We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sunkar | LSE:SKR | London | Ordinary Share | GB00B29KHR09 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.805 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
30/6/2014 17:36 | ADVFN Total looking like 10,093,302 LSE Total 3,590,486 Total 13,683,788 So far! | one day soon1 | |
30/6/2014 16:55 | I have just 27,500 for the 'noes' I'm surprised/not surprised they are showing such contempt for their PIs that they can't even be bothered with a farewell AGM for us. With the benefit of hindsight it is perhaps regrettable that the UK allows listing facilities for companies that really have nothing whatever to do with the UK in terms of assets, personnel etc, and just use its investors as a toilet bowl. | bogeybazaar | |
30/6/2014 16:38 | FWIW, I have a few, 16712 for the pot | daveelectec | |
30/6/2014 16:03 | Halyk update: - the offer price is significantly below our assessment of the fair value of the stock under the going concern assumption, the company is facing imminent bankruptcy risk if SAPC does not inject cash and the probability of receiving a higher offer from the a third-party is very low. In order for the offer to become unconditional acceptances must be received for not less than 90% of issued share capital. SAPC already owns and received irrevocable undertakings for 63.4% of issued share capital. The first closing date of the offer is set at 1pm (London time) on July 8. | danandrews | |
30/6/2014 14:38 | RNS Out more income due! What a cheek to offer such a small amount for our shares. Come on everyone lets fight back! | one day soon1 | |
30/6/2014 14:06 | Calling the AGM on 19th August three days after the expiry date of 16 August 2014. Board avoiding shareholder anger much? | danandrews | |
30/6/2014 12:30 | Not received offer pack either but it is on skr web site. Now have 3,590,486 on LSE! | one day soon1 | |
30/6/2014 09:34 | Re 15:00 on 4 July 2014 Has everyone even received the offer pack as yet, my broker is HSBC and still nothing. | danandrews | |
30/6/2014 08:44 | 1,135,224 already pledged as reject on LSE bb !! | one day soon1 | |
30/6/2014 07:50 | Agreed faza As far as I understand it if you do nothing then it is classed as not accepting the offer but if they achieve over 90% then they will be compulsory bought at the offer price. Looking at the snowball event now occurring on here and LSE and iii chat board It doesn't look likely to be a walk in the park for sapc! They thought they could walk a way with a huge asset for pocket money! don`t think so! GLA | one day soon1 | |
30/6/2014 05:53 | in which democracy not voting means yes I think in your banana republic but here it does not matter voting I do not know what are you taking about important is how much they have shares | faza3 | |
30/6/2014 02:05 | I think that they need 90% of the votes that are actually cast. So not voting as almost the same as a YES. Since SPAC and the Directors + loads held by their mates will certainly vote YES. | augustusgloop | |
30/6/2014 00:07 | I hold 130,371 shares which I am happy to pledge to the campaign. I'm not on LSE either although I have reported the same figure on iii. In response to topthat's question my broker has stated that 'As this is a voluntary event, we require an instruction from you. Should you wish to accept the offer for your shares, please provide us with your instruction by 15:00 on 4 July 2014. Please specify the number of shares you wish to accept on. If you do not wish to participate or we do not receive an instruction from you by 15:00 on 4 July 2014, we will take no action on your behalf.' From that I conclude that a non response can not be used by SAPC towards the total required for compulsory acquisition. The next question is will there be a mopping up operation to try to secure the total required and how far will they need to drive up the bid price in order to achieve their objectives? | the skipper | |
29/6/2014 22:45 | Every little helps ! Pls add my 88,774 to the running total, I'm not on LSE. Just one but important question for clarity sake. If a holder does not repond to the takeover letter, is that taken as a Yes or a No to the takeover. Is it an acceptance or a rejection letter? | topthat | |
29/6/2014 14:56 | I will call and ask takeover panel about a few rules and how it relates to us but if this is true we can without fear reject the offer on July 8 and see what happens they must announce how many shares they possess and then we can easily decide Any investor who hadn't accepted the offer then has a further 14 days to accept or to sell their shares in the market | faza3 | |
29/6/2014 12:41 | FAO Dan Andrew Hi Dan Have started a running total of rejectors on LSE. Have 925,0000 so far. But that includes my 275,000 as I got carried away In all the excitement and now realise you have put me down for 333,000 on here so to avoid confusion best to clear my 275,000 from your list so that they are not counted twice! Will keep you posted GLA | one day soon1 | |
29/6/2014 05:58 | Thanks faza for posting that timetable! I have in mind also that there will probably be hundreds possibly thousand`s of shareholders that have some shares and aren't aware of the situation so those shares will also count as rejecting the offer if they don't formally accept. The latest rns doesn`t make much sense either Have they or haven`t they been paid for the earth moving contracts? We are talking about millions of dollars that just does not appear anywhere | one day soon1 | |
