016 12:44

My gut feel is that selling bits of the business at a time will generate better value for shareholders, and could have been the initial outcome of the review.

[value viper] 29/1/2016 11:58

agreed BUT the hope must have been for a simple full take out !
what will they be left with .....uncertain now.
i'm moving on............good luck all

[glasshalfull] 29/1/2016 11:53

Good...sale process progressing.

I'd be astonished if sum of the parts was not substantially more than the current shareprice.

Regards,
GHF

[value viper] 29/1/2016 11:41

hhmmm...not too impressed with this rush job RNS
selling 1/2 divisions ,also not what i was hoping for tbh !
guess constellation dont want it all...poss wanted on cheap and no comment on this
maybe they pushing for some from of value creation at this stage

[glasshalfull] 29/1/2016 09:31

LOL Pawdaw ... thinking the same this morning.

I've been steadily adding here. My simple rationale being that the company must be close to a deal/sale or they'd have come back with result of the strategic review by now. I saw the December extension as a positive in this regard as they'd initiated this process in March 2015 and the fact they required to extend by a month suggested to me that they were well down the road with any sale or divestiture.

Again, no news as we expected indicates that they must be close to crossing the line...or that's what I'd like to think ;-)

Still believe that the current share price has absolutely no froth in it & still see +30% upside if any deal concluded.

Regards
GHF

[pawdaw] 29/1/2016 08:46

From the RNS of 4 Dec 2015, "The Board expects to be in a position to provide a further update on the progress of the strategic review process by the end of January 2016"
They don't have very long left, do they?

[value viper] 19/1/2016 16:54

well i bought in last week at what appears tech support ahead of an update
agree an interesting move today and mm's widening the spread to hedge themselves
hhmmm

[boadicea] 19/1/2016 15:03

Certainly the market is up today but BDI does not notably follow the market so I suspect there may be another reason for the rise.

Having established a base around 90p (validated by an earlier low some year or so ago) we now see some recovery. Now would seem a plausible time to launch an offer if Constellation have such in mind - that is to say, while 120p still looks a reasonable offer - rather than wait for it to rise towards recent highs and having to offer rather more than that.

Any other thoughts out there?....

[boadicea] 14/1/2016 08:52

opodio - They usually come in threes.

[opodio] 13/1/2016 15:38

profit warning coming ?

[opodio] 13/1/2016 15:37

profit warning coming ?

[value viper] 13/1/2016 15:36

had a few here ahead of update

[marcu saurelius] 10/12/2015 07:57

Constellation are not one to walk away. They are aggressive bidders

[modform] 07/12/2015 21:09

Kicking the can down the road, I am in from a few weeks ago with an average price of 98p. I will hold till the outcome of the review, hoping the outcome is not borrowing money from the bank.I think GHF like me was looking for a good outcome by now which didn't happened.

[dlku] 24/11/2015 07:02

Bond Adapt Teams Up with LinkedIn

Bond International Software, the global provider of staffing and recruitment software, today announces it is teaming up with LinkedIn, which operates the world's largest professional network on the Internet with over 380 million members.

The enhanced integration will provide Bond Adapt with an enhanced experience and powerful recruitment functionality. In addition, the integration enables recruiters to continue to access features through one system, eliminating the need to use multiple browsers or invest time and effort when adding in contacts - providing a seamless and efficient experience for the user.

Commenting on the partnership Tim Richards, Managing Director, Bond International Software said: "LinkedIn is the largest professional network on the Internet and has a like-minded continued drive for innovation. Our relationship with LinkedIn will support the recruitment industry as it continues to flex and grow to meet market demands. Expanding our global integration with LinkedIn is an important step as we strive to enable our users to be as efficient and successful as possible."

[battlebus2] 23/11/2015 21:24

Well done on your recent purchases GHF, seems to have been perfectly timed, may buy a few back myself.. This saga seems to have run on long enough and it's just when you've forgotten about it that an offer or other will materialise.

[dlku] 23/11/2015 08:51

160P WOULD DO ME DANDY

[dlku] 23/11/2015 08:35

BID IMMINENT?

[stegrego] 21/11/2015 11:57

Ah OK thanks GHF, didn't realise that.
Live and learn.

I'm sort of tempted at this price, will have a ponder.

[glasshalfull] 21/11/2015 11:37

Steg - Because the company is currently subject to the takeover code. Brokers simply withdraw forecasts.

I sold out on sometime ago, banking a 50% profit...BUT decided it had fallen back far enough, so responsible for the late rise yesterday as I bought back in at 97p (don't see trade...may show as delayed on Monday).

Felt risk/reward decent around the £1 mark & interested to see how the Constellation vs BDI board stand-off develops. As another poster commented, are Constellation simply lowering the price through these minuscule sells with view to making a bid at a 25-40% premium...in other words, a bid in the region of where the shareprice historically sat following the announcement of the strategic review?

Also worth noting that he interims released at end of September spoke of updating the market in coming weeks on the good progress being made. Therefore, news can't be far away.

Kind regards,
GHF

[stegrego] 10/11/2015 08:29

Why are there no forecasts for next years numbers?

[beep_beep] 04/11/2015 07:33

Bids in the sector popping up. Seems a matter of time.


Xchanging plc

Offer update
o.

On 14 October 2015 Capita plc ("Capita") announced an offer for Xchanging at 160 pence per share in cash that was, in the absence of a higher offer, recommended by the Xchanging Board. The first closing date of Capita's offer remains 16 November 2015.

Further announcements will be made as and when appropriate.






160p would be quite a nice result for us here

[dlku] 19/10/2015 15:57

ready for the bid guys?