Emis Share Discussion Threads

[bulltradept] 22/3/2023 11:06

So this uncertainty to contributing to the current price movements.

I suspect we might see a spike down today as the algos have some fun.

[wad collector] 18/3/2023 09:58

Thanks for that , I see there is a date of 24 March for UH to come up with a plan.

[wad collector] 17/3/2023 17:03

At one point today it was 1780p. That is 145p below the offer price which they claim will be completed this month or early next quarter. That seems a big gap to me. A 6% premium for holding a month or three. Has the market got wind of a problem?
I sold out months ago , but my wife's broker has held on to hers.

[c3479z] 01/3/2023 15:03

if the payout comes, it will be before the next dividend is usually paid in May so shareholders receive the payout only though they deserve some of the dividend due to the delay++!

[rathlindri] 27/2/2023 20:34

WHY (?) are we waiting?

[rathlindri] 15/2/2023 10:06

Any definite news when payment for shares is likely to be made? Getting fed up waiting...

[typo56] 20/1/2023 07:49

CMA launch investigation

[ali47fish] 28/11/2022 14:38

why on earth i soc generale adding to this

[wad collector] 14/11/2022 08:33

Unloaded mine for 1886. It has effectively become a bond paying 2% in a few months.

[wad collector] 09/11/2022 08:34

50p per share or 50/1875 as a fraction, or 2.666%. That's what we will lose by holding on for deal completion rather than selling now.

[ali47fish] 08/11/2022 22:12

yes not just 50p its 50 p per share?

[wad collector] 08/11/2022 21:18

The agreed price is 1925p, and closing price yesterday was around 1875p , hence a 50p reward for hanging on until completion.

[ali47fish] 07/11/2022 18:37

but the current price is much lower- where do you get this only 50p- iam not good with maths so please explain

[wad collector] 07/11/2022 17:42

So with the 1925p now drifting to sometime next yr ,and no prospect of a further dividend , I think it might be time to take the bird in the hand rather than hang on for another 50p or 2.5% in 2-4 months time....

[wad collector] 06/11/2022 21:57

Slippage in the timetable;

Listed healthcare software developer EMIS Group, whose products are used across a number of major UK healthcare settings, has said it now expects its £1.24bn takeover to complete early next year.

EMIS Group was established in North Yorkshire in 1987 and specialises in connected healthcare software and systems. Its products are used in primary care, community care, accident and emergency, and community and hospital pharmacies.

The Leeds-based company employs about 1,400 staff, primarily in the UK (1,150) and India (250), and it reported revenues of approximately £168m in 2021.

It was announced in June that Bordeaux UK Holdings II (Bidco), an affiliate of Optum Health Solutions (UK) (Optum UK) and a wholly owned subsidiary of UnitedHealth Group Incorporated (UnitedHealth Group) had reached an agreement with the board of EMIS Group on the terms and conditions of a recommended all cash offer.

The proposed acquisition values the entire issued, and to be issued, ordinary share capital of EMIS at approximately £1.24bn.

In August, EMIS Group shareholders voted to proceed with the takeover, and the secretary of state confirmed that no further action will be taken in relation to the acquisition.

The group has now provided an update to the timetable for completion of the deal.

It said the parties are currently in the process of finalising a Merger Notice with the Competition and Markets Authority (CMA), preliminary to a Phase One investigation of the Acquisition.

As a result, unless the relevant condition is waived by Bidco, EMIS now expects the takeover scheme to become effective in the first quarter of 2023.

Travers Smith is acting as legal adviser to EMIS, with Numis as financial adviser, corporate broker and nominated adviser, and MHP as PR adviser.

Slaughter and May is acting as legal adviser to UnitedHealth Group and Bidco, with Robey Warshaw as financial adviser and FGS Global as PR adviser.

[wad collector] 26/10/2022 14:17

Thats an interesting perspective. Yes I would probably have reinvested too early as well. The AIM sector has dropped much more than the FTSE100 or 350.

[c3479z] 19/10/2022 16:45

personally rather welcome the delay, as any money received would have been reinvested in IHT qualifying stock which would likely have lost value these last few months. Can receive the dividend in early November.

[wad collector] 19/10/2022 14:33

It has become a bit like a Bond, to be redeemed at a vague date. I was expecting to see a gradual closure of the gap, but thrown into that mix is the loss of the opportunity to invest elsewhere in a market that is rather different to when the offer was made, and the vague possibility that it might drag on for months, with the consolation of a further dividend of 21p if it stretched into March next year.
Maybe that uncertainty has pushed the price down this week, some trades today at 1850p which is a 75p gap.