But itd be cheaper for them to reach the 30% stake no?
Possibly but given VESA have invested the best part of a billion in building up their stake and have bought most of their shares closer to £4 I don't think they would go to all that trouble to save themselves a few peanuts.
(All financial data is off the top of my head and may be a bit off the mark)
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
Terms. The money to me is secondary. If all current strikes go ahead, we'll be what? About a grand down before tax? More for me as I'm losing overtime. Given we've already had 2%, any rise will be marginal all things considered. The policies on finish times, sick pay and annualised hours are far more important than any wage rise we may get.
But itd be cheaper for them to reach the 30% stake no?
Possibly but given VESA have invested the best part of a billion in building up their stake and have bought most of their shares closer to £4 I don't think they would go to all that trouble to save themselves a few peanuts.
(All financial data is off the top of my head and may be a bit off the mark)
They need another 8% to take them to 30% so I wouldnt say its peanuts
If you tolerate this, then your paid break will be next
Personally the terms are more important to me than the money. A pay increase would be nice, but the later starts will force myself and a lot of others to leave.
Anyone done the sums to work out how much of an increase we need to be able to recoup the money we are losing from striking, and how long it will take?
... and consequently the lower share price, to takeover on the cheap
If VESA were to reach a 30% holding and trigger a takeover they wouldn't be allowed to buy the business at today's price.
It isn't that simple.
But itd be cheaper for them to reach the 30% stake no?
The delays are making it cheaper for them anyway. As I understand it, any takeover bid would need to match the highest that VESA have paid in the last twelve months, and a couple of weeks ago that maximum price dropped by over £1 a share based on previous trades. And yes - cheaper for them to reach the 30%. There's no guarantee that they're going that far - I'm sure the trigger for the investigation was going over 25%, so they are not necessarily going all the way to 30%, but that's a lot more affordable now than it was when they first planned to increase their holding.
