Mdm Engin. Share Discussion Threads

[gleach23] 15/5/2013 07:59

Yup...another lesson learned...and to think I initially held on to mine as a defensive measure (to avoid becoming too over-exposed on equities)!Hopefully any fall should be limited by the fact that the merger isn't off, just subject to revised terms. Maybe there will be a market overreaction today?

[interceptor2] 15/5/2013 07:48

Ditto steg, not one of my better dicisions :o(

ic2...

[stegrego] 15/5/2013 07:17

So that's not been leaked then at all....

Chuffing great. Next time I get any sort of offer on a share, I'm selling the same day.

[exbroker] 13/5/2013 12:57

I put my money where my mouth is so I too think it will go through but the timetable may slip a bit further.

[deucetoace] 13/5/2013 12:28

They have got approval from 2 national style bodies for the "merger" and invested a lot of time and reputation in it. They could walk away but are going to look very stupid and have considerable reputational loss if they do so. IMO they will need a very good reason to do so.

Mind you I have been nibbling some more as the price has reduced recently so this could be wishful thinking

[interceptor2] 13/5/2013 12:23

I held on here also due to not needing extra cash at the time, in a way I wouldn't mind if the bid failed, because it was way too low and stolen off investors. MDM are a very undervalued business and still performing very strongly, so I would be happy to share in their success.

The clever thing to have done, would have been to sell on the bid news, and brought back if it failed. But I'm not a trader :o(

ic2...

[exbroker] 13/5/2013 12:18

The arbs are not keen as this is outside the Take over Panel rules so the buyer can walk away if want to, hence the discount.I did buy some at 165

[gleach23] 13/5/2013 12:00

thanks both

can currently buy for 1.65...seems to be pricing in a good bit of risk if the deal is expected to be concluded on mid-may for a price of 1.81? otherwise there's a near-on quick 10% gain to be had...or am i missing something?

[beckaroo] 13/5/2013 00:06

This article states all going ahead as of 26th April...



Mineral process engineering and project management firm MDM Engineering reports that its merger with Australia-based resource-sector services company Sedgman's wholly owned subsidiary, Sedgman Africa Investments, is progressing.

The company says that the proposed $109-million merger, which was expected to be concluded by the end of April, still has some conditions precedent to meet before it is finalised. The companies now expect the merger to be concluded by mid-May.

"At this stage, the South African and Tanzanian competition commissions have approved the merger. Once finalised, the merger will result in MDM Engineering having access to bulk commodity process plant technology and, in return, will provide Sedgman with metal- liferous experience in, for example, gold, copper, platinum and uranium," says MDM Engineering executive director George Bennett.

He adds that the companies have successfully been awarded two joint venture tenders for the feasibility studies for gold projects.

"We believe this shows that when the merger is finalised, we will continue to work together with even greater success," Bennett says.

The company plans to continue growing this year through projects in Africa and the leveraging of Sedgman's bulk commodity capabilities worldwide.

"Gold is currently the most popular commodity, most probably as a result of the current price and challenges associated with bulk commodities. Copper currently also appears to be a popular choice," he says.

MDM Engineering is undertaking five execution projects at various stages of progress, representing project capital expenditure of more than $500-million in confirmed contract work, and seven bankable feasibility studies.

[exbroker] 12/5/2013 23:06

The 165 print was a seller being cleared out, 2 buyers both arbs

[gleach23] 12/5/2013 20:47

ok thanks - might turn out to have been a good move :-)

[wjccghcc] 12/5/2013 20:29

Sorry gleach, I sold out at 173p right on April 8th as soon as the new tax year started so haven't been following since.

[gleach23] 12/5/2013 20:24

well WJ, we're in the next tax year but what do you make of the drop?

I wasn't too fussed about dropping a few pence but a drop to 165p on the bid feels a little ominous - news leaking about a problem with the deal?

[wjccghcc] 05/3/2013 13:10

Personally, I'm happy if completion delays until the next tax year.

[gleach23] 05/3/2013 10:52

can now buy at 172.8

surely becomimg worth a punt again here - either there is a quick 5% or the merger is off and there is better value to be had in the shares albeit there may be a price drop initially? hmmm may start to have a dabble

[cfro] 05/3/2013 08:41

Agree that this was bought from shareholders on the cheap. I held on to mine and collected the divi on offer and then sold up. Could be a chance of a counter offer but somehow i doubt it.

[stegrego] 05/3/2013 07:41

Still holding and hope it doesn't come off or they up the price due to better performance.

Business was bought on the cheap.

[gleach23] 04/3/2013 14:37

anyone still in these?

i kept mine, partially as a disciplinary measure to limit my overall exposure to equities at the time (i'd have just used the proceeds to buy something else)

interesting that they expected s african competition sign off BY march but it hasn't been forthcoming yet and a few pennies are coming off the price. can now buy @ 175.2 with the deal done at 181 along with the outside chance of a special dividend

potential 3%+ in quick order here at the moment but unsure of what the risk is - anyone have a good feel for the situation here based on previous experience?

ps not many available to sell online (about 2k)

[gleach23] 16/1/2013 21:04

thanks steg - still waiting for mine (selftrade)

[stegrego] 16/1/2013 07:50

Yep got mine at Hargreaves Lansdown.

[gleach23] 15/1/2013 23:36

anyone get the divi today? it was 'expected' today but i didn't

[interceptor2] 04/12/2012 19:43

EGM to be held The EGM will be held at 11:00am on Thursday 20 December 2012 at Villa Graziella, 17 Avenue de la Costa B.P. 167, 98003 Monaco Cedex, Monaco.

That will keep most private holders at arms length from the directors. But if they provide tea and biscuits I might attend :o)

Only a 5 hour drive for me.

ic2...

[j drama] 28/11/2012 11:43

Great for holders of ASX:SDM?
The share price fell over 6% today.

[soundbuy] 28/11/2012 09:25

One or two punters buying for the divi??

would expect this to fall a tad ex-divi so would have to hang on till March for 181p, not a great strategy for a few pence...

[greenroom78] 28/11/2012 09:12

If the divi is worth about 5p next month (give or take) then I guess the Acquirer will pay up to 186p and still be net at 181p hence the buys at 182p?

I wonder what the special will be (if there is one) and when it will be announced?