Harvey Nash Grp Share Discussion Threads

[mongrels3] 13/11/2018 08:50

I spoke to Barclays yesterday. They are saying they are yet to receive the funds.

[shauney2] 12/11/2018 15:36

Nothing from Barclays.

[cwa1] 12/11/2018 15:15

Yup, mine in too.

[jon123] 12/11/2018 14:43

money paid into my account this morning

[heapos] 02/11/2018 11:10

would these timelines mean that the cash for the shares, will not show in a sipp until the 12th November? But at the same time, you don't hold the shares anymore..

[poikka] 02/11/2018 09:19

Ok, the last I read was that payment would be made within 14 days of Effective Date of 15th October. Thanks.

[jon123] 02/11/2018 08:42

i make that monday the 12 november not sure if its 14 working days or just 14 days

[cwa1] 02/11/2018 07:54

Settlement of consideration will be made within 14 days of 29 October (being the first closing date of the Code Offer), in accordance with Rule 31.8 of the Code, to those Harvey Nash Shareholders whose valid acceptances have been received by 1.00 p.m. (London time) on 29 October 2018 in the manner described in the Offer Document. Settlement of consideration in respect of valid acceptances received after 1.00 p.m. (London time) on 29 October 2018 will be made within 14 days after receipt of each such acceptance.

[poikka] 02/11/2018 07:44

Have I missed something, weren't we supposed to be credited with the proceeds of the buy out by now?

[jon123] 31/10/2018 08:09

why would anyone in there right mind buy at 134p when there only worth 130p

[mongrels3] 26/9/2018 16:44

Does anyone on here subscribe to Investors Chronicle?

There is a feature on HVN today I believe.

[edmundshaw] 25/9/2018 07:11

H1 results. Yes, we are being robbed... :-(

[thorpematt] 30/8/2018 13:21

Well, they already have created that value. I guess that's why the price is above the bid price - because it obviously is worth more than the 130p.

[mongrels3] 30/8/2018 11:28

Very good results. However, unless an offer comes in from a trade buyer, DBAY are going to pick this up for a bargain. They obviously think they can create value beyond 130p.

[dangersimpson2] 29/8/2018 11:44

The most likely outcome is that DBAY take them for 130p but the option value is small. You can sell in the market now for 130.5p or get 130p + 1.75p dividend by holding. So the only real cost of holding is the opportunity cost of having a better short term investment idea that has a higher chance of delivering a return than a competing offer.

[jon123] 29/8/2018 10:13

all if's and but's the only sure thing we know is 130p is the offer at the minute

[dangersimpson2] 29/8/2018 10:07

I doubt DBAY will come back with an improved offer. However that doesn't mean that an industry player won't make an offer. DBAY are investors so they are not desperate to get into the recruitment industry, all they care about is generating the highest risk adjusted return so if someone makes a higher offer they are highly likely to take it. Doesn't mean it will happen though - maybe the larger recruiters don't see significantly higher value in HVN than the DBAY offer. There is an argument to be made though that the larger recruiters could offer shares on a P/E of 20 to buy earnings on a 10 times multiple and if they could remove central costs and get HVN's net margins from their current 1% to 4% then they would be getting it for 2-3x future earnings.

[jon123] 29/8/2018 06:50

we have no idea whats going on behind the scene's but i can't see an improved offer coming our way

[sophia1982] 29/8/2018 06:45

What is going on here?
I would expect Miton & C to fight for an improved offer.
Otherwise why have Herald increased their stake?

[dangersimpson2] 10/8/2018 10:54

There's a few trades on NEX. You can sell in reasonable size around the offer price (incl. dividend) if you want but I guess most people who wanted the short-term liquidity to sell did so on the day of the offer. Not a buyer willing to chase the price though so just a case of waiting to see if DBAY get it for 130p or a trade buyer thinks it's worth more.

[dekle] 10/8/2018 10:15

It looks like the buying has stopped. No trades this morning reported so far. Does this mean the trusts have sufficient to prevent the takeover? Or are they aware of a counter offer? Or will they be pushing for an increased offer to support it from the existing suitor?

[dangersimpson2] 10/8/2018 09:53

Herald Investment Management seem to have picked up between 2.35% & 5.34% on 8th August which is after the takeover announcement & probably at a premium to the takeover price.

[dekle] 09/8/2018 13:12

I presume the company are in the market buying their own shares to satisfy the granted options. Is that correct?

[davebowler] 09/8/2018 09:49

It makes Empresaria look cheap.