Hardboy
06 Jul 2016
Could be worth investing At this stage the deal looks 99.9999% certain to go through at 42p. It is possible to buy at 41.25p. If it takes 2 months for the money to come through, excluding dealing costs that's equivalent to over 11% compound interest.In these uncertain times, that looks pretty attractive.
Hardboy
01 Jul 2016
Re: Interesting Buying at 41.999 with dealing costs to get 42 in a couple of months time does not seem a very good trade to me. I tend to agree - there won't be another bid, but it did seem as if the market expected one. I think I'll hold on at least for the timetable, then work out whether it is wroth selling before hand,
Looking for growth
30 Jun 2016
Re: Interesting The mm bid price may be above 42p, but if you check todays trades no shares were bought above 41.999p. So I'm not sure you are right there.I sold after the 2nd bid came in, because it coincided with the market crashing due to BRexit, and seemed some good bargains about to churn the money into.Be surprised if another bid comes in, although always possible.
Hardboy
30 Jun 2016
Re: Interesting So even after WSP have said they are not coming back with a bigger offer, still the purchase price is above the take-over price, so someone still expects top come in with a higher bid.
Hardboy
28 Jun 2016
Interesting The share price has gone up today, and the purchase price is now higher than the current offer price. That means someone thinks there will be another improved bid.That would be nice
Hardboy
27 Jun 2016
Re: wsp offer "On 25 May 2016, the boards of WSP Global Inc. and Sweett Group plc announced that they had reached agreement on the terms of a recommended cash offer to be made by WSP for the entire issued and to be issued share capital of Sweett"That effectively means the Sweett BoDs said they would recommend shareholders accept that offer, not - recommend it until something better comes along. If they felt there was the chance of another offer they should not have recommended the original offer. It does not stop them doing their best to negotiate the best deal they can, and saying it is the best deal available at that time, and short of an improved offer being received then they could recommend it. it's like being guzzumped. (No idea how to spell that.) There is nothing illegal about it, but it aint very honourable.
troy17
27 Jun 2016
Re: wsp offer Hardboy - I'm intrigued by your comment about the BoD not being honourable. Not saying I disagree but was hoping you would elaborate.With regards to the counter offer, hopefully we see a couple of more before a deal is finalised. All that holding has looked to pay off!
Hardboy
24 Jun 2016
Re: wsp offer They left it late in the day, but a counter offer has come - and of course it is better, so as a shareholder I'm pleased, but as someone who likes directors of companies I invest in to be honourable chaps I'm pretty disgusted. I won't be doing business with any of this BoD anytime soon.
Hardboy
08 Jun 2016
Re: wsp offer Well it does not look like there are going to be any counter bids (sadly) and now we have a timetable.If we do nothing we should get the money on 22nd July - about 6 weeks away. The alternative option is to sell now for around 34.5p. Doing a quick calculation - the difference between the 2 options including dealing costs is around 2%. 2% over 6 weeks. That's equivalent to about 19% p.a. Any sane person offered a guaranteed 19% return in the current environment would, I am sure, take it without thought.So I'm just going to sit back and wait for the money to arrive in about 6 weeks.
swarfega man
25 May 2016
Re: wsp offer well i am all out having just sold my biggest holding at 23p a couple of months ago. however had a 3rd left and sold today.Avg buy was 18p appx so not too shabby! Still wished I sold at the 60p mark!!No point in holding as I dont think any shares in the new co are in the offing are they?
Hardboy
25 May 2016
Re: wsp offer I suppose it is worth hanging on a little while to see if there is a counter offer - but I doubt it. My guess is the current BoDs believe they could get it back to the glories of 60p+ but see it is as a mammoth task, and are recommending the easy way out.
dazedandconfused
25 May 2016
wsp offer which had to come i guess...well off the 2014 highs of 60p plus, but shows what losing control of your overseas activities can do! mixes well into wsp stable of professional companies.
Hardboy
26 Apr 2016
Trading Statement I'm a bit surprised by the drop today. I thought the trading statement was positive. We know they've got some clearing up to do of past errors and these will involve one off costs, which will hit profits, but the underlying business sounds as if it is doing well, and future prospects look positive. (Provided they don't have any more fo pahs.) Nice slimmed down, well organised, business. 6.6% rise in sales. Still profitable despite all the one off costs. Healthy order book, some very impressive clients, manageable and reducing net debt, good pipeline. It's still a risky investment IMHO, but the upside looks a lot bigger than the downside from here.
Hardboy
08 Mar 2016
Today's news Is not good.They have just got over a time and money consuming legal dispute, and now they have a money and time consuming contractual dispute. It looks like they will not get as much for the sale of the business as they expected, and now they are going to have to spend time and paying expensive international accountants to agree how much lower the sale price is going to be. Expect a drop in share price at the open.
Hardboy
02 Dec 2015
Interims Figures are not good, but I am encouraged. It seems like all the mucky bits within the company have been cleared out, they have a clear focus & strategy where the markets are healthy and the future looks good; peripheral businesses are being offloaded, and a lot of uncertainty has been removed. Let's hope they get a good price for the ME business, then the picture becomes a lot clearer; and the indications are it will revert to a healthy growing business.
