International Distributi... Share Discussion Threads

[isis] 18/4/2024 11:29

This is what happens when you have a Free market with undervalued assets. Can you blame Kretensky? He is just taking advantage of the markets.
BT is in a similar and very vulnerable position, whereby two foreign investors own nearly 40%

[isis] 18/4/2024 11:16

'The Board, together with its advisers, carefully considered the Possible Offer and concluded it significantly undervalues IDS and its future prospects. Accordingly, the Board unanimously rejected the proposal on 11 April 2024.'

'significantly'

[isis] 18/4/2024 11:10

If it's floated and there is no Golden share then it's game, not much Government can do about it.
IDS needs to make a good defense on how much and their advisors think they are worth.

It's a potshot to see what investors think,if they make a formal bid it probably won't be over 400p - maybe 350p - 370p or so.

[careful] 18/4/2024 10:56

complex trading going on according to rns.
hard to understand.

They are always up to something.

Bidder has a vested interest in the share price falling if he is serious about taking the company out with a slightly higher bid.

...What a tangled web we weave......

[justiceforthemany] 18/4/2024 10:50

hxxps://www.thetimes.co.uk/article/czech-billionaire-daniel-kretinsky-considers-bid-for-royal-mail-8hkxdfhh0

Labour would not object to a takeover.

[samdb] 18/4/2024 10:45

Price action in the last hour suggests someone is still buying.

[window kleaner] 18/4/2024 10:44

Looks like 320p is not coming unless a new bidder comes in.

[1224saj] 17/4/2024 21:15

So very true. Imagine BT moving 50% on and offer price this morning, very corrupt market, always has been. The only luck we need as PI's is to be on the corrupt bull when she leaves the stable

[careful] 17/4/2024 21:01

Amazing how the usual suspects such as Goldman the other dealmakers managed to massage the share price down recently to make 320p look like a reasonable offer.

So many knew about this offer and yet the share price was about 210p this morning.

What rigged market, all we can do is to buy value and ignore these false fiddled share prices.
The whole of the UK market is similar, many shares trading at half price.

[casholaa] 17/4/2024 20:10

At 27.5% he can block anything that requires a 75% majority on any vote.

[1224saj] 17/4/2024 17:14

I can't see the RNS on the ADVFN notice board, could you post it please

[tuftymatt] 17/4/2024 17:08

Right it's starting to make a bit more sense now.

320 getting rejected is correct but where do we go from here? I don't think DK would want to pay more than 360 but that's just my opinion. Would that be acceptable, I doubt it.

As I said earlier I hold DLG and look what happened there on bid news that went away. To be honest I hope this does turn into something but won't be adding.

Good luck all 👍🏻

[moorsie2] 17/4/2024 16:51

320 is opportunistic but more an opening salvo to put this company in play..

[window kleaner] 17/4/2024 16:45

Kretinsky owns 27% shares

[casholaa] 17/4/2024 16:40

The rns was at 4.29pm, hence the share price shot up.

[1224saj] 17/4/2024 16:32

Probably nearer to 3.48 which would be a 20% premium to the 12 month high

[casholaa] 17/4/2024 16:31

The Board of IDS (the "Board") confirms that on 9 April 2024 it received a preliminary and conditional non-binding proposal from EP Group regarding a possible cash offer for the entire issued and to be issued share capital of IDS not already owned by EP Group and its affiliates, namely VESA Equity Investment S.à r.l ("VESA Equity") at 320 pence per share (the "Possible Offer"). VESA Equity is an approximately 27.5% shareholder in IDS.

[1224saj] 17/4/2024 16:31

I would say their bud was around 2.45, 15% up on the close last night. I think they would have to be north of 3,00

[casholaa] 17/4/2024 16:27

If the CWU were serious, there is nothing stopping them from making a rival offer.

[casholaa] 17/4/2024 16:25

I'd have thought that we'd get an rns too. They could at least let us know which side of £4 or £10 or £20 the offer were at. They should know that we fully concluded £4+ on this board last year before implementation of the efficiencies.

[burziancz] 17/4/2024 16:24

....

CWU RESPONSE TO BREAKING NEWS OF POTENTIAL ROYAL MAIL TAKEOVER
The breaking news of an impending takeover bid for Royal Mail Group (IDS) by Daniel Kretinsky is another significant moment.
The truth is handing over the ownership of one of the UK’s most prestigious institutions to a foreign equity investor cannot be right. But neither is the current model or direction of the company.
The truth is Royal Mail needs a new ownership and governance model that builds a postal service for the workers and customers and not one built solely focused on shareholder payouts and driving down the service and the terms and conditions of the workers.
The CWU will be campaigning publicly and politically to deliver this change of direction.
Dave Ward
General Secretary

[crystball1] 17/4/2024 15:45

Why hasn't there been a RNS?