Me Share Discussion Threads

[targatarga] 01/3/2024 14:19

Heading towards 168p

[2magpies] 01/3/2024 10:16

Would have to be an agreed bid, it goes without saying.

That's 'agreed', not 'a greed' bid, as it were!!

[masurenguy] 01/3/2024 08:02

Current Major Shareholders
Serge Crasnianski: 137,803,041: 36.55%
FPCI Montefiore Investment IV: 45,355,481: 12.03%
Fidelity Special Situations Fund: 16,172,543: 4.29%
Schroder UK: 15,900,000: 4.22%

These 4 shareholders collectively hold 57.1% and have to report any change in their stake.

[tradertrev] 29/2/2024 14:36

A bid at a decent level might garner acceptances over 50%, but if the family doesn't sell you have a 35% minority holding that can block anything that requires a 75% vote/holding. It substantially reduces the flexibilty as to how the bidder/new controlling shareholder does things, so it would put most bidders off if they can't get the family to accept.

[2magpies] 29/2/2024 13:38

There cannot be a situation where 'familial' succession planning gets in the way of a knock-out bid.

[tradertrev] 29/2/2024 13:21

No, but a 35% shareholding gives them a big say

[2magpies] 29/2/2024 13:17

Can't simply pass it on to son and/or daughter!

[2magpies] 29/2/2024 13:05

All very well, but this isn't a 'family' business.

FTSE250 stock.

[crazycoops] 29/2/2024 12:08

John, a few weeks ago you were suggesting 160/170p would be a good takeover price - well here we are! I get the sugar rush of a takeover but while there are such obvious growth prospects on offer it is much better for the company to remain independent, in my opinion.

[dicktrade] 29/2/2024 11:08

Not forgetting his son Vlad is head of commercial operations, so dont think and certainly dont want a buyout here . its got too far to run yet.

[masurenguy] 29/2/2024 10:47

Well his daughter Tania is an executive director of the company so there is also potentially some family continuity in the future.

[2magpies] 29/2/2024 09:47

Well,of course.

At some point, a possible 'offer' may become difficult to refuse.

Unless MEGP is a 'hobby' to Serge, and he is emotionally attached to it.

Admitted: any offer would have to be significantly higher than here, given that all divisions are performing profitably.

[johndoe23] 29/2/2024 09:44

At his age, surely an offer of 230p plus would be very tempting?

[tradertrev] 29/2/2024 09:38

Can't be taken over without having Serge onside. He owns 35% ish.

[2magpies] 29/2/2024 09:07

Indeed.

Perhaps a PE outfit might heed that 'advice' ??

(unless someone is already looking!!)

[masurenguy] 29/2/2024 01:20

Buy ME Group for its underappreciated strengths and growth potential
The company's margins are expected to rise to 38% by 2026

29 February 2024

ME Group International 159.7p Market Cap: £575.4 million Instant-service equipment designer, maker and operator ME Group International is a compelling investment opportunity. A dominant market share and increasing product and geographic diversification provide growth drivers which are not reflected in the valuation. The shares trade on 11.8 times consensus EPS (earnings per share) forecast.

[foolsgold1] 28/2/2024 21:07

This is where I am a complete nerd as my son works in the airline industry and has shown me what his company uses. Unfortunately the mobile technology has moved on considerably. The agencies receiving the photo can now deploy an app that uses the camera on a mobile and instructs the user through the process which includes eyes open, closed and rotation of head. This provides a perfectly secure biometric photo ID that is delivered directly to the agencies server. So impossible to edit. I believe photo booths will continue to provide a very needed and valuable service but doubt agencies will rely on them for delivering photos because it’s safer than other solutions available. I hope I’m wrong on the above as it’s photo ID that has delivered the best returns for years and delivered us or very generous dividends.

[dr biotech] 28/2/2024 19:40

Interesting comment from Paul Scott, particularly regards to the use of photobooths to take pics that can't be tampered with. If they introduce legislation for that we'd be a big winner

[prokartace] 27/2/2024 12:24

A rather excellent move, soon be selling again

[gswredland] 26/2/2024 17:09

Good to see it climb after some profit taking

[spwh100] 26/2/2024 17:00

Where art thou serial loser disc0dave? You’ve also gone quiet on the YU. boards. I luv laughing at losers like you

[masurenguy] 26/2/2024 07:21

"the CEO's hostile bid at this juncture was rebuffed"

There never was a "hostile bid" from the CEO. The offer was purely a regularatory exercise undertaken by Serge Crasnianski. He already held circa 29% of the shares 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 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 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 knew that the other institutional shareholder would not be interested. Consequently, the offer lapsed circa 6 weeks later with less than 10% acceptances.

[elrico] 25/2/2024 20:49

In May 2022, I spotlighted #MEGP at 71p, hinting that breaching 80p could signal an uptrend. Amidst intrigue, the CEO's hostile bid at this juncture was rebuffed...

[disc0dave46] 23/2/2024 17:17

Folks taking some profit, can't blame them.