Kin And Carta Share Discussion Threads

[irenekent] 25/4/2024 09:38

All gone tomorrow -26/4/24

[irenekent] 25/3/2024 07:56

What is happening with the takeover? No sign of a higher bid & no news.

[prokartace] 09/2/2024 15:36

Cheapskates

[slim9] 08/2/2024 19:01

Interesting Stuff

hxxps://www.kinandcarta.com/en-us/news/2024/01/kin-and-carta-ranked-sixth-fastest-growing-technology-company/

Await New Bid...

[davemac3] 05/1/2024 15:45

the share price action suggests a higher bid is coming

[ahhh luke warm] 28/12/2023 08:17

Aaha, thanks for clearing that up, makes more sense than my foggy brain did of it.Cheers Pojm :-)

[pojmasta] 27/12/2023 15:12

@ALW

No, separate entities. Apax original bidders, set up Kelvin bidco for bidding purposes. BC Partners own Valtech, and are the new bidders. They have created Ken bidco as their potential bidding/purchase vehicle.

It’s two Private equity firms (Apax vs BC) up against each other ultimately.

[ahhh luke warm] 27/12/2023 09:37

Slim, briefly scanning the huge amount of RNS's:Apax / BC Partners / Ken Bidco / Valtech are all the same outfit in some complex layer cake of company arrangement unless I am wrong?They have offered 110p / 120p now 130p and removed the final offer limit.So who is the competitor bidder? Is there one?Cheers - ALW

[slim9] 27/12/2023 09:19

Apax is considering its options and a further announcement will be made when appropriate. Kin and Carta Shareholders are strongly advised to take no action in response to the announcement by Valtech in the meantime.

From RNS today - looks like apax will have another crack

[scorpione] 20/12/2023 16:50

Agreed irenekent!

[irenekent] 20/12/2023 16:40

These should be over 200p.

[davemac3] 20/12/2023 15:16

The fact that the share price is above the latest offer of 130p suggests a higher bid may be coming

[prokartace] 19/12/2023 16:28

5p more to breakeven lol

[davemac3] 19/12/2023 16:09

bidding war!

[prokartace] 13/12/2023 14:14

Looks like the bidder is in the market buying shares

[davemac3] 07/12/2023 09:49

Or did they start counting the votes? They have suggested they may increase again if another offer comes in

[prokartace] 07/12/2023 09:35

I need 135p just to break even!

[diku] 07/12/2023 08:27

Has the bidder played a mischief with BOD...or BOD got sweetener...

[irenekent] 07/12/2023 07:44

Bidder now offering 120p per share. Still too little imo.

[diku] 04/12/2023 09:07

Is it off?...

[prokartace] 30/11/2023 16:22

Just bought at 102.75, is this bid really going to happen?

[mortal1ty] 16/11/2023 13:27

Nah its the opportunity cost. The closer we get to the deal going through the closer it will get to 110.

Suppose it is 6 months to wait. That is a 8% return annualized. Its pretty good... but you can get a 10% dividend somewhere else, or 5% in a bond etc.

[prokartace] 08/11/2023 11:15

Unless the market expects the shareholders to vote against the bid

[isis] 08/11/2023 09:17

That is odd if they were rock solid sure price would be nearer 110p but might just be malaise in the markets.