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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Colt Grp S.A. | LSE:COLT | London | Ordinary Share | LU0253815640 | EUR0.50 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 189.75 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 189.75 | GBX |
Colt Telecom (COLT) Share Charts1 Year Colt Telecom Chart |
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1 Month Colt Telecom Chart |
Intraday Colt Telecom Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/9/2015 | 10:55 | COLT, better times ahead. | 6,326 |
| 11/6/2014 | 22:19 | Colt Telecom Post 3 for 1 share split.... | 1,038 |
| 15/6/2011 | 15:59 | Colt Telecom Post 3 for 1 share split.... | 75 |
| 15/9/2009 | 11:37 | Is Colt a buy? | 23 |
| 24/10/2008 | 19:49 | COLT EYEING TELEWEST(TWT) | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 14/8/2015 17:09 by dickbush Hi,nyla08 and bethsdadIf you want to accept Fidelity's 190p a share offer just contact whoever holds your shares on your behalf and tell them you want to accept the bid. They should take care of the admin for you. I'm assuming here that you do not hold the share certificates personally. If you do then you will have a form to fill in. See the recent RNS's for information on that. If you do not submit your shares, and Fidelity do not reach 95% of the total outstanding-where they can compel the minority to accept the bid-you will be a minority shareholder in an unquoted Colt. The downside is that no one knows when or if Fidelity will sell Colt to another acquirer at a more realistic valuation than 190p. Also, you may not receive any information on the company's business except the annual accounts. It is always possible that no sale ever takes place. Holding on to your shares is, therefore, a gamble on a much higher valuation taking place in a year or two. I cannot advise you. You have to decide for yourself. I am in a position to be able to hold onto some of my shares in the non-quoted Colt. Please note that I have been advised by Barclays that an unquoted company's shares cannot be held in an ISA. I do not know what directors will do with their shares. It's anyone's guess, but mine would be that the Fidelity-employed ones (e.g. Rakesh Bhasin) will have accepted the 190p bid on the understanding that they will have another way to participate in any higher bid down the road. |
Posted at 13/8/2015 12:14 by dickbush Settlement of considerationThe consideration to which any Colt Shareholder is entitled under the Offer will be settled (i) in the case of valid acceptances received by 1.00 p.m. (London time) on 11 August 2015, on or before 26 August 2015; and (ii) in the case of valid acceptances received after 1.00 p.m. (London time) on 11 August 2015, but while the Offer remains open for acceptance, within 14 days of such acceptances being received, in each case in the manner described in the Offer Document. Delisting and Repurchase Offer As set out in the Offer Document, now that the Offer has been declared wholly unconditional, BidCo intends to procure that Colt makes a request to the U.K. Listing Authority and to the London Stock Exchange for the cancellation of the admission of the Colt Shares to listing on the Official List and to trading on the London Stock Exchange. Delisting would significantly reduce the liquidity and marketability of any Colt Shares not purchased pursuant to the Offer, and their value may be affected as a consequence. Following the Delisting, BidCo intends to procure that Colt makes an offer to the Colt Shareholders in respect of whom valid acceptances of the Offer have not been received, to repurchase their Colt Shares at the Offer Price. |
Posted at 02/8/2015 14:27 by robwt There are undervalued companies out there. Perhaps their share price is down because they are owned by a fund. This deal isn't to be compared to any other, if a proper bid is made by a competitor, it will attract other bidders. You cannot say that about Fidelity's bully boy terms here. It is an opportunistic bid to buy what stock they do not own at a knock down price with no threat of competition.That isn't fair on those who have Colt shares at way above a price of 190p and stayed with them long term in order they get a fair return on their long suffereing investment. Just when things are improving, Fidelity want to deprive us of a return. I don't like this because it reminds me of when Alan Sugar (now Lord) tried bully boy tactics to buy the rest of Amstrad. Just like Fidelity, Sugar knew the score, but he lost because he considered people to be stupid. Amstrad investors got many times his derisory bid when BskyB bought it a couple of years later. I was invested in Amstrad, so I speak from experience. Read it Saying the share price was 115p last October should just remind us all that Fidelity's huge controlling holding has been the catalyst to why Colt shares have been depressed. No big player could get a look in. 190p is cheap shot from Fidelity, it says more about them than a million words. I am shocked they stoop so low. Many people see this for what it is, a stitch up!! So we may be forced to take the 190p and look elsewhere to invest...and in a year or so Fidelity will cash in at many times more than 190p. |
Posted at 30/7/2015 11:54 by robwt When Fidelity announced the offer for Colt at 190p, there was a lot of action for about a week after with the share price reaching 193p. I got out of a few at over 190p. Since then, the share price has hovered around 187p with all those shares being bought up.Could there be a buyer out there who has been hoovering up all available with a 187p tag for the last month...the trend has included some large quantities. If so, we might see a hike in the share price above 190p if Colt come out with a bullish report tomorrow. Buying at 187p could be a nice earner whatever happens. I wonder how many shares Fidelity have had an acceptance for. I was surprised that Standard and Ruffer indicated acceptance at a time when Colt seem to have turned the corner. Although they should be looking out for their investors and trying to get the best deal, it seems like they just accept what is a lowball offer. But they are part of that big club of fatcat fund managers who rarely achieve any decent returns. I don't buy any of it. Colt management think Fidelity are undervaluing the company and they are talking about their real boss. Also, some prominent financial writers on the other side of the pond have given it the thumbs down. |
