Raymarine Share Discussion Threads

[topinfo] 14/5/2010 16:08

I would have sold mate, your last chance I reckon. Suspended!

[boffster] 14/5/2010 16:08

Well clearly I can't sell in a few minutes.. lol. In for a penny in for a pound then now

[daytraders] 14/5/2010 16:07

this is going to be sold for 35p+ i think.

[goalmachine2] 14/5/2010 16:07

I can sell 17.6

[boffster] 14/5/2010 16:06

Nonsense. Administrator doesnt have any work to do. They have an offer for the entire business. All they have to do is accept it and pay the banks back. Maybe a couple of hundred £k I'd have thought

[envirovision] 14/5/2010 16:06

administration then?

[goalmachine2] 14/5/2010 16:06

Is it suspended?

[topinfo] 14/5/2010 16:05

Oh I was right.

[topinfo] 14/5/2010 16:05

FSA will suspend this soon.

[goalmachine2] 14/5/2010 16:04

In auction?

[daicaprice] 14/5/2010 16:04

Administrators fees will be huge.

DC

[boffster] 14/5/2010 16:03

Maybe not but I reckon I'll be able to shift them in a few minutes for a profit.

[goalmachine2] 14/5/2010 16:02

Will it keep going up now?

[goalmachine2] 14/5/2010 16:01

Well done Boff, not a done deal tho.

[boffster] 14/5/2010 16:01

grabbed another 50k @ 18.75

[goalmachine2] 14/5/2010 16:01

Up we go pple should have bought more!!

[goalmachine2] 14/5/2010 15:59

RNS
Further to Garmin's announcement this morning in relation to the possibility of Raymarine being placed into administration, Garmin announces it has had preliminary discussions with the potential administrator of Raymarine. Following these discussions, Garmin has made a proposal whereby, should Raymarine be placed into administration, it would acquire, conditionally only on the receipt of anti-trust approvals, Raymarine Holdings Limited (which represents the entire business operations of Raymarine and its subsidiary undertakings). The consideration payable is likely to equate to approximately 35 pence per Raymarine share (before the costs associated with an administration) in addition to providing for the repayment in full of the Raymarine group's banking facilities. At present, there can be no certainty as to whether an administrator will be appointed and, should one be appointed, whether Garmin's proposal will be accepted. A further announcement will be made in due course.

[boffster] 14/5/2010 15:55

YIPPPEEEEE!!

[simonparker5] 14/5/2010 15:55

Blimmey!!!!!!!!!!!!!!!!

[boffster] 14/5/2010 15:49

Is it worth us all getting on the phone and threatening them with legal action if they try to stitch us up!

[daytraders] 14/5/2010 15:33

i think he meant the BOD.

[daytraders] 14/5/2010 15:32

What about the major shareholders, surely they would want to take the 17.5p on offer.

[envirovision] 14/5/2010 15:32

aspers, I doubt theres many a bent employee there, its all down to the boards horrific management.

I'm sure your comment is not fair