| Date | Subject |
|---|
16/8/2021
14:16 | on target: Have EQN offered any explanation to shareholders of why they have kept some Eqi share dealing accounts (including mine) but are no longer accepting any new customers? Getting a bit nervous as a customer in the absence of any explanation for this seemingly strange behaviour.
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27/5/2021
10:15 | vacendak: Recommendation to accept a 180p cash offer.
htTps://www.investegate.co.uk/siris-capital-group/eqn/recommended-cash-acquisition-of-equiniti-group-plc/202105270705300114A/
That would make me a few pence per share in the black. I would have expected more after getting in at IPO time, adding on the way up and holding for all those years, but 180 is better than 170 I guess.
Still, had I known, that investment would have been put to better use elsewhere. :(
|
19/4/2021
11:06 | pete160: The BOD have zero credibility to defend against a bid, whether this or another one.
They've known that this suitor has been in the wings for months (but didn't disclose the previous approaches to the market) and the recent results provided them the best opportunity to come up with some reason as to why they should remain in charge.
Despite awarding themselves more options - they couldn't even see themselves to reinstating the dividend, not even a token amount.
They have singularly failed to demonstrate any management ability or confidence in being able to continue.
Their only hope now is to attract a white knight at a higher price, but I doubt they could organise that - they're probably too busy awarding themselves more options.
|
01/4/2021
16:14 | pete160: W1bur - ditto.
I think the BOD have signed their own death warrant with these results - under performance, no dividend and nothing resembling confidence going forward.
The BOD have nothing to defend their shameful performance against a bidder - bring it on!
|
31/3/2021
14:20 | pete160: Well if the bod don't pull something out the bag tomorrow such as restoring / back paying the dividend, then this will be an open door for a bidder or activist investor to come, shake it up and take the spoils.
|
03/3/2021
12:47 | vacendak: It could just be floating back up organically.
Things could be slowly improving, more companies going back to paying dividends, thus paying fees to EQN...
Again, not complaining as there is still a lot of catching up to do for the share price
|
26/2/2021
17:08 | vacendak: Indeed, everything but EQN is down for me too, even gold, silver, gold & silver miners (GPM)...
Still the EQN rise is not that great, a rumour would lead to a jump 10+% at least. Anyway, not going to complain on EQN going up. :)
|
19/2/2021
16:40 | vacendak: Things need to settle first, companies needs to go back to paying dividends, EQN needs to get back administering that, etc. Nothing can happen until the lockdown is over or the population of most of the G7 countries has attained herd immunity through vaccination.
Having an offer for EQN now, and accepting it, would likely be on the cheap, so not beneficial to shareholders.
I would rather wait for a 350p-400p offer later this year.
|
11/2/2021
17:24 | stuffee: My guess is that Seris knocked on EQN's door some weeks ago, which EQN refused to open, fearing most of EQN's management would be history under an aggressive PE owner and ignoring shareholders' interests.
Being a PE bidder, Seris would require some due diligence before proceeding and I doubt it could finance any bid without access to latest numbers. Out of frustration, Seris leaked its approach to Sky to try and force EQN's hand.
I assume major EQN shareholders will now "encourage" EQN to engage.
I agree with yf above and I'm sure EQN DO have obligation to announce something, even a denial if there has been no approach, in view of the Sky story and share price rise of over 10%.. See link to relevant Rule 2.2 of City Takeover Code, page 68.
hxxps://www.thetakeoverpanel.org.uk/wp-content/uploads/2021/01/25227_008_The_Take_Over_Bookmarked_31.12.20.pdf?v=7Nov2019
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11/2/2021
11:50 | stuffee: The delay in Board's response to a potential 170p bid from Seris is becoming scandalous. Interesting that EQN announced yesterday that some director of a subsidiary purchased 126 shares; EQN obviously feels this is more material than a potential £600m+ offer for whole company. I'm told delay blamed on confusion caused by recent termination of Ch Exec and new CE not starting till April - the Company has a Chairman, other directors and advisors. This delay will not enhance the existing poor reputation of its Board (which has depressed share rating).
Brokers (HSBC) now estimating 2021 eps of 13.5p and EBIT of £70m - bid at 170p looks bit modest.
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