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£1.21 per share, I'm holding in hope of a counter offer but doubtful.
What was the sale price agreed at the meeting?
Must admit I wasn't expecting this move but it has been indicated over the last couple of weeks by the gravity defying SP. I think the word 'final' may put a cap on things this time unless people are really confident of a no sale. Like you Monkey I got out earlier, £1.107 from memory but that was over 5k profit so I'm not moaning. Leave something for the next man!
Turns out they weren't as confident of this bid being accepted as you thought.
Upped the offer again to no doubt try sway certain shareholders.
Still think this price is too low but reckon it might be the dealbreaker. That is unless a rival bid appears!!
Good luck to those still holding. I jumped at £1.12
No SOY but it was a strong finish today. Search me!
I'm surprised to see this rising above the offer price! If the offer is accepted, then you're just locking in a loss at this price? Am I missing something....
No alternatives have surfaced, I'm surprised that the SP is above the bid price. I never was very good at this game!
Gauging by the other comments on the site seems a lot of others thought the same. Being sold too cheap. Lots of future potential.
Anyway I sold my lot at £1.12 today.
If the shareholders reject the bid I'll be buying straight back in to Hyve when the share price drops
I just sold at 111p also @ 30% loss, but time to move on and just thankful it came back up from 60p! GLA. Hoping a decent purple bricks offer comes through shortly now
I have lots of Hyve stock, and at the moment I am making a small profit. But the offered price of 108 pence for each share is low. There are three complementary reasons for it: 1. Given that many shareholders bought Hyve stocks at a price of around 110 (the theoretical ex-right price) after the rights offer in June 2020, and some could buy at prices between 90p to 110p, the price of 108p does not compensate shareholders patience. I guess many major shareholders won't accept the offer.
2. The COVID-19 pandemic is over and the Russian-Ukrainian war has no effect on Hyve as Hyve is reshaped . Now, this company is financially healthy and seems to have a solid earnings in 2023, even stronger than before the pandemic. The forecasted price is something between 125 and 175 made by Financial Times for the end of 2023. The investors have not yet made up for the risks they have taken.
3. The overall market has not been good in the last year; interest rates are high, and prices are lower than a year ago. This high interest rate regime is not going to last a long time and will finish in 2024.
I hope that the offer would be rejected and I am willing to keep Hyve stocks for 1-2 years. To me, expecting the price of 150 is realistic. 200 is optimistic.
LTH shafted. feel for those holding since the 500p days. GLA
lol. and..... they agreed a sale. monkey you are something
Me too root
I think there could be a counter offer, although I admit this isn't one of my better researched companies. I sold even though the market appears to be thinking a counter offer is possible. But if that happens it will likely be a handful of pence more, and will take months to conclude .So for me I'd rather move on, but each to his own.
I will be rejecting this offer. Company has significantly more potential than what has been put on the table.
Just sold all at 111p.
GLA
Interesting. Offer of 108p yet current quoted market price has jumped to 110p. Never seen that before. Normally is 5% ish below offer.
There will be a counter offer I feel.
My post last night wasn't very timely!
Well.I hope everyone has made a few quid. GlA
John
Gutted. Looks like the board are cashing in. Real shame. Company to go private once acquired. Board fought for a few extra pence but still below projected value of company.
Take your money and run. S.P should jump up this morning. Don't envisage a counter offer.
GLA
If it doesn't go through we will probably make a return to the 80s. There was a bit of a slip today.
Check financial Times article.
I don't see the sale going through at such a low offer. The link below confirms this from some of Hyves biggest shareholders.
https://www.ft.com/content/87bdd6d7-7d2f-4afa-851a-9cf9afbb653b
If you don't trust the link, Google Financial Times Hyve group article.
Maybe best to sell shares now and buy back on the announcement at the reduced price. Then hold long term again for the increased revenue streams that are coming Hyve's way.
GLA
5th Oct 22 - £68 million forward orders declared for 2023.
13th Dec 22 - £98 million forward orders declared for 2023.
FY 2022 revenues of £122 million.
Double digit growth expected for 3rd consecutive year. Covid all but now disappeared. No doubt Half 2 of 2023 will bring increased revenue as it did in 2022.
I'm expecting fy23 revenues to be £160-180 million based on current forward orders and strong demand and reopening of Chinese Market.
I'm believe there will either be a rival bid or the B.o.d will just reject this offer outright.
March 27th Investor's event and strong trading statement will surely bring increased attention /investment. This company is going places quick. Why would they jump ship now after doing the hard work rescuing it from Covid? Debt reduction going great guns and new finance agreement secured. Also going from strength to strength in the U.S market / digital events.
I just can't see the appeal of a sale. Fingers crossed it just doesn't happen.
Good luck all
Thanks Trader, So if worst scenario is that I'll probably have to wait a few weeks for payment of 105p per share then think it probably worthwhile to hang on for higher price. Also if the company reject the offer would suggest the company believe they are worth a good deal more than the offer. GLA
If the bod accept the offer then it would go out to other investors, pi and ii to vote to accept or not. Then if accepted 105p would be the price you would get a few weeks later. So, you could be waiting a couple of months for it from today. If you don't want to accept then vote no or if you think another offer may come in at a higher price it is worth waiting. Other wise you may as well sell now or when you see a high price. I sold today at 104.07p.
Does anyone know the procedure if the offer is accepted by the company? Presumably the offer 105p per share is what us shareholders would receive once all has been agreed?