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XPS Xps Pensions Group Plc

-1.00 (-0.30%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Xps Pensions Group Plc LSE:XPS London Ordinary Share GB00BDDN1T20 ORD GBP0.0005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.30% 328.00 326.00 328.00 340.00 322.00 340.00 1,078,681 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pension,health,welfare Funds 166.79M 15.84M 0.0763 42.86 682.82M
Xps Pensions Group Plc is listed in the Pension,health,welfare Funds sector of the London Stock Exchange with ticker XPS. The last closing price for Xps Pensions was 329p. Over the last year, Xps Pensions shares have traded in a share price range of 183.00p to 340.00p.

Xps Pensions currently has 207,545,000 shares in issue. The market capitalisation of Xps Pensions is £682.82 million. Xps Pensions has a price to earnings ratio (PE ratio) of 42.86.

Xps Pensions Share Discussion Threads

Showing 2301 to 2322 of 2525 messages
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Anyone here noticed that MedDeb seem to be adding from the market above the offer price? Prior to Jones buying the L&G shares MedDeb owned about 4%. Since then but before PJ's official offer MedDeb doubled their holding to about 8%. Since the offer they have added (see RNS) and now have 104m shares. Another 9.5m delayed buy gone through at 0.645p. If that is also MedDeb they now have nearly 10% of the company. Maybe they don't like being ripped off. If they hold on to them the compulsory purchase (90% needed by Jones) at least would be off the table. It will be interesting to see if these large buys continue to go through. If one or two large shareholders like MedDeb capture 25% between them they could prevent the delisting scenario and force PJ to up his offer.
..a bad egg.
Graham. I invested here a couple of years ago so I will lose here but not that much. I really feel for those who put a lot of trust and money into this.
I saw a comment on another board that interestingly chairman Bob Wigley is also involved with Hibu......coincidence.

you always have to ask yourself about those business people that flock to the screen such as Sugar and Jones

In it for themselves perhaps ?

joe say
Agree Larry. Has been virtually no press about this bid. Hope it now gets some coverage and he gets slaughtered. Should mean that he can never again return with another listed company. And all the institutions who took stock at 5.6p now know he is a shyster
Well I am not a cynical person but it seems the share price has been trashed over the last two years, by apparent mistakes one cash payments etc. despite winning contracts that would seemingly offer future profitability. And it would be no surprise if the existing directors get good positions in the future organization (despite their "apparent" poor performance over the last two years).
The 0.62p offer is simply to ensure Jones will get at least the extra 22% to delist. 22% is held by a handful of shareholders including MedDeb and the directors. Some recent buyers will make profits, easy decision for them. The rest will have to suck it up and put it down to experience.
I would not be surprised in the least if, in a couple of years' time I read a press article about Jones selling this and making another £100m. He will probably even do a TV show about he came in and turned a failing company around blah, blah, blah....

So much for thinking that if a shrewd cookie like Peter Jones is buying the shares they will ultimately be a rewarding investment for us all. We didn't realise that he was going to end up with a majority shareholding and we were going to be stuffed. I wonder if he will he be making good the loss of those directors who "unanimously consider that the Offer is at a value which is appropriate to recommend".
dunna runna


Anyone here agree that 0.62 is a reasonable offer? Further does anyone think that the numerous negatives listed by the management are reason this company is worth only £8 million. Just interested in views.

"The Independent Expansys Directors, having been so advised by N+1 Singer and with due consideration of numerous factors as highlighted below, unanimously consider that the Offer is at a value which is appropriate to recommend".

Actually, just checked Medical Debenture paid 0.61p for their biggest chunk. This new bid gets them out without great loss of face, and even possibly a small profit. Or am I too cynical ?
Sell yr business to the Company at 5.6p, then a few years later buy it back at 0.62p. Brilliant if you can get away with it...........but make you no friends. I worry that the higher offer was not just to get the recommendation of the Board, but the level at whih one or two more may have said they would sell....Medical Debenture, if they are just trying to make a quick turn, might have paid an average of 0.55p tp 0.6p. This level gets them out for a tiny turn.......and would deliver another 10% to PJ
Graham , and if all don't accept he will easily be able to pick up what he needs to get to 75% and delist leaving long term investors high and dry, still at no more outlay to him than £3.4m whatever happens. He will probably split the company when suddenly it becomes very profitable in about 12 months time and sell off making another fortune for himself.
There we go...........increased offer, gets the recomendation of the Board and all who gambled on a higher bid and bought below 0.62p make a bit of money
Spoke to the Panel. Today is the day he has to announce and post his offer, by 5pm.....surprised nothing first thing.....wait and see
Agree with you Harvester, cannot understand why so little speculation. Buy at 0.525p and you have an exit with no downside. And he might ( heaven forbid) bid at 1p.

