Sepura Share Discussion Threads

[gregsc] 29/11/2016 09:05

Well, I've been called many names but never big balled before.
I bought 900K shares at between 12-15p, and even if there is a retraction, I am prepared to sit there and wait.

[sweenoid] 29/11/2016 07:48

Oh well no offer as yet....but there again no retraction either

This is one for those that are either in because they are shafted long term investors desperate to recoup at leat some of their money, or for big-balled speculators on a bet

[knobbly] 28/11/2016 21:21

Greg, I would think Hytera would want to complete due diligence.

If that takes 3 days fine. If it takes 2 months, then fine they apply for an extension. Why should they play to the irrational wants of us investors?

[gregsc] 28/11/2016 15:40

Can't believe that Hytera will wait until the 2nd to make a bid or walk away.
Chinese companies usually want a friendly takeover, and any short term instability in their share price to abate by the time their suspension ends.

[sweenoid] 28/11/2016 14:51

My guess is that there is little strategy at Henderson, rather , blind panic.
They really don't know what to do, call it hedging if you must , but having 'invested' so much in Sepura at much higher levels , it all smacks of an anxiety state to me
;-)

S

[bluecurve911] 28/11/2016 14:03

Yes, the reduction in the Henderson position also had me thinking. But then I figured that this investment is probably part of a fund, or funds, that have strict investment criteria. At the current share price, they have £8.8million invested in SEPU. If a bid came at 40p, they'd be looking at getting £17.6million in cash. They probably can't hold that much cash in the fund(s) for long, so they're probably hedging their bets now and getting some of this position reinvested. If/when a bid is announced they'd have a limited time to get out of this position and be reinvested to keep within their investment criteria. Reinvesting £17.6million into small caps at short notice would be a challenge, so best to start now. (Just my opinion, might be wrong....)

[billthebank] 28/11/2016 12:43

Niw 44million!!! No point in wir5ryying about it.que sera sera

[billthebank] 28/11/2016 10:28

Hope you are right guys but a reduction of 25% in their holding in my view is very significant!! Was over 6o Million recently now circa 45 million

[sweenoid] 28/11/2016 07:54

Never ever believe that fund managers have got a clue what's going on

I have only once trusted my 'hard earned' with a fund manager ...and once was enough to make me realise that like the majority of bb posters, they are oft muppets

They keep us waiting ;-)
S

[panic investor] 27/11/2016 20:30

Henderson are renowned for that - they trade in and out of stocks without appearing to know what they are doing - one day they sell the next week they buy - they never surprise me these days

[billthebank] 27/11/2016 19:46

The one aspect I dont get is why Henderson is reducing its exposure here!!!

[lastdrop] 27/11/2016 08:30

Hargreaves Lansdown Top of the stocks Sepura Plc
27tH November 2016

[apfindley] 25/11/2016 16:21

Well I did say buys after 4And got myself some more too58p is the target

[miahkaysor] 25/11/2016 16:05

Lots of buys going through offer price can't be far away now!!!Minimum 40p but talk of 50p amongst some of my ex colleagues in the city!!!!

[apfindley] 25/11/2016 15:59

Ready for some last minute bargain hunting after 4

[1gw] 25/11/2016 15:26

The thing is, it's a non-exec, not an exec, so beyond giving a bit of advice at board meetings where turnaround plans are on the agenda, and maybe overseeing the odd bit of work he's not going to spend much time on Sepura I think.

I tend to think it's to show that they are serious about turning round the business if Hytera (or someone else) don't make an acceptable bid - and are putting in appropriate board-level oversight for the turnaround plan. This is for the benefit of their bankers, their shareholders, and yes - I think it's also to try to demonstrate to Hytera that they are fully prepared to carry on if Hytera do walk away.

[sweenoid] 25/11/2016 15:26

dont agree
appointing this new non-exec can in no way be described as a double - bluff, Sepura have to go on with succession planning, they just cant sit and wait for a decision from China.

Non-execs of this calibre are not recruited overnight- this looks like the imperative of the new chairman aided by the interim CEO, that is prior to the bid.

until and only when a bid is made should the directors stop pushing this company forwards.

I make no bones about the fact this is a short term bet for me ( i am usually a long term investor) , having said that, and with my own due diligence I see real value in this company that is not reflected in the share price and oes much to the incompetence of the ill and absent CEO and to an overpriced acquisition that temporarily overstretched the companies resources. As such if worse comes to worse I shall hold for recovery, just added some more ;-)
S

[loss-leader] 25/11/2016 15:17

Of course the same news might be spun another way..

"We are going to turn down the offer, but are strong enough to get our act together and not breach the financial covenants"

or

Its a double bluff to get the Chinese to believe the above and pay more.

P

[sweenoid] 25/11/2016 14:12

very interesting and ANOTHER top-class appointment
to appoint a new non-exec who is all about restructuring THIS week and for him to accept the role is intriguing because he is a big hitter.

you can read it two ways, but this to me looks like deal is done and this guy will be helping with the reorganisation of business post takeover, as I said before Hytera will be buying the technology but perhaps more importantly buying into the top people at Sepura , any buyer- whoever it is will NEED to retain top people- look at this example of what the technology and people have been doing this week



Cambridge, 24th November 2016 - Andy Leeser has been appointed Non-Executive Director for the Sepura Group.

Andy is an experienced Chief Restructuring Officer with a proven track record of improving stakeholder value. He has 25 years' experience in restructuring and refinancing with a range of institutionally funded and quoted companies.

He has recently led the restructuring of the Bella Italia and Café Rouge restaurant chain, the LA Fitness gym chain and Stanlow Refinery, one of the UK's major infrastructure assets.

"I'm very pleased to be joining the Sepura Group," said Andy.

"Sepura has a highly credible product portfolio and a strong order book. I'm looking forward to working with the company as it reasserts its position as a global leader in the provision of critical communications."

Sepura's Interim CEO, David Barrass, commented:

"I am delighted that Andy is bringing his expertise to the business. His extensive experience will be an invaluable asset as we continue to focus on converting our strong pipeline of sales opportunities, reducing costs and improving cash generation."

S

[franki8] 25/11/2016 13:22

taking a little gamble on this, lets see how it plays out...

[sweenoid] 25/11/2016 11:12

the bid if it is coming should be sorted over the weekend, Hytera have had more than enough time to do their due diligence.

I am increasingly optimistic of turning a nice profit here and since the Sunday Times was given access to the original news of a potential bid , I would not be surprised if they are also the 1st to reveal what it is. Sepura is a great fit for Hytera , I cant see them looking at a gift horse and not getting on and riding with it ;-)

S

[apfindley] 25/11/2016 11:05

That's funny. Regardless of any takeover, we were told 3 days ago that....."-- Agreement reached with lenders to defer certain debt repayments, providing sufficient liquidity for at least the next 12 months"So company is financially fine for 12 months.Keep trying.

[ohdearohdearohdear] 25/11/2016 10:15

Apf is a very poor ramper.

You can currently sell your shares for 19.75p. The bid is 22p (max)....as I have said ever since the share price was at 27p and above. If and when the bid falls through, the share price will drop below 10p. The Company would then be in serious financial hardship (read the last RNS) and they will raise funds at below 5p a share. This is how it will pan out. IMHO of course.

There is not much time left to take advantage of the 19.75p that is on offer.