Xpediator Share Discussion Threads

[gleach23] 22/5/2023 07:30

Perhaps not then arctic1854. Where did you get your info from?

[big7ime] 09/5/2023 10:55

Voting papers received today. Voted against both. Remember to contact your brokers to get them sent to you otherwise they can vote as nominees. Results come out after the event which, if scheme is unsupported will light the touch paper I should think. A higher bid is likely if this paltry opportunist one is voted against imo

[arctic1854] 04/5/2023 17:25

Final results to be published on 22nd May.

[mfhmfh] 26/4/2023 11:38

I emailed the company about when they would release results. No reply received.

[mfhmfh] 25/4/2023 10:45

still no full year results

[exbroker] 24/4/2023 15:16

Oddo are arbitragers it’s just a rate of return trade, but I would expect them to vote for the deal.

[big7ime] 24/4/2023 14:41

ODDO BHF is an independent Franco-German financial services group

[mfhmfh] 24/4/2023 10:48

Is today's 'Holding(s) in Company' significant?

[arctic1854] 18/4/2023 13:05

Alas, if only what you say were the case. As soon as a company starts using words like despite, you know that something could be up. I quote. "The company recognises the economic uncertainty and resulting potential headwinds created by the events in Ukraine driving up inflation and creating caution around business and consumer spending and constantly reviews its plans and performance to mitigate these," the directors said. It doesn't really matter how well the company has subsequently handled the situation. Sentiment over reality has damaged the share price. As for a downturn in the economy all you have to do is look at the figures reported. Increased revenues sure but a miserable profit margin and cancellation of the last dividend tell the story. I wouldn't put too much credence on the most recent trading update. Very possibly this was just an example of the directors looking after the interests of shareholders, by trying to put spin on a share price whilst under negotiations with Blyth and co. It may seem that I am leaping to their defence, but not really, I just believe in innocent until proven guilty. My interests and yours are aligned as shareholders. If you have evidence of wrongdoing, then present it, and if credible then I, and I am sure all the rest of the small shareholders would be fully behind you.

[big7ime] 18/4/2023 09:11

Except Ukraine hasn’t affected XPD nor has what some reckon a downturn in the economy which I don’t see evidence of, the trading update was quite clear. Management aren’t looking after the interests of shareholders which is what they are paid to do. But heh that’s now typical

[arctic1854] 17/4/2023 16:39

big7ime. You call it defeatist, I call it realist. By all means go off on some crusade. If you get a result then I would be a winner too. Before you do though, try and get some evidence of misdoings. All you have at the moment is that you don't like the price offered. That offer being for a share whose price is currently adversely affected by the tragic goings on in Ukraine, a conflict which has all the signs of dragging on and on. Add to that our own struggling economy, where transport is always one of the first sectors to be affected. So far we have had no meaningful comment from any director as to why they are recommending this offer. It might be prudent to wait and see what is said. A counter bid from some third party would be brilliant, there's lots of them out there, but so far I've seen no sign of any of them rushing to join the party. Yes my broker does send me voting forms for my holdings and I always vote, and for the time being my inclination is to see how things unfold with an inclination to accept the offer and move on to other things.

[big7ime] 17/4/2023 14:53

Incidentally the chart suggests a move to around 60p in short term anyway if bid fails, which I’d expect given the likely figures.

[big7ime] 17/4/2023 14:51

arctic that is the sort of defeatest attitude that means directors get away with such action. Institutions and PVte Invs alike should vote against and seek replacement of directors, I have seen it happen before so it’s not impossible. The latter should ensure their nominee brokers send them the voting papers as otherwise nominees will just vote for, that’s the downside of not really being on the share register

[mfhmfh] 17/4/2023 12:11

still waiting for full year results to see how strong/how much potential the company has.

[arctic1854] 10/4/2023 17:29

I've never previously posted on here, but feel inclined to comment on the XPD offer. Everybody seems heated about 44p, and rightly so. It does seem to undervalue the company I don't know, maybe by half. It is very odd that such a lowball offer would have the directors support. You then have to recognise that there are two sides to every story. Maybe just maybe this is a fair offer and they know something that we the small investors do not know. Were XPD a FTSE 100 company there would be ructions, but it's not. The space they occupy does not have the same expectation of reporting or accountancy The old boss would probably know this, and priced this offer accordingly. The directors may have been offered some dodgy inducement, who can say. The options for us could be to take our concerns to the financial conduct guys. We wouldn't win any vote. But really, what would be the point. Interminable delays at the cost meanwhile of any decent share price, to eventually get nowhere. It seems to me that the best course of action would be to put this one down to experience, and move on using the money on something better. Should anyone be curious I have an average purchase price of 42.6p. So yes I would be in profit, but barely. Hardly worth the bother. Regards and GLA.

[niklol] 06/4/2023 19:25

Do we know the voting date?
I will vote against.
Losing big time here

[svend2] 06/4/2023 17:36

I 100 % with you both on that front they are literally stealing the company away from us the small fish.

[gleach23] 06/4/2023 17:01

Agree with that Big7ime...I would have expected us to be nearer 60p by now if it wasn't for the bid...and one tranche of shares I bought in 2021 would be in profit instead of a current 25% loss

[big7ime] 06/4/2023 15:24

Can’t believe they haven’t increased their bid! But they are taking a gamble - You used to get a white knight in these circumstances. Being sold off on the cheap so undervaluedassets I reckon you are well within your rights to suggest that. The Ukraine war hadn’t affected them as feared - share price reaction was overly cautious and the trading statement since should have got this moving, if it wasn’t for this ridiculous low ball bid which doesn’t get close to the true value imo. I’m holding tight for a counter bid which could easily come, nothing to lose and certainly not selling until it’s unconditional

[jonnywalker77] 06/4/2023 11:53

Had hoped for a 5 handle but it is what it is - could be worse a la Kape Tech. The overhang if this gets voted down would be bad given the senior management are backing this deal and (with Blyth) have a big chunk of the register. Loan note alternative hardly enticing at 8% in the current interest rate environment, but suspect they aren’t banking on any non insiders electing for it.

[undervaluedassets] 06/4/2023 09:37

if the board and management is recommending this then they are being "looked after" IMHO.

Why would you recommend a bid at 50% below all-time high Share price when in revenue terms we have just had best ever interims?

[big7ime] 06/4/2023 09:29

rimau I agree, well fishy. The board are not acting in the interests of shareholders. I will vote against
Holders make sure you inform your brokers to send you the voting forms.

[mfhmfh] 06/4/2023 09:06

1. RNS released before a long weekend when many PIs are away.

2. Full year results still not released. They were published on 04.04.22 last year. Let's publish these so we can decide further if the bid is fair or not.

3. On 14.02.23 they stated: 'The Xpediator Board has determined that, at the current time, and in light of the Company's recent positive trading update, it is no longer minded to recommend the cash element of the proposed offer.' An extra 2p offer has caused them to change their mind. 2p is hardly a game changer.

[gleach23] 06/4/2023 08:29

As disappointing as this offer is, that's the outstanding element...no counter bid forthcoming?