Superscape Share Discussion Threads

[abc125] 28/2/2008 15:38

sps will clean up when 3D phones become mass market (shame we might not see it):

"40% of all mobile phones shipped by 2012 will have (hardware) graphics acceleration.."

[juliehaylett] 28/2/2008 14:38

Thanks for that BG - dont know why I didn't - had the previous one but not worried as am just sitting back and waiting. As you say 10p per share with no dealing costs (well every little helps). Dont think there is now much chance of another bid but who knows.

[helen troy] 28/2/2008 14:35

me too. I'm hanging on until the offer goes uncnditional.

HoT

[edmondj] 28/2/2008 14:04

I still hold via Barclays, thankfully not 3%!

[beginnersguide] 28/2/2008 14:01

I am still holding as I will receive 10p per share and no dealing cost. plus something might turn up.
BG

[beginnersguide] 28/2/2008 13:52

juliehaylett
I am with the Halifax and received and an update dated the 19/2/08 with you had to submit your option before 25 February 2008 to enable us to process your instruction in accordance with the Company's timetable for this event.
Also for others was this para

Also, If Glu Mobile receives acceptances under the Offer in respect of, and/or otherwise acquires 90 percent or more in value of the Superscape shares to which the Offer relates and assuming that all of the other conditions have been satisfied or waived, Glu Mobile intends to apply the provisions of sections 979 to 991 (inclusive) of the Companies act 2006 to acquire compulsorily all remaining Superscape shares on the same terms as the Offer.
BG

[gmb] 28/2/2008 11:42

Barclays bailed out then!

[edmondj] 28/2/2008 11:27

Especially when it can take nominee brokers 5 days simply to read the client's instruction.

[man overbored] 28/2/2008 11:12

Sure, and so it is. But then why only a 5 day window?

[stephenwilson] 28/2/2008 11:02

With only a five day window in which to inform the shareholder of the extention and to receive back their instructions, they probably think its impractical.

[man overbored] 28/2/2008 10:58

A sort of resolution to my bewilderment as to why direct holders have not been advised of the 2 extensions to the acceptance deadline: the offer doc says that the bidder NEED only communicate this by RNS.

However - why would they not write to non-acceptors? It would seem a simple & inexpensive exercise and is certainly quite usual. Is it that they are confident of achieving 75% acceptances? Or that their thought is that alerting holders to the lack of acceptances may only encourage them to continue not accepting?

All very odd.

[edmondj] 28/2/2008 08:11

They may not bother because, prudently and in line with the rules, there will be ample time to accept the offer again if/when it is declared unconditional.

It is only Glu's snide tactics, pressurising/worrying PI's into accepting the offer on the basis they might have an illiquid investment if they don't accept formally by the next set date, that introduces the concern among shareholders. The brokers know it will still be possible to accept again, so why waste time on repeat communications.

[juliehaylett] 28/2/2008 08:07

I haven't even been given the chance to accept the offer this time - with Halifax and haven't had any contact.

[grahamburn] 28/2/2008 07:57

I don't think they can buy shares above 10p, as they would then have to increase the offer to every other holder....

[who needs lottery] 28/2/2008 07:54

EJ - I reckon GLU will buy shares in the open market above 10p today and tomorrow if you put an order in.

[edmondj] 28/2/2008 06:39

Whether to hold/trade or accept the offer formally has become an issue as much if not more to do with whether you want immediate (T+3) cash for other opportunities, also which tax year the loss (I assume for most) is established, as anticipating a white knight. Frankly I don't but ARM's seemingly reluctant stance to accept provides endgame intrigue.

[naed] 28/2/2008 05:13

GoodGrief,

As Paul put, it is in writting as an email.

[knowing] 27/2/2008 23:29

I sold a few today to buy some TPA after the update. I cannot see a white knight coming to our rescue and saw more upside to be had with the other one. Still holding quite a few of shall we say "mixed denominations" incase things should change.

[paul mason] 27/2/2008 23:15

GoodGrief - He has, has he not via email ?

[goodgrief] 27/2/2008 22:24

I'd ask for that in writing.

[naed] 27/2/2008 21:38

i asked my broker the implications of this offer to me as i'm overseas and don't have access to my share certificates, the reply was:-
If you are not able to do this, you will not miss out on the offer and will have to attend to it when you return from Benin. The offer has to stay open until all shareholders accept it and all shareholders have to be treated equally so you will be entitled to 10p per share.
I hope this is of some help to you.

[edmondj] 27/2/2008 20:16

Whatever... it's a weird endgame.

[paul mason] 27/2/2008 19:53

EJ - You are not suggesting that they have told ARM its a carve up, are you ??

[edmondj] 27/2/2008 19:44

All the stranger when two (ex?) ARM directors are on the SPS board.

[jaspoland] 27/2/2008 16:55

Agreed TBH not over yet. Would love to know what ARM are up to. Maybe, just maybe they are trying to get a few pennies more out of GLU? Can't see them buying SPS outright but they are trying something i feel. I would also imagine they are not happy with the way this cossy sps\glu deal has been done.