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Ascendis Health Ltd. – JSE:ASC


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#41 Billions

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Posted 20 December 2021 - 04:53 PM

In a nut shell we have a brand new board... activist where able to vote old board and acting ceo out..some resigned... so share as predicted tanked further.. as the old board put out a sens at 8 citing the ,," should a new board be in any change to the board of directors of the Company which has not received the prior written approval of the agent (acting on behalf of the lenders) (“the Agent”) may trigger a cancellation of the debt facilities and may result in such debt facilities becoming immediately due and payable. The Company has received a letter from the Agent advising that the prior written approval by the Agent in relation to any contemplated board changes that may occur at the AGM on 20 December 2021 is not presently in place and the board will engage with the lenders post the AGM"......... lol.. now the new board is discussing with lenders so if and once agreed a sens can be issued.... this was a big issue... so i am sure the activist have a plan B.. as well as they were chatting to the lender prior.. i think once this bit is done share will get back to 90s..
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#42 Billions

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Posted 20 December 2021 - 04:53 PM

In a nut shell we have a brand new board... activist where able to vote old board and acting ceo out..some resigned... so share as predicted tanked further.. as the old board put out a sens at 8 citing the ,," should a new board be in any change to the board of directors of the Company which has not received the prior written approval of the agent (acting on behalf of the lenders) (“the Agent”) may trigger a cancellation of the debt facilities and may result in such debt facilities becoming immediately due and payable. The Company has received a letter from the Agent advising that the prior written approval by the Agent in relation to any contemplated board changes that may occur at the AGM on 20 December 2021 is not presently in place and the board will engage with the lenders post the AGM"......... lol.. now the new board is discussing with lenders so if and once agreed a sens can be issued.... this was a big issue... so i am sure the activist have a plan B.. as well as they were chatting to the lender prior.. i think once this bit is done share will get back to 90s..
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#43 JR7800

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Posted 20 December 2021 - 09:09 AM

Can someone who are able to attend this AGM please post some feedback on the AGM.

 

I am struggling to get Computershare to give me access to AGM due to my ABSA broker representation letter which is apparently still outstanding. I am very tired of this share........


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#44 Bushmanbob

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Posted 20 December 2021 - 08:58 AM

I agree. The courts ruling against the boards decision to postpone demonstrates they were acting unlawfully which speaks volumes about their dubious tactics.  Disgraceful behavior.  


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#45 Billions

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Posted 20 December 2021 - 07:34 AM

This management are up to no good... happy that activist are taking them to task... the share price may dip .. and recover thereafter.. i put a buy order in this morning.... lol i swore i would not buy more last week when the agm was cancelled and rights offer eluded to.. 🙃
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#46 JR7800

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Posted 20 December 2021 - 07:00 AM

AGM to be held today.

 

So glad there are shareholders out there with enough money and power to hold these people to account. DEADLINES like an AGM is set for a reason. Management, grow up and make your deadlines you are getting paid more than enough for your jobs.......

 

https://www.moneyweb...dium=Indicators


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#47 JR7800

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Posted 15 December 2021 - 03:19 PM

I see they have also now postponed the AGM to March 2022. What a bunch of clowns. No wonder the share price is down 12% for the day.

 

And the sad part of all of this is that I convinced myself that I could believe what people were saying based on nothing but their own personal opinions and agendas. I see myself as the biggest CLOWN this all. Trade on facts not empty promises and wishful thinking, damn foooooooooollllll......

In order to ensure a restoration of an appropriate capital structure that supports a turnaround of the Group, the
Board believes that a combination of a disposal of one or more of the remaining businesses will be required,
together with raising funding through a potential equity capital raise.

 

A potential capital raise - are you F-ing nuts. April fools is still a long way off. This has now officially gone form a circus to a Shi-t show...... and the only ones left with Shi-t on their faces yet again are the shareholders who are dumb enough to believe all this crap management are feeding them.

 

Please also give me R1.19 and you as management can go a do with this company what ever the hell you want..............


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#48 JR7800

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Posted 15 December 2021 - 03:07 PM

Looks like this share (or at least the sentiment surrounding this share) is now going completely belly up.

 

It is really starting to feel like a circus of a share to own and I truly hope it does not make clowns of us all.

 

It does not seam that the market out there have any appetite for this share, nor does it remotely believe in the R1.19 fair value post restructure.

 

Imagine if the board ask/suggest a rights issue..... Imagine how quickly this share falls to Zero then.

