Northgate Information Solutions Share Discussion Threads

[slaterlp] 05/1/2008 11:35

Why would it creep up? what is the point of anybody buying this if the agreed price is only 95?

[togglebrush] 04/1/2008 07:33

I thought the next key level was 29.XX%. Since announcement and until yesterday only 18.6% had changed hands

[grlz] 03/1/2008 20:19

KKR have secured enough to block out any rival bid - would need a hefty premium from a rival bidder to halt KKR now

[togglebrush] 03/1/2008 09:47

Since the announcement of this deal less than 17% of the company's shares have changed hands in the market(volume divided by 2). More shares are committed to the deal but no doubt there are let out clauses in each case. Other options are therefore possible???

[sharw] 02/1/2008 19:45

If you read the RNS on 21/12 you will know that this is not going through as a bid but as a scheme of arrangement under section 425 of the Companies Act. This can take longer to get to as it requires an EGM to be called and then has to be approved by a Court. After that it is fairly quick because it is an 'all or nothing' method.

[slaterlp] 02/1/2008 19:31

Does anyone know how many shares KKR now claim?

Dont they have enough to secure the bid yet?

If so, who are the remaining big holders that might force a higher price?

[hotfinance14] 02/1/2008 16:48

The timetable has not been disclosed yet.

[john53] 02/1/2008 15:55

Togglebrush- Thanks for your opinion
Do you know the timescale until completion?

[togglebrush] 02/1/2008 15:34

John53 ... IMHO

10% chance of a Price hike of say 10p (total 105p)
10% chance of rival counter bid of say 20p (total 115p)
70% chance of this bid going through and getting £5k
10% chance of you losing £50k

combined weighted upside looks above the weighted downside but DYOR

[john53] 02/1/2008 15:23

The dilema is if i wait for the extra 3p this equates to approx.£5k+ but if the bid fails and reverts back to say 60p i lose £50k+.
Any suggestions

[hotfinance14] 02/1/2008 13:58

A rival bid would be very welcome.

[togglebrush] 02/1/2008 13:55

4th is dividend record date. Sell today you will still be on the record for the dividend. Wait and you receive the full price, no spread etc, and pay no commission.

Also possible there may be

a) Shareholder pressure for a higher price
b) A rival bid
or
c) it may go pear-shaped.

[eithin] 02/1/2008 13:36

XD today.. sell now if you don't want the other 3p to 95p...

[john53] 02/1/2008 11:19

hotfinance14 - What date can you sell the shares but still benefit from the dividend. I thought it was the 2.01.08 but i have read somewhere that the Ex div date is the 4.01.08. Thanks for any assistance

[grcs4] 28/12/2007 19:25

Thanks for that.

[hotfinance14] 28/12/2007 18:38

No dates but does state interim dividend still to be paid.

[grcs4] 28/12/2007 17:10

hotfinance14
Thanks for sharing the info.
Did it contain an indication of timeframe to completion and payment.
Thanks

[hotfinance14] 28/12/2007 11:21

Just received the documents from NIS stating the deal has been agreed.

[slaterlp] 28/12/2007 01:29

Does anyone know what TW is now advising?

[grlz] 27/12/2007 19:01

another arb takes 28m shares (Cheyne Capital Management) - thats a lot of 3p's

[bobjay] 26/12/2007 13:20

Bobjay.If you think it will go through why did you not wait for the dividend and the extra 3p in share price?

My holding was small and, as I said, life's too short.

[eithin] 26/12/2007 11:53

95p and ex div 2nd. Jan. Done Deal by end Jan. MR but DYO....

[john53] 26/12/2007 11:11

Bobjay.If you think it will go through why did you not wait for the dividend and the extra 3p in share price?

[bobjay] 26/12/2007 11:05

Unlikely. 95p might be a low price but it's the best you'll get at the moment. I sold out right away - life's too short.

[john53] 26/12/2007 10:51

Any chance this deal will not go through?