International Distributi... Share Discussion Threads

[sr2day] 15/5/2024 12:52

I would expect next offer today between 350p and 390p.

[isis] 15/5/2024 12:31

Meanwhile the CWU are still acting like they own it!

[moorsie2] 15/5/2024 08:36

Same as DS Smith over the last few months.

If it is going to the wire then that is usually a good sign..

If no prospect of an offer and or agreed deal then often companies give up earlier that the last day

[gargoyle2] 15/5/2024 08:12

It doesn't have to be the final offer by 5pm, just a firm intention to make an offer.

[slopsjon2] 15/5/2024 08:06

"In accordance with Rule 2.6(a) of the Code, EP Group is required, by not later than 5.00 p.m. (London time) on 15 May 2024 (being 28 days after today's date), to either announce a firm intention to make an offer for IDS in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers (the "Panel") in accordance with Rule 2.6(c) of the Code."

[yasx] 14/5/2024 18:17

The Board can talk about the undervaluing of the Co. with the bid being pitched at 320p, but the fact is that at no stage over the past couple of years has the Board even managed to get the Co. to a valuation anywhere close to that offered by the bidder. What larger shareholders need to consider is how can the Board manage the Co. to bridge that gulf. It is hard to see how they can actually achieve that.

[moorsie2] 14/5/2024 17:58

End of business tomorrow

[1224saj] 14/5/2024 17:58

I thought it was today?

[jason29] 14/5/2024 17:16

Tomorrow the deadline for a Bid isn't it?

[isis] 14/5/2024 16:16

It may seem pointless to launch a bid at this juncture that will get rejected and the inherent costs. Even if they board approved the Government might not be happy to see it fall into Foreign hands.
Although diminishing the Post is still an integral UK function.

[encarter] 14/5/2024 16:00

How does he mop up 15-20 percent more shares?

[moorsie2] 14/5/2024 13:23

Converesley I do not see a downside for Kretinsky to launch a public offer at 400p and mop up 15 to 20% more shares and take a key board seat at 45% or so shareholding going forward

The biggest risk is him walking away and putting 27% of shares in the open market

[isis] 14/5/2024 12:55

I don't think the Czech is getting alot of support for this bid so it's likely to lapse. The Board, The Union and alot of shareholders don't want it especially at the prices being bandied around.
If RM can turnaround then the shares are worth North of a Fiver where it's been before.
Sunak is holding up the transformation of RM, the sooner he goes the better, Dictating Blair fanatic!

[moorsie2] 14/5/2024 12:38

:))

Thank you for being the hall monitor NMRN

[not my real name] 14/5/2024 12:33

Moorsie2

"Without a formal offer I can see this dropping back to 220"
------------------------------------------------------------

I think everyone on this board has been thinking the same since the announcement of the bid was made but thanks for stating the obvious.

NMRN

[moorsie2] 14/5/2024 12:27

Time to sh1t or get off the pot.

Offer window closes at end of trading tomorrow so into the last 12 hours of trading before the deadline.

Without a formal offer I can see this dropping back to 220

[yasx] 10/5/2024 15:55

Andy Carter MP:

The Leader of the House will no doubt be aware of the ongoing speculation that Royal Mail and its parent company International Distributions Services are subject to a takeover by EP Group. I know she will agree that the Royal Mail plays an important economic, social and cultural role in this country. As well as delivering a universal service obligation to all parts of the UK, Royal Mail is an iconic British brand. It carries His Majesty’s insignia and plays a vital role in all UK elections.

I know how much my constituents value regular and timely postal services. May we have a debate in Government time on what legal safeguards are available to ensure that the important functions of Royal Mail are delivered for all our constituents, and that they continue beyond the obligations in the National Security and Investment Act 2021 in the event that the company is taken over and headquartered outside the UK?

[isis] 09/5/2024 17:01

Royal Mail’s GLS Eyes Global Expansion and Innovation

Royal Mail’s Global Parcel Business, GLS, is touted as a robust player in international parcel delivery with a strong European and growing North American presence, delivering around 900 million parcels annually. Leveraging technological innovations and an asset-light business model, GLS has maintained strong financial performance and resilience through market cycles. The company is set to enhance its service offerings and expand globally, with a particular focus on sustainability and out-of-home delivery networks.

[encarter] 09/5/2024 10:12

RMPP produce a valuation every 3 years, the last one being March 2021, so another in the pipeline. Looking at the last one briefly it shows a 700m quid surplus.

[encarter] 09/5/2024 09:57

If my memory serves me correctly, RMPP belongs to RM and is cash paid in since 2012. RMSPS belongs to the government and is cash paid in before 2012.

[isis] 08/5/2024 21:13

Well they must have access to it or the Bouncing Czech Sphinx wouldn't have mentioned it.

As of March 2019, the Royal Mail DB pension schemes had a surplus of £59 million. In November 2019, the pre-withholding tax accounting surplus of the Royal Mail Pension Plan (RMPP) increased to £4.29 billion in the six months before September 29. However, the value of liabilities has increased by almost £2.7 billion, which has caused the surplus to fall by £113 million. Royal Mail expects that the surplus will continue to decrease after the full valuation is completed.

[not my real name] 08/5/2024 21:05

isis,

I seem to recall that the Government took on ALL the responsibilities for the pension years ago. I would imagine any surplus would belong to them and not RM.

Also, where did these figures, of between £1.5bn and £2.5bn in surplus, come from?

I have never seen them in any official documents or accounts.

NMRN