Re: Takeover Target - Daily Mail Interesting - take over rumours & yesterday 12 times the average daily volume of shares traded. Could be some stake building.
Takeover Target - Daily Mail Shares of Luxembourg-based office rental giant Regus, 1.1p off at 294.7p, were left simmering on the back burner but could soon be sizzling. Red-hot gossip suggests that former hot dog salesman Mark Dixon, its founder and chief executive, recently rejected a £3billion bid approach from a major private equity player, rumoured to be Blackstone.But he apparently has left his office door wide open for an agreed deal should the predator wish to return with an increased cash offer worth around £4billion.Read more: [link] Follow us: @MailOnline on Twitter | DailyMail on Facebook
Interims Look excellent, and still plenty of scope for further growth
Re: rns chairman selling? sp down 7% Interesting question is who bought them?
Re: rns chairman selling? sp down 7% The RNS today states that ESTORN is the holding company (it has issued share capital of £1) for Mark Dixon's holding in Regus. Again, he still owns shares worth on paper over £700m in Regus. Given the run up in the stock and the good underlying performance if the business, it doesn't seem unreasonable for him to have sold around £70m worth of his shares.
Re: rns chairman selling? sp down 7% Thanks BBDo youknow if he also owns ESTorn? Not that it makes much difference.
Re: rns chairman selling? sp down 7% Regus is Mark Dixon and vice versa for a long, long time now - he bought shares for a long time when the institutions hammered the stock....at some point in a lifetime/career there comes a time to monetise all the sweat equity. It is highly likely that he has simply taken cash out to reinvest elsewhere etc - he still has 90% of what he had 48 hours ago worth hundreds of millions £ - I'n not sure that in the round much has changed.
Re: rns chairman selling? sp down 7% A very bad sign and I would normally sellHe does however still hold over 30% of company so this sale was about 10% of his holding.I've never had this where a director holds such a large holding.Difficult decision will have to give it some serious thought
rns chairman selling? sp down 7% ESTORN LTD ([link] a rather anonymous company have sold (placed 30,000,000 shares at 245p for the CEO? this seems to have reduced the sp by 7% to 244.5p.Does anyone know if the ceo owns ESTORN and is there any significence of this sale to us as holders rather than the immediate effect on share price.This may be a buying opportunity at a lower price but usually the CEO selling is not a good sign.
Re: Regus infographic Thank you for the link.The site is worth a visit not just for regus but for all of your portfolio.
Regus infographic Regus (LSE:RGU): [link] valuation info.
Re: REGUS, Results Beat Brokers Forecast To be fair there was an excellent run up to the results. A month ago we were struggling to keep above £2, so I guess the rumours were the results are going to be good, and when they came out they were not quite as good as people expected. So up ~10% in a month is a fair reflection on the result I think. But for me, the future is bright, those results scream "growth." They've found a winning formula and are getting better and better at applying it in new locations. The scope for what they offer is tremendous. Any company that is growing turnover well, and at the same time improving margins, and reducing debt has a bright future.
Re: REGUS, Results Beat Brokers Forecast And how does the market respond to these good results? A 5.75% fall by 11am today makes perfect sense . . .
Re: REGUS, Results Beat Brokers Forecast Wow, Old Joe, you've been busy!Only had time for a quick flick through the results, but on first glance they appear excellent. Reducing net debt when they have opened so many new locations is pretty impressive, and a 10% increase in dividend is a good sign.
Re: REGUS, Results Beat Brokers Forecast Peel Hunt recently increased its traget price on workspace provider Regus to 300p from 275p, which it sees as conservative, suggesting it does not require overly heroic assumptions to find fair value of 630p.