Monitise Share Discussion Threads

[mikethebike4] 25/8/2017 17:37

Phillis

only a minor one though

did you vote no to the resolution ? - if so we forgive you - if not ...well ?

[phillis] 25/8/2017 16:44

Ex
You read it correctly
Some people dont know enough to be investing in small stocks
They should stick to Shell
Only 60% voted

I bought a couple of mil below 3p
Am I an Arb I wonder

No need to answer that boys and girls

[tb20] 25/8/2017 16:44

Well done the BOD +Lukies you have got awY will murder... unless someone takes exception and comes looking for you...look after your backs

[exbroker] 25/8/2017 14:36

In the opinion of the arbs it was worth the risk and they have been vindicated what else is there to say, the deal completes and the stock is suspended at the close on 31 Aug.
Close?????
96% of the shares that were voted voted for, that like a referendum in Russia!

[thetruthmissile] 25/8/2017 14:17

They barely cleared 75% so i wouldn't pat yourself on the back too much. I stated it would be close and it was not worth the risk some were playing on the margin. I stand by it.

[eipgam] 25/8/2017 14:10

When do we get our pennies? Is it still just 3.1p ps?

[stud-muffin] 25/8/2017 13:57

I thought you had called it right Exb.

Please allow the many good folk on here a little sympathy - this has been a con job.

A trawl through the endless Moni Bull Sh*t would amply prove investors here were not greedy or reckless just maybe a little too gullible.

Beyond that once again British management proves itself to be over paid and almost entirely without any discernible talent beyond self gratification.

Little wonder we slip ever down the economic ladder - by population size (per capita) we now rest in the low 20's of the top nations - once we were number 1!

[exbroker] 25/8/2017 12:41

I won’t hold my breath waiting for the grovelling apologies from those on here who criticized my posts, offering only hollow opinions, ignorance, and wishful thinking in their place.
mtb4 seems I can add up!

[nsk1] 25/8/2017 12:34

We've all been well & truly shafted here. Disgraceful BOD imho

[neilyb675] 25/8/2017 12:33

So its a done deal, what a disappointment

[exbroker] 24/8/2017 20:54

At least 6 million if not more double counted, at least 3 buyers.

[mikethebike4] 24/8/2017 16:46

Exb

as an exb what's your take on todays trading activities - 12m so far

[mikethebike4] 24/8/2017 16:43

Event Time and/or date
Latest time for lodging Forms of Proxy
for the:
(a) Reconvened Court Meeting (blue form) 10:30 am on 23 August
2017(1)
(b) Reconvened General Meeting (white form) 10:45 am on 23 August
2017(2)
Voting Record Time for the Reconvened Court 6:30 pm on 23 August
Meeting 2017(3)
Voting Record Time for the Reconvened General 6:30 pm on 23 August
Meeting 2017
Reconvened Court Meeting 10:30 am on 25 August
2017
Reconvened General Meeting 10:45 am on 25 August
2017(4)
The following dates are indicative only
and are subject to change (5)
Court Hearing to sanction the Scheme(6) 31 August 2017
Last day of dealings in, and for registrations 6:00 pm on 31 August
of transfers of, and disablement in CREST 2017
of, Monitise Shares
Scheme Record Time 6:00 pm on 31 August
2017
Dealings in Monitise Shares suspended 7:30 am on 1 September
2017
Effective Date of the Scheme 1 September 2017
Cancellation of admission to trading on 7:00 am on 4 September
AIM of Monitise Shares 2017
Latest date for despatch of cheques and by the end of 15 September
crediting of CREST accounts for cash consideration 2017
due under the Scheme
Long Stop Date 15 September 2017(7)

Looks like 1 Sept. but I don't think this whole thing will be straight-forward

[anotherardbeg] 24/8/2017 16:27

When will the result of the count be published?

[mikethebike4] 24/8/2017 14:41

still lots of selling - perhaps Fiserve has been shown the door

[exbroker] 23/8/2017 16:11

If you sell any shares having signed a letter or irrevocable you have to notify, and also as they hold more than 1% a Rule 8.3 by 15.30 the next day.
Its small selling by the PI who either don’t know there is a bid, or don’t want to wait for the cash, or could have a deep understanding and think the deal fails.

Therefore, in aggregate, Bidco has received irrevocable undertakings and letters of intent to vote or procure votes in favour of the Scheme at the Court Meeting and the resolution necessary to implement the Scheme to be proposed at the General Meeting (or, in the event that the Acquisition is implemented by way of a Takeover Offer, accept or procure acceptance of that offer, subject to the conditions set out in Appendix II) in respect of 229,577,466 Monitise Shares, representing approximately 9.90 per cent. of the existing issued share capital of Monitise.
Little point in agreeing to do a letter of intent at 2.9p and not going through with it at 3.1p

[mikethebike4] 23/8/2017 14:55

Exb

Irrevocable letter of intent from Visa :-

Clause 5
We confirm that it is our current intention to vote in favour of or accept the Aquisition in respect of the ordinary shares ..... after the date of this letter

Clause 8
This letter is an expression of intent and nothing in this letter is intended to bind us, nor shall it, create .....