28/6/2014 20:45 | Day 21 The earliest date at which a bid can close: it is at this point that the predator will review the responses. The initial letter will have identified the level of acceptance at which the offer becomes 'unconditional' (e.g. 50, 60 or 70%). Once the total of acceptances exceeds that level, the offer is declared as having gone 'unconditional with regard to acceptances'. Any investor who hadn't accepted the offer then has a further 14 days to accept or to sell their shares in the market. Should the acceptance level have not been reached after 21 days, the predator has the option of extending the offer period and increasing their bid. The increased bid applies to all shareholders accepting the offer, including those who have already accepted. If at any time the predator states this is the final bid or that no extension is available, they cannot amend the offer at a later date UNLESS a further party enters the bidding race | faza3 | |
28/6/2014 20:36 | faza i was simply looking at it from the 10.01% (34,145,111) of shares we needed in order to reject offer. Of this targeted volume we had 29.76%, which is obviously 2.976% (close to the figure you outlined) of total available. Agreed augustusgloop. However i would expect a follow up offer. | danandrews | |
28/6/2014 20:27 | hxxps://www.share.co 'Announcement Day' The bid is announced publicly and the predator has a maximum of 28 days in which to mail details of its offer to the target company's shareholders (posting day). 'Posting Day' (Day 0) The date on which the 'offer letter' is sent to shareholders. Counts as day zero for the purpose of the takeover timetable. Day 14 The latest time by which the defending company has to give its opinion on the bid. Day 21 The earliest date at which a bid can close: it is at this point that the predator will review the responses. The initial letter will have identified the level of acceptance at which the offer becomes 'unconditional' (e.g. 50, 60 or 70%). Once the total of acceptances exceeds that level, the offer is declared as having gone 'unconditional with regard to acceptances'. Any investor who hadn't accepted the offer then has a further 14 days to accept or to sell their shares in the market. Should the acceptance level have not been reached after 21 days, the predator has the option of extending the offer period and increasing their bid. The increased bid applies to all shareholders accepting the offer, including those who have already accepted. If at any time the predator states this is the final bid or that no extension is available, they cannot amend the offer at a later date UNLESS a further party enters the bidding race. Day 39 Last date available for the defending company to issue its final defence document. Day 46 Last chance for the predator to amend its final price. It may not at any time buy shares in the market above the offer price. If at any point along the way the predator acquires acceptances of 90% or more, it has the option to invoke compulsory purchase procedures for the remaining minority of shares. Day 60 A bid may remain open for a maximum of 60 days. At this point it must either be declared 'unconditional' OR lapse, in which case the predator cannot launch a new bid for another 12 months. If during a bid process another bid | faza3 | |
28/6/2014 19:37 | You have been stitched-up They spell out what will happen if you vote against. "In April 2014, SAPC wrote to the Company to express its concern, with regard to the Company's financial situation, and to seek to work with the Company to find a structural alternative to it providing further funding under the Letter of Support, in order to provide a more permanent solution to the Company's ongoing funding deficit, until sufficient funds were raised to progress with the plans set out in the DFS. As a result of these discussions, on 19 May 2014, SAPC put forward a proposal to acquire the minority interests in Sunkar that it did not already own, such that SAPC would own, on completion of the transaction, 100 per cent. of Sunkar. At the same time, SAPC confirmed that, should this proposal not receive the support of the Board, it was highly unlikely that JSC "Interfarma-K" would renew its Letter of Support for the coming twelve months or provide any further funding to the Company. Further to these discussions, the Board sought advice from an independent firm of accountants and an independent firm of insolvency practitioners as to the financial position of the Company under such a scenario. This advice confirmed the Sunkar Board's assessment that, without the financial support of SAPC, it was highly probable that the Company would no longer be deemed a going concern, would be unable to meet its debts as they became due and would lead to the commencement of insolvency proceedings and the Sunkar Shares would be suspended from trading on AIM. In the event that the Company enters into insolvency proceedings, the Sunkar Board believes that Temir would cease trading and would also enter into insolvency proceedings in Kazakhstan. Temir would then be unable to perform its obligations under the terms of the Subsoil Use Contract, which would result in the Subsoil Use Contract being revoked. If Sunkar were to lose its rights under the Subsoil Use Contract, it is the Sunkar Board's belief that Sunkar Shareholders would be unlikely to receive any value for their Sunkar shares. " -------------------- Personally, I think that you should vote against and see what happens. At least it will be interesting. I suspect that you will lose everything. But since you have already lost 95% from when I said sell. Is losing another 5% really that important? Go for it - at least they will have to work for their money. | augustusgloop | |
28/6/2014 19:27 | we have already 35.62% who has this what are you talking about can you count how did you calculated this | faza3 | |
28/6/2014 19:21 | dan please amend my total I just checked and I sold some over a year ago that I had forgotten I have 275,000 remaining Thanks | one day soon1 | |
28/6/2014 18:23 | If the 2m of Teck soon Kong`s are included then we have already 35.62% Just from this bb then I believe we stand a very good chance of successfully rejecting the offer Good work dan! I will see who owns what on LSE bb | one day soon1 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions