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Share Name Share Symbol Market Type Share ISIN Share Description
RPC Group LSE:RPC London Ordinary Share GB0007197378 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00p -0.25% 798.00p 798.60p 799.40p 810.00p 794.60p 810.00p 4,489,294 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 3,747.7 316.6 61.6 13.0 3,253.44

RPC Group Share Discussion Threads

Showing 3126 to 3150 of 3150 messages
Chat Pages: 126  125  124  123  122  121  120  119  118  117  116  115  Older
DateSubjectAuthorDiscuss
21/2/2019
18:49
Thanks very much all.
cashcow5
21/2/2019
18:32
markth126 - probably for precisely the same reason that shareholders didn't rush to accept Apollo's offer of 782p. They think the company's worth appreciably more ... simples really! Berry ain't going to pick up this company for 800p per share. What a lot of latter-day commentators appear to forget is that the share price traded at more than 1000p not so long ago. OK, so we're not going to get anything like that, but don't expect us to get excited about 800p for what, after all, continues to be a successful growth company.
whatsyourgame
21/2/2019
18:14
Why is everyone not selling out now , 8 pounds will be the price sonwhata the point of staying around
markth126
21/2/2019
17:27
Yes Options get exercised and that would normally include Sharesave unless the rules specifically provide for something different
phillis
21/2/2019
17:15
Conventionally share options are fully exercisable on the company in question being taken over and I assume that is the case here. I feel sure that the Directors will have looked after their (and their colleagues') best interests!
whatsyourgame
21/2/2019
17:05
... although I doubt there will be entitlement for full rights (who's to say the employee would still be employed there when the option came to fruition?). However, maybe there are some terms that allow for a 'good leaver', not within their control,(as opposed to someone leaving to go and work elsewhere). I suspect the last thing any new owner wants is a disgruntled workforce from day 1, so, chance of something.
squidsgone
21/2/2019
16:41
Cashcow5; I would guess there are several variables. 1) Are the shares held by a trustee to be handed over to employee on x date. ( I can't see co buying shares off market x years later). 2) Any trustee would be hit in same way as a PI. 3) Company attitude to redress balance for employee is likely a grey area. 4) Whether co negotiate special terms with bidder for employee scheme is another variable. We see terms for pensions, but these are likely legal requirements, rules for sharesave schemes will be different. 5) There could well be tax rules on gaining benefit prematurely. Your friend should ask company the question. It's a perfectly reasonable question and fellow employees will share the same concern. Can't be nice working with a cloud over whats happening etc, so having official response is least they can do. IMO :-) Dave
dr_smith
21/2/2019
16:32
It’s not underwater, there is a profit of several pounds per share so it’s certainly significant.
cashcow5
21/2/2019
16:28
Cashcow5 you need to ask your friend what price the sharesave is because depending on when it started the price May be underwater which means it doesn’t matter what percentage they can exercise as 10% of nowt is the same as 100% of nowt
budgiekevin
21/2/2019
16:21
Does anyone happen to have any knowledge concerning RPC employees’ rights with regard to sharesave schemes please? If, hypothetically, there is a three year scheme currently in place, and the company is sold, is the employee entitled to exercise their full option early or does it work on a pro-rata basis (i.e. the employee has to forfeit the remaining number of shares at the point of takeover)? Wondered what the legal position is as Apollo seem to be suggesting in their offer letter that they will only compensate for the savings to date plus a further six months, which seems harsh as it only equates to around a third of the original option granted under the sharesave contract. Any info would be appreciated. Asking for a friend ;)
cashcow5
21/2/2019
16:00
I imagine that Berry are very relaxed about things ... if there really were to be another counter bidder one would have expected the party concerned to have disclosed its interest before now. Assuming they have assembled the necessary funding (which with Goldman Sachs behind them one assumes is the case), then their main task is to determine the price at which shareholders would accept their offer and it would be surprising if their advisors were not already putting out feelers to this end. One can reasonably assume that this is between 5.0% - 10.0% above Apollo's 782p offer, i.e. 821p - 860p, so yes squids ... 840p or +7.5% would amount to splitting the difference and keep everyone apart from Apollo and the RPC Directors sweet. It should also be remembered that with the passage of time (and there's certainly been plenty of that already) the company becomes inherently more valuable. Not vastly so over the short term, but even 1% is worth around 8p per share.
whatsyourgame
21/2/2019
13:13
I would imagine Berry would be wanting to avoid a potential future bidding war for an asset they want and if interested post DD will want to close a deal now, ie. the spectre exists that Apollo re-emerges in a few months time, so Berry will need to take advantage of Apollo closing themselves out for the short-term .... need to make it attractive enough for shareholders to accept now though, interesting. Berry know the industry, they know RPC, they know the potential synergies .... why wait for another Venture Capital co. to market an improved version to them and their competition in the future? My guess is Berry will go for it, £8.40?
