Stanley Gibbons Takeover Rumours (SGI)

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Stanley Gibbons Takeover Price

Stanley Gibbons Takeover Forum Posts

augustusgloop, I thought the same, so have just had a quick check on the takeover regulations, and that appears to be correct. If Phoenix were to make an offer for SGI, they would need to bid 2.5p minimum per share for the remainder. I'm hoping their 2.5p/share investment means this is the base level now, so we shouldn't drop below this, under normal circumstances. Using the same simple calculations as in my post 3510, for the share price to reach jasden's 20p level, the turnover would need to increase to nearly £120m which is quite a jump from last years £42m.
SS or anyone! Doesn't the current price get divided by .42 from now on giving 2.31 as the current new price once the new shares are issued? Less debt but more shares. I am quite capable of getting these things completely wrong though!!! Jasdan this is a lifesaving injection not a share premium takeover like ARM. You are not thinking straight!
Restructured at 2.5p - End of story !! All still holding badly burnt - Takeover in all but name for 2.5p.
Itcm1, also, with a current net cap of only £6.5m at the current 3.5p share price, the stock is worth considerably more than in the accounts. As per the accounts, total assets = £41.8m even equity shareholders funds should be £8.35m! Current liabilities are only £28.8m because we are still reporting the Marketplace / Interiors / Guernsey liabilities in these results. Once they drop out at the next results, you are left with largely unencumbered total assets. There will have to either be a sharp correction by then in the share price, or we will definitely face a takeover. Frankly, the situation is so obvious I cannot understand why so many on here are set in the mindset that SG is due to collapse etc etc. They are clearly badly wrong - perhaps they are the unhappy ex-members of staff / holders of the Guernsey investment plans?
ALS: Jasdan has been told this many many many times - but he seems to be blind to facts - I know you are doing your best to help him save the last of his funds (unless he is just a wind up merchant - which I am starting to suspect) so may I suggest you stop wasting your time and giving him further opportunities to wind you up. Declaration - As advised above I was able to exit at approx 12p on the first rumours of a takeover - which then subsequently did not complete - Message received was that position was far far worse than suspected and I have seen nothing to change my mind - Best wishes for a profitable New Year but getting far harder to find potential recovery companies - too many punters chasing hopeless rubbish (imo)
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