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Sepura Share Discussion Threads
Showing 3426 to 3446 of 3450 messages
|Now that German and Spanish authorities have concluded that the transaction does not meet the threshold for further review, what is the likelihood that UK authorities will conclude the same?|
|some interesting trades today|
|I hope for good news next week. Maybe from Spain. And the UK Government can not stop this takeover. I want my 20p to get a little bit back from what i invested the last few years. For Euro Countries the 20 p is becoming better each day because the pound is going up. We will see....|
|The reality is we don't have a solid base of investors in the uk,|
|what date is the annual report comming up???
|Hence the quick investigations as the security issue will not play a part in the takeover and the Spanish like the Germans will play a big part in that along with the government not wanting to see a British company fold with jobs at stake.17 a fair current price as the markets is portraying buys as sells.|
|It beggars belief that the UK competition authority will take until May to decide its position on this acquisition announced last December. With some considerable knowledge of the market, I can't see why they are interested at all. I can only assume that the top management of the company have failed to convince them of this. Par for the course?|
|The government clearly needs to cut the red tape by withholding a minor takeover and secure the jobs prospects in Cambridge.I have noticed buys have come through as sells at 12.10.The takeover is very cheap and there is no reason for the government to hold up the delay and a takeover will be allowed in the end by all parties concerned.|
|is this a more in depth regulatory hurdle or more of the same?|
|Things are starting to get very uncomfortable here. Banking covenants were deferred to mid-May. A decision from the UK competition authority won't be granted until the 9th of May. Who knows how long the Spanish will take?|
|Cheers for the assessment.|
|I've just put the following post on the subject on the L S E site.
RNS - Hendersons/Alphagen/Volantis
I think this has very little if any practical relevance, but as always I could be wrong so please do your own research.
To start with the Alphagen letter of intent was non-binding - it just expressed an intent at the time it was signed.
But it contained a paragraph which said that if Alphagen ceases to have full power and authority to instruct the acceptance of the Takeover Offer in respect of the Shares, then they would let Hytera (and the Panel on Takeovers and Mergers) know.
It has been public knowledge for some time that the Volantis team was moving from Henderson/Alphagen to another company. This was the team that was covered by the letter of intent. So all that appears to have happened now is that the team has formally moved and so can no longer make commitments (such as they were) on behalf of Alphagen or Henderson, and Alphagen can no longer make commitments on behalf of investments which transferred out of Alphagen with the move of the Volantis team.|
|hytera have put out a statement, not sure I fully understand the implications.
|lots of negativity around this at the moment with posters regularly posting gloomy scenarios and interesting how the share price took a last minute plunge just before close yesterday
despite the dire predictions, the rns this morning shows the banks are supportive. The covenant tests due end March were more of a worry for me than the regulatory position and it does appear that the lenders are supportive and want the deal to go through. It is reasonable to expect that they may extend the waiver another time if necessary.
The German regulators have now signed this off (which apparently was another big issue). I expect the spanish regulators to do the same in the next week or two - which just leaves the go ahead from the uk regulatory authorities.
Anyway, an interesting scenario and a fascinating 50% rise from the current share price to the agreed takover offer price.|
|I agree management haven't got a clue what they are doing here, their original timetable for the takeover completion was wildly inaccurate. Perhaps not entirely all their fault - but they are paying millions to lawyers for advice. The legal eagles really should have foreseen such difficulties and provided better guidance!
I still think in all this the retail investors are underestimating the risk of bankruptcy here. Sepura are already in breach of their banking covenants and thanks to the mounting costs of this takeover and an already weak liquidity position, as each day passes, they get closer to the edge. Everyone is aware of Sepura's difficulties, especially their large customers who I am sure are getting very concerned. As news of Sepura's desperate position continues to leak out, do you think they will be more or less likely to postpone/cancel orders for new equipment? In the event they have to buy, do you not think they will be using their knowledge of Sepura's weak financial position to squeeze them further? For me, there is a very real risk here that their liquidity position dries up and they are forced to declare bankruptcy. That is why I have to laugh at the retail investors who were angry at the 20p takeover offer. The likes of Miton and the former Goldman boys who have large shareholdings are not stupid and will have an ear closer to the ground than any of us. For them to accept the 20p offer indicates the desperate position that Sepura is in.|
|Hytera's biggest competitor, Motorola, has recently commenced legal proceedings claiming infringement of IPRs and trade secrets.|
|I agree they don't have much choice on the timing of the release of the news but that just emphasises the impression that they don't seem to know what's going on - and that the UK move probably was a surprise.
And following on from Shroder's post, the conspiracy theorists might think that someone in the UK Department was hoping the Germans would sink the deal, and when it looked like that wasn't going to happen they played their own card.
I remember when the Hytera price was revealed there was a fair bit of anger and disbelief on the LSE bulletin board with posters talking about writing to their MPs arguing for protection of British jobs and/or national interest. I wonder if some of that actually did get through and we're now seeing the consequence.|
|1gw - the company are obliged to release timely updates on this sort of thing. I suspect that they only learned on the intent of the UK to investigate this deal yesterday. My only surprise I have is that the UK didn't sooner investigate the takeover. Have the UK competition authorities merely been asleep at the wheel, or have the Spanish/Germans prompted them to take a closer look? It's certainly bad news, and the lawyers will continue to run their meter's at Sepura's expense.|
|It really feels like someone doesn't want this deal to go through.|