Posted at 19/6/2015 11:37 by palace andy Some snippets from Citigroup* Fidelity entities already own 66.6% of Colt and it says it has received irrevocable undertakings to accept the offer for another 70.15m shares (7.8%). Fidelity needs to request the board convene an EGM for a shareholder vote to remove the relationship agreement which stipulates it cannot go above 75% (approval requires a majority of the independent shareholder votes cast). Subject to the removal of the relationship agreement Fidelity needs 80% to delist Colt and 95% to squeeze out. *This move comes as something of a surprise since Colt acquired its sister company KVH only in December 2014 for EUR130.3m. KVH was wholly owned by Fidelity and so the transaction effectively moved part of KVH into the public arena - not a natural move prior to taking Colt private in our view. We rate Colt Buy with a target price of 175p which this offer exceeds. Our Buy case on Colt is predicated upon its asset value, a result of heavy investment over many years which the company has consistently fallen short of converting into strong financial performance. We have hopes though that the corporate restructuring being advocated by the new CFO would bring benefits in due course. In our view independent investors might be justified in thinking that Fidelity is not acting on a purely altruistic basis but also that they are unlikely to get a better offer. There is a small chance that this offer flushes out a trade bid, but given the length of time that the company has been available for an approach we would not place a high probability on this. |
Posted at 19/6/2015 09:58 by dickbush From TelecompaperFidelity makes buy-out offer for Colt Friday 19 June 2015 | 09:04 CET | News Colt's largest shareholder Fidelity Investments has made an offer to take the European carrier private. However, Colt's independent shareholders said the bid of 190 pence per share undervalues the group, and a sale to a third party could achieve a higher price. Colt said the directors' assessment was based on its new business plan, which has been provisionally approved by the board and further details of which will be announced soon. While the independent directors, having been so advised by Barclays, consider the financial terms of the offer not fair to the shareholders of Colt, they also recognised that some shareholders may be interested in accepting the bid. Accordingly the board has made no recommendation to shareholders whether or not to accept the offer. Furthermore Fidelity has stated that it will not sell its shares in Colt before the end of 2016, so the immediate offer to cash-out may appeal to some shareholders. As a result Colt's board said it would convene a meeting of shareholders to consider the offer. Fidelity, which has supported Colt since its creation, said its offer also takes into account Colt's business plans and offer shareholders a premium of 35 percent on the average share price in the past year. In total its offer values Colt at GBP 1.72 billion. It already has the support of holders of 7.8 percent of Colt's shares, in addition to its own shares in the operator. |
Posted at 24/5/2015 19:13 by robwt DB...It may be wishful thinking that the report has credibility. I don't believe that it would take two bidders with big egos to value Colt at £2.8 billion.There are a some big players out there who could buy Colt, if Fidelity will sell. Colt's share price is so low through bad management and zero promotion. Us long term holders do not realise exactly how much Colt would be worth to the right bidder. |
Posted at 24/5/2015 11:21 by robwt Thanks DB & Mirko, really positive bit of news.Highly illiquid stock it is and that alone explains why it trades at peanuts. The manipulators of the stock will be taking a risk playing around with Colt shares if there is truth in the report. The share price has been depressed to a current level that values the company at £1.4 billion. The share price is super cheap, but Colt could not be bought for such a price in this current market. There is a tiny float available and the spread is not high so the shares are not really illiquid, they are not available. However, illiquid stocks can rise up in price extremely quickly if there is any sustained buying pressure. Remember Porsche/Volkswagen That stock rocketed to unbelievable heights...it won't happen with Colt, but the share price could rise significantly, double or more because the company is valued so lowly. |
Posted at 14/4/2015 07:24 by robwt DB..A disaster that goes only one way. Just look at how badly Colt have performed since the 1 for 3 split at 177p. The company is a dog.The Colt share price is good advert for not investing in anything owned by Fidelity. Bhasin should have been fired years ago along with 80% of Colt's board. The Fidelty management are no better. The whole lot of them are all but useless. If the report on May 1st is negative, I think it will be time to get out of these. |
Posted at 13/1/2015 16:20 by robwt Post from January 2013...Colt the Groundhog Day investment.Posted 25/1/2013 It seems to mean little to the Colt share price whatever is happening in the markets here or in the USA or Europe. Or why Colt's peers are performing far better than it. Colt has become the king of jam tommorrow companies and that's been about it for years. The chance of this company ever giving shareholder value or a dividend in the future looks more and more like wishful thinking. -------------------- Getting back to 2015. when is the next report due. |
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