Dee Valley Grp Share Discussion Threads

[praipus] 21/12/2016 21:29

Well remembered:


So if SVT need to release AXA and Aviva from their commitment to Ancala they would need to offer £19.619!

I wonder if this is another reason why ODDO are loading up at £18.

[redartbmud] 21/12/2016 20:02

Praipus

I thought that Chelverton sold their shares to Ancala before the last Svt bid.
Some 184500 shares involved.

[praipus] 21/12/2016 19:50

SVT demostrating what a truly modern well run company they are (more companes should have female executives IMHO) and the axiom "everyones point of view is valid":

[praipus] 21/12/2016 19:39

The irrevocable commitments are in black and white so DVW shareholder's are in for a treat if SVT want or need to unhook AXA, AVIVA and Chelverton from their commitments to Ancala with a further offer increase.

[praipus] 21/12/2016 12:53

So the irrevocable commitments cease to be binding if Ancala's offer* is exceeded by a third party offering: the same amount £17.06* + 10% =£18.76 for AXA to be released and by £17.06 +15% = £19.619 to release AVIVA and Chelverton!
Have I got this right?

Presumably Ancala pocket the difference if they don’t get enough votes and have to sell to SVT at £18.25?

Or an alternative CMA approved bidder (SVT,UU.,PNN, WW(?)etc) could sweep up with an offer of £19.619?

*Or is it only conditional on the original offer at £15.50?

[praipus] 20/12/2016 14:05

ODDO Meriten Asset Management at it again another 2,000 DVW at £18.00 using a CFD



Just in case anyone else is interested I try to track what ODDO and other arbitrageurs are up to on the WAM thread

[praipus] 19/12/2016 14:44

Look carefully, interest rate trade, arbitrage.

[redgog] 19/12/2016 14:12

Why would ODDO Meriten asset management buy a 1% stake at £18? today

Not much of an upside you would think

[exbroker] 16/12/2016 12:58

Price moving up to reflect the fact that SVT the most likely winner here.

[praipus] 16/12/2016 11:21

CMA approval good news IMHO and it wont make a rival bid less likely thats for sure.

[topvest] 16/12/2016 07:59

Looks to me like Severn Trent have it then at 1825p. I suspect they will get 75% unless another party enters the battle. Ancala have lost unless they up their bid.

[redartbmud] 16/12/2016 07:55

UK Competition and Markets Authority ("CMA") approval

The Dee Valley Board notes today's announcement by the CMA that it has unconditionally cleared the Revised Severn Trent Acquisition following its Phase 1 investigation.

Unless otherwise defined, capitalised terms used in this announcement have the same meaning as in the announcement by Dee Valley of the posting of the Severn Trent Acquisition Document on 2 December 2016.

The noose tightens.

[praipus] 15/12/2016 16:25

Hi Exbroker
I dabbled with PUB but ducked out after todays RNS. Seems to be a lot of M&A will look at others, thanks.

[exbroker] 15/12/2016 16:19

Hi Praipus
It’s a rate of return trade.
1771 after costs, 1825 cash =54p 54/1771 = 3.05%. Deal closes late Jan so say 2 Months. 3.05% x6 = 18.295 annual rate of return.
That why I am in LVD, CCAP, MPE and AVS.
LVD and MPE both had bumps up from the first bid.

[praipus] 15/12/2016 15:21

Would you like to explain why?

[exbroker] 15/12/2016 12:49

No I am still buying!!

[praipus] 15/12/2016 11:10

Have you sold your shares to Ancala?

[rachelnickerson1976] 15/12/2016 06:41

Maybe it's the local economy that ancala would support and granted the modernisation that they would bring to the company would create job loss it would probably come from retirement rather than majority job losses as with Severn Trent

[dleftpalt4] 14/12/2016 22:17

Can't understand why anyone is in support of the Ancala offer. They are only looking to acquire this business to work the assets.

Sold half of my holding in the market to cover my options.

[praipus] 14/12/2016 15:07

No problem.

Have you really sold your shares to Ancala?

[hindsight_speculator] 14/12/2016 11:04

Sorry - don't know the answer to this. No hosepipe bans in Wrexham and Chester areas for many years. Hosepipe bans are a measure of peak demand v peak supply and also of topography. They are not related to plentifulness of water resources.

[praipus] 14/12/2016 10:41

Thanks.

There does seem to be a correlation between low EA abstraction charge and low water bills. Not as much as I imagined probably for the reason you mentioned.

Which water companies have had the most hose pipe bans?

[hindsight_speculator] 13/12/2016 22:29

Re 453. Main sewerage providers are WW and UU. SVT small/immaterial.

[praipus] 13/12/2016 22:06

SVT employ 7,800 people!

I imagine the staff benefits are good. When a company I worked for got taken over by a larger public company I benefitted from a

• health care plan
• pension
• death in service cover
• income insurance
• major store discount scheme
• generous share save scheme

When I eventually left five years later to form my own company I sold the shares for a profit (when they were taken over by an even larger competitor), froze the pension and tried to obtain comparable products from elsewhere but was staggered at the cost differential 50-100% more per annum for the same cover etc!

SVT will get massive discounts on staff benefits which go straight to the employees.