Rpc Share Discussion Threads

[squidsgone] 18/1/2019 08:02

If 8-8.20 is recommended then I think the BoD might as well resign, so I doubt it

[cool runnings] 18/1/2019 07:23

I fully believe an offer to come today ! 800-820 is my guess

[redlad77] 18/1/2019 07:13

Makes another extension unlikely!

Should get some sort of conclusion on this today.

[spot1034] 18/1/2019 07:10

No 7 a.m. RNS.

[gettingrichslow] 17/1/2019 22:15

Yes. Intrigued to know what else you thought it might be!?

[budgiekevin] 17/1/2019 21:24

Gettingrichslow is this your guess for tomorrow?

[gettingrichslow] 17/1/2019 20:37

900p bid tomorrow.

[jeffian] 17/1/2019 19:19

LOL! Well looking at the shares traded towards the end of the session, he's a well-paid employee!

[dr_smith] 17/1/2019 18:26

I reckon an opportunistic employee spotted a Chinese takeaway (or Bruce Willis) going into a packed board room. ;-)

[jeffian] 17/1/2019 17:50

Looking at the closing action, someone's hopeful about tomorrow but it doesn't make any sense to me to leave it until the 11th hour and 59th minute.

[squidsgone] 17/1/2019 12:57

#2547

Sort of depends on the level the share price is currently supported by the thoughts of a bid, and whether the confidence by the BoD to not recommend any offer is seen as confidence they can do better.

[jeffian] 17/1/2019 12:16

Well it's done the trick in stabilising the share price. We'll just have to see what happens if/when the support of a potential bid is removed. Hopefully, the focus will be back on the fundamentals, which are more than good enough to support the share price.

[dr_smith] 17/1/2019 12:06

Quite. Will we have Bruce Willis appearing for Hollywood style conclusion?
Impasse seems more probable now, yet share price remarkably steady and even increasing.
If it is impasse, would have expected news prior to deadline as courtesy to employees and others whose livelihoods are potentially affected, as well as enabling others to get on with plans that may well have been suspended pending outcome.
I'll shut up now and await tomorrow. ;-)
Dave

[dr_smith] 16/1/2019 16:13

Yep, I think we'd all agree with that, regardless of whether takeover is wanted or unwanted by PI.

[squidsgone] 16/1/2019 14:59

I'm guessing that if any offer has been currently tabled it is not strong enough to recommend - wonder what the BoD regard as 'enough' these days? I suppose there a re a lot of stakeholders to go around from confirmation of any offer changing, but don't really see why it should go to the wire of the period allowed (Friday).

Can't really see a further extension being appropriate - either it's there or it isn't, time to get on with running the business if it isn't.

[googly2] 16/1/2019 09:51

The recycling plant featured in Countryfile was the RPC site in Rhymney, South Wales. The other RPC site that handles agricultural waste is in Dumfries, Scotland. BPI invested heavily in both plants to specifically reprocess farm plastic waste which is heavily contaminated from farmers in the UK & Ireland. BPI struggled to obtain sufficient feedstock when China entered the market and started to pay a premium to obtain waste plastic so the fact China has now stopped accepting waste from the UK is good news for the two RPC sites although in the context of the total RPC business it’s only small beer.

[bouleversee] 14/1/2019 13:50

"Not another one", said Brenda.

[jw121] 14/1/2019 13:34

Budgiekevin, thanks for the insight....I was not aware and had assumed that the funding issue is what had been holding up the bid. So I am at a loss to explain why we are at the 14th Jan and there has neither been a bid nor notification that no bid will be forthcoming. It doesn't reflect well on the company's corporate advisors that this process has been allowed to drag on for this long. Agree that there are huge distraction costs being incurred all a time when the company can not afford to be distracted. Sorry to say that this has become an omni shambles.

[squidsgone] 14/1/2019 11:20

With a strategy until recently of acquisition, I imagine that with that on hold the same resources that would have been used have been turned to provide the data room and interface to the potential bidders(s). Although any external advisors would be costly, I would say the main 'cost' is distraction from running the business.

[jeffian] 14/1/2019 10:45

Indeed, Budgiekevin, it's just that others here cited the expenditure being incurred by the 'interested parties' as evidence that the bid was real, whereas I had my doubts. It probably won't be possible to break down the costs incurred anyway, but I shall certainly have a look!

[budgiekevin] 14/1/2019 10:39

Jeffian, they may not have incurred any costs underwriting Potential bidders costs but they will have incurred significant costs on their own advisors/accountants costs in addition to all the internal disruption caused by preparing the data room and answering questions. Regarding other comments regarding debt markets I do not believe this would be an issue as from previous experience the very large PE buyers will have a pre agreed facility with one or more banks to do deals and then refinance after the deal is completed. This allows them to move quickly on an acquisition although clearly this deal has been anything but quick.

[jeffian] 14/1/2019 10:02

As you know, I've never been convinced of the 'bid' story anyway - less a bid and more a desperate invitation to offer by a management seeking a White Knight IMO. If and when the offer period lapses without an offer, I shall be interested to see in due course whether the company have incurred any cost by underwriting the 'bidder's' expenditure.

[jw121] 14/1/2019 07:14

To answer the initial question.....I had been very positive about a bid coming over the last few months. However, with the company announcing that DD was completed back in Dec and with the debt markets closed in regards to funding of any such deal, i would now be surprised to see a bid materialise. Now that they is only one party in the running, there is no benefit to them waiting until the 11th hour before making a move which suggests they have been trying to put a funding package together but it has not been possible.

[redlad77] 14/1/2019 06:34

Not sure what is going on with RPC. Some say the board are looking to make further acquisitions and this has met shareholder revolt. The belief is by taking the company private they are free to proceed with this kind of expansion.

All I know is the share price has performed badly over the past 12 months and has been heavily shorted.

I would be happy to see a decent offer so I can take my money and put it somewhere else.