Xpediator Share Discussion Threads

[jonnywalker77] 02/2/2023 12:14

Will be difficult to recommend an offer at what would effectively be at no premium, particularly when China reopening is bullish for freight. On the other hand, they have a blocking stake so unlikely to see a competing offer unless at a massive premium, which is unlikely. Personally I’d be inclined to vote for the TO at 50p to get this illiquid stock off my hands.

[svend2] 02/2/2023 11:58

Gleach - Great news! The company has reached 40% of its 1 billion target turnover. With similar earning companies in the market, it won't be long before this goal is achieved. The board is likely already aware of this and may receive offers from the market for a merger or acquisition, which would strengthen its position against the current low offer from the majority shareholders.

[big7ime] 02/2/2023 09:10

This offer is just an annoyance now and holding it back. There’s no way I’m letting go of my shares. I expect either the board not agreeing to it and the bid being withdrawn or a significantly enhanced offer

[rimau1] 02/2/2023 08:29

Gleach - i spotted that too! The £8m was from 30 June’22 but in Nov TU still forecasting the same, so Q4 must have been storming as they say. Reading between the lines with my CFO hat on they have squeezed/ recognised as much revenue into Q4 as possible (using correcting revenue recognition standards of course) to be able to renegotiate the offer. As others have mentioned there must be an additional £2-3m of PBT over the £9m to be able to halve net debt.

[gleach23] 02/2/2023 08:12

Whilst it appears to be great news, slightly curious that at the start of November they forecast y/e debt @ £8m and it came in at £3.6m!

[mfhmfh] 02/2/2023 08:12

We're being ripped off at 42p. Minimum 70p. IMHO.

Dividend may also be resuming.

[74tom] 02/2/2023 08:07

Surely not a chance this bid succeeds now? Assuming 'significantly ahead' means £12-15m then this is trading on a current year PE of about 4?!

[gleach23] 02/2/2023 07:58

Some performance that. share price reaction will be interesting today.

[solarno lopez] 02/2/2023 07:49

Exactly Blackbear worth much more than the 42p currently being offered

[blackbear] 02/2/2023 07:43

Nice update forget 42p more like 80p

[big7ime] 16/1/2023 15:56

Extended, glad it hasn’t been finalised as opportunistic bid far too low.

[farnesbarnes] 13/1/2023 10:22

Staff at Delamode are a right bunch of reprobates

[svend] 11/1/2023 22:59

blackbear - I fully agree in this inflation environment the company is well insulated to handle the upward price challenges mainly in a positive way IMO

[blackbear] 11/1/2023 17:41

Not bothered if they don't make an offer maybe drop to 35p but onwards and upwards from there.

[svend] 09/1/2023 18:31

Let's hope another suitor gets wind of this opportunity and lets the bidding for the company commence surely the current board can find other prime investors in Europe as well?

[petewy] 09/1/2023 16:03

Thanks Gleach

[gleach23] 09/1/2023 15:10

In accordance with Rule 2.6(a) of the Code, the Consortium is required, by not later than 5.00 p.m. on 17 January 2023, either to announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer for the Company

[blackbear] 09/1/2023 14:44

how much longer to wait? deal or no deal..

[blackbear] 21/12/2022 23:00

There is no way he will get this for 42p.

[svend] 21/12/2022 22:54

Would be interesting if a hedge fund found its way into a bid?

[svend] 21/12/2022 22:51

Big7ime I agree anything less than 80p is a steal ;-)

[svend] 20/12/2022 22:44

Gleach23 > fully agree interesting month ahead otherwise the original majority owner (Stephen Blyth) may steal the path back to pick a real winner by taking it private and then doing the necessary steps to become a 1B turnover player in the forwarding business in Eu.

[big7ime] 20/12/2022 09:43

Worth much more

[gleach23] 20/12/2022 08:18

Would be good to see how well the new management team have got on top of the debt and UK first. TU due in Jan.