Rpc Share Discussion Threads

[budgiekevin] 02/4/2019 16:16

Danbfc I am sure I read in the offer that if RPC makes a distribution in the period between the offer and the deal going through, assuming it does, then the offer price will be reduced. In other words it is the shareholders company at present but potentially all current profits are accruing to the buyer.

[danbfc] 02/4/2019 15:34

I understand that Berry's takeover date will be in the third quarter. Have Berry committed to paying the "August" final dividend in addition to the 793p offer?

[billywhizz1] 02/4/2019 14:13

I dunno, if the Big Guys reach plus & minus parity......who's left. Sub. us with DUP, yere never know !

[jeffian] 02/4/2019 11:45

Well there's plenty of like-minded shareholders here! (but I accept that PI's alone are unlikely to swing it and it will require institutional shareholders to resist the current offer).

[billywhizz1] 02/4/2019 11:11

I know it's over optimistic and a bit late in the day, and certainly in view of Berry's final offer statement, but Elliott still could find like-minded shareholders and threaten to block the deal unless more cash is produced. Don't forget, Berry still needs 75% of RPC investors to approve the offer to get it over the line.

[phillis] 02/4/2019 09:21

So much for my theory!

[phillis] 01/4/2019 13:10

B
let us see if anything is announced tomorrow
What caught my eye was regular buy lots of 500 shares at 792+

[jeffian] 01/4/2019 12:07

Yes.

As ever, the outcome is entirely in the hands of the institutions and I'm not particularly hopeful that they will resist this rather miserly offer. The largest holder, Standard Life, started this process by pretty well publicly inviting offers and also signalled that the acquisition strategy was compromised both by the Northern Trust accounting innuendos and the consequent low share price, so they must be minded to take the money and run. If the bid fails, the share price will undoubtedly suffer in the short term and with Management's growth-by-acquisition strategy blown out of the water, where would they go from here?

Like Phillis, I'm trying to see this as a win/win where either we soldier on as we were, or we get forced to take the cash and move on.

[bouleversee] 01/4/2019 11:26

Won't they have to declare that?

[phillis] 01/4/2019 10:49

someone (Berry?) is buying

[old_wheels] 01/4/2019 10:42

A NO vote from me too.

[bouleversee] 31/3/2019 21:01

0K. Will do.

[jeffian] 31/3/2019 12:49

Exactly what I have done.

[phillis] 30/3/2019 17:25

B
Vote no
You will still get your money if the Instis vote yes and it goes through

[bouleversee] 30/3/2019 16:47

I have actually received my voting paper from IWeb in today's post. Deadline for receit of return: 9 a.m. 12 April.

I wish we knew what the institutions were doing.

[squidsgone] 29/3/2019 12:39

Sneaking above the Berry offer price again ... hmm

[jeffian] 28/3/2019 10:32

HL haven't got their act together yet. Up until yesterday, it was still showing the Apollo bid. Today it just says "No corporate actions available". Anyway, plenty of time.

[squidsgone] 28/3/2019 10:15

My vote has now been registered

[billywhizz1] 27/3/2019 14:43

'NO' from me

[redartbmud] 27/3/2019 14:24

The document landed on my doormat today.
It seems like the sands of time are starting to run out - at 793p/share.

[squidsgone] 27/3/2019 14:00

That's a no from me

[jeffian] 27/3/2019 10:32

Yes, that was rather my view.