Opd Share Discussion Threads

[apatel21] 17/3/2008 11:12

OPD results tomorrow. I'm expecting a stonkingly good set of numbers but don't expect it will do OPD share price much good for the medium term having lost out on IMP.

[nigelpm] 12/3/2008 18:34

Do you seriously believe this is still possible ?

OF course it's possible!

[apatel21] 12/3/2008 12:03

Yep, might mean they decide to increase the offer.

Do you seriously believe this is still possible ? (see my post 233)

[nigelpm] 11/3/2008 11:40

Yep, might mean they decide to increase the offer.

[apatel21] 11/3/2008 09:35

EGM to takeover IMP approved today. Does it really matter?

[apatel21] 04/3/2008 17:26

Well you're back in the game guys. Do you have the cash to play ball though?

[apatel21] 29/2/2008 17:03

Ha ha ha - you 2 don't give up do you. OPD have failed to deliver a knock out bid for IMP in over 9 months of chasing. Do you REALLY think given they failed to beat Hydrogen in the auction process because they were ONLY prepared to improve their cash offer by 3% that they are going to increase it by another 22% (which is what they would have to do in order to just match Premier) ; )

[nigelpm] 28/2/2008 10:57

Indeed Ian. I'd say it plays right back into OPD's hands if they really do want IMP and now that their share price has recovered somewhat they might just be able to squeeze a better offer out.

[jeffian] 28/2/2008 10:55

"With Premier now also entering the fray is it game over for OPD?"

Rather the opposite, surely? If Premier do bid, the whole thing is opened up again for everybody to have another shot!

Regards, Ian

[apatel21] 28/2/2008 03:17

With Premier now also entering the fray is it game over for OPD? Does this not also underscore what a prize asset IMP was? It looks like from recent sales in OPD that some of the institutions have had enough of OPD and IMHO has a lot to do with their poor handling of the IMP takeover.

OPD shares themselves look good value on historic fundamentals but wheres the growth going to come from in the next couple of years in what will be a tough market? Are there any other similar acquisition targets to IMP out there on similarly cheap fundamentals that OPD could go for?

[qs9] 19/2/2008 08:36

is the market (by OPD rise) saying that the less likely the OPD bid then the better it will be for OPD hence the rise? OPD look Undervalued IMO as a stand alone business surely?

[jeffian] 15/2/2008 09:53

Still worth OPD hanging on til 29/2 to see what happens, though!

"Imprint shareholders should note that, if they do not vote in favour of the
Revised Hydrogen Scheme in sufficient numbers at the Court meeting (the 'Court
Meeting') and the Imprint extraordinary general meeting (the 'Imprint EGM')
convened for 29 February 2008 the Revised Hydrogen Scheme will lapse."

Regards, Ian

[nigelpm] 15/2/2008 07:54

A lot will depend on where the share prices of HYDG and OPD go I guess ;-)

I think it increasingly likely that OPD will throw in the towel this time though if they keep losing votes.

[williebiz] 15/2/2008 07:35

What happens next? I guess OPD's support dwindles to 10% or so within a few days. Then do they throw in the towel?

[nigelpm] 15/2/2008 07:34

It ain't over till it's over.

[apatel21] 15/2/2008 07:18

IMP recommends HYDG offer.

LOL - it looks like the final nail in the coffin for OPD's chances. Looks like OPD management were too canny for their own good - still some were just never convinced ; )

[nigelpm] 14/2/2008 13:00

Agreed Ian. There's far too much short term "feeling" on bulletin boards! ;-)

[jeffian] 14/2/2008 12:54

If they do pull it off, nigel, watch how management transforms from 'incompetent' to 'canny' in one easy step!

Regards, Ian

[nigelpm] 14/2/2008 12:33

Absolutely Ian.

[jeffian] 14/2/2008 12:14

I really don't know, apatel21 (I've been keeping my head down because any 'opinion' expressed is likely to be proved wrong within 24 hrs!). I don't think it's all over yet. I've never felt this was just about money, more about which team is perceived to be the best to take the enlarged group forward and, despite the many comments about the 'incompetent' handling of the bid (leaving aside for the moment the role of the advisers!), I have always rated OPD (and formerly PSD) management at what they do.

If it's just about cash, I assume HYDG have shaded it but they still have to get 75%+ votes for the Scheme of Arrangement and I guess they're not there yet. Will they go unconditional bid? What will happen to HYDG share price in the trading of illiquid stock after a deal (if successful)? Not a done deal yet, IMHO.

Regards, Ian

[apatel21] 14/2/2008 11:12

Ian,

Do you think OPD have lost the battle for IMP. The HYDG cash option is significantly more than OPD's.

What does this mean for OPD now? I can see possibilities of an MBO. However, given the disgraceful way the directors have behaved i can see them trying to screw the rest of the shareholders to buy on the cheap just like IMP directors.

[nigelpm] 13/2/2008 14:51

apatel - Both I suspect

[apatel21] 13/2/2008 14:46

OPD up strongly today - genuine bargain or a bit of share price manipulation to make the IMP offer appear more competitive?

[nigelpm] 12/2/2008 10:54

LIBOR's come back to sensible levels and deals are being done again. That part of the credit crunch has calmed considerably.

Clearly Barclays will be taking a nice cut from it since that's their business but you can bet others were offering finance so I suspect they didn't pay silly levels.

[apatel21] 12/2/2008 10:49

I'm surprised @ the lack of any response upwards in the share price of OPD to their revise offer for IMP. Either the market doesn't believe they will win or that it's a good deal (this may be due to the debt financing).

I would think the revolving credit facility must be costing a fair bit what with the credit crunch going on.