Vectura Share Discussion Threads

[base7] 26/5/2021 14:25

Agree Popper Joe & this is a great deal for Will & Mates as well as Carlyle .
Interesting to know what HIK make of it as if their project toons have them paying $100 mill+ royalties to Vec once Elliott’s genetics approved they may consider they can do what Carlyle will surely do & sell surplus assets & keep what they want & ,in the process ,pay 10-15% more for our shares .I have taken some off the table at 161pas I was overweight & bought more in March for around 110

[scotches] 26/5/2021 14:24

This bid will clarify if anyone else thinks there is any particular value here. The private equity asset strippers certainly think they can make a turn on this.

Long suffering PIs will be glad to get rid of this stain in their portfolio.

[fhmktg] 26/5/2021 14:13

Top ten investors control 37% of the shares in issue.Interesting to see who comes out pledging their holdings to the takeover offer....maybe learn more tomorrow.AXA ,Threadneedle and Aberforth are the top three.

[srpactive] 26/5/2021 13:26

Nice surprise here today.

[aceuk] 26/5/2021 12:52

Not sure about it being game over - private equity sure as hell won't be overpaying. Likely they will see value in breaking up and selling off the various bits to others so why wouldn't one of those possible others think they can do the same and achieve better value?

[pinemartin9] 26/5/2021 12:30

So are people selling up today and moving on or are you waiting for the meeting tomorrow and then deciding...?

[vecturaking] 26/5/2021 12:27

This Horse has bolted

This train has leaft the station

As this is an agreed Bid it’s game over

[gbcol] 26/5/2021 12:17

Yes but of a weird one today aceuk. On one hand, without a higher counter bid we have been stiffed again. On the other, at least it’s brought it to a close and personally I’ve done very well here, albeit should have done a lot better.

[aceuk] 26/5/2021 11:50

Second funeral I'm going to - got robbed by Vectura last time and robbed by them again this time. Shame they never had any idea how to make the business actually work 🤕

[vecturaking] 26/5/2021 11:38

There’s a very famous saying

If you haven’t been to the wedding

Why you want to go to the funeral

[vecturaking] 26/5/2021 11:33

Game Over

Unfortunately
Done Deal

No white knight

Finito

[dave129] 26/5/2021 11:28

VecKing - you've gone from uberbull to permabear ! What's happened ?

The market is pricing in expectation of another bid it seems - I agree with Pinemartin that this will flush out others.

[pinemartin9] 26/5/2021 11:28

Not so sure...Carlyle see an opportunity to build this up and then sell off much higher in a few years. They did that with QinetiQ when the government flogged it for a song. Carlyle bought it and then floated it a few years later and cashed in big time. That was scandalous. My point is that this is not the same. This is a listed company, not necessarily a done deal. Institutions will not be happy getting fleeced.

[vecturaking] 26/5/2021 11:18

The price will fall back after the ex dividend date

Also the share price will fall back
As it is a done deal

As I said GAME OVER

[pinemartin9] 26/5/2021 11:08

More to go here...I think the lowball offer has been badly received by the market. Other companies would like to acquire Vectura at this price or higher so this is ill judged by Carlyle. They've basically flushed out interested parties. If they saw value at that price with all the due diligence and cosiness with the Directors then clearly others in the industry who understand the threat/opportunity posed by Vectura will also see value and be interested.

I'm staying put and could see a revised offer or counter offer at least 20% higher over time. Happy days. Patience required a little here. Would I buy more? Hmmmm. Probably not. So it's a waiting game I think.

[popper joe] 26/5/2021 11:00

Boadicea, again, from the offer document:

"In replacement of the Special Dividend, the Vectura Directors have declared an interim dividend of 19 pence per Vectura Share (the "Interim Dividend"). The Interim Dividend does not require shareholder approval"

So no vote for the dividend.

[a1ord53] 26/5/2021 10:58

BUZZ – Vectura rises above bid price, chance of higher offer?
26 May 2021 10:37
* Vectura shares shoot up above agreed bid price of
155 pence, fuelling talk of possible sweetened bid or rival offer
* "The bid is easy to finance so might get a bit of a bump in the offer price," says one analyst
* "I assume some expect some kind of bidding war or that shareholders will reject the initial offer," a trader says
* The Carlyle Group is offering 136 pence in cash plus dividend of 19 pence for each share under offer terms which
Vectura consider fair and reasonable...
* By 0826 GMT Vectura change hands at 161.4 pence, up 32.3% on the day and 4.1% above Carlyle's offer

[boadicea] 26/5/2021 10:55

Can we vote for the interim dividend and reject the 136p offer?
This would get the div without the consolidation. (The directors might not like it but my sympathy is limited!)

[popper joe] 26/5/2021 10:50

There is a telling line in the offer document:

"The Vectura Directors have irrevocably undertaken to do (vote in favour) in respect of the 582,592 Vectura Shares that they beneficially hold (representing, in aggregate, approximately 0.1 per cent. of the issued ordinary share capital of Vectura"

They have virtually no skin in the game and should not be recommending. People on this board have larger holdings than their combined total.

[dlem] 26/5/2021 10:38

It is an opportunistic offer and a personal opportunity for the directors. They may pull it off, but if the shareholders reject the deal, the directors have effectively put the business up for sale!

[dave129] 26/5/2021 10:23

if it's game over why is it currently trading at around 5% above the offer price?

[dlem] 26/5/2021 10:20

The covid inhaler which did not get an rns!

[ny boy] 26/5/2021 10:19

Rewards for shopping here last year. This has been an enjoyable hold, don’t miss (SIXH) & (SNG), both solid buys imo

[cityfarmer] 26/5/2021 10:17

VEC (SKP) will certainly now get taken out but feel we may have a few twists and turns yet to come ..

[vecturaking] 26/5/2021 10:10

Yes Game over

Unfortunately for us Shareholders

Game Over

Vectura has huge uplift for those taking the business over


Just imagine that Covid inhaler vaccine
Will generate billions in coming years