Equiniti Share Discussion Threads

[stuffee] 09/2/2021 20:04

Disgraceful that nearly 24 hours from Sky reporting a potential 170p bid from Seris, a thoroughly creditable source, Equiniti has still made no RNS announcement. It doesn't have to roll over and a mere holding announcement confirming approach and advising shareholders to take no action would suffice. Philip Yea, the Chairman, has been round the block a few times and should know his responsibilities and requirement to make announcement to stop a false market. "You can't be Seris" springs to mind.

Have been shareholder since IPO. Haven't yet had chance to analyse bid, but with its secure income and steady cash flow, EQN is ideal target for leveraged PE bid and I'm sure Siris (or other PE fund) could afford significantly higher price. Interesting that Chairman Yea was buying shares at 190p 14 months ago.

[clarkeif] 09/2/2021 18:13

Am surprised at the lack of comment from the Board. I guess it sums up their performance.

[pete160] 09/2/2021 16:54

In my view, generally the Americans are better at keeping things quieter. - either because they're better, less old boy network, or just more scared of the regulators and the law if they get caught inside trading.

[vacendak] 09/2/2021 16:44

What I find odd is that the article implies this is not the first or only offer, yet nothing at all has leaked, apart from this one, over many months. Secrecy in this day and age usually does not survive that long.
The 170p bid is still more than 20% below the not-so-great valuation before the plague, so even though the current management is not stellar, I would not mind them refusing the sale at that price.

There is no need to crystalise the losses at 170p before we are out of the woods i.e. strongly post lockdown. Nice to see the so jump though.

[yf23_1] 09/2/2021 16:09

SO, could go hostile (?)

[glavey] 09/2/2021 13:54

Quiet suggests they aren't proposing to open their book.

[vacendak] 09/2/2021 09:10

170p is too cheap.
And I am not saying this because I would still be a few quids in the red. :)

Good news to have sharks circling in the waters though, as this will make the directors sweat a bit and think twice before bumbling things up.

[m_kerr] 09/2/2021 09:10

'i've had a cursory look at this business and it strikes me as a takeover target and i'm not surprised to see it used to be owned by private equity in the past.'

Needless to say I didn't invest!

[pete160] 09/2/2021 09:09

amrishbim - you're right they should but unfortunately I doubt the current BOD couldn't fight their way out of a wet paper bag, let alone negotiate a better price.

The only way this will go higher is if another bidder emerges and if that were the case, I would have thought that they would already have come forward or shown an interest.
Perhaps when the BOD wake up they might issue an RNS to inform us of what is going on with our company ?

[amrishbhim] 09/2/2021 08:42

Should request over 2.50

[amrishbhim] 09/2/2021 08:41

I'm sure there will say no

[davidlloyd] 09/2/2021 08:36

Yf23_1, I meant the news leak, not the take over approach.
DL

[yf23_1] 09/2/2021 08:23

Read the article link.

[davidlloyd] 09/2/2021 08:17

Suggests to me unexpected and unwanted ( by the board) IMO....
DL

[scepticalinvestor] 09/2/2021 08:14

Take over approach

[pete123456] 09/2/2021 08:12

Why the jump in sp

[davidlloyd] 09/2/2021 08:10

Yes- bit surprising to say the least....
DL

[yf23_1] 09/2/2021 08:00

No RNS !!
Ridiculous.

[scallywagkid] 09/2/2021 07:59

Start of a bear hug. Put pressure on Board to engage.

[scepticalinvestor] 09/2/2021 07:39

no comment from the company?

[scepticalinvestor] 08/2/2021 20:47

Was lucky to buy at 103pOnly 5000 odd shares but not complaining

[scallywagkid] 08/2/2021 19:57

Blessed relief!

[simon gordon] 08/2/2021 19:33

Mark Kleinman - 8/2/21:

Equiniti, a provider of corporate services to 70% of the FTSE-100 index, has received a 170p-a-share takeover approach from Siris, a US-based buyout firm, making it the latest listed UK company to attract private equity interest.