Doesn't sound very irrevocable to me

Maybe they have taken advantage of the generosity of the arbs. ?

[celeritas] 23/8/2017 14:42

Who is going to sign a Finkit deal with ownership up in the air. Even if it falls through doubts will exist moni have the clout and intention to fulfill requirements.

[mikethebike4] 23/8/2017 14:36

Exb
I'm sure you know more than me about these things but that doesn't stop you muddying the waters to my disadvantage
If you are correct I wonder why VISA was not in the Major Shareholders List (well over 3% to make your figures add up) which you say are still irrevocables (or were maybe)

Thanks for the info dates-wise - we will soon know who was correct - the Exb or the PI

[exbroker] 23/8/2017 12:34

mtb4
I may not be an expert but it seems I know more than you.Disprove my numbers, all the information is in the RNS`s the Visa numbers are in a Rule8.3 and in the irrevocable, I don’t understand why you have a problem unless you cant be bothered to read the RNS`s properly or cant add up!
The timings are also in an RNS but here they are for information.

Event Time and/or date
Latest time for lodging Forms of Proxy
for the:
(a) Reconvened Court Meeting (blue form) 10:30 am on 23 August
2017(1)
(b) Reconvened General Meeting (white form) 10:45 am on 23 August
2017(2)
Voting Record Time for the Reconvened Court 6:30 pm on 23 August
Meeting 2017(3)
Voting Record Time for the Reconvened General 6:30 pm on 23 August
Meeting 2017
Reconvened Court Meeting 10:30 am on 25 August
2017
Reconvened General Meeting 10:45 am on 25 August
2017(4)
The following dates are indicative only
and are subject to change (5)
Court Hearing to sanction the Scheme(6) 31 August 2017
Last day of dealings in, and for registrations 6:00 pm on 31 August
of transfers of, and disablement in CREST 2017
of, Monitise Shares
Scheme Record Time 6:00 pm on 31 August
2017
Dealings in Monitise Shares suspended 7:30 am on 1 September
2017
Effective Date of the Scheme 1 September 2017
Cancellation of admission to trading on 7:00 am on 4 September
AIM of Monitise Shares 2017
Latest date for despatch of cheques and by the end of 15 September
crediting of CREST accounts for cash consideration 2017
due under the Scheme
Long Stop Date 15 September 2017(7)

[mikethebike4] 23/8/2017 09:04

Exb
if your rule 8.3 filing calculations are anything like your take on the Visa situation I think I am justified in ignoring them.

I am not saying this is such a 'steel', just that the BoD and arbs (and others who shall be nameless but who know quite well who they are) are lying about the situation to scare the PIs into selling at this point

As you are such an expert on these situations tell me when this will crystallise

[exbroker] 22/8/2017 18:07

All the holdings are from the Rule 8.3 filings except the Lloyd Miller family which I got from an analysis of the shareholders list dated 26 July 2017.
The Visa Santander number is from the level of irrevocables.
You have not included Man Grp and several other arbs.
The Monitise website shows only those who have a holding above 3% and that if they have notified the company.
I stand by my numbers.
If the arbs are worried how come they bought 10 million shares on Monday, you can see this from the Rule 8.3 announcements today, and I expect more Rule 8.3 tomorrow. If private investors want to sell stock with little regard for the price as a buyer would you
a) bid them as much as possible leaving you no profit?
or
b) let them drive the price down so you made a profit?
If this is such a steal either way then pray tell how many have you bought since the bid was announced?

[mikethebike4] 22/8/2017 17:26

Major Shareholders

Current to 14 August 2017
Shareholdings % No. of Ordinary Shares*
ODDO Meriten Asset Management SAS 4.98% 115,500,000
Cavendish Asset Management 4.84% 112,090,279
Banco Santander SA 4.67% 108,196,721
Jacobo Ybarra 4.41% 102,328,370
MVN Asset Management Limited 3.08% 75,592,686

Exb - I am afraid your maths are in error - like post 21754 the above was copied directly from the Monitise website and DOES include Santander in the total of 21.98% - no mention of VISA though
Also I repeat where do you get all these other shareholdings from ?

As for the state of the company all it needs is a hatchet job clearing out the deadwood called the BoD, junking FinKit if Fiserve or IBM don't want it, selling any assets which don't fit in with the new streamlined entity and cutting costs savagely
I still think you are, or are acting on behalf of, the arbs. - who must be getting desperate by now