Ultimate Finance Share Discussion Threads

[mbronco1] 06/8/2013 10:11

Probably done deal. Access to Renovo's funds and innovative Board changes will lead to much growth in the long term.

[shaka198] 06/8/2013 09:09

Anyone any further thoughts, is this likely to get 90% support or what?

[thetoonarmy2] 23/7/2013 14:44

Helium aint behind Renovo and Henderson just an investor , no I think someone from the industry will come out of the woodwork.

[shaka198] 23/7/2013 09:01

I understand Henderson are behind Renovo, now just a shell, but presumably this is all being supported by Helium, all very odd, they will of course need 90% to make it cut and dried, not sure how easy it will be to get that?

[thetoonarmy2] 23/7/2013 01:23

Who is really behind Renovo in this bid its certainly not the existing Pharma people, I believe someone from the Industry is behind this and if David Newton at Helium votes yes its a shoe in.

[shaka198] 22/7/2013 11:23

I will wait and see before deciding how to vote, although if the institutions are supporting, our votes are rather academic. Hopefully if the overheads can be controlled it will be good for the business.

[the shuffle man] 22/7/2013 10:04

Disappointing reaction as most investors here were expecting an all cash offer around the 30p mark.

Was in this for the long term so will wait for things to settle down so i can reassess.

I think UFG is a great business and its profits are growing nicely. Lets hope this can continue under the new ownership structure.

[shaka198] 22/7/2013 09:58

Agree the space is very interesting which is why we are there in the first place, but now a lot more snouts at the trough, just to access a bit more cash. Presumably there is no problem with existing Lloyds funding stream?
Will the dividend flow be maintained or just consumed and diluted in more overhead? A few questions I do not have the answer for?

[the shuffle man] 22/7/2013 09:35

Its the same business and run by the same management, just now backed by more cash.

Not sure if we are being diluted though.

[tiltonboy] 22/7/2013 09:07

Disappointing if you were looking for a quick buck, but good news for the longer term IMHO for the reasons The Shuffle Man has pointed out.

[the shuffle man] 22/7/2013 08:54

This could be a good deal.

The way i see it we still own UFG with the same management in place and now as RNVO havent used all their cash they have funds to inject into the business to enable higher growth and for additional acquisitions.

I think this space is still interesting with companies continuing to look for alternative funding sources that the banks are still not providing.

[henryatkin] 22/7/2013 08:44

I cashed in this morning. If I were a RNVO holder I would be questioning my holdings and dumping them as well - not that I would have held in the first place. That's why I decided to sell today, as Shaka says if the RNVO price drops the deal becomes worse than the current offer price. RNVO management has been pretty inept as to shareholder value to date so why would I have faith in them for the future.

[shaka198] 22/7/2013 08:31

Any hope of a counter bid within the trade?

If Renovo shares drop which is likely we will be worse off?

[shaka198] 22/7/2013 08:29

Looks like a stitch up to me

[foxman14] 22/7/2013 08:16

Prezzie looks like your worst fears have been confirmed. For what is worth I won't be voting in favour of the 'recommended' offer!

[123prezzie] 18/7/2013 18:10

I agree with 340r and it will be disappointing if UFG gets swallowed up in a bit of financial engineering by an outfit like Renovo. The UFG Directors hold about 14% including share options so, if it is going, let's hope they concentrate on negotiating a good share price and not on getting themselves juicy contracts and share options from Renovo.

[340r] 18/7/2013 08:48

I was planning to pop it in my ISA later this year and wait for a £1

[brownie69] 17/7/2013 21:47

Interesting development. I have been hoping they could grow the business further before attracting such attention.
My target price to accept is 34p.

[henryatkin] 17/7/2013 14:33

4x book value = 31p can't be less imho.

[the shuffle man] 17/7/2013 14:22

Seems like Renovo have £26m in cash so could pay a bit more than the current value and they already own 12%.

[davidosh] 17/7/2013 14:20

Possible takeover bid just announced. I only have a small interest here but a much larger holding in OPM. The whole sector has been alive over the last six months and bids will clearly perk it up even more.

[foxman14] 17/7/2013 14:19

Hmmm nice surprise. I'll take 30p thank you!

[shaka198] 24/4/2013 00:43

Market conditions are good for Companies like UFG, so good long term hold IMO, buy on any weakness.

[cfro] 23/4/2013 12:11

Thanks for the article Henryatkin. UFG still on my watchlist.