I don't know what is going on with this one. FIL seems to have a sizeable holding. |
Further more, it is worth bearing in mind that even if you don't accept the bid, and yet it is successful, I think you will have an extra 14 days to accept, so you won't be left high and dry in the case of Staunton hitting 75%.
Offer Document, Appendix 1, Part B, 1,D:
If the Offer becomes unconditional, it will remain open for acceptance for not less than 14 calendar days from the date on which it would otherwise have expired. If the Offer has become unconditional and it is stated that the Offer will remain open until further notice, then not less than 14 calendar days’ notice in writing will be given before the closing of the Offer by or on behalf of Staunton to those FIH Shareholders who have not accepted the Offer before closing the Offer. |
If you add the declared RNS' (excluding Staunton/Blackfish) it hits ~40%. I think it is acceptable to assess that these players will not, or are very unlikely to, accept 300p, especially given the recent buying activity. However, that is definitely not guaranteed, as everyone will have their own priorities (possibly some short term traders sniffing around the edges of a deal).
In addition, other like-minded shareholders (of less that 1% each) have also been speaking about acceptable valuation levels, but not to the extent of identifying anything like a common position.
In short hold on - anything is possible over the next 10 days! |
Latest holder Bonafide Fish Fund - involved in investing in sustainable fisheries. One of the management team? Martin Jansen.... |
Its clear that £3.00 is unlikely to succeed if people are buying at £3.15 and expecting to make a profit. Hold on to you shares. |
Something is happening and we're off to the Stanley races.
hxxp://en.mercopress.com/2007/09/26/fig-secures-future-of-the-historic-stanley-racecourse |
Is see the Carver family now have 7%, although Smith and Williamson's RNS is confusing. I suspect there are a number of wealthy families who have an emotional attachment to FIH and don't want to see it fall into the private ownership of the Rowland empire. |
Some big trades going through last night above the market price, one was for 1.4m. Is another bid coming? |
Argos bought their extra stake from Fidelity. |
The Zucker Trust has been on the register a long time, so I don't think anything new. Good to see Argos stakebuilding. |
Last night's after hours notices are interesting. Argos fund now has 9%, Janser has 4% and another fund Martial Six reports 3%. All seem to be buying above the market price, either trying to block a takeover, or force a higher price. Fidelity has nearly 9%. |
Yes, I would imagine that they have spoken to some private shareholders about a blocking minority (25%) |
Argos Argonaut steadily accumulating. Now 9% +. |
The director being Edmund Rowland.... |
It looks like Argus fund has increased its holding, as has a director. |
I think it means a bid of 300p is unlikely to succeed, hence do not sell.
Also, the volume of shares changing hands around 300p is very small, another reason not to sell.
No idea who Martin Janser is. |
Who is Martin Janser ? He seems to be buying above the market price.
Is this him?
hxxp://www.bonafide-ltd.com/wer-wir-sind/
Experience in portfolio management and real estate. Does this indicate a possible counter bid? |
Agreed weatherman. Watch this space. |
I see Staunton are buying, raising the overall control of stock. The other big shareholders could match their stake, but they will have to act together. The management doesn't seem to have prior commitments from the other shareholders to accept the deal, which suggests a low bid will be rejected. |
Yes, they can't possibly be considering accepting having done that.
I'm holding tight |
Keep faith with fidelity. Argos argonaut have also just increased their stake. |
With 22.7% of the equity it seems very unlikely that there will be a counter bid so hopefully enough investors will not accept and force them to increase their offer. Wonder what Fidelity will decide? |
i know a guy working on the back up generators (bank of six i think from memory and these are not the ones you buy from B&Q !!) plans so the power station supply is being totally revamped. so lots of people going to going and living in the falklands. ports will be busy, accommodation and stores. not sure how big total project is but will try and find see whether a figure has been banded about. I know design phase was decent money. |
i know there is lots going on in the falkland islands at the mo
new power projects etc
will try to find out more details if anyone interested
i am not a share holder and didn't realise this group still existed
That would be very helpful NTV ( and very kind!) |
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