Emblaze LD (DI) Share Discussion Threads

[moneyman18] 27/1/2014 13:49

If its true then as soon as buying starts the MM's will take this back to 65p

I AM WAITING

[waterloo01] 27/1/2014 13:44

so why do we trade at 51p?

[glaws2] 27/1/2014 13:43

I agree with you gdark - but others don't see it this way.

[moneyman18] 27/1/2014 13:41

GIVE ME 75p I will be happy to walk

[gclark] 27/1/2014 13:35

From the RNS:
Further to the Company's announcements of 24 December, 2013, 13 January, 2014
and 16 January, 2014, BGI has informed the Company that as at 1.00pm today
(being the last time and date for receipt of Forms of Acceptance, TTE
Instructions from Depositary Interest Holders and Tax Declaration Forms), a
total of at least 43,097,977 Emblaze Shares from non-Interested Parties and
57,377 Emblaze Shares from Interested Parties have been tendered in connection
with the Offer, representing in aggregate, approximately 39.24% of the issued
Emblaze Shares.

- so they have been offered 39% in the tender

23,766,166 shares of the Company were held by or on behalf of the BGI Group and
Chabad 770 BV prior to the Offer Period, representing 21.59% of the share
capital of the Company. Together with call options open to Chabad 770 BV, the
Extended Group held (or held options in relation to) approximately 43,016,965
shares of the Company, representing 39.1% of the Existing Issued Share Capital.

- so they originally had 21.59% up to 39.1% before the tender

The number of acceptances exceed the number of Emblaze Shares to which the
Offer relates and, having also been approved by a majority of those voting in
relation to the Offer, BGI has informed the Company that the Offer has
therefore become unconditional.

- so they have a total of 39 + 21.59 = 60% or 39 + 39.1 = 78% depending on whether options are taken account of

It is going unconditional so they want more than they've been offered, and if they get over 75%, which taking account of the options they already have, they can compulsory purchase the rest - all at 75p.

This is my understanding of the situation.

AIMHO

[moneyman18] 27/1/2014 12:48

Thats very true,

BUT they were offered YET another BLZ GOLDEN CARROT

[landsker] 27/1/2014 12:13

the wise ones were the ones that didnt tie their hands behind their back by tendering their shares and sold at 60p last week

[moneyman18] 27/1/2014 11:53

51p to sell

[adg] 27/1/2014 10:41

still none the wiser as to how much of my holding will be taken - hope it will be the full 100% but suspect it will be around 13%

Still thats better than nothing.

I was shocked (but not surprised - which sounds a bit irish) at the 39% take up of the tender offer. Speaks volumes - but also gives a finger in the air / measure of sentiment at what price they will need to pay to get rest of shares.

Offer of 65p to 70p would probably seal the deal for those left holding this dog.

Would for me i guess - at 50 something pence i am happy to hold / wait for court cases.

Luck to the idiots still left with this sucker !

[adg] 27/1/2014 10:40

still none the wiser as to how much of my holding will be taken - hope it will be the full 100% but suspect it will be around 13%

Still thats better than nothing.

I was shocked (but not surprised - which sounds a bit irish) at the 39% take up of the tender offer. Speaks volumes - but also gives a finger in the air / measure of sentiment at what price they will need to pay to get rest of shares.

Offer of 65p to 70p would probably seal the deal for those left holding this dog.

Would for me i guess - at 50 something pence i am happy to hold / wait for court cases.

Luck to the idiots still left with this sucker !

[landsker] 27/1/2014 08:46

your right , the reputation of the state of israel has been badly damaged by the behaviour of some israeli companies, maybe its something to do with the fact a lot of these companies are run by ex mossad or shinbet people who would not have a lot of empathy with shareholders from other countries

[adg] 27/1/2014 07:41

All my dealings over the years with Israeli companies - without exception - have turned out to been a negative experience due to the lack of honesty and utter total greed demonstrated by management over their legal obligations to shareholders.

I will exit my holding of 45k shares when the time is right - 75p would do.

I wold prefer to do business with Nigerians than Israelis going forward - & yes I have firsthand experience of both.

Never have I experienced such complete greed and utter contempt for shareholders - they all deserve to be in jail (along with Eli) imho

[moneyman18] 26/1/2014 11:13

Lets hope that we are all right here,

Positive share price going forward

[cjohn] 26/1/2014 09:24

When I was trying to buy in the market last week in the mid 50s, there was very Little liquidity. So they couldn't pick up large amounts without moving the share price significantly.


Any further offers they make will have to be at 75p or above.

[adg] 25/1/2014 16:17

I have held for 10+ yrs so why panic now

[moneyman18] 25/1/2014 14:01

Lets hope adg and other don't panic on the next trading session, I was becoming relaxed about BLZ and its future with the new Management team,

At least they would have tracked down all the holders which should shake off the LAW suite against BLZ

[waterloo01] 25/1/2014 13:36

Can't say they don;t have enough skin in the game!

[hotfinance14] 25/1/2014 11:55

It wont go Private..let's see what there stategy is with the company.

[moneyman18] 24/1/2014 20:45

Surely its still worth 85p a share ##Or are they taking this Private ?

[landsker] 24/1/2014 17:43

would have been better off just selling the lot when it was 60p a few days ago, if your lucky you will only get about 10 percent of what you tendered and all this has done is show how big the demand to get rid of the shares are , probably be back under 50p next week

[adg] 24/1/2014 17:32

So does that mean that they will take 12.5% of my holding (i tendered 100%)
My rational being that 40% of shareholding was tendered by holders had it been 100% then 5% of holdings would be purchased from each holder. Had 50% been offered to BGI by holders then they would have taken 10% of each holding tendered, 40% equates to 12.5% ??

[waterloo01] 24/1/2014 17:02

Because that's what they have a mandate to buy and with the 5% will hold 43%. For the other reasons... Why on earth would they take up a further 35% at 75p when they can and might buy in the open market at 55p

[cheeky13] 24/1/2014 16:43

Please explain why they will scale back.

[waterloo01] 24/1/2014 16:35

No. They will scale all back to 5%. Why on earth would they take up a further 35% at 75p when they can and might buy in the open market at 55p