Ripley94
30 Jul 2019
Looking for something. MLC… XXXX Sold them all. Surprised to see them all lift today @ 685p the offer price . Some you tube video about hot shares on lse ( no time to be listener )
Ripley94
18 Jun 2019
Looking for something. MLC… XXXX No comments anywhere the price keeps hitting the offer of 685p might indicate higher bid to come.
Ripley94
08 Jun 2019
Looking for something. Hi Poleaxe did you keep them ?
Ripley94
08 Jun 2019
Looking for something. MLC… XXXXX Missed this going up 35 % yesterday , one i made a mistake on buying after missing important info. Looks like i am in profit now .
Ripley94
26 Jan 2019
Looking for something. MLC… XXXXX Third on list of least favoured sell recommendations by brokers ( "AJ Bell " ) sells. They historically are better with sells then buy tips.
Poleaxe
28 Jan 2018
Re: Looking for something. Here's the RNS from Friday afternoon:-[link] think City Developments are now restricted from increasing their offer for a period of six months (or is it 12?), unless another bidder comes along, which seems unlikely given that City have a majority stake.I guess the share price twangs about a bit first as people take in what's happened, then drifts along for a few months.
Ripley94
28 Jan 2018
Re: Looking for something. Thankyou poleaexe you were spot on.No RNS here but there is mention from stockmarketwire.Noticed Fridays drop of 5% to 537pI'm not bothered ( should i be ? ) As the city guys who wrote the letters you brought my attention to must think its worth more and chose to hold it.Do you think it will be a buying opportunity as it drops.From what you have previously posted they are not allowed to increase offer ?
Poleaxe
26 Jan 2018
Re: Looking for something. There's the lapse. Only 47.14%. Be interesting to see what happens now. Drift down I think for a while.
Ripley94
26 Jan 2018
Re: Looking for something. Any more news poleaxe ?See the price is up this week to around 568p
Ripley94
24 Jan 2018
Re: Looking for something. Share price @ 555 indicates you may well be correct Poleaxe.Not sure why the large holders are not buying more if they think the offer is to low ?I had to act by last Thursday .
Poleaxe
23 Jan 2018
Re: Looking for something. At the moment the offer looks set to fail. That 620p is not money in the bank!"As set out in the Offer Document, the Final Offer is conditional, amongst other things, upon the Offeror securing valid acceptances of the Final Offer in respect of more than 50 per cent. in nominal value of the Offeree Shares not already owned by the CDL Parties and of the voting rights attached to those shares. This Acceptance Condition is not waivable by the Offeror. As at 1.00 p.m. on 23 January 2018, being the First Closing Date of the Final Offer, valid acceptances of the Final Offer had been received in respect of a total of 49,972,306 Offeree Shares, representing approximately 44.21 per cent. of the Offeree Shares not already owned by the CDL Parties as at 8 December 2017, which the Offeror may count towards the satisfaction of the Acceptance Condition. "
Poleaxe
18 Jan 2018
Re: Looking for something. From 14 Dec:"A group of shareholders in Millennium & Copthorne Hotels PLC (MLC.LN) said on Thursday that they have written to the company's board of directors to say that they won't tender their shares to City Developments Ltd. (C09.SG), blocking it from reaching the acceptance threshold of its takeover offer. The shareholders--comprising International Value Advisers, LLC; MSD Partners, L.P. and its affiliates, and Classic Fund Management AG--said they represent an aggregate of 37% of the shares subject to the offer by City Developments, which they said was highly opportunistic and significantly undervalued M&C. "Sorry, I think the final, final deadline set by City is 1pm on 26th Jan, not 29th Jan, although they could decide to give up as early as 23rd. Perhaps they will get sufficient uptake, just there's a reasonable degree of doubt.
Ripley94
18 Jan 2018
Re: Looking for something. Thank you Poeaxe i did not know that i would guess however that the three shareholders you refer to are smarter then me, hold much more and must think the shares are selling to cheap.I fell better about my buys now.Patience is my key investment idea.
Poleaxe
18 Jan 2018
Re: Looking for something. My reading is that the offer may not get the required level of acceptance, being 50% of the approx 35% they don't already hold.You realise a group of three of the shareholders wrote to the company on 14th Dec saying they won't tender their shares? That was following the 'final offer' on 8th Dec. Their holdings amount to almost 13%. Their reasoning is that the offer grossly undervalues the company and is significantly below NTAV (City argues this is irrelevant). Add to this the other institutional holders and funds who simply won't vote and you see the 50% acceptance is not a done deal. Of course, this might just be posteruring but I doubt the three shareholders would change their minds because they knew City had already made their final offer, which I believe is legally binding for 12 months unless another bidder turns up.City have stated that the first deadline for acceptances is 1pm on 23rd Jan. They might extend this but they've stated they won't extend beyond 1pm on 29th Jan. So you see, there is some short term risk, which is of course why they're trading at 11% discount to 620p. It's likely to move by 15% or so either way in about 10 days time, so a bit of a dice throw. The sort of thing to considering betting both ways, if you can get tight enough guaranteed stops.
Ripley94
18 Jan 2018
Re: Looking for something. After all Poleaxe is this just not the Singapore owners wanting to take this private.I'm surprised they are not hovering them up . ( maybe they are not allowed )Why would holders not except the offer as it gets better ?
