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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Regenersis | RGS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 229.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 229.00 |
| Top Posts |
|---|
Posted at 06/4/2016 16:24 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 15:32 by closetinvestor Thanks for the replies above. My point being ... all of this is for the benefit of directors and other large holders. The private investor would probably benefited from the new CGT rule you mentioned (first *5K now tax free)* edit: first £5K worth of dividend now free. |
Posted at 06/4/2016 13:42 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 15/3/2016 20:50 by cocker Interesting times indeed. Anybody prepared to have a stab at the tender price which is likely to be offered. Surely it has to be a decent size carrot to tempt investors. |
Posted at 16/2/2016 10:29 by davebowler Edison-The €103.5m (£78m) price for the Repair Services business is more than 10% ahead of the estimate in our sum of the parts. We estimate that the return of £50m cash to investors could leave Blancco well-funded to drive growth of the data erasure business with net cash of approximately £10m. The disposal of the Digital Care business, the remaining part of the Aftermarket Services division placed under review in September 2015, should provide a relatively small but welcome further fillip to finances. The value of the legacy businesses is now clear and investor attention will be focused solely on the exciting opportunity for Blancco Technology Group, as it is to be renamed, as a leader in data erasure. |
Posted at 21/10/2015 20:41 by webpax Yesterday's Investor Teach In slides now on Regenersis website: |
Posted at 12/10/2015 13:06 by aishah Releasing and revealing valueUpdate | Technology | 12/10/2015 Client losses and foreign exchange pressures appear to have overshadowed the underlying growth and the fundamental changes that management has made at Regenersis. Management is exploring the possible sale of the aftermarket services business – a move that will allow investors to focus on the opportunity and value in the data erasure software business. Our sum-of-the-parts analysis suggests that the aftermarket services business is worth 89p per share and Blancco, the data erasure software business, could itself be worth 139p or significantly more. |
Posted at 20/7/2015 14:04 by al101uk Graham,I'd ask what is wrong with posting the disclaimer on the bulk of Investors Champion promotional material. In order to read your piece you must sign up, there is risk on both sides of the sign up process in that either you are accepting that you have "self certified" or Investors Champion has not done it's due diligence before giving you access to their material (a disclaimer at the end of the piece is apparently not enough). Either way it serves a purpose, I'd question why you have a problem with it? It wasn't in response to your article, it was in response to the esteemed publication looking for customers here. You could have engaged this board by posting your thoughts, you chose not too and instead three links were posted to the Investors Champion Website. I'd respond to your other comments, but you see fit not to respond to any of mine, so instead I will agree with you in one respect and sign off on this matter... Apologies to those who wish to discuss RGS, I'll keep my posts on topic from now on. |
Posted at 19/7/2015 02:18 by al101uk Definition of High Net Worth:Earn at least £100,000 per year or have net assets (excluding your property, pension rights and so on) of at least £250,000. Definition of a Sophisticated Investor: have been a member of a business angels network for at least six months; or have made at least one investment in an unlisted security in the previous two years; or have worked in a professional capacity in the provision of finance to small- or medium-sized businesses in the last two years or in the provision of private equity; or be or have been within the last two years a director of a company with a turnover of at least £1m. A promoter will need to have a ‘reasonable belief’ that the self-certification has occurred. The self-certification has to be in writing, but a promoter will be able to rely on a verbal assurance that a person has self-certified as a sophisticated investor or HNWI. When accepted as a HNWI or sophisticated investor, the protections available for investors as regards the promotion of securities by a person authorised under the Financial Services Act are removed. |
Posted at 19/7/2015 02:14 by al101uk Highlights from Investors Champion disclaimer at the end of the bulk of their "research":This document is issued by Investors Champion. Investors Champion does not undertake investment business in the UK and therefore does not buy or sell shares, although it and individuals and companies associated with it may own shares. Investor’s Champion Ltd does not make recommendations. The conclusions and opinions expressed in this commentary accurately reflect the views of Investor’s Champion Ltd. The company commented on in this Commissioned Commentary pays a fee to Investor’s Champion Ltd in order for the commentary to be made available. While the information in the commentary is believed to be correct, this cannot be guaranteed. This commentary is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophisticated individuals. In the UK, any such individual who comes into possession of this commentary should consult their properly authorised professional adviser, or undertake one of the ‘self certified’ sophisticated investor tests that are available. |
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