Sureserve Share Discussion Threads

[rivaldo] 15/5/2023 11:37

I suspect you're right igoe104 - thinking about it I may well hold SUR for a guaranteed few per cent return with no selling costs. From a personal perspective I'm certainly in no need of cash following the KAPE takeover and selling of substantial holdings in AVCT, CLX and ADF.

[drectly] 12/5/2023 11:17

The market feels like waiting a few weeks to sell and buy something else might not be my worst idea. It may become a worst idea if / when one of the alternatives is a t /o candidate before I buy.

[igoe104] 12/5/2023 09:16

If you sell now you get £123.7 plus costs. Whilst wait acouple of months you get £1.25 no costs.

Depends if you see something really cheap, and can't wait...

Its been a frustrating share at times, and going to drag every bit i can out of them..

[rivaldo] 12/5/2023 08:40

Might cash in myself soon - doesn't look like any further action/offers here. Oh well, it was a very good run.

[hsmith_08] 02/5/2023 20:03

Jsforum, where abouts can you find where slater invested recently? Thanks.

[pinemartin9] 28/4/2023 14:02

I've cashed out today. Thank you very much. Done well for me this one.

[jsforum] 27/4/2023 21:08

Agreed - take the money and look for a new bargain I've held since lakehouse was 30p so a decent return. I might see what Slater has bought recently. Theyre investments are worth following imho

[gargoyle2] 22/4/2023 22:37

The irrevocable undertakings do lapse if a third party offer for Sureserve is declared unconditional (see Appendix 3 to the RNS), but that's going to be hard to achieve with so much of the shareholder base having already signed up to this deal imo.

[knowhow77] 22/4/2023 15:43

I’m not sure this is even a possibility now the way the rns is worded (irrevocably)

[jsforum] 22/4/2023 13:51

Mears group might be a better fit

[1watty] 22/4/2023 12:53

It seems from some comments that the bid of 125p does not over-value the Company. In that case, perhaps another bid could be received but, in my ignorance, I ask what the time scale is for another bid to be received and could this be likely?

[dicktrade] 21/4/2023 18:01

They are printed as buys but they are in fact
sells .

[hsmith_08] 21/4/2023 16:52

Can anyone explain why there is so much buying today at this price 123? 1 million buy gone through

[marktime1231] 21/4/2023 12:58

Took Winks advice ... cash today is worth more than promise ... and sold up. Can't imagine a better bid. A nice gain, the proceeds very welcome.

[thorpematt] 21/4/2023 12:51

Rivaldo,
Thanks, yes I did mean RNWH. Historically very strong on the quality metrics, again it's a niche skillset in a market place where there is much to do. I call it a no brainer.

CAPD is one I held years ago, the CEO at the time would reply directly (and promptly) to any shareholder enquiry emails I sent. He is Chairman I believe now. It's done well.


I will look at those others, thanks.

Doobz, Antanatar,
Thanks for suggestions and comments. Time for some research.

[antanatar] 21/4/2023 11:42

Have to agree with Rivaldo regarding further investment both SYS and TST are good opportunities, especially SYS

[doobz] 21/4/2023 11:31

PM a counter bid might be unlikely, but given the strength of Sur I really think a failed bid here is very unlikely as well so seems pretty risk free if you wanna wait it out

[dicktrade] 21/4/2023 11:04

I have done my usual when i get a bid, sell half , 123.3, and keep half in the hope of a better offer from a new suitor, although that would seem very unlikely and obviously ATM there is no chance of an increased bid.
BTW all the sells being printed are virtually all buys.

[pinemartin9] 21/4/2023 10:44

I'm holding here and not selling in the market. It either collapses nd we know what the business is worth and value will out - this is a low risk chance. Or we get 125p in a few weeks. Or other bids come in, very unlikely but you never know...

[doobz] 21/4/2023 10:40

Thanks Rivaldo will take a look at the list of companies you listed. In my portfolio cnic is probably the most likely candidate

[stemis] 21/4/2023 10:28

You would have thought a trade buyer would have more synergies

[barnesian] 21/4/2023 10:28

I think the chance of a successful counter bid is effectively zero, given the irrevocable commitments.

Buying at the current price of 123.37p for 125p in ten weeks time is a 1.3% return (6.5% annual return). There is some small risk it will fall through so it needs to be discounted a bit.

I think I'll to hold for the extra return unless I see a better place for my money.

[rivaldo] 21/4/2023 10:23

Interesting:



"Although the 125p-per-share offer is well above where Sureserve shares were trading when markets closed yesterday, Peel Hunt research analyst Andrew Nussey said the deal undervalued the firm. He said a rival bid could not be ruled out, though he noted that other possible suitors would have already had a chance to kick the tyres."

[johndoe23] 21/4/2023 10:19

Think they mainly sells

[gswredland] 21/4/2023 10:09

Massive buys coming in!