Christo6
31 Oct 2016
Re: What To Do? Thank You BadinvestmentRegards
badinvestment
31 Oct 2016
Re: What To Do? Hi Christos,My reading is that the market in general likes the merger, as witnessed by the rise in share price since it was announced. A lot of people seem to have bought simply to deal in the options hence the current fall in price. In the long term though, @ 58p my feeling is that they are a very good buy.
Christo6
31 Oct 2016
What To Do? I received details of the rights issue from my broker on Friday the 28th and my immediate reaction was to say "yes" at 58P they have to be a good buy: I assume our management have carried out due diligence and are satisfied with its conditions.However this board seems to harbour some doubts about the deal and I would appreciate specific comment on what aspect of the merger has fueled this feelingBest wishes to all
badinvestment
26 Oct 2016
Re: Takeover and Rights Issue Hi Shaggy,How are you working out that the issue is overpriced? I would have thought that if you can buy a share for 58p that is normally priced much higher, then you are automatically onto a winner? It would seem that the recent trend upwards for the price is now giving way to profit taking/ prep for the offer. However, I would imagine that if there are synergies between the two parties, as is suggested, then the merger should have a good effect on Shanks, and thus the share price in the long run.
dazedandconfused
26 Oct 2016
Re: Takeover and Rights Issue The Market shall decide...
5haggy
25 Oct 2016
Takeover and Rights Issue OK, so the takeover of Van Gansewinkel seems to have got the green light from shareholders and Shanks are issuing some new paper to cover the cost.Basic questions:1) Is the deal income-generating for shareholders going forward?and2) Is the Rights Issue worth subscribing to?Can some bright bean-counter do the maths and work out if the Rights shares at 58p are a good deal, compared to today’s closing buy price of 112.5p. To me, the Rights Issue shares look over-priced by about 16p.Alternatively, have I completely misunderstood the deal?
Ever Optimistic
04 Jul 2016
Re: No info on Shanks Many thanks!
pearlsasinger
04 Jul 2016
Re: No info on Shanks Due diligence is probably only a smallpart of the reason for delay.Post Brexit issues would likely includeSterling's value against EURORegulatory framework inside/ outsidethe EU;the 'new' appetite for risk for lenders and shareholders;Asset prices generally in the new reality.IT SHOULD be interesting(holder)
dazedandconfused
04 Jul 2016
Re: No info on Shanks This info from Shanks' website, dated 24th May, might help:The Board of Shanks notes the recent press speculation and confirms that it is contemplating the possible acquisition of the Van Gansewinkel Groep BV, a leading privately-owned waste collection and recycling business in the Netherlands and Belgium (“Van Gansewinkel”
.After a period of preliminary due diligence, Shanks will shortly be submitting an updated, indicative non-binding proposal to the Supervisory Board of Van Gansewinkel for consideration. Accordingly, there can be no certainty that any transaction will occur nor as to the terms of any transaction.As the possible acquisition of Van Gansewinkel by Shanks has been deemed a reverse takeover by the FCA and Van Gansewinkel is not subject to a public disclosure regime, Shanks has requested a suspension of its shares in accordance with paragraph 5.6.6 of the Listing Rules.
Ever Optimistic
01 Jul 2016
No info on Shanks What has happened to Shanks? No news or price change for days!
Christo6
15 Jun 2016
Whats Happening Apologies-dumb questions, I've been away
Christo6
14 Jun 2016
Whats Happening??? No price quoted ? is it to do with the takeover? comment appreciated
Oxtrader
26 May 2016
Re: Corporate action. Hi there,Well I posted a little about this company on 06-11-14 (See below on page) back in 2014. Largely because it's one of Shanks' biggest competitor in the Benelux area. Van Gansewinkel was and still is a hot debt potato. It's actually been 'up for sale' since 2014 and even before that since it's takeover in 2007 by equity firms.I personally didn't want Shanks to buy it even back then - in this instance it would probably be more ideal stand and wait, let it collapse and soak up market share; at no expense to Shanks, as maybe Van Gansewinkel seems more trouble than it's worth. However, since then I believe they refinanced the debt in 2015, as noted here:[link] makes the debt pile stand at 243m (320 Million Euros) and have made large investments such as re-newing their entire fleet of trucks in early 2015 (Quote below)"In the next two years will Gansewinkel, as part of its modernization program, invest in another 150 additional vehicles. The modernization, which represents a total value of € 32 million, is part of a broad investment program of the waste processor."Source: [link] (Paywalled, bypass by viewing Google Cache) Now to put this into perspective; Shanks market cap is £670m; investing into a company that has a backlog a third of Shanks' company size and currently little knowledge of it's potential return, is for a prospective ISA investor like myself, unsure.Obviously maybe there may be large scale cost saving by tying two very similar companies together and thought of better as a merger. Just some thoughts 
pearlsasinger
25 May 2016
Corporate action. The possible acquisition of a seeminglylarge private waste manager(announced yesterday)- looks positive to me,Any views or insights welcome.??
Simbrad
23 May 2016
Beaufort's note on Shanta Gold is up on Research Tree, it's available for free: "Shanta Gold primarily engages in gold mining, processing and exploration in Tanzania. The open offer has been made after the company issued new ordinary shares to raise US$10.0m earlier this month. The earlier offer received positive response from shareholders, given about US$10.5m was raised. The funding would help Shanta Gold in meeting capital expenditure requirements at the New Luika Gold Mine (NLGM) over the rest of 2016. In addition, the company would be able to execute the Base Case Mine Plan, undertake the underground development of the NLGM and progress with satellite deposit exploration. Moreover, the proceeds from the open offer would strengthen its financial position, enabling further exploration work. Considering the argument mentioned above, we..."
