Sig Takeover Rumours (SHI)

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Sig Takeover Forum Posts

31-05-2020
Will CD&R launch a takeover later this year? Epic dilution to date, I will put these on my stocks to watch monitor or now
28-05-2020
"In total, it could seek to raise roughly as much as its own market capitalisation of £160m from CD&R and other investors, one analyst suggested." "The buyout firm is likely to take a substantial minority stake in SIG, although it is not likely to be above the 29.9pc level at which a mandatory takeover offer would be triggered." so let's say CD&R taking 29.9% for £160m then 70.1% equity valued at £375m divided by the current shares in issue ~591m equates to 63p which is what the price was back on March 2nd pre covid happy with that :D
With funding now secured (as per article) can see this going much higher in coming weeks and months.Possible bidding war re takeover also between two intrested parties who will now have major holdings in SHI.
27-05-2020
Takeover bid, just saying not ramping and adding to the list of suggestions. I thought it was odd as well.
21-05-2020
adding to that, IKO Enterprises is a Canadian firm so a takeover wouldn't be blocked by Takeover panel!!! hTTps://www.bloomberg.com/profile/company/8137730Z:CN hTTps://www.iko.com
15-05-2020
Agreed - and the increase in equity swap is mostly independent of the decrease of direct shareholdings. That is a good tactic from whoever is behind them to get a reverse takeover (my opinion)
13-05-2020
equally as important is we have new senior mgt, with a proven track record of dealing with problems quickly and efficiently. He was brought in by Patisserie Valerie after they had found financial discrepancy on a huge scale, and within 4 months had tidied up enough issues to sell the rump of the business. I am very comfortable at these levels having this as my 2nd largest position. I am not necessarily here for life, but if there is no takeover (I suspect there will be) then within 18 months to 2 years we will all see significant upside from here (250% is my ambition) GLA
12-05-2020
Worth remembering IKO were adding a significant amount of stock in late Feb/early March when the price was between 50-80p and probably thought they were getting a bargain then. Always the possibility of a takeover. Next TR1 from JPM may shed some light.
11-05-2020
hTTps://papers.ssrn.com/sol3/papers.cfm?abstract_id=2192521Cash-Settled Derivatives (CSDs) have not been included in the calculation of crossing of thresholds according to the European Union (EU) Transparency Directive of 2004. However, the use of this type of financial instrument as a powerful takeover instrument has been widespread in Europe since 2005.
07-05-2020
I am on takeover alert already lol
IKO were building a sizeable stake in the company late Feb/early March when the price was between 50-80p ish. Surely they must be tempted at these levels. The buy volume has been high recently so does make you wonder who’s been buying. Surely not just PIs. Can you imagine the share price reaction should a TR1 land for IKO buying more? Everyone would be on takeover alert.
27-04-2020
Looks to me takeover is going on here. Obviously not the retail have been buying.
It?s a loss making company with turnover falling around 15 percent plus with the growth aviation business !!That?s pre Covid !!!Sales falling further without being shored up by the avaiatiin business Hence the big seller dumping stock.Needs a takeover .Sicknote
20-04-2020
It’s a loss making company with turnover falling around 15 percent plus with the growth aviation business !!That’s pre Covid !!!Sales falling further without being shored up by the avaiatiin business Hence the big seller dumping stock.Needs a takeover .Sicknote
17-03-2020
Its been a perfect storm unfortunately for them..... Two profit warnings Probe by watchdog into Unit disposal Probe by CMA into Kingspan takeover of Building Materials Sudden Departure of CEO and CFO Appointment of disastrous ex-Patisserie Valerie CEO, as interim CEO Delay in interim Results from mid-March until end April Canaccord Genuity slashing price target claiming its currently "uninvestable". Take your pick. No wonder its a bloodbath - who the hell is running this???
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