 

I am personally starting to think that all the talk of having a quick shareholder value unlock was all talk. It was my understanding pre restructure that the future of the business was never in the hope that the current or future management tries to fix and grow the business. The idea was to find a suitable buyer willing to pay a fair price for the rest of company. There were so many people toting R2+ as a fair price. The RAI group even had a poll which they shared with management at one stage suggesting shareholders would consider selling at around R2.

 

If we can get R1.19 per share like some did, I am 90% sure I'll take it and move on.

 

 

What are everyone's feelings on this share. Any thoughts out there?

 

I see they have also now postponed the AGM to March 2022. What a bunch of clowns. No wonder the share price is down 12% for the day.

 

And the sad part of all of this is that I convinced myself that I could believe what people were saying based on nothing but their own personal opinions and agendas. I see myself as the biggest CLOWN this all. Trade on facts not empty promises and wishful thinking, damn foooooooooollllll......


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#49 David-89

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Posted 15 December 2021 - 02:48 PM

Looks like this share (or at least the sentiment surrounding this share) is now going completely belly up.

It is really starting to feel like a circus of a share to own and I truly hope it does not make clowns of us all.

It does not seam that the market out there have any appetite for this share, nor does it remotely believe in the R1.19 fair value post restructure.

Imagine if the board ask/suggest a rights issue..... Imagine how quickly this share falls to Zero then.

I am personally starting to think that all the talk of having a quick shareholder value unlock was all talk. It was my understanding pre restructure that the future of the business was never in the hope that the current or future management tries to fix and grow the business. The idea was to find a suitable buyer willing to pay a fair price for the rest of company. There were so many people toting R2+ as a fair price. The RAI group even had a poll which they shared with management at one stage suggesting shareholders would consider selling at around R2.

If we can get R1.19 per share like some did, I am 90% sure I'll take it and move on.


What are everyone's feelings on this share. Any thoughts out there?


I do think there’s value in this share but the politics have completely ruined it. Nobody wants to get involved with a company where there different groups fighting for control of a small cap trading at a market cap of around 400 million as if its an Aspen.
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#50 JR7800

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Posted 15 December 2021 - 02:21 PM

Looks like this share (or at least the sentiment surrounding this share) is now going completely belly up.

 

It is really starting to feel like a circus of a share to own and I truly hope it does not make clowns of us all.

 

It does not seam that the market out there have any appetite for this share, nor does it remotely believe in the R1.19 fair value post restructure.

 

Imagine if the board ask/suggest a rights issue..... Imagine how quickly this share falls to Zero then.

 

I am personally starting to think that all the talk of having a quick shareholder value unlock was all talk. It was my understanding pre restructure that the future of the business was never in the hope that the current or future management tries to fix and grow the business. The idea was to find a suitable buyer willing to pay a fair price for the rest of company. There were so many people toting R2+ as a fair price. The RAI group even had a poll which they shared with management at one stage suggesting shareholders would consider selling at around R2.

 

If we can get R1.19 per share like some did, I am 90% sure I'll take it and move on.

 

 

What are everyone's feelings on this share. Any thoughts out there?

 


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#51 Bushmanbob

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Posted 04 December 2021 - 08:11 PM

Thanks for the informative response IN. Very helpful indeed.
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#52 Bushmanbob

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Posted 04 December 2021 - 08:10 PM

Thanks for the informative response IN. Very helpful indeed.
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#53 Investment novice

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Posted 04 December 2021 - 08:15 AM

Yasee IN.... i asked for assistance on explanation not a thesis:);):)..... hehhe... thanks for assisting bro... so to some up hodl block the noise.. most of us in the green after a long wait.. what is a few weeks more... a new ceo for x mas:) would be great...



Ya boet......a few sens from the company would also help....
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#54 Billions

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Posted 04 December 2021 - 06:59 AM

Yasee IN.... i asked for assistance on explanation not a thesis:);):)..... hehhe... thanks for assisting bro... so to some up hodl block the noise.. most of us in the green after a long wait.. what is a few weeks more... a new ceo for x mas:) would be great...
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#55 Investment novice

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Posted 03 December 2021 - 09:16 PM

Sorry have been completed inundated with responsibilities and have not had much social media time.

