Imagination Technologies Share Discussion Threads

[hammerd2] 04/10/2017 21:31

I am amazed Intel aren't interested too.

I'm sure your guy, or you, would not be laughing so hard if someone at IMG or the FCA found out he was telling investors price sensitive information (serious talks with rival bidders) not in the public domain which could affect the shares price. I always thought that was insider trading if any trades have been made since you or him/her came across this info. Not my problem though, I'll be extremely pleased if a rival can complete at a higher bid price in a similar timeframe.

[jacko07] 04/10/2017 19:46

Back a couple of years ago Intel owned a nice piece of IMG. They sold their last piece mainly due to IMG acquiring MIPs as it was seen as a conflict.

My Intel stock has risen substantially in the last couple of months. Seems a pity that Intel aren't in the reckoning for IMG, they sold their stake when IMG were trading North of 250p.

[hammerd2] 04/10/2017 15:30

"Believe me when I say, according to an insider, the Canyon Bridge offer put an acceptable recommended definite value of £550m on the table."

Yes, that is what was accepted by the Board and is what on the table ! Not sure what your point is. Everyone on the planet has seen this without the need for any insiders ;-)

[hammerd2] 04/10/2017 15:19

According to IMG management there aren't still 2 companies bidding to buy IMG. Tallwood are buying MIPS, CB are buying the rest. The other company interested in buying the lot pulled out last week. If you or your (illegally leaking) IMG insider is claiming that there is still another active interested party that is not being made public then you really need to contact the authorities because MIPS is getting sold next week or the week after on the basis that there are no other formally interested parties left in the bidding process. The last person who claimed to be working at IMG was crystal balls and he mysteriously went AWOL soon after I warned him that if he really was an insider then he could very well get sacked/arrested.

Just wanting Apple to do the decent thing is not going to make them do it - they have already behaved like a deplorable bunch of @@@ts so I wouldn't expect them to suddenly ride to the fore 6 weeks before the CB deal is finalised. Would be nice to see them stump up the £2.70 they morally should though and I would dearly love it to happen, but I tend towards the realistic.

As to why the share price isn't already very close to 182p I would guess it's to do with the fairly sizeable daily chunks being offloaded by some of the major holders of stock supplying any shares needed by the buyers in the market. Presumably the sellers are selling as part of a "just in case something goes very, very IMG at the last minute and balls it up yet again" hedge.

[jacko07] 04/10/2017 15:08

I posted what is being mooted by an insider at IMG.

I was told the info was not old news, it is from Monday 2nd October, so don't shoot the messenger to the moron who down ticked thepost.

I have received the letter offer this morning from my broker. There are two companies still talking in depth with IMG, so anything can still happen.

Believe me when I say, according to an insider, the Canyon Bridge offer put an acceptable recommended definite value of £550m on the table. Apple have acted badly against IMG and the ramifications are going to be costly. Apple need to deal, ARM wanted to deal, so wait and see.

My info is correct!!!! Over 700k volume today, doesn't that seem hefty for a deal announced nearly two weeks ago. Those short term who wanted the quick profit, or those long term holders establishing the loss sold in the first days.

I am happy at 182p but would be more happy with 200p, so I am not going to dismiss the info, anything can still happen.

[gtstrider] 04/10/2017 14:36

"If they'd wanted to bid they could have, if they'd wanted to seriously frustrate the bid they could have by just buying another 17%. They didn't."

That's what puzzles me too, but if Apple has a way of influencing company policy and actions, they can wait it out...

It reminds me of OCZ's acquisition by Toshiba... They first bankrupted OCZ, CEO saying doing anything in his power to sell the company, actually doing nothing... then Toshiba bought what they needed for peanuts. I thought this would be impossible for a company like IMG, because another player would certainly step in and bid, but not if Apple has a way of "convincing" them otherwise...
I sometimes wonder if at these kind of situations management is in the pocket of those securimg the final deals...

