Oxford Nanopore Technolo... Share Discussion Threads

[bob725] 11/3/2004 14:12

LMC's share price is now about 208 - a decrease of about 7%. ONT is now 27 with a bid price of 26. Obviously you sell ONT and you get bad deal with LMC. With volume now decreased on previous days what are the chances of successful bid for LMC? Very low now?

[the pink pound] 11/3/2004 11:41

I wouldn't worry too much about that bid anymore!!

Don't all thank me at once!

Regards

Simeon7

[spud] 11/3/2004 08:03

Edit!

Offer now worth 27.33p. Multiplier needs revising to 0.15 just to tread water...

I don't think so!

spud

[cir] 11/3/2004 07:10

First Choice Holidays AGM statement out today.

Looks quite healthy to me.

[old boy returns] 10/3/2004 23:58

hischnathan - GNI are a CFD provider. Their holding in ONT is just a market hedge reflection of their clients net CFD positions. If you read the full RNS's you will see all the details.

[cyril lesley fabio] 10/3/2004 21:13

S/S

Don't panic
I had the reverse from my broker. 'Please advise us (in writing) should you wish to accept the offer, no later than 18th March 2004.'

IMHO There is no chance they'll get 90%, and 50% by 18th is extremely doubtful.
Martha's timing and ONT shareholder's lack of enthusiasm for holding LMC stock at the proposed price=embarassment for LMC. LMC have to find some way of making this deal more palatable for ONT shareholders. Don't expect another bid from anyone else but expect an improved offer or a higher lmc share price.

Cyril

[i_need_help] 10/3/2004 21:08

I deal through ample and there default (i.e. I do not respond) is that they will not reply to the offer. This is in effect a no vote which I am very happy with.

This offer is really not good enough. I do not want LMC shares and the value of the offer gets worse every day.

Ample aslo say that if I had accepted the offer I would not be able to sell my shares in ONT until the bid failed or I had LMC shares.

[saint or sinner?] 10/3/2004 19:05

I had a letter from comdirect about my 'pooled holding' which they hold in my nominee a/c. Interestingly and perhaps worryingly, they work on the assumption that the recommended offer is to be accepted unless they are notified otherwise. I would have thought the default should be they will decline unless otherwise notified, but there you go.

I wonder if any other stockbrokers who hold shares in nominee a/cs are working on the same basis?

If your shares are held in a nominee a/c I suggest you check with the broker if you don't intend accepting.

Apathetic holders will no doubt be playing into Lastminute's hands!

0 ;-D

Saint

[hirschnathan] 10/3/2004 19:02

why are gni buying so many shares, will their 8% make a difference?
Are they desperate for a counter bid?

I have not got a clue whats going on here.
Maybe gni are buying as agents for lmc? (I hope not)

regards

[spud] 10/3/2004 17:43

Yup looks like it.

Sitting tight.

spud

[mikeran] 10/3/2004 16:37

ONT buys after the bell again some 2.5 mill.???

[spud] 10/3/2004 09:42

Well if nothing else at least the 500k will strengthen the balance sheet!

spud

[polythene] 10/3/2004 08:04

I'm out, couldn't wait. Had twice my normal holding, so can throw away a few pence. Good luck to holders, hope counter offer materialises. Otherwise, maybe LMC will be rejected and I can buy back cheaper :-)

[polythene] 10/3/2004 07:54

What are people's views on a counter offer? It looks like a cash offer of less than 31p may now be a more attractive offer.

[old boy returns] 09/3/2004 23:16

Starting to look rather embarrassing for all concerned. ONT directors will have relied in Altium's advice (big conflict of interest cos they make big fees on bids) in recommending the LMC all paper bid. They must now be wondering what they have done. Very embarrassing for LMC that Martha has chosen now to offload all those shares. Eveyone knows that LMC is vastly overvalued but their institutional holders continue to support the price as to stop doign so would be like turkeys voting for Xmas. However they cannot defer reality forever and the combination of LMC's main spin machine stepping down and cashing in her shares will probably start the unstoppable slide.

[cubabuckley] 09/3/2004 22:23

So far no news of a counter offer but time has been short.

If by the closing date LMC have not got 51% ( which seems likely) they have the option of:

1. Extending the offer by 30 days.

or

2. Dropping out

or

3 Increasing their offer


What will people think about the value of LMC paper if they are unable to seduce ONT shareholders? A drop in LMC share price of 10%???

Will they improve the offer rather than lose £500,000 odd penalty for dropping out and suffer share drop for failing?

Will they want to wait for 30 days and see further loss of confidence of their shares and still not hit the 51% beacuse their share value has meant that ONT shareholders will get so much less than 31p value in their shares?

The choice is theirs..............

[mikeran] 09/3/2004 16:47

Some large trades in the last 30 minutes, difficult to see whether they were all buys or not- one T trade. But similar happened yesterday- is someone building a stake? hard to see that you would pay that price on the falling paper value of the bid via LMC. also based on the citwire article.

[karakorum] 09/3/2004 16:40

From Citywire emailnews:

Exclusive: shrewds join Martha Lane in dumping Lastminute
It's not just Lastminute founder Martha Lane Fox who's booking a flight out of Lastminute shares: Citywire has unearthed two shrewd investors who have completely checked out of the share register.

I don't subscribe so do not know who, but makes me even more unesy about th offer. I will not be accepting but am concerned about the exchange rate deterring US bidders.

[polythene] 09/3/2004 16:26

March 16th is in my head as the day by which we need to get a new offer. Is there any thruth in this, or just a figment of my imagination?

[i_need_help] 09/3/2004 12:34

At a bid price of 225.5 the latest price is a very poor 29.74p

[barnetpeter] 09/3/2004 12:04

The problem here is that the offer is falling in line with the LMC price. Anyone care to work out the latest price?

[simeon7] 09/3/2004 07:54

LoL!

The last thing you want is LMC paper. Martha sold 2million of hers yesterday....she knows whats coming.

My advice would be to sell ONT, but only if the deal with LMC is approved. I wouldn't worry though.....ONT is worth far more than anything that LMC can afford!

Good luck guys

Larry

[tradx666] 09/3/2004 07:46

BHAFC,

actually, you will still get LMC shares (not the money), whether you like them or not!
Lets hope that somebody crawls form the woodwork soon.

[bhafc] 09/3/2004 06:56

If you do nothing, you are not voting in favour of the the LMC offer.

You can then wait for another offer.

However, if LMC get enough "yes"es then the deal goes through anyway and you will still get the money

[sandrag] 09/3/2004 06:44

I have been asked by my broker if I wish to take up the LMC offer - if I do nothing what happens - I agree I think there will be another bid.