Deutsche Bank cuts Rentokil Initial target to 560 (610) pence - 'buy' |
Bidding war likely here. |
Can see this being taken out at £6 plus. |
ii market report...
In London, Rentokil surged 12%, the top FTSE 100 performer. The former chief executive officer of BT Group is leading a possible takeover offer for the pest control firm, the Times reported on Sunday.
Philip Jansen is in talks with private equity firms over a plan that would see him become executive chair of the FTSE 100 company, the newspaper said without citing sources. The Times noted that Jansen is close to Bain Capital.
The Times said "it is understood" that, if successful, Jansen and his backers would use Rentokil as a consolidation vehicle to buy other pest control companies in the US, before looking to re-list it in New York. |
Are we likely to see an RNS tomorrow morning?
Could be a good time to add before any rapid move.
Didn't really want to before the results this week. Tricky timing |
Good to see no leak |
How did the market not catch wind of this? |
600p take out ? |
Looks like the takeover rumours were true.... |
Well well nice moves you should have listened..
Happy Days Ahead |
Money moved to APH [Alliance Pharma] |
Worth at least 600pWhy people sell here is crazy |
Peltzer said to have taken a big stake here. Takeover rumours. |
Any news hete |
Bottom fishing makes RTO a great opportunity especially as Asia Opens Up.
For example, India have a massive Vermin problem so expect rapid increase in Revenue.
Average 2 Rats per person expect 2 Billion Rats in India
In India, the Brown Rat (common rat) and the Black Rat (sewer rat) are commonly found in both private homes and business property.
Ain't going there for my holidays!!
Plenty of Growth Ahead...
Also a massive Takeover Target at these low levels.. |
Bumping along the bottom…. |
Came down around pre-result price. Will monitor from sideline by entering. |
Takeover Target above 650p with 800p a fair offer.
Breakout Moves expected to be rapid with recent highs 500p soon.
RNS on Mega Deals soon...
Future Brighter |
 14/02/2024 10:29 RNS Regulatory News Beacon Rise Holdings PLC Issue of Equity LSE:BRS Beacon Rise Holdings Plc
"Issuance of shares
Beacon Rise Holdings plc (the Company) announces that on 14 February 2024 it issued 58,333 ordinary shares of £1.00 each in the capital of the Company at a price of £1.20 per ordinary share (the Shares).
Following the issuance of the Shares, the Company's issued share capital comprises 1,180,333 ordinary shares.
The Company intends to apply for the admission of the Shares to the standard listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange.
Enquiries
For further information, please visit www.beaconrise.uk or contact Kemp House, 160 City Road, London, EC1V 2NX."
An interesting recent fundraise by BRS.
Only c. £70K. raised, but the placing price of £1.20 is a hefty premium: 50% above the current BRS share price of 80p, and 60% more than the share price on 14th. February (75p).
Moreover, BRS's loss in its 6 months to 30.9.23 was only £19,714, at which point it still had cash of £328,900, and £358,991 net & net current assets.
The market cap. at 80p is £944,266, but these types of shells can arrange RTOs at multiples of their cash.
It looks to me like this placing could well be a prelude to an imminent proposed RTO, at a BRS share price of at least £1.20/share, but potentially a lot higher than that. |
Hedgehog 100
Sorry, i just took it as they had gone bust. |
LoTM,
Sorry about the delay in replying.
You may be interested in EARN (EARNZ plc), formerly VDTK, which has just turned itself into an AIM cash shell (where there are much tighter time limits for cash shells than the main market):-
01/03/2024 07:00 RNS Regulatory News Verditek PLC Completion, Update and Appointment of Advisers LSE:VDTK Verditek Plc
"... Further to its announcement on 28 February 2024, Verditek plc (AIM: VDTK) announces completion of the disposal of its solar business, Verditek Solar Italy srl, the resignation with immediate effect of The Rt Hon. Lord David Willetts, Robert Richards and George Katzaros and the appointment of Bob Holt and John Charlton as directors of the Company. Further details pursuant to AIM Rule 17 and Schedule Two (g) of the AIM Rules for Companies are set out below.
The Company is now regarded as an AIM Rule 15 cash shell, having ceased to own, control, or conduct all or substantially all, of its existing trading business, activities, or assets. The Company will therefore, within 6 months, need to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14, failing which trading in the Company's shares on AIM will be suspended. Should the Company's shares remain suspended from trading for 6 months, admission of the Company's shares to trading on AIM will be cancelled under AIM Rule 41. ..."
06/03/2024 08:55 RNS Regulatory News Verditek PLC Change of Name Effective LSE:VDTK Verditek Plc
"Further to its announcement on 28 February 2024, the Company announces that its change of name to EARNZ plc has been registered at Companies House with effect from today.
The new name will be reflected on AIM and the Company's ticker will change to 'EARN' at 8.00 a.m. on 7 March 2024. The Company's ISIN (GB00BF2C0424) and SEDOL (BF2C042) will remain unchanged.
In order to reflect its new name, the Company's website address (including the information required by AIM Rule 26) has been changed to www.earnzplc.com. ..."
ST,
Many of the charts in this thread header are no longer showing, but that doesn't necessarily mean that they have delisted and gone bust.
It can happen for example when a company RTOs and changes its name.
No. 13 for example (FBDU) is now IQAI.
"13. FBDU (Flying Brands) 2.5p £0.7M. pid=quote&symbol=FBDU " |
TRD No 39 in the chart above.
The real growth is about to start. |
Well done. Keep the faith |
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