LNK - Link Administration Holdings

[Garpal Gumnut]

The UK news all sounds quite gruesome.

And there is more !

gg

 

[DrBourse]

I last looked @ LNK back on 12/5/22 (page 2 post #27) - it was not looking good at that date.....
IMO LNK is now in "Deep Doo Doo".....
Way too many Fire Sales.....
Looks like "Rats deserting the sinking ship"....
LNK is now in the Peny Dreadful (PD) Catagory....
Back in 6/2019 LNK's Financials were only just OK....
As at today the Financials are a Basket Case.....
Technicals point to abt $0.50c within 12 mths....
Pointless in me posting a Chart - it's way too sad to look at.....
Today's UNAUDITED Preliminary Results are Unconvincing....
LNK is certainly not a Buffett Style Stock....

Lets hope the Audited Results can produce a few miracles....
GL to all the LNK Punters...

DrB....

 

[Ferret]

My pick for the October comp.

Might have found a base around $1.30.

Funds Solution divestment is due to complete in October. If that happens, it might spur the share price into some sort of recovery.

 

[divs4ever]

My pick for the October comp.

Might have found a base around $1.30.

Funds Solution divestment is due to complete in October. If that happens, it might spur the share price into some sort of recovery.

i hope you are correct

my LNK holding is looking fairly bleak

luckily they divested PXA so i have some hope of avoiding a total flop from my LNK investment

 

[Ferret]

Trying this one again for the December comp.

I don't know that it is going to do much in one month, but LNK seems to be getting it's house in order and looks decent value at $1.37.

 

[Dona Ferentes]

Trying this one again for the December comp.

I don't know that it is going to do much in one month, but LNK seems to be getting it's house in order and looks decent value at $1.37.

chicken dinner

Link Administration Holdings Limited has entered into a scheme implementation deed with Mitsubishi UFJ Trust & Banking Corporation, aconsolidated subsidiary of Mitsubishi UFJ Financial Group, Inc. under which The Trust Bank has agreed to acquire 100% of the shares in Link Group by way of a scheme of arrangement
• If the Scheme is approved, Link Group shareholders will receive $2.10 cash per Link Group share under the Scheme, plus a dividend of $0.16 cash per Link Group share expected to be paid by Link Group, which will be franked at approximately 25%

 

[divs4ever]

chicken dinner

Link Administration Holdings Limited has entered into a scheme implementation deed with Mitsubishi UFJ Trust & Banking Corporation, aconsolidated subsidiary of Mitsubishi UFJ Financial Group, Inc. under which The Trust Bank has agreed to acquire 100% of the shares in Link Group by way of a scheme of arrangement
• If the Scheme is approved, Link Group shareholders will receive $2.10 cash per Link Group share under the Scheme, plus a dividend of $0.16 cash per Link Group share expected to be paid by Link Group, which will be franked at approximately 25%

will crystallize a loss for me , depending on how you value the PXA divestment , but unless FIRB steps in , i can't see exhausted shareholders putting up much resistance

however @Ferret looks to be having a good month in the comp. with this

 

[Ferret]

A second bidder might be flushed out for LNK.

The latest Mitsubishi substantial holder statement I could see was from 24 November and had them holding just 6.4%. No doubt they have added to that in the weeks since, but maybe haven't amassed a blocking stake.

I see Perpetual and Australian Retirement Trust each hold around 5%.

I hold and am keeping my fingers crossed for a bidding war!

 

[debtfree]

Nice Tip @Ferret ......... a quick chart for all to view.

 

[divs4ever]

SUPREME COURT OF NEW SOUTH WALES APPROVES SCHEME OF ARRANGEMENT

Link Administration Holdings Limited (ASX:LNK) (Link Group) announces that the Supreme Court of New South Wales (the Court) has today made orders approving the proposed acquisition of Link Group by Mitsubishi UFJ Trust & Banking Corporation (the Trust Bank), a consolidated subsidiary of Mitsubishi UFJ Financial Group, Inc., by way of scheme of arrangement (Scheme).
Link Group expects to lodge an office copy of the Court orders with the Australian Securities and Investments Commission tomorrow (Wednesday, 1 May 2024), at which time the Scheme will become legally effective.
Link Group will also request that the quotation of Link Group shares on the ASX be suspended from close of trading tomorrow.

Special Dividend Subject to the Scheme becoming effective, on Monday, 13 May 2024, Link Group Shareholders will be paid a dividend of $0.16 cash per Link Share held on the Special Dividend Record Date of 7:00pm (Sydney time) on Tuesday, 7 May 2024.

Scheme Consideration On the Implementation Date for the Scheme (expected to be Thursday, 16 May 2024), Link Group Shareholders will be paid the Scheme Consideration of $2.10 cash per Link Share in respect of all Link Shares held on the Scheme Record Date of 7:00pm (Sydney time) on Tuesday, 14 May 2024.
The above timetable is indicative only and the included times and dates are subject to change.
Link Group will announce any changes to the ASX.

The release of this announcement was authorised by Vivek Bhatia, CEO & Managing Director.

i hold LNK

going , going ...

i note no mention of franking credits on the LNK special div. i guess time will tell on that angle

 

[System]

On May 17th, 2024, Link Administration Holdings Limited (LNK) was removed from the Official List of ASX Limited in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between LNK and its shareholders in connection with the acquisition of all the issued capital in LNK by Mitsubishi UFJ Trust & Banking Corporation.