Little Master
Posted 25 June 2021 - 12:31 PM
Finally an update:
https://ascendisheal...-2021-Final.pdf
Advanced Member
Posted 25 June 2021 - 10:41 AM
IN are you around? Anyone with more activist info or inside scoop?
Activist are still garnering 75% support. SENS will be forthcoming next week or early July. The only newest news is that they have managed to get Easy Equities to contact all Ascendis holders to inform them of the importance of the vote and to get in contact with the activists.
Little Master
Posted 25 June 2021 - 08:43 AM
Advanced Member
Member
Member
Posted 23 June 2021 - 01:36 PM
It does seem as if ASC is being wound up. If I'm honest I haven't really kept myself up to date with the news and disposals for the last couple months so I am not sure what businesses actually remain under the ascendis umbrella...clearly nothing worth talking about and certainly nothing worth being listed on the JSE.
I guess this entire Ascendis thread will be coming to a rather abrupt and disappointing ending for many of us, especially those that got involved prior to the whole Blantyre saga. Let's wait and see what is left after conclusion of the deals and pro-formas released. I will be happy to get out and just minimize my losses at this stage just so I don't have to look at a big red loss in my portfolio everyday. 
Member
Posted 23 June 2021 - 01:36 PM
It does seem as if ASC is being wound up. If I'm honest I haven't really kept myself up to date with the news and disposals for the last couple months so I am not sure what businesses actually remain under the ascendis umbrella...clearly nothing worth talking about and certainly nothing worth being listed on the JSE.
I guess this entire Ascendis thread will be coming to a rather abrupt and disappointing ending for many of us, especially those that got involved prior to the whole Blantyre saga. Let's wait and see what is left after conclusion of the deals and pro-formas released. I will be happy to get out and just minimize my losses at this stage just so I don't have to look at a big red loss in my portfolio everyday.
Member
Posted 23 June 2021 - 01:28 PM
So animal health to be sold for max R790 million.
There goes everyone's hopes - there goes the dream up in smoke
Ascendis is clearly being wound up and everything are being done to sink this company and sold to who ever wants it at a whatever price.
I am no expert and am obviously not privy to any real boardroom discussions and meetings but having been involved in the sale and purchase of many business for myself and my clients I must say that something seems rotten....
Maybe we must all make a bid to Mark for the other business unit units for R1, maybe we get it......
Ascendis Management is just trying to convert the huge debt with about the 75% of company assets.
The remaining 25% will be a new company (debt free) for current shareholders.
I'll be more than happy if they will be able to conclude a deal at those conditions.
We just need to wait the deal confirmation from company side and, most important, the consequent shareholder vote day (we hope within the end of August).
Edited by Tolly12, 23 June 2021 - 01:29 PM.
Advanced Member
Posted 23 June 2021 - 01:04 PM
So animal health to be sold for max R790 million.
There goes everyone's hopes - there goes the dream up in smoke
Ascendis is clearly being wound up and everything are being done to sink this company and sold to who ever wants it at a whatever price.
I am no expert and am obviously not privy to any real boardroom discussions and meetings but having been involved in the sale and purchase of many business for myself and my clients I must say that something seems rotten....
Maybe we must all make a bid to Mark for the other business unit units for R1, maybe we get it......
Little Master
Posted 23 June 2021 - 11:14 AM
This is the hand we were dealt and now we need to make the best of it. Animal Health is basically sold. We need to stick our guns together.
Long story short, I have 156k shares which I have pledged my support to the AAI ( activist group ). Ascendis is majority retail investors, like us on the forum and we need to get the 75% sign off on the recapitalization. If we can group our shares together to get to that 75% and sign a irrevocable vote, a SENS can be released saying ASC has the 75% support and the voting is a formality which will get the share price moving again.
If the 75% vote is not reached at the voting date in (possibly) August, everything falls flat. EVERYTHING. So we are looking at R3.5 a share price (estimated possible minimum) ... or nothing, big fat zero.
I don't know about you, but I could do with R3 a share.
If you want to engage with the Activist group to find out more, email wkmbouers@gmail.com.
Advanced Member
Posted 23 June 2021 - 09:36 AM
This is the hand we were dealt and now we need to make the best of it. Animal Health is basically sold. We need to stick our guns together.
Long story short, I have 156k shares which I have pledged my support to the AAI ( activist group ). Ascendis is majority retail investors, like us on the forum and we need to get the 75% sign off on the recapitalization. If we can group our shares together to get to that 75% and sign a irrevocable vote, a SENS can be released saying ASC has the 75% support and the voting is a formality which will get the share price moving again.
If the 75% vote is not reached at the voting date in (possibly) August, everything falls flat. EVERYTHING. So we are looking at R3.5 a share price (estimated possible minimum) ... or nothing, big fat zero.
I don't know about you, but I could do with R3 a share.
If you want to engage with the Activist group to find out more, email wkmbouers@gmail.com.
Member
Posted 23 June 2021 - 05:13 AM
What happens when we don't get R1.5 for Animal Health?
Advanced Member
Posted 22 June 2021 - 04:41 PM
Animal health carrying value about r750m. We should be targetying a sale of r1.5b
The additional r750 less tax comes to asc.
We going to push for special dividend
What happens when we don't get R1.5 for Animal Health?
Advanced Member
Posted 22 June 2021 - 07:06 AM
There should be news by 30 June. We will most probably see proforma financials by then and also the circular for us to vote on. Remember they announced the deal should be closed by end of August. And there is a 60 day circular period to arrange an EGM. So there will definatly be news by next week Wednesday.
Sent from my SM-G973F using Sharenet Sharechat mobile app
There is also rumoured to be a meeting this Saturday between Mark and the Ascendis Activist group, but that probably won't result in a SENS announcement. Holding out for the 30th. The news drought is annoying.
Master
Posted 21 June 2021 - 07:55 PM
Advanced Member
Posted 21 June 2021 - 07:53 PM
Member
Posted 21 June 2021 - 01:28 PM
There might be news coming out in .... I want to say soon, but it will be probably in the next 2 weeks. There's a fairly unhappy holder on the discord channel that had signed an NDA regarding news. Can't really tell more than that, but rumours of news are probably better than no news since end of May
Advanced Member
Posted 21 June 2021 - 01:00 PM
There hasn’t been any news for a while. I’m sure a SENS should be coming any day now. Haven’t been feeling overly optimistic about Ascendis the last few months to be fair.
Anyone else got some thoughts?
There might be news coming out in .... I want to say soon, but it will be probably in the next 2 weeks. There's a fairly unhappy holder on the discord channel that had signed an NDA regarding news. Can't really tell more than that, but rumours of news are probably better than no news since end of May
Member
Posted 21 June 2021 - 12:38 PM
Member
Posted 11 June 2021 - 07:30 PM
Hhmm, from R25/share to 61c/share in a duration of 5 years, what technical gap are you looking at?