squidsgone
21/2/2019
09:44
Aye, mate. The labours of Sisyphus.
jeffian
21/2/2019
09:33
Jeff Pushing the boulder uphill still? You are of course correct!
phillis
20/2/2019
23:09
billy, When it comes to matters of opinion, we can be as friendly and constructive as you like. When it comes to matters of fact, you can either accept what is put in front of you or produce alternative evidence to support your view. The LSE is a rules-based organisation and I've pointed out the rules I think apply in this instance. I'm afraid your "IMO" is irrelevant. "2.5 TERMS AND PRE-CONDITIONS IN POSSIBLE OFFER ANNOUNCEMENTS (a) The Panel must be consulted in advance if, prior to the announcement of a firm intention to make an offer, any person proposes to make a statement in relation to the terms on which an offer might be made for the offeree company. If a potential offeror (or its directors, officials or advisers) makes such a statement and it is not withdrawn immediately if incorrect, the potential offeror will be bound by the statement if an offer for the offeree company is subsequently made, except where it specifically reserved the right not to be so bound in certain circumstances at the time the statement was made and those circumstances subsequently arise or in wholly exceptional circumstances. In particular: (i) where the statement concerned relates to the price of a possible offer (or a particular exchange ratio in the case of a possible securities exchange offer), any offer made by the potential offeror for the offeree company will be required to be made on the same or better terms. Where all or part of the consideration is expressed in terms of a monetary value, the offer or that element of the offer must be made at the same or a higher monetary value. Where all or part of the consideration has been expressed in terms of a securities exchange ratio, the offer or that element of the offer must be made on the same (or an improved) securities exchange ratio; and (ii) where the statement concerned includes reference to the fact that the terms of the possible offer "will not be increased" or are "final" or uses a similar expression, the potential offeror will not be allowed subsequently to make an offer on better terms." "The Bidder reserves the right to elect (with the consent of the Panel and subject to the terms of the Co-operation Agreement) to implement the acquisition of the RPC Shares by way of a Takeover Offer as an alternative to the Scheme. In such an event, the Takeover Offer will be implemented on the same terms so far as applicable, as those which would apply to the Scheme..."
jeffian
20/2/2019
20:18
Sorry Jeffian, I disagree with you (in a friendly and hopefully constructive manner). Time will tell, so let's just wait and see.
billywhizz1
20/2/2019
19:48
Holding here too.
cheshire pete
20/2/2019
19:04
#3104/5/6, Oh dear, you're making it up again. "Why would they not give permission?", "common sense", "in shareholders interests" - because the Takeover Code specifically cites this example and says they can't. IC may say it's technically possible, but the Code says they would allow it only "in wholly exceptional circumstances". Are these "wholly exceptional circumstance"? No, because the Code goes on to talk specifically about the difference between reserving the right to make a higher offer or binding yourself not to increase it. Apollo chose to do the latter - and it was for a purpose; to bludgeon you into accepting a lowball bid in the absence (they thought!) of a counterbid. They've been caught out and have only themselves to blame. Nothing in life is completely impossible but it is extremely hard to see how they would get round this one without rendering the whole Code worthless. And billy, there is no difference between the Scheme of Arrangement or going down the T/O route. The bid is the same. Sheesh! It's like Groundhog Day here!
jeffian
20/2/2019
19:04
But they'll only do that if Berry comes up with a higher offer or in the absence of that their offer gets turned down at the meeting.
bouleversee
20/2/2019
18:28
bouleversee: Your last post is common sense and I 100% agree, IMO the T/O panel would hsve a duty of care to ensure that all share holders get the best deal possible in a competitive environment, so lets hope that Apollo ditch the present agreement route and go for the full T/O route option.
billywhizz1
20/2/2019
17:51
According to Investors Chronicle last week Apollo can re-bid at a higher price if they obtain permission from the Takeover Panel. What the likelyhood of getting permission I have no idea but at least the possibility of Apollo reentering the game with a higher offer may make Berry offer a decent premium to the current price. At least we should get some certainty in the next few weeks. I am staying in for the ride
budgiekevin
20/2/2019
16:49
Phillis - Not really though after Pat Val nothing would surprise me tbh.
bouleversee
20/2/2019
16:44
Indeed squids There will not be much equity in Berry for the executives
phillis
20/2/2019
16:30
oh, and should the Berry offer go through, I hope the Chairman and his BoD get what they deserve under consolidation into Berry. Shouldn't have recommended such a poor Apollo offer, and in doing so have indicated to their new Lords and Masters the limit of what they think they can achieve.
squidsgone
20/2/2019
16:26
Holding here
squidsgone
Chat Pages: 126  125  124  123  122  121  120  119  118  117  116  115  Older
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