Rpc Share Discussion Threads

[ali47fish] 05/10/2018 17:18

Dr Smith- apologies never meant to be disrespectful- i appreciate your comments - in the end i did take some profits my policy here is rather safe than sorry.i hope you forgive me!

And thank you Squid for your response. very appreciated!

[dr_smith] 05/10/2018 12:22

Ali, you posted a few days ago and I responded with post 2160.
I noted in post 2162 you hadn't had the courtesy of my reply to help YOU in response to your post.
No thanks received from you but a comment that posts aren't what you want, yet you contribute nothing, not even politeness.
We ain't your slaves, gofers financial advisers - we are humans who expect mutual politeness.
Filtered.

[squidsgone] 05/10/2018 09:33

AliNo-one can comment on your particular circumstances and appetite for risk, and to be honest you should not be acting on any 'advice' posted in here.The facts are that 2 parties were in discussion - it is not general market information as to whether either or both continue with their interest. Both have until cop Monday to declare (or seek to extend), and you should not take the fact that neither have yet declared their hand as being more likely that either they won't, nor that it will be derisory if they bid.For what it is worth, I am holding post Monday either way, but not meant as advice.Good luck

[ali47fish] 05/10/2018 09:14

it' s incredible how unhelpful/confusing these comments are-to me anyway. i take it that the fact that no offer has appearted so far with the deadline occuring after the weekend that a low ofefer or none is the likeliest-i will wait just before the market closes and take a slice including the profits- in other words if there is a good offer that would be great and if not then i would have minimised my losses-again please comment if this is sensible!

[beckers2008] 04/10/2018 18:09

M,

You should learn how to read.
I made a profit in RPC. Sold at 7.70.
Happy to sit it out for the time being.
US involvement in GB co's rarely work out well.

[mauricemonkey] 04/10/2018 17:23

Lol @ Beckers talking his book again. Got significantly burnt once here, desperate to make it back.

🔥

[rhubarbcrumble] 04/10/2018 16:41

Why so many sells timed at 16.35 I wonder?

[beckers2008] 04/10/2018 16:03

US Hedgefund Blackrock steadily increasing their short.
2 US PE's showing interest?

PE offer £8.25 per share and if RPC don't take it the US hedgies amongst others will short RPC down to NT Fair value of £4.30.
Then PE will buy for £6.00.
Only problem is PE will need to wait longer. Are they prepared to?

Interesting times!

[squidsgone] 04/10/2018 15:49

Not moved enough to represent that Rhubarb

[oli12] 04/10/2018 15:00

Those in the know are prevented from trading so it’s unlikely... if news had leaked then we would know, the current trading volume is indicative. Not long to wait for some news given the date.

[rhubarbcrumble] 04/10/2018 14:46

With upwards of 4 million shares sold and no more than 700,000 or so bought, it rather looks as if those in the know suspect that there will no deal.

[squidsgone] 04/10/2018 10:24

.... and I agree, it will be known whether engagement is still taking place and that fact that the share price has held represents that.

I too am expecting some sort of offer, but there are two crucial elements of-course, at what price any offer will be and whether there will be a second suitor interested in a counter offer.

[squidsgone] 04/10/2018 10:18

Apologies - for some reason I thought tomorrow was the 8th .... need coffee

[dr_smith] 04/10/2018 09:56

"by not later than 5.00 p.m. on 8 October 2018"
..so we have until close of play on Monday.
I would expect market to watch for Monday morning anouncement for biggest non event contingent drop, and acknowledge tomorrow could well be co's anticipating that..but a lesser drop.

In my very limited experience on thse, market share price does reflect likelihood of deal, and presume they kow something, even though they shouldn't, so given the share price remarkable lack of volatility during this phase, I am expecting some sort of offer.

Dave

[squidsgone] 04/10/2018 09:39

Ali - I think you have omitted THE material point.

If no announcement today on bid(s) proceeding then tomorrows opening will represent that .... I expect that to be with a thump.

[ali47fish] 04/10/2018 09:29

well if nothing appears about an offer by tomorrow friday i am slicing my holding taking the profit saincetheannoucement and reducing the holding slightly-i feel this is a reasonable move either way-please comment on this and if i have omitted anything material!

[cashcow5] 04/10/2018 09:12

I was replying specifically to your post (which has disappeared?) regarding the level of detail needing to be agreed between now and Monday and your suggestion that it must therefore be happening or they would have said by now.

I think you are possibly reading too much into this as a lot of the detail would come after the initial offer in principal. That was my only point really.

[oli12] 04/10/2018 09:00

Yes they can request an extension.... ref diligence it depends on the type of offer binding or indicative LOI. In terms of the PE financing that needs to be sorted prior to any offer being made (PE groups risk as little as their own money as possible) these loan arrangements with a bank or banks in the event of a syndicated loan involves significant work - most of which will have been ongoing for months. Typically by this stage it would be common that some dilligence has been completed on the target.

Carrying out due dilligence is important however many acquisitions take place with rushed diligence notably when RBS acquired ABN Amro they kinda missed the dilligence part if you believe what you read.

[dr_smith] 04/10/2018 08:55

...and as someone posted above, extensions can be requested I believe.

[cashcow5] 04/10/2018 08:17

Re: 2183

I don’t think all of the detail has to be in place by the 8th, that’s just the deadline to either firm up their interest and move onto the next stage or walk away.

Due diligence for example doesn’t happen until later in the process.

[phillis] 02/10/2018 17:46

In the RNS announcing discussions I note that Credit Suisse has joined Rothschild as joint financial advisor
Looks serious to me ( and defensive ?)

[billywhizz1] 02/10/2018 15:32

I've been reading all the posts over the last few weeks with great interest. It's good to get other investors views. However at the end of the day we all have one thing in common and unfortunately that is, that we all know,just about as much as our cat knows.

[phillis] 02/10/2018 15:00

PEs dont make public statements on their business dealings to keep people like us informed until there is a done deal

It is just not the way they act - so you cannot read anything into it

[jeffian] 02/10/2018 14:44

I'm not sure it's an "argument", Phillis, it's just a feeling I get.

As you say, all the running has been made by the BoD. So far as I am aware, there has been no statement from either of the PE's named. The reference was to "preliminary" not "detailed" (as you said) discussions so there is no indication of how much "time and money" they are committing to this, if at all.

What kind of strategy is that? Well it's playing for time. It gets them through to their planned Trading Update on 8/10 when they will undoubtedly look to paint the rosiest picture of the fundamentals and limit any damage if no bids materialise.

As I think I mentioned before, RPC is the second largest holding in my portfolio and involves a considerable sum, so I'm not knocking it, it's just the way I see things. I am quite happy to ride out any short-term volatility arising from this 'bid' - phoney or real - in the firm belief that the fundamentals remain good and the company, and therefore the share price, will continue to grow in the longer term. Anyway, if I'm wrong and an acceptable bid materialises, I get the benefit of that so it's a 'win' either way!