Team Internet Share Discussion Threads

[p1nkfish] 24/1/2025 15:04

Might get some news early next week?
A monday release would be interesting and catch a few off-side.
Wishful thinking.

[p1nkfish] 24/1/2025 14:59

I think they are eeking out more cash and a price >125p likely.
The 125p may have been pitched on the basis of what the buyer knew as an outsider.

If they sign some non-disclosure they may be shown the "secret" stuff for the future in order to be encouraged to reappraise their offer to something higher based on info that is not in the public domain.

Just my 2c.

[daveme] 24/1/2025 14:06

I suppose the thought is that since the remaining bidder has not pulled out by now then they are probably more serious, hence a 125p bid more likely.

[p1nkfish] 24/1/2025 13:02

Does look promising.

[ali47fish] 24/1/2025 13:00

boad not clear please expand

[boadicea] 24/1/2025 12:21

It looks like the steady buy-back may be exhausting the ready sellers.

[p1nkfish] 15/1/2025 18:23

Have we see the walk back finish?
TBD but interesting to see the price at close although volume not high.
Sellers may now be out.

[p1nkfish] 11/1/2025 10:37

Just noticed the 119.20 this week closed the gap on the 3rd Nov 2024 gap down that closed at 119.20 before the gap.

[boadicea] 10/1/2025 16:01

diesel - Not quite so.
The acquisition of Shinez was announced on 19th March 2024 and completed on 29th April.
The Kestrel purchase was on 15th August. But at that time it was still assumed that Shinez was a good acquisition and the difficulties were announced later.

[diesel] 10/1/2025 13:54

Agree with most of the above, but I assume Kestrels purchase at near 150p was before the disastrous purchase of Shinez.

[boadicea] 10/1/2025 11:43

Kestrel are key. They can block a SoA completely (75% approval required) and no acquiring company will want a 27% minority shareholder that refuses to be bought out.
We are just pawns in this game.
However, it has put down a marker. If its worth ~125p to an opportunistic chancer to whom Kestrel presumably said no, then, as pointed out above, itst value to someone with progressive ambitions for the company is likely to be very significantly more. Kestrel's implied expectations must be for a margin over their highest paid price.

PS: Kestrels top price paid that I have found is 149.93p.

[daveme] 10/1/2025 10:18

Tower Brook are chancers. They probably thought "That company looks cheap. Can we pick it up cheap and make a few quid?" As soon as they realised someone else was interested they weren't interested in getting into a bidding war , hence pulled out. There's so many more fish in the sea for them to catch.

The problem with bids from investment companies is that they are not prepared to pay any sort of premium for the company, whereas bids from real companies that want the company to grow their own company are prepared to pay more since they take a longer term view. Hence don't expect any bid from Verdane to be much higher than 125p. Unless Kestrel are prepared to sell for close to 125p then this current 'fun' will end pretty quickly.

[elsa7878] 10/1/2025 09:49

Surely any offer hinges on Kestrel. They own 27% and been buying a lot higher. Is 125p enough for them? Seems doubtful.

[diesel] 10/1/2025 09:44

You’re presuming that TIG have rejected the offer?

[p1nkfish] 10/1/2025 09:35

Probably have a line in the sand and will go no higher. They can't come back for a while.

BoD will be under pressure now to have a good reason to kill the other offer.

[diesel] 10/1/2025 09:15

Interesting to back out so soon, Edison say both these companies have been interested before so you would think they would have done a fair bit of research.

[p1nkfish] 10/1/2025 08:04

Let's see if price takes a hit.

[diesel] 10/1/2025 07:59

Looks like it.

[ali47fish] 10/1/2025 07:47

is the other one still on

[bulltradept] 10/1/2025 07:42

Approach gone.

[diesel] 08/1/2025 19:05

Interesting to see that this is not the first approach from these two.

[kingston78] 08/1/2025 18:56

Many institutions have bought large stakes, playing the short term game. Unless both deals have fallen through, existing holders at 118 p cannot lose for the deal to go through at 125 p , and more crucially much higher. With any other bidding games the eventual price will always be higher. I am looking for 150 p.

[p1nkfish] 08/1/2025 12:45

Might find out early if this suddenly jumps closer to 125p indicating the target has moved up. Until then I think it will probably bounce around here.

[kingston78] 08/1/2025 12:38

Further negotiations will probably see the final offer price be raised to 150 p a share.