Tclarke Share Discussion Threads

[igoe104] 09/7/2024 20:13

Finally received my funds late afternoon, all the best everyone. My funds are going straight back into two new positions...

[joeall] 28/6/2024 21:59

Thanks, to the both of you greatly appreciated.

[jaknife] 28/6/2024 20:22

She should expect cash from the takeover on, or possibly before, 9th July. That will be an amount of 160p per share.

The timetable was set out in this RNS:



The "Effective Date" was 25 June, see:



And hence, if you look in the timetable, the date that is labelled as

"Latest date for despatch of cheques and for settlement through CREST of other form of payment in respect of Consideration due under the Scheme"

and which equates to

"By 14 days after the Effective Date"

is 14 days after 25th June, which is 9th July.

JakNife

[igoe104] 28/6/2024 20:13

Your account will get credited with £1.60 a share probably within 10 days..

[joeall] 28/6/2024 18:08

My daughter has shares in this co.and she would like to know what happens next?

[janeann] 25/6/2024 07:23

interesting the 3 resignations......bet theyve done well out of stitching shareolders up.

[igoe104] 25/6/2024 07:11

I've managed to grind it out, even though I've been tempted to sell into the market. Just wanted to grind out every penny i could.

[18bt] 25/6/2024 07:05

Scheme of arrangement effective. 160p a share by 9 July.

[igoe104] 18/6/2024 18:11

So its £1.60 a share, upto 14 days from 25th June..

[tiswas] 07/6/2024 10:20

I assume that MS are just holding those for the buyer or can we get a little excited?

[bsdjj] 05/6/2024 09:59

Another hedge fund purchase of 1% of the capital yesterday.Long odds bet on a higher offer??

[tiswas] 21/5/2024 14:08

Sadly I can not see anyone trumping the 160p offer. Regent obviously have their 21% and management are probably rooting for them.

Question is sell and move on if it is dead money or hang on in the unlikely event that someone makes Regent pay more?

[thorpematt] 13/5/2024 17:06

Trading above bid + divi price.

Interesting....

[janeann] 13/5/2024 13:41

also voted against

[igoe104] 07/5/2024 18:35

Funds will except the deal. They have already consulted them before hand.

[geminian] 07/5/2024 17:24

Vote papers against, sent. Can only hope holders of enough shares decide to vote against. Probably too many for though.

[forensic] 07/5/2024 15:21

Voted against

[davebowler] 02/5/2024 17:26

IC view -
The exit multiple is hardly generous at 6.6 times earnings estimates and TClarke has net cash of £19.3mn, a sum equating to 21 per cent of the offer price. The fact that the final dividend of 4.5p is being paid is immaterial as it’s owed to shareholders for the 2023 financial year. I would vote against the scheme of arrangement.

[tiswas] 02/5/2024 10:29

The directors cash in a stack of options and presumably are being looked after by a long term major shareholder. I think they know exactly what they are doing, float it again in a few years time at double or treble the price and make a killing again.

[kneecaps2] 02/5/2024 10:04

Yes a very low bid. The directors must be insane to accept.

[18bt] 02/5/2024 07:35

I;m voting my shares against too.

[geminian] 01/5/2024 17:27

Having read an article on gg2.net where amongst other comments Deep Valecha says T Clarke is a well run company, my thoughts are that T Clarke is being sold off far too cheaply. While not holding enough shares to make any real difference, will be voting against the sale. Article found on Google search: Regent Gas Aquisitions - scroll down results to heading gg2.net - Deep Valecha’s Regent Group to acquire T Clarke for £90.56m - GG2

[petomi] 30/4/2024 17:00

I notice that Simon Thompson in the Inv Chronicle shares my view that quoting the historic P/E does not adequately reflect their prospects and thus serves to disguise the paucity of the offer:

"The acquirer states that the 160p-a-share take-out price equates to 11.6 times last year’s earnings per share (EPS), but it makes no reference to the fact that earnings were depressed. In fact, pre-tax profit is forecast to bounce back from £7.6mn to £17.1mn in 2024 to drive a 75 per cent rebound in EPS to 24.1p. The exit multiple is hardly generous at 6.6 times earnings estimates and TClarke has net cash of £19.3mn, a sum equating to 21 per cent of the offer price. The fact that the final dividend of 4.5p is being paid is immaterial as it’s owed to shareholders for the 2023 financial year. I would vote against the scheme of arrangement."

hxxps://www.investorschronicle.co.uk/ideas/2024/04/29/tclarke-s-cash-offer-is-easy-to-refuse/?xnpe_tifc=xuodbuP.4dQsbIojbdnlbMpsafeWaeiWhFW.RyPWVZ7DRuUcRdscVlBNEkscEkUZauUltu4vaMXDbuhuxFULhkesbDLuxkn8&utm_source=exponea&utm_campaign=IC%20-%20The%20Trader%20-%20Newsletter%2030.04.24&utm_medium=email

GLA

[tiswas] 25/4/2024 09:26

SO that is 3m odd of nil cost options that the directors can cash in if I am reading that right? Nearly £5m!

I had better not say what I am thinking!

[rivaldo] 23/4/2024 15:19

CTO ramping up the news flow this week. Let's hope it helps bring in more bidders....

Prestigious London contract win:



TClarke Healthcare tech in 80% + of all new UK scanning facilities: