Me Share Discussion Threads

[hopeful holder] 20/2/2024 07:35

Any thoughts on this?...We have over 2 million shares in MEGP treasury purchased with our money... so what benefit do we get from this if they are not being cancelled.?My thoughts were around it gives the company a little more leverage in any votes to take private.It also creates less free float in the market but why keep in treasury rather than cancel?Thanks

[extrader] 19/2/2024 15:04

Hi disc0dave,

As a matter of interest, what shares do you view positively in the current market environment?

I agree with you that it's challenging!

TIA

[disc0dave46] 16/2/2024 09:35

HHWas anecdotally trying to see if my experiences are similar, basically that other than their photo booths I've not used anything else and neither have family, friends and associates. Just posting my concerns given the current cost of icing crisis. No doubt there's nothing to worry about but it is on my mind. Wasn't doing any detailed market research and this is just a BB, but just asking.

[2magpies] 16/2/2024 09:16

HH

Indeed.

There is quite a lot of geographical/demographic reach.

The last trading update tells us what to expect.

[hopeful holder] 16/2/2024 08:39

Cash is tight.. maybe...But laundrettes are a necessity for many..Eating out / buying in is still popular, look at your fish and chip shops on a Friday night or the amount of Uber eats and such like, growing.. Photo booths... you use them when you need them... or pay through the nose for passport pics....I'm not saying they are immune, but the question you are asking is not the right one in my opinion. This is a company with units in many parts of the world so asking few people on a BB is not representative or accurate.

[disc0dave46] 15/2/2024 16:32

Quality business but the red flag for me is who exactly uses their products / services when cash is tight?.....hands up those that have (excluding photo booths which I get)?.

[johndoe23] 15/2/2024 12:11

Yes, but buyers taking

[s34icknote] 15/2/2024 11:02

Some one selling !!

[s34icknote] 13/2/2024 12:10

Some chunky buys this morning !

[warranty] 09/2/2024 18:50

Yes and more impressive up against a falling market. Let’s hope it continues?

[masurenguy] 08/2/2024 10:00

Looks like a bit of momentum building - shareprice up 14% over the past 3 weeks.

[johndoe23] 08/2/2024 09:29

Hopefully a leaky update!

[prokartace] 08/2/2024 09:09

Hurrah, a breakout, anyone know of a reason?

[lammylover] 08/2/2024 08:23

22 Feb for FY results (and hopefully current trading update)

[s34icknote] 08/2/2024 08:19

When's the update on this one ?Seams to be moving !

[disc0dave46] 07/2/2024 12:24

So why not some similar resolution for the "offer" in Jan 2022?.

[dr biotech] 07/2/2024 11:37

He did for the buyback as that would again raise his stake in the company.

[disc0dave46] 07/2/2024 11:03

Was thinking about what you said. Why didn't the CEO raise a special resolution to waive that rule?, namely the regulatory requirement to make an offer when holdings exceed 30%. It would eliminate any uncertainty and risk.

[disc0dave46] 06/2/2024 16:06

Aagh thanks that makes sense, forgot about the 30% rule and having to put an offer in.

[masurenguy] 06/2/2024 15:45

The Bidco offer was purely a regularatory exercise undertaken by Serge Crasnianski. He held circa 29% of the shares in this company and another significant shareholder, the Dan David Foundation who held nearly 8%, wanted out. Serge was able to pick up those shares at the bargain price of 70p but it meant that it took him well over the 30% threshold, where under Rule 9 of the City Code on Takeovers and Mergers, he was obliged to make a mandatory offer to all other shareholders too. It was never his intention to stage a private buyout of the company at that time @75p, he was only complying with regulations, and he clearly knew that the other institutional shareholder would not be interested. Consequently the offer lapsed circa 6 weeks later with less than 10% acceptances.

[disc0dave46] 06/2/2024 13:34

Bidco (the CEO) put the offer in of 75p, the profit forecasts for FY23 are 2.24x what they were for the FY that the offer was made, ergo 168p equivalent now. Trouble is has his offer been taken as the benchmark?.Only about 15% of shareholders (excluding Bidco as the bidder) needed to approve his last offer, last time from memory it was about 9%.

[johndoe23] 06/2/2024 12:53

Let's hope so lammy. All important paragraph will be the outlook statement for Q1

[lammylover] 06/2/2024 12:28

FY results are out on 22 Feb. Last chance to get in below 130p??

[crazycoops] 02/2/2024 16:09

I didn't tick you down John but no, I wouldn't be happy with 160/170p now. It would need to be well north of 200p for me to be happy. But in reality I am just a fractional shareholder and will take whatever the CEO agrees to.

[johndoe23] 02/2/2024 14:15

To whoever ticked that down, you wouldn't take 160/170p today??!