Syncona Share Discussion Threads

[sharejock] 20/3/2012 19:42

SPEKUL8: Rang about your shares? Not heard of that before. How odd? Please post if/when you find out who and why.

[spekul8] 20/3/2012 18:41

Someone rang today after my SYNC shares.
Unfortunately got a garbled message as the missus took the call and didn't take their number...grrr!

[sharejock] 20/3/2012 16:17

PTGInt: A theory I put forward, which is likely to be rubbish, is in effect this:
Sync shareholders may not wish to accept the offer, for various reasons as there's a bit of a poison pill element.
On this basis they'll be selling regardless.
Someone just needs to instruct an intermediary, sit back, whilst the shares are hoovered up.
As no-one knows there is a potential Cash Offeror in the wings, they get the shares more cheaply and probably more quickly.
They announce only when they have to which may be 30%.
Again, this may well be nonesense and, were someone hoovering up, it may well be peopleknown to Myriad tho not necessarily working in concert.
An interesting development is NZ Bank have filed some 8.3 Forms
which record both purchase and sales of shares. The latest form notes a resulting position with 12m shares all of which have no voting discretions.
We are unclear as to what this actually means and whether it gives indication of future intent or possible/likely scenarios.

[chinese investor] 20/3/2012 16:14

"Times today
Synchronica suffers setback

The withholding of a £6.4billion payment by Intertainment Media of Canada has delt a new blow to Synchronica. The Canadian group has also backed Myriad's attempts to buy th AIM-listed mobile messager. Myriad and Synchronica have been in a takeover battle since November that was bought to light after The Times revealed that the British company's chief executive had bought shares after an initial bid was received, despite not revealing the offer to the market."

[sharejock] 20/3/2012 16:03

Neubie: Good for you! You got everything you need now: wouldn't worry too much about Times article as they'll easily obtain that.

[ptgint] 20/3/2012 14:19

If there is another bidder, their leaving it a bit late to declare their interest as PI's will/are presumably pledging their holdings to Myriad in the abscence of an alternative.

[neubie] 20/3/2012 12:15

MattAB..that would be right..the correct mail address is [e-mail]

I have edited the original post aswell.

[mattab] 20/3/2012 12:04

Newbie - sent to presume William not Willaim. the Ted Newsome e-mail.

[neubie] 20/3/2012 11:42

To all here I have received a reply from the Takeover Panel and have been asked to call them regarding my e mails. The first mail was in regard to the articles on MEN online and the possible use by Myriad of information not available to the public regarding the Nokia payments. The second was questioning the share dealings of BZ Bank.

If anyone received the e mail from Mr Newsome (I didn`t) could you also send this on.

If anyone has links to the Times (?) article/s that started the questions regarding Angus Dents share purchase this would also be helpful.

I would appreciate someone sending me the relevant parts of the offer relating to the granting of options to the BOD in particular.

If any of you have views or other information that you think might help my discussion could you please send to [e-mail]

Thanking you in advance.

neubie.

[mattab] 20/3/2012 11:28

Maqsud,

In this Hot Sector where M&A is and has been rife I cannot imagine it would be difficult for the Myriad paper offer to be beaten.

If a cash offer comes in from another player that really would stir things up and I will only discount that when the remaining Sync shareholders have to pledge their shares to Myriad.

Still need to know who else has been buying - BZ have some but have also sold many as well - that someone has bought.

The player may have little or no shares but willing to pay 18 pence a share for example.

This is not over until the large lady sings and there is nothing that all of us would like more than to see Myriad be outbid by another they just cannot compete with.

[maqsud] 20/3/2012 09:05

Speculated assumption and food for thought...There's nothing to stop another bidder coming into the frame and offering a much higher premium to shareholders and repay loan to MYD.

Theres no loyalty when the opposite party intends to tarnish one's image and the wiser man could play them at their own game.

[mattab] 19/3/2012 22:52

Looking at the RNS's today and MUCH more to follow in the coming days.

BZ Bank Limited have bought shares on the open market and pledging shares presumably to the Myriad pot - the sales?

But if they have sold shares to whomever there has to be an RNS from the organisation that has bought them.

eg

5th March:-

Purchases 3,250,000 at 11.84

Sales 4,500,000 at 12.00


4.5 million bought at 12.00 by ????? - RNS to be released presumably. Now if that is Myriad buying have they not got to offer 12 pence in cash in the offer in that example?

1.25 million on that day less shares that BZ Bank holds from the previous day in that example. Hardly acquiring that many in their holding.

So who else is buying then - the net shares that BZ have acquired is no where near the volume traded.

[sharejock] 19/3/2012 15:44

the heed: I feel your pain ....on both counts!

[the heed] 19/3/2012 14:50

I'm a turn coat!
I have accepted for about half my position and will look to sell the other half into a closing of the two share prices next week.

nothing to say anymore... as if the rugby wasn't bad enough!

[neubie] 19/3/2012 13:01

I was also under the impression that there was a 9 day limit to declaring share purchases one of the RNSs was from the 3rd..or was I just imagining that?

[neubie] 19/3/2012 12:56

sdavis...if the owners of the shares had already accepted the offer their shares are no longer on the market...so I wonder what the voting discretion refers to?

[sharejock] 19/3/2012 12:50

sdavis: Could be, altho how do such shares get on the market?

[neubie] 19/3/2012 12:49

Have just sent an e mail to the takeover panel...will see what their response is.

[sdavis] 19/3/2012 12:45

i.e previous owner has already voted for the t/over..... I think.

[sharejock] 19/3/2012 12:43

rest: my thinking is based on the"without voting discretion"
Do you know what this means?



Class of relevant security: Ordinary shares
Interests Short positions
-------------------- ------------------
Number % Number %
------------ ------ ------------- ---
(1) Relevant securities owned and/or controlled: 12,310,000 7.76
------------ ------ ------------- ---
(2) Derivatives (other than options):
------------ ------ ------------- ---
(3) Options and agreements to purchase/sell:
------------ ------ ------------- ---
TOTAL: 12,310,000* 7.76*
* Of which without voting discretion 6,000,000 3.78

Edit: ALignment shot here. For the record its the full 12.3m which have the asterisk.

[restassured] 19/3/2012 12:38

Since when did Synchronica have preferential shares?

My understanding is that BZ are close to Myriad and therefore directly buying Synchronica shares could be seen as acting in concert.

Neubie,I think so.It all stinks.