Paulie_Mu
05 May 2017
Re: Consideration for shares "The UKGC's review is progressing and Kindred currently anticipates that the UKGC will make a determination in the near future. Kindred anticipates that the Offer will be declared wholly unconditional upon the UKGC making a positive determination."To decipher, until the offer goes wholly unconditional you will not receive your money. Once you see a posting to that effect, you will receive your money 14 days later - assuming you have tendered your shares. No one is coming in to offer a higher price, because the stock has gone unconditional (not wholly unconditional). The bidder therefore holds > 90% of the stock.It's simply that large institutions that hold the stock will sell out at 196, for example, because they can access the cash and reinvest immediately.A month ago I bought a ton of stock at 195 simply because I can wait for the 197 payout and make the 1% as a cap gain and pay no tax on it - and it's more than I can achieve in a bank account.Every day that goes by the stock will inch up towards 197. Of course there is perhaps a danger on the downside that the deal could fall through on licensing issues but I suspect that is about as likely as Labour winning the next general election....
evenlongershot
03 May 2017
Re: Consideration for shares All a bit strange - no word on the consideration which I thought would have been paid by now, and the share price inching higher. Can another company come in with a bid at this stage?
kiama42
02 May 2017
Consideration for shares Does anyone know/remember at what date roughly we will receive consideration for the buyout?
Jamest519
03 Apr 2017
Re: Corporate Action Is there any benefit to keep holding this share right now?
Go Dink
28 Mar 2017
Re: Corporate Action Yes, so the offer has become unconditional and I think by mid- April TTR will be delisted and we get the cash from Kindred.I'm not sure if any offers can be accepted now - can anyone clarify now the offer is unconditional? Can someone come in with a higher offer during this period? I don't think they can though.
computer nurd
27 Mar 2017
Re: Corporate Action The Offer has become unconditional as to acceptances
MBoro fan
27 Mar 2017
Corporate Action Are you guys still hanging on to see of there's another bid?What happens if there isn't and they take it private?
Mr Mick Mack
23 Feb 2017
Re: To sell 200.25? Totally with you...definitely seeing if anything else comes along...
middler2
23 Feb 2017
Re: To sell 200.25? No idea Mick Mack, but a rival bid cannot be ruled out. I have read with interest about the 'irrevocable' commitments they have from a majority of shareholders, but i wonder what would happen if a rival tabled 240p? Also, for the record, i think it is a bit rich to include the dividend earned by 32RED as part of the bid premium!!! For the record, I am going to hold and see what happens.
Mr Mick Mack
23 Feb 2017
To sell 200.25? So who can tell me why the sell price would actually be above the offer + dividend?Is this the tiny odds of a rival bid being built into the price?
pharmaspecialist
01 Feb 2017
Strong trading update Today's trading update seems to me to more than justify the 3.6% (at time of writing) increase in the share price. Edison has also put out a report on the company which will of course be positive (as it is a paid for report) but nevertheless does emphasise how lowly rated this company is relative to its growth prospects.
dontlikenicknames
21 Sep 2016
Re: rns x2 large spread puts me off buying more.
jim b-r
21 Sep 2016
Re: rns x2 The only reason this isnt shooting up even more today is that most of the numbers were previously released in the July trading update. Nonetheless it does paint a good picture.
Sambram
21 Sep 2016
record results Edison update out this morning:"32Red’s brand punches above its weight in the UK online casino market. Management has adopted a more aggressive stance since mid-2015, both in terms of marketing and with the highly accretive £8.4m Roxy Palace acquisition. Interims show H116 EBITDA rising to £4.5m (H115: £1.2m) and we initiate with forecast EPS more than doubling in 2016 and growing by over 65% between 2016 and 2018. Yet the 2016e P/E is only 13.5x and our peer group comparison and DCF suggest a value of 193-247p per share, 46-86% above the current share price."Via Research Tree
middler2
21 Sep 2016
Re: rns x2 Why is this share not shooting up?
