Rpc Share Discussion Threads

[phillis] 31/1/2019 08:08

"It's the way things work"
Obviously an opininon

[dr_smith] 31/1/2019 08:00

"Berry announces that it is considering a possible offer in cash for RPC and has requested due diligence information from RPC for this purpose."

Wikipedia: "Berry Global, Inc is a Fortune 500 global manufacturer and marketer of plastic packaging products.[3] Headquartered in Evansville, Indiana,"

Wow. Didn't expect that - a nice surprise for those that didn't sell out like myself.
More waiting...but atleast perhaps this may have a more positive outcome for all, than an asset co buying and selling.

[warik] 31/1/2019 07:41

Berry Global Group Rpc Group Plc - Statement Re Possible Offer
Berry Global Group Says Considering A Possible Offer In Cash For Rpc And Has Requested Due Diligence Information From Rpc For This Purpose

[billywhizz1] 30/1/2019 19:48

Thanks Dr_Smith, very eloquently put.

[jeffian] 30/1/2019 16:53

Couldn't agree more, cashcow5. See #2927. Facts come from verifiable sources such as the RNS, a company's own website or the published Report & Accounts (although the latest CAKE debacle even brings that into question!). Bulletin Boards - even financial ones - are just chatrooms and should be treated accordingly. In My Opinion!

[dr_smith] 30/1/2019 16:50

Posters normally know if something they say is a fact, as in verifiable, or whether it is a view based upon experince, probability and expectation.
It is important to readers to know the subtle difference, and if something is opinion, it's good to know if it the opinion of a poster, a broker or someone famous.

To put opinion across as fact can lead to distrust... IME :-)

So good practice to state clearly when something said based upon opinion..as posters often do using
IMO, IME, etc.
If stated as a fact, be prepared for a reader to ask for you to back it up. ;-)

Dave




IMO :-)

[cashcow5] 30/1/2019 16:31

If it helps Billy, everything posted on this board should be taken as views and opinions rather than facts.

That’s just the nature of bulletin boards.

[whatsyourgame] 30/1/2019 16:01

Very little overall movement in RPC's share price today, but a chunky near 20 million shares traded so far, so clearly views are being taken on the likely outcome of the offer.
Maybe Apollo is the buyer and one or more of the smaller instis are bailing out.

[billywhizz1] 30/1/2019 15:36

Sorry you two, j & p. I know it looks like I'm sniping, but perhaps it would be wise in the future to pre-fix these type of statements with, 'In my view'. You pair put out some pretty good stuff, but occasionally perhaps you both get carried-away.... that's my view.

[phillis] 30/1/2019 12:13

Billy
Its the way things work

[budgiekevin] 30/1/2019 10:49

Did Apollo look at the RPC offer for BPI when they came up with £7.82? The average price on the 30 days prior to the BPI offer in June 2016 was quoted as approx £7.815
Nearly 3 years later and no improvement in the share price is pretty damning

[jeffian] 30/1/2019 09:56

Indeed. Welcome to the world of bulletin boards!

;-)

[billywhizz1] 30/1/2019 09:53

Phillis & Jeffian, That's an opinion, not a fact !

[jeffian] 30/1/2019 09:48

Because if the offer negotiated and recommended by the Board is rejected by shareholders, their position becomes untenable.

[boy john] 29/1/2019 20:25

Why will there be a new board Phillis?

[bouleversee] 29/1/2019 19:04

That's what I was hoping, assuming there is anyone competent enough and willing to take it on.

[phillis] 29/1/2019 18:30

If the offer is voted down there will be a new Board who eventually will decide the CEO's future

[bouleversee] 29/1/2019 17:19

Thanks, J. Have they bought since making the bid and if so how many do they own now? That could make a big difference as to whether it goes through or not and surely the instis. and other large holders could stop it if they wanted to. And if they did, what would happen next? Would the Board just put their feet up on the desk and do precious little till the share price went even lower and wait for another opportunity for a repeat exercise? It shouldn't be that easy, should it?

[jeffian] 29/1/2019 16:33

bouleversee,
That was the point of my story in #2914. Once a shareholder goes over 29.99% and is forced to make a general offer for the company, it is obliged to bid the highest figure it paid for any shares acquired in the previous 12 months.

In this case, Apollo didn't own any shares themselves prior to the bid and their 'concert party' had only a tiny proportion so it doesn't apply in this case.

[whatsyourgame] 29/1/2019 13:26

The RPC share price is holding up at 766p this morning, just about 2% shy of the offer price, pretty much affirming that thus far the market sees the offer succeeding as is.
What we, the refuseniks, now require is for another couple of sizeable institutional shareholders to go public in rubbishing the offer terms.

[jeffian] 29/1/2019 11:47

cashcow5,
Which, the last example? Well it was PSD where the Chairman and associates hoovered up a controlling interest over 50% and bid for the remaining minority at less than they had paid for their own shares only months before. The Chairman's own stake had stopped at the statutory 29.99% avoiding him being forced to make a bid at the price he had paid himself, but magically had the support of over 50% in his pocket when the bid materialised. I managed to research the other holders and went to the Takeover Panel saying that this was a 'concert party' which had secretly colluded to build a controlling stake in breach of the rules. They "investigated" and came back saying there had been no collusion. "Really?" I asked "How do you know that?". "Because we asked the Chairman and he said so".!! I kid you not. The other main shareholders backing him who had acquired their stake in the 6 months prior to the bid were..... his sister (using her married name) and the solicitor who was a Trustee of his family trust.

"just as each of us do ourselves on a much smaller scale." I don't think so!