M&c Saatchi Share Discussion Threads

[x54v] 02/2/2022 09:41

RNS on 18th Jan has them at 8.27%



Today's RNS has them down to 3.35%. It mentions that the date they crossed the threshold down to 3.35% was 25th Jan.

[kipper7] 02/2/2022 09:28

@174.5. See my previous post

[kipper7] 02/2/2022 09:27

Paradise was a buyer on Jan 28th?

[x54v] 02/2/2022 09:25

Interestingly if it was ADVT which bought the 3,318,223 shares, the combined holding between it and Vin Murria would be very close to a quarter of the company (24.96%).

VM - 15,200,000
ADVT - 12,000,000
ADVT new? - 3,318,223

Total = 30,518,223 or 24.96% of the 122,257,000 shares in issue.

[x54v] 02/2/2022 09:15

By today's RNS, it looks like Paradice was the one who offloaded the 3,318,223 shares on the 25th Jan.

Interesting to see who picked them up. ADVT? Another stakebuilder?

[gargoyle2] 01/2/2022 15:02

A larger proportion of cash, rather than ADVT shares, wouldn'y go amiss either. Can't say I'm too keen on a share deal at all.

[kipper7] 01/2/2022 14:38

X54vI agree with your analysis exactly

[x54v] 01/2/2022 13:16

A third offer in the short term got to be a good possibility.

First offer was equivalent to 182p, second equivalent to 220p, a third could well be for 250p or thereabouts which would be a solid premium to the current share price.

VM has quite an exposure here. 15.2 million shares personally and 12 million shares with ADVT. So nearly £50 million worth at the current price.

She has also been looking for an acquisition with ADVT for a year now so with her large exposure and understanding that time is pressing on, will be particularly keen to acquire SAA.

Further news can't be far away.

[kipper7] 25/1/2022 18:42

Big trade at 174.5

[kipper7] 25/1/2022 12:08

just tried to buy some stock .coudnt even buy 5000 shares!!

[kfr20] 24/1/2022 20:02

Vin, I believe will not want this to drag on for too much longer. I imagine this will only encourage other potential parties to step forward.

[tromso1] 24/1/2022 19:58

‘Though M&C’s board has rejected the latest deal, it’s unlikely to be the end of the matter; Murria still holds a 22.28% stake in the firm.’

[tromso1] 24/1/2022 18:57

Yes, hostile bid coming perhaps.

[colinroberts] 24/1/2022 16:52

Vin is very keen on SAA (and has been persistent about them since she took a stake in 2020). And in theory her pockets are deep enough to buy the 28% more, and that would change the game... Just a thought

[stemis] 24/1/2022 14:32

Vin + Advt will still have a 22% stake. The question is, what will they do with it...?

[davr0s] 24/1/2022 13:18

No idea on the matter - try not to second guess these kinds of things

[stemis] 24/1/2022 12:08

Doesn't look like the market thinks Advt are coming back with an increased and knockout offer...

[davr0s] 24/1/2022 08:41

I suspect it has been said before but I struggle to see how the chairs position is tenable - whose interest is she acting in. I hold a very modest position here so not going to make that much difference to my PF either way, but I am not sure the deal on offer from the bidder is a material improvement and brings much to the table than where we are already

[metis20] 24/1/2022 07:30

2.245 new AdvancedAdvT Limited shares for each M&C Saatchi ordinary share

· This represents a 20.7 per cent increase on the 1.86 share exchange ratio proposed in a confidential letter to the Board of M&C Saatchi dated 6 January 2022 (the "Original Proposal")

or:

1.633 new AdvancedAdvT Limited shares and 40 pence in cash for each M&C Saatchi ordinary share

The Company's pre suspension share price was 98 pence per share.

(2.245x98p = 220p)

[balcony] 23/1/2022 14:46

A cash element now been mentioned.

[kipper7] 21/1/2022 15:55

Disappointing price action today

[imastu pidgitaswell] 21/1/2022 07:58

There was a Sunday Times piece last week on how Mickey Kalifa was being headhunted and about to leave.

It now seems to have disappeared from their site - I can't help thinking that somebody (possibly with the initials MK) had it planted, and then the company had it removed. All part of an attempt to get a piece of the pie - him being 'indispensable' etc etc.

Murky...