Equals Share Discussion Threads

[swiss paul] 02/12/2023 23:38

Any thoughts on what the take out price would be?

[jias] 02/12/2023 16:44

From equals website
Pre close trading update w/c 8th January 2024.

[eeza] 02/12/2023 15:21

Re-iterated in 'strategic review extension' RNS of Nov 29

"Current trading continues to be in line with the Board's expectations and the Board remains confident in the longer-term growth prospects of the business."

[whittler100] 02/12/2023 15:09

They actually gave a trading update on 1st November "The Board remains confident in the long-term prospects of the business and believes that the Company is well positioned to create significant value for shareholders as an independent company. Current trading remains in line with the Board's expectations".

Was part of the " Response to market speculation" RNS

[eeza] 02/12/2023 14:34

There was a TU on 5 Dec last year.

[eeza] 30/11/2023 18:53

UT - Uncrossing trade from the closing auction.

Total nonsense and will have no bearing on trading tomorrow.

[colinroberts] 30/11/2023 18:43

Nice, but not sure if its correct. Could be one of these blips that corrects itself when trading starts tomorrow. Hope not though..

[hutch421] 30/11/2023 17:46

No smoke without fire eh?

[hutch421] 30/11/2023 17:45

No smoke without fire?

[shallwe] 30/11/2023 16:41

Nice little jump up at the close

[swiss paul] 30/11/2023 09:54

No just saying as it is as you did not seem to grasp the thrust of the context, but then again it could be my explanation.
Cheers up its early yet 😉

[swiss paul] 30/11/2023 09:49

No either your being thick or not getting the context. It is about AIM overall and the drivers for selling a business at a low price.

[aishah] 30/11/2023 00:00

Getting a bit frustrating now imo. Just get on running the business

[masurenguy] 29/11/2023 23:45

How other companies, particularly those in different business sectors, conduct their affairs has little relevance to Equals. I have no idea why DX has recommended a takeover offer price, which you describe as "measley", or why their directors and major shareholders are happy to accept it since I'm not a shareholder in that company. Contextually, it is not an analogous situation to Equals. If you're a shareholder here, and you have a cynical view of the the Equals BoD, then you can always sell out.

[swiss paul] 29/11/2023 19:55

Neither is - or was DX !
Does this seem like a co under distress?

Turning to the Company's current trading performance, as announced on 3 October, when the Group reported its final results, the business secured strong levels of new business in the first quarter of the new financial year and has a good pipeline of further opportunities. Overall trading since then has continued to be in line with management expectations. In addition, DX has made very good progress operationally with its investment plans, including a significant number of new site openings, in line with its strategic objectives.

"While the current economic headwinds point to some softening of consumer-orientated volumes, the Board continues to remain encouraged about growth prospects, supported by its consistent high service level offering and the commercial opportunities available."

[masurenguy] 29/11/2023 08:38

IST is not under any financial pressure to sell at this point in time. The company also reiterated in todays RNS that "Current trading continues to be in line with the Board's expectations and the Board remains confident in the longer-term growth prospects of the business."

Consequently I can't see why they would be persuaded to "consider a measley price" at this stage of their development with European expansion also just about to commence.

[swiss paul] 29/11/2023 08:33

I just hope that it is not taken out like DX. Extension after exrension then followed uop by what shareholders consider a measley price.

Self serving Exec and major shareholders happy but us plebs not so much.

[masurenguy] 29/11/2023 08:25

As a matter of interest Madison Dearborn paid $1 billion in cash last year to acquire MoneyGram, an international peer-to-peer payments and money transfer company headquartered in Dallas, Texas.



They already have a UK subsidiary, smaller than Equals, based in Canary Wharf.

[doobz] 29/11/2023 08:01

I do wish they hadn’t gone about it this way, not sure if they had to inform the market in their intentions to find buyers. Would much rather it happened behind closed doors and either a bid was made or not. This just makes the whole thing more jarring for an already flighty market

[qs99] 29/11/2023 07:46

Indeed, well said.

IMO, looks like they were approached, hence the need for all this, maybe the NEDs asked Exec team to review strategy based on what Madison were trying to tell them?

So a bid may come in, would have to be materially higher IMO to win the day, BUT if it doesn't trading in line, all to play for IMO, so down side is what do people think? c.£1.05-10? DYOR

[masurenguy] 29/11/2023 07:16

Clearly some meaningful discussions are taking place between Equals and Madison although that does not guarantee that any acceptable offer will materialize.

[hutch421] 29/11/2023 07:10

As part of the Strategic Review, discussions are ongoing between Equals and Madison Dearborn Partners LLC and, to allow further time for these discussions to take place, the Board of Equals has requested that the Panel on Takeovers and Mergers (the "Panel") extends the PUSU Deadline.

[ashleyjv] 28/11/2023 14:53

Tomorrow is the last day



In accordance with Rule 2.6(a) of the Takeover Code, by not later than 5.00 pm on 29 November 2023, each of Fleetcor Europe Limited and Madison Dearborn Partners, LLC must either announce a firm intention to make an offer for Equals under Rule 2.7 of the Takeover Code or announce that it does not intend to make an offer for Equals, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Takeover Code.

[66fingers] 22/11/2023 13:52

Thanks for sharing Barque, let's hope our faith is rewarded, I can't help but worry about the prospect of negative news at the end of the month.