Harry smit raised a s164 during the recap inorder to better understand the company value. He had communicated his intention to do so to the voting pool. Most rebuke him as saying he is disengenous because he now can sell his shares for r1.19. Noting he is now a nominee and working with management executing the 164 prevents him from buying back in a closed period. In all of this selling his shares he may have made r40k profit. But now loses all the upside. The time and effort he gas spent on asc over the months cannot be costed fighting for transparency etc. In a board meeting....1 meeting directors earn more than that. This is a non issue


What is really happening seems to be a grapple between harry and a second splinter group.of shareholders who want to depose Harry and believe they know whats best for Asc and will work with management to turn around the company.

This is an ugly display that is playing out in social media and Harry does not deserve to be atta ked for r40000. He has always been upfront and the sens issued recently was a follow on from a previous sens. It is opportune to now tackle Harry on this. In sport its referred to as tackling the man rather than playing the game.

The dissenting shareholders have in their group the purchaser of animal health amd a bidder for the company.

Regarding the agm- we cannot have shareholders divided. We need to find the team to direct management accordingly. As a shareholder i had reduced my holding to enable my board position and to settle obligations. I am still a shareholder and fully vested. This is a requirement to be an independent director

The next two weeks we should see the shareholder groups forming to better position themselves for the agm and garner votes to as they say help management turnaround the company....issue is shareholders wanting board positions now have both a vested interest in their shareholding and they have themselves bid for the company assets. How will they then be independent.

I have signed my proxy to aai who have been engaging on the issues with management and am committed to Harry. I have also signed the nda to support Harry Aai and the board in execution where required.

Personally not happy with all the social media attacks and management distraction.....it seems after all a fight for voter support and board seats......

We should as shareholders vote in a resolution remunerating any new board appointee to work for zero compensation and only reimbursed a performance bonus when the share price reaches specific milestones.

Hope we end up at the end of dec with a stronger company and atronger committed leadership rather than a company without a voice and no strategy...
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#56 Billions

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Posted 03 December 2021 - 02:25 PM

No worries bro. I am hoping/speculating that the agm has been moved due to possibilty of selling pharma or some resolutions on sales or financing localy... closer to the time qe may get a few sens i suppose... my 2 cents
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#57 Billions

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Posted 03 December 2021 - 02:25 PM

No worries bro. I am hoping/speculating that the agm has been moved due to possibilty of selling pharma or some resolutions on sales or financing localy... closer to the time qe may get a few sens i suppose... my 2 cents
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#58 Bushmanbob

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Posted 03 December 2021 - 09:35 AM

I will take a stab at it.
Its was a calculated move to get what the fair price should be at prior to recap... we now know R1.19... post recap will thus be much better.. so apparently and i recal in one sens we had a non binding offer for less.. and allegedly they are getting non binding offers for less than R1.19... now again this is pre recap fair value... and non binding offers dont get a manditory sens... this is my understanding...So imho there are entities trying to get ASC on the cheap... and seems to resorted to twitter bashing...as they ar e not getting their way... well IN is probably the subject matter expert on this so will have to wait for his take .... i hodl till at least 20 Dec.... have had this share for close to 2 years now

Thanks Billions - Ok - I'm beginning to understand. Thanks for taking the time.  I wonder what happened to all the offers that ASC was apparently being flooded with for the remaining SA Business?  Assuming those were all either lowball offers or were nothing more than tyre-kicking and had no substance?  


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#59 Billions

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Posted 03 December 2021 - 09:07 AM

I will take a stab at it.
Its was a calculated move to get what the fair price should be at prior to recap... we now know R1.19... post recap will thus be much better.. so apparently and i recal in one sens we had a non binding offer for less.. and allegedly they are getting non binding offers for less than R1.19... now again this is pre recap fair value... and non binding offers dont get a manditory sens... this is my understanding...So imho there are entities trying to get ASC on the cheap... and seems to resorted to twitter bashing...as they ar e not getting their way... well IN is probably the subject matter expert on this so will have to wait for his take .... i hodl till at least 20 Dec.... have had this share for close to 2 years now
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#60 Billions

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Posted 03 December 2021 - 09:06 AM

I will take a stab at it.
Its was a calculated move to get what the fair price should be at prior to recap... we now know R1.19... post recap will thus be much better.. so apparently and i recal in one sens we had a non binding offer for less.. and allegedly they are getting non binding offers for less than R1.19... now again this is pre recap fair value... and non binding offers dont get a manditory sens... this is my understanding...So imho there are entities trying to get ASC on the cheap... and seems to resorted to twitter bashing...as they ar e not getting their way... well IN is probably the subject matter expert on this so will have to wait for his take .... i hodl till at least 20 Dec.... have had this share for close to 2 years now
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