Ripley94
06 Mar 2017
Re: 11.75p! And some more ( W ) ISA .. @ 13.375
Ripley94
21 Feb 2017
Re: 11.75p! And some more @14p
Ripley94
21 Feb 2017
Re: 11.75p! Again yesterday @ 15p
Meanbugger
18 Feb 2017
Re: How does this work? Ever since the recommended bid, this has been a high risk low reward situation except the nature of the risks hasn't been particularly clear. Sepura is a failing business and Hytera have made an offer with conditions attached. The delay caused by the competition authorities' investigations has now cast uncertainty over whether or not the bid will be completed. If the bid fails then a rescue financing will be essential as Sepura's business continues to deteriorate.The only way Sepura can be priced at the moment is by taking a view on whether Hytera will see the bid through to its conclusion or whether there will be more twist and turns. It remains incredibly risky although the potential reward has now increased to a 25% uplift on the bid going through.
TPE
15 Feb 2017
Re: How does this work? Thanks BB
Boring Bernie
15 Feb 2017
Re: How does this work? Two things have spooked the market1. The fact that the German anti-competition folkare unlikelyto have finished by mid-March and2. The statement that "Increased uncertainty as to timing may also impact Sepura's results for the financial year."Having (2) in the statement was a bit weird, it's basically signalling a profit warning, but, so long as the company remains a going concern, it's hard to see how it could effect the takeover.The longer it goes on, the longer people have to wait for their 20p, and there's that bit of doubt in peoples minds that it will happen. If it goes ahead, and i think it will, then it's a fairly easy ~20% profit to make, but, say it took six months, maybe people are thinking they could do better elsewhere ?I'm holding what I've got, but, even at the current sp ( ~16p ), I'm not inclined to add any more.
Ripley94
15 Feb 2017
Re: 11.75p! This buy shows as a sell... drewster on AVCT page told me yesterday this indicates a big seller in background. ??
Ripley94
15 Feb 2017
Re: 11.75p! Back in @ 15.75p
TPE
15 Feb 2017
How does this work? So now that the 20p is approved - why is the share trading 16/16.75p this says to me the market is not confident in the 20p per share else they would be filling their boots. What am I missing here?
Boring Bernie
10 Feb 2017
Re: Crunch day All resolutions passed. I can't help but feel that Hytera have got a bargain there, but no-one else looked seemed to look interested in putting their hands in their pockets so the short-term financial situation must have been pretty dire.
Meanbugger
08 Feb 2017
Crunch day I wonder if SEPU shares will be suspended first thing on Thursday morning. The shareholders meetings take place at 10.00 and 10.15. If shareholders don't approve the scheme of arrangement then there could be carnage in the share price. Surely Henderson aren't going to scupper the bid at the last minute? Less than 12 hours to go to find out.
charlieeee
19 Jan 2017
Re: What to do ? It is a money offer.Your shares in your account will be cancelled and you will be credited with 20p for every share that you had (and no dealing fees either)
silver tortoise
19 Jan 2017
What to do ? Assuming the takeover goes ahead,I've looked through the prospectus ,normally when a company is taken over the existing shareholders get shares in the new company,I can't see that anywhere,just says cancellation of Sepura shares on the 21st Feb are we left with nothing ?If so what's the point in hanging on to the shares now ,might as well sell !
Meanbugger
16 Jan 2017
Offer Update There should be an offer update on Monday 16th January as the scheme documents are due to be posted. Hytera still seem keen to proceed so everything should still be on track but there is always risk in these situations.
Meanbugger
19 Dec 2016
Henderson buying Henderson have now increased their holding to 13.83%. They haven't given any irrevocable to accept the offer and my guess is they are looking to block the scheme of arrangement. Hytera have reserved the right to switch to a conventional bid but they would obviously prefer 100% ownership through a scheme than have Henderson holding out as a minority shareholder.Henderson have form for taking large stakes in financially distressed companies and helping to refinance them - Redhall for example. Interesting.
