Kcom Share Discussion Threads

[grahamburn] 12/7/2019 09:42

Stand corrected. Thank you.

So, effectively there is still a mismatch between bids and market price which is unlikely to be resolved, unless that knock out bid emerges early on.

[realcooltrader] 12/7/2019 08:10

nigthepig, agreed. The Takeover Code, Appendix 8, talks about either party making A bid on any or each of the Auction Days. Pity, a good old Rugby League scrum would have been great.

[nigthepig] 11/7/2019 21:32

grahamburn - I'm not sure you can make incremental bids on any day in the bidding process. My understanding is that both companies can only make 1 offer tomorrow.

[grahamburn] 11/7/2019 20:19

Currently there is a strange disconnect between the market price and the auction process.

Maybe the market is being optimistic and some will get their fingers burned. On the other hand, if the market is "in the know" (and the current price may well be nearer to a genuine valuation), then there will either be a flurry of incremental bids tomorrow during the day or a knock out bid early on.

[leadersoffice] 11/7/2019 19:03

Latest bid practically matched

[robin_lemer] 11/7/2019 08:41

3 million shares bought at £1.16 this morning, therefore minimum bid £1.16

[iamnotanumber6] 09/7/2019 22:31

Counterbid after hours, are we going to get 1p increases every day, what's wrong with a nice knockout 150p? :-)

[leadersoffice] 09/7/2019 13:31

Judging by the share price... market expecting a MEIF 6 Ltd to put the pressure on Humber. It hasn't gone down to below £1.10. Fingers crossed.

[leadersoffice] 08/7/2019 19:35

Humber have found some loose coins down the back of the sofa.... I'm not convinced Humber will win this battle. First instance they tried there chance with a low ball offer, MEIF 6 come up with a sensible bid now a pathetic attempt by. Humber, a 1p a share increase, tell them to get real. MEIF hopefully will come back with close to where the share price is in order to clinch the deal. Game over and in the bag... the final dividend. Well done all long term holders

[tonysss13] 08/7/2019 18:36

dealit
doesn't happen often, most high profile example in recent years being SKY

I was rather hoping for more than a 0.5p bump though :)

[dealit] 04/7/2019 15:23

All very complicated, I have never witnessed this before.

[cityconindex] 04/7/2019 13:20

126 should secure it.

[orchestralis] 04/7/2019 10:48

Interesting

[leadersoffice] 26/6/2019 12:54

I do like a bidding war lol

[miti 1000] 26/6/2019 12:17

Counter bid more likely after today's news hopefully.

[leadersoffice] 22/6/2019 10:09

Dave

Once the court & general meetings take place, shares will be suspended one or two days after (subject to change) then 14 days after cancellation of listing, CREST accounts, dispatch of cheques dispatched.
So expect KCOM funds towards end of July.

What I don't know is if we are getting a final divi... we usually get around 4th August ish.
I hope that is the case. Interestingly... on the companies website, it just says announcements T.B.C.
Could be there trying to get it through before they have to report the results in July and pay a further divi.
We really should get it, its based on past year performance.

[skinny] 22/6/2019 09:47

.


" The Acquisition will be conditional upon the Scheme becoming unconditional and Effective, subject to the Takeover Code, by no later than 11.59 pm on 31 October 2019, or such later date (if any) as MEIF 6 Fibre and KCOM may, with the consent of the Panel, agree and (if required) the Court may approve."

[davefromdevon] 22/6/2019 09:42

I use H-L as my broker and never get sny circulars. This suits me because I am happy to download the things I want from the various RNS pdfs. At the moment the news is all clogged up with the corporate junk of Forms 8.3 disclosures and the interesting stuff is not easy to spot.

Anyway thanks for your reply.

[leadersoffice] 22/6/2019 01:19

The dates have changed due to a seconder bidder. The date is now in July sometime. Did you get a circular ?

[davefromdevon] 20/6/2019 08:27

Does anybody know the current timetable for settlment of the bid? The last date I had was June 11th but I have been away for some time and have failed to keep up !

[svetz] 03/6/2019 18:41

Thanks Skinny ;-))