Kin And Carta Share Discussion Threads

[prokartace] 08/11/2023 09:14

So if I buy at 104.5p and the deal settles in 6 months that's 11% annualised profit. Do they think the deal will fall through?

[prokartace] 06/11/2023 14:01

The slow fall-back from the bid price shows that the market doesn't expect another bid

[diku] 25/10/2023 07:58

Just wondering if the BOD given a sweetner to recommend the deal...mentions experienced management team???...






Background to and reasons for the Acquisition

-- Apax views Kin and Carta as a high-quality business with a strong platform in the Digital Transformation ("DX") sector, particularly in view of its impressive roster of blue-chip enterprise customers, recognised brand and capabilities in key areas of the sector. The Company is led by an experienced management team, with a clear vision and strategy for the future direction of the business.

-- However, the changing economic backdrop has highlighted the importance of scale and diversification in the DX sector. Apax believes that as a private company Kin and Carta will be better placed to make the investments necessary to position the business for long-term success.

-- Apax believes it is well positioned to support Kin and Carta's next phase of growth given its significant experience and track record within this sector. Apax intends to provide operational expertise, and the Apax Funds intend to provide capital, to support the business in order to accelerate growth both organically and inorganically to continue building scale in key areas. A partnership with Apax and the Apax Funds away from the public markets is expected to improve the potential for value creation compared to the status quo as a listed business and better position the Company to create long-term value for the benefit of customers, employees and other stakeholders.

[mortal1ty] 24/10/2023 16:40

Not sure. Looking at other bids like ScS and RTN i think we have a right to be aggrieved.

Interestingly only about 16m shares have changed hands since the bid. This means shareholders are holding on... not selling out to the arb funds which will all vote yes.

So if a few shareholders come out and say no... there is a good chance they can force a higher price (or at least stop the bid).

[diku] 22/10/2023 19:08

Anybody know if BOD are staying on...only the wider shareholders kicked out...can never tell with all the privy talks...

[diku] 21/10/2023 18:05

I think the talks/news has probably been circulating by those in the know behind the scenes since the first rise from 60p to 95p in August...

[isis] 21/10/2023 10:18

This is on my watch list, the bid is too low imo. At least one investor says they will not sell with 6.5% the management are not holding shareholders best interests here.
Happened to me twice with very large holdings in two Companies got taken out in lackluster markets, Gladstone and Communisis - although I did alright I felt very cheated.
There's always the possibility if it becomes hostile they will walk away but they know they are getting a good deal at that price. Board are shameful though.

Conversely you can't blame predators taking advantage when our market prices are so low and it does free up money to buy other cheap shares.

[ny boy] 21/10/2023 10:05

In this market you are lucky to get a bidder!

[prokartace] 19/10/2023 12:52

I will vote no but you know what the bloody institutions are like

[randerson19] 18/10/2023 14:41

May I remind people you can always VOTE NO to the offer.

[davemac3] 18/10/2023 09:51

When you think you have found value in a company, others come and steal it.

[haroldthegreat] 18/10/2023 09:49

Don't accept the offer! Under values the company !

[mortal1ty] 18/10/2023 08:46

Management must have been fretting when the price nearly got back to £1. Not sure how they could have justified at £1.10 offer then!

[mortal1ty] 18/10/2023 08:46

It is a 20% profit for me, which isn't so bad in this market.

Nevertheless... private equity should be at least paying the highest price of the year ffs. That is c. £1.8 - £2.

The business is now in play. The board have accepted and offer. They must entertain others. Competing PE firms will now be running their fingers over the numbers. Here is hoping for a bigger premium at £1.50 ish.

[irenekent] 18/10/2023 08:33

Outrageous!

[prokartace] 18/10/2023 08:28

only a 35% loss then!

[davemac3] 18/10/2023 08:24

Odd how they wait for the share price to be in the doldrums for 6 months before putting in a bid

[tsmith2] 18/10/2023 08:19

Hope some shorts got burnt

[mortal1ty] 18/10/2023 07:20

Lol. Kin and Carta board basically saying Apax are going to reap huge benefits from this. Whilst we get take out at a price at a steal.

We believe the offer to acquire Kin and Carta by Apax Funds represents an excellent opportunity for the Company to accelerate ambitious growth plans and scale the business, building on the acquisition and integration of leading data and technology companies, the development of valuable technology partnerships, and the creation of a strong portfolio of enterprise clients.

[mortal1ty] 18/10/2023 07:16

Pretty disappointed with this offer.

Given its data science and AI angle, and how its financials are depressed by the cycle.

In 3 years time when the economy is recovering and private equity has made some bolt ons they will be able to sell it for 3x what they paid for it.

In holding out for a competitive bid.

As an aside... I can see lots of UK stocks being bid for. All so cheap.

[bigbigdave] 18/10/2023 07:07

Offer 110p

[mbdx7em21] 21/8/2023 11:41

Blackrock have bought 5%? Only BR can do so with the share price barely moving.