Up-date from my previous post. Cheque came Sat. |
Got the cash for shares held in Freetrade, but not for some I had in iweb. The cynic in me wonders if iweb thought they'd hang onto the cash for the weekend! |
Just when I thought I was on my own. Thanks for thr reply hirani2. |
I hold them through Hargrives I still not received payment. |
Are there any like me who held certs and no received payment yet. |
Great bombing tnt - quick you better short it! |
Here we go 1.00 incoming |
For those feeling impatient, a reminder that the effective date, if all goes well at the various meetings, is 20 January 2025. Payment should be received shortly afterwards and not later than 3rd Feb. |
Dreadful company. Created a false market, misled the market. I sold a bit early at 48p but massively relieved to get out with a profit. Would certainly not hang around for a better offer with a PE of 34 for zero growth. Probably the most over priced stock on AIM that’s why the Americans love it! |
No surprise that they announce poor results and lower profits just weeks before the takeover, I hope they make a total mess of it going forwards, likely that AI and technology will wipe them out in the future, lets hope so. |
The eck board have capitulated their responsibilities to the shareholders in agreeing to the first and apparently only offer for their shares. Humiliation for their reputations in the way they declared they were desperate for any offer. Sad days all round. |
Samson Rock building a +5% stake...... |
At this point, impossible to know with any certainty the best course of action.
There was extraordinary liquidity in ECK shares on Wednesday (several hundred times normal trading levels).
Saw this frothy trading as an opportunity, with a single mouse-click, to dispose of my biggest single shareholding, get out of wretched AIM, and move over into high yielding, mainstream, FTSE stocks.
Each to his/her own though... |
Who are TGF Asset Management and why would they buy 22 million shares at a price so close to the current deal price, makes no sense other than a raised counter offer is in the offing? |
Wonder if another buyer might enter the fray |
Classic Christopher Mills putting in a bid on budget day. |
If the market believed there was a higher offer to come then I would expect it to trade above the offer price. Also the purchaser presumably is very likely to be hoovering stock up below the offer price. Not seeing any evidence of a higher offer to come at the moment |
The reason is that mm's are bidding over mid-price, 52.51p to 52.55p for example. Anything below 52.6p is likely to be a 'sell'. |
Seems to be a lot of buying this morning. Surely peeps aren't looking for a 1.5p turn in a few months so presumably they are anticipating/hoping for a higher counter offer to come in. Would make sense as I firmly believe the company is being undersold. |
Yer should have bought some more well done halfpenny you can't say you we were not told |
WOW!! the RNS Fantastic news with
Shareholders will be entitled to receive:
for each Eckoh Share: 54 pence in cash.
Did expect more!! But cant be too greedy.
54p was always there for the Smart Investors. Now onto the next deal...
Happy Xmas everyone with this winner!! |
Well done all who backed for this eventuality A bit of good news on what may not be for AIM company shares |
Well that worked out ok :-). 54p cash offer. |
earwacks - true, H1 results should be due in a few weeks, they should make interesting reading, do they talk things up to try to incentivise a buyer, have they actually made the progress they suggested they would, or will it be more of the same as prior years, if it is then there really need to be changes made at the top management levels |
Nickel. There could be a half year RNS the this week or early next week. Possibly not quite as delirious as halfpenny, soon to be known as farthing. I think he just does this for fun or deliriously optimistic that everything turns to gold. He could of course be absolutely right and we are way to suspicious of this highly secretive company that are desperate to offload, which rather belies their belief that Echo has a silver bullet . Full of contradiction and feels more like a broken arrow to me. The other major concern is theirs and and Equals desperation to sell a convenient way to exit AIM before being shoved.It’s not the actions of two companies that claim to be doing so well . Most companies that get an offer leap by at least 25 percent. These guys have cleverly inched up the share price by leaking out news that isn’t really news or even a serious offer |
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