Photo-me Share Discussion Threads

[masurenguy] 21/1/2022 09:15

Good post 2magpies.

[2magpies] 21/1/2022 09:12

" Following this purchase, Bidco and persons acting in concert with it (including Mr Crasnianski, Tania Crasnianski and Jean-Marc Janailhac) became interested in 138,028,596 Ordinary Shares in aggregate, representing 36.51% of Photo-Me's issued share capital, thereby triggering the requirement under Rule 9 of the City Code on Takeovers and Mergers (the "Code") to make the Mandatory Offer. "

Bid has been triggered due to requirement under Rule 9, as per rns.

That is, the holders representing the 36.51% block are required (MANDATED) to make a offer. The remaining holders are NOT obliged (mandated) to accept.

Trades in the market today are already above 75p

IMO, PHTM is not all that far away from paying dividends.

AND, here's an interesting chart (where do YOU think this could be heading?)


free stock charts from uk.advfn.com

[targatarga] 21/1/2022 08:58

Pre bid main holders are usually approached by offeree. Probably a done deal imho

[red army] 21/1/2022 08:25

I think the deal to go through requires 51%

[red army] 21/1/2022 08:24

They are presumably agreeable then as in my opinion he is getting this on the cheap.

[masurenguy] 21/1/2022 08:21

It's Schroders, who have circa 13%

[red army] 21/1/2022 08:16

Does anyone know who the next biggest shareholder is???

[masurenguy] 21/1/2022 08:09

Ref #8983 - what is your problem - do you have comprehension difficulties ?

[wapper] 21/1/2022 08:05

Could this move bring about a higher bid from interested parties ? I'm not selling yet until the fog clears. Long stop is 75p so why rush into selling?

[lovewinshatelosses] 21/1/2022 08:04

A quid a share would represent a fair deal for holders - with IMO - plenty of further upside for the new set up, so a genuine example of a win win scenario. But let us see how the next few days progress. A bidding war would be a dream - but I have no idea how likely this might be.

[capercaillie] 21/1/2022 08:03

Photo me history

[john09] 21/1/2022 08:02

Why for example are you suggesting Directors hold out for 100p wtf are you on about

[john09] 21/1/2022 08:00

Some people dont judging by the posts

[masurenguy] 21/1/2022 07:57

What is your point - we all know that ?

[john09] 21/1/2022 07:56

Amazed what im reading from some of you

The bidder is Serge

[capercaillie] 21/1/2022 07:56

The Dan David Foundation have agreed a price of 70p for their stock which appears very charitable. Concert Party?

[slogsweep] 21/1/2022 07:54

SCSW didn't see this coming main recommendation on issue 12th Jan 22

[tradertrev] 21/1/2022 07:54

The shares should trade at a premium to 75p given that insiders are indicating that the value of the company is significantly higher.

[masurenguy] 21/1/2022 07:54

He might be trying to take it private cheaply or else he may just be responding to stock market regulations. The directors should hold out for at least 100p in my view and perhaps also seek a white knight to start a bidding contest !

[tradertrev] 21/1/2022 07:53

The offer is only mandatory in the sense that Tibergest are compelled to make the offer as a result of the holding going over the 30% threshold. Shareholders are not compelled to accept this.

[targatarga] 21/1/2022 07:50

My take on this is it's a mandatory offer. Once it goes over a certain percentage you'll get a cheque in the post whether you accept or not! Imho

[spooky] 21/1/2022 07:41

john09, erm no there isn't.