Revolution Bars Share Discussion Threads

[h0me] 29/11/2017 16:30

Something leaked?

[spot1034] 29/11/2017 16:22

Why would a share rise more than ten per cent simply because it's the day before the AGM, the date of which has been known for several weeks?

[crumppot] 29/11/2017 14:50

Fingers crossed.
Wonder if I will get an umbrella in mine!

[h0me] 29/11/2017 14:34

What are we hoping to get out of the AGM?

[crumppot] 29/11/2017 14:25

Looking forward to it!

[rimmy2000] 29/11/2017 14:11

AGM tomorrow,

[runthejoules] 29/11/2017 13:13

Oops, what's happening here did I miss an RNS?

[kazoom] 22/11/2017 22:26

It is I suspect one of those ironies. I do think that rejecting the bid was the sensible thing in the long term, but having done so the vagaries of the market kick back in and with weak UK consumer sentiment spreading I could well see this falling back to (or even below) the lows earlier in the year driven by the inept management.

Patience is the key, but for the moment I'm happy to be a patient watcher rather than a patient holder.

All just my opinion, but despite the apparent value I don't see any realistic trigger in the next few months to seeing that value realised.

The "predators" can read sentiment as well as the rest of us.

[aishah] 22/11/2017 19:13

Would be rejected again imo. Business worth a lot more. A bit of patience reqd. Dyor

[spot1034] 22/11/2017 07:40

The outcome of recent events was what no one wanted. The company was happy to sell itself, I'm quite certain most shareholders wanted to sell, and there were two parties wanting to buy. It was a regrettable set of circumstances that led to where we are now. The board didn't seem to negotiate very hard on shareholders' behalf and appeared a bit too keen to do a deal with Stonegate which made holders interested in possible alternatives. Then Deltic came along and at that point there was a huge amount of comment on the Stonegate bid being rather low which obviously made holders even more inclined to think they shouldn't sell at 203p. If Deltic had been strong enough to submit a cash bid, either that would have been accepted or Stonegate would have come back. If the vote on the Stonegate offer hadn't come right on top of the 'will they. wont they?' speculation on whether Deltic could put together a credible bid, I think more shareholders would have been able to reflect on events and decide to accept 203p after all and if Stonegate could now revive their bid I'm sure it would go through, but they are not allowed to do so. It's all rather unfortunate but hopefully it will be resolved eventually.

[turbocharge] 22/11/2017 00:11

The question is, is another bid eventually inevitable? If the answer is yes, then it would make sense to buy more shares if the price fell back to where it was before the bid. So what we need to asses is whether Stonegate are still interested.

[jeffian] 21/11/2017 23:30

There is actually nothing to stop either party coming forward with a revised offer if they can get the agreement of the board. As the "hostile" bidder, Deltic is prevented from submitting another "hostile" bid (i.e. one which does not have the prior acceptance of the board) for 6 months but Stonegate, whose bid was recommended by the Board but rejected by shareholders on a vote, can come back at any time, although a higher bid would almost certainly free up Deltic to counterbid.

The obvious behind-the-scenes solution would be for RBG (or maybe even Stonegate themselves) to have discussions with the major shareholders - particularly those who blocked the bid - about whether they really see RBG as a standalone business or whether they were just holding out for a higher price and, if so, what that should be. If the latter, there is nothing to stop the Board reopening negotiations to see whether that can be achieved.

My personal view is that Stonegate are playing a canny hand. Deltic are not realistic bidders IMHO for the reasons I have stated here previously, but the deafening silence from others both during and following the bid suggest that nobody else is really interested, in which case, why should Stonegate bid up the price against no competition? They seem to be content to let the price fall back to where it was before the bid to remind shareholders of the difference between what they think their shares are worth and what the market is actually prepared to pay!

[runthejoules] 21/11/2017 17:33

When's the earliest both companies are allowed to put in another bid?

[rimmy2000] 16/11/2017 10:57

yeah, I'm heading along. Beaconsfield.

[crumppot] 16/11/2017 09:25

Anyone going to the AGM on 30th Nov? Could be quite interesting.

[thevaluehunter] 15/11/2017 18:35

I'm probably going to get back in if it goes below £1.30

[barnetpeter] 14/11/2017 16:34

down again....where is the bottom? Falling knife it seems....

[barnetpeter] 12/11/2017 18:12

well I disagree.....but how many bids have been turned down only for the company to go broke. Doubt that is the case here but who knows what the next results will look like

[panic investor] 10/11/2017 12:25

BP - its a small chain most staff wouldn't even know what's going on and wouldn't give a damn as they serve people like any rest chain - do agree though this will head lower - not invested