Celadon Pharmaceuticals Share Discussion Threads

[ianst99] 03/9/2009 08:26

Well they won
Time to move on,has anybody got any tips.
Sold on line at 232.01

[verger] 03/9/2009 07:00

Oh dear. Well, hats off to NAV. Now which bin did I throw the offer document in?

[wywcu1] 03/9/2009 06:46

Well thats it Guys. Good luck with your other investments. I, like a number of you, will have to do some "bed and spousing" to minimise my CGT liabilities.

[dpeach] 03/9/2009 06:24

Biggles exactly...?

[dpeach] 03/9/2009 06:23

if they only have 68.74% and need 75% to delist, they can't delist? surely they may have 68.74% but they would still have to trade via london markets?

[b1ggles] 03/9/2009 06:19

Yes, but what does this mean to us?

Does the fact they've got 50% kill off any chance of a higher bid, or does the fact that they failed to get 75% mean there is still hope?

I found it interesting that they needed to threaten that "there may be no future market for Celsis Shareholders to realise their investment", or is that standard for these announcements?

[verger] 02/9/2009 21:49

If they were to bid higher, it would have to be at a level acceptable to the institutions who hold CEL shares; in that case, they would want to get a strong indication as to what that level was before bidding. Let's help them! I'd sell for 262.5p.

[wywcu1] 02/9/2009 19:39

If this fails I would be very pixxed off if any cost of this debacle was paid for by CEL. We are now looking at a scenario where the management have to listen to us and re-instate the dividend or resign - quite simple. And yes, I am expecting a paper loss in the morning.

[wywcu1] 02/9/2009 18:56

Ibox, we will get it at 7am in the morning.

[ibrox] 02/9/2009 17:51

But no announcement. Smacks of unprofessionalism to me.

[wywcu1] 02/9/2009 16:20

I would suggest that the initial attempt has failed. In my view they were just that little bit too greedy and I guess that if the offer was in the 250's we would not be having this conversation.

[b1ggles] 02/9/2009 16:13

I see today was the first trading day for ages when there hasn't been a 'Rule 8' notice.

Does that mean no shares changed hands yesterday (in which case NAV have failed)? Or could they have held the notification back to keep people guessing?

[boadicea] 02/9/2009 16:03

Why the delay? - usually means bad news (management view anyway.)
I can imagine them calling for a recount!

Oh dear - I see I've clocked the emegency number! An omen???

(Who's for the millennium?)

[dpeach] 02/9/2009 12:45

hey wywcu1, the deadline was at 1pm... lets hope it's been a non

[wywcu1] 02/9/2009 12:36

25 minutes to the deadline. My guess is that we will get an RNS later today.

[wywcu1] 02/9/2009 09:36

If the bid does not succeed then it will be up to management to rethink their strategy. A very simple way of maintaining the current S.P. is to re-instate the dividend. Celsis is one of very few companies that are more or less maintaining their profitability in these recessionary times. When the World economy picks up CEL will be at the forefront. This is why I have held on to my shares.

[ibrox] 02/9/2009 08:58

Having a substantial shareholding which they are unlikely to want to sell at a loss should put a floor under the shares, maybe at a lower price than 232 but this would still remove some liquidity.

[verger] 02/9/2009 08:01

We might need to be ready for them to do as they have threatened and walk away, but I'm sure they will be back; there's too much to lose.

[wywcu1] 02/9/2009 07:39

Yes Verger, I agree. Not sure which way it will go now.

[verger] 02/9/2009 07:07

5 hours to go, and no early morning announcement. Fasten your safety belts; there could be turbulence!

[verger] 01/9/2009 09:04

I've just listened in on an institution board meeting:
'Well, chaps, what do you reckon about this Celsis offer?'
'It seems they will end up with just under 50%.'
'So, do we all agree that we can hold out for a little bit more?'
'Agreed!'
...Can the conversation be anything else?

[wywcu1] 01/9/2009 08:25

This will now come down to the "undecided" Institutions. They will be in a far better position to decide what is best versus the Guys on this B.B.
If they accept that will be it, if not, it is anyones guess as to where we will end up.

[verger] 01/9/2009 07:37

I think they need another million. Peel Hunt left another 'urgent' message on my phone on Friday, chasing my few (8000)shares. Draw your own conclusions.

[b1ggles] 01/9/2009 07:15

Friday's dealings brought them up to 24.0%. Are they going to fall short?