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Share Name Share Symbol Market Type Share ISIN Share Description
Cambria Automobiles Plc LSE:CAMB London Ordinary Share GB00B4R32X65 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 82.50 81.00 84.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 524.0 10.2 8.2 10.0 83

Cambria Automobiles Share Discussion Threads

Showing 926 to 949 of 975 messages
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
24/7/2021
07:50
And so I did but for no avail. No option to vote NO.
baal1973
23/7/2021
09:00
This sounds like a terribly designed system from IB, with a 'yes' vote easy to do, and a 'no' vote somewhat manual. Unlike a takeover offer, not doing anything here means your voice is not heard.In other news, how long does it actually take for Mark Lavery to discuss the offer with the remaining shareholders?
gdjs100
23/7/2021
08:26
mm84, you should contact them directly and instruct them to vote 'no' on your behalf, if that is your intent.
effortless cool
23/7/2021
00:56
The voluntary CA election tool is only for absolutely necessary actions - which is whether we want to get cash or bidco shares.
aim300
23/7/2021
00:56
You would have to create a ticket under 'Corporate Action' and directly message them to vote against the scheme.
aim300
22/7/2021
09:59
Any reason why Interactive Broker's clients can only see 2 voting options? Option 1. Vote YES to 0,8 per share Option 2. Vote YES to getting Bidco shares
mm84
08/7/2021
17:47
Good spots, gdjs100. No doubt the 'consideration shares' have been included to allow these three institutional investors to participate in the attempted pillage of CAMB's other shareholders.
effortless cool
08/7/2021
16:45
Also interesting they state the three largest *UK* institutional shareholders - not the three largest institutions though. Third largest institution is Olesen Value Fund, a US institution with 4.8% of the shares outstanding, who have not signed a letter of intent!Interesting
gdjs100
08/7/2021
16:42
Interesting RNS from Cambria. They have changed the denominator for the % acceptances from the 16/6 RNS to make it sound higher, now using the 60m ex-Lavery shares instead of the 100m total shares:Today:"Therefore, Bidco has received Irrevocable Undertakings or Letters of Intent to vote in favour of the Scheme at the Court Meeting and the resolutions relating to the Offer at the General Meeting in respect of a total of 25,862,866 Scheme Shares (representing approximately 43.10 per cent. of the Scheme Shares) including now from Cambria's three largest UK institutional shareholders."16/6:"Therefore, Bidco has received irrevocable undertakings or letters of intent in respect of a total of 22,688,198 Scheme Shares representing approximately 22.7 per cent. of the existing issued share capital of Cambria as at 15 June 2021 to vote in favour of the Scheme at the Court Meeting and the resolutions relating to the Acquisition at the General Meeting."
gdjs100
06/7/2021
07:43
Well you can count about 0.01% as a No already - having lodged my votes with HL
joe say
06/7/2021
07:18
Hi mm84,From the document you cite, "representing at least 75 per cent. in value of the Scheme Shares voted by such holders" - key bit "of the scheme shares voted" and he can't vote on his 40%. He doesn't need 45m shares, he just needs 75% yes votes on the number of shares that vote.This is a good guide, have a read of 3.1.2:hTTps://www.cliffordchance.com/content/dam/cliffordchance/PDF/takeover_guide.pdfWe suspect this is why Duckers, Mullins et al dropped out of the original deal, as they would have formed part of the concert party and also wouldn't be allowed to vote.
gdjs100
05/7/2021
15:13
Hi gdjs100 Are you saying that the 75% of votes is not 75% of the TOTAL shares outstanding, but 75% of the 60% of the shares outstanding that aren't in the hands of Lavery? That would be 45% of the total number of shares outstanding or 45 million shares, right? Taking into consideration that the other shareholders who have already said they would vote YES hold 22.7 million shares, Lavery needs an additional 22.3 million shares to take it private. Is this what you meant? If yes, what makes you say this? Because the Scheme Document states that Lavery needs 75% of the votes of the Scheme Shares, and that there are 100 million Scheme Shares.See below: "The Offer value is calculated on the basis of the issued share capital of Cambria as at the date of this document comprising 100,000,000 Scheme Shares and the fully diluted Offer value comprising 100,000,000 Scheme Shares and 3,575,000 options over Scheme Shares." "the approval of the Scheme by a majority in number of Scheme Shareholders present and voting, either in person or by proxy, at the Court Meeting representing at least 75 per cent. in value of the Scheme Shares voted by such holders"
mm84
05/7/2021
10:32
SMMT have released the figures for UK new car registrations for the month of June today. Total 186,128. June 2020 was 145,377. June 2019 was 223,421.
mortimer7
03/7/2021
11:39
It needs 75% of the votes to go in favour, but Lavery's 40% shareholding is not entitled to a vote.If you vote "no" and that 75% target is surpassed, you'll get 80p per share along with all other shareholders irrespective of how they voted - you won't get any contingency shares unless you have explicitly asked for them.
gdjs100
02/7/2021
16:39
Hi guys, what happens if we vote NO and they get enough votes to take it private? Will we be bought out or will we get the bidco shares? By the way, how many votes do they need? Cheers
mm84
02/7/2021
07:55
Received my email ex HL and looks like I'll be doing the same
joe say
01/7/2021
14:44
Quite opportunistic in my book - and therefore I too have voted against
stevie31
01/7/2021
14:35
HL election option came in today for those with HL - voting "no" felt quite satisfying!
gdjs100
29/6/2021
11:54
Well my votes against are now all in (AJ Bell).
effortless cool
25/6/2021
07:54
MMH significantly ahead of expectations and FY result will be well ahead of Group's historic record result.Read across for CAMB I would expect.
gdjs100
23/6/2021
09:48
You can bet they'll be trading their socks off.
gdjs100
23/6/2021
09:09
Vertu ahead of expectations this morning. Of course, we don't have any expectations to be ahead of ...
effortless cool
11/6/2021
08:02
Board is despicablly craven
gaiusgracchus
10/6/2021
08:21
60k CAMB traded at 81p in closing auction and 30k also at 81p this morning. Someone is buying. As it's auction and not RSP it's likely to be an institution. Interesting. You have to assume the seller at 81p would have been a "yes" and they are taking the extra penny as it's available, and those votes have been transferred to the buyer at 81p who will be a "no".
gdjs100
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
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