Sopheon Share Discussion Threads

[amt] 12/1/2024 07:21

So takeover is on schedule for completion very soon
The share price seemed to know already.

[hopeful holder] 02/1/2024 16:40

It's not like it has a ceiling price now is it....

[aimingupward2] 29/12/2023 22:26

It’s strange then, H.H, that the share price didn’t budge all day.

[hopeful holder] 29/12/2023 22:11

Huge buy numbers reported today, haven't seem volume like that probably ever from memory..

[aimingupward2] 22/12/2023 21:12

“£10 in cash per Sopheon Share“. So another 92.5p, or a bit more than 10%.

[battlebus2] 22/12/2023 18:33

YEP. An easy 10%. Money in the bank👍

[janeann] 22/12/2023 17:08

courtesy of sbs on the other thread..........



looks like my concerns re a non cash alternative are unfounded as that bits been removed. Your purchases may be very prudent battlebus

[sbs] 22/12/2023 15:59

(Let's hope the NSIA approval comes through soon!)

[sbs] 22/12/2023 15:50

Thanks! Looking good :-)

Merry Christmas to you and all other SPE shareholders too!

[milesn] 22/12/2023 15:19

Sbs…Merry Xmas

[sbs] 21/12/2023 11:59

Not many working days on or before 26th December (though that's probably a working day in the US). I'm assuming approval is from UK, so only the panel will.be around.So my money's on either tomorrow or, more likely, another extension.

[battlebus2] 20/12/2023 13:28

Better odds today. Won’t be long until we know if it’s going through or they issue another extension or worst case the deal collapses.

[battlebus2] 14/12/2023 18:14

Me neither.

[janeann] 14/12/2023 17:36

Cant see any reasons why they wont get clearance....

[battlebus2] 14/12/2023 16:48

Bidco won’t buy unless they get clearance surely. It’s not a done deal until so always a risk.

[janeann] 14/12/2023 16:16

well the bid price is gradually creeping down.......and I can no longer sell my entireholding .... do I read into that they dont really want to buy lots of shares so the deal is less likely to go through. To me if it were likely to go through Bidco would be buying all they could at a 12% discount?

[battlebus2] 10/12/2023 21:22

I hope it’s just wording to cover all possible outcomes. They’ve completed due diligence so it’s just a matter of clearance. It’s obvious the SPE board wouldn’t have agreed on a sale unless the £10 was cash imho but like everything there’s always a risk like clearance not being given.

Not for the faint hearted given it’s 10% upside or 50% loss if it doesn’t manage to go through.

[janeann] 10/12/2023 20:20

Could be a quick 10% upside battlebus. any views on the statement' Bidco reserves the right to offer an alternative form of consideration'?

[battlebus2] 10/12/2023 20:11

IMHO it will go through, just waiting on regulatory clearance sometime in late December. The delay in the PUSU maybe means the MM’s are reluctant to take on too much stock as sells vastly outnumbered buying. 🤞 as I’ve been buying a few.

[janeann] 10/12/2023 08:38

boadicea - thanks - your understanding of the language is the same as mine...but I am not convinced that Bidco's is. And yes the differential cf the offer price is a concern. Interesting too the other day I tried a dummy trade and couldnt get a price for just over 2000 shares -which makes me less positive it will go through. Prior to that I had been able to get a quote for all. The bid price had also dropped a couple of p in the last few days.

[boadicea] 05/12/2023 15:21

janeann - If their understanding of English is the same as mine, it appears that the alternative form is 'in addition', not 'instead of' cash, i.e it is an optional rather than a compulsory alternative.

Quote: "Bidco reserves the right to offer an alternative form of consideration, in addition to the cash consideration contemplated by the Possible Offer."

This is often done as a temporary option for the benefit of those who may find it preferable to postpone crystallisation of a capital gain until a later tax period. It probably does not mean the offer of alternative equity.
The slightly curious factor is the level of doubt implied by a discount of over 8% at the current price.

[sbs] 28/11/2023 13:03

Presumably the value of any non-cash component would be reflected in the SPE price.You can always vote against the offer or sell your shares in the market.They can normally only force you to sell if 90% of "shares" agree.

[janeann] 28/11/2023 09:07

Anyone any views on whether shareholders might be obliged to have a non cash alternative as part of the settlement…. If it goes through

[boadicea] 28/11/2023 08:10

It appears then that we are essentially waiting for regulatory clearance.

[sbs] 15/11/2023 20:07

Isn't your short working out ;-)