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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Regenersis | LSE:RGS | London | Ordinary Share | GB00B06GNN57 | ORD 2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 229.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 229.00 | GBX |
Regenersis (RGS) Share Charts1 Year Regenersis Chart |
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1 Month Regenersis Chart |
Intraday Regenersis Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 06/4/2016 | 19:50 | Regenersis re-branded and re-energised | 1,331 |
| 24/11/2014 | 09:19 | $RGS.L – Regenersis – what gives? | - |
| 17/6/2008 | 09:38 | Recognition? | 15 |
| 31/8/2001 | 14:59 | Is Recognition Systems going down the pan? | 50 |
| 01/8/2001 | 23:25 | RECOGNITION SYSTEMS - Excellent Buy | 13 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 06/4/2016 15:24 by masurenguy Paul Scott's comment today.Tender offer - I haven't seen one of these for a while. Regenersis has sold its legacy depot maintenance businesses, and now has a big pile of cash, plus the data deletion business which it bought not that long ago. So cash is being partially returned to shareholders, through a tender offer, key details;Maximum £50m cash being used. Shareholders can tender presumably some or all of their shares at a price they choose, within the range of 215p to 250p. Given that the market price is currently 229p, then there's not any point in small investors tendering beow 229p - they might as well just sell in the market. The strike price mechanism means that an order book is created of everyone's tenders, it's sorted in descending price order, and then the strike price is where exactly £50m of shares is reached. Everyone is paid the same strike price. So if not many people tender, then the price could be as high as 250p. In that scenario, everyone gets the same strike price - of 250p - even if they tendered at below that. If loads of people tender their shares, then the strike price may be at the lower end of the range, or even scaled back if more than 29.4% of shares are tendered (that seems unlikely, but you never know). It's all down to what the Institutions decide to do basically. They might want to take advantage of the liquidity to exit, possibly? This is a big tender offer, so I suspect it probably won't be fully taken up, which might mean that the tender price could towards the middle to top of the price range perhaps, but that's a guess - I don't know the intentions of the big shareholders. My worry would be if management dump their shares in the tender offer as that would be negative for the share price afterwards. Remaining shareholders have to work out if the market cap, with the reduced number of shares (after the tender offer & cancellation of those shares has happened) is good value or not. I don't really know how to value Blannco. Note that the remaining business will still have fair bit of cash. If in doubt, talk it through with your stockbroker, to decide what the best course of action is for you personally. |
Posted at 06/4/2016 13:57 by supernumerary Why do companies ever do share buybacks rather than divis? Usually tax-related, or the directors have bonus on eps ;¬) But RGS can't do that amount of buying in the open market - it'd go on for ever, with all the attendant problems of expense and issues of insider trading - hence the tender. |
Posted at 06/4/2016 12:42 by clausentum Theoretically, should the share price at the time the tender closes be equal to the strike price that is expected by the investors? Otherwise there would be arbitrage to take advantage of the difference. |
Posted at 06/4/2016 08:31 by ben12358 Penpont it is as nw says. You could wikipedia dutch auction for shares, if you wish.Really what you do depends on your view of future prospect for the company and how you run your portfolio. I.e.if you want to reduce and at what price you are happy to do so.Presumably if not enough shares are tendered, the company may buy back the balance at the market price but this is conjecture on my part..... |
