Me Share Discussion Threads

[johndoe23] 08/8/2023 08:20

Lots of stops being taken out this morning

[doobz] 08/8/2023 08:16

Ouch, did I miss something?

[foolsgold1] 03/8/2023 21:05

How does Serge get out with as much money as is possible for his family so they can all sail into the sunset? Private equity take over. Right for Serge and right for the PE that sees the growth potential under management that have have had more than one Rodeo

[johndoe23] 03/8/2023 13:21

I reckon this will be taken out in the next 6-12 months, 220-230p!

[ali47fish] 03/8/2023 13:19

fool what 's the something big you have in mind!

[disc0dave45] 03/8/2023 12:58

Serge may be lining up his daughter to take over his other baby, MEGP. She's already in charge of the German and Austrian businesses and is only in her early fifties.

[foolsgold1] 03/8/2023 10:22

Good observation Dr B, and I said in my previous post, This is about one persons pocket and at 81 years of age I think what you have said is very very possible. Serge is a magician in how he has made a lot of money from the company and thankfully as a result many of us have benefited from his genius, emphasis on HIS, he can’t do this forever so I predict something big is going to happen!!!

[dr biotech] 03/8/2023 10:10

Also if you read the RNS, it says that if he was to take the company private he'd have to pay at least the amount paid during any buyback. Given he didn't want to pay any more than 75p, I doubt he'd want to pay 150p now.

My concern is more that he sells the company at a knock down price and there would be nothing we could do. I'm sure if a decent offer came in from PE he'd sell, but a decent offer for him could be a low ball bid and a very well paid job which would effectively shaft everyone else.

[disc0dave45] 03/8/2023 09:43

I'm not too sure he will take it private. He piled in early 2022, triggered Rule 9 and put in a pitiful bid price of 75p when the shares were trading at 71.5p. He's getting at least £9m pa in dividends and his £20m purchase in Jan 2022 has doubled to £40m+.......why would he want to go private!. Clearly IMO he doesn't, hence the plan to waive Rule 9 and possibly buying more shares?. Nobody knows and it's pure speculation but I'd be surprised he wants to kill his income stream and capital appreciation.

[ali47fish] 03/8/2023 09:00

if he takes it private is that bad for retail investors?

[foolsgold1] 01/8/2023 22:38

I think it’s obvious this has been Serge’s plan for some time. Having held shares in this company for over 20 years I’ve learnt that there is only one focus and that’s the CEO’s pocket. Thankfully I’ve used this to my advantage to date. However I think our days are numbered.

[masurenguy] 01/8/2023 08:05

Proposed Share Buyback and Rule 9 Waiver

The Company proposes to seek Shareholder approval to have the authority to buy back up to 10% of the issued share capital. It is the intention that this Share Buyback Programme will run until the authority expires at the next AGM or such other date prior to then should it be completed sooner.

Assuming utilisation of the full buyback authority, the Company's largest shareholder, Tibergest PTE Ltd, and persons acting in concert with it, may own up to 40.60% of the voting rights in the Company. Therefore, the Independent Shareholders will be asked to waive an obligation on the Concert Party to make a general offer for the entire issued, and to be issued, share capital of the Company which may arise under Rule 9 of the Takeover Code as a result of the Company purchasing its Ordinary Shares.

The Company has historically sought authority and received approval from its shareholders to make market purchases of its own shares, with the most recent authority being granted at the Company's AGM on 28 April 2023, permitting the Company to repurchase up to 37,805,164 ordinary shares, equal to 10% of the Company's issued ordinary share capital at the latest practicable date before publication of the Notice of AGM, being 28 February 2023. However, despite this authority having already been granted, the Company has been restricted from using it owing to the Concert Party being interested in more than 30% but less than 50% of the total voting rights of the Company (and therefore, any repurchases of shares under such buyback authority being liable to trigger an obligation for the Concert Party to make an offer, in cash, for the entire issued and to be issued share capital of the Company, pursuant to Rule 9 of the City Code).

With a strong cash balance, that the Board believes will increase, the Board has concluded that it wishes to have the flexibility to utilise the Proposed Buy Back Authority in circumstances which it decides are in the best interests of the Company. Accordingly, this announcement sets out the background to, and reasons why the Board believes it to be in the best interests of Shareholders as a whole for the Company to reapply for authority, as necessary under the City Code, to make market purchases of its Ordinary Shares under the same parameters as previously approved, being that any share repurchases are made at a price:

(i) no less than the nominal value of an Ordinary Share, being 0.5p.
(ii) no higher than an amount which is not more than 5% above the average of the closing middle market quotations for an Ordinary Share, as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the date on which that Ordinary share is contracted to be purchased; or,
(iii) the higher of the price of the last independent trade of an ordinary share or the highest current independent bid on the London Stock Exchange.

Share Buy Back Programme

Should the Proposed Buy Back Authority be approved, the Board announces its intention to undertake an initial buyback programme of up to 2% of the Company's issued share capital, subject to the parameters described above. The Company's dividend policy remains unchanged.

[slogsweep] 01/8/2023 07:57

Taking company private by back door

[tradertrev] 01/8/2023 07:56

Should at least test the recent 170 highs. Confirms the profitable and cash generative nature of the business, even after investing for growth.

[rainbow unicorn] 01/8/2023 07:48

Thoughts on todats RNS ??

[rainbow unicorn] 01/8/2023 07:47

Thoughts on todays RNS??

[doobz] 28/7/2023 21:31

Luckily fomo worked for once as I had some more at 150. Looks good again, let's see 170 left behind soon

[gswredland] 25/7/2023 15:40

Wish I was sure of that.What history do you base that assumption on investing2retire?

[investing2retire] 25/7/2023 14:51

if history repeats we will get another opportunity to buy again at sub 140.patience is key

[gswredland] 25/7/2023 13:45

Oh Damn! Wanted to add and suddenly...

[johndoe23] 25/7/2023 13:13

Well, opportunity missed at 147p!

[petersinthemarket] 25/7/2023 12:14

>Pro.... Any chance you could put a RSI(14) chart in the header?

[prokartace] 25/7/2023 08:10

Doobz you're right but this market doesn't care so cheap buying opportunities will appear throughout the market

[doobz] 24/7/2023 14:22

I'll be buying a lot more under 145 if we get a chance. Happy either way, its oversold and undervalued here already. Focus on the news not the sp