I think that he has to announce the bid tomorrow: that is 28 days after his first announcement.

He cannot treat it as his own, there are common laws ( not always enforceable)on protecting minority shareholders. Look at the dog PGY where WB owns over 80%.

What he might do is let the "bid" go through, see if a few are actually willing to accept this derisory price, wait for it to fall ( which it might if people think he will misuse it, or they do not want to be a minority, or just speculators getting out as there is no higher bid) and he could then just scoop up more. There are rules about having to re-bid if you already have a position over 30%, but I suspect at this level he thinks it is a steal.

I have said all along, I think there was a forced seller, no other buyer, he offered a derisory amount and was very happy to get the shares. The only inconvenience is having to make this bid, but even if he only gets a few acceptances, the cost of the bid ( ie expenses for lawyers etc)is worth paying for having picked up the L&G stock for nothing.

It is also in his interests to have kept a very low profile. Otherwise, had he made positive noises about the Company or his plans, the share price might have run away.

I am slightly concerned about the "Charterhall" defence, named after a bid twenty years ago. The Company repelled a bid by saying "trading has deteriorated, the balance sheet is rubbish, you would not want to buy us". The bidder got cold feet and withdrew. If the offer document details current trading as rubbish, and suggests the Co has no future, then there might be a rush for the exit. BUT the Offer Doc is PJs doc, it is NOT a company document, an ( in theory) he should have been arms-length from operations for the last month and the non-Execs have to repel him by saying the bid is too low.

all speculation: we should know more after hours tonight, or tomorrow

Harvester, look at my earlier post. I still believe this is entirely opportunistic from PJ. He was offered cheap stock, took it, was forced by the Panel to make a bid, will get no acceptances....and this will continue as a listed company with him just as a bigger shareholder. I am sure he would like it at this price....just cannot see him getting acceptances. However, I remain staggered by the lack of comment from outside world, lack of gossip, lack of speculation. The saddest thing will be if he gets the whole company just cos of mind boggling apathy from shareholders.....
I believe that PJ has to post his Offer document within 28 days.....which is Wednesday. Hopefully then we have a little more clarity on whatever it is he plans.......and at what price.......
Cannot understand why so little chatter on this......not even speculation about PJs intentions........who is the holder Gary Montgomery ? Medical Debenture do not appear to be buying any more. PJ has not bought any more or he would have had to declare. This is the most boring potentil bid I have ever come across.....anyone got any insights ?????
Graham: makes sense . My limited research confirms .
Two days ago a trade went for 1 million shares at 0.55 .
Seems a low-risk trade .
What would worry me slightly is that PJ already has >50% holding , i.e. overall control so that he can issue placings of new shares, control the remuneration package of directors , and run the company as his personal fiefdom .
The executive jet may already be on order ! :-)

harvester, I have not found ( have not looked hard) for the gossip as to what is really going on here....either on BBs or in trade press. I think ( only think) that the L&G stock came available, was offered to PJ ( as the only buyer) an, as he does believe this is worth a lot more) he took it for cash. Then, under Panel Rules, and only because of Panel Rules, he was forced to make a bid at that level. Nothing more ominous than that. If a few shareholders accept, he is happy to take more cheap stock. If not ( and at these levels, why would anyone accept)then he just has a bigger holding in his QUOTED company. It is not my belief that he is trying to delist it ( though ultimately if it is not valued more highly by the market he might want to); nor that he is trying to "steal" it at a derisory price ( though he would always buy more at this level if anyone would sell them to him). The "Offer" price of 0.525p is at that level only because it is the price that he struck a deal with L&G.

I am suprised that there has not been more commentary, now this is in the spotlight, saying that it is a steal at these levels. Medical Debenture have taken that view, but if others really good drawn in, the price would be 1p++ before you could blink.

[All of the above does NOT excuse the vastly inflated original price, or let the mug institutuions off the hook for their taking stok at 5.6p]

no trades or trade prices listed today ?
only just found your response. Thanks for reply .
Interesting ! I have not taken a position since I know too little about the company . My investments are usually in big-caps but I may branch out a bit since the big-caps can be quite boring .The tiddlers are high-risk but can give good rewards if you take the time to do your research and time it right .

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