ed, what is tracker selling?
Probably being naïve, but I'm confused by the continuous selling without regard for price obtained. You'd think a seller would want to get the most they can, not the least!
Interesting to look online with regard to the breadth of past Visa takeovers |
Would laugh if tracker selling finishes just as featurespsce confirms its sake to visa |
it appears chrysallis held featurespace at higher valuation to ipo. |
Microbiotica’s Microbiome Medicines in Melanoma and Ulcerative Colitis Gain Regulatory Approvals in EU and UK for Phase 1b Studies
IPO has 17.7% holding |
you'd hope visa is a more credible suitor than hambro perks. |
The last time a deal [Istesso] was mooted on SKY it was Hambro Perks, we didn't get many details, and the speculation ended in the blink of an eye.
At least this time, the constituent involved is a seemingly viable business. |
Probably a buy on Tuesday if that deal cements |
Ref previous post: IPO certainly needs something to kick it towards something approaching respectable performance and I've given up expecting anything from the directors of this company. Deus ex machina would do nicely, thank you to help it on the way.
We are now below where we were during darkest days of lockdown. What a rotten pile of doggie-doo. Good luck to anybody who dived in recently and LTHs too.
I wonder if the board ever feel a touch of shame - or regret - when (or indeed if) they look at the share price performance? Bamboo2 says they are v. nice people but being nice isn't really a prerequisite to being a good leader or director. Hopeless. |
hxxps://news.sky.com/story/lynch-backed-featurespace-in-talks-about-visa-takeover-13202036
This is, potentially, very very positive for IP.
IP owns 20.1% of Featurespace and was carrying it at £73m as at 31 Dec 23 or 7.0p per share. This gives an implied valuation of £363m. A takeover at c£700m would therefore represent c£140m in cash or c14.0p per share, all assuming no preferential share rights for IP or any other shareholders. This equates to roughly 14% of NAV or 33% of the current share price. |
I read in Proactive that IPO probably about to be relegated from the FTSE 250. |
scooby, read this... |
Cancel should have read the news first |
Big purchases at 16.35 hours yesterday and today. |
From this you clearly don't know what a ponzi scheme is |
ONT share price rising in response to Mpox |
Because the value of the company shrinks, making future fundraising far more damaging to existing investments. Remember, the company is essentially a ponzi scheme until such rare moments that it is able to sell its stake in one of its many pie in the sky investments. |
Why don't they just cancel them? |
how is NAV calculated? Simply: assets - liabilities = equity. What is kept on the equity side thanks to companies act 06? Treasury shares. Often, its split into 2 components on the equity statement depending on the trust (i.e., share repurchase reserve or share premium acct). Most commonly, companies that repurchase their shares at a discount to NAV likely intend to sell them later if they anticipate a price increase (also too boost liquidity). If the shares are sold at a higher price than the repurchase cost, the profit is recorded in the share premium account (which also includes net proceeds from new shares). Shares bought at cost will remain in the share repurchase reserve account. You also have the capital redemption acct too (diff to capital reserve) which is often the account that represents the shares repurchased for cancellation. Trusts will have their AGMs to vote on what to do etc. |
hi paliz, Thanks to you and others for the replies.
I probably need to do some research on this! Anyone any pointers or links. |
No, treasury shares are nothing, until re-issued have no value, no vote, no purpose.
It's purely paperwork to cancel. |
So shares held in treasury are marked to market? [ie current share price] |
Ofc its included in the nav if theyre in treasury.. hence most trusts have it in treasury to ensure shareholders benefit when the stock rises (esp if theres a discount to nav). |
But should, most definitely, be included for EPS and NAV as they still exist and can be re-issued (BOD freebies etc). |
Treasury stock has no voting rights, does not collect dividends and is not included when calculating eps or NAV. So Yes, there is reverse dilution. |
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