Quadrise Share Discussion Threads

[richard xi] 29/9/2015 15:40

R Ball

An interesting option.

I am still trying to figure out if there is more mileage in residential real estate in the UK. The prices are now high, there is a high transfer tax/stamp duty which has discouraged buyers, the new taxes on buy-to-let investors will gradually kick in and ensure a stream of sellers and the outcome of the Tom and Jerry Show or its successor, currently playing in Brighton, could discourage all economic activity in the UK as the next election approaches.

[deadly] 29/9/2015 10:47

Some buying at or above the offer of 141p.

Another bid possible?

[deadly] 29/9/2015 10:00

Yes well done QP and thanks for all your efforts

[r ball] 28/9/2015 18:54

And for the future: Urban and Civic (formerly Terrance Hill)? Comments welcome.

[quepassa] 28/9/2015 11:13

Thank you very much indeed for your comments. Really appreciated.

Elliott were not there at the beginning in any way and were very late to the party but did indeed deal the final swift blow for which they have taken a lot of credit.

And Elliott perhaps made a lot of quick money. Maybe ten million dollars or more in barely a week ( 74million cfd shares x 10p give or take). Well done them.

I believe the eventual course of events was however influenced heavily prior to their arrival on the scene by the two failures where Lone Star/Quintain did not get the shares they needed at First or Second Closing.

Elliott weren't around then. Others, mainly private investors, were at that time doing the work and drawing the battle lines.

You normally see private investors taking a lead from institutional activity on M&A. In this case however, it is my personal view that some clever hedge-funds took the lead from private investors and that Elliott subsequently and astutely capitalised on this.

Shareholder activism at the private investor level is a force to be reckoned with going forward where I shall perhaps be taking a growing interest into the future. - Anyone wishing to send me a private email in this respect via ADVFN may do so.


Congratulations on the "nice" problem of having to worry about Capital Gains.
( Makes good use of your £11,100 annual CGT allowance and crystallise any portfolio losses elsewhere to offset gains).

Good luck to you and other holders.


ALL IMO. DYOR.
QP

[huttonr] 28/9/2015 10:51

I second Investoree in thanking Quepassa for his efforts in drumming up support.

[investoree] 28/9/2015 10:16

QuePassa - thanks for all your posts and encouragement on the QED BB which combined with Elliotts circa 14% stake probably contributed to Lone Star making an increaed offer on what was clearly an opportunistic under priced bid supported by QED's weak/greedy management? I have decided to sell my 34,990 shares in the market this morning for slightly more than I would have received from the unconditional offer settlement - including dealing charges and the PTM levy.

My only problem now is that I will be lumbered with paying a substantial CGT bill next year as I also had my CSR shareholding taken over recently. My well laid plans to pay minimal CGT seem to have been thrown into total disarray.

Good luck to all ex QED holders (especially long term holders) on wherever you decide to invest the proceeds!

[shaf200] 25/9/2015 21:53

Its all over here boys.... a bit disappointed with my 3.5 fold profit....

[quepassa] 25/9/2015 19:35

Not so sure about that.

Certain foot-soldiers put up a great and unstinting fight against an opportunistic assault.

The other side tried to breach the walls twice but failed miserably on both attempts.

The heavy artillery may have come to the rescue in the end but in my view are unlikely even to have put in an appearance without the groundwork having been laid by the rank-and-file.

Whilst individually the foot-soldiers have a weak voice, collectively they can have a very strong voice when united. Even a small number of foot-soldiers can make a significant difference to an outcome.

ALL IMO. DYOR.
QP

[bscuit] 25/9/2015 17:46

I can live with 100% in less than a year. Commiserations for those LTHers from higher prices.


I suspect PIs made little difference here if Elliott were able to easily pick up their CFD holding from the unaccounted for 28%.

[cszjrh2] 25/9/2015 17:04

Nice one guys and gals. Well done to all of those who recognised value here over the past few years and have now been rewarded for that (and their patience :)

[quepassa] 25/9/2015 14:45

When will you get paid?

With the offer now going unconditional in all respects today, the 141p pay-out will occur, if my understanding is correct, within the following time-frame as per the following extract from page 7 of the original offer document.


Settlement

Subject to the Offer becoming or being declared unconditional in all respects, settlement for those Quintain Shareholders who have validly accepted the Offer will be effected within 14 calendar days of the Offer becoming or being declared unconditional in all respects or, in relation to valid acceptances received after this date, within 14 calendar days of receipt of that acceptance



ALL IMO. DYOR.
QP

[jaws6] 25/9/2015 12:56

now QED news - it is in header so not putting here

[bjsnt] 25/9/2015 12:38

Offer now unconditional, so I have instructed Selftrade to accept this offer - glad I held out for the extra 10p, but still feel there would have been more value in future years.

[colly01] 25/9/2015 12:37

Thanks Maddox.. I agree with your reply in full..but while there is hope! !!!

Colly01

[maddox] 25/9/2015 12:09

Hi Colly01,

Yes, this ain't over until its declared unconditional. But I suspect that 141p is what Elliott have said they will accept - so it would need to be a new bidder - which is unlikely at this late stage.

Regards, Maddox

[glavey] 25/9/2015 12:02

So far BidCo (and QED management) have played this quite well because 141 is still a poor offer. Let's face it, if BidCo didn't think they were going to come out of it nicely medium term they wouldn't be bidding, would they! Anyone desperate to get out at these levels should sell in the market rather than wait.

[colly01] 25/9/2015 11:04

All

Good news indeed, as the offer had been extended for a further week, could someone appear within that time and make a higher bid ???

I'm sure some of you guys will know if that's possible, I assume it is.

Thanks

[jazza] 25/9/2015 10:14

Elliot made £millions profit in just a few days.

I think that's all the thanks they need!


My extra gain is somewhat smaller but welcome nonetheless.

Congrats all.

[jaws6] 25/9/2015 10:12

Maddox
See in header here in news ??

[maddox] 25/9/2015 09:47

Thank you Elliot!

Just goes to show what FIs might achieve if they had more balls. Elliott bought in or around the 131p offer and stood to lose substantially should Lone Star have withdrawn. However the FIs with substantial holdings meekly accepted what was clearly a poor offer price.

Congratulations to all you guys who held out for a better offer!

Regards, Maddox

[deadly] 25/9/2015 09:12

look at the top of this page...doh!

[quepassa] 25/9/2015 09:09

lots of places. you'll find it on voxmarkets!

[maddox] 25/9/2015 09:05

Hi guys,

Where is the RNS? I cannot find this announcement despite reading press reports.

Regards, Maddox