[hammerd2] 04/10/2017 13:37

You had me up to Apple meddling in the bidding process. If they'd wanted to bid they could have, if they'd wanted to seriously frustrate the bid they could have by just buying another 17%. They didn't. I have already said if the bid gets to £2.00 I'll donate £7,500 to charity. If Apple buy us and it's £2.00 or above I'll add another £2,500 to that. It isn't going to happen and I can't see anyone flying in now to bid at the 11th hour. Everyone who has seen the paperwork and done due diligence has now bowed out apart from Tallwood and CB and there's only 6 weeks (??) til the sale goes through.

If I had been a shareholder on A-Day (whether or not I subsequently held or sold) I would be getting a bunch of other likeminded people together and contacting a no win no fee outfit to see about some compo. But I wasn't so I won't.

[gtstrider] 04/10/2017 13:05

This whole debacle with Apple screams class action lawsuit from miles!!!... Strong arm royalty tactics, patent infringement, executive and crucial employee poaching and I have a hunch of meddling with the biding proccess, so as not to fall in hands that would sue Apple for all these and many more, undsclosed yet, antics...

[stunger] 03/10/2017 20:38

jacko07 - I would not be surprised if Apple made a bid, as it would be chicken feed for them to buy IMG and then there is no argument over IP, it seems silly not to, but I can see that they may want to leave a bid until the last moment, so perhaps you are right but so far I haven't seen any tangible signs that anything is 'cooking'. Nice if it was tho.

[jacko07] 03/10/2017 16:47

Watch these rise this week...I wager that there is something cooking, smells like Apple crumble!!!!! in with £700m or 225p a share.

[freddie ferret] 03/10/2017 16:14

Because he is a sadomasochist looking for a job?

[hammerd2] 03/10/2017 15:31

Ironhorse - why don't you talk about IMG or F off back to the 19th century ?

[toffeeman] 03/10/2017 12:08

Ironhorse I sincerely hope and expect that your petition fails to garner sufficient support and even if it does, then our elected representatives will consign it to the dustbin of history.

Two wrongs do not make a right.

[orkney] 03/10/2017 12:03

Re the other 'multiple bids' from the other interested parties. Perhaps there were higher than £1.82 bids, but img went with CB due to the offer of the potential 50 % special dividend settlement from Apple? Could be that a settlement with Apple is close?

[freddie ferret] 02/10/2017 16:51

hammered2.
It is possible using options to make money holding similar long and short positions at the same time.
Basically what you are betting on is a LARGE move either one way or the other. You loose if the share price stays around the same.

[jacko07] 02/10/2017 13:45

hammerd..maybe they have to lay out money to cover the difference, so they hold till the margin is called. That would be if and when the deal is cleared to go.

[hammerd2] 02/10/2017 13:15

Why on earth are Societe Generale still here ? Their long position is exactly the same as their short position so why on earth not just close both and save the admin ? They aren't going to make any money at all no matter if the share price goes up or down.

[hammerd2] 02/10/2017 13:02

jacko07 - not any of the ones that were known about as part of the bidding process. "All" the others dropped out apart from one at the time the CB bid was announced, and that one has since dropped out.

Anyone else will need to get a move on as MIPS is going out the door in the next 2 weeks or so. Unfortunately I can't see another bid coming (for MIPS certain ly) but even if it did (for MIPS) then shareholders will get precisely £0.00 as there is no clause in the sale to CB agreement to increase the price of the bid should MIPS be sold for more than $65m.

Still, £1.82 is not a bad price when viewed from the perspective of 1 April this year. Let's just get it gone without any further "excitement".

[jacko07] 02/10/2017 12:28

Maybe there is one of those 'multiple' bidders ready to usurp Canyon Bridge's offer.

Considering the lowly price, it is hard to believe these multiple bidders have walked away. Is there another bidder without Chinese influence prepared to buy IMG with MIPS for what seems cheap.