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Wireless Grp Share Discussion Threads
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|Thanks shauney2. I was holding some in my ISA so scored in a modest way. That was my one and only first in the UKstockchallenge, so watch next month be an absolute stinker.
I know this may sound crazy, but was wondering whether BT may be willing to make a higher offer for WLG. Will hang on for now.|
|Well done Cragside on winning the stockchallenge.Hope you were holding WLG.|
|Yep, excellent news, happens too rarely for me. Done wonders for my entry in the UK stock challenge this month.|
|ITV WILL BE NEXT|
|Wow brilliant news.Apart from the Murdoch angle.|
|RECOMMED CASH OFFER
WIRELESS GROUP PLC ("WIRELESS")
NEWS CORP UK & IRELAND LIMITED ("NEWS CORP (UK & IRELAND)")
an indirect wholly-owned subsidiary of
NEWS CORPORATION ("NEWS CORP")
at 315 pence per share
-- The Boards of News Corp and Wireless are pleased to announce that agreement has been reached on the terms of a recommended cash offer (the "Offer") to be made by News Corp (UK & Ireland), an indirect wholly-owned subsidiary of News Corp, on the terms and subject to the conditions set out below, for the entire issued and to be issued share capital of Wireless.
-- It is intended that the Offer will be implemented by means of a takeover offer under the Takeover Code and within the meaning of Part 28 of the Act.
-- Under the terms of the Offer, Wireless Shareholders will receive, for each Wireless Share held, 315 pence in cash. In addition, Wireless Shareholders named on the register on 20 May 2016 will receive the previously announced Special Dividend of 6.15 pence per Wireless Share and the 2015 Final Dividend of 7.60 pence per Wireless Share, both of which are expected to be paid on 15 July 2016.
-- The Offer values the entire existing issued and to be issued share capital of Wireless at approximately GBP220.3 million, and represents a premium of approximately:
-- 70.3 per cent. over the Closing Price of 185 pence per Wireless Share on 29 June 2016, being the last Business Day prior to this announcement; and
-- 69.1 per cent. to the volume weighted average price of 186 pence per Wireless Share for the three months prior to the date of this announcement.|
|Good recovery today. Tipped (again) by IC's Simon Thompson yesterday.|
|A rather low key news item re Wireless Group's TalkSPORT Gets Three Premier League Packages. Would have expected some positive feedback.|
|Tipped in IC today:
Investors looking for income on the cheap should consider Wireless (WLG). The rebranded UTV recently sold its television business to ITV, narrowing its focus to radio and paving the way for a big dividend payout to shareholders, equivalent to 7.6 per cent, in July. The group has also slashed costs and should benefit from an improving advertising backdrop in the UK and Ireland. Yet its shares trade cheaply, undervaluing the revitalised growth prospects and a transformed balance sheet.|
|Broker Forecasts @BrokerForecasts 1m1 minute ago
Peel Hunt has upgraded Wireless Group to Add with a price target of 205.00p|
|Added to my holding yesterday.|
|Been holding these since early august, missed the declaration of special divi, was on hols.|
|Thank you zho for posting this article - appreciated.|
|Thanks zho but cannot read your link.|
|IC article from 5th March:
Declaration of Dividend
Wireless Group PLC is pleased to announce that the Board of Directors has declared a special interim dividend of 6.15 pence per ordinary 7 pence share (“Special Dividend”) which will be funded out of the net sale proceeds of the recent disposal of UTV Television. The Special Dividend will be paid on 15 July 2016 to all shareholders on the company’s register of members at the close of business on 20 May 2016.
This Special Dividend is separate to the company’s final dividend which will also be paid on 15 July 2016, to all shareholders on the Company’s register of members at the close of business on 20 May 2016, conditional upon shareholder approval at the company’s annual general meeting for 2016. Details of the amount of the recommended final dividend will be contained in the notice of the AGM which will be sent to shareholders in due course.
|look forward to seeing comments on our "new" utv co.|
|Again tks bbd, great to have a thread.|
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