De La Rue Share Discussion Threads

[wcjan26] 24/1/2011 16:51

"FCOF Offer Talks Terminated"

FCOF indeed

[felix99] 24/1/2011 16:49

quite funny really. Mgt have done a great job here of destroying shareholder value. In the position they are in with the Indians and the changes in the industry I think they need their heads examining not to accept 935p.

I suspect shareholders will roll a few heads for this debacle - my only other thought is perhaps they have done it deliberately as perhaps they knew that Oberthur may well have run a mile the minute they opened the books up to DD.

Reckon Oberthur will be back in 6 mnoths time and probably buy it for about £7 lol .

Some Hedgies must have taken a real shafting on this I suspect and I suppose some ex shareholders will thank mgt enormously to allow them to exit at over £8. rofl

[wcjan26] 24/1/2011 16:49

i don't think i have ever seen such a harshly worded bid retraction

[standish11] 24/1/2011 16:37

French company has announced it is not proceeding with a bid.

[topvest] 04/1/2011 18:33

Not impressed by todays announcement from Dela rue. They seem to have really messed everything up here and seem incapable of announcing anything on time. The french company have spotted this weakness and are preparing to move in. Looks like it could end with the sad loss of independence for what was a great british company.

[jange] 04/1/2011 15:57

Trying to put the new CEO on the spot I presume.

[wylecoyote] 22/12/2010 08:18

Hello Enami,

Thanks. I will study this and take it on board. Have a fab Xmas.

Wyle

[enami] 22/12/2010 08:10

WyleCoyote - In the event of a possible takeover bid, anybody with 1% or more must report ALL of their dealings as they happen (Normally only holders with 3% or more need to report when they cross each 1% threshold).

The requirements are set out by the target company the RNS issued 6 December when the bid became a possibility.



The full set of rules is on the Takeover Panel website (but it is 293 pages long)



Basically if it is a "friendly" takeover then the directors will recommend the approach.

If the directors do not recommend it and the offeror still wants to make a hostile take over, then they buy in the market and as soon as they get 30% of the shares they MUST make an offer to the remaining shareholders to buy their shares. Once they get over a certain level (90% I think) then they have the right to buy the remaining shares regardless. If you still don't want to sell then you will be a "dissenting shareholder" but there will be no market for the shares as the only buyer will be the offeror.

[wylecoyote] 21/12/2010 21:41

Can someone advise what all the form 8.3 and 8.5 mean? How can i interpret what they mean? Does it just state all the holdings of the major investors? Are they voting on an outcome? How does a takeover actually happen, if at all?

Thanks

[wylecoyote] 21/12/2010 21:33

Eric,

what seems to be the frustration? It seems to me that people short in anticipation of taking advantage of a falling stock. Unfortunately, in this case, a bid has caused a spike in price. A risk that you take, whether it is a long or short. It is neither here nor there, besides I am sure there are ways in which to could minimise your tax liability. It is a first for me to see someone excited about paying tax. There you go.

Wyle

[redips2] 21/12/2010 08:38

Eric---well said, i really like the "spud headed plankton" bit, brilliant---i may well use that term---if that's OK with you, LOL.

[redips2] 14/12/2010 12:18

Thankyou jange----i bought in at £6.65p, and am happy to hold----give the new man time to sort DELA out, from what you say he is a v good choice.

[jange] 13/12/2010 13:16

redips. He did long stint in the medical division of Smiths Industries. I bought Chloride on his appointment there and did very very well with the takeover. A clever man who would never take undue risks with shareholders cash but nevertheless a very steady pair of hands to guide DLR along. I used to hold DLR when they took over Portals years ago. I will look to buy some in the near future.

[redips2] 13/12/2010 13:02

I was wondering---jange---as i know nothing about him---that's good to know.

[jange] 13/12/2010 12:27

Believe me that Tim Cobbold is a class act. If anyone can sort these problems out it is him.

[chri5 wright] 13/12/2010 10:00

the Prudential bought at the bottom too. what about this new ceo?
how can the board justify keeping shareholders in the dark about a serrious bid?
how can the board explain the darkenss around the delay in the ceo, and the indian bank debarcle?

[topvest] 10/12/2010 22:08

Caledonia Investments made a very well timed £10m investment when many institutions were bailing out. All credit to them!

[the skunk] 10/12/2010 14:47

I was under they were talking about making a hostile bid?

[chri5 wright] 10/12/2010 13:36

i agree, the management appears to heve been very poor. not at all what you would expect from a global business. i'm quite shocked.

will they last?, can they remain independent?, will the shareholders allow it?

was the bidder so uncommitted to a bid this size to just give up on th edeal?

just a few questions.....

[hvs] 09/12/2010 18:05

Insider dealing needs to be looked into.

[kristini2] 09/12/2010 16:03

Shares says Sell as the French group are unlikely to increase the bid,

[topvest] 09/12/2010 10:30

The Board of Dela Rue seems to have mis-managed things pretty badly here in my opinion. First they goof everything up by creating massive uncertainty, then they think it's ok not to announce an approach at a massive premium to the bombed share price. They seem to have lost the plot and Dela Rue holders that remain deserve to be put out of their misery by being acquired by the French bidder. I wouldn't be surprised for some holders to be putting claims in if they sold out at a much lower price when information hadn't been disclosed which would have materially increased the price.

[nellie1973] 09/12/2010 09:17

Broker note out, upgraded to neutral

[redips2] 07/12/2010 12:58

Well said---agree with all of the above. i will watch and wait also.