JB 9342
08 Dec 2016
Re: Tender Offer It's a bit more complicated than that!Do you hold your shares in a nominee (broker) account?Probably best to read the full document on the Electra site -[link]
Charityman
07 Dec 2016
Tender Offer Had a corporate notification today that an offer is being made to acquire my holding at a price between 4300 and 4650 pence or the striking price expiring mid-day on the 16th.
JB 9342
09 Nov 2016
Re: Electra to abandon trust status and ... Does anybody know what Electra Partners will do when their contract expires?
marconiman
08 Nov 2016
Re: Electra to abandon trust status and retu... [link]
marconiman
15 Oct 2016
Electra to abandon trust status and return £200m [link] See also the News for 14/10/16.
Simbr
16 Jun 2016
IPO ...note from Panmure Gordon & Co this morning: "This morning Hollywood Bowl (HB, 85% owned by Electra, 7.5% of NAV) announced its intention to float with expected admission in July with Electra (ELTA) expected to retain up to 50% of its 85% holding post IPO. If the mooted valuation is achieved, we estimate that ELTA will achieve a 40% net exit premium and enhance NAV by c£61.5m, 150p per share or 3.5%." scraped from Research Tree..
Richygm
10 Jun 2016
To go or not to go? Article in the IC today.
Simbr
06 Jun 2016
slug of investment performance Note out from Panmure this morning:"After mulling the possibilities, we have taken the view that the situation created by ELTA’s board combined with the investees’ fundamentals and maturity is likely to concentrate a sufficient slug of investment performance into the next 12 months such that the NAV performance will outweigh the strategic uncertainties... We tip our hats to the persuasiveness of Ed Bramson and Ian Brindle (elected to the fund’s board in November 2015). The 2015 circular arguing for their election to the board (unlike the defeated 2014 circular) made no reference to strategic change just that governance could be improved."
Simbrad
06 Jun 2016
Note out from Panmure this morning: "After mulling the possibilities, we have taken the view that the situation created by ELTA’s board combined with the investees’ fundamentals and maturity is likely to concentrate a sufficient slug of investment performance into the next 12 months such that the NAV performance will outweigh the strategic uncertainties... We tip our hats to the persuasiveness of Ed Bramson and Ian Brindle (elected to the fund’s board in November 2015). The 2015 circular arguing for their election to the board (unlike the defeated 2014 circular) made no reference to strategic change just that governance could be improved."
S17
03 Nov 2015
Sherborne now have over 30% - takeove bid imminent? Sherborne now have 30.68%. Takeover Code says;"The following is a brief summary of some of the most important Rules: When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained)."For full details of code see; [link] Not an entirely unexpected move. Should be fireworks at 5th November's General Meeting.
Richygm
09 Oct 2015
Re: There is a piece... Agreed. He could get out with a good profit, but will hit the price hard for the rest of us. It won't affect the NAV, of course, and will present as buying opportunity for those able to take advantage of it.
S17
09 Oct 2015
Re: There is a piece... Sherborne's presence has boosted performance, but how could it not when they've bought almost 30% in a relatively short time? They have made the board concentrate more closely on getting value. The discount may also have reduced because some may foresee a potential takeover situation. If Sherborne sell they'll still make a profit, but a sale of that sized holding would ensure a drop in the price, in which case many of those historic comparison figures might look quite a lot less attractive.Personally, I'm still with the board, but the Bramson sniping brings dangerous diversion to the management of the company. It needs careful watching. Bramson previously did rather well with his assault on 3is before withdrawing.
Richygm
09 Oct 2015
There is a piece... about Electra in the Daily telegraph.I have commented: I'm not sure of the reasoning behind this move. I have a small stake on Electra, and the company has performed handsomely. However, the discount is only in single figures, I believe. If it were, say, 25%, it would be a different matter. An immediate uplift of that magnitude would be worthwhile.
S17
27 Jul 2015
Sherborne now over 29% Personally I've been happy with Electra's performance and am now getting concerned that a CGT situation may soon have to be faced, whether I sell or stay!
S17
26 Feb 2015
Re: Sherborne Sherborne haven't given up and are raising more capital to up their stake and push for board membership - as a prelude to exactly what we can but speculate. So far their actions have paid off for them, and us! But will it be in our longer term interests? Time will tell.See; [link]
