Dx (group) Share Discussion Threads

[stemis] 06/11/2023 07:45

21 Nov will be 10 weeks since offer announced. Surely enough time to complete their due diligence...

[hillock1] 06/11/2023 07:30

The extended deadline 21 novAGM 23 Nov The date so close..

[stemis] 06/11/2023 07:24

"The final dividend will be paid on 7 December 2023 to shareholders on the register on 17 November 2023, subject to shareholder approval at the forthcoming Annual General Meeting ("AGM") on 23 November 2023."

[yasx] 06/11/2023 07:06

Extension it is - rather disappointing.

This potential bid has actually held the shares back since it has capped the upside for the past couple of months - without that, and on the basis of the last strong update, the shares may well have gone beyond 50p by now.

[hillock1] 04/11/2023 09:10

Maybe another extension of deadline on Monday and I don't expect another higher offer price from HIG or a new partyBut who knows

[qs99] 04/11/2023 08:47

who knows, shame either way, especially on instis who have signed up the irrevocables, allowing a plc to be snapped up on the cheap, probably as they may get a juicy bonus for the return or something maybe? Ggggrrrr to the lot of them. DYOR

[katsy] 03/11/2023 16:13

Hope management don't accept an offer of 47.5p on Monday ie 48.5p minus the 1p dividend.

[qs99] 02/11/2023 13:28

So why have those 2 Instis sold out at such a low ball number? Are they "rolling" their stake do you think? Makes no sense.

Board could withhold their recommendation for a bit of a squeeze surely

[fenners66] 02/11/2023 09:49

What % did they say they had commitments from 31.5% ?
Its still a long way to go .
Even when some boards have recommended a takeover they have been rejected in the past.

[stemis] 02/11/2023 09:22

The only reason HIG would pay more is if the board refuse to recommend it. Probably unliklely but you never know...

[molatovkid] 02/11/2023 09:16

Bit surprised another company in the same sector hasn't had a pop here.

[tanners] 02/11/2023 09:15

yasX exactly my thoughts which is why I'd be very surprised to see anything above 48.5p unfortunately.


farob - completely agree, but I'm sure we'll all get the opportunity to buy back in in 3 years time when it's refloated at £2 a share....such is the life of a humble PI I guess.

[yasx] 02/11/2023 09:11

But if two major holders are willing to sell out for 48.5p, then why would HIG agree to pay more….

[qs99] 02/11/2023 08:10

"at least" 48.5p are the words from that RNS that stick with me, leaves room for Board to show a pair and negotiate hard even for a 10% increase over that as the EV/EBITDA ratio this is being bought out on potentially IMO is far too low, cash generation even with low growth in future should be v.v.good....DYOR

[katsy] 01/11/2023 15:17

Still at least 8% to be had here.

[farob] 01/11/2023 11:39

I'd personally rather sit on my shares for another couple of years as the growth will come and the share price will rise much higher than 48.5p. IMO

[qs99] 01/11/2023 11:12

HIG are obviously v. keen, lots of dd, advisors, costs, letters of intent

"at least 48.5p incl divi"

They want the recommendation of the Board, makes their life easier

So Board need to stiffen their resolve, and grab a few extra pence to make this a no brainer as sub 50p IMO is still way to cheap.

DYOR

[ls24] 01/11/2023 10:31

I wouldn’t be surprised to see an extension either but that may end up being a blessing for us shareholders

[fenners66] 01/11/2023 10:12

More like a collar

[qs99] 01/11/2023 10:05

Can't see why they need another extension!

This says "at least" 48.5p so I'm not sure why people think it is putting a "cap" on the offer price?

Apologies if I have missed something!

DYOR

[markie7] 01/11/2023 09:41

note the dividend is now explicitly wrapped up in the offer price - suggests to me that HIG are playing hardball.

Apart from that this is a routine announcement necessary as the letters of undertaking had expired.

I wouldn't be surprised to see another extension on 6 Nov.

[stemis] 01/11/2023 08:41

When I first saw the announcement 'Possible Offer for DX Group' I half thought it was going to be a rival offer !! (which I think is pretty unlikely given the passage of time, unless they are waiting for HIG to do their due diligence for them...lol)

Yes, interesting that support (which is just 'intention' rather than 'actual') is now at 48.5p not 45p. It is also, of course, subject to "unanimous unqualified recommendation of the DX board" so will still come down to the board.

[miti 1000] 01/11/2023 08:37

The main shareholders have increased the minimum they will accept from 45p to 48.5p. That is good news.

[this_is_me] 01/11/2023 08:32

The share price is drifting up. It will become interesting if it gets to around 47.5p (48.5p less 1p dividend)

[tanners] 01/11/2023 08:27

Well it certainly puts a cap of 48.5p on the price.....unless late competition arrives which I think highly unlikely sadly.