Communisis Share Discussion Threads

[isis] 23/10/2018 21:23

Directors have very little personal holdings, I'm sure if they had they would have thought differently! I have a bigger holding than most of them! lol

[isis] 23/10/2018 21:18

Thorpematt - yes they have. The share price would have risen in time to near what they have offered - so not such a big deal really.
That's the law of the Jungle I suppose, but it may lead to someone else having a look with any luck :))
3 months ago they would have had to offer around 90p to get a chance, they are not silly as they have done alot of takeovers by the sounds of it and know the game well.

[thorpematt] 23/10/2018 20:56

I thought the premium was a tidy one... but of course had the bid been 3 months earlier there would be no premium at all!

I am a fairly recent buyer here, so much so that I had not as yet taken what I call a full position (I had built 50% of my usual holding), and so I cannot complain at my "premium" BUT I do rather feel that this offer has been nicely timed to take advantage of a short-erm lull in the share price

Again I cannot complain since ultimately I have tried to time my buy in the same manner.....it's just that I cannot help feel that a predator with a long view might very well concur that the price here is still a bit of a bargain.

[isis] 23/10/2018 20:43

I would call it opportunistic, but it has been agreed so only a White Knight would get shareholders more.
Not being greedy, just my view. :))

[mount teide] 23/10/2018 20:35

isis - thought a 40% premium at the current stage of the economic cycle was pitched perfectly to secure a deal - a decent premium for the shareholders and something in it for the buyers.

[isis] 23/10/2018 19:16

Not sure why so many are calling this a good deal, I think it is on the low side tbh.
Markets are depressed so it's at a premium to the market price but barely in the Broker targets, one expects a good premium on a bid.

[culchi] 23/10/2018 18:50

Like A few more posters bought on J T Cods recommendation February 2010 and have held since. Many thanks J.T.for your wisdom and generosity in sharing your knowledge and experience with us. Now retired I shall miss the ever increasing dividend. In the Republic of Ireland we don't have Isa and CGT allowance is just 1250 Euro per year. I will have a fair CGT bill @ 33.3% but I could have worse problems.Will look for some solid replacements.Thanks David for your list.

[isis] 23/10/2018 18:22

I'm sure these had an intraday high of 75p in the last year.

[isis] 23/10/2018 18:17

Hi david. Reminds of the Cheeky bid on Gladstone, but White Knight left it too late.
I personally think these are worth 10-20p more. imo

[davidosh] 23/10/2018 16:46

Isis......I would not rule one out either. The instos will have left the door open to change horses if a new bid above an agreed uplift comes in.

Baticle.....We will have 60 companies by the date of the event as they are currently signing up at the rate of two a day and we already have nearly 40 with the .latest news on companies just signed up...NWF, Aeorema, Smartspace, Supermarket REIT, Ferguson Hyams, and Bushveld.

[isis] 23/10/2018 16:21

I wouldn't rule out a second bid - this is not expensive @71p and may force out another buyer. :))

[baticle] 23/10/2018 15:59

Duplicated.

[baticle] 23/10/2018 15:59

Thanks davidosh...Good link ....very interesting, there are a couple on that list that I already have a small punt on but always on the lookout for a good investment.

[davidosh] 23/10/2018 15:28

Well now I know the likely reason why Communisis were not keen to come and present to hundreds of investors at our #MelloLondon event ( ) next month even though the share price was so low and they have exhibited and presented before.

It is always difficult keeping all investors happy but as a long term holder who bought alongside many others when JTCod was writing up his thoughts on the company in 2009 one cannot complain.

For those now looking for a new home for your money you will have a selection of 60 companies in the small to mid cap space to come and research at the event so why not come along....here is a list of the first 25 or so....

[baticle] 23/10/2018 15:05

There's always a possibility of another bid.... these things have a habit of flushing out any interested buyers.My memory's a bit hazy now but a few Years back there was a bid for Sweet Group CSG at 35p and in the end there was a counter bid at 41p which was a suprise to everybody as the deal for the original bid was all but done.Whilst I'm not disappointed there has been a bid.. given there'll be no final dividend at 2p ish and at 80p would have given a PE of 15 ish on last years figures, I reckon thats where it should have been tabled. But thats the name of the game and OSG will get a bargin they can see value in.

[isis] 23/10/2018 14:59

The whole Board only own 0.3 percent between them!

Communisis Directors have irrevocably undertaken to do in respect of their own beneficial holdings of 598,200 Communisis Shares representing, in aggregate, approximately 0.3 per cent. of the ordinary share capital of Communisis in issue on 22 October 2018

[isis] 23/10/2018 14:51

Before the rout these were holding well in the mid 60's - so hardly a good deal from that position.

[isis] 23/10/2018 14:19

I'll bet they're smiling at OSG!!
Given the visibility, quality and longterm contracts CMS have I don't think they are paying a high price at all. Directors do not have large shareholdings.
Definitely a coup for the buyers in a lucklustre market imo.
I wouldn't rule out a counterbid as happened with another share of mine but they left it too late.

[jonals] 23/10/2018 11:31

Have held these since 2009. Although disappointing of late, the takeover price gives me an IRR of 18% including dividends, which I am happy with. Given the company position in 2009 I think the management deserve credit.

[jtcod] 23/10/2018 11:23

Thanks Edmund. Let's hope we find an equally rewarding home for the cash.

[lancasterbomber] 23/10/2018 11:20

As an extra bonus, I had a £350 divi which was re-invested and they have now gone up 39% as well!

[isis] 23/10/2018 11:13

Does anyone think a counter bid is possible? They only have 42%

[edmundshaw] 23/10/2018 11:02

Nice way to cash in your holding JTCod. Well done on this one!

And I agree congratulations to Anthony Blundell are in order. Not all plain sailing especially more recently, but overall he can be proud of what he has achieved.

[malcolmmm] 23/10/2018 09:59

I have some, will hold onto them as haven't many.