Staffline Share Discussion Threads

[supercity] 04/9/2019 18:10

Which part do you disagree with?When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).http://www.thetakeoverpanel.org.uk/the-code/download-code

[gripfit] 04/9/2019 17:36

I disagree,,, take a historical look at FOOTASYLUM AND JD SPORTS

[supercity] 04/9/2019 17:33

If they buy another 35-36,000 shares they are forced to make an offer for the remaining shares.The fact that they have left themselves such a small amount below the 30% is a risky move as currently the minimum bid they will have to make is the highest price they have paid in past twelve months at 180pIf the share shoots past 180p and they purchase the final 35-36,000 above it then they have to bid at the higher price.Risky strategy

[dealy] 04/9/2019 16:54

probably they will wait for the results and the make an offer

[rr4528] 04/9/2019 16:45

Seconded! 300p not a penny less! Mesmerised by those with the mindset of being happy with 180!

[gripfit] 04/9/2019 16:32

GBH,,, I don't think £2 a share will do it,,,,, this was £12 + not long ago , and now its re capitalised and the week £ should see it at a £200 mill cap company ,,,therefore my £3 stance

[gbh2] 04/9/2019 16:25

Just speculating about options, I'd also like to see +200p if possible.

[mortimer7] 04/9/2019 16:24

So after todays RNS, I think HRnet need just over 37,000 more shares to take them over 30%. Worth keeping an eye on trades?

[knowing] 04/9/2019 16:07

Certainly best to be holding a few for a potential bid here.

[dansjhall] 04/9/2019 16:05

I doubt management would recommend a £1.80 takeover price and even if it went hostile I can’t see institutional investors selling at this price given the losses they would have to crystallise at that price.

[gbh2] 04/9/2019 15:50

IF 180p was the offer, IF there were no other interested parties and IF STAF turned it down I suspect it would turn into a Hostile TO, given they'd have a 30% holding.

[gripfit] 04/9/2019 15:45

Immediately I think

[mortimer7] 04/9/2019 15:37

If HRnet holdings goes over 30%, anyone know what length of time it is before they have to indicate their intentions?

[gripfit] 04/9/2019 15:32

I would be disappointed with a bid of £1:80 ,, £3 would be more acceptable , if the results are not as bad as the mkt is expecting

[metis20] 04/9/2019 15:10

Level 2 looking much stronger for past half-hour. 33k on the bid at 155.6p

[cocker] 04/9/2019 15:08

Let's say results prove to be better than expected, 180 will seem like a steal. Institutions hold a lot of stock and just because 1 or 2 are prepared to sell at 180 or less, doesn't mean the rest are.

[pieffect] 04/9/2019 15:08

I honestly can't see 180 offer being accepted but nevertheless that's where we are at..

[gripfit] 04/9/2019 15:07

£3/ share = mkt cap £210 million ,,, CHEAP or not ??

[gbh2] 04/9/2019 14:47

123, agree PIs might sell out in panic or even take early profits, but institutional holders buy and sell with intent and rarely in panic.

As I've mentioned before the TO price looks like 180p imo, however I'll happily take anything over that because I don't envisage a counter offer from anyone else - Again simply my opinion.

[dansjhall] 04/9/2019 14:38

29.95%. Ready to make a bid soon. Happy holding everyone!!

[123gmtrader] 04/9/2019 14:37

gbh2 - investors would of sold out in panic when they the share price was stagnant and they went into profit again. It is always the case of a share price slowly dropping on low volume and no news. Worry sets in.

The share price will not imo rise drastically until a firm offer is made. For many investors, it does not seem worth while buying in at this price if the likely offer will be 180p. 180p being the minimum they have to offer.

[sphere25] 04/9/2019 14:35

Interesting watch this. Been oohing and aahing about taking the plunge here.

On one hand you have HRNET who can't get enough of the stock, triggering takeover speculation, yet on the other you have other funds who are happy to give their stock away in size despite the potential takeover.

Why is that? Why are they willing to give their stock away at much cheaper levels if a bid is on its way?

Clearly they don't believe an offer is coming and the value of the stock will deteriorate from here once the results come out, as well as going forward with economies continuing their plunge down.

The other interesting aspect is HRNET have solely caused the strength in the stock recently, and with their bid now pulled (as they're sat at 29.95% and can't buy more without triggering a takeover) does the stock fall back with other funds willing to sell in size at these levels, or do punters provide some support and take a punt on a takeover.

What is stopping HRNET bidding £1.80 (with so many funds willing to sell in size down at these levels well under £1.80) and having their bid accepted. Remember the stock was trading near a £1 not so long ago so they have already offered a monster premium.

It's hard to say what the right move here is. Does the risk reward stack up?

With the recent takeover frenzy, you'd have thought a bid would materialise, but when?

After the results, which might cause a sharp deterioration in the stock. They're hardly going to be great reading and plenty of other recruiters and companies are warning about global growth.

So do they hit the button now and make the move today (or this week) or sit back and wait, let the stock fall back and then push the button, at which point the premium to the price is more willingly accepted.

I think there is a button ;-)

Decisions, decisions!

[cocker] 04/9/2019 14:32

I guess purchase keeps them below 30%, thus full blown offer not needed as yet. Rather be in then out as share price will react sooner or later

[gbh2] 04/9/2019 14:31

opps double click

[gbh2] 04/9/2019 14:31

growth, I'm wondering if there's only one major buyer plus we PIs of course?