Stobart Group Ld Takeover Rumours (STOB)

Stobart Group Ld Chart

Stobart Group Ld Takeover Price

Stobart Group Ld Takeover Forum Posts

23-09-2019
We have 46.7m shares in ESL which were 91p when we have them up as security for the bonds. So we got 55m of cash having given security of 40m with the bond holders getting an option to take the ESL shares in 5 years time and keeping the upside. We are still on the hook for the 55m and presume we would have to bank any cash from an ESL takeover and use that as security. Whilst we have this ESL uncertainty it’s unlikely that the SP will get beyond 1.45
16-09-2019
https://www.thisismoney.co.uk/money/markets/article-7468335/Troubled-takeover-target-Eddie-Stobart-warns-profits.html
https://www.thisismoney.co.uk/money/markets/article-7468335/Troubled-takeover-target-Eddie-Stobart-warns-profits.html
11-09-2019
ESL also announced that our bond holders who hold our ESL shares as collateral will have to disclose their holdings under takeover panel rules, so might be worth Keeping an eye out to see who these parties are
09-09-2019
Not sure how a takeover of ESL effects us, as we have charged the shares as collateral. I suppose we can’t vote in favour of a takeover as once our shares are sold, the bond holders will want more security. The ESL SP was about 90p when we raise the money, not sure any takeover will get close to this price. I expect them to offer near to the current SP prior to suspension.
Not sure what to make of the RNS this morning. Are they inflating the value of the energy division to pay out the management or is it really worth that much in which case Mr Market has got it wrong. I initially thought the very early rise in the SP to 145 was from the RNS, but I now reckon they were some novice investors buying in due to the takeover rumour as ESL. You can’t make it up. However, the pullback is to be expected given
Evening standard takeover report today
02-07-2019
Don’t think so Cgod. Woodford wouldn’t sell for such a low price if a takeover was in the offing. Let’s wait and see the RNS in the morning. My bet is on Cyrus increasing their stake.
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P: V: D:20191113 22:35:45