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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Penna Consultng | PNA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 365.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 365.00 |
| Top Posts |
|---|
Posted at 09/5/2016 09:30 by interceptor2 You should receive the proceeds within 14 day of 10th May, see link below. |
Posted at 20/4/2016 08:32 by 2breakout 2breakout9 Mar'16 - 18:23 - 393 of 414 0 0 edit Only bought yesterday at 355p, so I take it I don't get dividend, but 365p is definate or can the bidder still pull out? aksed this and got no reply.cheers. managed to sell at 360p after fighting with sharecentre to unlock the flaming shares. |
Posted at 20/4/2016 08:23 by shanklin Not unhappy I sold half my SIPP holding of PNA on Monday to finance other purchases. Quite bizarre the CMA are looking at this so late in the day. |
Posted at 31/3/2016 08:28 by supersambrook Sorry if a silly question but what happens to the shares owned in PNA when the acquisition goes through? Do half get paid out and the other half moved to Adecco shares?Just trying to understand if it's just worth selling the remaining holding now? Or any benefit to wait? |
Posted at 14/3/2016 09:27 by cfro Completely disagree with that mammyoko, as do many others...PNA are 'in-play' now with plenty of time for any potential bidders to run their slide rule over them. |
Posted at 11/3/2016 15:29 by shanklin Well, there's not too much tempting to buy currently and PNA must be one of the better no-cash options available for existing holders, with the virtual certainty of of a 1.4% gain over the bid period and the potential for it to be a 15%+ gain. |
Posted at 09/3/2016 11:14 by shanklin If I was Adecco, I would want a minimum premium for a competing bid and I would want it to be as high as possible. So 15% is an excellent arrangement for them and their shareholders/owners.My point is that PNA directors are meant to act in the interest of shareholders and, in that respect, 15% (as opposed to say 5% or 10%) is a very poor outcome in my opinion. Its not as if PNA has been doing badly recently and directors really should see themselves as being in a decent position when responding to an unsought bid approach. |
Posted at 09/3/2016 07:47 by shanklin Well IMHO its questionable whether this condition is in the best interest of PNA shareholders. So are PNA directors meeting their legal obligations in this regard, whatever they may be? |
Posted at 09/3/2016 07:16 by shanklin So, paraphrasing the RNS......the various irrevocable undertakings from Penna Directors and others will only cease to be binding if a third party makes a competing offer at a value which exceeds the value of the cash consideration per Penna Share under the Offer by 15 per cent. or more per Penna Share. IMHO, this is ridiculous, certainly not a deal condition I have seen before. Presumably this reflects all parties to the deal believing PNA is worth between £3.65 and £4.1975 and that the bidder is underpaying for PNA. |
Posted at 08/1/2016 09:36 by shanklin How did IC get to "15 times current-year earnings" given PNA closed last night at 306p. EPS of 20.4p is inconsistent with PNA being "materially" ahead of prior expectations of 19p.Also ridiculous to compare PNA with HVN, the latter being capable of growing revenues but at ever reducing margins. At least EMR and ITQ are progressively growing earnings. |
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