VOTE now! Proposed take over of Virgin Money - Nationwide members should be given a vote

Section62

EarthBoy said:

Middle_of_the_Road said:

WillPS said:

Middle_of_the_Road said:

Seems this is far from a done deal.
Two worlds collide...
Nationwide members justifiably outranged at not being considered and the other side greedy for more of the spoils.

https://www.proactiveinvestors.co.uk/companies/news/1045277/reject-nationwide-takeover-kbw-implores-virgin-money-shareholders-1045277.html

Unless I've misread, this analysis is saying that Virgin Money shareholders should reject the deal on the grounds Nationwide aren't paying enough. This is *the opposite* of the argument being made by the naysayers on this thread...

So, they're suggesting Virgin shareholders should expect more. Meanwhile some Nationwide members think the offer is high already..... how strange🙂

Sellers of anything want the highest price that the buyer will pay, and buyers always want to pay the least that the sellers will accept.  

Although sometimes a seller will accept any price to get shot of a liability.

As of 17/04 there is still nobody else coming forward with a bid for this particular bargain.

masonic

Any update from Nationwide on progress towards a SGM? Confirmation that there were 500 qualifying members among the signatories? Cheque paid in? Anything?

Middle_of_the_Road

EarthBoy said:

Middle_of_the_Road said:

WillPS said:

Middle_of_the_Road said:

Seems this is far from a done deal.
Two worlds collide...
Nationwide members justifiably outranged at not being considered and the other side greedy for more of the spoils.

https://www.proactiveinvestors.co.uk/companies/news/1045277/reject-nationwide-takeover-kbw-implores-virgin-money-shareholders-1045277.html

Unless I've misread, this analysis is saying that Virgin Money shareholders should reject the deal on the grounds Nationwide aren't paying enough. This is *the opposite* of the argument being made by the naysayers on this thread...

So, they're suggesting Virgin shareholders should expect more. Meanwhile some Nationwide members think the offer is high already..... how strange🙂

Sellers of anything want the highest price that the buyer will pay, and buyers always want to pay the least that the sellers will accept.  

That was the tongue in cheek point I was aiming for.... Maybe too subtle🙂

Money_Grabber13579

Section62 said:

EarthBoy said:

Middle_of_the_Road said:

WillPS said:

Middle_of_the_Road said:

Seems this is far from a done deal.
Two worlds collide...
Nationwide members justifiably outranged at not being considered and the other side greedy for more of the spoils.

https://www.proactiveinvestors.co.uk/companies/news/1045277/reject-nationwide-takeover-kbw-implores-virgin-money-shareholders-1045277.html

Unless I've misread, this analysis is saying that Virgin Money shareholders should reject the deal on the grounds Nationwide aren't paying enough. This is *the opposite* of the argument being made by the naysayers on this thread...

So, they're suggesting Virgin shareholders should expect more. Meanwhile some Nationwide members think the offer is high already..... how strange🙂

Sellers of anything want the highest price that the buyer will pay, and buyers always want to pay the least that the sellers will accept.  

Although sometimes a seller will accept any price to get shot of a liability.

As of 17/04 there is still nobody else coming forward with a bid for this particular bargain.

It isn’t unusual for businesses to be sold and for there to be only one interested party. That doesn’t mean that anyone has made a mistake.

Hoenir

Money_Grabber13579 said:

Section62 said:

EarthBoy said:

Middle_of_the_Road said:

WillPS said:

Middle_of_the_Road said:

Seems this is far from a done deal.
Two worlds collide...
Nationwide members justifiably outranged at not being considered and the other side greedy for more of the spoils.

https://www.proactiveinvestors.co.uk/companies/news/1045277/reject-nationwide-takeover-kbw-implores-virgin-money-shareholders-1045277.html

Unless I've misread, this analysis is saying that Virgin Money shareholders should reject the deal on the grounds Nationwide aren't paying enough. This is *the opposite* of the argument being made by the naysayers on this thread...

So, they're suggesting Virgin shareholders should expect more. Meanwhile some Nationwide members think the offer is high already..... how strange🙂

Sellers of anything want the highest price that the buyer will pay, and buyers always want to pay the least that the sellers will accept.  

Although sometimes a seller will accept any price to get shot of a liability.

As of 17/04 there is still nobody else coming forward with a bid for this particular bargain.

It isn’t unusual for businesses to be sold and for there to be only one interested party. That doesn’t mean that anyone has made a mistake.

Particularly in a highly regulated industry where there's only a limited number of players. After the GFC the Council of Mortgage Lenders effectively lost a third of it's members. As US financial institutions (in particular) upped sticks and went home. 

masonic

masonic said:

Any update from Nationwide on progress towards a SGM? Confirmation that there were 500 qualifying members among the signatories? Cheque paid in? Anything?

To answer my own question, now on the petition site...

Middle_of_the_Road

Moved savings that could be moved, the loss of interest I can live with. What I can't, is the disregard they expect us to accept.

WillPS

masonic said:

Whoever's running this petition ought to be careful to ensure they're not misrepresenting a response (or lack of one). Unless Nationwide have responded with "we are going to ignore the petition and deny any attempt to call a SGM [legitimately or illegitimately]" then this could amount to slander.

A smarter leader might recognise they've been unnecessarily heavy handed in their demands, with the effect of overcomplicating the process and have thus missed some more obvious windows through which a kicking could have been delivered. Perhaps they could instead turn their attention to getting a resolution passed to ensure votes will have to take place on takeovers of any sort in future.

Instead of that they're instead advising their tiny numbers move their deposits, as if that might hurt them in any real way at all. Pathetic really.

friolento

masonic said:

masonic said:

Any update from Nationwide on progress towards a SGM? Confirmation that there were 500 qualifying members among the signatories? Cheque paid in? Anything?

To answer my own question, now on the petition site...

WOW, that'll teach'em

Middle_of_the_Road

WillPS said:

masonic said:

Whoever's running this petition ought to be careful to ensure they're not misrepresenting a response (or lack of one). Unless Nationwide have responded with "we are going to ignore the petition and deny any attempt to call a SGM [legitimately or illegitimately]" then this could amount to slander.

A smarter leader might recognise they've been unnecessarily heavy handed in their demands, with the effect of overcomplicating the process and have thus missed some more obvious windows through which a kicking could have been delivered. Perhaps they could instead turn their attention to getting a resolution passed to ensure votes will have to take place on takeovers of any sort in future.

Instead of that they're instead advising their tiny numbers move their deposits, as if that might hurt them in any real way at all. Pathetic really.

Most members are not in your mindset. Unfortunatly, and as is the norm, the majority feel they have no ability to change the outcome. You have now fallen into a position that confirms your bravado, mirrored by the powers that be, at the Building society. Your last two words exemplify your position.