Posted at 06/4/2016 06:19 by masurenguy Tender strike price will be in the range of 215p - 250p.RNS Number : 2906U Blancco Technology Group PLC 06 April 2016 TENDER OFFER The Company announces the proposed return of a maximum of £50m to the Company's Eligible Shareholders by means of a tender offer. On 5 February 2016 the Company, formerly known as Regenersis plc, announced that it had entered into a conditional sale and purchase agreement to dispose of its Repair Services Business (the "Repair Services Business") to CTDI Repair Services Limited (the "Purchaser"), a wholly owned subsidiary of Communications Test Design, Inc., ("CTDI") for cash consideration of €103.5m (the "Disposal") and its intention to return capital to Eligible Shareholders of around £50m in the second quarter of 2016 by way of tender offer (the "Tender Offer"). The Company's ordinary shareholders approved the Disposal and the Tender Offer at a General Meeting held on 2 March 2016 and the completion of the Disposal was announced on 4 April 2016. At the same General Meeting the Ordinary Shareholders also passed a resolution approving the cancellation of the entire balance standing to the credit of the share premium account of the Company. Key elements of the Tender Offer are: · up to £50m available to be returned to Eligible Shareholders via the purchase of a maximum of 23,255,813 Ordinary Shares, representing a maximum of approximately 29.4%. of the Issued Ordinary Share Capital of the Company at 5 April 2016; · Ordinary Shares may be tendered within a price range of 215p to 250p per Ordinary Share (representing a discount of 6.1%. to a premium of 9.2% to the closing price of 229p on 5 April 2016); · the Tender Offer is structured using a Strike Price mechanism. All successfully tendered Ordinary Shares will be acquired at the Strike Price; and · the closing time and date is 1.00 p.m. (UK time) on 4 May 2016, with proceeds expected to be despatched to Eligible Shareholders by 16 May 2016. It is expected that a circular of the Company in relation to the Tender Offer dated 6 April 2016 (the "Circular") will be posted to Eligible Shareholders later today. Certain of the Directors currently intend to tender some or all of their beneficial holdings of Ordinary Shares, as set out in the Circular. |
Posted at 16/3/2016 13:57 by eclair Agreed weatherman. I'm guessing that the tender price will be close to the 250p maximum to make it worthwhile selling. But then I would expect the share price to move closer to this price as people buy the right to qualify for the tender (as far as I know there is no cut off date yet - someone please correct me if I'm wrong).So maybe the tender price will be closer to the current sp, but why then would we sell? |
Posted at 16/3/2016 09:50 by rivaldo Eclair, it's all in the Circular (which is on RGS' web site). Precise terms are yet to be decided, but the most relevant paragraph is this:"If the Proposed Tender Offer Resolution is approved, it is the current intention that Shareholders will be given the opportunity to tender their Ordinary Shares for cash, and that the Proposed Tender Offer will be implemented on the basis of the Tender Offer Bank acquiring, as principal, the successfully tendered Ordinary Shares at a ‘‘strike price’’ and selling them to the Company at the same price. For the purposes of seeking the authority to implement the repurchase associated with the Proposed Tender Offer, it is necessary to set upper and lower limits at which Ordinary Shares may be repurchased. The Proposed Tender Offer Resolution requires the repurchase price to be within the range of 150 pence to 250 pence per Ordinary Share. The repurchase price (and hence the Strike Price) will be determined at the level necessary to result in the repurchase of the maximum number of Ordinary Shares while having a total cost not exceeding the amount to be returned to Shareholders under the Proposed Tender Offer and subsequent repurchase. However, the repurchase price (and hence the Strike Price) will not be set at an amount which exceeds the Board’s assessment of the intrinsic worth of the Ordinary Shares. Up to 33,333,333 Ordinary Shares will be repurchased through the Proposed Tender Offer and the subsequent repurchase (being 42.2 per cent. of the Company’s issued share capital as at 12 February 2016 which was the latest practicable date for such determination prior to the publication of this circular)." |
Posted at 05/2/2016 16:02 by cocker Measure, RGS mrk cap of 160mill should inc the value of the business being sold today. Its happened to me before with Heritage Oil, once the special dividend gets paid the amount comes off the share price almost immediately. Sometimes I feel the money would be better spent, either by a share back programme or to leave it in the bank for future use. |
Posted at 19/12/2014 23:11 by macarre Gargleblaster...It's been a kind of shy Santa Rally so far. If there is a positive that can be said about RGS share price is that it has so far found good support at the 196p level. So if management continues to pick nice contracts like one announced today, we can start hoping for better days. Reckon 300+ is still probably a few months away though. |
Posted at 19/11/2014 17:25 by ballychan Yeah Andy Bryant, would that have effected RGS share price?Short positions are updated daily around 5pm from FCA. We won't know until tomorrow if shorts increased today. |
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