Rpc Share Discussion Threads

[cool runnings] 23/1/2019 07:22

Only 0.74% acceptances from current shareholders , would suggest there is room for a counter bid IMO

[redartbmud] 23/1/2019 07:19

warik

Was there any need to post the whole document?
You must be mad.

[gabsterx] 23/1/2019 07:17

No need to spam the BB, just post a summary and a link to the RNS.

Under the terms of the Acquisition, each RPC Shareholder will be entitled to receive:

in respect of each RPC Share: 782 pence in cash (the "Consideration")


This is in line with the DCF and DDM values I mentioned in my previous post, no big surprise there. I've got a cost basis of 778 so I more or less break even plus the divi.

[warik] 23/1/2019 07:16

Reading the RNS it's con based of ending price avg price the BOD says 25% premium. We got less than when announced in Sept.

Will this be accepted by corporations who spent 1000p etc?

[cool runnings] 23/1/2019 07:14

Pretty much as I was expecting.

[warik] 23/1/2019 07:14

BID of 782p received from Apollo! Any reactions guys?

[cool runnings] 23/1/2019 07:12

A little lower than I was expecting but still within 2% of my estimate

[warik] 23/1/2019 07:07

782p that's better than 750p

[warik] 22/1/2019 23:06

Wow just looked at financials from March 2018 total liabilities nearly £2.86bn, Net assets £1.92bn to be fair never knew this until now.

We be interesting day tomorrow was hoping RNS 7am today let's see if we get it tomorrow otherwise back to square one.

[warik] 22/1/2019 22:41

in my view no problem however everyone blames Brexit which is so unfair.

[phillis] 22/1/2019 18:33

most of the business and assets are in $ and € so what is the problem

[warik] 22/1/2019 18:31

LONDON (Alliance News) - Brexit is making it difficult for companies to buy UK assets as lenders are shying away from sterling-denominated loans, Bloomberg News reported Tuesday.

Private equity firm Apollo Global Management LLC has, according to Bloomberg, had to fund the majority of its offer for FTSE 250-listed packaging maker RPC Group PLC in dollar and euro loans.

Bloomberg quoted people close to the deal saying the small portion of the deal that is funded in sterling is more expensive than the other currencies because lenders fear that a no-deal Brexit will damage the UK economy. This could cause the pound to fall further.

The same sources told the financial news agency that auctions to buy assets in Melorose Industries PLC and United Technologies Corp fell through earlier in the year as lenders were reluctant to finance the deal.

United Technologies cancelled the sale of its Chubb fire-safety and security business, citing "recent market volatility". Bloomberg said this was caused by prospective buyers coming in below expectations.

Sales of UK assets are down 76% year-on-year, at USD3.8 billion, with Bloomberg attributing this to bank lenders reluctance to underwrite UK company risk on Brexit fears.

Bloomberg quoted Eaton Vance Management portfolio manager Jeff Mueller, who said sterling is still attractive on a valuation basis "but the path to returns could be bumpy given the range of outcomes for Brexit".



On Monday, the Wall Street Journal had reported that Apollo is in advanced talks to acquire RPC for more than USD3.8 billion and a deal could be announced as soon as Tuesday.

Similarly, the Financial Times reported Tuesday that the world's biggest infrastructure investors have introduced a "blanket ban" on investing in rail, energy and water project in the UK.

"Several influential" infrastructure investors told the FT that the UK's "very negative" and "hostile" political and regulatory environment means they are "highly unlikely" to make any further investment in the country. They emphasised that this had little to do with Brexit risk, but rather was about government policy.



By Paul McGowan; [e-mail]

Copyright 2019 Alliance News Limited. All Rights Reserved.

[warik] 22/1/2019 18:25

Take it easy our BOD is squeezing Apollo to get every drop possible. Tomorrow morning RNS 7am deal done if not we have all day. At the most share price will drop but we still get dividends don't worry. I'm sure they want bonus too won't be cheap.

[bouleversee] 22/1/2019 16:44

They've sold us down the river just by putting the company on the market in the middle of this Brexit shambles. Absolutely invites a low bid. They should pull out now and get on with the job they get paid for.

[gambo555] 22/1/2019 15:24

warik - then no offer share drops- simples

[warik] 22/1/2019 14:58

What happens if the offer doesn't come?

[gambo555] 22/1/2019 14:36

My opinion.....lowball opportunistic offer today or tomorrow or no offer. Dcf model indicates 11£ share value so any 8ffer less than 9.50....The bod have sold us down the river to feather their own nests.

[warik] 22/1/2019 14:17

Not saying RNS for todays sold stock but a similar figure thats why i went and checked the time if anything hapenned.

[phillis] 22/1/2019 14:04

there cannot be an RNS for stock sold today

[warik] 22/1/2019 13:57

I dont know if anyone uses technical indicators or chart similar thing happened last friday when someone sold 500k plus stock at 657 and the chart shows it with little red line coming down to the value. I'm genuinely trying to understand why this happened and any clues??